Dubai Real Estate

Dubai Property Prices To Fall Another 10%

2011-01-24T09:59:00.000+04:00

Image by buckofive via FlickrReal estate prices in Dubai, already nearly 60 percent from their peak, are set to fall another 10 percent over the next two years, as new devices are released in a market flooded with offers, according a Reuters poll.

A Dubai real estate boom collapsed in late 2008 when he was beaten by the global financial crisis and debt crisis of the Persian Gulf state is.

Housing prices in the state of the Persian Gulf, home of the tallest building in the world, which has 900 homes plunged 58 percent from their peak in the fourth quarter of 2008, according to the median estimate of 15 banks, firms investment and research institutions.

Prices in Dubai and Abu Dhabi fell five percent and 10 percent respectively in 2011, according to the survey, which was taken last week.

The decline continued in 2012 with prices of 4 per cent in Dubai and Abu Dhabi 4 percent, according to the median forecast.

Abu Dhabi, United Arab Emirates and home to most of its oil, weathered the financial crisis better than Dubai, but now faces an oversupply of goods. Prices have already fallen by 45 percent.

In the latest sign of the housing market is in trouble, Abu Dhabi government has intervened with an aid package of $ 5.2 billion for the state's largest developer Aldar Properties will help the company meet looming debt obligations.

Analysts do not see the Dubai real estate market bottom out until the second half of this year, as soon as possible.

Rents in Abu Dhabi is to reduce by 13 percent in 2011 and 5 percent in 2012, according to a median forecast of 12 analysts.

Seddiqi Launches First Branded Rolex Tower in DIFC

2010-11-10T09:39:00.000+04:00

Seddiqi & Sons Investment, the real estate arm of the UAE's leading timepiece retailer, Ahmed Seddiqi & SonsAhmed Seddiqi & Sons announced the launch of the Rolex Tower, the first of its kind in the Middle East and the only branded Rolex Tower globally not owned and managed by the watchmaker itself.

Created by Skidmore, Owings and Merrill, the architects behind the Burj Khalifa and Canary Wharf, the Rolex Tower in Dubai is to offer 25 floors of two and three bedroom apartments including two luxurious penthouses, as well as 31 levels of premium commercial space and a ground floor for high end retail offerings. The Rolex Tower's design, finish, panoramic views and bespoke services are the hallmarks of its status as the premiere address in the heart of the city's business district.

Mr Abdul Hamied Seddiqi vice chairman of Ahmed Seddiqi & Sons said that "This venture marks Rolex's first endorsement of the Middle East's property sector and to be entrusted with the Rolex brand is a testament to the company's collaboration with Ahmed Seddiqi & Sons over the last fifty years. The launch of the Rolex Tower demonstrates our conviction that quality and service are among the most vital considerations whether buying a watch, finding a home or building a business."

The materials and expertise deployed in constructing the Rolex Tower underscore the premium nature of the building with 40,000 meters of aluminum and glass being used for the exterior, 3385 tonnes of steel and 29,150 cubic metrics of concrete underpinning all baths and public areas. Residents can enjoy IP TV and video on demand complemented by high speed wireless access while businesses in the Rolex Tower will make use of keyless entry controlled floor access and secure generous onsite parking.

Sourced from www.thenational.ae

Dubai Holding Unit Delays Repayment of $555 Million Loan for Second Time

2010-09-07T10:21:00.000+04:00

Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group owned by the emirate’s ruler, said it received an extension on a $555 million revolving credit line until Nov. 30.

All lenders to Dubai Holding Commercial agreed to extend the facility, the company said in a statement to Nasdaq Dubai today. The facility is extended under “commercial terms,” it said.

Dubai Holding Commercial in July received a two-month extension on the loan at “commercial terms,” the company said then.

Source: Bloomberg

More gloom for Dubai real estate market as second property index shows price falls in second quarter

2010-08-09T19:44:00.000+04:00

The oversupply of residential property in Dubai is predicted to peak in 2012 with vacancies of between 25 and 28%, according to the latest real estate report by Landmark Advisory.
At the same time distressed sales are leading to accelerates price declines, according to the Dubai and Abu Dhabi Real Estate Report for the third quarter of 2010 from the consultancy.

‘As prices are falling faster than rents, this is pushing up yields,’ said Jesse Downs, director of research and advisory services at Landmark Advisory.

‘This is positive for the market as higher yields are required to attract investors wary of the weak market fundamentals and perceived downside risk. At the moment, financing remains limited, which means investors continue to dictate market trends,’ she explained.

The report found that sale volumes slowed in the second quarter, compared to the first. Prices for villas dropped by 5% and apartments fell by 5.8% as a result of limited buyers and tighter lending restrictions.

In neighbouring Abu Dhabi quality issues could lead to a rapid reshuffling of the market as the new higher quality supply is delivered, the report also points out. Downs expects only 20% of high end properties in the pipeline will meet the standard, which will have a knock on effect on prices for mid-range homes.

‘However, we predict that this trend will be temporary, with performance weakening and not recovering once the truly high end developments are delivered,’ she added.

In Dubai and Abu Dhabi rental costs declined across the board with Dubai villas down 4.4% and apartments down 5.8% during the quarter. Abu Dhabi rents dropped by 11%, a sharp decline compared with 3% in the first quarter of the year.

‘These declines are supply driven following new on-island deliveries such as Khalidiyah Palace, Al Aryam Tower, Silver and Wave Tower. Static sales prices and declining rents have resulted in further yields compression, currently at 5.1%, and we anticipate that yields will continue to compress in the short term,’ Downs explained.

The figures confirm those released by consultants Colliers International earlier this month which showed house prices fell by 4% in the second quarter of the year compared with an increase of 2% in the first three months of 2010.

The consultancy is predicting that around 33,000 new units will be released onto the market by the end of the year, less than its original estimate of 41,000 due to project delays or rescheduling.

‘There are already more than 340,000 residential properties in Dubai with an average occupancy rate of 87%, with further declines anticipated,’ said Colliers International’s regional director, Ian Albert.

‘The market simply cannot absorb the additional supply unless the population grows and/or the release of stock is slowed down,’ he added.

Albert also warned that a dramatic drop in rents made home ownership a less attractive option for investors in terms of income generation, another factor that was weakening demand.

Property Market in Dubai

2010-08-06T03:37:00.002+04:00

Dubai is the emirate of the UAE, the seventh and the second largest in area after Abu Dhabi. The bulk of sales in Dubai is generated from the property and tourism. This is one reason that most people prefer to invest in Dubai property market to make profitable business and make huge profits. Real estate projects in Dubai are simply delightful and a center of attraction for visitors. The climate in Dubai is also dry so it is a perfect choice for real estate agents to invest in.

Opportunities for Buyers

Various options are available to real estate buyers in Dubai that the real estate market offers a wide range of people. Apartments, flats, villas, condominiums and more, buyers have a choice to choose something that would meet their needs and tastes. Buyers who think that the Dubai property market needs a lot of investment can find different properties for what they are looking at incredibly reasonable prices. The best part is that people can easily obtain the property at a favorable spot without having to worry about additional costs.

Opportunities for Investors

As buyers, investors can also get help in investment in Dubai real estate market. There are many options for investors who can buy products at reasonable prices and sell at prices which has been successfully established large profits. Real Estate in Dubai has helped many people to earn huge profits from their properties and take full advantage of the market. All you need to keep in mind are associated laws that are essential, especially when buying or selling a property. If you are new to the real estate market, then real estate agents can provide much help in the management of procedures, legal obligations and other requirements.

Dubai Property Owners Now in Control of their Units

2010-06-06T17:18:00.002+04:00

Dubai property owners can now play an active role in management and operation of their towers and communities as per the new regulations which provide the framework for the ‘Dubai Jointly Owned Property Law,’ said an industry expert.

The guidelines, implementing ‘Dubai Jointly Owned Property Law' Law No. 27 gives home owner associations control over who maintains their units, choses service levels and costs and also the much-disputed service fees.

The new ‘Dubai Jointly Owned Property Law' paves way for the legal establishment of home owners associations, said Nicole Betts, head of Association Management, at Dubai-based Asteco Property Management.

“Now that the much anticipated and long awaited regulations are effective, the dawn of a new era in the Dubai property market is upon us. This legislation will bring much need transparency, guidelines and real estate regulatory authority (Rera) directive to the emerging industry of association management. It is good for the market,” she noted.

According to Betts, the idea of home owner associations managing service levels and controlling service fees transparently was ‘good for the market.’

"Until now the way in which jointly owned freehold property has been operated has not been regulated, it has been left up to the developer to provide property management services or outsource them to facility management companies and service charges have been calculated and collected by developers," she pointed out.

“These methods of operation have been widely detrimental resulting in a poor level or lack of services such as cleaning, security, pest control and maintenance of the buildings facilities and an inaccurate representation of service charges to the market due a multitude of factors,” the expert added.

As with any new regulation, Betts said there is a period of adjustment and property owners, developers and service providers will no doubt "face challenging times ahead for as full understanding of the regulations and their implementation becomes understood."

“The effect on the property industry will ultimately be a positive one, providing much needed transparency and disclosure on the operating costs for projects as well as project specifications and contractual arrangements,” she added.

Asteco Property Management manages several informal owners associations in Dubai and its association management team recently attended the Rera ‘Owners’ Association Management Program’ at the Dubai Real Estate Institute.

“We intend to be one of the first organisations to be licensed by Rera to manage owners’ associations as well as providing both developers and property owners with professional consultancy services to assist them with the compliance and transition of their developments,” Betts noted.

According to her, these new regulations will certainly reassure overseas investors. "Transparency is essential especially for foreign owners and to now have an owners association to help protect their interests will certainly boost confidence in the Dubai market."

"Historically, on occasions, there have been challenges in collecting service charges from owners, some refusing to pay believing that they were not legally obliged to do so," she explained.

The regulations will bring much needed legal support which will ultimately enable the owners association to file a lien (security interest) over a unit where the owner refuses to pay their service charge obligations.

“In the current economic climate, investors more now than ever need their properties to earn their keep, providing a continuous income stream and optimal return on investment. A well presented and managed building always initially attracts a better quality of tenant and most importantly retains them longer,” Betts added. TradeArabia News Service

Aramani Hotel Dubai Opening Delayed

2010-04-21T22:47:00.001+04:00

The opening of the first hotel designed by Giorgio Armani will be delayed due to volcanic eruptions in Iceland that forced flight cancellations from Europe, according to BusinessWeek.

The Armani Hotel Dubai, in the Burj Khalifa, the world's tallest building, was scheduled to open its doors on April 21, but the opening date has now been pushed to April 27.

Every element of the hotel has been designed by the fashion legend, says a report by International Herald Tribune.

The 160-room hotel will feature eight restaurants and house Armani-branded retail stores, it says.

Real Estate Rents Expected to Drop More

2010-02-07T16:41:00.005+04:00

Dubai Real Estate market overview report last month according to Jones Lasalle, Dubai’s present stock of office space stands at 43.6 million sq. ft. Currently, the vacancy level is estimated to be 33 per cent of that or about 14.4 million sq. ft. In addition, the 2010-2012 pipeline of newborn supply has been updated 33 per cent due to delays and project cancellations to 40 million sq. ft. from 60 million sq. ft. Roughly 54.4 million sq. ft. will most certainly remain vacant, that calculates to a vacancy rate of 65 per cent.

The average grade A rentals like in Downtown Burj Khalifa or Dubai International Financial Centre, are currently at Dh250 per sq. ft. and are estimated to decrease even further before stabilizing by 2011 at the earliest.

Approximately 54.4 million sq. ft. priced at a Dubai average of Dh150 would yield roughly Dh8.2 billion of annual revenue for landlords. So what do you do when you can’t rent all this space?

