Dubai’s residential property sector

As the popularity of Dubai is increasing, so is its real estate sector. Dubai has developed new projects in tourism in the last few years and some of these are unique and promise a new channel of revenue generation. The spike in tourism numbers has given rise to new residential developments including apartment buildings and villa communities. A number of new tourist destinations like amusement parks have added to Dubai’s overall popularity as a destination of choice for travelers. Renewed visa policies for transit passengers also has added to a new wave of short term visitors who revisit the country after they are amazed in their short span of time going around the city during a transit.

Dubai has also developed a number of new hotels ranging from basic amenities to 5 star caliber giving travelers of all financial budgets a choice to stay at their preferred locations. Another option for tourists looking for larger spaces is apartments, these can be rented for a day to a month. Most of the apartments available for short stays are located in Dubai Marina, JBR and Downtown Dubai. These are preferred location for people visiting Dubai the first time and those who know the city well. Living in these areas means you are well connected with Dubai Metro and can go anywhere in the city conveniently.

Dubai has the world’s busiest airport in terms

Dubai property price correction

Property prices in Dubai are currently on a decline and a number of factors, both internal and global have contributed to the downtrend. Residential and commercial oversupply apparently seem to be the main reasons, but the external factors like the oil price slump and many slower global economic growth rate also have added to a price correction.

Property developers in Dubai are offering a number of discounts and incentives to entice investors and end users to buy off-plan property. Real estate companies in Dubai are also offering service charges free period for buyers, this works towards a great benefit for buyers who want to live in the property. Also the trend is moving towards extended payment plans that provide buyers the flexibility of payments that last years after the possession of the property, these types of payment plans are bringing a new segment of buyers (mostly first time buyers) into the Dubai property market. All these long term payment plans are interest free which gives the buyer an opportunity for long term investment without a mortgage and save huge amounts on bank interest.

Many Dubai property developers are also focusing on affordable units by providing units a bit smaller that the trend has been previously.  This brings down the total price of the property adding to the affordability for mid-income earners and small businessmen who want to own a property in Dubai either for their own use or for rental income.  Rental returns in most of Dubai areas are much higher when compared to other real estate markets making it lucrative for investors to buy by paying only a part of the price till possession and the remaining through rental income generated over the payment tenure. The property market is going through a phase of price correction and developers are adjusting to the change are offering schemes that suit most of financial situations of end-users and investors.

Real estate choices for start-ups

Dubai is among the easiest places to start a new business or expand an existing one. With a choice of free-zones that make it easy for any new business to get going quickly, the superior support infrastructure make sure a start-up gets everything it needs to establish itself. There are more than 350,000 companies operating in the UAE under the SME segment and developers need to cater to the growing demand of this category.

So what are the choices for a start-up?

 The decision to choose a free-zone to setup the business will always depend on the nature of business. While Dubai Media City is home to many web base companies, technological companies choose to operate from Dubai Silicon Oasis. Jumeirah Lake Towers is also a preferred location for companies looking for connectivity with the metro. For any new business the first stage is to find a good location that is within the operating budget. There are many property websites and portals to search for offices and commercial spaces, www.astonpearlre.com lists a range of retail and office space in different square foot price. The Dubai Design District that opened the first phase in 2015 caters to companies operating within the free-zone and on-shore. Located on Al-Khail road and opposite to Business Bay, Dubai Design District is developed by TECOM investments, the developer of major developments like the Dubai Internet City, Dubai Media City, Studio City and the International Media Production Zone (IMPZ). The project consists of exceptional office space, retail space, residential units and hospitality all within the development. The goal is to create a smart city with technologically smart infrastructure that provides space and creates opportunities for global and regional designers.

Dubai offers plenty of options when it comes to choosing the right location for a business start-up. The demand for new commercial space is expected to grow with the EXPO 2020 and there are new developments underway to meet the growing demand.

