Tuesday, 15 November 2016

The Dubai Property Market Is Now More Easy On the Budget

The Dubai property market is currently more simple on the financial plan with a scope of alternatives for the resident. In the event that you like to purchase and live in a flat or villa or you are a youthful financial specialist with cash to save, there are no deficiency of flats.  Recent launches by Emaar and Dubai South go under Dh1 million. You can likewise purchase units in The Pulse.
Studios here are estimated from Dh280,000. A one-room goes for Dh480,000, while Dh720,000 is for a two-bed. The MAG 5 Boulevard in Dubai South propelled studios beginning from Dh449,000 and two-room pads from Dh799,000.

“In the course of the most recent six months, there have been a plenty of launch hat have been under the Dh1 million stamp, prevalently in Al Qudra street and Dubai South. Emaar South, Pulse, Nshama and Akoya Imagine are resetting costs.
“In the course of the most recent six months, there have been a plenty of launch hat have been under the Dh1 million stamp, prevalently in Al Qudra street and Dubai South. Emaar South, Pulse, Nshama and Akoya Imagine are resetting costs.
Picture Courtesy: www.khaleejtimes.com
“This adjustment in strategy has given a passage indicate financial specialists to get costs that were like 2002-2004,” says Hussain Alladin, head of research at GCP Properties.
Purchasers are hurrying in, plainly demonstrating a repressed request in the moderate portion. In spite of the fact that a considerable measure of activity is moving to Dubai South, there is a note of alert.
“Dubai South is a significant long route far from completion. Likewise, consider that it is under the flight way of the Al Maktoum International Airport and could be affected via flying machine clamor,” cautions Craig Plumb, head of research, JLL Mena.
A portion of the enormous developers that have propelled value-for-money projects are Dubai South (The Pulse), Danube Properties, Nshama (Town Square), Azizi and GGICO. “At these costs, they offer great esteem for cash and huge extension for appreciation. Indeed, even the RoI on such properties ends up being more appealing than costly properties,” illuminates Niraj Masand, fellow benefactor, and executive at Banke International.
Numerous homebuyers prefer under-development or ready properties. As far as prepared to-move units esteemed at or beneath Dh1 million, look at apartments in International Media Production Zone, Dubai Sports CityDubai Silicon Oasis and in Dubailand people group, or townhouses in Jumeirah Village Circle and Jumeirah Village Triangle.
“One-bedroom apartment and Studios in Dubai Marina are dependably popular for fleeting occasion, official rental and also long haul rental. Furnished units provide yearly net rental yields of 10% when you consider opening and expert transient administration costs which can extend from 20 for every penny to 25 for each penny. Remraam apartment are liberally proportioned and perfect for spending plan cognizant proprietor occupiers and financial specialists. There are studios from Dh420,000, one-beds from Dh 600,000, two-beds from Dh880,000 and 3-beds from Dh1.3 million,” says Hajje.
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Wednesday, 2 November 2016

Dubai Healthcare City to Witness Project worth Dh470 Mn by Azizi Developments

Leading real estate developer, Azizi Developments which is UAE based with global reach to the international markets, has commenced its recent projects in the emerging Dubai Healthcare City viz. Azizi Aliyah. Fully serviced residence, a B+G+2P+14+R structure, is the first project in Dubai Healthcare City of Azizi Developments conveniently located between Burj Khalifa and the future tallest skyscraper in the world, the Tower.
Azizi Aliyah is due for the completion in 2018 & valued at Dh 470 million. The residence will encompass 191 studio apartments, 20- 2 bedroom apartments and 135- 1 bedroom apartments.

Farhad Azizi is the CEO of Azizi Developments says that Azizi Aliyah has encompassed their line of luxury apartments which cater towards the lavish & healthy lifestyle of professionals or nuclear families. Affluent singles, families, investors & business owners will also be allowed to have valet services, contemporary, healthy living, concierge & of green spaces.
Picture Courtesy: emirates247.com
He continued that investing in this is convenient as its location and they are delighted to announce the offering flexible payment system affordable enough to suit each individual client: 30% of the payment during construction with 70% upon completion & handover. Azizi Developments offer their services to investors to fully manage the process of renting units for them. The in-house renting option puts their clients at ease, removing concerns about renting out their investments themselves.
Stretched over a total construction area of 482,123 square feet, Azizi Aliyah will include prospective investors with its easy approach to outdoor sports parks, transportation, community retail centre, common areas, schools, gardens, private pools, spa & gym.
In addition to its scenic beauty, is the ease of its access to Sheikh Zayed Road, Emirates road, Al Khalil Road & close proximity to Dubai Creek, Wafi City & Business Bay. The development of Azizi Aliyah at its mobilization & fencing stage is a luxurious community which encapsulates the healthy lifestyle principles while located near major Dubai icons & attractions.
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Villas In Dubai Selling For Dh 10 Million At Ultimate Prime Residential Location

Luxury villas in emirates hills costing more than Dh 10 million have registered a soaring hike in its sale, of about 45%. According to a consultancy, emirates hills have reported the promising 40% increase which is the highest transaction amount amongst all top villas during past four years. Identical trends have been followed when we talk about sales price of villas and their rents. This has kept the yields stable between 3.5-3.7% over the past 4 years.

Company CEO David Godchaux said that with limited stock and without new supply of this scale of quality in such close surrounding, these properties have central location and close adjacency to other top residential and economic clusters which makes it most desired after ultra prime localities in Dubai for international investors and buyers.

Picture Courtesy: greenhouse.ae

To gain advantage on these factors, it’s expected that this prime submarket will hold value in mid to long term along with carrying an elite address status.

Dubai Marina

Despite of the selling activity in Dubai Marina fallen over by 25% and as it has been keep falling every passing year, the community has created value for the buyers as the prices ease.
Picture Courtesy: drscdn.500px.org

Dubai Marina observed high transaction activity in apartments over last few years. As expected, occupancy levels of headlines are almost 90% within top performing towers and top rental market has paused relatively due to continued demand from migrants.

The CEO adds that the prime sale prices have hit a low of about 8% each year although it has created opportunities for investors through steady yields averaging between 5-6%.

Downtown Dubai
Picture Courtesy: 4.bp.blogspot.com

The ease in sales market is pushing the prospective investors to take long term approach by holding properties and leasing out core assets instead of flipping in Downtown, as the rental market continues being strong.

The transaction levels have dripped down by 19%. The district Housing Burj Khalifa, the tallest tower in the world and Dubai Opera maintains high headline occupancies right now spanning over 85% across most of the prime towers.

Rental market has displayed a rise of 2%, an year on year raise bucking apprehensions of weakening rental demand due to a unifying financial jobs market.

Top residential property prices in Dubai are almost 60% beneath of New York’s, 75% below London and 85% below top ones of Hong Kong.

“Supported by existing ease of sales market, potential capital appreciation and higher long- term yields, Dubai’s top residential real estate holds very good value as per the global levels”.

With low holding charges and lower transaction costs, Dubai stacks up complying against other competing global cities as an investment destination for individuals and investors globally and with ultra high net worth.

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