Tag Archives: Abudhabi

Azizi Developments will be displaying its projects to Ibn Battuta and Marina Mall AbuDhabi

AZIZI Developments have invested an estimated AED 4.5 billion in Dubai’s real estate sector                                                                 

UAE, 3 March, 2015 – AZIZI Developments, a leading UAE property developer will be displaying its competitive projects to Ibn Battuta and Marina Mall Abu Dhabi. The move is part of the company’s dynamic marketing strategy aimed at promoting its latest developments to a wider audience comprising the emirate’s residents and tourists.

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The stands will carry English and Arabic literature as well as an informative fly-through presentation of Azizi’s four residential buildings currently under construction and for sale in Al Furjan. Azizi Iris, the firm’s fifth project has been sold out, and the remaining four’s sales have reached 70 per cent. Azizi continues to carry out its marketing initiatives in line with its aim of bringing the firm’s projects right at the doorstep of its clients, locally and globally.

 

Ali Omar, CEO, Azizi Developments, said: “We chose these two commercial corridors because of their strategic locations. Ibn Battuta, particularly, is in near to our project site in Al Furjan. This allows interested clients to take a tour and observe the construction progress within minutes. Recently, we have witnessed an increased number of Abu Dhabi clients interested in properties in Al Furjan. The site is placed near Abu Dhabi and is accessible and convenient for those commuting to and back from work. So far, we  had very good response from Abu Dhabi investors, which is why we have decided to present our project in Abu Dhabi as well as in Dubai.”

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at

anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing visit http://anithaideas.com/

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Dubai real estate B2B conference eyes a big push

By Anitha Lakshminarayanan

Dubai’s real estate industry is poised to attract more growth in the next few years, with industry experts saying that the emirate’s property market fundamentals remain stronger than ever. Looking to play a crucial role in the continuing growth of the industry, Real Events, the newest and fastest-growing events management firm operating throughout the UAE and the greater Gulf region, will be hosting the first edition of ‘Dubai Real Estate B2B,’ a conference that aims to connect potential investors with the emirate’s industry leaders, which will be held on October 15 to October 16, 2014 at The Ritz-Carlton Dubai Marina. The event is being organized under the theme, ‘All questions answered’ and will serve as a strategic platform that will help these potential investors make a smooth entry into Dubai’s thriving real estate market.

According to Real Events, the event will be graced by senior level government officials and will feature 15 presenters from the United Arab Emirates and 30 exhibition stands from industry representatives like mortgage advisers, local bank officers, real estate developers, property consultants, real estate attorneys, tax specialists & auditors, private-equity fund manager and, management consultants. Aside from its move to bind international investors with Dubai-based real estate experts, the exciting two-day event will also include key discussions and round tables focusing on important industry issues and topics like newly implemented regulatory measures, issues on brokerage, lease contracts, registration and certification, duties and compliance; assessment of the Dubai Real Estate Market for 2015 and Beyond; buying properties off-plan; Wealth management and zero taxation.

“These are truly exciting times for Dubai’s real estate industry, which continues to show its vibrancy in the large number of projects that are currently ongoing and the even larger projects that are in the pipeline,” said Julia Zajak, General Manager, Real Events. “As industry experts are forecasting continuous growth and have placed high-confidence in the projects present today, we are proud to organize the first edition of Dubai Real Estate B2B, a conference that aims to give potential investors the necessary information they need to enter the emirate’s real estate market. This event will serve as a key venue to help international and local brokers and their clients meet mortgage providers and banks for non-residents investors.”

Dubai Real Estate B2B Conference will host more than 250 participants from Russia, United Kingdom, India, Kazakhstan, United States of America, Pakistan and Africa; and a thoughtfully planned out a series of activities that aims to live up to its chief goal of providing foreign investors with the essential information and guidance on pursuing real estate opportunities in Dubai. One of the highlights of the event will be a guided tour of some of the emirate’s current development projects—complete with an opportunity to meet face-to-face with project developers, which will allow them to develop a comfortable feel of the area and the guarantee that all their questions will be answered.

