Villas In Dubai Selling For Dh 10 Million At Ultimate Prime Residential Location

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

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

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

Dubai Marina

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

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

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

Downtown Dubai

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

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

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

Investment

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

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

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

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New Home Owners In Dubai Gets Penalty For Delays

Many who bought great off plan launches Dubai realty saw from 2012 have started to ask that where are their properties and not getting much for a reply. They are asking from their developers.

For them, the wait continues for their properties to be delivered. It is likely to be a approximated that only 60% or so of these launches have gone through the handover process.

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On the annual supply of newly completed homes in Dubai, this year it has started to tell and the market would be lucky to experience another 8000 units getting delivered.

In the first 7 months, only 18% which is 4,769 units of the estimated 27,000 units have been handed over, according to a data.

Private sector’s developers of Dubai especially are in no rush to see their already existing projects.

Unmet Obligations & Delays

They could be slipping back into the habit of delaying the projects and giving no heed to meet their obligations towards the buyers. The tactic is not helping for the good of market. The number of supplies has fallen below the projection level over past 3 years and this year it is likely to be lowest in 4 years as per the MD of Global Capital Partners.

It appears that H2-16 will be having same deliveries as H1 which is 4,700 units. Controlling the supplies is the way through which this tightness can be responded which took hold of the property market since mid 2014, the year which saw 18000 rough deliveries and year 2015 it was around 11,000 units.

Their argument is that by restricting the supply, it will make sure that property values will not soften quickly. Also with their cash positions under stress, there will be a natural effect on the schedules of the project.

Again this is not representing the whole market, as per the consultancy in its last updation on Dubai’s situation. A few of the prime developers delivering key flagship projects stayed relatively on track for their timeline of deliveries.

Also the developers that concern over excess supply destroying the values don’t seem to hold water. The market is experiencing a soft in values and not a crash as it was back in 2009-10. All of the established locations of Dubai- Palm, Dubai Marina and Downtown can take the corrections in their stride. Existing investors have not yet panicked.

Whether government owned or private-developers are still launching. It’s been days since it has announced that Palm 360 hotel & residences and apartments including 12,000 square feet penthouses will be carrying a super premium tag.

Real estate giant Shapoorji Pallonji is also making its entry into real estate development with its offering in upscale residential in Downtown. If they would have been concerned about the market response, they won’t be launching this now.

The investors will need to make the payment obligations to the developer/mortgage leader. When the delay happens, it means that their chances of recouping those investments get put back by so many years. At a point, these investors may lose patience and can file a complaint against relevant authorities.

Penalties for Delay

The introduction of the penalties for the delay is a practice which is prevalent in many markets and provides some relief to buyers- notwithstanding further impact on delivery margins and their ability to align stock with demand. For private developers, the situation is full of after effects. The next wave of buyers would give their attention and funds to government owned developers and their launches or ongoing projects.

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Such a consolidation of buyer interest on a few of top developers can cause chaos in private developer ranks. They will blame themselves if insisted upon stretching the few projects beyond 4-5 years.

The next time Dubai’s property market heads for an upturn, they could be the ones left well and behind.

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Dubai – Destination to Buy Property

If you want to invest in real estate there is no other city like Dubai in the world. It’s becoming highest favourable city for investors. More than 200 nationalities are investing in emirates real estate sector. Billions of dirham has been invested in property and been voted biggest destination to buy property. Return on investment is much higher comparatively any other global cities. Rental yields on property are high with 8%.

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Prime Minister and Vice President of the UAE, His Highness Sheikh Mohammad Bin Rashid Al Moktoum not only holds companies and government entities but always try to encourage many private investors to make city an iconic place for brilliantly structured building and favourite destination for tourist.

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As many of us knows about the tallest tower in the world, Burj khalifa with the height of 828 meter and world’s biggest residential tower, Princess Tower (414 meter) and with 355 meter heights world’s highest hotel JW Marriot Marquis; make emirate home of world’s biggest and highest buildings, put the name of UAE in spotlight on the world map.

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Moreover His Highness’s successful achievement of many planned iconic structures like one of the largest mall in the world Dubai mall, Palm Jumeirah, A manmade island and world’s only 7 star hotel Burj Al Arab and  has lead emirates to become an undisputed leader of tallest and biggest tower globally.

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In 2016 you can witnesses world’s first fully functional 3D printed building by using 20 feet tall 3D printer. It will print layer by layer and can be assembled on site in just a few weeks’ periods.

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Museum of the Future, which is expected to be opened in 2017 and solar park, It will produce 1,000 MW by 2020 and 5,000 MW by 2030 are another remarkable project for future.