Consultancy firm CB Richard Ellis also reports and predicts that commercial and residential property rents in Dubai will continue to decline this assemblage due to oversupply and rising vacancy rates. Lease rates for commercial space in newer areas of Dubai, which have already dropped 50%, are expected to head lower ‘as competition for tenants continues to lead landlords towards greater incentive packages’, the report said. Residential units are also likely to see ‘a further diminutive contraction during the course of the next assemblage as a substantial volume of newborn residential accommodation reaches the final stages of construction’, it said.

Big move predicted in Dubai real estate

2010-01-24T10:37:00.001+04:00

Dubai real estate market will see a shift from quality creation to quality management in 2010 as it looks to rebound from the impact of the global economic downturn, according to Jones Lang Lasalle.

Real estate brokers now recognize as separate professional category

2010-01-10T16:42:00.003+04:00

The prospect of an 'all professional' concept in Dubai Property moved a step closer today with the Real Estate Regulatory Agency (RERA) announcing an commendation with the Ministry of Labour (MoL) to have Dubai real estate brokers officially recognised as a separate professional category.

New Labour Cards and Residence Visas issued to realty broker will now include their designation, in exchange to the previous practice of categorising them all as sales staff.

RERA is near to finalising a comprehensive agreement with the MoL which will see all the professions it registers - much as valuers, consultants, mortgage brokers, agents, and surveyors -formally recognised as separate job categories by the Ministry. Marwan containerful Ghulaita, Chief Executive Officer of RERA, said, \"This is the first step towards a complete classification of the real realty professions in Dubai.\"

Dubai Real Estate Brokers Warned by RERA

2009-12-24T11:59:00.000+04:00

Dubai real estate brokers have been warned by the Real Estate Regulatory Agency (RERA) that they face losing their licence if they fail to intend approval before running any direct marketing campaigns. The move aims to halt unlicensed brokers from sending unsolicited and often inaccurate text or SMS sales messages to the public, following complaints from individuals who have been the target of book campaigns. Yousef Al Hashemi, Head of RERA's Licensing Department, said: 'Our priority is to ensure the campaigns are legitimate and not misleading,' adding: 'Failure to comply could mean the loss of a licence or entrance not being renewed. The rules are clear and should be rigorously implemented so to protect buyers and investors. For our part we routinely check all requests for authorisation to separate campaigns.

Real estate maintains healthy coverage in Q3

2009-11-23T22:14:00.000+04:00

Despite the drop in new projects in the UAE, real estate companies maintained a healthy exposure in the local media with Emaar recording maximum coverage.

The Mediastow Q3 report on the real estate industry revealed that negative coverage of the property sector decreased considerably in the third quarter, compared to the same period last year. The report, the fifth in the series, analysed the media coverage of the UAE real estate sector, with a focus on Al Qudra Real Estate, Aldar, Emaar, Sorouh, Dubai Properties, Nakheel, Sama Dubai and Damac.

The 34-page report assessed the success of PR campaigns of the eight real estate developers, as well as threw light on how their media coverage fluctuated, and how it compared with each other.

Emaar – the largest real estate developer in region – maintained its lead in all sectors including manifest (explicit material exactly as it appears), PR driven and non-PR categories.

PR driven campaigns were not the highest content generators as "manifest" reports topped the list for Emaar in July 2009. This was closely followed by non-PR and positive reports in most months of the third quarter and PR-generated reports were a distant third and fourth in ranking for most of the time for all the developers.

The head of Mediastow, Mohamed Elzubeir, said: "As for coverage, Damac and Emaar had their amount of coverage peaks in July 2009, while Al Qudra Real Estate, Sama Dubai and Sorouh had their peak in August 2009. Finally, the coverage of Aldar Properties, Dubai Properties and Nakheel peaked in September."

Emaar, followed by Sorouh and Aldar, figured in the top three in terms of newspaper coverage size, measured in column centimetres (cc), in July and August 2009. September saw Nakheel in the lead, followed by Emaar and Aldar. A total of 3,962 articles from 168 publications were monitored between July and September 2009 for the report. Also, stocks movements of Emaar, Aldar Properties and Sorouh were evaluated and correlated with media coverage.

Compared to the third quarter of 2008, there was a general drop in numbers, with some experiencing a bigger drop than others. Al Qudra, Emaar and Nakheel experienced significant decreases in Q3 2009, compared to the same period in 2008, in terms of the volume of coverage.

In comparison to the 2008 Q3 report, there was a considerable drop in coverage of news items covering deals and partnerships. Even though the news of the landmark merger plans between Emaar, Sama Dubai, Tatweer and Dubai Properties was announced during this period, but it did not match the coverage of the same subject in the previous year's third quarter.

Damac and Al Qudra almost disappeared from the news coverage on deals in the last month of Q3, while Sama Dubai gained the maximum climbing up to 40 points to be at the top. Emaar maintained a steady position alternating between the second and third slot during the period, while Nakheel took a major plunge from leading in the same period in 2008 to a distant fourth in September 2009.

The overall drop in the coverage was most contrasting in the project category covering launch, reviews, updates and completion. From a healthy 246 points as the highest point of coverage, the average in third quarter of 2009 fell to below 50 points.

In a surprising turn of events, almost all leading developers increased their CSR activities.

Nakheel recorded the maximum coverage with 66 points and Emaar at a close second at 58. Other developers Aldar, Dubai Properties and Sorouh also increased their efforts and got reasonable exposure in return (all above the 30-point mark).

Print media – shouldering the maximum amount of media exposure in advertising and reporting – carried on the momentum with Emirates Business giving maximum exposure to Emaar, followed by Aldar and Surouh. Nakheel received the maximum exposure from The National and Arabic daily Al Khaleej gave maximum coverage to Dubai Properties and Damac.

Emaar, Aldar Properties and Sorouh experienced an upward trend in the third quarter of 2009. Aldar enjoyed a decent rise in terms of share prices throughout the quarter and inched up further during the latter part of September 2009.

The differences in coverage were not that great in terms of OTS (opportunities-to-see) and coverage size, with the exception of Al Qudra Real Estate, which experienced a very sharp drop. Interestingly, Aldar Properties maintained an average of 15,000 OTS throughout Q3 2008 and Q3 2009. Average OTS is a measure of the number of chances an average member of the target audience will have of being exposed to an advertising campaign.

September 2009 saw healthy recoveries in terms of OTS and coverage, as it exceeded September 2008 figures. This was the case for Damac, Dubai Properties and Emaar. Interestingly, while September 2009 provided healthy figures for newspapers' coverage size, it also substantially lowered coverage sizes of magazines.

The Prominence Index rankings were worse in 2009 across the board. Sorouh and Nakheel were the only two developers that managed to maintain the same Prominence Index in August 2009 compared to August 2008. July 2008 was the best month for the property developers in terms of Prominence Index in the third quarter of 2008, while September 2009 was the best month in the third quarter of this year.

Source: Business24/7

Dubai begins inspection of unregistered Dubai brokerage

2009-11-23T22:10:00.000+04:00

Dubai's Real Estate Regulatory Authority (RERA), in co-operation with the Dubai Department of Economic Development (DED), has started inspecting Dubai real estate brokerage firms that are not registered with RERA, Emirates Business has reported. The inspections will cover offices that practice real estate activities and licensed by free zones in Dubai.

Property Prices Rise But Still Lower Over 2008

2009-11-03T17:03:00.000+04:00

A widely watched index of Dubai property prices shows home values in the city-state edged higher for the first time since the market plunged, but are still down nearly half from a year ago.

The tally out Tuesday by real estate consultancy Colliers International indicates property prices in the third quarter rose 7 percent over the preceding quarter. That is the first increase this year.

Colliers regional director Ian Albert cautioned that the rise doesn't necessarily mean the market has hit bottom.

"It's too early to say," he said. "One quarter does not make a trend."

Even with the recent gains, Dubai home prices remain 47 percent below their level at the peak of the market just a year ago.

Many of the houses and apartments were bought as vacation homes and investment properties by foreigners from Europe, Asia and the Middle East.

Values plunged dramatically beginning late last year as the financial crisis dried up financing sources and scared away the overseas speculators that fueled the city's boom.

The rapid drop has erased more than two years of gains, leaving homes now worth about what they were in the spring of 2007.

Albert attributed the latest gains largely to the increased availability of mortgages and a growing perception of job security among some foreign workers _ particularly those not tied to the real estate sector, a major employer during the boom years.

As many as nine out of 10 Dubai residents are foreigners whose residency permits are usually contingent on continued employment in the emirate.

Colliers bases its index on mortgage data from local and international lenders. It measures prices in parts of Dubai where foreigners have been allowed to buy since the market was opened in 2002. Those areas were largely responsible for Dubai's real estate boom.

The consultancy said the going rate for Dubai residential property now averages 1,016 dirhams, or about $277, per square foot.

Despite the recent bump in prices, Albert said home values will likely slide further over the coming year as a glut of new properties nearing completion become available.

"It's going to happen," he said. "Prices will soften next year."

New company accomodation for InterContinental Hotels Group

2009-07-12T23:36:00.000+04:00

Al-Futtaim Group Real Estate announces completion of new building at Dubai Silicon Oasis.

Designed by well-known local architects Architectural & Engineering Innovations Bureau (AEIB) and constructed by Al-Futtaim Carillion and Al-Futtaim Engineering, the new buildings - three in all - consists of 414 apartments with a mix of 1 bedroom, 2 bedroom and 3 bedroom apartments, and provide accommodation for all staff up to management level.

Amenities include an all day dining room, a hair salon, and prayer rooms alongside recreational facilities consisting of three swimming pools, a fully equipped gymnasium, television, internet and games rooms. The building will be managed by Al-Futtaim Real Estate.

Apartment in The Residence 4 Burj Dubai available for rent

2009-06-30T14:24:00.000+04:00

A delightful 3 bedroom apartment with maids room in The Residences Tower 4 is for rent. The property is a great size and would be and ideal apartment for a professional person or a couple. Rental price is AED 230,000.00/ year.

For more information, please contact: Provident Estate
Tel: 04-3233609
E-mail:david@providentestate.com

info@providentestate.com
rentals@providentestate.com

Please visit their Website for more Dubai Apartments for rent

2 BEDROOM AL MUROOJ ROTANA IN SHEIKH ZAYED

2009-06-27T14:24:00.000+04:00

Tucked behind the Sheikh Zayed Road and surrounded by a moat-like manmade lake, the Al Murooj Rotana offers the convenience of being close to Dubai’s main thoroughfare without the traffic noise.

The hotel is in the shadow of the rapidly rising Burj Dubai, but with this privilege sadly comes the ongoing drone of construction work, for the time being anyway.

The rooms are comfortable and contemporary, the pool area pleasant, and there’s a well-equipped gym and spa at which to purge your sins. The hotel is principally geared towards business travellers, with its excellent meeting and conference facilities, but leisure travellers not excited by the beach should be more than happy.

One word of warning; avoid the second floor rooms near the perenially busy and noisy Double Decker pub if you’re a light sleeper.

Project/Building: AL MUROOJ ROTANA
Location/Area: Down Town
Emirates/City: Dubai
Property Type: Apartment
Bedrooms: 2
Bathrooms: 2
Total Area: 1,100 Sq. Ft
Net Area: 0 Sq. Ft
Furnished: Furnished
View: LANDSCAPE VIEW
Ready Date: 2009-06-24

Please Contact: Loai
Tel; 04-3233609
Mobile: 050-5057143
E-mail:loai@providentestate.com

Please visit our Website for more properties for rent in Dubai

info@providentestate.com
rentals@providentestate.com

DPRE Holdings Confirms Upward Trend in Dubai Real Estate Prices

2009-06-27T13:51:00.000+04:00

The prices of luxury properties and properties in top locations in Dubai are showing a definite upward trend.

