UAE residential project- what's new .

UAE residential project- what's new .

 

Most new development-are concentrated in the emirates of Dubai and Abu Dhabi .

After all that the real estate market in the UAE has been through times are a- changing. Real estate consultancies such as Jones Lang La Salle (JLL) and Asteco  have been studding the closely as always and the details from this research look promising. In 2012 rents were more or less stable in all emirates except towards _Q4 when they started to escalate.

In Dubai for instance, JLL has predicted that more than 40,000 residential units are scheduled to be released for occupancy over the next 2 year I.e before 2015. Of these, Asteco feels if construction  schedules are ad heard to, 2013 should see 5,400villas and 39,000 apartment ready for occupancy.

The most recent addition have been located mainly in Dubai Marina, discovery gardens, International City andJumeirah Lakes Tower, among others. The newer projects waiting on the anvil are in Downtown Dubai, Balqis residence at palm Jumeirah, the certium at IMPZ and silicon Gates at Dubai silicon oasis.Some homes are also ready in Dubai-land ,Business Bay  and Dubai sport City.
In Abu Dhabi, a notable upcoming residential devolopment is the Marasy which is located in Al-batten area.it comprises villa-style living developed mainly for UAE nationals. According to Asteco, apart from Marasy, there are no other remarkable new devolopment to look forward to in the first quarter of2013.

In fact what is interesting to note is that the rental gap between Abu Dhabi is not that much, and Abu Dhabi definitely offers quality living at affordable and value-based rental rates.

Moving past,there has always been a great demand for quality residential living in AL-Ain. Sahib Al Ashkhabad and shiebat al wahta ,two housing programs in one gated community, are slated to be the most coveted residential addresses inAl Ain. The community is located on a sprawling area of 500 acres and consist of  1,580 units looking to house more than 30,000 people.

Looking east there are no big developments worth mentioning. Cluttons  consultancy reports that in the emirates of Sharjah, the areas of Al Falaj, sharqan and Al fisht are the most desirable addresses to live even thought there has been a 15% increase in rent since October.