Dubai - in 360 degrees IS LIVE!, “world’s largest interactive city tour”

DUBAI // Anyone with an internet connection can take a virtual tour of Dubai as Dubai360.com went live today.

The website boasts of allowing viewers to explore every angle of the city from the comfort of their homes.

Developed over 18 months and using 1,298 pieces of panoramic video and photo content, it claims to be the “world’s largest interactive city tour”.

“Dubai 360 is illustrative of what Dubai stands for. It started off as an idea and was brought to life through the passion of talented and committed individuals. The project showcases the very best of what Dubai has to offer and we will continue to use the platform to demonstrate the progress the city makes,” said Ismaeil Al Hashmi, project manager for Dubai360.

“With Dubai360.com, whether you live in Dubai or are planning a visit, you can discover something new in the city every day. From the cultural area of Bastakiya to luxury hotels and the Dubai International Airport, this project has something for everyone, making it an exciting way to explore Dubai,” Mr Al Hashmi said.

The Dubai360 project was created by professionals equipped with best-in-class medium format, DSLR and video cameras.

A total of 500,000 individual photographs were needed to create the still and time-lapse panoramas and over 8 terapixels (8,000,000 megapixels) of imagery were required not including the videos.

From helicopters to rooftops, the making of Dubai360 provided the team with unprecedented access to city landmarks.

The Dubai360 team said it developed a custom interface for the website that enables viewers to interact with Dubai’s landmarks providing a number of viewing options including “rectilinear”, “Little Planet” or “fish eye” views.

Users can share their favourite views with their friends through such social media channels as Facebook, Twitter, Google+ and over email.

http://www.thenational.ae/uae/technology/dubai---in-360-degrees 

Dubai's Emaar says watching market conditions for Hotels IPO

Emaar Properties, Dubai's largest listed real estate developer, is watching the markets closely to make a decision on a time frame for listing its hotels business, the company said on Thursday.

"The timing of the IPO will be dependent on the market conditions. We are watching the markets closely and will take a decision to list at the appropriate time," an Emaar spokesperson said in an emailed statement to Reuters.

This comes after a Bloomberg report said Emaar had hired Rothschild as advisor for a planned listing of the hotels operations in the second half of this year.

Shares in Emaar were up 2.6 percent to 7.90 dirhams in early trade on Thursday as part of an overall market rally.

"Emaar's strategy is to make its business segments independent listed companies. This approach aims to provide the businesses with appropriate financial and operational means to grow faster and become among the most successful companies in their industries," the statement added.

The developer sold a 15.4 percent stake in retailing unit Emaar Malls Group in an initial public offer in September, raising $1.6 billion after a heavy oversubscription. After the listing, it said an offer of Emaar Hospitality would follow "as soon as possible".

Earlier, Emaar Properties also revealed it has agreed with banks to slash the interest rate on a $500 million syndicated loan, in the latest example of a local company winning a cut in funding costs from cash-flush bank lenders.

Dubai's largest listed developer and a bellwether of the emirate's main bourse, Emaar said in a statement to Reuters that as of December 11, the pricing on the loan had fallen by 1.5 percent, with banks agreeing to the London interbank offered rate plus 1.25 percent.

Margins on the loan will range to 1.75 percent based on loan drawdown proportions, it added.

The loan was signed in September 2013 with $450 million to mature in 2018 and $50 million to come due in 2020, according to Thomson Reuters data. Emaar did not reveal how many banks were in the syndicate or identify them by name, but said it mostly consisted of banks from the United Arab Emirates.

Emaar reported a 21 percent rise in third-quarter net profit in October. Dubai's government has a minority stake in Emaar.

AED 218 Billion Real Estate Transactions for 2014 Dubai Land Department Reports

Authority records AED 150 billion land sales and mortgages
Sales acquire 51% of the total transactions
Al Thenaya Al Thaletha and Al Barsha South most attractive areas for investors

Dubai, UAE, January 13, 2015:Dubai Land Department 's ( DLD) annual report issued by Real Estate Research and Studies Department has announced that the total amount of real estate transactions recorded in the emirate last year exceeded AED 218 billion, through 53871 transaction. The same report showed that last year's transactions were diversified and were all over Dubai.

