2015 Extended New Year Highlight Official Video - Burj Khalifa Emaar

Off Market Investment Opportunity On The Palm Jumeirah 8-12% ROI

 In 2013, it is estimated that more than 10 million visitors arrived in Dubai, pushing hotel occupancy rates up to 80% on a city-wide basis. With aggressive plans to reach its goal of 20 million visitors by the end of the decade, it’s expected that Dubai’s hotel supply will need to nearly double from 68,000 to 120,000 rooms. Only a small percentage of those rooms are able to be built on the emirate’s most highly-sought destination and home of the resort the Palm Jumeirah. 

I am writing to offer you an exclusive “OFF MARKET” unlaunched investment opportunity on the Palm Jumeirah!  Allow me to introduce you to the Exquisite Beach Resort Project.

Exclusive stock of 30 units available to purchase (10 already booked since Thursday), not yet available on the market in the Luxurious  Project on the Palm Jumeirah – we can offer you the opportunity to “cherry pick” the best units on this ocean front development!

This is a rarely available investment opportunity to buy into a “rental pool” serviced hotel apartment offering.  The developer is highly regarded with two existing developments in conjunction with the Fairmont Hotel group on the Palm Jumeirah.  This is their most exclusive development to date with the highly sought after “Miami Style” Hotel apartment living (featuring Kenzo Maison for the lobbies and communal areas) with all the amenities and luxuries offered by a hotel environment.  This type of product is particularly popular amongst investors who appreciate the rental yield of between 8 and 12% pa along with having available weeks for your personal disposal.

We would recommend entering into the hotel rental pool although there are separate residences available too

Payment Schedule for these units is very attractive with 10% on reservation of the unit, 10% 90 days later and then 10% payments upon completion of stages of contraction as per rules of RERA.

We would advise committing to the project until at least 70% completion to see maximum returns on your investment or better still take advantage of the yield and sell one year post completion.  The current similar rental pools which exist in the Address Hotel Brand both in the Marina and Downtown both have at least one year waiting lists to enter the rental pools, rarely come available for sale and when they do the units are sold with a premium for the privilege of being part of the pool.

When comparing these prices to ready Emaar apartments in Downtown and Dubai Marina, you can really grasp the investment potential here. Those projects are currently AED2200 + however they do not offer hotel resort environments, on the beach on the Iconic Palm Jumeirah.  They also do not provide yields of 8-12% which are expected with this development if entered into the hotel rental pool.

Should you wish to discuss this opportunity further and would like to receive a brochure or to visit the development,  then please do not hesitate to contact me and I shall be delighted to assist you and choose the best unit available for your investment!

edithmakena@gmail.com or +971557162933. Edith.

Costliest and cheapest areas to rent 2-bedroom apartments in Dubai

Palm Jumeirah costliest but Discovery Gardens shows maximum increase

Palm Jumeirah is the costliest community to rent a two-bedroom apartment in Dubai, but Discovery Gardens registered the maximum increase in the first quarter of 2014, according to a new report released by Land Sterling.

Average rents for two-bed units in Palm Jumeirah were at Dh170,000 per annum, rising 6 per cent in the first quarter compared to the final quarter of 2013, Land Sterling said in its Q1 report.

Discovery Gardens saw rents jumping 13 per cent to Dh90,000 per annum during the same period.

IMPZ and Business Bay saw rents for two-bed units rising by 12 per cent each.

Units were leased on average for Dh83,000 pa and Dh145,000 per annum, respectively.

Downtown Dubai saw a 3 per cent hike in the first quarter, compared to Q4 2013, and is at Dh165,000 per annum on average.

Dubai Silicon Oasis rose by 2 per cent with average rents being Dh87,000 pa.

In International City, on an average, a two-bed is being leased at Dh70,000 pa, with a quarter-on-quarter increase of 8 per cent.

Earlier this month, Asteco Property Management put the rental increase quarter-on-quarter for Palm Jumeirah, Discovery Gardens and Downtown Dubai at 3, 4 and 6 per cent, respectively.