“This event is just the first of the many initiatives that we are set to organize in order to drive in more potential foreign investors in Dubai, particularly across the rapidly thriving real estate segment. Rest assured that we will remain steadfast in our commitment to encourage growth and diversity, while at the same time look towards consolidating our ties with other companies in the international real estate community. We look forward to seeing you all at Dubai Real Estate B2B Conference, “concluded Zajak.

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing-visit http://anithaideas.com/

Tanmiyat Group fast track their living legend project in Dubai land.

BY Anitha Lakshminarayanan
Tanmiyat Group, a Saudi investment company and property developer fast track their AED 4 billion living legends project in Dubai land that was launched in 2006 before the global economic crisis that hit in 2008. And Plan to handover villas in the middle of this year.

Mr.Mohammed Bin Odah,CEO of Tanmiyat Group
Mr.Mohammed Bin Odah,CEO of Tanmiyat Group

“About 60-75% of the project is over and in the middle of this year, will hand over our villas. Phase-I concrete work is completed, and the infrastructure including the street lights are already done” said Eng. Mohammed Bin Odah, CEO of Tanmiyat group to Emirates Property-what’s your property cravings.

Located in Dubai land with a built up area of 6 million square feet, the project comprises of 500 villas,12 towers with 2200 apartments, three office buildings, a mall, three schools and a hotel overlooking the golf course.

He added “we will be attaching solar heaters to every villa of living legend and recently made an agreement with a district cooling company”.

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Tanmiyat showcasing their living legend project at a consumer property event in Dubai

As Dubai continues to recover with soaring property prices over the last two years, several stalled projects are back on track since then. Another cause for the spike in the real estate prices could be Dubai’s win of the expo 2020 bid.

Living Legends Project
Tanmiyat showcasing their living legend project at a consumer property event in Dubai

Eng.Odah said “After Dubai’s win of the expo 2020 bid, the response has been very good, and customers take initiatives to do their bookings and pay money. Now is the best time for those who have invested during the crisis, and now they can benefit from the yield as the appreciation is more”.

Dubai has a mixed bag of investors from all over the world and is well-known for its multicultural background. Now the market has matured to help the end-user and the regulations are in place. RERA(Real Estate Regulatory Agency of Dubai) has addressed the key issues such as the credibility of the developer, flipping, and with the wake of registration fees from 2% to 4% this year; this sector is easier to operate especially to end-users.

Mr.Odah urged “About 108 nationalities have invested in our project. Now it’s a regulated business wherein you cannot start selling if you do not give a bank guarantee of 25% .It builds confidence and Benefits the consumer”

“After central bank had approved, we signed an agreement with Al Noor Bank and two more banks are there in the pipeline. The funding from the banks helps us a lot as they collect money from the consumers once we start delivering the units to them”.

He concluded “At the moment,we are focusing on delivering the units this year and the project is 70% complete”

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-Freelance  Journalist at anithaideas@gmail.com for covering an event,conducting interviews or advertising on this blog or to know more about my writing-visit  http://anithaideas.wordpress.com/

UAE’s new consumer property event showcasing mixed-use developments at Madinat Arena

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Dubai, UAE: The first edition of UAE’s new consumer property show organised by Next Move live concluded on 22nd February 2014 at the Madinat Arena, Madinat Jumeirah, the three-day event hosted 30 exhibitors showcasing more than 1000 properties, the majority of which are already completed.

Dubai-based property developer Deyaar, who recently announced plans to allow foreigners to invest in its shares were also launching exclusive payment plans in this event to help ease the financial burden on buyers. Mr.Nasser Amer, Vice President of Sales at Deyaar, said: “The positive upturn in UAE’s real estate market has translated into growing interest for our wide-ranging portfolio of properties that are guaranteed to earn excellent returns of investment.

“We will offer unique property solutions for those looking at spot purchases, as well as consultations from seasoned advisors to help new entrants in to the market.”