Commenting on the results, HE Sultan Butti Bin Merjen, Director General of DLD , said: "The real estate market has shown a clear ability to gain momentum from year to year, in addition to maintaining sustainable growth, as well as the trend towards maturity. This would help DLD in achieving Dubai's mission to be a global real estate leader in attracting investments."

In details, the report reveals that the sales accounted the total value of transactions at 51%, and it acquired the lion share from the other categories, while the share mortgages accounted 44%, leaving all remaining operations at only 5%. The total number of transactions in term sales reached 38,113 transaction with the value exceeding AED 112 billion. The market recorded 12,511 mortgage transaction exceeding AED 97 billion, while the remaining operations accounted 3,227 transaction with a total value of AED 10 billion.

Sales and mortgages relating to land transactions recorded more than AED 157 billion from the total real estate figure for 2014, with the total of 14,939 transaction. The commercial lands (already built on) acquired the lion share in terms of value for the type of land with 38% in total. Looking at the value of transactions by the kind of property, we find that the buildings and units transactions exceeded 38,932 transaction with a total value of AED 60 billion during 2014.

The Al Thenaya Al Thaletha area of Dubai was revealed to be the most attractive for investors, with the value of its transactions from sales of lands reaching AED 4.71 billion through 1,427 sale transaction. This was followed by Al Thenaya Al Khamesa with a total of 1,016 sale transaction worth of AED 4.29 billion, where Al Barsha South 4 took the third place with 910 transaction worth AED 4.58 billion.

Business Bay took first place in apartment sales, with 4,315 transaction with the value of AED 7.20 billion, followed by Dubai Marina with 4,121 transaction with the value of AED 9.17 billion, while Al Thenaya Al Khamesa came in at third with 2,615 transaction with the value of AED 3.40 billion

With regards to buildings, Al Thenaya Al Rabe'a were the most prominent among all districts through their generation of sales with total of 396 transaction with the value of AED 988 million, followed by Wadi Al Safa 6 sales with total of 237 transaction with the value of AED 656 million, while Al Barsha South 4 came in third with total of 166 transaction with the value of AED 359 million.

Looking at the top five areas in terms of mortgages transactions for the year 2014, "Al Thunaya Al Khamesa" topped the list with 513 mortgage transaction with total value of AED 1.68 billion, followed by "Al Barsha South 1" with 255 mortgage transaction with total value of AED 260 million, while "Al Barsha South 5" came in third with 197 mortgage transaction with total value of AED 384 million.

-Ends-

© Press Release 2015

2015 Extended New Year Highlight Official Video - Burj Khalifa Emaar

First rental index update of 2015: Dubai housing rents up 6-25%

Two-bed units in Remraam register highest increase; JLT, Palm Jumeirah remain stable

By 

Parag Deulgaonkar

Published Sunday, January 04, 2015

Lease rates for apartments in International City, Dubai Silicon Oasis and Discovery Gardens have jumped by 9 to 18 per cent. 

Rents across some of Dubai’s master communities have risen by 6 to 25 per cent in the first rent index update of 2015 compared to the final rent index of 2014, a comparison done by Emirates 24|7 reveals.

Lease rates for apartments in International City, Dubai Silicon Oasis and Discovery Gardens have jumped by 9 to 18 per cent as per the first 2015 rent index compared to the last update of 2014.

The highest increase has been recorded in Remraam, where two-bed units have seen a rise of 13.13 per cent to 25 per cent.

The rent index is updated by the Real Estate Regulatory Agency (Rera), the regulatory arm of Dubai Land Department, every four months.

Rents for studio apartments in International City, the cheapest among major communities, are up by 14.28 per cent on the high band. Rates start at Dh30,000 to Dh40,000 per annum as against Dh30,000 to Dh35,000 pa in 2014’s final rent index.

Leases for studio units in Dubai Silicon Oasis and Discovery Gardens have both registered an increase of 12.5 per cent and are currently between Dh35,000 and Dh45,000 pa and Dh45,000 to Dh55,000 pa, respectively.

Downtown Dubai remains the most expensive community to rent a studio apartment though rents have risen between 6.66 and 7.69 per cent compared to the 2014’s final rent index. Leases range between Dh70,000 and Dh80,000 pa.

Rents for one-bed apartments remain the lowest in International City and Dubai Investment Park. One beds in the two communities stand at Dh40,000 to Dh50,000 pa.

