Tag Archives: Property market in Dubai

Top 10 insights on why it is important to buy a home in Dubai?

By Anitha Lakshminarayanan

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:

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It’s a buyer’s market

  • Although it’s a buyer’s market right now, the rental market is very competitive. In spite of the fact that it is saturated with supply and new projects to be handed over. The current regulations help in controlling the supply further.
  • Most of the realtors feel that it is encouraging to see heavy transactions in Q4 2017 and that is a good sign so far.
  • For that matter, any property investment is long term and if you wait for a long-term, you are definitely going to yield returns and the best returns are in Dubai Silicon Oasis, Dubai International City, Dubai Sports City, Dubai Investment Park and Al Furjan

Renter’s market

  • Since it’s a renters market, it is also ideal to invest in prime locations now such as Jumeirah Lake Towers, Dubai Marina, and Jumeirah Beach Residence

 Dubai land prices up by 2.7 %

  • The prices are reasonable, especially in Dubai land where the apartment prices are actually up by 2.7 % from a year ago, In addition to Dubailand, Dubai Sports city continues to do well too as several projects are getting completed there.

So Dubai market is all about yield and capital returns whereas in other markets, Hong Kong, London, New York, it’s all about capital appreciation. If you look at net yields in Dubai, you can get 5-10%, implying a payback period of 10-20 years.

If you would like to place banner ads on this blog, PR copywriting for your real estate business or blog posts and articles and copywriting help such as direct mail, Radio Ads, then please contact Anitha Lakshminarayanan a freelance journalist cum writer at 050-1845628 or 050-4627856

 

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Dubai Properties participates as a Strategic Partner of International Property Show 2015

By Anitha Lakshminarayanan

UAE, March 15, 2015 – Dubai Properties, leading real estate developer, has announced its participation as an exclusive Strategic Partner for the latest edition of the International Property Show, an annual pioneering event for real estate companies, as an exclusive Strategic Partner. An event for sales and promotion of properties to individual and institutional investors, the show will be held from March 30 to April 1, 2015 at the Dubai World Trade Center.

 

Dubai Properties will use this platform to launch new projects potential buyers and investors from the MENA region and beyond.

 

Mohammed Al Habbai, Chief Officer – Urban Planning and Infrastructure, Dubai Properties Group, said: “We have decided to take part in the International Property Show as an exclusive Strategic Partner as it will enable us to reach out to a global audience of investors and buyers who are looking to buy residential or commercial property in Dubai. The demand for the properties in the emirate has witnessed a tremendous growth in the last couple of years from both local and international investors and the Show will be a unique opportunity to showcase DP’s rich portfolio of unique properties spread across the emirate to them. We are confident that through our presence in the International Property Show, we will be able to leverage these demands from potential buyers and investors and covert into successful deals and at the same time, showcase the growth and development in the UAE’s real estate to a global audience.”

 

Dawood Al Shezawi, CEO of Strategic Marketing & Exhibitions, organizers of the International Property Show (IPS), said: “We are delighted to welcome Dubai Properties, one of UAE’s leading real estate developers, as exclusive Strategic Partner to the International Property Show. The presence of Dubai Properties’ quality and broad scale real estate portfolios at the show perfectly fits the direct-sales profile of International Property Show and offers end-users and local and international investors an ideal opportunity to explore great properties on offer in UAE. With Dubai Properties as our Strategic Partner, International Property Show also expects to further build the promotion and image of the UAE’s real estate sector on a global scale. The presence of strong international delegations from China and the KSA along with countries from Southeast Asia and Africa, among others at the show attending the co-located Annual Investment Meeting, will be a perfect opportunity to show and educate investors about the attractiveness of the UAE real estate sector.”

 

Held in conjunction with the Annual Investment Meeting, the International Property Show will enable Dubai Properties to improve its profitability and enhance its competitive edge. The special features of the event, including the Dubai Land Department Property Valley, the International Property Show Real Estate Forum and high-profile Networking Events will provide valuable opportunities for the company to reach out to an élite clientage of international investors, giving it an extensive regional and global brand exposure.