This was revealed by the findings of a survey conducted by DPRE Chronicle of its brokers in Dubai. The latest figures available at the end of the second quarter confirm the forecasts made by DPRE Chronicle on the basis of the data available in the first quarter of 2009. This segment has clearly bottomed out and is on the upswing. Local newspapers cite price increases from 20 to 40 percent. "Iconic" locations such as The Palm Jumeirah and Downtown Burj Dubai are at the forefront of this revival. A dozen other locations are already catching up.

The analysis clearly distinguishes between the positive trend in the top-level retail segment in select locations, and certain real estate funds, including European ones, which since 2008 have had to cope with severe problems. Potential investors should be aware of this difference. The macroeconomic environment of the Emirates is, nevertheless, investment-friendly.

Dubai Property Rental | Dubai Property

Dubai property developer Deyaar chairman resigns

2009-06-21T16:55:00.000+04:00

Dubai Property developer Deyaar chairman Nasser al-Shaikh has resigned from his post, the Dubai property firm said in a statement on Sunday, without giving a reason.

Shaikh was replaced in May as head of Dubai's Department of Finance after spearheading the launch of the emirate's $20 billion bond programme in February, a move aimed at easing worries state-linked companies could default on debts.

"The board of directors of Deyaar will convene shortly to consider its ratification of the same," it said in a statement.

Deyaar did not name Shaikh's replacement.

Shaikh remains chairman of Islamic mortgage lender Amlak and is an assistant to the director of the ruler's court for foreign affairs.

Shares of Deyaar were down 1.5 percent at 0712 GMT in line a drop in the Dubai index.

"Al Shaikh is a respected entity in the industry but this news is unlikely to have any major impact on Deyaar's stock price until the reasons for his exit are made public," said Mohammad Ali Yasin, managing director at Shuaa Securities.

Pre-inspection of residences commences at Liberty House

2009-06-18T17:00:00.000+04:00

ETA Star announced the commencement of the pre -inspection of the residences in Liberty House. Designed to be a distinctive and prominent architectural landmark in the Dubai International Financial Centre, the soaring forty-two storey structure consists of eight floors of spacious open plan offices, above which are twenty nine floors of luxurious apartments. With close to 140 offices and 220 residences, Liberty House stands tall at one of the prime locations in Dubai.

The residences area starts from 448sq ft. and ranges up to 1724sq ft area. All the residences are fitted with the best of the Italy and Belgium furniture. The studio furnishing includes a king size bed with Italian leather around the bed and the headboard, a love seat sofa made of Grande Ville Textured Fabric from the Mills in Italy, a lounge chair, coffee table and a side table, a full length mirror, a night stand and a reading desk with two chairs. One and two bedroom apartments have 2 seater sofa with cushion, TV stand, Dining table, dresser, bar table, standing lamp and night lamp. The furniture comprises of leather, black oak and frosted glass to gives the entire apartment a contemporary yet sophisticated look.

Dubai International financial Centre has multiple advantages, including being at a strategic location, and almost equidistant between the financial centres of Asia and Europe.

Mr. Abid Junaid stated that, "With modern design using a select palette of high quality materials and finishes both inside and out, ownership of these apartments will add significant value to the quality of life of our residents. We look forward to welcome more members to our family with this delivery"

Dubai property may not recover until 2011

2009-05-14T05:59:00.000+04:00

The Dubai property market might not recover until late 2011 as a consequence of weak demand, according to a fresh report by Egypt-based investment bank EFG Hermes.

However, EFG Hermes does expect recent clarifications from the UAE government on home ownership to now improve investor sentiment.

Multiple-entry visas for expatriate UAE property owners, who qualify, will be issued from 1 June, officials announced earlier this month.

Overseas nationals buying property in the UAE will have to meet a set of requirements set out by the authorities. According to the ruling, the property should be worth at least £180,000, it should already have been completed, it should be wholly owned by the investor and the owner must earn a monthly income of at least £1,800 or equivalent in foreign currencies.

Real estate firm: Dubai rents drop 23 pct in 1Q

2009-05-07T19:37:00.000+04:00

New research has shown Dubai residential rental prices dropped 23 percent in the first quarter of 2009 as the economic downturn forced foreign workers to pull out of the fast-expanding city.

Thursday's report by real estate company CB Richard Ellis has attributed the decline to job losses among expatriates, a drop in tourism and a considerable new supply of homes.

CBRE says the biggest declines have been in the newest developments built for job-seeking foreigners who had flooded into the oil-rich Persian Gulf's business and tourism capital during the boom years.

Prices in state-owned developer Nakheel's Discovery Gardens took the biggest hit, with rents falling by a third since late last year.

Is Real Estate Market really going down?

2008-11-18T12:35:00.001+04:00

With the global economic crisis hitting Dubai's real estate market and other businesses, it has been reported that real estate business is going down specifically the off-plan properties. No premium properties or distress properties are common now in the market.

I am neither a real estate agent nor a broker but as what I have heard from agents and read from newspapers, I think that this is true. One of the popular Dubai-based estate developer as they say is laying off around 200 of its workers. The other property firm had reduced the level of its shareholding allocated for foreign investment from 20 percent to 15 percent to protect itself.

It has also been reported just in case you don't know that there are banks who are now reluctant to lend against a property that has yet to be built. And even car loans as what my colleague told me is now on hold, I don't know if this is true.

I have made a poll to see whether it is true that real estate market is really going down. You can cast your vote on the upper right portion of my blog if you think you still want to buy property in Dubai and you can give your comment why did you choose your answer.

No Premium Properties

2008-11-12T16:36:00.000+04:00

No premium properties as what I know are properties that are on the resale market that doesn't have profit. It means that property owners are selling just to get money their money back which they have spent on that particular property.

So what is the reason why property owners are selling their units without premium? I think maybe because of the global economic crisis that people need cash or they are afraid that property prices will go down.

Real Estate Agents: Dubai Real Estate Boom Is Ending

2008-10-28T08:48:00.000+04:00

A six-year real estate boom in Dubai that spurred a $475 billion building frenzy has ended, according to agents who say sales are collapsing amid fears that the global economic downturn will hit the sheikdom.

“Last month was a real disaster and worse is coming I guess,” Mehdi Zoghbi, an agent at Middle East Real Estate Consultants, said on Sunday.

Zoghbi says that desperate sellers are now offering off-plan properties on the secondary market for a zero premium, effectively accepting a loss on their investment in order to offload quickly. Dubai, the first Gulf sheikdom to allow foreigners rights to buy homes, may also be the first to see a crash in property prices.

“Our commissions have fallen by up to 70% recently,” said Khaled Daji, an agent at Al Jabal Real Estate. “The most hit are the projects under development and those luxurious high end. We plan to survive for another six months to see how this crisis unfolds.”

But the city’s biggest developers like Emaar Properties PJSC and Nakheel are adamant that sales remain robust. Mohammed Alabbar, Emaar’s chairman and one of the architects of Dubai’s real estate boom, said in the company’s third-quarter statement that “we are very confident of our company’s fundamentals and future growth.”

That hasn’t stopped investors dropping the company’s shares. Emaar’s stock has fallen 62% since the beginning of the year, that’s more than the 48% fall in the Dubai Financial Market’s main index over the same period, according to Zawya.com data. Earlier this month, Colliers International said the growth of property prices in Dubai slowed to 16% in the second quarter of 2008 from 42% in the first quarter. Morgan Stanley warned in August that property hotspot Dubai could see a 10% fall in prices by 2010.

A collapse in real estate prices will add to pressure on Dubai’s economy, ♂which doesn’t benefit from the vast oil income enjoyed by neighboring Abu Dhabi. Property and construction╚ are estimated to account for about 30% of the emirate’s economy.

Meanwhile, the nerve - and wallets - of Dubai’s shoppers will be tested this week when, against a tide of global economic woe, the region’s largest shopping mall opens. Covering an area of more than 50 soccer fields, Dubai Mall will have more than 1,200 shops; one of the world’s largest indoor gaming arcades; an Olympic-size ice rink; the world’s largest indoor Gold Souk; and one of the world’s biggest aquariums, which will be home to more than 33,000 types of sea life, including over 400 sharks.

Source: RealtyTribune

Platinum towers price reduced

2008-07-29T11:06:00.000+04:00

I've been getting enquiries for the full floor Platinum towers for sale that I have posted last time.

Just want to inform you all that the price now has been reduced to AED 3000/sq.ft.

Bussiness Bay full floor property for sale

2008-06-16T13:21:00.000+04:00

For sale full floor in Platinum Towers Business Bay, all inclusive AED 62,692,182.00 with a size of 18,352 sq.ft.

Platinum Towers are located in the heart of Dubai's Business Bay, and comprised of two 29-storey, adjacent towers. Each tower is comprised of 3 basements and one ground floor, with a number of state-of-the-art amenities that include gymnasium hall, health club, shopping facilities and 984 parking spaces.

Amenities / Facilities

* High end Retail Stores
* Highly efficient Circulation areas
* Lobby
* Bank
* Service rooms
* 8 high speed elevators
* Ample Parking catering for maximum capacity
* Health Club
* Day Care Centre
* Fully equipped & fully fledged Business Centre
* Food & Beverages Facilities with back service corridors

The round design of Platinum Towers office floors allows perfect views to a number of Dubai Landmarks such as Burj Dubai & Sheikh Zayed Road. In addition to a view over the lake and the green vibrant area on top of the podium.

Should you need further details of this property, email me at info@allan-duncan.com

Studio apartment for sale in Dubailand

2008-06-16T10:35:00.000+04:00

For sale Lincoln Park studio apartment, 475 sq ft, second floor westside development, with car space, selling price 700,000 AED.

Lincoln Park is a brilliant low-rise architectures with the great blue sky as backdrop, best describes Lincoln Park. Offering true value for money, Lincoln Park is a mixed-use development of 7 buildings with dedicated commercial and residential buildings. Inspired by Chicago style architecture, the buildings have a well articulated and ornamented front entrance, flat roofs with parapet walls and beautifully designed roof terraces.

Lincoln Park has retail and restaurants on the ground level and also offers underground car parking space for every office, apartment and retail store. Nurture both your vocation and daily life by experiencing the urban views! Lincoln Park is a perfect place to work and live at the heart of Dubai.

Lincoln Park Dubailand Dubai- Completion 2010

Name: Lincoln Park
Status: Under construction
Type: Mixed use
Location: Dubailand

Pier 24 / Radisson SAS Venti Quattro

2008-05-21T13:03:00.000+04:00

Pier 24 or Radisson SAS Ventiquattro was successfully launched last night.

Venti Quattro is a bold 20-storey tower with prominent façades of finished stone and tinted glass, housing 152 designer apartments available as studios, or with one or two bedrooms.

The first 15 floors are operated by Radisson SAS for the benefit of investors, while the top 5 floors are available for homeowners. Every apartment is fully furnished, from the well-equipped kitchenette to the wall-mounted television. Balconies provide a private outdoor area to relax and unwind. Some apartments have balconies with stunning views of the azure waters of the Marina and the swimming pool, while others show the impressive city skyline.

Abyaar’s passionate pursuit of excellence and commitment to first-class boutique residences is demonstrated in the quality of Venti Quattro. The interior was designed by famous Italian interior designer Matteo Nunziati with minimalist style and five-star elegance in mind. Abyaar is also the developer of the luxurious tower and villas in Acacia Avenues.

The distinct tone set by the stylish contemporary interior is carried throughout the building. Each of the various styles of apartment has been individually designed and flawlessly executed, through an overall impression created from meticulous attention to every detail, with custom-made Italian furniture and high-quality materials from the finest suppliers.

