15 May 2012

Arabian Ranches Villas – The best performing Dubai property of Q2

No Comments Uncategorized

The predictions made earlier by the real estate experts and market analysts about recovery of Dubai real estate in 2012 have come true. Their claims are now supported by the fact that rates and rental values of luxury properties in Dubai are booming once again. Many estate agents in Dubai are of the view that the realty market right now favours buyers and tenants more than the sellers. It is true to some extent as the expats now find themselves in a better position to choose the property of their choice. The tenants who shared apartments with group of friends or co-workers back in mid 2000s have now shifted to villas in Dubai along with their families. Dubai is becoming once again an expats and tourists friendly destination.

The potential posed by UAE’s realty market in early 2000s convinced the developers to target the wealthy as well as middle-income expats in Dubai. Therefore, there is no shortage of residential and commercial infrastructure in the city. However, the recovery rate in posh developments is faster and more apparent and villas in Arabian Ranches are on the top of the list. As compared to 4% or 6% price surge observed in other villa developments during last one year, Arabian Ranches experienced a price hike of as much as 15%. The community offers various villa choices for the clients and the percentage of this increasing price is different for different segments of the community. The variables that determined ratio of price surge in Arabian Ranches villas include the location, villa size and its surrounding.

Other than being a posh development, there are various factors, which make Arabian Ranches a likable community in Dubai. Most of the residents of Ranches have picked it because they wish to be away from the regular city life yet close enough to access it whenever they want to. Arabian Ranches’ location on Emirates Road makes it highly accessible from Abu Dhabi, Dubai, and Al Ain. For those who relate the Middle East lifestyle with vast and open desert land and appreciate being close to nature yet aided with raving luxuries synonymous to Dubai’s lifestyle, Arabian Ranches is the place to be at. The architecture of the villas in Arabian Ranches, landscaping of the surroundings, interior designs and fixture quality of the villas, and presence of the finest clubs and community centres are some of the reasons why the community is among the first few developments to regain its stature in UAE real estate.

08 May 2012

Flourishing hotel industry strengthening Dubai’s realty sector

No Comments Dubai Properties, Dubai Real Estate, News and Updates, UAE Real Estate

Dubai real estate has suffered a lot in the hands of international economic crunch but this property crash has turned out to be a blessing in disguise for its established and luxurious hotel industry. Just four years after the notorious property slump that apparently sabotaged UAE’s realty market, the region’s hotel industry has gone up by 10%. These statistics are encouraging the investors to start construction work on various postponed hotel projects, including the world’s first underwater thus quite an astonishing hotel i.e. the Water Discus Hotel.

The land developers in Dubai are well aware of the Tanmia Initiative that is known for inspecting the halted projects by weighing their specs and later deciding if certain projects are fit for construction resumption. Experts believe that real estate projects that were targeted at the tourists in Dubai would now get better ranks in Tanmia’s priority list. The reasons behind increased tourism and thus hiked price of hotels’ fairs is believed to be the real estate crash as these crises made people believe that Dubai is no longer a very expensive city. Later, the steps taken by Dubai Government, RERA and DLD made Dubai an even friendlier destination for tourists.

Owing to elevating tourist activities in the region, UAE hotel industry is active once again. The noticeable step in this regard is the announcement of long anticipated details about the Water Discus Hotel. The news was coupled with signing of a contract between the building company Drydocks and a Swiss Company known as Big InvestConsult. Being home to some of the strangest yet most luxurious structures on the globe, Dubai is the perfect city to have yet another architectural wonder of the world. It is beyond any doubt that strengthening of UAE’s hotel industry will be an indirect yet substantial support for the business of property in Dubai.

According to information that was made public, the disc shaped hotel will be partially under water with one disc few meters above the sea level and the other 10 meters under the water. The upper disc would house the reception area, spa, and a restaurant. A glass walled shaft with stairs and elevator will connect the two disc. With 21 rooms fixed with glass walls in the lower disc, the underwater section would be used for accommodation purpose. The developers of the Discus Hotel and the officials from the Big InvestConsult believe that the underwater living experience will not only be soothing for the guest but a very enthralling yet highly safe experience.

 

27 Apr 2012

Dubai gives a message to the world by indicating a possibility to resume stalled projects

No Comments Dubai Properties, Dubai Real Estate, UAE Real Estate

When the government of Dubai introduced the Tanmia Initiative last year, many international investors were still sceptic if it would do them any good to Dubai real estate. But as the events have unfolded, the picture has become clearer for both developers and investors who have begun to see the light at the end of the tunnel. With the reports pouring in and out of Emirates regarding the possible resuming of nearly three hundred stalled projects, a wave of hope has been felt not only amongst the developers but also the investors who had previously rid themselves of their Dubai real estate investment and scooting back home.

