As the real estate markets soften in Dubai, Many residents
are willing to explore and shift to another community within Dubai and
here are the top reasons:
The Primary reason being – falling of rents, which
will allow them to live in bigger size homes than before.
Not only a better quality of living, but expats also preferred to relocate to reduce their time spent on commuting, particularly while enduring traffic. And so, they changed their house to a place that was close to their office.
Another reason for moving was because of the landlords, who want to sell their property and also due to maintenance issues.
What do experts feel
Many top property experts commented that “Many are shifting from Palm Jumeirah, and Springs to locations such as Nshama and Mira as the rents are 20-30 per cent cheaper in these places”.
As per a recent study by Service Market
61.4% moved to bigger houses, while 23.4% moved into a house of the same size and only 16.2 per cent downsized.
And the top trend in the move-in market segment
Business Bay is the trending area, particularly when it
comes to the move-in market segment
Partners with Huxley Estate Sky TV A1 News and to highlight opportunities in Dubai across UK & Europe 8
London,8th December 2018-Dubai Land Department (DLD) partnered with the international promotional Trustee Medallion Associates, the leading real estate consultancy and advisory service provider in the UAE, to generate interest and confidence in Dubai real estate among British and international investors, the partnership was kicked off during the third Dubai Property Show – London, recently organized by DLD in London.
During the Dubai Property Show in London, DLD inaugurated the real estate promotion trustee office of Medallion Associates, which has initiated new partnerships with Sky TV A1 News and Huxley Estate to promote investments in Dubai and bolster media coverage across the UK and Europe through their top three offices.
HE Majida Ali Rashid, CEO of the Real Estate Promotion andInvestment Management Sector at DLD, said: “Partnering with MedallionAssociates consolidates our mission to promote Dubai’s real estate sector foreign investors and most notably those from the UK. The heightened interesting Dubai’s real estate is evidence of the Emirate’s appeal and is a result of the investment policies that were put in place by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.”
Masood Al Awar, CEO of Medallion Associates, thanked DLD for its confidence in his company’s support and for its successful efforts in casting the global spotlight on Dubai’s flourishing real estate sector.
Al Awar said: “London and Dubai are both key markets for investors worldwide. As Dubai continues its growth, we would like to contribute to the forging of new and exciting mutually-beneficial partnerships with the UK market through partnerships with Huxley Estate knowledge and A1TV exposure in UK and Europe. We are committed to supportingDLD’s international real estate road shows and workshops to strengthen Dubai’simage as a preferred real estate investment destination.”
Medallion Associates is the appointed custodian of DLD’sinternational real estate promotion efforts. It assists DLD position Dubai as a premier global investment destination and a haven for innovation, trust, and happiness.
Statistics from DLD’s Department of Real Estate Studies& Research reveal that British citizens are the second-highest foreign investors in Dubai real estate. Through its comprehensive services, ranging from development and asset management to private equity placement and advisory & consulting services, MedallionAssociates aims to facilitate a higher uptake of Dubai properties from British and other foreign investors.
The conference is being held under the patronage of HH Sheikh Ahmed Bin Saeed Al Maktoum
Dubai, UAE, 10 December2018: Energy experts discussed the potential for new ground-breaking solutions in district cooling on the first day of the International District Energy Association (IDEA)District Cooling Conference and Tradeshow which started on (Monday, 10 December2018) at Atlantis, The Palm, Dubai and will conclude today (Tuesday, 11December 2018).
Witnessing the presence of key experts in the industry, the conference commenced with opening remarks from Rob Thornton, President & CEO, IDEA and a welcome note by – Ahmad Bin Shafar, CEO, Empower.
“In today’s time, where climate change is a district cooling solution is the need of the hour. It not only helps to build a sustainable future but also establishes an environment conducive to an energy-efficient business management system. We are confident that the conference this year will not only serve as a platform to exchange experiences and best practices but also present a more efficient plan for states and governments to implement district cooling as a futuristic solution for a sustainable living,” said Ahmad Bin Shafar, CEO of Empower.