The highest increase in two-bed apartment has been recorded in Remraam, with the upper band of the index increasing of the index increasing by 25 per cent. Leases vary between Dh75,000 and Dh85,000 pa compared to Dh60,000 to Dh75,000 pa.

Lease rates of one and two-bedroom apartments in Jumeirah Lake Towers (JLT) and Palm Jumeirah have remained stable. Rents for one- and two-bed units remain at Dh130,000 to Dh160,000 pa and Dh180,000 to Dh230,000 pa, respectively.

Similarly, lease rates for one- and two-bed units in JLT stand at Dh80,000 to Dh100,000 pa and Dh120,000 to Dh150,000 pa, respectively.

Dubai Marina saw rents for studio and two-bed apartments increase as well. Rates for studio units rose by 9 to 11 per cent with leases varying between Dh70,000 and Dh80,000 pa, while rates for two beds vary between Dh140,000 and Dh190,000 pa, showing an increase of 11.76 per cent for the upper band.

In fact, the Dubai government has issued Decree No. 43 of 2013 concerning the percentages of maximum property rent increase that are to be allowed upon renewal of tenancy contracts. The rent increase slabs are as follows:

# No rent increase if the rent of the property unit is less than 10 per cent of the average rent of a similar property in the same residential area.

# If the rent value is between 11 and 20 per cent less than the average rent of a similar property, the maximum rent increase shall be equal to 5 per cent of the rent value.

# If the rental value of a unit is between 21 and 30 per cent less than the average rent of a similar unit, the maximum rent increase shall be equal to 10 per cent of the rental value.

# If the rental value of a property is between 31 and 40 per cent less than the average rental of a similar property, the maximum rent increase shall be equal to 15 per cent of the rental value.

# If the rental value of a property unit is less than 40 per cent or more of the average rent of a similar unit, the maximum rent increase applicable is of 20 per cent.

The average similar rental value of the property will be determined by the Real Estate Regulatory Agency's rent index, the decree states.

It is also expected that Rera will unveil a more detailed rent index this year which will take into consideration various factors such as views from the apartment and facilities in a tower, age of the building, etc. when revealing the average rent for the apartment.

 http://www.emirates247.com/property/first-rental-index-update-of-2015-dubai-housing-rents-up-6-25-2015-01-04-1.575272

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.

Dubailand "Many Experiences, One Destination"

Things to do

"Many Experiences, One Destination"
Come and experience the amazing variety of attractions at DUBAILAND. Whether your interest is  adrenalin sports, a round of golf, racing action, thrills, sampling world cuisine, outdoor dining, shopping for great bargains, horse riding or simply browsing through ethic markets, it’s all available at DUBAILAND.

Flower watching at Dubai Miracle Garden

 

The world's most extravagant flower garden, with over 45 million blooming flowers in 45 different varieties and color. Dubai Miracle Garden has earned itself recognition in the Guinness Book of World Records to having the largest vertical garden.

> Click here for more details

for more information on investment options in Dubailand contact me on edithmakena@gmail.com.  

Shopping at Global Village, DUBAILAND 

 

Experience thrills, rides, world cuisine, culture, live performances and international shopping pavilions all in one place

> Click here for more details

Autodrome at MotorCity

 

Calling all speed junkies, bring in you cars and motor bikes to a place where there are no radars, no speed breakers and especially no cops. Kids and people without a driver’s license, cheer up as you can head to the karting zone to have your share of the adrenaline.

> Click here for more details

Golfing at The Els Club at Dubai Sports City

Enjoy a round of golf at the Els club where the course stretches 7,538 yards with four sets of tees, 81 beautifully shaped bunkers and sublime contoured greens providing a real test for the professional and at the same time, an equally fair challenge for the average player from the forward tees.

> Click here for more details

for more information on investment options in Dubailand contact me on edithmakena@gmail.com.

Shopping at Dubai Outlet Mall

Snap up discounts from 30-90% every single day of the year at Dubai Outlet Mall – the only value concept outlet mall in the Middle East.

> Click here for more details

ICC Global Cricket Academy at Dubai Sports City 

Improve your cricket skills and gain professional excellence at the ICC Global Cricket academy.

> Click here for more details

Butch Harmon School of Golf at Dubai Sports City

Kick start your passion for golf or enhance your already acquired golfing skills with the help of the top golf teacher Butch Harmon and his team of qualified and professional golf teachers.

