Category: Real Estate

Best real estate projects in Dubai Now

Dubai Third construction boom or what is known in Dubai 3 is witnessing emergence projects cities and residential neighborhoods and integrated business is expected to contribute strongly to the urban identity of for Emirate of Dubai. And these projects are characterized by monitoring the economic Manifesto distinction architectural designs as well as the power development companies behind them, mostly state-owned companies or quasi-governmental organizations.

The diversity of lifestyles offered by the draft new cities and neighborhoods in Dubai, which is expected to be completed in stages until 2020 the date on which it is the global organization of the event (Expo), which is competing for the hosted by strongly Emirates.

The whole observers to 16 real estate projects only in Dubai deserve to bear a label (city) due to the integrity of the infrastructure in and package its service, unlike the concept of villages that works most of the population in the same profession or in occupations that have to do (for example, agriculture and related from grazing and livestock trade, and others) and the urban population depends on various activities in their living and a high incidence of trade and services. And often practiced various economic activities such as trade, industry and crafts, construction and specialized professions. Monitoring this list of the best cities and neighborhoods projects new real estate in the emirate.

1- Mohammed bin Rashid City : launched by His Highness Vice President and Prime Minister and Ruler of Dubai in the framework of the project Dubai 3 to attract the world’s economic and tourism and includes 4 specialized areas of creativity, innovation and entrepreneurship, the largest shopping mall in the world and the project partnership between Dubai Holding and Emaar.

2- Expo 2020 City : an integrated city project under study and design of the most prominent plans to host Emirates (Expo 2020) and is expected to cost between 2 to 4 billion dollars and is located in the commercial center of Dubai’s Jebel Ali and inspired by the determination of the Arab markets traditional and contemporary.

3- District of Dubai Design: launched by Vice-President and Prime Minister and Ruler of Dubai and the evolution of Tecom on an area of 20 million square feet, including 6 million for Phase 1 (costing AED 4 billion) allocated them million square feet of offices, hotels 4 and 5 star hotels, apartments and center events, conferences and galleries and universities accomplish the beginning of 2015.

4- Dubai Maritime City: Peninsula, a 227-hectare area includes works spanning 121 hectares, at a cost of 2.5 billion AED, the area includes a maritime center, harbor offices and housing, in addition to the marina, the headquarters of the marine science and technology, specialized navigational and hotels.

5- Dubai Studio City: Spread over an area of 22 million square feet and include 18 studio and boutique area filming outer covering 3 million square feet of commercial offices and studios, a business center and studios dedicated to post-production operations. The total investment in infrastructure around 1.4 billion AED, which is in 3 stages.

6- Dubailand City : one of the largest projects the emirate on dozens of hectares and includes 45 projects mostly a cities most notably the cities being developed by Dubai Properties Group and Falcon City of Wonders and the City of Arabia and Casa developed by Emaar and the Motor City and developed Union Properties, prairies and Merkel Garden and Legends housing being developed by Tanmiyat.

7- District One: A prominent neighborhoods City project Mohammed bin Rashid evolution of the field and Sabha on an area of 50 million square feet and will hopefully be completed in 2018 and has the longest walkway and the largest lake in the world as well as 1,500 villas and lakes with water fountains and fireworks and lighting Player. The total project cost 21 billion AED.

8- City of Love: crown Arabia: one projects Falcon City of Wonders and cost around 5 billion AED and simulates the Taj Mahal urban but it is four times greater than and includes hotel and tourist facilities and entertainment.

9- Jewel of the Creek neighborhood: the Dubai World development of the property, a real estate project residential and commercial tourist on the banks of the Dubai Creek consists of about 20 buildings heights ranging from 20

And 23 storeys. Total construction area of 6.7 million square feet. Over an area of 1.3 million square feet.

10- Dubai Sports City: One of the most important cities in the emirate projects on an area of 50 million square feet and includes dozens of venues that accommodate tens of thousands of followers of the various sports also includes residential and commercial towers and specialized academies as well as the canal.