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Unique Properties – A True Real Estate Market Experts of UAE

Unique Properties has an established name in Real-Estate market in UAE. With their in-depth understanding of Real-Estate Business they have built an expertise to deliver higher returns on investment made in Dubai and globally as well. The Company works closely with buyers and investors by virtue of which it has earned excellent relationship with its clients whereby it has earned a unique position in Middle East Real-Estate market standing true to its name Unique Properties. The company is end to end solution provider for all property related needs starting from consulting on right investment for the investment horizon client is looking at, to suggesting exit or Rental options. One thing is sure once you have chosen on Unique Properties, you can stay rest assured.

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The company has a wide range of property services for buyer and seller both and is committed to provide complete property service from identifying a property to the sale of a property . Unique properties has a dedicated and skilled team of real estate experts who are constantly working on best projects which can deliver better return on investment made. Company’s Vision is to offer reasonable and suitable project with maximum returns and value to deliver on clients expectations. Idea is simple they work for customer delight.

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If you choose to get unique properties service for your investment they ensure you have a hassle free transaction and the whole experience of buying or selling a property is convenient and efficient. Once you have chosen on Unique Properties getting the best deal and assistance in value added services is just a natural outcome of this association. They will not only get you the best prevalent return on your valued investment but will also keep you abreast with the trends and latest developments in Real Estate arena.

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Unique properties brings expertise in Realty market with its strenuous experience and learning of many years and follows an absolute non-negotiable transparency to deal with its clients as they believe that your experience of dealing with us will bring you back to us each time you are looking for a property in Middle East.

Own A Space – One of the leading real estate portal of UAE has enlisted the properties of “Unique Properties“. You can browse through the luxurious property, built to deliver high return on investment.

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Making of 1.5M Square Feet Dubai’s Latest Mall

The design of Dubai’s next-generation mall projects is located at Dubai Hills Estate in (Mohammad Bin Rashid) MBR City is being worked on, as per a senior official with the developer.

The mall is located at the end of a 7 km stretch fronting Umm Suqiem Road in the master plan of Dubai Hills Estate. It will have a gross leasable area of 1.5 million square feet. Further details about the launch are in pipeline, pending a final approval of the design.

This is Emaar’s third major mall project after The Dubai Mall and the one in Dubai Marina.

As per current plan, the mall will be connected by two hotels. Meydan One Mall (the world’s largest indoor ski slope) is another massive retail development planned in its wider area from Meydan Group.

Dubai Hills Estate is a joint venture between Emaar and Meraas, and will feature above 26,000 residences and a residential base of more than 100,000 people. There are going to be two metro lines and three stations.

The apartments and villas launched to date had launch prices of between Dh 1,000 – Dh 1,700 a square foot.

Shell-and-core villas are to be constructed near the golf course and buyers can build to homes as per their plans (These villas could be the costliest under development in Dubai in comparison to those in Emirates Hills) The first residents will be moving into the cluster, at the golf villas by late summer. As per schedule The “Mulberry” units will be handover by 2018. (With some of its recent Dubai Hills Estate launches, Emaar is giving sweet-dish deal by allowing 40 percent of the payments to be made over two years post handover.

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Luxury Property in Non-Luxury Prices – Dubai

Dubai usually associated with luxury property, wealthy property owners and celebrities in the emirates but several new announcements now suggest.

A developer is going to build a series of affordable homes in Dubai while more than 200 crumbling villas that were lying empty are going to be demolished. This shows that all properties are not luxury apartments and a different side to the emirate’s real-estate market and a reminder.

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Danube Properties has come up with a fair housing project that allows home owner to change one room into two. The Ritz Project at Al Furjan comprising of studios, one and two bedroom units includes 452 fully furnished apartments. The room features a bed which can be wrapped into the wall during the day, thus creating a larger moving area in living room. During night bed can be lowered to transform the accommodation into a bedroom.

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The Ritz includes a gym and a retail space, with an outdoor running track and swimming pool, badminton and tennis and basketball court.

As per Rizwan Sajan, chairman and founder of Danube Group, who added that the homes are aimed at small families and new couples? They will bring the latest home technology to the customers at a time when they are looking for more with less. This launch comes at a time of softening experience in the luxury part of the property market, Sajan also pointed that 18,000 new homes are needed in the emirate over the next five years.

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Presenting his views Sajan continues, Real estate is a long-term business and he is a firm believer in the long-term sustainability of Dubai’s economy, which is very flexible. The current supply of 12,000 to 13,000 homes per year falls below the anticipated demand. More than 80% of Dubai’s population lives in rented homes.

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Due to property prices coming down to a realistic level, we see the possibility of a large scale migration from rental homes to home ownership.

Meanwhile, around 250 crumbling villas across Dubai which are posing a public health risk are to be demolished. As per Dubai Municipality many properties are caught up in inheritance disputes between the rightful owner and family members and have neglected them, making them a threat to public health and security.

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It is estimated that 303 of 713 abandoned houses across Dubai have already been demolished and further 154 have been renovated by their home-owners. The Municipality will issue orders to the home owners for the houses to be demolished and failure to comply the properties will be taken down and the owners charged.