> Click here for more details

Laser tagging at MotorCity 

Love paintball game but don’t really enjoy the mess involved in it, then come for a game of Laser Tag. Best known as paintball without the paint, laser tag is a whole new form of paint ball.

> Click here for more details

for more information on investment options in Dubailand contact me on edithmakena@gmail.com.

Horseback riding at Al Sahra Equestrian Centre

Enjoying the freedom, the beauty and the excitement of riding on horseback through the natural desert environment. This unique desert resort and equestrian centre is a perfect desert getaway for all ages.

> Click here for more details

Shopping at MotorCity 

Come to the retail strip at MotorCity for a delightful shopping experience, with over 50 shops, restaurants and cafes. The main piazza also hosts Friday Markets that are reminiscent of European street markets, featuring a wide range of products.

Rugby and Football feilds at Dubai Sports City

The Football and Rugby feilds are up for rent. So you can organize private or corporate matches.

> Click here for more details

DUBAILAND Experience Centre

Visit the DUBAILAND experience centre and get captivated as you witness the awe inspiring vision of DUBAILAND. The experience centre in itself up of what DUBAILAND currently is and what it is destined to become.
 The centre showcases a number of mega projects in DUBAILAND through an array of exhibits ranging from a large ‘Vision Model’ to images, models and re-creations of open attractions such as Global Village, The Desert Ranch, Desert Camps, Dubai Sports City, MotorCity and Dubai Outlet Mall.

Future attractions are also represented by a variety of fantastical displays of dinosaur eggs, incubators, roller coasters and space shuttles to entice visitors. The visitor centre receives hundreds of visitors on a daily basis - ranging from international tourists to local residents who are looking for an out-of-the-ordinary experience in Dubai. 

> Click here for more details

FUTURE ATTRACTIONS;

FIFA Approved Football Complex Brought to DUBAILAND 

Dubai, UAE, August 21 2013: DUBAILAND, an entertainment, retail and residential destination, managed by Dubai Properties Group (DPG), today confirmed it will host a FIFA approved Football complex.

The project will be brought to DUBAILAND by Corner General Trading, a company who specializes in sports project investments. The complex will include indoor and outdoor football fields, game zones, and will further contribute to DUBAILAND’s existing sports portfolio which currently hosts world class events and academies including Dubai Sports City and Arabian Ranches Polo Club. The development is expected to be completed by the end of 2015. 

 IMG Worlds of Adventure in City Of Arabia

 o IMG Worlds of Adventure: Comprising of four dazzling zones set to thrill any adrenaline seeker or take a family on an amazing journey in this must visit attraction. Soon to be the world’s largest indoor themed entertainment facility, spanning well over 1.5 million square feet.
o The 350,000 sq.ft. MARVEL Zone will feature the Super Hero Icons of the Marvel Universe including Spider-Man, Hulk, Iron Man, Thor and The Avengers to name a few; offering an enthralling interactive experience for all in an immersive character and themed environment.
o The 230,000 sq. ft. Cartoon Network Zone will deliver a number of world’s first themed attractions such as The Amazing World of Gumball, Adventure Time, Ben 10, and other branded experiences and unique environments for visitors.
o The 270,000 sq.ft. Lost Valley Dinosaur Adventure Zone will bring the pre-historic kingdom of dinosaurs back to life existing millions of years ago. This fully themed lost world is designed to exhilarate and excite all audiences through astonishing dinosaur rides and attractions.
o The 200,000 sq.ft. IMG Boulevard Zone will take you in an ecstatic world of adventure with its unique leisure and fun concepts. Envisaged to be a one-stop destination for family fun, the entertainment zone will also feature retail outlets, dining facilities and a range of interactive entertainment experiences for enormous fun.
For more information visit www.imgwoa.ae www.cityofarabia.ae

for more information on investment options in Dubailand contact me on edithmakena@gmail.com. 

Dubai planning new fee, restrictions on off-plan property sales

Move to further discourage speculative demand

By

• Parag Deulgaonkar

Published Monday, June 16, 2014

 

Dubai is considering introducing new fees and restrictions to stop flipping of off-plan properties, the International Monetary Fund (IMF) has said.

“Imposing additional fees and restrictions on reselling off-plan properties, as currently under consideration, would further discourage speculative demand,” the IMF said in a new report.