Other exhibitors officially supporting the event, taking place at the Madinat Arena at Madinat Jumeirah, include Platinum Sponsors Aldar Properties and Flash Properties, Gold Sponsor Orient Desert Real Estate and Silver Sponsor Pacific Ventures and brought to Dubai by the organizers of Cityscape, Next Move live offers properties from the UAE, UK, Spain, Cyprus, USA and many more.

Mortgage advisers from Commercial Bank of Dubai, the official Banking Sponsor of the show, will be offering a special promotion which provides clients with a gift voucher of up to AED 60,000. Abu Dhabi Finance, Mashreq Bank and Mortgage Middle East, are on hand to offer free advice to visitors who are looking to make their next move in the property market.

Miguel Guadalupe, Chief Operating Officer at Pacific Ventures, said: “our projects are unique developments for private residents comprising villas and town houses, delivering new levels of luxury and distinction.  They are stylish in design, generous in size and impeccable in finish.

“This market insight is essential in formulating strategies that will help Pacific Venture with real Estate opportunities and mitigate any risks in the future,” he added.

Among the exhibitors capitalising on the surge in visitors at Next Move live is Rocky Real Estate, the oldest property firm in the UAE, which is launching the second phase of their Plaza Residence in Jumeirah Village Circle.

Roshan Chaudhry, Head of Sales and Leasing for Freehold Properties at Rocky Real Estate, believes affordable mixed-use developments are the way forward.  “Jumeirah Village Circle offers affordable living for both types of buyers, consumers and investors,” said Chaudhry.  “The location is everything.  It is strategically placed between Sheikh Mohammad Bin Zayed Road and Al Khail Road, with four schools and four parks within close proximity.

“The first phase was already a hot market success and we hope that at Next Move live we can sell at least one floor of the development.  We are offering affordable living in a prime location with a special five percent discount for the show.”

Another Dubai-based Real Estate developer, Tanmiyat Group, is launching its ‘Living Legends’ project at Next Move live, which has close to 25 villas and 500 apartment units,whilst Dudu will be offering 200 exclusive properties to buy or rent in prime locations across Dubai.

The event is perfectly timed for consumers looking to make the plunge into property investment as rental prices continue to soar across the UAE, while mortgages rates remain low.

Jennifer Lim, Head of Sales at food importers Trading Flavors, a pre-registered visitor for the show, believes now is the time to make the shift from renting to buying.

“Rental prices are getting high across the emirate, and with Expo 2020 coming up, now is the time to get in the market,” she said. “I’ve done plenty of research online, but that one-on-one advice is very important when making such a big decision and the greatest benefit from Next Move live will be that I can receive this information on a personal level from all the main stakeholders, at the same place, and at the same time.”

Several major UAE based developers showcased their key developments, including Ras Al Khaimah-based RAK properties, who displayed their new sea view development ‘Flamingo Villas’.

Rashed Sultan Al Khatri, Director of Marketing and Sales at RAK Properties, said: “We are offering convenient payment packages to our customers to boost their investment revenues and anticipate a significant increase in unit sales in the coming period.”

“Our main focus is to promote completed projects at Next Move live and display our residential developments which represent a new milestone in the company’s history and will be completely self-contained, creating their own identity.”

According to leading property research firm Knight Frank, the average house price in Dubai increased by 11.8 percent in the last half of 2013 and the economy is expected to continue to grow as the anticipation of Expo 2020 looms.

Wouter Molman, Director, Cityscape Group said: “This is an exciting prospect for 2014 as we witness this surge in the property market.  We know from our experience of running the Cityscape events in the UAE that there is a demand for a show to help consumers make these tough real estate decisions.  UAE residents and property developers alike have called out for this kind of event.

“As the only dedicated consumer event in the UAE, visitors will be able to get access to information directly from property developers, agents and banks, and can even make a decision on the show floor to purchase or rent their next home,” he said.

Platinum Sponsors of Next Move live, Aldar Properties and Abu Dhabi Municipality initiated to get title deeds for all buyers of residential real estate, to make sure further protection for buyers and lenders.