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Binayah Real Estate – Dubai

Binayah Real Estate was established in 2007 and 30 years experience of giving satisfactory services to clients. Binayah Real Estate is an ultimate combination of being professionals with experience; which makes it reliable agency in real estate market.

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They offer excellent services covering management of property, assets, and brokerage services with every possible assistant in buying, selling and renting properties. Under their development consultancy and management they offer the big range of residential, commercial and free hold areas. They are trying to encourage their potential customer and building up money value by giving them exploring the opportunity in property business and developments of the apartment building and other projects.

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Binayah Real Estate’s aim to give every single client proper response with the promise of improving their investment in properly suitable projects through their quality service they try to cover client’s needs and requirements with satisfaction. The expert team will give you best advice with experience, supervision and knowledge about Dubai’s Real Estate Market.

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You can choose effortlessly many luxurious development projects either off plan or ready projects because they have direct source information from known developers of Dubai like Emaar, Damac and Nakheel. You will get precise details about your investment. They are bound to give satisfactory quality and returns in terms of maximizing client’s liability of choosing Binayah Real Estate.

Own A Space – One of the leading real estate portal of UAE has enlisted the properties of “Binayah Real Estate“. You can browse through the luxurious property, built to deliver high return on investment.

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Real Estate Agents Dubai – LJ Hooker

When you want the best solution for your property matter LJ Hooker is the name you can totally rely on. LJ Hooker has impressively 51 years experience for providing satisfaction to their customer with selected team of experts. Their experienced team offer you report about your desired property. Performing in the property market with deep knowledge of understanding every expat of client, market strategy and amazing skills in real estate market will help you to find the best investment in property.

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If you choose to buy through them; LJ Hooker provides you professional expert advice and consultancy for your estate related question whether it’s about purchasing or selling. Even for just advice, they promise to give you quality advice on your investment.

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LJ Hooker believes in creating an independent relationship with clients and committed to satisfying every need. their highly awarded sales team dedication, passion and understanding need of clients requirement inspire to make the  bond of improving transparency between clients and team. In result, you will get the quality output of your query in your valuable time.

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They have made a comprehensive database to be in touch with clients locally, regionally and internationally. Keeping them updated about the interested property.

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There is no need to go every time when you have a question they provide you updated information through many communication channels including weekly email report with all the latest activities related property.

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The combination of services, expert team, sales team and contact with clients make LJ Hooker a leading and trustable real estate company in Dubai.

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AUM Real Estate – Dubai

Today’s growing market of real estate’s, there at few companies with selected residential and commercial projects. Keeping all that as only and focused point AUM estate is the name of selected project for special requirement of clients.

What makes AUM real estate’s excellent in their services, they have the quality and skilled expert team to meet client’s requirement. They expand the project in many ways like sales, marketing and branding to help you to find your best project financing, specialist team and young dynamic sales team gives you suitable option according to your requirements with the help of experienced administration team which makes your buying experience steady and easy. With all assistances makes AUM real estate is a successful agency in real estate market.

Many projects and developments make Dubai a perfect place for investment. Dubai now is an international hub for investment and first preference for buyer and seller. By choosing AUM real estate you will get best investment choices with your specific conditions. Every buyer wants expert advice before making any decision and AUM real estate’s expert team are always up with best answers to your requirement.

With all the resources and expertise AUM real estate has solutions for corporate clients and investors rather than making their services for only individual clients. Offering complete advisory and service package for specific requirement of clients with ensuring best return on investment both for the seller and buyer.

Own A Space – One of the leading real estate portal of UAE has enlisted the properties of “AMU Real Estate“. You can browse through the luxurious property, built to deliver high return on investment.

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21st Century Properties – Dubai

Established 18 years ago a 21st Century Property is the combination of first class service and hard work of administration team. Their striking marketing leads to getting more success in real estate market by every fulfilled client. 21st Century Properties believe to giving best of choices which fits clients needs and make buying easy, fast, and efficient even for selling properties and provides you suitable residential and commercial properties.

When you decided to invest your money in real estate market; choosing reliable and trustable services among many agencies is quite a puzzling. 21st Century Properties can be your best decision to get every worth of a penny.

Its target to achieve the best deal for each client with rewarding estate possibilities and services. They serve seller, buyer and investor with best possible services. Dubai real estate market has a good future.

21st Century Properties unique team directly connects to potential buyer and seller to giving them hassle free service to find or sell properties. They believe in empowering their clients and employee to reach their dreams. Maintaining business relationship with corporate clients got many big projects deal in Dubai. You will be advised by their feature services to match your requirement. Company’s aiming to handle each client transaction like their own whether it’s a short term deal or long terms deal. You can end your search for the best real estate agency in the market on 21st Century Properties for fulfilling your requirement with complete satisfaction.

Own A Space – One of the leading real estate portal of UAE has enlisted the properties of “21st Century Properties“. You can browse through the luxurious property, built to deliver high return on investment.

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