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/

 

 

Dubai Properties’ Dubai Wharf development draws tremendous investor response during the debut of Dubai Property Show in London  

By Anitha Lakshminarayanan

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UAE, March 4, 2015 – Dubai Properties, a leading real estate developer received an overwhelming response from property buyers and investors during its participation at the recently held Dubai Property Show 2015 at London’s Olympia. Welcoming the large number of visitors, the début edition of the exhibition was opened by H.H. Sheikh Mohammed Bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in UK, in the presence of Emirati dignitaries H.E. Sultan Butti Bin Mejren,  Director General of Dubai Land Department (DLD), and Majida Ali Rashid, DLD’s Assistant Director General. The property show offered a unique platform for Dubai Properties to generate sales and inquiries for its landmark projects in Dubai.  During its participation at the recently held Dubai Property Show 2015 at London’s Olympia. Welcoming the large number of visitors, the début edition of the exhibition was opened by H.H. Sheikh Mohammed Bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in UK, in the presence of Emirati dignitaries H.E. Sultan Butti Bin Mejren,  Director General of Dubai Land Department (DLD), and Majida Ali Rashid, DLD’s Assistant Director General. The property show offered a unique platform for Dubai Properties to generate sales and requests for its landmark projects in Dubai.

The Dubai Properties’ stand, which showcased its current portfolio of projects, generated a high number of footfalls during the three-day event.  Its AED 800 million mixed-use Dubai Wharf  specifically attracted strong interest from prospective investors. Located in the heart of Culture Village, Dubai Wharf  overlooks a canal promenade next to the historic Dubai Creek. Its unique and contemporary design, strategic location, and easy accessibility will put the modern development as the most sought-after lifestyle, dining and entertainment hub.

Abdulla Abushabieb, Executive Director Sales and Customer Service, Dubai Properties, said: “Dubai is a popular investment destination for British property seekers who are attracted to its tax-free economy, safe and secure living environment, and high standard of living. The Dubai Property Show was an excellent gateway for us to reach out to genuine investors and buyers and offer them our properties after assessing their requirements.”

“Dubai Properties’ registered  around 4000 visitors over the 3 days of the event, the  majority of who showed keen interest in our projects, especially in the residential segment. Dubai Wharf, in particular, received tremendous response from people who were looking forward to make Dubai as their second home. We are confident of converting the leads received during the show into actual sales,” added Abushabieb.

Dubai Properties has delivered some of the most popular residential and mixed-use developments in Dubai, including the Jumeirah Beach Residence, The Villa, Mudon and Layan in Dubailand, as well as The Executives Towers, Vision Tower and Bay Square at Business Bay.

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/

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/

Dubai Real Estate B2B Conclave’s two-day forum aiming to connect potential investors concludes.

By Anitha Lakshminarayanan

‘Dubai Real Estate B2B,’ a conference that aims to connect potential investors with the emirate’s industry leaders, concluded on October 17, 2014 at the Ritz-Carlton Dubai Marina. The two-day event focused on increased attention and encouraged the entry of more international investors into Dubai’s rapidly growing and thriving real estate landscape. Held under the theme, ‘All questions answered,’ the conference is positioned to become a strategic platform for potential investors in their move to make a smooth entry into the local real estate market.

Engr. Duaa Issam Dablan MSC, Senior Deputy Director, Real Estate Investment Management & Promotion Center, Dubai Land Department
Engr. Duaa Issam Dablan MSC, Senior Deputy Director, Real Estate Investment Management & Promotion Center, Dubai Land Department

‘Dubai Real Estate B2B’ featured key discussions and round tables focusing on important industry issues and topics. The first day of the event  covered topics like new rules and regulations in investing; The impact of World Expo 2020 on Dubai’s real estate market; Loans for non-residents in Dubai; Landlords in Dubai; Assessing the Dubai real estate market and Free Zones, Offshore and Local Dubai companies. Meanwhile, the second day of the conference included topics on the Abu Dhabi real estate market; buying properties off plan; Inheritance law for real estate investments and how to set up a business and be a resident of Dubai.

Participants during the conference
Participants during the conference

Speakers invited to share their insights include Engr. Duaa Issam Dablan MSC, Senior Deputy Director, Real Estate Investment Management & Promotion Center, Dubai Land Department; Dereck Alexander Jon Hoogenkamp, Sales & Marketing Director, Al Barari (Gold Sponsor); Jurgen Herre, Managing Partner, Soliton Holding (Platinum Sponsor); Ainsley Duncombe, International Sales Director, propertyfinder.ae (Silver Sponsor); Ayman Abuhabsa, Head of Private Banking, and Pawan Dhawan, Vice President – Mortgages, Mashreq Bank; Jason Gibb, Business Development, WEST GATE Real Estate; Dr. Theodor Strohal, Senior Partner, Strohal Legal Group; Gurjit Singh, Chief Development Officer, Al Dar in Abu Dhabi; Andrew Thomson, Senior Associate, Clyde & Co; Anthony Walker, Managing Director, Horlborn Assets; Sunil Jaiswal, Founder of REAP institute and Stuart Curtis, Managing Partner, The Synergy Group.