Lobby

The lobby features polished marble floors and a use of light and space that creates a unique environment of understated luxury.
The impressive height of the main lobby is continued along the corridors that lead to the elevators.
The lobby includes a library as a welcome feature.

Master Bedroom:

Floor Gres Italian tiling lays in muted shades.
Fontana Arte lighting.
Stone-tiled walls are highlighted by the integral ceiling lights.
The use of gentle beige tones emphasise the colour of the bespoke furnishings of Poliform and Salvarani.

Kitchen:

The kitchen is well-equipped and everything is within easy reach.
Each kitchen features Philips and Siemens appliances.
The kitchen has a breakfast bar, which you can also be used as a convenient serving area.

Bathroom:

The choice of colours and fittings are both practical and elegant, with fixtures by Rapsel Italy.

Venti Quattro is adjacent to Marina Mall, ideally situated to provide the quick essentials for everyday life and a selection of outlets for more luxurious shopping. Cosmopolitan restaurants line the boardwalk, offering a variety of cuisines from Thai to Mediterranean. The stroll home along the waterfront promenade in the fresh sea breeze is the perfect way to end the evening.

Venti Quattro also has direct access to Sheikh Zayed Road and is just a short trip from both Mall of the Emirates and Ibn Battuta Mall, with even more world-class shopping, entertainment and dining options. For those who enjoy life on the water, the Dubai Marina Motor Yacht will feature a yacht broker’s office, ships’ chandlery and a boating school.

For more information and booking, visit Radisson SAS Ventiquattro

Park Square Residence

2008-05-14T12:14:00.001+04:00

Yesterday, I was given re-sale properties to be uploaded on our website but when I received the papers I found out that Park Square Residence has not been added yet so I have to gather information about this project before I can upload this properties.

Today, it has been an hour now and I can't find any real estate websites that has information or images of the project. Good thing that someone send me an email with the external and internal prospective images as well as the floor plans.

So let me share it here with you.

Front Perspective

Inside Perspective

All I know at the moment, Park Square Residence is a G+4 building which is located in Jumeirah Village South. Expected to be completed on August 2009 and finance by Emirates Islamic Bank.

Verde Towers

2008-05-13T15:50:00.000+04:00

VERDE Residences and Offices are designed to maximize the use of the natural forces of wind, use natural light and geothermal mass, recyclable construction material along with optimum use of energy-efficient systems and technologies.

The name VERDE has its roots in Spanish, which means green.

The project comprises of two towers - residential and commercial. The 33- level curtain-glazed VERDE Office tower is designed in trapezoidal shape. With a total built-up area of 820,000 square feet, the Office tower will comprise of podium offices and unique sky garden. The 48-storey glass Verde residential tower will be shaped like a boat and will have a total built-up area of 13,000m2. It will include two and three bedroom units, three and four bedroom penthouses and four bedroom duplex townhouses.

VERDE towers will have a district cooling system using wind turbines, photovoltaic solar hot water, energy efficient lighting equipment and grey water system.

Expected completion date: 2011
Location: Dubai Maritime City

Real estate set up in Dubai

2008-05-13T14:53:00.000+04:00

Dubai real estate is a major investment arena for investors worldwide. The investment pours in not only from commercial companies but also from individuals abroad. In the last five years, the real estate sector has seen a marked boost in investments. This in turn has increased the supply of real estate in Dubai. In fact, both the processes are influenced by and in turn affect each other. In the coming years, this trend is expected to bring about an increased demand for purchasing residential and commercial units. One of the major consequences of this would be soaring property prices. Although many analysts expect that the supply would exceed demand in near future, this is believed to be an impending possibility only for the high income group.

The process of buying Dubai property is simple and hassle free. Real estate in Dubai requires no national registration. Usually, one has to pay some amount as booking or reservation deposit. Then, there is a deferred payment schedule wherein the remaining payment is divided into installments spread over the construction period. Units are financed to non-UAE residents only on certain ventures. The interest rates of properties range between 6 to 9 percent and the term usually lasts for 15 years. Upon non-UAE transactions, one can even obtain freehold rights.

There are factors that make investing in Dubai realty a profitable exercise. The capital gains tax and rental income tax are 0 percent. Secondly, the demand-supply ratio is carefully monitored and controlled by the government so that the properties account for strong growth rate and returns.

Furthermore, although legal advice is required to purchase real estate units in Dubai, there is no fee to be paid for the same. There is no tax levied on the properties. But there is a land registration tax which is paid to the government on completion of the project involved. This amounts to 1.5 to 2 percent of the price. However, if the contract is resold before completion, a transfer fee ranging between 1 to 7 percent is paid to the developer. To add to the benefits of purchasing Dubai real estate, the government provides resident visas on non-UAE investments.

Even the mortgage market has developed quite fast over the last few years. The emergence of HSBC as an international mortgage provider for property in Dubai has changed the scenario for ever after. The mortgage rates offered by the bank on are highly competitive and flexible.

In 2002, His Highness Sheikh Mohammed bin Rashid Al Maktoum, with a vision to transform Dubai into a global city, had decided to encourage international investors towards purchasing more properties. This dream will certainly materialize in the years to come.

Dubai Maritime City

2008-04-23T12:54:00.001+04:00

Dubai Maritime City is the world's first purpose-built maritime centre, designed specifically to serve and enhance the maritime industry. It is integrated mix-used development encompassing commercial, industrial, academic, residential and lifestyle components. Spread across 227 hectares the multidimensional centre is a man-made peninsula that will bring unprecedented to the local and global maritime community. Dubai Maritime is located on a man-made peninsula between Port Rashid and Dubai Dry Docks, and surrounded by the waters of Arabian Gulf.

Designed to encourage a community lifestyle, the superb infrastructure, landscaping and overall environment of Dubai Maritime City will create a relax yet modern setting that will leave a lasting impression on the people who live and work here. It promises to be multi-use environment that balances the working and the living conditions of the community with its many facilities for office, residential, retail, recreational and leisure purpose. Dubai Maritime City has its own jurisdiction and will operate as its own municipality. Added to this, the world class services and its pro business stance make this the destination of choice and a centre of excellence for global maritime businesses from all over the world.

Dubai Maritime City shall be, without a doubt, the first choice of maritime businesses not just because of the facilities provided. Its strategic location, its unique environment for the integration of marine players around the world, the famed lifestyle and infrastructure of Dubai and its world-renowned financial clout will be just some of the factors influencing smart investors and entrepreneurs of the world.

Click to enlarge

Dubai Maritime City will have six area; The Marina District, The Marina Centre, Academic Quarter, Harbour Residences, Harbour Offices and the Industrial Precinct.

Al Mahra Masterplan

2008-03-25T09:11:00.000+04:00

When one is buying a property it is always important to know where the property is located. Today, one of our real estate agent asked me of Al Mahra masterplan in Arabian Ranches. So I'm sharing it with you and here it is.

Click on the image to enlarge

The above will give you the unit no. of each villa of Al Mahra in Arabian Ranches.

Dubai Lagoon

2008-03-22T14:45:00.000+04:00

The contemporary styled Dubai Lagoon is a unique residential apartment community planned around a stunning sapphire lagoon set in the heart of New Dubai. This development ranks as the premier apartment residence. Dubai Lagoon comprises 4,166 units of Studio, 1 Bedrooms, 2 Bedrooms, 3 Bedrooms and 4 Bedrooms.

The man-made lagoon creates a permanent romantic setting in a community that has fast become a homeowner’s dream. With the apartments and walkways surrounding the bank, the lagoon’s constant filtration system ensures the water remains fresh, sapphire blue, and doesn’t stagnate.

Situated between two main highways, the Dubai Lagoon community is minutes away from the new airport, and just under 12 kilometers from the exquisite Burj Al Arab. Perfectly located, Dubai Lagoon is a short drive from 3 local golf courses, designed by Greg Norman & Vijay Singh, and is in close proximity to the Dubai Investment Park, the Courtyard Marriott Hotel, Al-Nibras School, the Green Community, the new Business Park, and international shopping centres including Ibn Battuta and the new Mall of the Emirates with the amazing Ski Dubai. Surrounded by schools, shopping markets, cafes and restaurants, life at Dubai Lagoon is one of luxury and convenience.

Dubai Lagoon promises tranquility, security andaccessibility. A place where community living is enhanced by expansive water views tastefully decorated by invigorating pedestrian walkways and stylishly landscaped gardens. While admiring the glistening waters from a quaint side café or enjoying a meal at one of the vibrant restaurants that hug the sapphire shore, one soon realizes that this is the perfect place to live.

Expected Completion Date - Late 2008
Location - Dubai Investment Park, Dubai, United Arab Emirates

Marina Residences

2008-03-19T23:25:00.000+04:00

Marina Residences in Palm Jumeirah offers a selection of two and three bedroom apartments with stunning views that are available in a choice of styles. All rooms demonstrate exceptional attention to detail, from balconies off of the living room overlooking the sea to spacious dining rooms for entertaining. Additionally, the comfortable interiors are complemented by distinctive accent lighting, timber-floored master bedrooms, generous walk-in closets and beautifully appointed bathrooms.

Finishes

Finishes, available in classic or contemporary styles, accentuate the craftsmanship and thoughtfulness that goes into each and every Marina Residences apartment. From full body porcelain tiles to stainless-steel appliances, stone vanity tops and full height wall tiles, Marina Residences offers the choice and high standards one would expect from a home on The Palm.

Befitting the name, Marina Residences on The Palm Jumeirah offers its residents world class marina experiences. Anchor Marina provides berths for over 700 vessels just steps away from the apartments, with some fronting resident properties.

Along with convenient berths, residents will also enjoy access to the marina’s clubhouse and other fine marina leisure facilities promoting the ultimate waterfront lifestyle experience.

Jumeirah Village South

2008-03-17T23:17:00.000+04:00

The Jumeirah Village South Development embodies sleek, sharp and futuristic architecture in practical landscaped surroundings incorporated into the buzzing and complete community lifestyles that is Jumeirah Village South. It encapsulates a unique combination of designer chic and the warmth of community living in the City of Dreams.

Dynamic living is a prominent feature of these developments and the eventual residents will enjoy a unique blend of relaxation, excitement and convenience through the many amenities on offer, whether it be food courts, international schools, hypermarkets, branded boutiques, health clubs or access to water sports among others.

Jumeirah Village South is a community designed to embody a vision of peace, harmony, health, and happiness. The radial layout allows neighborhoods and open spaces to occur in a vibrant, more natural and buzzing manner and embraces the symmetrical component of Islamic art. The mixed use is private and tranquil yet well connected residency is set amongst a traditional Arabian and Western architectural.

This design celebrates the importance of lush vegetation and water amongst the arid desert landscape, creating a stimulating community. Many of the public amenities found in Jumeirah Village South include parks, sports fields, international schools, mosques, and more. These are strategically clustered in the green spaces to create accessible gathering places, reminiscent of the important historic oasis.

Jumeirah Village is located in an incredible and enviable location on the edge of the cities business hub, and within touching distance of the three main transportation routes. These include; Sheikh Zayad Road, Emirates Road and Al Khail Road, which consequently, benefits from the express underground metro system which links up to the vibrant, unique and European style tram network, encircling the Village streets. Jumeirah Village is ideally and strategically placed next to the largest international airport in the world, radically increasing commerce prospects.

