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Investors return to Dubai real estate market

Dubai’s real estate market is witnessing a strong recovery from a slowdown that started from the beginning of 2015. A significant increase in investments has been recorded in the first half of 2016 which clearly indicates towards the bottoming of sales prices. Dubai real estate brokers have recorded an increase in overseas inquiries including a large number from Russia. After a major fall in the value of ruble, Russian investors were regressed from Dubai’s property market, but now they seem to have returned and making large investments. Russians have been actively interested in buying luxury properties in Dubai for a number of reasons including prolific returns, sunny weather, ease of buying and renting a property and high rental yields. These factors have not only lured Russians but Indians, Pakistanis and British have been on the top of the list for investing in Dubai. After Britain’s decision to exit the European Union, there had been speculations of its effect on Dubai’s real estate market. After the decision the pound weakened which has made property expensive for British investors who were earlier taking advantage of a strong exchange rate. This is however a short term effect on the market as the market remains buoyant welcoming investors from GCC and other countries. In the past 2 and half years investors from Pakistan have bought properties worth 18 billion Dirham and they rank behind Indians who also have invested majorly in Dubai realty sector. Indians and Pakistanis have age old bonding with UAE and economic and political stability and high taxes in home countries attract these nationalities to invest in Dubai’s transparent market.

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There has been a mixed response from experts with some predicting the bottoming of the market while some argue of the slow down to continue for a little longer. Like any other real estate market Dubai property has seen a boom and slump, but the strong indication is the quick recovery that has been seen. Dubai’s diversified economy has cushioned the real estate market from external factors like the recent drop in global oil prices. The hosting of the EXPO 2020 is also a major factor that investors believe is going to give a boost to real estate in Dubai as catering to this mega event needs a lot of new infrastructure to be built and new manpower to be imported to make that happen. This new influx of manpower will give rise to increased demand for residential properties, thus pushing the sales price up and investors expect to reap benefits.

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Jumeirah Park Villa Styles

Jumeirah Park is one of the most exquisite villa communities in Dubai located amid other superb freehold developments. Jumeirah Park spreads over an area of 370 hectares offering luxurious 3,4 and 5 bedroom villas creating an opportunity for families to live amid manicured greenery, peaceful neighborhood and superior amenities.
Jumeirah Park features a total of 2000 villas ranging between 3000 to 10,000 square feet. Jumeirah Park villas are designed with three different styles. Jumeirah Park style of villas includes the Heritage, Regional and Legacy style. Each style of villa is unique and represents a particular theme of architecture. The three different styles of Jumeirah Park villas are as below:-

Heritage Villas: The heritage villas in Jumeirah Park are inspired from French architecture. Heritage villas consist of three bedrooms and showcase the European style of tile structure on the floors and a glance of French architecture in the doors creating an atmosphere to relax.

Jumeirah Park villa style

Regional Villas: Regional Villas are four or five bedroom homes ranging between sizes of 5071 and 5449 square feet. Regional villas at Jumeirah Park compliment to the rich Arabic Culture with its essence clearly visible in the design. These homes have significantly sized bedrooms and all homes include the smart home features provided for modern day family living.
Legacy Villas: These villas have three, four or five bedrooms ranging between sizes of 4851 and 5479 square feet featuring terracotta tiles and grand glass mosaics.
All Jumeirah park villas provide large living spaces and well sized guest rooms, the kitchens are spacious well designed keeping in mind requirements of the modern families and every villa has a garage and a back yard.

Jumeirah Park is an integrated community providing within the community a number of retail stores, residents can enjoy living lush greenery or just paddle your way around the community on the jogging and cycling trails.  Jumeirah Park features tennis court for enthusiasts who want to fulfill their love for this game. A number of restaurants and cafes allow dining options and the community also includes a mosque and schools inside and at a short distance which adds to the versatility of the community. Jumeirah Park was launched in 2006 and as envisioned to become a premier villa community in Dubai it’s very well fulfilling the promise by providing a high quality of family life and providing unmatched amenities along with a convenient location.


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Dubai villa communities

Dubai is a year round attraction for tourists providing pristine beaches, Golf courses and a world class hotels and resorts. Dubai is also famous for its exceptional shopping experience, home to the world’s largest mall and having more than 15 massive shopping destinations, Dubai is a preferred destination for holiday makers.

Over the years Dubai has also attracted people around the world to work and do Business in this fantastic city that offers a cosmopolitan culture and enormous opportunities. The city provides ample residential communities to absorb the influx of expatriates which include apartment and villa developments. The apartment communities include Dubai Marina, Jumeirah Beach Residence, Jumeirah Lake Towers, Downtown Dubai and many other communities that offer luxurious apartments with first class amenities.