During the midst of the global economic crunch, Dubai property market turned into an international investor repelled industry where many of them packed their bags and flew to their other greener pastures. Delay, halting and cancelling projects contributed the trend of abandoning the drowning ship, leaving Dubai real estate sector in a hapless shape. While some investors were rather pleased to find an excuse to flee the market, many were rather appalled upon learning about government’s way of dealing with oversupply by putting future delivery of newer units on hold or cancelling it altogether.

The possibility to resume nearly three hundred stalled projects has given hope to the investors who left Dubai with a heavy heart. Now that much of the issues of oversupply have been curbed by the government, many investors want to take advantage of the Tanmia Initiative to try and resume their halted projects. The news of patchy recovery in various high-end developments is a reason strong enough for investors to give Dubai a second go. This news coupled with the fact that the prices of properties and their rent in Dubai has, for the most part, bottomed out, has renewed interest of international investors in Dubai real estate sector.

23 Apr 2012

Increasing value and demand of property observed in Dubai’s prime locations

No Comments Dubai Properties, Dubai Real Estate, UAE Real Estate

The last many years for Dubai real estate have been marked with news and views contradicting one and another. One day a report claims that value of Dubai property has touched pre 2008 mark and the next day we get to know that the market has bottomed out. Readers hardly find anything authentic and reliable about the status of UAE realty market as internet is flowing with fabricated reports and misleading analysis. However, in the midst of so many confusing reports, we have been able to figure out one thing i.e. the value and demand of property in Dubai’s prime areas is increasing.

Several Dubai estate agents and companies claim that they have been closing many real estate deals in established areas of Dubai at higher rates and this trend is observed from the last more than one year. Some of the areas where demand as well as price of property is rising include Dubai Marina, Business Bay, Downtown Dubai, and DIFC. These agents claim that, after the real estate crash of 2008, the mentioned areas are experiencing a record high demand. Therefore, they believe that adding new properties in these areas would not do any harm to the performance of Dubai real estate but instead support this sector.

The investors and buyers seem to be on a hunt for Dubai apartments for sale so that they can cash-in increasing value and demand for rental in Dubai’s posh areas. Unfortunately, recovery in fewer locations of Dubai does not define the overall situation of the market and at the same time, increasing demand in prime locations cannot be ignored. Therefore, the experts believe that Dubai property market has to be divided into segments and treated accordingly. It would be completely illogical to ignore the demand of new developments in some areas to apparently support the areas where buyers do not seem to have much interest already.

 

13 Apr 2012

Dubai International City – Where everyone feels at home

No Comments Dubai Properties, Dubai Real Estate, UAE Real Estate

With its unique inspiration from global architecture, Dubai International City compliments the diverse nature of properties in Dubai. Since Dubai’s population is primarily composed of expats from all over the world, to develop a community where everyone feels at home was actually a requirement, which  is the basic idea behind development of the International City Dubai. The popular architecture from all around the world combines to form the outlook of International City. The City spreads over an area of 800 hectares and can accommodate as much as 60,000 people.

Most of the expats in Dubai like to live with families from their own countries or region so that they can share similar activities and built a homey feeling. This could be possible only in Dubai – the city where impossible is nothing. The architecture of dozens of countries of the world combines to compose The International City. However, the community does not target wealthy expats alone. To keep the prices under control and in reach of expats from different financial backgrounds, The City features studio and two bedrooms apartments.

The International City comprises of 5 districts including Lake District, Residential District, Dragon Mart District, Central District, and Forbidden City. Many offices, retail areas, chain stores, branded outlets, spas, saloons, banks, and leisure clubs make the life here full of activity and fun. The International City is that residential unit in Dubai where the expats can be sure of being surrounded by the families from their homeland as well people who know the concerns of foreigners. Nakheel has offered the best face of community living in Dubai by developing The International City.

The communities located in the residential district of The International City are primarily a glimpse of architectural beauty from countries such as England, Greece, Spain, Persia, Morocco, Itlay, Russia, France, and China. The development work is on in different districts and is affected by the demand these units experiences in Dubai Real Estate. This project is detailed and special care is been taken to make sure that no aspect of community living is ignored while developing themed districts in The International City in Dubai.