Features

State-of-the-art Health Club with Gym
Outdoor Swimming Pool, Children's Wading Pool and Jacuzzi
Communal Barbecue and Outdoor Pool Amenities
Spacious Marble – tiled Lobby and Reception area
Card Controlled Property Access and door entry system
24-hour Mobile Security and Maintenance Service
Fire Fighting System and Emergency Generators
Covered Parking for Tenants and Visitors

Some of the projects in Jumeirah Village South are:

Prodigy
Imperial Residence by Tameer
Al Dua'a Gardens by Al Dua'a Hodlings
Garden Heights by Dheerah & East Coast or DEC
HQ also by DEC
Emirates Gardens by DAMAC

Jumeirah Heights

2008-03-06T22:35:00.000+04:00

Jumeirah Heights is a self-contained community where spacious urban design enhances the tranquil surrounding lakes and the outdoor spaces flow to create secure neighbourhoods. The low to mid-rise buildings are placed well apart so every homeowner can enjoy beautiful views of the nearby water or parklands.

Every apartment building is in convenient walking distance to leisure facilities, shopping and parking. Security cameras are located at the entrances to ensure a safe environment for residents.

Jumeirah Heights is made up of mid-rise buildings lofts, duplexes, apartments and townhouses. The development links up with the low-level skyline of Jumeirah Islands, stretching out towards the shoreline of New Dubai.

Jumeirah Heights is the perfect place for families who love to keep healthy and active. The Village Centre and each Frond and Cluster have conveniently located activity areas throughout the landscaped gardens to give homes easy access to a vast variety of outdoor activities.

Children and grown-ups alike will enjoy the play areas, multi-purpose courts, jogging circuits and cycle trails. The three areas each have dedicated pools and parks for much-needed recreation and relaxation. While each building has a private gymnasium, the community offers a state-of-the-art health club managed and operated by an industry leading third party.

There are three distinct areas in Jumeirah Heighst - The Village Center, Frond and Clusters.

Village Centre: Completion Date - 2010

The Village Centre offers residents ready access to its scenic promenades where cafés and restaurants spill out onto the walkways. The centre of the Jumeirah Heights it accommodates the supermarket, bank, pharmacy and many more convenient stores. This community hub also offers residents a private gym, swimming pool and play area for the kids.

The Village Center has 2 stepped buildings of 16/20 stories (residential) along with common B+GF of retail area.
Each unit has either a water or amenity view
The units are placed above a retail area which consists of Supermarket, restaurants, utility shops, water view promenade, clinic, etc.
Each building consists of

Amenities provided include

The finishes in the village center are classic contemporary.

Fronds: Completion Date - 2010

The Fronds offer spectacular views. Set within impressive lakes, behind the Village Centre and The Clusters these units feature spacious apartments and beautiful three-bedroom townhouses.

Fronds has stepped buildings of 23 stories (residential).
Each unit has either water or amenity view, balconies and density is high - medium.
These units are placed in a stepped fashion allowing extended big terraces at every step as a feature.
Additional feature is central spine units 2BR & 4BR (from 23rd level onwards) with a very good view.
Each building consists of

Amenities provided include

The finishes in the fronds are classic contemporary

Townhouses:

There are in total 34 townhouses in the Fronds, 17 in each frond
G + 2 floors
3 bedroom houses
Modern contemporary finishes

Clusters: Completion Date - 2009

The Clusters feature generously spaced low-rise buildings, affording extravagant waterfront views. Positioned on either side of the Village Centre, and in front of The Fronds, each complex includes a unique mix of lofts and duplexes.

The Cluster development is proposed as a unique feature within Jumeirah Heights with introduction of Lofts & Duplex
Each unit either has water or amenity view
There are 2 Clusters (East & West).
Each Cluster has 3 buildings of B+G+5 stories.
Each building consists of

Amenities provided in each Cluster include:

The finishes in the clusters are Modern Contemporary.

Dubailand

2008-02-25T23:54:00.000+04:00

Dubailand is I think the biggest development ever develop here in Dubai. Covering 3 billion square feet, Dubailand is said to be the most ambitious tourism, leisure and entertainment destination ever created, and home to some of the world's premier and unique attractions Dubailand has been designed to appeal to the widest tourist segments across genders, age groups, world regions and activity preferences.

Click on the image to enlarge

Dubailand is ideally located on the Emirates Road, providing easy access. It is just 10 minutes from Dubai International Airport, 10 minutes from Dubai World Trade Centre, 20 minutes from Sharjah and 60 minutes from Abu Dhabi. Dubailand has been planned and designed using leading-edge expertise.

A unique and multi-faceted development of pure family entertainment and eductation, with universal appeal, Dubailand will incorporate a critical mass of attractions, an endless mix of day and night activities and a variety of themed accommodations to encourage longer visits and overnight stays.

Dubailand will be made up of 5 different worlds each offering a fantastic range of activities and experiences to visitors.

Dubai Sports City, City of Arabia, Falcon City of Wonders, Bawadi, Aqua Dunya and The Villa are just some of the sub-developments under Dubailand.

Dubailand is expected to be completed on 2015.

Palm Jebel Ali

2008-02-23T13:07:00.000+04:00

The second island in The Palm island trilogy, The Palm, Jebel Ali is located in Dubai Waterfront. It was created with a vision of becoming an unparalleled getaway for residents and visitors alike, with an array of luxury hotels, water homes built on stilts that spell a poem written by His Highness Sheikh Mohammed bin Rashid al Maktoum the ruler of Dubai, beachside villas, shoreline apartments, dive sites and a variety of entertainment and leisure activities. The Palm Jebel Ali offers a stunning shoreline entrance of world class golf courses and luxury desert resort to a graceful bridge connecting the mainland to the island.

The Trunk

Measuring 2.4 kms in length and 450 meters in width, the Trunk of the island will feature a strip of eight luxury hotels, three marinas and sea village at it's very center. The shoreline area of the Trunk will also boast cinemas, an amphitheatre, event plazas and more.

The Crown / Fronds

The 17 Fronds of this Palm shaped island referred to as the crown, where 16 fronds will feature a series of homes in various style, each of which offer stunning views of the spectacular landscape. The fronds comprises Townhouses, Signature Villas and Garden Homes.

The Crescent

At 15.5 kms in lenght, the crescent forms the breakwater on the outer side and is home to several marinas and shoreline apartments on the inner side. Further more, several plots on the crescent have been reserved for private investors and developers to design, shape and mold adding their concepts and ideas to the existing grandeur of The Palm, Jebel Ali.

Water Homes

Located between the crown and the crescent of The Palm, Jebel Ali, the Water Homes are a series of elevated homes linked together by broad walks from a 12 km chain. Positioned strategically they form a verse of Arabic poetry composed by H.H Sheikh Mohamed bin Rashik Al Maktoum, which when read from above reads:

“Take the wisdom of the wise,
It takes a man of vision to write on water,
Not everyone who rides a horse is a jockey
Great men rises to great challenges"

The 1,060 water homes boast luxurious and amenities inside and feature private moorings for personal boats.

source: www.palmjabelali.com

Raising the roof

2008-02-19T15:22:00.000+04:00

The real estate boom that has fuelled the prodigious growth of Dubai and fast-tracked many to a better life in the sun has been hit by a series of steep hikes in the cost of core building materials. Add to that continuing housing supply shortages and all of a sudden (if HC Securities Brokerage is to be believed) you have a city whose property market is rapidly approaching the price levels of London’s West End.

With its large-scale real estate projects, Dubai has become more than just a playground for discerning holidaymakers and professional expats. But with increasing costs and supply fears, developers are fearing huge financial implications for the construction industry which, according to Abdulrahman Al Tassan, CEO of Rakaa Property, may lead to a crunch that could add to inflationary pressures, create an economic slowdown and cause a subsequent investment collapse.

But cynics predicting the imminent demise of the emirate’s property boom have so far been wide of the mark, says Blair Hagkull, managing director of Jones Lang LaSalle MENA, who is confident fresh supply will come to the market this year. But, he says, problems persist in the short term.
As demand outpaces supply, Hagkull says the region will be faced with a ‘flight to quality’, where property-seekers take what they can get from a market fast running out of prime real estate in the most desirable locations. Tassan believes that the pace of development in Dubai has become its own worst enemy, as the availability of both building materials and manpower has been overtaken by the sheer speed of development.

Record oil prices, surging inflation and droves of expats combined to produce a 19 per cent rise in property prices last year - a figure well above market expectations.

Tassan cited local statistics, which found the total value of land transactions in Dubai to have risen 70 per cent in 2006, compared to the previous year. This surge in investment has created distinct areas within Dubai and established patches with unique characteristics and serving specific purposes.

“Dubai’s real estate market is not the homogeneous market that it was five years ago,” contends Hagkull. “We very clearly see a differentiation between the older historic areas of Bur Dubai and Deira and the central business district in the World Trade Centre area. Then there’s what is referred to as ‘new Dubai’, which takes in Internet City and the Marina.”

While banking giant HSBC has said it doesn’t expect supply to catch up with demand until 2015, Hagkull says that the 300 per cent rise in property prices seen in the last five years is a phenomenon that’s not likely to be repeated. “We’re seeing a broader trend to a more maturing of the market. Once you’re at a world level, it’s unlikely you’re going to reach twice that level any time soon.”

A formidable force weighing on the tireless expansion of Dubai is the new laws governing the financing of developments, while others predict that the breakneck pace of construction will eventually tip the market into a state of oversupply. Then there is the question of what will happen years down the line when developers have to pay back the loans which, in the wake of the global credit crunch, have been more readily available as borrowing is cheaper.

But Hagkull says much of the answer for the long term lies right here in Dubai, in the form of pent-up demand. “Right now, Dubai is about 25 per cent under-served. It’s only natural that if you have limited space, you put more people in that space. In the long run that has an impact on employee satisfaction in the workplace. So we anticipate a reallocation of space, as people move out of less-than-optimum locations. This will accommodate a significant amount of demand,” he said, adding that it would create a cascading effect, where people leave less optimum, smaller, older and more distant locations and move into the central areas.

Whatever the doom-mongerers say, the overwhelming international interest seen at the International Property Show over the past three days suggests Dubai’s surging real estate market is here to stay and has served as the opening salvo to what is shaping up to be another lucrative year for the emirate’s property sector which, according to research reports, is responsible for up to 50 per cent of all property-related activities in the Gulf.

Article source: www.7days.ae/business

Dubai Investment Park

2008-02-11T13:18:00.000+04:00

Dubai Investment Park (DIP) is a recent, Environment friendly zone located in UAE. Dubai Investment Park delivers all requests for business, residential, recreational development. It covers 3200 hectares area and located approximately nine kilometers Ireland from the Arabian Gulf. It is approximately 3.5 kilometers in width and 9.7 kilometers in length.

The Dubai Investment Park has extremely competitive real estate market in UAE. The Park has a high profile and environment-friendly technology development, which is designed to be a self contained city with diverse land usage and special features. Dubai Investment Park is a moderate business zone spreading in large area of 32 million square meters offering investors a range of quality services. DIP has a wide variety of aim such as manufacturing, office, housing, research, distribution, logistics and academic function.

Dubai Investment Park aim to offer viable prices for entirely developed plots along with No hidden charges. The park has various sized plots for a variety of uses which are vacant for long term use. The park has quality controls to maintain development, water supply network, waste water collection network, treatment and recycling facility.

The Dubai Investment Park representing all features such as pre-built units available for lease along with gate access on site security and full complement of infrastructure. The park has direct access to major UAE freeways to Jebel Ali Port and the proposed second Dubai Airport. Park design control is to maintain the quality of development of the park as well as possible equity participation by Dubai Investment.

The park has world-best Infrastructure includes Domestic water system to supply 19 million gallons per day. Irrigation water system to supply 6 million gallons per day.

Industrial process water system to provide 2 million gallons per day, On-site sewage treatment plant, Private power plant to supply 600mVA, potential daily gas demand of 2.5 million m3 per day, 50,000 telephone lines.