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Among the villa communities are Arabian Ranches, The Villa, Jumeirah Park, Jumeirah Islands and Mudon. The Villa project and Mudon are located in Dubailand which is an exciting destination featuring shopping, adventure and shopping attractions. Dubailand is a massive development and includes communities like Al Barari, Al Waha Villas, Dubai Sports City, Motor City, Remraam are among the popular ones. The villa communities offer luxurious themed villas ranging from 2 to 6 plus bedrooms set amid lush landscapes and artificial lakes and outdoor activities which make them an ideal place for families. Buyers looking for Dubai villas for sale have options to choose from a wide variety of communities.  There are many other residential communities which are under development and will be handed over in the near future.


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Top 10 Reasons to Invest in Dubai

Dubai has given investors enormous reasons to benefit from its Real Estate Market, we have listed the top 10 reasons for you.

1. Dubai is a popular tourism destination with fabulous landmarks and entertainment attractions to see and experience. The hospitality industry is booming and is expected to remain so.
2. Property prices in Dubai are cheaper when compared to other major cities around the world
3. Setting up a business in Dubai is very easy, there are various free zones offering world class infrastructure and support system.
4. Dubai is a trading and business hub for the Middle East. Dubai’s strategic location between East and West makes it a gateway to connect with emerging markets in Asia, the Middle East and Africa.
5. Dubai boasts a thriving economy which is diversified in trading, manufacturing and tourism and is not dependent wholly on oil.
6. Dubai has a very low crime rate which makes it one of the safest places to live on earth.
7. UAE has a liberal policy encouraging foreign individuals and companies to invest and take part in the mutual growth process.
8. Dubai has a state of the art road and train infrastructure and continues to develop further which ensures accelerated growth. Dubai’s International airport was awarded as the busiest in the world in 2014.
9. Dubai is hosting the EXPO 2020 and is expected to attract 25 million visits, 70 per cent of which will be from overseas.
10. Dubai has a sunny weather round the year with 365 days of sunshine.

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Business Bay, the Region’s Business Capital

Dubai’s Business Bay is all set to become what it had been envisaged as, the Hub of Business in the region. A promising infrastructure to Businesses and an integrated lifestyle to residents Business Bay will deliver what it had promised. The Impetus can be felt in the iconic skyscrapers that showcase a wonderful work environment and a fantastic location.

Business Bay has a number of Towers that are as ideal for Businesses as Business Bay itself, with some of the towers still under construction; many have been completed and are providing Businesses with world class facilities.

Executive Towers: Consists of 12 Towers, with 10 of them as residential, 1 is commercial and 1 tower is a hotel. Executive towers are the first project in Business Bay to be completed and the residential towers had the first apartments for sale in Business Bay. Executive towers continued construction during the Real Estate Slump that occurred in 2009 as a result this project was the first to be delivered. The Apartments in Executive Towers, Business Bay are luxurious and range from studios to 3 bedroom apartments and 4 bedroom penthouses. Executive towers are located very near to the metro station and are serviced by off-site district cooling system. The two leveled shopping mall named Bay Avenue consisting of restaurants, cafes and retail stores compliments to the niceties of this amazing development.

Aspect Tower: The commercial tower among the Executive towers has already been occupied by major Businesses and has gained popularity for its strategic location and easy access to Downtown Dubai and the Metro station. The 135 Meters tall building consists of 166 offices ranging between 1000 to 3000 square feet, offices at higher floors are large and up to sizes of 6000 square feet. The tower has ample parking space in the basement parking’s and also a huge parking in front of the Executive Towers that caters to accommodate cars of visitors.

Burjside Boulevard: This 36 storey luxury serviced apartments also includes 3 levels of podium out of which 1 is dedicated to leisure. The tower is in icon of modern living and provides superb apartments ranging from one to three bedrooms with views of Burj Khalifa and the vibrant Business Bay. The apartments are being serviced with a 5 star standards and promise superior service every time you need it. The tower showcases magnificent amenities that include separate Gymnasiums for men and women, swimming pool, children’s play area, restaurant, lounge and Spa.

Iris Bay: One of the most awaited tower in Business Bay, Iris Bay has a unique Architecture. Iris Bay rises up to 32 levels from the ground, this tower can’t go unnoticed for its distinct edifice. Designed in the shape resembling an ovoid, the tower comprises of two similar double curved shells rotated over the podium. Located near the Metro Station this unique tower is designed by the famous design company Atkins.

Business Bay is a massive commercial development and comprises of numerous iconic buildings, please read the second part of this post to know about other towers in Business Bay.