The conference commenced with a Plenary panel discussion held under the theme – “Efficient Energy for Smarter Cities”, with senior industry executives sharing perspectives on district cooling for more sustainable and resilient cities. Spearheaded by Robert Thornton, the discussion featured panelists as Ahmad BinShafar, CEO, Empower; Jim Lodge, Vice President, Clearway Energy, WernerLutsch, CEO, AGFW; Adib Moubadde, CEO, Emicool; Tom Nyquist, Executive Director of Utilities, Princeton University; Juan Ontiveros, Assistant Vice President,Utilities, University of Texas at Austin; Michael Schack, Director Networks& Cogeneration, ENGINE and Abdul Salam Al Mobayad, CEO, Saudi TabreedOperation.
Rob Thornton, President and CEO, IDEA, said: “IDEAis pleased to be organizing another district cooling conference here in Dubai. We have assembled experts from across North America, Europe, Middle East and the Asia Pacific to share experiences in the design, construction, operation and optimization of district cooling systems for cities, communities, and campuses. As cities become more densely populated, especially in warmer climates, the economies of scale and efficiencies of district cooling systems help to reduce greenhouse gas emissions and reduce strain on the regional electricity grid. Efficient district cooling infrastructure is becoming the standard for tomorrow’s smarter cities. Dubai is arguably the world’s leading city for district cooling deployment.”
The subsequent session focused on OperationalExcellence – Global Best Practices and Strategies. Highlighting the importance of design and technology, the session featured innovative best practices and proven tools and techniques that result in operational excellence, optimized use of energy and water and quality of service. Spearheaded by Laxmi Rao fromIDEA, the session witnessed the presence of experts from different companies.
Finance was also a key topic of discussion after the conversation on the key elements, technology and design at the conference. Spearheaded by Rob Thornton from IDEA, this session held under the theme “Financing the District Energy Enterprise”, focused on the availability of both short-term and long-term sources of capital to develop district cooling systems. It also featured a discussion on key insights for seeking finance as well as on how to manage and optimize funds flow over the changing needs of the project lifecycle, featuring leaders in the regional banking, finance and district energy sectors.
In addition, the conference also discussed strategies for Exposing the Full Value of District Energy, Extending the opportunity for District Cooling, Design & Data Challenges for performance excellence as well as Smart Approaches for Metering, Controls and Optimization. The day one of the conferences ended on a high note with a gala dinner.
Empower currently operates over 1.34 Million RT,providing environmentally responsible district cooling services to large-scale real estate developments, such as Jumeirah Group, Jumeirah Beach Residence,Dubai International Financial Centre, Business Bay, Dubai Healthcare City,Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai design District and International Media Production Zone, among others.
Dubai,December 10 2018-Considering the significant role of facilities management (FM) in the sustainability of the built environment, the Middle East Facility Management Association (MEFMA) recently held a workshop and networking event on ‘Success Factors in the Facility Management Industry Growth’ at the Dubai Chamber, aimed at enhancing the sector’s global competitiveness and strengthening local management in line with the highest international standards.
The hosting of the workshop and the communication forum is highly significant considering that facilities management is one of the key drivers in the built environment sector’s performance at various levels. In line with this, the event highlighted the key elements for the success of the FM sector in the region, keeping pace with the growth of the construction sector.
The event, sponsored by Drees & Sommer, discussed the key elements that make a successful delivery of FM services. It also tackled the need for FM companies to embrace creativity and work on adopting innovative methods while emphasizing the importance of FM companies’ support as well to their clients. Furthermore, the ways in which FM companies can align their strategies and service deliveries to suit their clients’ strategies and requirements were discussed. The creation of long-term relationships between service providers and stakeholders, including owners and suppliers formed part of the discussions as well.
Jamal Lootah, President, MEFMA, said: “The Middle East Facilities Management Association is constantly working to provide the industry with the platform and expertise to advance the sector and ensure excellence in FM services on par with international standards. Through the workshops and networking activities, we hope to embed a management culture that promotes efficiency and global competitiveness within the industry to enable them to meet the increasing needs of asset managers and property owners in the sustainable management of their properties.”