Click on the image to enlarge

The Dubai Investment Park commits facilities like competitive flexible lease rates. The leasing rates depend upon the type of the plot required its size and its location. The park has a wide range of land lease types such as Industrial land lease, Office land lease, Residential land lease, Commercial land lease, Industrial building lease, Office building lease, Commercial building lease. Dubai Investment Park (DIP) delivers all requests for business, residential and recreational development.

Content Source: JCA Consulting

Arabian Ranches

2008-02-10T19:17:00.000+04:00

The Arabian Ranches Dubai offers villas and townhouses in a lovely gated community. Arabian Ranches Dubai is ideal for family life, with community facilities (swimming pools, play areas, tennis courts etc) available to all. Yet within easy commuting distance from Dubai and Jebel Ali.

The Arabian Ranches offers:

Arabian Ranches Golf Club
Village Community Center (with shops etc)
Jumeirah English Speaking School (Primary and Secondary School)
Equestrian Center
Dubai Polo Club
Medical Facilities within Arabian Ranches

Within Arabian Ranches, there are several developments:

Al Mahra Arabian Ranches

Set on the Desert Course, these unique golf homes offer an extraordinary experience in modern living. A traditional Arabic architectural design enhances the feel of pure comfort and style, Al Mahra offers a choice of ten different villa layouts. The distinct use of Mashrabia detail lends them a traditional feel. Neutral whites, placid creams, light tan and sand colors offer harmony with the desert and impart a sense of relaxation. Gypsum decorations, arches, recesses, elegant domes and bright open spaces complete the Arabesque design.

Located within Arabian Ranches, this eclectic community exists in perfect harmony with its golf and equestrian lifestyle. Abundant with shopping centres, restaurants, parks, JESS school, a clubhouse and an equestrian centre, it's designed for those who have a passion for fine living.

As well as high-speed digital technology for Internet, television and voice communication, balconies, terraces and a covered carport for two vehicles, Al Mahra also offers residents round-the-clock maintenance and security.

* A world-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community area that includes shopping, restaurants, mosque, community centres, school and cafe.
* Medical facilities within Arabian Ranches Community
* Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling and cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school - primary and secondary level (UK curriculum)
* 24-hour maintenance
* 24-hour security

Villa Features

* Exceptional finishes, including ceramic tiles thoughout villa and decorative color palettes
* 10' mhigh ceilings in living spaces, 9' high ceilings in principal spaces.
* Kitchens with elegant cabinetry and granite countertops
* All bedrooms with built-in wardrobe
* Ensuite bathroom in master bedroom
* Maid's room, laundry room
* Front garden with covered carport for two vehicles
* State-of-the-art high speed digital technology for internet, television and voice communication
* Arabic design using Arabic ements: Domes, Gypsum Decorations, Arches, Recesses
* Large balconies/terraces

Al Reeem Arabian Ranches

Gazelle (Al Reem) is a 208-acre development that contains three themed independent gated communities (Al Reem 1, 2, 3) that surround an expansive two-level lake. Its design was inspired by the beauty of the desert and the grace of the Arabian Gazelle, and contains luxury freehold townhouses that incorporate elements from traditional Arabic, Spanish, Western and contemporary architecture. It is located on the eastern edge of Arabian Ranches and contains 2, 3 and 4 bedroom two-storey townhouses with sizes between 1,690 and 3,060 square feet.

Within each Gazelle Community, there is a communal pool, tennis courts, basketball courts and parks.

Location: Eastern edge of Arabian Ranches, Townhouses
Unit Type: Two storey single family townhouses
Phases: Al Reem I, II, III
Unit Sizes: 1,690 - 3,060 sqft (2, 3 and 4 Bedrooms)
Completed

The community offers its residents a full range of services on their door step:

* A world-class golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Alma Arabian Ranches

At the very center of the Arabian Ranches community, Alma Townhomes enjoy a privileged location. To one side is the central lake, a haven of calm and on the other is the retail center, a hub of activity. Step out and you’ll find yourself just a short walk away from the golf club. Living here not only means you can have spectacular views of the lake and golf course, but also easy access to everything on offer. Epitomizing the classic Arabian Ranches lifestyle, the townhomes stand in all their splendour, embracing every aspect of their immediate community.

The location of these townhomes at the very heart of Arabian Ranches epitomizes the name Alma, which means inner soul in Spanish. Inspired by the lucid lines of sumptuous Spanish architecture, Alma Townhomes stand in sets of twos and fours, alongside pretty little private gardens. Spread over a stretch of lakeside land, they offer a space that’s in symphony with its surroundings. It’s here that you’ll find a strong sense of community living and a rare chance to be part of the Arabian Ranches lifestyle.

Completion date 2009

As well as high-speed digital technology for Internet, television and voice communication, balconies, terraces and a covered carport for two vehicles, Alma will also offer residents round-the-clock maintenance and security.

* A world-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community area that includes shopping, restaurants, mosque, community centres, school and cafe.
* Medical facilities within Arabian Ranches Community
Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling nd cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school - primary and secondary level (UK curriculum)
* 24-hour maintenance
* 24-hour security

Hattan Arabian Ranches

If such a thing as the quintessential Arabian luxury living exists, Hattan fits the description perfectly. A Fabulous collection of luxurious villas, these are the most sought after homes situated in the most sought after location - on the Desert Golf Course at Arabian Ranches.

With a choice of luxury and executive villa types, these family detached homes offer a fusion of heritage and modernity that both appeal and invite. What lends Hattan homes their distinguished character and style is the use of traditional Arabic architectural design and characteristic elements such as enclosed courtyards open terraces, sand and earthy colours.

Located within the Arabian Ranches, these outstanding luxury villas are in perfect harmony with its golf and equestrian lifestyle. Abundant with shopping centres, restaurants, parks, JESS school, a clubhouse and an equestrian centre, they are homes for the truly discerning.

Luxury comes as standard in the luxurious villas at Hattan, which provide a quality lifestyle to its residents within a tranquil, natural environment. The wide range of amenities offered include:

* A world-class golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership oppurtunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Villa Features

* Well-lit spacious rooms
* Marble-style flooring in the living areas and staircases
* Marble walls and flooring in the master bath
* High quality kitchen cabinets
* High quality built-in kitchen appliances
* 9-foot ceilings
* High speed visual technology for internet, television and communication

Mirrador La Coleccion Arabian Ranches

Viva ello encima! When it comes to the art of fine living, nothing quite matches Spanish style and expression. Mirador, at the Arabian Ranches, captures the very essence of Spanish ease.

Built with families in mind, each detached villa is nestled in its own secluded space. But there's a community feel too, enhanced by the common Spanish architectural features. Positioned right on The Desert Course, some of these homes have truly spectacular views of the golf course. Here, you'll create your own niche in a setting where golf, polo and equestrian lifestyles.

Location: between Desert Course and Gazelle
Project Type: Spanish styled single family villas
Unit Type: Two story single family villas
Unit Sizes: 3,458 – 6,911 sqft
Completed

La Colección:
A special collection of golf homes that embodies the best of Mirador architecture and style and introduces new unique villa types.

Project Type: Spanish styled single family villas
Unit Type: 2 story detached single family villas
Completion date: end 2007 / begining 2007

The community of Arabian Ranches offers its residents a full range of services on their door step:

* A world-class golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Palmera Arabian Ranches

Imagination. Innovation. Distinction. These are all attributes that spring to mind when describing Palmera - the unique Spanish style cluster homes at Arabian Ranches. Each of these single-family attached villas is distinctly different from the other. Yet they are secure within their clusters, which lend a feel of community living.

The picturesque streetscape makes for an exquisite visual treat, while the tranquil surroundings contribute to a sense of calm and quiet. Inspired by Spanish Architectural Design with characteristics such as pitched roofs and rich, warm, earth colours, these homes have endearing style.Envisioned within the Arabian Ranches, this truly original community is designed for those looking for homes with character. It also exists in perfect harmony with the golf and equestrian lifestyle focus of Arabian Ranches and offers a serene setting.

* World-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community centre that includes shopping, dining restaurants, mosque, Medical Facilities,school and cafe
* Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling and cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school
* 24-hour maintenance
* 24-hour security

Villa Features

* Exceptional finishes, including ceramic tiles throughout villa and decorative colour palettes
* 10 feet high ceilings in living spaces, 9 feet high ceilings in principal spaces
* Kitchens with elegant cabinetry and granite countertops
* All bedrooms with built-in wardrobes
* Ensuite bathroom in master bedroom
* Maid's room, laundry room or store room
* Front garden with covered carport for two vehicles
* State-of-the-art high-speed digital technology for Internet, television and voice communication
* Pitched colourful roofs, Spanish style decorative elements fireplaces with chimneys
* Colourful special exterior paint for each villa
* Large balconies/terraces

Saheel Arabian Ranches

Comprising of one and two-storey contemporary style villas, Saheel homes are available in 9 unit types ranging from 3,166 to 5,308 sq ft. and three and five bedrooms. Primed on generous plots, Saheel offers homeowners an opportunity to be part of the unique desert paradise that Arabian Ranches has to offer.

Saheel was one of the first districts in the Arabian Ranches development and some villas offer direct views of the Desert Course, an 18-hole championship course designed by Ian Baker-Finch and Nicklaus Design as well a variety of ‘green’ experiences with parks and secondary streetscapes.

The Saheel community has its own unique atmosphere. Every effort has been made to create an environment where residents’ can enjoy a unique and satisfying outdoor lifestyle.

As well as high-speed digital technology for Internet, television and voice communication, balconies, terraces and a covered carport for two vehicles, Saheel also offers residents round-the-clock maintenance and security.

* A world-class golf course: The Desert Golf Course, designed by Ian Baker Finch/Nicklaus Design
* An equestrian centre with two polo fields, show jumping arenas, boarding facilities for horses and riding trails
* A community area that includes shopping, restaurants, mosque, community centres, school and cafe.
* Medical facilities within Arabian Ranches Community
* Gated community
* Plenty of open spaces in the form of parks
* Comfortable, pleasant and safe streetscapes, ideal for strolling and cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course
* Membership opportunities at the equestrian centre
* Neighbourhood centre with swimming pool and children's play area
* Proximity to the town centre
* JESS school - primary and secondary level (UK curriculum)
* 24-hour maintenance
* 24-hour security

Savannah Arabian Ranches

Emaar's gated golfing and equestrian development Savannah affords the grandeur of a high-quality lifestyle. Over 200 luxurious villas are spread over an expanse of 79 acres. Contributing to the Savannah lifestyle are a world-class equestrian and polo grounds, a network of man-made lakes, golf and a health spa. One of the Middle East's finest golf courses designed by Ian Baker Finch and Nicklaus Design is now open and challenges visitors over its par-72 desert 7,698-yard length.

Project Type: Single family detached homes
Unit Type: Detached Single Family Villas
Unit Sizes: 3,216 - 6,185 sqft.
Completed

As part of the Arabian Ranches 'lifestyle'community key features include:

* A world-calss golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership opportunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Villa Features

* Exceptional finishes, including ceramic tiles thoughout villa and decorative color palettes
* 10' high ceilings in living spaces, 9' high ceilings in principal spaces.
* Kitchens with elegant cabinetry and granite countertops
* All bedrooms with built-in wardrobes
* Ensuite bathroom in master bedroom
* Maid's room, laundry room
* Front garden with covered carport for two vehicles
* State-of-the-art high speed digital technology for internet, television and voice communication
* Fireplace
* Contemporary Design

Terra Nova Arabian Ranches

Set on the Desert Golf Course, a villa in Terra Nova offers the highest standards in modern living. They personify the grace and comfort, the sense of family protection, and status associated with the Santa Fe Style.Rich in color, with contemporary yet traditional Adobe style architecture, these distinctive homes offer a design that is born from a fascinating history that blends with the desert. High ceilings and bright open spaces create a style like no other.