Paul Middleton, the Executive Director for Commercial at Aldar Properties said, “Prices are generally on the rise, banks are pushing lending again and mortgage rates remain relatively low. It is an attractive time for consumers to buy .”

“We offer a range of units for sale and leasing at Gate Towers, Al Ghadeer and Al Rayanna, some of our key developments.  Each one has its own design, amenities, features and community feels making them attractive to different market segments.”

Proving a popular hit with customers last year, UAE developer Seven Tides launched the second phase of their deluxe Anantara Residences after prices on Palm Jumeirah increased by 21 per cent in the final quarter of 2013.

“We launched the next phase of our Anantara Residences project having secured sales for 80 per cent of our existing stock in the first phase,” said Abdulla Bin Sulayem, CEO of Seven Tides.  “The market is exceptionally buoyant at the moment and property on the Palm Jumeirah is highly sought after, so Next Move live is a great time to release the second part of our luxury development.”

“The fact that the apartments are already constructed is obviously a distinct advantage for buyers who can sign today and be swimming in the lagoons and enjoying the Palm Jumeirah lifestyle tomorrow.”

 

Meanwhile, Orient Desert Real Estate, Gold Sponsor of Next Move live, is providing customers who buy a property at the exhibition a complimentary 3D interior graphic concept worth AED 10,000 and a piece of art work worth up to AED4,000.

Additionally, for those clients that buy a property between AED five and 10 million, the Dubai-based real estate company will offer free property consultancy valued at AED20,000 plus a 40 minute Helicopter ride of Dubai.

With property prices in high-value areas such as Palm Jumeirah, Business Bay and Jumeirah Lake Towers showing the biggest increases by the end of 2013, developers are shifting their focus to areas such as Dubai land, Motor City and International City which offer consumers an affordable alternative.

“The basic rule of real estate is “location, location, location,” said Wouter Molman, Director of Cityscape Group. “In other words, investors need to know where they are buying.  Finished communities in convenient locations with the right amenities, schools and community centres are always highly sought after, even when markets aren’t in the strong position that they are today.

“The predominant trend in the last three days at Next Move live has further verified this, as exhibiting developers and brokers put a huge emphasis on the mixed-use element of their properties as part of their business strategy.”

Burj Pacific sold its lower floor at the time of the announcement of the Phase-I launch last year and the higher floors are ready to be sold after Phase-II launch.

Dubai, UAE: Pacific Ventures, Indian Real Estate Company begin sale of their signature apartments Burj Pacific in downtown, Dubai after a formal launch of Phase-II at Emirates Towers  on the 8th and 9th of March.

“We recorded DHS 79 million worth of sales during the pre-launch of Phase-I of Burj Pacific,” says Mr. Miguel Guadalupe, Chief Operating Officer of Pacific Ventures to Emirates Property-what’s your property craving in an Interview.

He added “Within two months the ground floor will be ready; we have approved the contractor and will officially announce the name of our contractor for Burj Pacific after we get the approvals from Rera for our Pacific Village project in Dubai land located along the city of Arabia theme park”.

Real estate in Dubai is moving forward, and the trend is likely to continue this year and apartments dominate the demand in the property market of Dubai; however, there is a slight shift in focus as there is an increase of  20%  in the supply  of villas  this year.

Mr. Guadalupe  said “Pacific Ventures earlier projects include: Jumeirah village triangle and Jumeirah village circle which we bought from other developers are partly sold though we don’t advertise about them since they are easy to sell especially studio, and one bedroom move faster  in Dubai  although high-rises or 22 storey buildings like the Burj Pacific with more than 160 apartments or big communities need attention of how we can make the public aware about new concepts.As a business, we run in a very customer-friendly way and take our consumers to the site, update them about the progress of the project and  the marketing team sends them pictures of the development on a regular basis”.

As per Jones Lang La Salle,the property company there is more development towards central as well as in the south of Dubai and Jebel Ali.

Mr.Migeuel also said “ Many of the people working in Downtown Dubai, plan to move into other areas such as Sport city, Studio city, Jumeirah Village triangle, Arabian Ranches and nearby locations which are beautiful to live but they cannot get into these areas without a car raises bit of concern and perhaps can be  more integrated nevertheless all of them drive to work. The government is taking initiative to solve this issue”.