July 28, 2013
3 elements promote decision to buy a property in Dubai

Dubai became today a destination for capital Arab and Western Also, it is a favorite destination of many new investors, stressing that Dubai is a fertile land for investment, as the city began to give capital great facilities in order to attract more business, but this began to strong demand on the property, whichBritish drug-like in terms of purchasing power.

Experts believe that the increasing demand for purchase of real estate by the end user in the UAE caused by 3 major factors make sure the moment decision to buy the property, and summarized the key factors to feel safe and secure, and the enjoyment of stable career that can continue to make payments Mortgage, as well as the reason a third conviction the feasibility of investing in Real Estate the country in which the facts proved that they are among the highest in the world.

Be there remain other factors pushing for making an investment decision and buy the property, but their effects are limited to a slice of end-users, each according to his tastes and desires, and summarized these factors in a manner of living that provided property in the context of the region inhabited by, as well as product quality real estate in terms of construction and terminations Or so-called finishes.

reasons and reasons

Lim Bailey, head of research projects in residential index Knight Frank British world said that wealthy people are seeking options available to them, particularly the purchase of real estate and invest their wealth, but a variety of reasons can form three control their decisions final and foremost to have the property in a safe and stable politically and economically .

He added that comparing the performance of real estate in strong markets and developed countries to those in emerging markets or emerging revolved around one result is that drugs emerging markets were not able to compete with their counterparts in strong markets advanced and prestigious because of the lifestyle in the developed countries and the advantages of education and health care, but the picture today changed in favor of Real Estate emerging markets, especially since the ancient markets fall under the economic crisis and austerity plans and prospects drowning in sovereign debt maturities, particularly in the euro area, more than competitive emerging markets.

Trends

Paints Craig Blmb head of research at Jones Lang LaSalle Middle East, another trend for real estate investment in the region in general and the UAE in particular, and called it “homes real for real people” and says that 60% of the housing stock and most luxurious was the target of speculators in the years following the real estate boom in Dubai . He adds however that the market re-prioritize and nature drives prices since 2010 on his way to meet the growing needs of end-users in the middle category of the UAE’s real estate sector. And a closer look at the results of the market in the first half of 2013 be enough to confirm that.

Government spending

Indy White albeit director of the exhibition Big Five However, in an interview for «statement» pointed out that the monitoring of the construction sector appear on the explicit direction of the private sector to any kind of real estate Snstqublha in the coming years and targeting as well as monitor trends government spending on projects infrastructure that contribute to the increase of the value of these real estate projects.

White believes that the real estate industry throwing its weight to provide products described Balabdaih the service orientations region the point of the implementation of sustainable real estate projects. He said that is expected to exceed spending on construction activities $ 75 billion (AED 276 billion) during the current year in the UAE. He pointed out that Dubai’s share of those cake construction nearing 40% and the equivalent of about 110 billion dirhams.

White pointed out that this year the most challenging yet, while the economies of the Middle East and Asian economies have the force and rigidity, the economic situation in Europe increases the darker the real estate scene in the markets for long enjoyed attractive for real estate investors.

Opportunities

See Alan Robertson, Chief Executive Officer, “Jones Lang LaSalle” strong indications of the growing investment opportunities in the real estate market, and explained that returns rewarding economic activities inherent in the channel of real estate investment is concentrated in the real estate unfinished quality characteristics, which enjoy the services of maintenance of competing with the rest of the projects.

Tips

Better adoption of real estate investors for investment strategies medium to long term, in addition to site selection good and in-depth study and detailed information about the economy of the country who wishes to investor entry and its market real estate particularly in relation to the expectations of population growth and the rate of GDP growth and investment returns and rent.

Dubai real estate London compete in quality and price

Enjoy the UAE, which mediates three continents Asia, Europe and Africa, set enormous advantages most notably the consolidation of its global safe haven for investors and the investment climate superior package of facilities is unprecedented as well as the infrastructure the most advanced at the global level and providing a lifestyle unique to residents there and in the forefront of security and safety.