 Dereck Alexander Jon Hoogenkamp, Sales & Marketing Director, Al Barari
Dereck Alexander Jon Hoogenkamp, Sales & Marketing Director, Al Barari

“Dubai’s real estate market is continuing to grow by leaps and bounds—constantly unscathed by global economic gridlock and crises. In fact, the emirate’s recent win to host the coming World Expo 2020 has further fortified its position as a premier investment and tourism destination—which in turn has attracted more international investors to explore potential opportunities, particularly in the real estate segment,” said Julia Zajak, General Manager, Real Events. “Dubai Real Estate B2B aims to give these investors the essential information needed to enter Dubai’s real estate market. The overwhelming response that we have received so far for this event has already prompted us to start on planning for the second edition of this conference, where we aim to solidify the ties between these investors and concerned government agencies and private real estate firms.

According to a recent whitepaper released by the Real Estate Investment Management & Promotion Center, which is an initiative and newly-established division of the Dubai Land Department, the emirate has firmly positioned itself as a place where almost anything is possible—raising the benchmarks even higher in terms of constructing projects that are truly world-class in nature combined with the offer of a luxurious lifestyle. To date, Dubai was able to attract more than 7.9 million tourists during the first three-quarters of 2013 with the hopes of driving in more than 20 million more by 2020, when it hosts the World Expo on that year. Some of the key drivers that are attracting people to Dubai include its booming economy and political stability; no income tax, capital gains or levied property tax; status as one of the world’s safest cities and the presence of excellent world-class infrastructure, to name a few.

“We are proud to be participating in the pioneering edition of Dubai Real Estate B2B. The intentions of holding this event are truly commendable as it aims to act as a portal that can answer all questions about investing in the emirate,” said Majida Ali Rashid, Assistant Director General and Head of Investment Management and Promotion Center, the investment arm of Dubai Land Department. “This event will allow us the opportunity to talk about the advantages and benefits to be gained from investing in Dubai—being one of the world’s safest and most secure areas, the affordable cost of living, its move to become a Smart City and the robust legislative system that protects investors.”

During the event, Al Barari, the conference’s Gold Sponsor, hosted networking opportunities and an exhibition visit for participants. Dereck Hoogenkamp, Sales & Marketing Director, and Al Barari, explains: “Luxury developments such as those at Al Barari are reflective of the positive upturn in the local market; sales show that exclusive properties are still in demand. Unique design and high-quality finishes are the main attractions for ultra-high-net-worth individuals. We are pleased to be part of the first edition of Dubai Real Estate B2B. Our participation in the event will give us the opportunity to meet professionals and investors from abroad.”

Dubai Real Estate B2B Conference is hosting 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 was 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.

The event is being attended by senior level government officials and features 15 presenters from the United Arab Emirates (UAE) 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.

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/

Dubai’s real estate sector fast track their stalled projects.

By Anitha Lakshminarayanan

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Dubai’s real estate sector fast track their stalled projects.

The revival of the market increase expectations of the original stakeholders.

As Dubai’s property market is heading towards a sustainable development. Several stalled projects are back on track. This turnaround comes as a rise in rentals, sales values and Investor sentiments.

With improved economic fundamentals in the country, the top 5 projects which are back on track are the opus set to be delivered in 2015. Taj Arabia that started in 2005 is set for completion in 2016. Jumeirah Village Circle will be delivered in 2016.The Pad in 2016 and the Living Legends in December 2014.

The upturn in the last 12 months has revived the fortune of several stalled projects as well. The improving market fundamentals brought in investors and specialists to take on construction either on their own or with the original developer.

According to market resources, more than 50 percent of the 100 affected projects have already gone through a transition.

Recent regulatory measures from the government have brought in sustainable development to Dubai’s fastest growing real estate. The regulation plays a major role in reviving the fortune of Dubai’s stalled projects as well.

More than 50 percent of the 100 odd, affected projects have already gone through a transition. In the first flush of revival of Dubai’s stalled projects, the processes were simple where in the investors would find a particular project that stood a good chance in an improving market place such as downtown, and business bay. Put up a proposal to the land department and see how they could square off the original buyers in the project.