“The increase in Dubai’s real estate registration fee from 2 to 4 per cent last October, along with regulatory measures to assure orderly market conditions for new real estate development, was a welcome step,” it added.

International experience shows that countries faced with real estate booms often repeatedly raised real estate fees and differentiated them by criteria such as the buyer’s residency, use of the property for occupancy or investment, or the time elapsed before reselling, with rates reaching up to around 30 per cent for selected types of properties resold within a year (Singapore).

Although it is not known on what measures the Dubai Land Department (DLD) is planning to introduce, market participant say the introduction of a slab-wise registration fee is likely.

DLD, however, did not respond to queries from Emirates 24|7.

“The plan to introduce new measures/fees on a sliding scale is a good move. This is what the market needs as we see speculative activity,” Craig Plumb, Head of Research, JLL Mena, told Emirates 24|7.

“Property prices are going up, driven mostly by speculators in off-plan projects.

“We need more regulations to discourage speculators,” he added.

Although Parvees Gafur, Chief Executive Officer, PropSquare Real Estate, said the new fee would be good for the market in long term, he believed that the market was no longer driven by speculators but by the end-users.

UAE developers have imposed self-restrictions with major developers such as Emaar Properties, Aldar Properties and Nakheel not allowing an investor to sell a property unless they have paid 40 to 50 per cent of the property value.

(Read: Major UAE developers team up against flippers)

Earlier this month, the UAE Central Bank said that low residential rental yields in Dubai and Abu Dhabi possibly indicate growing imbalances and overheating in the real estate sector.

“Current average rental yields in Dubai and Abu Dhabi are approximately 70 and 130 basis points below historical averages, which could indicate growing imbalances - overheating real estate market,” the Central Bank said in its financial stability report 2013.

Global Property Guide, a UK-based research house, said on Sunday that Dubai has topped the list of house price survey for the fifth consecutive quarter with house prices rising 31.57 per cent during the year to Q1 2014 and 9.58 per cent in the first quarter alone.

(Read: Dubai property prices up 32% in 12 months) 

if you have interest in Dubai real estate contact me on edith@flashproperties.com or +971557162933.

Exclusive: The list of cancelled property projects in Dubai by RERA

Last date of submitting applications is August 31: Dubai Courts

By

• Parag Deulgaonkar

Published Monday, June 09, 2014

Dubai Courts has put out a list of developers and their cancelled projects.

To date, Dubai’s Real Estate Regulatory Agency (Rera) has never officially published the list of cancelled projects.

Eighteen developers have been listed on the court's website with the total number of cancelled projects being 36. No date of when the information was uploaded has been mentioned on the website.

The following is the list of developers and cancelled projects:

Remah Holding Limited
Tower 88

High Rise Properties LLc

Dorna Tower
Orchid Residences
The Heights-Golden
Waves Business Tower
The Heights-Silver
Rotating Residence
Heigh Rise Boulevard1
Heigh Rise Boulevard2

Alternative Capital Invest Gmbh

Wings Of Arabia

Khyool Investment Llc

Abjar Tower
Faras 2

Makaseb Properties

Rufi Tower (Quattro)
Archery Tower
Rufi Lake View
Quattro West

Dheeraj & East Coast Llc

Cascade Manor

Merwess Abdulaziz

Azizi Feirouz I
Azizi Feirouz II
Azizi Feirouz III
Azizi Fountanne Tower

Bux Holdings Limited

Beti Ul Funoon

Cliff Dwellings Enterprises Ltd

Global Golf Residence

Parshwa Holdings Limited

Sapphire

Galadari Investment Office Limited

G-Office Tower

Escan Real Estate PJS

Escan Tower

ME Development Llc

Windsor Residence

IR Investments Holding Company Limited

Tonino Lamborghini-Elettra Residence

Orbit Holdings Ltd

Orbrit Holding

Al Zahra Properties

Eden 1
Eden 2
Sunset Gardens B
Sunset Gardens A
Sunrise 2

Hampstead & Mayfair Development Limited

Hampstead Residences

Zenith Real Estate Development Llc

Zenith Tower A3

Dubai Courts, on its website, states the committee will resume the first stage of its agenda in the above-mentioned list of cancelled projects.

The last date for submitting the manual or electronic applications by investors is August 31, 2014.

Investors can register manually by paying a visit to Dubai Courts in the evenings from 2.30 pm to 7.30 pm on the main building 'central services hall on the first floor' or electronically by clicking on the name of the project and then filling in the required data, the Courts states.