06 Apr 2012

“The World” dealing with cancelled projects

No Comments Dubai Properties, Dubai Real Estate, News and Updates

Dubai has been home to some of the most unusual real estate projects of the world. A few years ago, such projects attracted much interest from the foreign investors and architects. The situation is not the same any more as many companies and investors find it unsafe to flow heavy investment in Dubai real estate. These dropping interests are affecting the rate of construction and development work in property projects of Dubai. One such project, which was previously very popular among buyers, sellers, investors, and Dubai estate agents, is The World. The project is now facing some legal issues over delayed completion and RERA confirmed that one of the projects at The World, i.e. Jasmine Garden, is to be cancelled.

Jasmine Garden, the residential resort on Thailand Island, is facing construction challenges and therefore, delays have been observed in it. These delays were noticed by the concerned authorities and after legal proceedings, RERA decided to take legal actions against it. Nakheel, the developer of this project, initially denied the rumors about cancellation of Jasmine Garden project but they are now offering refund to the stakeholders. RERA has advised the investors same about the refund refund. The real estate laws are well defined in Dubai and they offer equal protection to the investors, therefore no hassle is witnessed among the clients. Nakheel has also made it clear that 100% refunds (in instalments) will be offered to those who had stakes in Jasmine Garden.

One thing in this entire situation is very encouraging i.e. the real estate authorities in Dubai are active and observing every real estate development to make sure that only those projects get legal protection and assistance, which protect clients’ investment and meet the conditions set by the Real Estate Regulatory Authority. Such steps are strengthening real estate investors’ faith in the region and at the same providing an equal chance to different developers and halted projects properties in Dubai to get the due protection and promotion that they deserve.

30 Mar 2012

Nakheel boasts record high rates of property in the Palm

No Comments Dubai Properties, Dubai Real Estate, News and Updates

Nakheel has been the master developer behind various magnificent projects in Dubai. It enjoys a strong reputation in Dubai real estate. As per the value and demand of properties developed by Nakheel, buyers and investors seem to have increased faith and interest in them. In fact, development work at several of Nakheel’s projects continued throughout the time when many companies in Dubai had shut down their setup after the real estate crash of late 2000s.

Nahkeel stayed put throughout the depression phase and is reaping the fruits now. Many investors, companies, and independent buyers have strong stakes in properties developed by the company. Some of these popular residential projects developed by Nakheel include Discovery Gardens, Jumeirah Islands, The International City, Jumeirah Lake Towers, The Universal Islands, Jumeirah Village, and Jumeirah Heights.

According to recently released data by the authorities at Nakheel, the rate of property in Palm Jumeirah has increased beyond their pre- crises rates. The company claims to be now experiencing record high price of property in The Palm where rates have reached the staggering high mark of Dh16,150 per square meters. Authorities believe the rising queries about apartments and villas in the island suggest that a further rise in their price is likely to be observed.

An impressive 9% increase has marked the first quarter of the year 2012 for Nakheel properties as compared to the 5% rise of value observed by the end of 2011. This data is encouraging Nakheel to finish its remaining projects with more enthusiasm and experience the similar hype and demand for its new projects. The same report claims that the occupancy rate in the projects that have been handed over by Nakheel is 100%.

The data shared by Nakheel suggests that making an investment in properties developed by Nakheel would be a secure option for individuals and companies who fear instability in Dubai properties.

22 Mar 2012

Villas in The Springs, Dubai enjoying price hike of 30%

No Comments Dubai Properties, Dubai Real Estate, News and Updates

Villas, the most demanded property in Dubai, are experiencing a notable price hike of up to 30%. The experts believe that the increasing price of these villas is neither exaggerated nor time-bound but simply a response to their rising demand in Dubai real estate. Among the residential units, which are experiencing a rise in price, The Springs remain on the top of list. The past six months have witnessed a slow and gradual rise in the value of The Springs villas, which has convinced the real estate brokers that this is not just another bubbling situation rather something real and long lasting.

This price hike is negating many speculations about the real estate market of the UAE and the stakeholders of Dubai property as well as the investors are getting their faith back in the property business. It is however interesting to note that prime beneficiary of the increasing villa value has been The Springs, a popular community developed by Emaar, which is known best for offering higher value of lifestyle to the residents at affordable rates. With a notable increase of 30%, these luxury villas appear more lavishing and worth living in than ever before. The increase in price is of course reflected in the same manner on the rental values of these villas, making The Springs a highly desirable community among other housing units in Dubai rentals.

Many real estate brokers are rather surprised at the elevating demand and value of villas in The Springs but the property experts were always of the view that the villas in Dubai would be the first property type to show the signs of stabilizing Dubai real estate. The residential trends observed lately in Dubai revealed that villa lifestyle is preferred by the majority of expat families in Dubai, which make more than 70% of Dubai’s total population. These facts combine to nullify the rumours about another property bubble burst in the UAE real estate.

