Dubai Ranked Among the Top Globalized Emerging City of the World

Digitization, urbanization and the most important Globalization these are the three key trends and the factors shaping the future of Dubai, as it developed into a global city. If you were looking for the property investment this year, then you can turn around your eyes to Dubai, as it is the top contender this year in the emerging cities list. The emirate has been named the world’s third most globalized emerging city and which are the reason you can think of investments in the Dubai, it can set you up with good profits in the future.

The Global Shapers Annual Survey 2015 provided the insights into how Millennials see the world. They have chosen the UAE as the top emerging-market destination. The Millennials are choosing a country that is very serious and concern about the professional advancement,” – Yemi Babington-Ashaye, Global Shapers Community Head, World Economic Forum.

Dubai’s efficient, stable, emerging and pro-business environment, connectivity across more than 200 cities approx and proximity to the world’s largest wealth funds are just a few of the considerations that are increasing the number of investors, corporations and young talent.

Dubai presents a unique opportunity to the peoples that needs to be developed, harnessed and invested in. Dubai has world-class infrastructure, global aviation connectivity, services and friendly time zone, combined with a diverse population and talented pool of people, there is no rival in the Middle East to Dubai’s position as a global city. It is the right time to invest in Dubai and be a part of the globalized, emerging city in UAE.

If you are looking for the real estate portals where you can get the right choice for the property selection and the details on property agents & brokers click here.

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

Source Url:-

http://blog.ownaspace.com/dubai-ranked-among-the-top-globalized-emerging-city-of-the-world/

Top 3 Stunning Residences in Dubai

Dubai is known as the city that has world class architecture and offers a large number of options for luxurious & stylish living. Here is a stunning Dubai Marina residence that will make you fall in love with the area all over again.

The Address Residences, Dubai

Picture courtesy: www.address-dubai.com

The Address Residences – One of Dubai’s best places to live in, it is a global group of opulent properties, united by essence of nature, relaxation and inspiration. The iconic modern design – furnishing, locations and business facilities are tailored to offer you the ultimate in city living. It is located in Downtown Burj Khalifa, home to the world’s tallest tower.

Nuran Marina Apartments

Picture Courtesy: www.nuran.com

Nuran Marina apartments are developed & designed with great care, precision and attention to provide guest comfort and convenience. The apartments are luxuriously finished, spacious with beautiful marina views. There are ample of leisure facilities in residences, including outdoor swimming pool, fitness club, steam room, Jacuzzi and gymnasium.

One & Only Royal Mirage Dubai, Garden Villa

Picture courtesy: royalmirage.oneandonlyresorts.com

One & Only Royal Mirage Dubai is a magical place where all your mythic charms of old Arabian will come alive. This beautiful place consists villa which is a part of the luxury hotel built in the style of a Moroccan Palace. The place is known for its privacy & tranquillity, it has private beaches and swimming pools with beautiful landscaping and lavish bedroom fit for kings.

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:-

http://blog.ownaspace.com/top-3-stunning-residences-in-dubai/

Now Buy Plots in Sharjah Industrial Park

Sharjah Authorities focusing on industrial and real sector to pull out more investors in the segment. They have earmarked a massive land mass as an “Industrial Park” of around 14 million square feet in which land measuring 10 million sqf will be available to investors. Recently launched the sale of plots in Al Sajaa Industrial Oasis. The first set of plots (55) will be open to the Emirates and Overseas investors.

There will be 4 rounds of sales for all 353 plots in the upcoming months, following the first batch of 55 plots, the second phase with 114 plots, the third with 123 and the fourth with 61 plots. The park aims to promote light to medium scale industrial activity, developments, staff accommodation and retail section area.

Dubai and Sharjah are on the higher side in real estate sector, but are way back from their neighbors, as not providing freehold areas to the overseas investors. Due to this there is limited real estate sector development in Sharjah. Now with the ease in foreign policy, the emirates get into the fast lane.

Sharjah Asset Management (SAM), Project Developer, estimated that the plots could be handed over to the investors by October, 2016. The project will go a long way in helping business growth in Sharjah as there is direct access to Emirates Road and close proximity to the sea and airport.

To get more updates and news related to the industrial sector in the UAE region click here.

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:-

http://blog.ownaspace.com/now-buy-plots-in-sharjah-industrial-park/

Top Technologies Changing the Real Estate Future of Dubai

The terms such as ‘drones’ and ‘virtual reality’ were only the part of the future. Now it has been proofed to be true in today’s world. The recent technology of 3D printing, drones and virtual reality are becoming part of day to day life. These technologies have opened the door of new innovation, endless possibilities and applications. These new technologies are becoming the driving force for the real estate sector.

       1. 3-D PRINTING

In the recent times the 3D printing was used in the medical sector, building architectural models and simple plastic shapes. Dubai brilliant minds are planning to move one step ahead in 3D printing innovation, planning to 3D print an entire office along with things inside it.