Popular

Says global research institution, The Emirates increasingly popular with wealthy countries of Africa and Asia who wish to purchase Luxury Real Estate. She said in a recent study that trends change compass wealthy world attention towards the Real Estate UAE in general and Dubai in particular were not what it is in the nineties of the last century.

The report of Knight Frank International Foundation, which monitors the movement of prices of luxury real estate in the world, that economic development and hops massive development witnessed by the UAE has made its real estate market attractive fruit of the rich and affluent of different nationalities.

According to the report were the luxury real estate in the UAE in fourth place after Britain, France and America in the hierarchy of choices rich continent of Africa and Asia the most preferred locations for buying homes for investment purposes or holidays.

House prices are still in Dubai less than their counterparts in London by about 25% to 30%, with the difference in construction quality for the benefit of Dubai real estate. While observers believe that Dubai real estate is less expensive than London real estate by about 50% and there is no data confirm this figure, but certainly according to observers is to start this gap Baltazaad with low house prices in London at the moment on the back of the repercussions of the global crisis on the one hand and activation code British taxes on the other. (28% tax on real estate).

Experts say: it is illogical to imagine the sale of real estate at discounted prices on global average prices in the commercial capital of the Middle East during the period of the oil boom. This is still happening now, where the standard is for completed properties. For example, measure the price of villas in any real estate project in Dubai and will be a surprise that the price per square foot where about $ 300 less than any similar property in any suburb of London with a note that the amount will double in the city center.

It is not new that leads the British advanced ranks in the list of foreign property owners after of similar ranks in the list of most foreign tourists in the city. Maybe this is the first time that excludes the British landlords of Indian citizenship in the list of foreign property owners in Dubai. But the new may lie in the expectations of observers that talk about a strong possibility to increase the number of owners coming from the United Kingdom and in an unprecedented way during the second half of 2013 up on the back of several reasons.

Reasons

These reasons are varied between the new attraction in the city Real Estate prices, which saw a correction in its market price reached one hand, and on the other hand, activate the tax law includes the British and residents in Britain, of all nationalities. The newspaper Daily Telegraph British said about two years ago that thousands of British citizens living parallel lives in Dubai, which is where the sun shines all year round and does not impose income tax. The newspaper quoted a British landlords saying: It’s – Dubai – a wonderful place is no different on that one, and confirms that Dubai’s beaches always warm so you can swim in it.

July 7, 2013
Investors arrive to «Reem – Emaar » and real estate go up 10% in Dubai

crowded yesterday dozens of investors at the offices of Emaar, two days before the deadline for the launch of sales of villas in its new project “Reem – Emaar” which includes 188 home “townhouse” and with prices starting from AED 988.88 thousand.

To real estate prices rose in some places in Dubai by 10% in the first quarter of this year, according to statistics site dubizzle of electronic commerce.

The figures indicate an increase in property prices in locations such as Jumeirah Lakes Towers, Dubai Marina, Palm Jumeirah, which also recorded a rapid rise in the rate of sales in the period, the average price increase in housing units 50 thousand dirhams, compared to the first quarter of last year.

At the same time rents rose in the majority of locations in Dubai, and recorded areas Downtown Dubai and Palm Jumeirah higher altitudes in rents, according to data from the site.

Said Ann Boethelo Site spokeswoman successful launch of a number of new projects in Dubai contributed to raising confidence and Tazzaha in the real estate market, causing a rise in prices and rents both.

And She Boethelo that reliable real estate companies such as Emaar Properties has launched a number of new projects in the past six months and received mostly well received by investors and the market.

April 12, 2013
DAMAC Properties launches luxury apartments for sale in Dubai

DAMAC Properties has” announced the launch complex “Lincoln Park,” which consists of a full-service residential apartments on Umm Suqeim Road, will allow the company to its customers access to these distinctive luxury apartments located in the heart of Dubai starting from AED 449 thousand.