Choosing the Right Dubai Real Estate Agent

Dubai is one of the fastest growing real estate markets in the world and has seen immense expansion to accommodate residential and commercial growth. An increase in the number of projects created demand for Real Estate Agents in Dubai, and to cater to the need many International agencies started their operations in Dubai, many local agencies mushroomed to compete with International players.
Whether you are buying off plan or ready property, choosing the right real estate agent is important for any real estate transaction and a number of factors should be considered before a decision.
Before you choose you will need to know about the profile of the agent and the company. It is important to do a little research about your shortlisted agents and see how many years they have been in business, the number of properties sold/rented and the size of the company, the number of employees working for them both as agents and office support staff can also give you a fair idea to base your research on.
Enquiring about the local knowledge of the agent is also important, agents with proper knowledge about the area you are interested in can give you best advice in terms of property valuation, trends in the area and will have along tem term vision which can be useful for investors. Real estate portals have agents list with reviews and ratings which can help in deciding to choose the tight real estate agent in Dubai.
Before you shortlist agents make sure to check if the agent has the necessary license to operate in the area and has passed the test required to become an agent. In Dubai the RERA certification is mandatory for agents to operate and carry out real estate transactions.

Look at the advertising of the agents company and that will tell you about the popularity of the company, but not only larger companies provide good service, the smaller ones are also more concerned about fulfilling the needs of the customer to gain returning business and word of mouth.
An old and proven way to choose an agent is by asking your friends about a good agent that have done business with and are fully satisfied with the service provided; in this way you can be sure as the agent has been recommended to you by someone you trust.
When you meet an agent face to face ask questions about the recent state of the real estate market in the area of interest and in the country, this will give you an idea of the agent’s knowledge of the real estate market and the experience you are looking for.

EMAAR Forte Downtown Dubai

Located in Dubai’s Opera District, Forte is development consisting of two towers. The Project by EMAAR Properties is being launched on 30-May-2015. The project consists of 2 towers Tower 1, consists of 70 floors and Tower 2 will have 50 floors. The project is the second in Opera District and is being launched simultaneously in Dubai, Abu Dhabi and London. The Opera District is a cultural designation which is home to the Dubai Opera, a multi format venue for Opera with a seating capacity of 2,000 seats.
Forte is designed by the famous Japanese architects Nikken Sekkei who have delivered iconic projects in diverse industries. Forte is located on Mohammed Bin Rashid Boulevard in Downtown Dubai and in The Opera District. The towers will offer one to four bedroom luxurious apartments ranging from 650 to 1800 square feet in size with a view of Dubai Opera, the Dubai Fountain. Forte will include amenities within the development that include Gym, Sun terraces, children’s nursery, and swimming pool. Residents of this amazing development can enjoy the vibrancy of Downtown Dubai which is the most visited area in Dubai for being home to some of the iconic developments which include the world’s tallest building, Burj Khalifa, Dubai Fountain and the world’s largest shopping mall. Downtown Dubai also hosts some of the biggest events in Dubai.

Feel the Luxury in Abundance at Arabian Ranches

Arabian Ranches Villas:

The premium villa development set in the heart of the desert, Arabian Ranches is a serene family sanctuary that offers a comprehensive lifestyle away from the bustling city noise while having quick access to the important areas of Dubai. Arabian Ranches is a freehold development by EMAAR Properties and covers a total area of 1650 acres featuring 4,000 luxury villas set amid lush landscapes.

Aston Pearl Real Estate Brokers has a comprehensive availability of Arabian ranches Villas for sale and rent. Aston Pearl Real Estate Brokers have dedicated agents specializing in Arabian Ranches area and have complete knowledge of this popular community, the agents have years of experience serving clients find an Arabian Ranches property to buy or lease. Arabian ranches villas are divided into communities, with each community having unique architecture and the elements that are common between all these communities are luxury, modern design and a serene environment.

CASA: This villa community offers Moroccon styled homes ranging between three and four bedrooms. These homes come in six styles showcasing elegant fittings and exceptional interiors.

Alma Townhomes: Inspired by Spanish architecture, Alma Townhouses are located in the middle of Arabian Ranches. These homes consist of three bedrooms and range between 2436 to 3153 square feet. The Alma Townhouse community offers lush green surrounding complimenting to the theme.

Alvorada: The villas in Alvorada are designed with Portuguese architectural style and the charm of Portuguese architecture is visible in arched windows, rounded walls, decorative turrets and terracotta rooftops. Alvorada villas offer 3 to 5 bedrooms and range between sizes 3566 to 4844 square feet.