       2. DRONES

Drones utilization has been put to vary from gaming to security. The key reason for its acceptance in public is the interest and involvement of big players. Real estate companies from cities like Dubai are using it in capturing HD images of skyscrapers, without the involvement of a team. There are also plans to develop a government drone service to have a better collaboration across public.

       3. VIRTUAL REALITY

Real Estate companies are incorporating virtual reality for increasing the customer experience. Dubai resorts are using virtual reality technology to improve the guest experience and market itself. The virtual experience is richer and more real.

Find out more about upcoming real estate projects in Dubai at our blog section! View thousands of properties in Dubai on Ownaspace.com

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:-

http://blog.ownaspace.com/top-technologies-changing-the-real-estate-future-od-dubai/

Is Investing in off Plan or Ready Properties Better?

When it comes to property investment there has been a long debate regarding the investment in off plan properties (the units that are under construction, or not readily available) and investment in ready properties. Each investment category has its own pros and cons which needs to be understood so that the right option can be opted for when it comes to investing money in real estate. Real Estate categorizes investors into too different categories, one of which are looking to yield returns immediately from the investment, and the later who would prefer to wait for yields but would look for better returns. Based upon individual investor’s requirement each kind of investment can be suited. The article further discusses about both kinds of investments in Real Estate sector.

Ready Properties Investments

Ready Properties investments are best suited for investors who are looking to earn returns from the investments immediately, in Dubai particularly when you investment in ready property for buy-to-let purpose, generally the net return returns average to around 7% to 8% in apartments and villas. Because, Dubai freehold properties can be owned by any nationality residing any part of the world with no property or profit tax, the ready properties are the most sought after investment type in Dubai. In Dubai, RERA looks after all the property registration and has a centralized database where all the property owner information are stored ensures that the property is safe and secure no matter whatever the condition would be. RERA hands out a Title Deed which is the property registration paper under the name of the owner which ensures that the property is under the owner name, and as per the law, the rental cheques are also issued under the name of the owner only which secures the returns on ready property. When it comes to risks, ready property investments have lesser risks as compared to any other investment, however, it is always advisable to deal with RERA authorized agencies and agents to ensure smooth transactions. Although these kinds of investments are secure and smooth, however one drawback is regarding the capital appreciation which does not grow at a significant rate especially if the community where the property resides is already developed.

Off Plan Investments

These kinds of investments are more suited towards the investors who are looking for better capital appreciation, higher returns on their investments and would prefer to wait until they wait. For any property in Real Estate the value of the property varies according to the status of construction of property. Usually when a new project is launched in Dubai, the construction of that project either does not start or retains at the excavation level at which the prices of the property are about 70% to 80% of the predicted price at the hand over. Although the off plan investments around the world are more riskier investments than ready properties, however RERA has put together important rules which ensure that all major rules are mitigated and the investments are made secure as much as they could be made. When it comes to registration, even off plan investments are registered with RERA similar to the ready properties, however in spite of Title Deed an Oqood paper is issued to the owner which ensures that the property belongs to that particular owner. As per Dubai’s real estate industry standards, generally 20% to 40% profit is yield by selling out the property when it is handed over. However, some investors do plan to yield returns through the rents which are more than 10% on average from the investment price and along the same lines, the capital appreciation also occurs which double benefits the investors.

When it comes to Dubai Real Estate investments, the investments choices are solely based upon the requirement of the investor and the budget he / she would have to allocate for the investments. SPF Realty is a leading real estate in Dubai with thousands of off plan and ready property investment options. Our consultants make sure that we offer the right option based upon your requirement so that you the get the best out of your investments. You can get in touch with SPF Realty through their website spfrealty.com or get in touch with one of the agent through http://www.spfrealty.com/find_agent.aspx

Author: Mohsin Ayub
Digital Marketing Specialist
SPF Realty

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:-

http://blog.ownaspace.com/is-investing-in-off-plan-or-ready-properties-better/

Top Apartment Renting Localities in Dubai

Dubai Marina extend to be the outright most liked location in Dubai for buyers and occupants, but Dubai Sports City is developing in admiration, according to the latest statistics.

“Although Palm Jumeirah, Downtown Dubai, Dubai Marina and Jumeirah Lake Towers Persisted firm favourites with buyers, Dubai Sports City’s position as a property hotspot seems to soar on 8th position this quarter,” the report said.

Rental rates for most apartments in Dubai maintained to grow in the second quarter of the year, but at moderation, between 1% and 10%. Rents in some locations, such as Deira and Shaikh Zayed Road, have not increased a bit, while in apartments Shaikh Zayed remain one of the most costly.

“Dubai’s property market has clearly bounced with prices growing by over 20 % this year even as new projects get launched every other week.

Residential rents in Dubai rose by an average of nearly 50% during the last two years, according to property consultants CBRE. While apartment rents cover the emirate surged 21 %, villa rates produced by 10 %.