"The committee for the liquidation of cancelled real estate projects in the Emirate of Dubai and settlement of rights related thereof, specializes in liquidation of real estate projects, by which a final decision of cancellation has been issued by Rera, whereas the judgments, orders and decisions issued by the committee shall be final, peremptory and unappealable by all means of a regular appeal, and shall be executed by the implement Department Dubai Courts," Dubai Courts said.

In July 2013, the Dubai issued Decree No. (21) of 2013 setting up a special legal committee for the liquidation of cancelled property projects and the settlement of rights disputes related to such projects.

(Read: Panel to liquidate cancelled property projects in Dubai set up)

Rera officials have previously declined to release the list of cancelled projects, stating investors are sent emails of the cancellations, real estate experts have called for release of the information on cancelled projects.

Rera data reveals 187 projects have been completed since the beginning of 2009; 253 projects are on hold; 232 projects are likely to be completed in due course.

What's Happening In The Dubai Property Market.

Many clients come to us as brokers and ask where is the best location to buy now and what areas will see  growth in the future? Answering this question all depends on what you want from your investment, Will you be living in the unit long term? Are you looking for rental returns or solely capital appreciation? Your answer will depict the area that your real estate professional will advise you on. Let’s take a look at the 3 different options…  If you’re looking at moving in now, you should be looking for established areas, areas with no/little  construction and full facilities like schools and shops in the vicinity. For villas, my advice would be the  Emirates Living area. Developments like Jumeirah Islands,  Meadows and Arabian Ranches.  These 3 areas give a wide range of value starting from 3 million ranging up to 20 million.  All facilities are already in place and residents have been living there happily for years already.  Areas like these which are fully established will always be very popular with  buyers as the areas hold their value well, even in a depression, it’s these established areas that hold  their value the best and recover quickest.  If you’re looking for something a little newer but still close to these established developments, areas like  Jumeirah Park which are already inhabited and having the final touches added can offer a slightly more  modern unit but still in good locations and access to local facilities. For apartments we’d always suggest the  Marina and Downtown Dubai and if possible, specifically Emaar, Select or Trident units.  These 3 developers have multiple towers in the mentioned areas and again are very popular with  additional advantages in great locations, property standards are high quality and they will always have  interest from a resale perspective.    If your solely looking for rental returns and giving yourself a good yield, then apartments is the best option.  A good yield in the current market is around 7% net. It’s worth noting that many agents will talk about gross  yields, but this does not accurately depict your investment. To accurately calculate your investment you need to  know the rentals and all cost Service charge, chiller etc. One unit may have a higher gross yield than another  butbecause the service charges are much lower in the other it may give the better net return. Areas in Dubai  consistently giving good gross and net returns are The Greens and Views and Motor City. Some newer areas  giving great returns are Sports City and RemRaam. In general, Studios and  1 beds tend to rent faster and  provide the best returns. They also sell much quicker when looking at resale in the future.    If you’re looking for Capital Appreciation then the best area to buy is Off Plan property. Off Plan units are  making a strong comeback now. Areas like Arabian Ranches 2, Mira, Sports City and down near  Dubai World Central Airport are seeing huge growth. These off plan units offer buyers to purchase villas  usually ready 2-3 years after launch at prices per sq ft well below what they currently trade for.  A good example is a 4 bed villa in Mira for just 2.3 million, when you compare this to something  similar in an established development like the Springs, these would cost 3.5 – 4 million. Another positive  factor for Off Plan purchases is the ability to be able to pay in installments over two years and spread the  payments out in a similar way you would to a mortgage. Clients have reported making between 30-100%  returns through off plan investments. One key note to remember when purchasing any property in Dubai that many people forget is to also look at  your exit strategy. We always find out if clients have an exit strategy. How long do they want their money tied  up? Will their strategy change in a few years? For a good property specialist to offer the best advice to you,  they will need to know what you as a client want now and in the future and not just advise you when to buy,  but also when to sell and then where and when to reinvest after. For more on investment in Dubai please Contact me on edithmakena@gmail.com

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.

Dubai is to build the largest ever Expo site under the theme ‘Connecting Minds, Creating the Future'

The UAE has won the right to host the World Expo 2020 in Dubai under the theme ‘Connecting Minds, Creating the Future’. Every five years and for a period of six months, World Expos attract millions of visitors. The World Expo has never been held in the Middle East, Africa and South East Asia in the history of the event.