The complex is located, “Lincoln Park,” which will be completed at the end of the current year on Umm Suqeim Road, adjacent to the garden, “Miracle Garden” which was recently opened, and just 10 minutes from the Mall of the Emirates, Sheikh Zayed Road. The project provides upscale family housing environment which is easily accessible to anywhere in Dubai.

The complex has “Lincoln Park” apartments consisting of one bedroom, and two and three bedroom, enjoy design, inspired by the pattern of “Chicago” urban entrance مزدان decoration and fine details, and flat surfaces surrounded by a fence railing and contain the terrace is designed with all the taste and care, and was “Damac Real Estate “has recently announced its plans to complete the 3,328 apartment across the region by the end of 2013.

The complex “Lincoln Park” The fourth project launched by “Damac” during this year, where it has launched a project “Damac ريزيدينسي” in “Dubai Marina” and “Damac Askkloseva” in Riyadh, Saudi Arabia, which will house Italian fashion famous “Fendi “completion of all the interiors are, besides, the company launched the project” DAMAC Towers Bay Paramount “, which includes hotels and luxury apartments integrated services in the heart of the tower in Dubai.

Referred to as the “DAMAC Properties” yet completed construction of 37 building comprises 7,817 real estate unit covers an area of 13945299 square feet. The company is also developing an additional 66 projects in various stages of construction operations in the Middle East and North Africa. These projects include the 12,100 real estate unit.

April 12, 2013
Real Estate Dubai rise 19% during the first quarter of this year

The real estate sector index in DFM rose during the first quarter of this year increased by 19.8%, with the sector index closed the last meeting of the month of March at the level of 4017.44 points gains of 664.76 points, compared with the close in the last meeting of the year 2012 at the level of 3352.68 points.

It is clear from the chart that the index of the real estate sector recorded the highest level during the first quarter of the year at a meeting February 25, 2013 the last where he arrived where at 4511.55 points, while the lowest levels of the index the real estate sector during the year was in the month of January, specifically in the session 14, and was at 3699.55 points.

The performance of the real estate sector during this period compatible with the performance of the Dubai Financial Market Index during the same period, where the market index rose during the first quarter by 12.7% gains of 206.71 points, and the closure of Dubai’s index the last sessions of 2012 at 1622.53 points, compared with the close in Recent sessions last March at the level of 1829. Points.

At the level of performance of DFM sectors during the first quarter 2013, the real estate sector came in third place among the rest of the market higher, rising during this period, 6 sectors and declining sectors only, and settled the rest, came on top of these elevations telecommunications sector, up 34.9 %, followed by the services sector with 24.8% growth, whereas declines we issue the insurance sector, down 12%, followed by the industrial sector to a loss of 0.34%, and settled goods sector.

AED 32 billion sector trading value during the quarter

Real estate sector recorded a total trading value amounted to AED 9.6 billion during the period ended March 31, 2013, accounted for 45% of total market turnover in the same period, amounting to about 21 billion dirhams.

As for the total volumes traded real estate sector during the first quarter of this year, it was 4.3 billion shares, to ستحوذ sector accounted for 32.4% of the total market trading volume during the past year, which amounted to 16.7 billion shares.

“Advantages” tops the heights sector .. and “lands” biggest loser

With regard to the performance of shares of the real estate sector over the first quarter of the year 2013 has achieved a 4 shares rose top of shares “advantages”, which rose by 56.6% by reaching the level of 1.170 dirhams in last March, compared to close with the last meeting of the year 2012 at the level of 0.747 AED , followed by “reconstruction”, up by 34.4%, having reached a level of 5.120 dirhams in the last meeting of March 2013, compared to AED 3.810 year-end 2012.

The declines have been limited to two shares only during the past quarter issued shares “Deyaar Development”, which fell by 10.56%, closing the last session of the month of March at 0.322 dirhams, compared to close the last session last year at 0.360 dirhams, followed by “Arabtec” down rate of 7.14% at a price of AED 2.080 compared to AED 2.240 at the end of the year 2012.