Dubai Land Department has overseen the entire recovery process, were also fast tracking the transfer to a new set of investors. But here comes a challenge in the pace of the revival process as new investors get in now.

According to the top official from Global Capital Partners “The revival has been easier for small and medium-sized projects though difficult for larger projects in Dubailand.
“Moreover, the original stakeholder’s expectations have raised consonance with the revival of the market”.

In the flush of revival for Dubai’s stalled projects, the processes were quite straightforward. Now there’s a multiplier effect for those original investors who had paid a size-able amount of the upfront fee to get a discount on the sale price.

Some of the legal hurdles turn onerous in these stalled projects, however in Dubailand many stalled projects are gaining momentum in the revival process, and they plan to complete the project in 2016.
Market feedback also suggests that negotiations are on for larger stalled projects. The deciding factor would be to find common grounds among stakeholder’s expectations and what new investors are willing to pay.

Please contact Anitha Lakshminarayanan-freelance writer ( a 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/

Pacific Ventures shape up a residential community in DUBAILAND.

Face to Face with Mr. Parvez Khan,Chairman,Pacific Ventures
By Anitha Lakshminarayanan

Mr. Parvez Khan, a bold real estate developer from India with abundant knowledge of the property market in Dubai, speaks about their Dubailand project pacific village focusing on leisure and residential community in Dubai besides sharing his thoughts on the realty sector of Dubai.
Mr. Parvez Khan, a bold real estate developer from India with abundant knowledge of the property market in Dubai, speaks about their Dubailand project pacific village focusing on leisure and residential community in Dubai besides sharing his thoughts on the realty sector of Dubai.

Pacific ventures shape up a residential community from their Pacific Village project in Dubailand.
PLANS ON HOLIDAY HOMES IN THE FUTURE FROM THEIR PACIFIC VILLAGE VILLAS IN DUBAILAND

After the  Phase-II launch of their Burj Pacific signature apartments, Pacific Ventures, an Indian developer set in 2011 develops a residential community in Dubailand located next to the City of Arabia theme park.

Mr. Parvez Khan, Chairman, Pacific Ventures in an interview to Emirates Property-What’s your Property Cravings said “The Master Plan of Pacific village is designed by Mr. Manoj, an eminent architect with 15 years of experience from India and DUBAILAND officials were impressed with the layout and design of Pacific Village. It’s a gated community and close to the city of Arabia.”

“70% of our downtown project ‘Burj Pacific’ apartments are sold and we are also developing our project in Jumeirah village triangle and Jumeirah village circle that will be ready in December. Our Pacific Village Project will include 65 residential villas, 102 four-bedroom townhouses and a number of two-bedroom apartments and will be centrally located between Dubai International Airport and Al-Maktoum International Airport in the heart of DUBAILAND.”

The four-bedroom townhouses will come in two types, covering a minimum of 3,500-sq ft in size, the apartments will cover an area of 1,240-sq ft while the villas, starting from approximately 5,075 sq ft in size, will comprise of six bedrooms.

The entire development will span over 1.205, 915-sq ft. And will be fully equipped with a community center, open spaces, paved roads and parking spaces. Additional amenities will include a gymnasium and swimming pool and 900 sq ft retail outlet to serve community residents.

The overheated market of Dubai has slowed down to gain stability, inspiring confidence among investors and end-users.

“When we compare the market of 2008, the market is matured now. The old players who operated in the realty market for more than ten years are mindful about the current situation. Global crisis that hit in 2008 has given them a great learning to be watchful of the business around them.”

“It is more interesting to see the market now with all regulations in place, especially the property registration fee benefits the end-user and besides that a transparent market to operate.”

“All our transactions are systematic done via escrow account, certified by Rera.And we have a mixed bag of investors from countries like India, China, Pakistan and Russia.”

“When it comes to real estate, one has to plan long term, say about ten years that is when you yield more profit. And the real estate market is active when the population increases and now the demand for housing units will grow more as Dubai’s population is increasing rapidly. The supply what we have now will not be enough after ten years.”

Plans for Pacific Ventures include holiday home from Pacific village villas in the future

DUBAILAND, which is an international tourist hub, attracts millions of visitors to the global village, motor city and future developments include the city of Arabia theme park and much more.
“We are thinking of holiday villas in the future for which we have obtained permission. And this is a unique concept, wherein we can rent it out for short term to our clients as our townhouses are big with 5 bedrooms. If someone wants to rent it out we can help them too. Additionally, we might start a company that leases out the holiday villas.”

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-freelance writer(currently I write 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/