Dubai is to build the largest ever Expo site at Jebel Ali Dubai World Central (DWC) ahead of hosting the event in 2020 at a cost of between $2-4bn.
And Cynthia Corby, audit partner, construction industry leader, Deloitte Middle East, revealed ‘secondary infrastructure spend’ will be upwards of $8bn, and will include construction opportunities in the transport, hospitality, retail and commercial sectors.
She said: “With Dubai winning Expo 2020 we will see renewed confidence in the already improving construction industry. In a market that relies upon confidence and optimism, this is a much-needed stimulus to create momentum for a renewed development and economic cycle.”
Dubai’s Roads and Transport Authority (RTA) has revealed that they will fast-track a $1.36bn expansion of Dubai Metro’s Red Line to connect to DWC.

And Emaar Properties have announced that it has signed a memorandum of understanding with DWC to develop a massive (13.63mn m2) golf-centred residential estate adjacent to the area surrounding the Expo 2020 site.
In the company's report: 'Expo 2020: A game changer for Dubai', Corby said: “These are the first of many announcements regarding large-scale projects being planned in the wake of the Expo win.
“It only takes a quick analysis of the impact of an expected additional 20mn international visitors over a six-month period to see that significant investment in hospitality and retail infrastructure will be required.”
It is estimated that up to 30% of the potential 300,000 jobs created by Expo 2020 will be in the construction sector alone.

The government has also announced that all new and existing construction projects are going to be fast- tracked to be ready for 2020.
However, Jesdev Saggar, managing director, Infrastructure and Capital Projects, Deloitte Corporate Finance Limited, urged a level of caution as the Emirate continues its recovery from the economic crisis that enveloped the world in 2009.
He said: “Dubai has been dealing with the close out of its financial obligations over the downturn years and the lessons learnt during the close out of these obligations would be usefully applied to avoid this pressure as the government is to embark on funding future infrastructure to meet the demands of hosting a global event.
“While challenging, that does not mean that it cannot be done, these challenges can be met with the right planning and coordination of spend across all the authorities.
“Expo, like any major event is all about coordination and planning and its success or failure will be a result of how well the authorities unite to capitalize on its potential.”

if you are thinking of high returns on investment in Dubai please contact me on edith@flashproperties.com or +971557162933.

Emaar Launches Samara Villas In Dubai’s Arabian Ranches

The community will feature 177 villas in four styles.

By

Mary Sophia

19 hours ago

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Dubai developer Emaar has announced the launch of Samara, a villa community, in its popular development Arabian Ranches after recording strong investor interest for its previous communities.

The new project, which includes villas designed according to Spanish coastal architecture, will feature 177 three to five –bedroom villas in four styles, the developer said in a statement.

The community will also have amenities including a large retail centre, specialty food and beverage outlets, a healthcare centre and a daycare centre.

Located at the crossroads of al Qudra and Sheikh Mohammed Bin Zayed Road, Samara offers easy access to Dubai’s main hubs including Dubai Marina, Dubai Media City and Dubai Internet City.

“Each residential community within the Arabian Ranches development has recorded robust demand from investors,” said Arif Amiri, chief commercial officer, Emaar Properties.

“Through ‘Samara’ we are offering another opportunity to be part of one of Emaar’s fully-established communities featuring a golf course, polo club, and a Residents club.”

Emaar will launch sales for Samara in Dubai and Abu Dhabi on April 5 at 10am. Online registration for the sales in both the cities will begin on April 2, the developer said.

The real estate firm has been expanding the Arabian Ranches neighbourhood with various types of themed villa communities such as CASA, Rosa, Palma, Rasha and Lila. Most recently, it also announced the launch of Arabesque-styled villa community Yasmin within the development.

Emaar has been launching a string of new projects as it looks to tap into Dubai’s yet-again booming real estate sector.

The Dubai-based property firm recently launched BLVD Crescent, a residential development in Downtown Dubai, which features two towers of 39 and 21 storeys. The project will consist of over 300 luxury residential units.

Spurred by strong investor interest, Emaar also launched the second phase of its residential complex Mulberry at Park Heights in its Dubai Hills Estate development.

for information on registration please contact me on edithmakena@gmail.com or +971557162933.