Al Mahra: This villa community is inspired by Arabic architecture and offers detached luxury villas ranging between 3,500 to 6,940 square feet having four to seven bedrooms.

Al Reem Villas: Is an eclectic mix of Spanish and Arab architecture blended to create masterpiece homes built over 208 acres with lakefront view. Al Reem villas are two storey detached type ranging between sizes 1,690 to 3,060 square feet and have 4 to 5 bedrooms. Al Reem villas showcase amazing interiors and are the most sought after.

Hattan Villas: The Arabian Heritage is beautifully showcased in these villas with Arabic architecture showcasing open terraces and earthy pallets. Hattan Villas are single family detached homes ranging between sizes 5,443 to 7,230 square feet.

La Avendia: An exclusive collection of luxury villas by the lakeside and overlooking the Arabian Ranches Golf Course, these homes are inspired by Spanish architecture that has been beautifully styled in terracotta roofs and decorative turrets and arched windows.

Mirador villas: Are Spanish styled villas near to the Desert Course of the Golf Club. These villas are two storey single family homes ranging between sizes 3,458 to 6,911. These villas showcase high ceilings in living rooms and colorful roofs which give them a unique essence, the fireplaces with chimneys will take you back in time.

Savannah: Is a collection of 200 elegantly designed homes ranging between 3,216 to 6,185 square feet having three to five bedrooms. Savannah homes feature fantastic interiors with a high level of workmanship.

Palma: A collection of 121 exquisite villas showcasing Spanish architecture having three to five bedrooms featuring stylish arches and terracotta roof tiles giving them a classic feel that blends with the quietude of the community.

Arabian Ranches is an integrated community that offers community parks and gardens, children’s play areas; tennis courts; football ground. Arabian Ranches is also home to the Arabian Ranches Golf Club; the Dubai Polo & Equestrian Club.

Jumeirah Lake Towers, Commercial Impetus and Residential Harmony

Jumeirah Lake Towers embraces some of the iconic commercial and residential towers in Dubai. Divided into two sections, with one section consisting of 79 towers divided into clusters having 3 towers in each cluster. The other section is also divided into four cluster and has a total of 8 towers. The towers are built around 4 manmade lakes and manicured greenery which sets apart JLT and gives it a unique ambience providing a serene atmosphere to the inhabitants and visitors.

Being a free zone, people from any nationality can own a business and buy office in JLT (Jumeirah Lake Towers) .The office of the free zone authority is located in Almas Tower, the highest commercial tower in the Middle East. Jumeirah Lake Towers is a mixed use development and apart from iconic commercial towers it showcases residential towers offering luxurious, upscale apartments in varied sizes. JLT has been built on the concept of work and play and offers an integrated lifestyle to families and individuals. Families enjoy the amenities at JLT which include four covered play areas for kids where they enjoy playing during the summer months, swimming pools, gymnasiums. JLT also offers trails for jogging or cycling around the lakes and enjoy the scenic beauty of this amazing development.

Located on sheikh Zayed Road, JLT has superior connectivity and having its own train station makes it easy for people to commute to and fro from work.

JLT is just opposite to Dubai Marina which provides the residents an opportunity to enjoy various dining, shopping and entertainment options at this amazing development. Dubai Marina is an ambient community with the largest marina and is a center of attraction.

JLT is a self contained community and has all the facilities catering to daily needs of residents. There are enough grocery stores, supermarkets, cafes, furniture stores, medical clinics and restaurants which mean you don’t need to step out of the community to buy daily stuff. There are many reasons that contribute to the popularity of JLT and it has become a sought after development for businesses and professionals to live, work or start a business.

http://en.wikipedia.org/wiki/Jumeirah_Lake_Towers

Jumeirah Islands

Dubai has been redefining community living and creating developments that provide an opportunity of Island Living in a desert. Jumeirah Islands is such an example, this picturesque development consisting of 50 artificial Islands with beautiful landscaping, walkways and great amenities make it a residential community that the residents cherish for a lifetime.