 


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In Dubai. you can live close to what you love!

Dubai is home to some of the most amazing and luxurious developments. A  unique project like downtown Dubai will leave you wondering how the world’s tallest tower was built and what kind of engineering does it take to create these kind of buildings, while some projects like Arabian Ranches will leave  you spellbound with the serenity and quiet atmosphere. Developments like Jumeirah Village will take you away from the hustle bustle of the city to a more village setting and a development like the Palm Jumeirah will make you think twice before you use the word impossible. Dubai is a city full of life and there is a lot of activity happening all the year round. Dubai Real Estate sector has witnessed humongous growth in the past few years, The Real Estate sector here is a mix of vibrant projects which are a hive of activity and developments that reflect a harmonious atmosphere creating a balance that is unique to this part of the world.

Developments like Al-Barari, Emirates Hills, Jumeirah Village and others offer a serene atmosphere while the homes can be super luxurious. All these developments provide Villas and townhouses that vary in size and price.

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Starting from a one bedroom townhouse to a 7 bedroom the villas provide complete privacy and a family atmosphere. All these developments have something in common and that is the amenities they provide are world class. Lush landscapes, parks, children’s play areas, jogging and cycling tracks, club houses, community centers and 24 hour security is what you can expect in these developments. There are other amenities that are unique to each project. Emirates Hills is such an example which features the Montgomerie 18 -Hole championship Golf course. Other project to mention is Arabian Ranches which is home to Arabian Ranches Golf Club and Dubai Equestrian Club. The best thing about Dubai Villa communities is that each of them offers a uniqueness and one can always live near to what they love. All the developments in Dubai provide an integrated lifestyle and you may not need to go outside the community looking for restaurants, cafes, bank pr supermarkets, unless you need something specific everything else is available within the community. It can be a difficult thing to decide which villa to buy in Dubai as there is a lot of choice. Dubai Villas are also preferred by investors as they provide an opportunity to earn profits by booking the villas off-plan and selling at a higher price once the unit is completed.


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Witness the economic impetus at Business Bay Dubai

After the formation of the UAE in the year 1971, Dubai has been able to transform into a strong economy which is not dependent on oil but on a broad diversified sectors including International trade, tourism real estate and manufacturing. Dubai was soon turned into the Business hub and provided a platform to businesses to cater to cater to consumer markets in Africa, Gulf Cooperation Council. By providing world-class infrastructure and easy of doing business, Dubai became a destination of choice for Business to set up their operations in this business friendly city.

To cater to the tremendous business and need to accommodate new ventures Business Bay was planned to cater the need of businesses while providing world-class facilities. Business Bay plays a significant role to help businesses in Dubai elevate by using state of the art infrastructure. This city within a city stretches from Ras-Al-Khor to Sheikh Zayed Road and is being compared to major commercial hubs of the world. Covering a total area of 64 million square feet, Business Bay features commercial and residential towers that offer upscale offices and luxurious apartments. With a total of 240 buildings, superior connectivity and great landscaping, Business Bay promises to provide an overwhelming experience in business operations. Over the years Business Bay has been able to attract local and international businesses to open their offices in this commercial hub. Strategically located on Sheikh Zayed and next to the Dubai International Financial Center and close to Downtown Dubai Business Bay is an ideal location for any business. Having connectivity with Dubai Metro makes it much easier for people working in this area to commute to work quickly without spending time in the city’s rush hour traffic.

Business Bay features some of the best hotels in Dubai to accommodate Business travelers; this adds another reason for international corporations to choose this area over others.Business Bay is a mixed use developments and has created a balance between commercial and residential shares. Often companies find it difficult to home their employees at a suitable location that is near to the workplace and also provides facilities of a higher standard. Business Bay solved this problem as it offers superior residential apartments to accommodate staff while providing great amenities and a cosmopolitan lifestyle.

The commercial towers in Business Bay provide upscale office in varied sizes and floor plans giving a choice to businesses to either buy office in Business Bay or rent in varieties of fitted, shell and core or semi fitted. Each building provides state of the art amenities as expected in a project of international scale. The residential buildings in Business Bay provide spacious and luxurious apartments in varied floor plans and sizes. The residential buildings provide amenities like swimming pools, gymnasiums and round the clock security. Residents of business bay have quick access to Downtown Dubai and can enjoy shopping, dining or entertainment at some of the best options in the city.

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Inhabitants of Business Bay don’t need to worry about their children’s education, as some of the best schools are in close radius, many health centers and hospitals are also situated with a few minutes drive from Business Bay. Though Business Bay is not yet fully completed it has already become a preferred destination for international and local businesses.