It isn’t really exposing now, that rents and home prices in Dubai have been arising more quickly than anywhere else in the world.

A new fact on the first half performance of Dubai’s real estate market lists the most costly and inexpensive areas for housing in Dubai.

Not exceptionally, Dubai’s artificial archipelago Palm Jumeirah is the costly to rent as well as buy, with annual rents of a five bedroom luxury villa moving as much as Dh1 million and sales price moving Dh4,000 per square feet for the most premium properties.

But the tendency is changing, with the latest property reports designating that the rate of rental extension reduced to 1% quarter-on-quarter.

Rising rents combined with an exploding cost of living have also activated relocation from the prime communities in Dubai to economical areas in the emirate or even as far as Sharjah and Ajman.

To know more about Dubai real estate sector or upcoming events click here.

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:-

http://ownaspace.com/blog/top-apartment-renting-localities-in-dubai/

Property Laws in Dubai

In the UAE property-related rules have changed number of times in last 10 years, 6 month multi-entry visa or 2 year residency visa is accessible depending on the situation. The property should be worth in surplus of Dh1m and should be for one property only. The title contract is usually in one name and only that person can apply for residency, even if ownership is considered to be joint. The property should be finished and suitable to live in. The 6 month visa is easier to acquire and has lower costs, but must be renewed every 6 months. Multi-entry visas are obtainable to property owners in all 7 emirates, but people must apply to the Immigration or Naturalisation and Residency Department in the pertinent emirate. In this case it is the Department of Naturalisation and Residency Dubai.

It is possible to get a 2 year visa related to property ownership, but this comes with stricter regulations. The individual should own a property that is fully liveable with a cost of at least Dh1m, but they must own it outright without a mortgage. A copy of the title contract proving there is no mortgage must be added and there is a property visa fee and an administration fee. Applications must originally to the Dubai Land Department, will provide a certificate to the Department of Economic Development that concern an investor trade licence for a year. Those applications for property-related residency visas should be made to the related government department.

The freehold property market in Dubai started in 1998 when the Dubai Marina plan was started. There was no freehold property law, and villas were sold out “leasehold”, on 99 year leases. In 2002 at act was issued by the Dubai government allowing freehold rights to non-GCC nationals buying a freehold property in Dubai means that you own the property forever or until you choose to sell it. You are granted to pass this property to your family.

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:- http://blog.ownaspace.com/property-laws-in-dubai/

New Destination of Anil Kapoor – Al Furjan Dubai

Dubai is my second home; as said by bollywood actor anil kapoor has bought many of properties in Dubai, his statement was reported on Tuesday. This 59-year-old Indian actor has worked in numerous Bollywood movies and western blockbusters such as ‘Slumdog Millionaire’ and ‘Mission: Impossible are commendable and short but impressive appearance in Ghost Protocol’ with Tom Cruise is good too. He has reportedly bought units in Danube Properties’ Ritz project in the Al Furjan, Dubai.

The project, situated near the Ibn Battuta mall and comprising 452 fully-furnished apartments, already has strong links to the Indian community. This project Ritz is being constructed by Danube Properties, which is part of the Danube Group, owned by businessman Rizwan Sajan, with a fortune of $828 million, he is ranked the 17th richest Indian in the GCC in 2015.

Location, affordability and high rental yield are the 3 key factors, which have driven TV and Bollywood star Anil Kapoor to buy property in Dubai’s real estate market. and affordable prices of property in the project with the surety of good rental returns here in Dubai are almost 10%, which is fantastic. It is the good time to invest money in the property market here. and the mode of payment provided by Danube is also suitable and does not put lot of tension on buyer who wants to invest in property.

Presently Shilpa Shetty is publicizing the project with the company’s prior brand ambassadors being Juhi Chawla and Sunil Gavaskar. Some other Bollywood actors such as Shah Rukh Khan and Sohail Khan are also promoting projects in the emirate as well.

The first tower of the Ritz project had been already sold and some portion of the second tower has been pre-sold even before the launch. This project is only 800 metres from the Metro station; which is convenient for transportation; going to push the prices higher. In 2015, Indians alone have spended Dh20 billion in the real estate market, the total investments in the realty sector crossed Dh135 billion, of which nearly Dh74 billion was made by non-Arab investors.

Another big reasons for investing here is safe haven for investors, provides capital appreciation and impressive rental income. Average rental returns in India are 2.22% per year, while here in Dubai net rental yield range from 6% to 8%.

Get Connected to us on Social Media:

Facebook: https://www.facebook.com/ownaspace

Twitter: https://twitter.com/ownaspace

Pinterest: https://www.pinterest.com/ownaspace

Google Plus: https://plus.google.com/+OwnASpaceDubai

Website: http://ownaspace.com

 

Source Url:-

http://blog.ownaspace.com/new-destination-of-anil-kapoor-al-furjan-dubai/