Located between interchange 5 and 6 of Sheikh Zayed Road, in close proximity to Meadows, Springs and Emirates Hills, Jumeirah Island consists of a total of 736 Villas. The villas in Jumeirah Islands are built with four different architectural themes, the themes are European, Mediterranean, Islamic and Oasis, the themes have been inspired by French, Spanish, Ottoman and Moroccan architecture which reflects pretty well in the villas. The landscaping in each cluster has been done according to the theme and matches the architecture.  Villas feature a swimming pool and a unique architecture that provides maximum view of the garden. The villas are set amid waterfalls and quaint walkways which makes the community a haven for families and young couples. The villas have either four or five bedrooms; every villa has a swimming pool, garden area and a room to accommodate the maid. Villas range in sizes between 5000 to 7000 square feet, spacious rooms and chic interiors are a highlight of the villas.

Jumeirah Islands is a self contained community and provides great amenities like Jogging Track, Health clubs, basketball court, children’s play area, restaurants, cafes and shopping center and all this within 24 hour security.  Jumeirah Islands features the Jumeirah Islands Country Club where golf lovers can enjoy superior golfing facilities, restaurants and lounge areas and socialize within the golfing community. Jumeirah Islands has some reputed schools in close proximity which is an important aspect for families to consider while relocation. Jumeirah Islands is a magnificent community and among the best properties to live or buy in Dubai, if you are looking for an exclusive community that provides a perfect environment atmosphere to relax, look no further than Jumeirah Islands community.

Dubai theme parks underway

Dubai is becoming an international leisure and tourism destination. Adding to the fun are the new theme parks that are underway and are going to be major attractions. The Lego-land theme park is going to the first in the Middle east and will allow children aged between 2 and 12 years. Covering a total area of 3 million square feet, it will have more than 100 attractions. The park will also include a water park and is scheduled to open for public in October 2016. The water park will include a wave pool and a river ride.

Another attraction that is coming to Dubai is the Bollywood park, this park will based on themes inspired from famous Bollywood movies. The park will showcase 16 rides and 5 zones and will also include restaurants and cafes.

http://transition.fcc.gov/fcc-bin/bye?https://www.astonpearlre.com/area-guide/jumeirah-park

This city has a home for everyone!

Dubai is a spectacular city and any expatriate after landing in this land of amusement will find it difficult to choose which area to make your home in. Dubai offers a wide variety of  communities each of them unique in their own way. Dubai’s name has always been associated with luxury and glamour and the residential communities complement to the image. However there are affordable communities which offer all modern facilities and amenities and still you will pay  less when compared to other cosmopolitan cities like London and New York. All the communities in Dubai no matter what the sale or rent price is promises complete peace of mind when it comes to security and amenities. The major concerns when  relocating to new city or community are distance from the workplace, schools in the community or nearby (and these schools have to be well reputed), retail center, healthcare facilities. All freehold communities in Dubai are self  sustained are providing the necessary and optional amenities. Living in a community like downtown Dubai means living in the centre of action, downtown Dubai is a vibrant community and home to the cities most happening events. On the other side communities like Jumeirah Village Circle are quite and serene. Budget also plays a primarily role when choosing an area to live.
Buying a townhouse in JVC can be cheaper than buying an apartment in downtown Dubai; rents are also marginally different in communities. Buying a studio in Dubai Marina is more expensive than buying a one bedroom in International city or Dubai sports city. There are many communities that  ere much affordable and some are very expensive when compared to the budget ones, however the price is justified by the kind of luxury the community offers. Villas in Palm Jumeirah have
private beaches and swimming pools that make them super expensive than villas in other communities that don’t have such facilities, but obviously having a private beach is not possible in a community like sports city or green community. Among the most sought after community in Dubai is Dubai Marina and this superb area has been in demand since many years and
a top priority for expatriates to live as the kind of amenities that are available here are unprecedented, access to the marina, best communal facilities, restaurants, cafes, outdoor sports, and strategic location is what keeps this community on top priority for people. People working in areas like Dubai Internet city and Dubai Media City like to live in this meticulously
planned community as they are living near to the workplace and also enjoying world class amenities and the atmosphere of a cosmopolitan city. As the property prices heightened after the property market started recovering from the 2008 crash and living in high end communities became expensive for the middle income expatriates the affordable communities started to witness demand, the areas like Dubai Sports city, Dubailand, Dubai Investment park are believed to be
the new development corridor and will the housing units in these communities will absorb the influx of expatriates and provide them a home in this extravagant city.