14 Mar 2012

New villas available in Arabian Ranches

No Comments Dubai Properties, Dubai Real Estate, News and Updates

The steady supply of finished homes in Dubai real estate is one of the ways to check the activity in this sector. Various new projects are launched every now and then and offer buyers and investors a chance to reap benefits of their investment made in real estate. One such project belongs to Emaar Properties, which is a reputable name among Dubai land developers. The news is that a limited number of golf homes are available in Arabian Ranches and there already is enough buzz among the buyers and Dubai estate agents about these villas.

The reason behind such massive popularity of these villas in Arabian Ranches is that they are designed to arouse the aesthetics and creativity of the residents by offering them room to customize the interior. The means to add personal touch in the Arabian Ranches Villas is not limited to the interior alone, Emaar Properties has reserved enough space for further extension in each villa. The elegant Spanish architecture of these villas radiates the sparkles of high-end property in Dubai. Spread around them is a lush and lavish golf course, which adds tranquility in the surroundings and offers a spectacular view from the Spanish window of the villas.

The very idea of offering customers a choice of location and interior development of the chosen villa has been appreciated by stakeholders of real estate in Dubai. The mentioned factors combine to make these villas in Arabian Ranches worth every penny. The lush view of golf course makes these villas a perfect choice for connoisseurs who know the true worth of a well aided golf community. The buyers can choose between the available three floor plans, namely Suncadia, Castilla and Hacienda, which are spread over an area of 9,000, 8,270 and 7,000 square feet respectively.

Depending on the request made by the owner of the mentioned villas, a construction area ranging between 5,000 to 10,000 square feet can be added in these villas. The fully facilitated and active Arabian Ranches Golf Course, which is spread over an area of 247 acres, dominates the scenic value of the community. In addition to the fine architecture of the residential units and lush golf course spread around them, Arabian Ranches Clubhouse and Ranches Restaurants attract a buyers and investors attention. Anyone who interested in owning one of these limited villas in Arabian Ranches should make the move now!

06 Mar 2012

Bayut revises ranking criteria for its property listings

No Comments Dubai Properties, Dubai Real Estate, News and Updates, Tips for Investors

The past few months have been the months of change for your favourite Dubai real estate portal where the site made a lot of changes to accommodate its ever expanding clientele as well as property listings. While many of you would be aware of the superficial changes that have been made on Bayut, hardly any has a clue as to what some of the other plans are. Underneath the exterior, there is extensive work going on in the background that makes Bayut the leading Dubai property portal in operation today.

One of the recently implemented changes in the site is related to its property listings and their ranking algorithm. The site was previously using a fairly simple setup were property listings (which also includes Hot Properties), were listed chronologically where the recently updated properties would rank higher than those which were updated a while ago. Although the parameter for these rankings may have been altered, but Bayut still offers all of its clients an equal opportunity to get a better ranking for their properties by keeping the following pointers in mind.

  • Number of images – adding more images gets your property a better ranking on Bayut’s property listings. While adding more images, do bear in mind that repeating the same images for your properties can cause you to lose your rank. So, add more and more unique images, without repetition and earn good points.
  • Property overview – writing a good descriptive overview which lets the reader know more about the quality, location and other important unique details about each of the property listing that you are adding. Do not shy away from writing long details because the lengthier, the better.
  • Pinpointing it on Google Map – giving an exact location of your property by pinpointing it on Google Map would help prospective clients get a better idea about your property is located in Dubai or anywhere else in the UAE. Bayut gives you the option of either specifying the location by using Google Map or including the longitude and latitude details in your .xml feed. Doing any of the above mentioned things fetches you good points for your ranking in property listings.
  • Features not all properties are the same. So we’d like you to add as many features of your property, in an attempt to build a sound profile for your listing, as you like. You can use this opportunity to tell us what sets your property apart from others. Now while you might want to use it to market your property, do bear in mind that any duplication of features, which you may have added for your other listings as well, costs you ranking points rather than win any.
  • Floor plans – for better understanding of your property structure, add floor plans in your listings. These floor plans obviously are unique to all properties and thus should only be used once to let people have a better idea about your asset.
  • Hot Properties – while Hot Properties listing gives your property 400% more exposure, it also works on the same search parameters that apply on regular searches. So the idea is pretty simple. Buy more Hot Properties credits, build a good profile for you property, and earn a good rank.

Now that we have practically spelled out the process of getting a good rank, all you have to do is use the magic spell and get maximum exposure for your property!