Ali AlSuwaidi, Vice President, added: “The workshop was an ideal platform to discuss all aspects of facility management, where valuable discussions were held by the participants. We strongly believe that the workshop has achieved its objective by successfully presenting the major aspects of facilities management that need stronger focus to achieve further improvement in the performance of buildings, and thereby contribute to sustainable efforts of the built environment sector.”
Peter Prischl, Managing Director of Drees & Sommer International, led the workshop and Ali AlSuwaidi moderated the panel discussion with the participation of FM leaders in the UAE, including Ali Hassan Harmoodi, General Manager, Etisalat FM; Mohammad Abdul Karim Khamis, General Manager, Emirates FM; and Peter Prischl; and Suhas Inamdar, Head of Technical Support & Planning at Wasl Properties.
MEFMA’s workshops and networking events are part of a continuing initiative by the non-profit association to provide FM professionals, wider construction industry stakeholders and owner associations in the region with a dedicated platform to advance local industry standards and adopt leading international trends and practices.
FCW’s recently launched Eastern Residences villa project takes centre stage at the exhibition
Dubai, October 2, 2018:HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, visited today (Tuesday, October 2, 2018) the stand of Falconcity of Wonders LLC (FCW), the developer of the ongoing Falconcity of Wonders multipurpose mega project in Dubai, during its participation at Cityscape Global 2018 exhibition running from October 2 to 4, at the Dubai World Trade Centre. His Highness lauded FCW’s efforts in sustaining global interest in Dubai’s real estate landscape through its unique ‘World in a City’ project. HH Sheikh Hamdan was briefed on the latest updates on the project during the visit.
The major highlight of FCW’s participation at this year’s edition of Cityscape Global is undoubtedly the Eastern Residences, a meticulously-planned gated community that houses contemporary, elegant, 5 and 6 master-bedroom villas with exquisite high-end finishing that are ideal for families of any size. Visitors to the FCW stand at the event are also taking advantage of the special offers, which include 0 DLD fees, 0 services charges for 5 years and flexible payment plans. Scheduled for delivery in September 2021, the villas come with a guarantee of AED 150,000 that will be paid to buyers annually in case of delay (terms & conditions apply).
H.E. Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: “Cityscape Global 2018 is the perfect platform for us to showcase the most recent addition to the Falconcity of Wonders, the recently launched Eastern Residences project. We conceived this project after considering various actual living scenarios of families that will reside in these units and the value proposition is reflected in all aspects. These villas reflect engineering excellence and thus offer a superior value proposition. Our confidence in the success of the project is further underscored by the highly positive response it continues to garner at CityscapeGlobal 2018.”
Featuring a built-up area of 3,208 sq ft to 4,581 sq ft, the unique features of Eastern Residences include villas with large plot sizes; wide 3-car shaded parking; and easy access to the already completed Falconcity Community Centre, among many others.
FCW is located at Stand No S3F10 at Sheikh Saeed Hall 2 at the Dubai World Trade Centre, attended by officers exclusively catering to clients and prospective buyers at the event.
When we think of Ramadan, what pops into our mind or visit our thoughts are spirituality, and most importantly this is the time of giving, particularly to charities and organisations that support and aid poor down and out and homeless people. Not only is this Holy month of Ramadan considered as the month of helping the poor but also to revive friendships, build community bonds and receive gifts and wishes from your loved ones.
On that beautiful note, a few days before, I was invited to my friend’s house for an iftar get-together and after meeting her and partaking in their tradition, I realised the significance of Ramadan and how this holy month transforms individuals and its community into a sacred one…
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Why should you buy a home in Dubai, and before I begin to elucidate the top insights about the market, it reminds me of a small story, Last week my friend Sheba and I were sitting on my balcony and chatting. Sheba was winding up and going back to India and she felt that she could’ve bought a home here that could give her rental returns even if she got back to her heritage, and wanted to live there. Sheba’s story stimulated me too and I was wondering whether to buy a home in Dubai and here a few facts to ponder over: