Where to buy residential properties in UAE

Where to buy residential properties in UAE

Those want to live in the country for long tome better of buying property than renting

With residential property prices looking of soften this year now may be the ideal time to buy where you choose buy will of course be influenced by your lifestyle as well as what you are looking for in a property.

Depending on your budget background and future plans there are certain areas in UAE that offer freehold properties deciding at what you want from a residential property before you start looking will help you focus on your search

What are the aspects that are most important to you and your family are you looking for value appreciation over a certain period of time a guaranteed income from rent or an ideal  location for you and your family to live.

If you are a reason for buying a home it is to turn in into a rental property rather than a as a home to live in apartments tend to be the preferred choice as these can be easily rented out popular areas in Dubai are Jumeirah Lake Towers Dubai marina Jumeirah Beach Residence downtown
Dubai Palm jumeirah and International City in Abu Dhabi Reem island has a wide range of apartments choices.

However the high demands for family homes means that villas can prove to be an equally worthwhile investments although they do obviously come with higher prove tags there are many villa community to chose from including Arabian ranches emirates living jumeirah village Dubai silicon oasis Jumeirah park and Jumeirah Island in Dubai Raha beach and Saadiyat island in Abu Dhabi and Al Hamara village Mina Al Arab and the cove in Ras Al Khaimah

There are even a huge number of mixed use projects which feature both villas sand apartment currently developed in most countries

Therefore those who want o live in UAE for a longer period may be wise to buy a property and combine the benefits of monthly savings with long term investments.


SOURCE GN

Dip meeting industry warehousing needs

Dip meeting industry warehousing needs

Business park offers extensive solutions to large,medium and small enterprises

DubaiInvestment Park (DIP) is a much sought-after area in Dubai mainly on account of the facilities it offers to the industrial segment. The success of mainly industrial as well as industrial business houses depends, to a very large extent, on their logistical capabilities. Warehousing and storage facilities play a key role in this and that is one of the key strengths of DIP.

Spread over a vast area, DIP has industrial, commercial and residential complexes, meeting the growing needs of a wide range of industries. DIP enjoys the distinct advantage of being strategically located very close to upcoming international airport in Jebel Ali as well as Jebel Ali Port.

Moreover DIP has excellent road access to almost all key business areas in Dubai since there is access from Shaikh Mohammed Bin Zayed Road as well as  Shaikh Zayed Road. It is also relatively close to Abu Dhabi.

DIP offers extensive warehouse and storage facilities as well as dedicated plots where companies can custom-build warehouses that will meet their requirements. There are also ready-made warehouses available at attractive rental rates. There are many warehouses that come with adequate office space thereby providing companies with the opportunity to have the office and warehousing operations under one roof and efficiently managing their logistics needs. Many manufacturing companies located within DIP find this to be a major advantage since it optimizes the production to warehouse to retail outlet cycle.

According to a conservative estimate, more than 200 warehouses spread over 1.4 million sq.ft were leased out last year, and reliable information shows that the numbers have grown this year. A distinct advantage is the high level of security that is being provided to the warehouses in DIP with the compound being fully fenced.

Dubai Investment Park 

·       More than 200 warehouses in DIP were leased out last year.

·       It also offers plots where firms can custom-build warehouses. 

·       DIP has excellent road access to almost all key business areas.

 

Enjoy community living in’The Springs’

Enjoy community living in’The Springs’

For families who want peace and quiet in a serene, self-contained gated community.

The Emirates Living Community comprises of neighboring Emar properties including Emirates Hills, The Lakes, The Views, The Parklands, The Meadows, The Springs and The Greens.This area is close to Dubai Marina, Dubai Media City, Emirates Golf Club and the American University of Dubai.

The Springs is one of the preferred locales for families who want an ambiance comparable to that of Arabian Ranches, minus concern over the relatively longer drive away from the city. There are three schools in the vicinity of Emirates Living namely Dubai Internat ional Academy in Emirates Hills, Emirates International School in the Meadows and Dubai British School in Springs3.

The sprawling lush greenery, 24-hour security, parks, barbeque areas, community swimming pools, sports facilities, nurseries, mosques, numerous convenience retail options and medical center make this gated community sufficiently self-contained, whilst being close enough to upscale Dubai malls like IBN Battuta Mall and Mall of the Emirates.

Springs residents enjoy the amenities shared in common with other Emirates Living residents. They have access to the Emirates Hills Montgomerie Golf Course and the prestigious Golf Academy.

Homeowners of the three, four and five-bedroom houses with floor space areas ranging from1,772 square feet to 3,030 square feet also get their own carport for two cars, a private garden and balcony overlooking the picturesque landscape and neighboring developments.

According to a report from Asteco, prices in villa communities like The Springs, Arabian Ranches and The Meadows have gone up by 7% to 8% quarter-on-quarter. Demand is fueled by the excellent build quality of the properties and the limited number of units available in the market.

Dubai Real Estate Tips

 

The Springs is a part of the Emirates Living Community by Emaar

Of the three schools in the area, the Dubai British School is in Springs 3

Residents have access to the Montgomerie Golf Course and Golf Academy.

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.

Dubai Real estate news : Tenant relocation is a matter of choice or necessity?

Tenant relocation is a matter of choice or necessity?

Many residents are priced out of prime areas due to growing demand and ever-rising rental rates.

As commodities in so-called secondary locations, namely those along the Sheikh Mohammed Bin Zayed road(E311) corridor,continue to evolve, residents are taking advantage of lower rent rates and/or the opportunity to many tenants being priced out of prime developments due to growing demand and ever – rising rental rates.

Although existing tenants are protected by rental cap, which only allows an increase if rents fall below the area range stipulated by RERA, not everyone is aware of this, with some people forced out of their homes because landlords claim to be moving in themselves, or selling the property when, in fact, they’re simply looking for an opportunity to get higher rents from new tenants.

Again, many residents are oblivious to the fact that the owner has to give 12 months notice before they can evict the tenant, or simply decide to move out in order to avoid any hassle with the landlord.

Based on the RERA rental index,the prices for one-bedroom apartments in 

Dubai Marina/ Jumeirah Beach Residence range from Dh50,000 up to Dh90,000. 

According to listings on one of the most popular property search engines in the UAE, there are over 1,300 units advertised above the upper limit of that rang. Despite the fact that this number includes duplicate advertisements and furnished units that achieve premium, the total figure and the fact that new tenants are willing or have no choice but to pay the price or move to less desirable areas is alarming.

Even though rising demand is a result of the growing economy and consumer confidence, which is a positive indicator, if rates continue to grow at these levels, it won’t be long befor people have no choice but to leave Dubai for the more affordable neighboring emirate of Sharjah, at least for the short term.

In the long run, however, there is still a significant amount of

supply in the pipeline and this, coupled with new project launches, is likely to level out the supply-demand balance and keep rent hikes at bay.

Property Tips

·       Some tenants are forced out of their homes not aware of the rental cap.

·       Some are oblivious to the fact that landlords must give 12 months notice.

·       People might leave Dubai for cheaper Sharjah if rates continue to increase.