Located within the Arabian Ranches, this eclectic community exists in perfect harmony with its golf and equestrian lifestyle. Abundant with shopping centres, restaurants, parks, JESS school, a clubhouse and an equestrian centre, it is designed to enrich daily life.

* A world-calss golf course: the Desert Golf Course, designed by Ian baker-Finch / Nicklaus design
* An equestrian centre with two polo fields, showjumping arena and boarding facilities for horses
* Nearby town centre includes convenience stores, fine dining restaurants, a mosque and school
* Gated community
* 24-hour security and maintenance
* Plenty of open spaces in the form of parks
* Pleasant streets are ideal for strolling or cycling
* Private gardens enclosed by boundary walls
* Membership oppurtunities at the golf course and equestrian centre
* Local neighbourhood centres for residents with swimming pools and children's play areas
* Jumierah English-Speaking School (JESS) offers first-rate primary and secondary education based on British curriculum

Alvorada Arabian Ranches

Inspired by Portuguese architecture, Alvorada villas exude a friendly and relaxed charm. From the arched windows and doorways to the rounded walls, Alvorada homes are elegantly proportioned and well-suited to the climate. The russet terracotta roofs, decorative turrets and other ornamental flourishes hint at their Portuguese pedigree. Interior plans offer a choice of three to five bedrooms. All designs feature generous living space, along with balconies and terraces for a comfortable al fresco lifestyle. Greenery and tranquil surroundings add to the appeal of an enchanting residence.

Location: set between Palmera and La Coleccion communities
Project Type: Portuguese influenced single family villas
Unit Type: Two story, 3-5 bedroom, single family villas
Unit Sizes: 3,566 - 4,844 sqft
Completion Date: December 2008

Arabian Ranches is located on the Emirates Road within Dubai, within easy commuting distance of all areas of Dubai, Jebel Ali, Abu Dhabi and Al Ain.

Acacia Avenues

2008-02-06T09:22:00.000+04:00

Acacia Avenues typifies the Abyaar approach. Located close to the beaches of Jumeirah with ease of access to some of the world’s most luxurious hotels, Acacia Avenues is a commitment to quality as yet unseen in Dubai. With outstanding access to the media business parks, the development is a fully integrated urban centre of ultra-sophisticated design.

Minimalistic yet feature-filled in makeup, the villas and apartments of Acacia Avenues herald the arrival of contemporary urban living in Dubai. Inspired by chic, landscaped urban spaces, the architecture combines contemporary modes with regional cues to create a definitive living environment. Landscaped gardens lead to retail and leisure centres, restaurants and cafes.

Discreet, private and privileged – Acacia Avenues is meticulously maintained, assuring exclusivity in an environment permeated by contemporary Italian design and sensibility. Acacia Avenues features a luxurious residents only health club. Fully equipped with aerobic and cardio-vascular equipment, swimming pools, tennis courts and play areas, the club is a convenient attribute for busy lifestyles. A café and several small amenity shops will provide day to day provisions and the pedestrian friendly avenues are ideal for jogging and short bicycle rides.

Location

Acacia Avenues is truly in the middle of everywhere. It provides easy access to some of Dubai’s best beaches; the thriving business hubs of Media and Internet Cities; world-class education at Knowledge Village; and superb shopping and entertainment at the massive Mall of Emirates. With Sheikh Zayed Road and one of the stations for the new Dubai Metro nearby, Acacia Avenue is very well place whether you want to use your own vehicle or utilize the new public transportation system.

Master Plan

Designed as a first-class gated community, with pedestrian access throughout, Acacia Avenues will feature premium facilities including a luxurious health club, swimming pool, spa, squash courts, children’s play area and coffee shops.

It will offer high quality, discreet and privileged accommodation options, with 24 hors security, as well as retail and restaurant facilities available to the public.

Five star hotel services include 24 hour room service, concierge and pre-concierge services, transportation, chef and butler options that will complement the build integrity to provide a truly superior living experience that heralds the arrival of contemporary urban living in Dubai.

Lifestyle

Experience light filled minimalism

Light permeates every aspect of and Acacia Avenues home. Designed to benefit from Dubai’s exceptionally sunny climate, the apartments, townhouses and luxury villas radiate a sense of spaciousness. Straight lines, asymmetrical design and ingenious spatial planning create residences of unrivalled interior style. Outside, the communal exteriors are similarly lineal. Floor-to-ceiling windows cleverly merge the outdoor and indoor living areas to produce an even greater feeling of openness.

Clubhouse

A private community with luxurious facilities

Discreet and privileged, Acacia Avenues features a luxurious health club and a range of other first class sporting, retail and recreational facilities that will quickly become part of your daily lifestyle.

With lavishly equipped gymnasiums, swimming pools, tennis courts and play areas, the health club is the perfect complement for busy lifestyles. After strolling or jogging along the pedestrian-friendly avenues; swimming in the pool; relaxing in the Jacuzzi or spa; working out at the fitness centre or squash courts, you can choose whether to dine simply at the poolside snack bar or lobby café; or make it a night to remember in a fine dining restaurant.

Acacia Avenues will have 2 high rise towers which is 38-storey Olgana Tower and the 45-storey residential and serviced apartment Hilliana tower, 5 low rise buildings and 50 luxurious villas - Decora, Wanya and Fulva.

Completion Date will be End of 2010

Strata Law No 27

2008-01-25T09:26:00.000+04:00

Here is what I read about the Strata Law N027 that will clear issues of property ownership.

What does the new jointly owned property law cover?

It includes the mechanism to transfer ownership of a property from a developer and the framework for setting up owners’ associations. The law covers the material, financial and social ownership, as each is related to the others. It helps to define the parts of a building that will be owned by an individual and those that will be under general ownership. The Dubai Lands Department will establish a mechanism to deal with disputes.

What is a jointly owned property?

This is whole or part of a building or land, or both, divided into units intended for separate ownership where parts of such a building or land have been designated as common areas.

What is a property unit?

Any flat, floor, plot of land or villa, connected or not connected to another house, that is part of a jointly owned property.

Who is the owner?

The person who is registered as the owner of a unit in the Lands Department’s register. This would include someone with a long-term lease or a limited-period usufruct (a legal right to use and make a profit from a property belonging to someone else) agreement and the master developer or the sub-developer in respect of unsold units.

What is the building management statement?

A document complying with relevant regulations that is recorded on the register and sets out arrangements for maintenance and cost-sharing relating to common areas and facilities, and including equipment and services in any part of a building that is subject to this law.

What is an owners’ association?

An organisation formed upon the registration of the first sale of a unit in a jointly owned property. The owners of all the flats in a freehold building or villas in a compound will select members to represent them in the owners’ association.

How will the Dubai Lands Department register disposal of these properties?

The department will prepare and maintain special registers of jointly owned properties and their unit owners and issue title deeds. It will regulate the sale or mortgage of jointly owned properties and the registration of long-term lease contracts and usufruct rights. Access to the registers shall be provided to all concerned parties.

Does the law cover car parks in jointly owned properties?

Yes, parking areas are included in the registered site plans at the Lands Department, which show units and their communal parts such as watchman rooms, recreational facilities and equipment, swimming pools, gardens, storage facilities and areas designated for use by the owners’ association or whoever the body assigns or contracts to manage the property.

Is an owner allowed to alter the structure or external appearance of a unit?

A unit owner may not make any alterations or modifications to the structure of his unit or any part of the jointly owned property that would materially affect the unit or property or its external appearance. A unit owner who contravenes any of these provisions shall be liable to repair the resulting damage at his own expense and in the manner requested by the owners’ association. If the owner fails to comply with this requirement, the association shall repair the damage and recover the costs from the owner.

Can the association delegate the running of a building to another company?

The association is responsible for the management, operation and maintenance of the common areas and must obtain an appropriate licence from the department for this purpose. The association may delegate all or some of its powers to a person or company it appoints at such remuneration and on such terms as agreed by the parties.

Each unit owner shall pay the owners’ association his share of the annual service fee to cover the costs of management, operation, maintenance and repair of the common areas. Such fees must be calculated in relation to the space of the unit out of the total space of the property. The master or sub-developer shall pay his share of the fee in respect of unsold units.

How is a jointly owned property insured?

An owners’ association must maintain comprehensive insurance to cover the repair or replacement value of the property in the event of its destruction by any cause. The association will be the beneficiary of the insurance. The association must arrange insurance against liability for damage to property or bodily injury to owners and occupiers. The insurance premiums payable by each unit owner will be covered by the annual service fees paid to the association.

What happens if a property collapses?

Usually the owners of the flats will have fractional ownership of the land and will also receive the insurance payout. However, in some cases where the land is owned by the master developer the owners will receive only the insurance money.

No transfer fee on resale of property

2008-01-21T09:38:00.000+04:00

Buyers in the secondary property market do not have to pay a transfer fee to developers, a senior official has confirmed.

They only need to have their sales title registered with Dubai’s Lands Department, he said, in an effort to remove confusion over transfer procedures.

Some developers have wrongly been charging a fee to transfer a property from the current owner to a new one. Typically this charge was one to three per cent of the original developer’s price.

“There is no need to pay any transfer fee to master developers or sub-developers for secondary sales,” said Mohammed Sultan Thani, the department’s director of development and marketing administration. “All the parties need to do is come and register their sales titles with us. There is still ignorance among people – they think it takes a long time to complete all the formalities.

“All they have to bring is a no-objection certificate from the developer, which costs Dh500. They then pay a one per cent transfer fee to the department.”

Registration of properties provided by the government or purchased through the private housing programme are exempt from the fees.

In a separate development, Dubai’s Real Estate Regulatory Agency (Rera) has awarded the first registration licence to Strategic Marketing and Exhibitions, organisers of the International Property Show 2008. The event is due to be held from February 17 to 19.

The certificate will ensure transactions within the property show will be conducted according to rules set by the agency. “All real estate events at which properties are sold will have to obtain permission from us this year,” said Rera CEO Marwan bin Ghallaita.

“Our aim is to implement a sustained effort to organise, improve and develop the emirate’s property market. As a first step we advise all investors to avoid signing agreements with any developer, broker, or property insurance firms until they see proof that the company is registered with Rera.”

Developers will submit standard agreement forms. They must disclose buyer information, the details and cost of the property being purchased, the mortgage plan and updates on changes of ownership. These details will be held on a secure database and will be used to regulate the market.

Article Source: business24-7.ae

Business Bay

2008-01-16T14:54:00.000+04:00

Envisioned to make UAE a global commercial and business centre, the Business Bay is a new city within the city of Dubai and is created as a commercial and business cluster along the new extension of the famous Dubai Creek extending from Ras Al Khor to Sheikh Zayed Road. Developed and managed by Dubai Properties, a member of Dubai Holding, Business Bay is a central business district in Downtown Dubai, featuring numerous skyscrapers located in an area where the Dubai Creek has been extended. The Business Bay comprises of 230 buildings, attracting commercial and residential developments including the Burj Dubai.

Dubai's Business Bay is similar in nature to Manhattan or Ginza, which are the business centers for the cities of New York and Tokyo. The legendary Dubai Creek - an important aspect of Dubai's trading past that have shaped Dubai from a fishing and pearl diving center to international port; has been extended considering its significance as a trade centre that harbors the stance of Dubai as the business hub of the region. Business Bay is a symbol of Dubai's progress as it embodies the crucial role the Creek played in Dubai's past as well its future.