Indians top as  Property Investors of UAE

“It’s been more of an end-user business this time around and helps us as a more regulated market; the government is more involved and for the end-user, it’s more real now”.

“As everybody knows Indian community is the number one investors in the UAE closely followed by the Pakistani community and Russians are third. Indian community is big in the UK, Ireland and other parts of the world; they buy a property for investing as well as to gift homes for their kids”.

He concluded “we are going to stay residential now while we build quality, good size units and make it affordable which start from 1.3 million for 1 bedroom, 2 bedrooms is 2.4 million depending on the size.1 bedroom size are usually 1000 square feet; 2 bedrooms are 2000 square feet, and 3 bedrooms are close to 3000 square feet and  maybe 4 or 5 years later, we might look into mixed-units”.

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-Freelance Journalist at anithaideas@gmail.com for covering an event,conducting interviews or advertising on this blog or to know more about my writing-visit   http://anithaideas.wordpress.com/

Did you hear bubble!bubble! or Gone!Gone!

IMG_0713Is it  going to be smart, smarter, and  smartest for the property market of  Dubai despite the anxiety that create uproars of another bubble and so on? As opposed to the fears of the soaring prices which haven’t gone up yet to resemble the topmost figures of 2008  according to  property company,Jones Lang Lasalle albeit could stir mixed feelings in the market  or maybe a relief in the entire business is what one questions?

As we think about this further –Over the last nine months, there has been a dramatic increase of 22 % in the real estate sector of Dubai wherein the asking prices rose by 20% and 15% increase on villas year on year basis and apartments went up to 24% as per JLL report.  The rise in rental prices raised concerns as consumers need to be investigative on their spending and perhaps have a sensible approach to manage their expenses which hits on their disposable income. This further led to the new rental decrees for Dubai and Abu Dhabi.

There have been several arguments on the inflated prices of the realty sector in Dubai nevertheless the trend is likely to continue this year, however, will be less dramatic in 2014 as per the property company and Jones Lang Lasalle also stated the market is heading to a more sustainable mood where the regulations are in place right from speeding  up off-plan projects and stalled constructions in various locations are back on track.

With so much of Buzz  at the real estate front of Dubai after the doubling of property registration fees from 2 % to 4 % by the Dubai Land Department while, at the same time, DLD recorded DHS 236 billion worth of transactions last December. The primary reason for growth in this sector could be the massive development of the Aerotropolis community in Dubai Central or the expo site located  along this mixed-use development not only there are jobs created on this expo site, but also locations like Business Bay and Burj Khalifa have a huge influx of investors and buyers.

Across UAE there seems to be a boom time for the realty sector and Abudhabi is balancing its demand and supply as it constructs the city’s metro, and a number of other projects besides government’s decree to move many employees to the capital have pushed the housing prices in Abudhabi.

Major Developments or supply of residential houses are in Jumeirah Village, Business Bay and Dubailand. Most importantly the expo site in Dubai central will witness demand and supply of office, retail and residential units. And excessive availability of office spaces is one more issue which is being addressed; however, the constructions of houses are hitting a high after two years of stagnation.

With a flock of Buyers and many upcoming projects as well as government stepping in to check on its real estate prices while at the same time, 25000 residential units to be delivered this year-Dubai to have its smart move in place to avoid a bubble which is not possible to burst so where are you heading to Business Bay, Expo Site, Jumeirah Village, Jumeirah Lake Towers or the Al Shams Abu Dhabi?

you can also read more about this article on my other blog  http://anithaideas.wordpress.com/community-investment/did-you-hear-bubblebubble-or-gonegone/

Anitha Lakshminarayanan

Freelance Journalist,Please contact me at anithaideas@gmail.com for reporting on an event or covering an event , conducting interviews and writing stories on them.

http://anithaideas.wordpress.com/community-investment/did-you-hear-bubblebubble-or-gonegone/