April 11, 2013
Dubai real estate second in the world price index

Dubai real estate residential finished second at the global level in the price index global real estate residential 2012, which recently released Knight Frank, real estate consultancy firm Global, which included 55 markets, ahead of global markets major, such as the United States, Switzerland, Canada, and others.

The Dubai residential real estate rose by 19% during 2012, while the percentage rise during the second half of the same year, 9.8%. The increase during the fourth quarter of 8.9%. The company said in its report that this rise in Dubai residential real estate prices, after years of decline, suggesting that the market took firmly entrench its feet. It started real estate projects deferred active again, and increased sales volumes, in addition to the acclaimed improvement in the level of market transparency.

The report added that house prices at the global level rose by 4.3% in 2012, but the major European markets remains to be a challenge.

March 24, 2013
Dubai Investment instruments issued bonds value one billion dirhams

Issued Dubai Investments instruments bonds value one billion dirhams over three weeks, and an interest rate of less than five percent, for a period of five years.

Funds tend instruments will be collected by the end of April a maximum payment of financial commitments worth 600 million dirhams to reduce the amount of interest paid by the company, and will direct the remaining part of the expansion and investment opportunities.

The company is currently working to exit from projects with a total value of up to 550 million dirhams, where double the exit process that took place during the year, the company’s profits three times during 2013.

And detailed managing director and chief executive officer of the company Khalid Kalban during a meeting press at the company headquarters yesterday, made Dubai Investments profits to 320.6 million dirhams in the past year 2012, up 58 percent from what we have achieved through its predecessor in 2011, and by paying the support of corporate performance from hand, and exits carried out by the company during the last year.

Kalban added that growth was expected, though the gains achieved after setting aside allowances ranging between 85 and 100 million dirhams.

He pointed out that the company’s revenue in 2012 exceeded 2.63 billion dirhams, thanks to the use of thoughtful and effective management methods of acquisitions and the establishment of and enter into strategic partnerships in the region.

And expected to be positive this year, and moving the company to expand in some of its units during the year, and work to seize the opportunities available in the markets of the region.

He also spoke about the company’s intention to obtain financial facilities through the issuance of sukuk worth billion dirhams, will be in three weeks from now, where is the completion of the preparation and selection of the bank, which manages the deal this week, pointing out that the duration of instruments will be for five years, at an interest rate of less than five percent.

He pointed out that the aim of this proposal will meet some of the obligations and directing the other part of the expansion and possible investment opportunities and acquisitions.

He explained that the proposal will contribute to the reduction of benefits currently paid to financial obligations, pointing out that it is about 600 million dirhams will be paid through funds instruments that will be collected at the end of the month of April at the latest.

He added that they are paying nearly 200 million dirhams every year to the banks, and therefore These payments will stop and replace instruments billion dirhams paid on the fifth year.

As for the topic of exit, said Kalban been out of the three projects worth 200 million dirhams in 2012, one of Al Arif, referring to the company’s intention to exit from two other projects during the year.

He said that the exit of these two projects will achieve revenues in the range of 400 to 450 million dirhams from one, and the other in the range of 75 to 80 million dirhams, including conveying the size of projects to between 500 and 550 million dirhams

February 20, 2013
AED 355 million real estate valuation in Dubai

Achieved real estate dispositions in Dubai Land Department in Dubai more than 355 million dirhams as the value of AED 260 million of which sales territory 116 million dirhams and Mbayat apartments and villas 144 million dirhams

The recorded value of mortgages of $ 95 million dirhams which lands mortgages worth 68 million dirhams mortgages villas and apartments worth 27 million dirhams circuit today saw record 213 allegiance 126 allegiance Land

Mbayat amounted apartments and villas 87 Mbayat worth 144 million dirhams, of which 84 Mbayat for apartments worth 131 million dirhams and 3 Mbayat Villas worth 13 million dirhams

Was the most important pledge allegiance to $ 9 million dirhams in the broader market and swear allegiance to another $ 8 million dirhams in the Manara area