With the population of Dubai expected to grow to 3.1 million in 2020 (at an assumed CAGR of 5 per cent), analysts estimate housing requirement to increase by 170,000 units in 2020, the report said.

“In the run-up to World Expo 2020, most of the city's supply estimates - residential, office, retail and hospitality - are being built based on the development requirements needed to host such an international event.

“Though developers may favour hospitality projects over residential ones during this interim period, housing supply needs to be maintained at the current historical average of 21,000 units per year to avoid any shortage, which may result in spikes in sales price and rent,” Land Sterling analysts asserted.

Emirates 24|7 reported earlier that Dubai was unlikely to witness oversupply of housing units with experts and developers ruling out any glut in residential market.

HSBC Global Research said this month that Dubai will see a supply of 90,000 new units by 2018, but the market will absorb – fairly easily — the new supply even if the population grows less than 5 per cent per year.

“We believe that we have not yet reached the peak of the cycle, and that the market can continue to absorb the expected supply additions over the next few years, even at a population growth rate below 5 per cent,” the bank said.

Burj Khalifa Pinnacle BASE Jump. Jumping from the world's tallest tower

Jumping from the tallest tower in the world. Soul Flyers World Champions Vince Reffet and Fred Fugen break a new World Record by BASE jumping from above the pinnacle of the World's Tallest Building. #Burjkhalifa You can Imagine the Rush and these views are amazing.

The Last Great Investment In Down Town Dubai With Amazing Burj Khalifa Views

New Downtown Dubai project: Prices @ Dh1,800 psf
Project completion by December 2016

Elite Downtown is located next to Emaar’s Southridge cluster. (Supplied)
A Dubai-based private developer will be launching a new residential tower in Downtown Dubai and will sell units starting at Dh1,800 per square feet, Emirates 24|7 can reveal.

Now a Privileged Selection of customers will have the opportunity to own luxury homes within the 'Elite Downtown Residence' the newest masterpiece in Downtown Dubai.
The homes will be with premium finishes and luxurious amenities, the Elite Downtown Residences homes in the center of Dubai will be a 24-storey tower, which also features a five star premium pool and gymnasium and numerous other facilities.

“We will soon be launching Elite Downtown Residences, which we plan to deliver it in December 2016,” .

A View On Dancing Fountain                                    

Elite Downtown Bay View

Elite Stylish Design                                    

Elite Lobby                                    

Elite Tower Plot Location                                    

UNIT PRICES

Elite Private Gym                                    

Elite Privately Designed 

Exquisite Living Space                                    

Elite DTR Location Map                                    

3 years payment plan

In the past 18 months, Emaar Properties, Dubai’s largest developer, has launched series of projects The Address The Blvd, The Address Residence Fountain Views and Burj Vista in Downtown Dubai.

Damac Properties, a private developer, is the only other developer to have launched projects in the 500-acre master community, which has a development value of $20 billion.

Currently, off-plan properties in Emaar projects are selling between Dh2,400 and Dh3,500 per square foot in the secondary market. Prices, however, vary with the view and floor of the tower.

“We are not putting any clauses to ban speculators. People can buy and sell,” Beg added.

Emaar has already banned local real estate from selling any off plan property, bought in their own name, till completion. Investors have to make 40 per cent payment to sell in the secondary market.

The tower is located next to Emaar’s Southridge cluster and is being built by Triplanet Range Investments Ltd, which is a joint venture between Triplanet International and Range Investments. It will house nearly 200 furnished apartments.

Knight Frank’s Prime Global Forecast report has revealed that Dubai will top of the list of global cities that will witness double-digit price growth in 2014. It expects 10 to 15 per cent increase in prices.

The developer has already launched seven projects in Dubai Sports City of which five have been delivered and two in handover stage.
CONTACT ME FOR MORE DETAILS ON THE SAME.

http://www.emirates247.com/property/new-downtown-dubai-project-prices-dh1-800-psf-2014-01-08-1.533878