The past few years have seen ambitious initiatives such as Dubai Internet City, Dubai Media City, Dubai International Financial Center and others. Business Bay is the cornerstone of the new economic push to extend the international role of the UAE. It was undertaken after extensive studies by some of the world's top consultancies, and reflects the ambitious vision of Dubai and the role that the UAE is looking forward to play as a leading international commercial and business centre.

Business Bay is all set to fulfill the growth needs in medium to long term. Besides the growing demand of the local economy -- which is projected to achieve an average growth of 5-9% annually over the next few years -- the UAE is attracting increasing foreign investment. Hundreds of companies ares setting up offices in Dubai every month and an increasing number of regional and international companies are working from the country. All this is creating a huge growth in demand that can not be fulfilled by existing projects. That is why Business Bay has been launched to cater to the needs of business, retail and commercial industry. It also features fascinating canals to add to the magnificence of the project, attracting regional and international business ventures and multinationals.

Life at Business Bay starts at the luxurious residential towers, designed to the highest standards and offering a lifestyle unimagined. From superb architectural style of each apartment to the breathtaking views just outside, life at Business Bay is intended for people that seek luxury in a vibrant community. Business Bay offers a successful lifestyle equipped with every amenity you need to make living a real pleasure. The residences and commercial enterprises at Business Bay features high-tech working spaces, comfortable and luxurious residential units and modern facilities and amenities. The Courtyard at Business is the center of communal activities, providing play areas, arcades and landscaped plazas. The Courtyard combines contemporary architectural themes with exclusive amenities, while the Podium is a unique feature that links the residential towers and provides covered walkways, fountains and pedestrian-friendly paths.

Business Bay is located off Dubai Creek and extends from Ras Al Khor to Sheik Zayed Road. Business Bay is ideally located for international trade as one end of the development touches Sheik Zayed Road with its office towers housing international firms and the financial institutions of the Dubai International Financial Center ( DIFC ). International hotels such as the Emirates Towers and Shangri-La are also on SZR. On the Creek side, Business Bay is neighbored by Dubai Festival Centre ( DFC ), a retail and leisure development, as well as being close to Dubai International Airport.

Jumeirah Lake Towers

2008-01-04T14:47:00.000+04:00

Jumeirah Lake Towers project was launched at the end of 2002 by Nakheel. In 2006, JLT was taken over by DMCCA ( Dubai Multi Commodities Centre Authority - master developer and owner of JLT ).

Located directly alongside Sheidk Zayed Road, adjacent to The Meadows. JLT has an area of 1.35 million sq.ft with 4 man made lakes namely Almas East, Almas West, Elucio and Allure with an area of 381,000 sq.ft which will be completely filled by September 2008.

A total of 87 towers stand tall in this prestigious project that will become of the Dubai's most recognized addresses, where property investors have been given the opportunity to own and develop towers on a freehold basis.

79 towers are clustered in groups of three and will be surrounded by four calming lakes, beautifully landscaped gardens and unique waterways.

Jumeirah Lake Towers has been planned as a community where people can live and work with equal comfort and tranquility. The waterfront promenade will allow for outdoors cafe's and restaurant, for use by day and night. Community retail, in attached and detached format, will allow for all the basics to be available at close quarters.

Squares and garden between the clusters create connectivity between the larger districts of the community. People living and working within Jumeirah Lake Towers will have a wide range of facilities within reach with quiet community areas with benches, cafe terraces and shaded walkways.

Additional features include pavements fountains, lake fountains, gardens adjacent to avenues, groves of trees, desert gardens and bespoke sculptural features lending to both small scale internal interest as well as contributing to expansive views.

Day care centers and children's play areas have been visualized as part of the community. Children will be allowed to use electronic remote control boats in controlled areas of the lake along with enjoying activities such as cycling, walking and even roller-skating.

In addition to the community facilities, each tower shall cater to the needs of its tenants with facilities such as gymnasiums, saunas, swimming pools, conference centres, high speed elevators, state of the art security systems.

A number of good schools currently exist near Jumeirah Lake Towers, including Delhi Private Schools ( Gardens ), Winchester ( Gardens ), Dubai International Academy ( Emirates Hills ), Jumeirah English Speaking School ( Arabian Ranches ), Emirates International School in Meadows ( On Meadows Drive, between Meadows 4 and Springs 1 ), Dubai British School ( Junction of Meadows and Springs Drive ), Regent School ( adjacent to The Greens ).

The closest hospital is the Jebel Ali Hospital ( in Jebel Ali Village ) with Welcare Ambulatory Centre aslo within a 10 minute drive. There is a plan for new hospital to be constructed near the community. The distance from the airport is 30 kms and Jumeirah Lake Towers is just 25 kms. from the center of the city.

Completion is expected December 2008 and early 2010 for the 8 towers of JLT embankment.

Dubai Marina

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The vision of Dubai Marina is to create an awe-inspiring city-within-a city that delights residents with its cosmopolitan, free-spirited atmosphere and unique, invigorating lifestyle. It will be an urban centre on the water, comparable to the most exclusive waterfront developments in the world's leading cities. Ideally positioned along Dubai's new growth corridor, Dubai Marina will be the place where people meet, laugh, live and enjoy life to the full. Always alive, with the glittering Marina at its heart, Dubai Marina will be unlike any other place, in Dubai, the Middle East and even the world.

Location

This man-made marina is strategically located near Interchange 5 on Sheikh Zayed Road close to Dubai's well-known landmarks like the Dubai Internet City, The American University of Dubai and the Emirates Golf Club.

Marina living has become one of the most desirable and sought-after lifestyles in the world. Now you can enjoy it all, right here in Dubai. The exclusivity, the status and the rewards of waterfront living are awaiting you at Dubai Marina. One of the world’s largest, most meticulously planned waterfront developments, Dubai Marina offers you the exhilaration and vibrancy of a chic, urban lifestyle together with all the advantages of owning a home on the water. Unobstructed views across the marina, fresh sea breezes and the experience of a lifestyle most people can only dream about.

There is no place like Dubai Marina. The ultimate in urban lifestyle blends perfectly with the splendour of a true marina. Dubai Marina is at the centre of Dubai’s new, fast paced business hub. The marina’s neighbours include Dubai Internet City where the world’s leading corporations explore the new frontiers of cyberspace, Dubai Media City, where the region’s news and other communication professionals have made their home, the renowned American University in Dubai, as well as, the forward-thinking Knowledge Village. Dubai Marina is also conveniently close to Emaar Business Park and Jebel Ali Free Zone. Journalists, students and captains of industry can often be found soaking up the unique atmosphere at the Marina or meeting for lunch at one of the waterfront restaurants.

Dubai Marina was created for you to be able to come alive. It is a life less ordinary. There are a multitude of experiences at Dubai Marina. The promenade with its cosmopolitan restaurants and boardwalk creates a dynamic area linking the towers, gardens and waterfront to create a truly captivating environment. From fishing, jogging, yachting,energetic water sports, fine dining to socialising with your neighbour, the atmosphere is warm, invigorating and always inviting.

Live your dream! Watch your boat gently heave with the movement of the marina from the warmth of your apartment or villa. With 700 berths you can turn your dreams into reality. With a full range of services, ranging from dockmasters, loading assistance to cleaning and repairs, you will always be ready to explore the Arabian Gulf, at your leisure. Dubai Marina is the ideal home for you and your boat.

Dubai Marina is alive! A vibrant community, where everyday is filled with life. The wide range of new restaurants caters for every taste. Enjoy a night out at the American 50’s diner, or tantalise your taste buds with Thai fusion, contemporary Indian or funky sushi. In true marina tradition sit back and relax while the delights of the Mediterranean are served at the Mediterranean restaurant and envelope your self with the region at the traditional Persian dining experience. Your dining experience just wouldn’t be complete though without simply sitting back and relaxing while you slowly sip a coffee or tea at the coffee bar.

Completion Date: Mid 2009

Palm Jumeirah

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Launched in 2001, The Palm Jumeirah is the icon that captivated the world’s attention. The first chapter of The Palm Trilogy, The Palm Jumeirah is known as the eight wonder of the world. Helping solve Dubai’s beach shortage, the island has doubled Dubai’s existing coastline and will also double the number of beachfront hotels in the city. Along with world class residences and hotels, the island features unprecedented retail, exceptional leisure and premier entertainment options. It is expected to welcome 20,000 visitors a day. A monorail, the first of its kind in the region, will transport passengers conveniently to a variety of island locations. Fast becoming a reality, The Palm Jumeirah is Dubai’s celebrated landmark and international attraction.

The Crescent

The Crescent is 12 kilometres long and surrounds the island, acting as a breakwater. This breakwater has been designed by international specialists and is able to withstand a four-metre wave. The Crescent on Palm Jumeirah will be one of the most desirable hoiday destinations in the world featuring 22 boutique hotels, each with its own theme.

The Crown

The Crown of the Palm consists of seventeen fronds. Each of the fronds provides residents a fabulous beachfront home in private surroundings. Buyers can choose from a wide range of different styled themed properties, ensuring that this is truly their dream home.

Signature Villas are on the 'fronds' of The Palm, providing the ultimate exclusive and luxury residence in a secure environment. These six or seven-bedroom homes have large private swimming pools and private beaches. The properties are finished to the highest standards and are offered with a choice of the following themes:

European
Mediterranean
Arabic
Contemporary

Garden Villas are available as three, four and five-bedroom properties. Each property features a fabulous private pool and stunning water views. These homes offer residents between 5,000 and 6,000 square feet of living space. The Garden Villas on Palm Jumeirah are fitted with the finest fixtures and are available with Mediterranean and Arabic themes.

Town houses offer owners 4,100 square feet of living accommodation in three and four-bedroom properties. Each of the Townhouses on Palm Jumeirah has the added benefit of shared swimming pools and private communal beach areas. As with all of the properties on this development they are finished to the highest standards.

The Trunk

The Trunk of the Palm will be home to some of the most luxurious apartments in the Dubai property market. At nearly half a kilometer wide, it will act as the central point of the palm Jumeirah with theme parks, marinas, shopping malls and restaurants. It will also feature a monorail system for the convenience of residents and guests.

Shoreline apartments are located on the right hand side of the trunk of the Palm. Sea-facing and canal-facing apartments ranging from 1 bedroom up to 4 bedroom penthouses are available. Each Shoreline Apartment has access to private swimming pools, modern gyms and children's playgrounds.

The Golden Mile Residences will comprise of 10 waterfront buildings, these will range from 1 bedroom apartments to penthouses and town homes. Together there will be a total of approximately 780 apartments which will afford residents exceptional services and views.

Completion Date: Completed ( 2006 )

Dubai real estate developments

2008-01-02T10:18:00.000+04:00

I decided to create this blog to give information about the fast growing Dubai real estate projects and at the same time help those people who wants to sell, buy, rent or invest in real estate properties in Dubai.

The following are list of some of the completed, ongoing and new Dubai real estate developments:

Acacia Avenues

Al Ameera Village
Al Reef Villas
Al Reem Island
Al Salam City
Arabian Ranches
Business Bay
City of Arabia
DIFC
Discovery Gardens
Downtown Burj Dubai
Dubai Festival City
Dubai Investment Park
Dubai Marina
Dubai Maritime City
Dubai Silicon Oasis
Dubai Sports City
Dubai Waterfront
Dubailand
Emirates Hills
Green Community
IMPZ
International City
Jumeirah Beach Residence
Jumeirah Heights
Jumeirah Islands
Jumeirah Lake Towers
Jumeirah Park
Jumeirah Village
Palm Deira
Palm Jebel Ali
Palm Jumeirah
The Greens
The Lakes
The Meadows
The Springs
The Views
The World
Umm Al Quwain Marina
Uptown Mirdiff
White Bay

Buying, selling, renting or investing in Dubai real estate for both commercial and residential properties will soon be easy by visiting this blog.

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