Also topped the fifth THANYAH area from areas where number Alambayaat as recorded 11 Mbayat worth AED 38 million, followed by the DIP first recorded 5 Mbayat $ 2 million dirhams

The day saw record 37 mortgage which 23 of land worth 68 million dirhams and 14 mortgage for apartments and villas worth 27 million dirhams was the most important area of Al Barsha South Fourth worth AED 24 million and other in the area of Wadi Safa 6 worth 18 million dirhams

February 20, 2013
Dubai real estate has seen an improvement exceeded all expectations

Dubai real estate has seen an improvement exceeded all expectations

Dubai’s property market has seen a quantum leap towards growth and recovery emerged mid-year, the 2011 and reinforced its upward course start, 2012 has seen circles operating in the sector rapid shift in the dynamics of real estate work and performance in terms of high demand, which has coincided with the gradual improvement prices.

He explained Hussain Sajwani, Chairman, “Damac” real estate that Dubai real estate has seen an improvement exceeded all expectations, as we saw demand growth in investment hotspots especially like “Downtown Dubai” and “Business Bay” and “The Palm Jumeirah” and “Dubai Marina”and others, is expected to extend the circle of activity in terms of the demand for real estate products in other areas along the streets Sheikh Mohammed bin Zayed and transit in the coming period.

He predicted Chairman “DAMAC Properties” to continue to Dubai real estate the same performance with a further improvement in terms of curve prices and demand equation during the next three years under many of the privileges enjoyed by the emirate in terms of security, peace and development of infrastructure and the growth of trade and increasing numbers of tourists and other , as well as to improve the level of confidence in the local environment as a safe haven for business and investment

He explained Hussain Sajwani, that the real estate market local requires moderation and balance in making decisions to play their role in supporting the growth that we’re seeing in the current period, where it is not in favor of the sector to return to work rates financing up to 100% and not be characterized by rigidly to contact ratios 50%, Vaguetrahratio ranging between 70 and 80% Badlh all parties not offend the dynamics of the property and its performance evangelist.

February 11, 2013
Foreign investments in Dubai real estate

Dubai – The value of foreign investments in the real estate market in Dubai over the past year (16 billion dollars) 58.6 billion dirhams, compared to 13 billion dirhams Emirati investments, according to the Department of Land and Property.

Said Sultan Butti bin Mejren, Director General of the Department in a press release issued by the Chamber yesterday, said that the real estate market in Dubai is witnessing an increasing growth in attracting foreign investors, who numbered the end of last year about 18,635 investors.

He added that Gulf investors have played an important role in the real estate market in Dubai over the past year with investments worth 17.7 billion dirhams, pointing out that the Gulf investments ranging from the purchase and sale of land and residential apartments and villas, and Vfaqa newspaper ‘Union’ UAE.

He stressed that foreign investor confidence in the Dubai real estate have risen dramatically, and this is reflected through the diversity of nationalities of foreign investors in the market, where the number of non-Arab foreign investors about 13573 investor, with investments valued at $ 36 billion dirhams.

According to the statement, issued Investors Indians list foreign nationals most investment in Dubai real estate over the past year of $ 9 billion dirhams, and the British $ 5 billion dirhams, and Pakistanis AED 4 billion, and the Russians billion dirhams, and the value of investments foreign nationals other more than 16 billion dirhams.

Bin Mejren said, that official data documented in real estate research and data management in the development of the real estate sector of the circle, showing that the real estate market in Dubai is witnessing an overwhelming response from investors, pointing to the success of the emirate in a full recovery from the challenges of the global crisis.

According to the Department of land and property, the total number of Gulf investors in the real estate market in Dubai over the past year about 2953 investors, and occupied the citizens of the state the first place through 1955 investor, with an investment value of 13 billion dirhams, and the Saudis in second place with an investment value billion dirhams.

She explained that the number of Arab investors amounted to about 2109 investors over the past year, and the value of their investments nearly 5 billion dirhams, solving Jordanian investors in the first place and then the Lebanese, Egyptians and Iraqis.

February 11, 2013