#Al Furjan Off Plan Apartments

[exclusivelinksestateagents]

How supporting the community helps build trust and reputation in real estate?

Local Expertise: As an active member of the Al Furjan community, I bring a wealth of local knowledge to my clients. If you are considering buying property in Dubai, whether it’s during property viewings or casual conversations, I showcase a deep understanding of the area. My role goes beyond just selling properties; I’m here to share insights about the community, schools, amenities, and lifestyle. My experience as an Admissions Manager at a local school has been invaluable in assisting families relocating to Dubai, or those seeking information about educational options in the area.

Beyond just facilitating property sales, I offer insights into the broader Al Furjan experience, which sets me apart from other real estate brokers in Dubai.

Positive Reputation: My commitment to the community is reflected in my active participation in various local initiatives. From engaging with the school PTA to being involved in community and social media groups, and participating in community fairs with Exclusive Links, I am a visible and trusted presence in Al Furjan. When people see my contributions to local events, school support, or community projects, they recognise my dedication, fostering a reputation of trust and reliability. This trust is crucial, especially for those looking at luxury property in Dubai or seeking expert guidance on off-plan projects in Dubai.

Creating Strong Relationships

Network Growth:

Supporting the community enables me to forge strong relationships with both residents and business owners. These connections are not just personal; they are professional goldmines, often leading to referrals and repeat business. In the competitive real estate market, these relationships are invaluable, helping to sustain and grow my business.

Loyalty and Word of Mouth:

Genuine care for my community does not go unnoticed. Clients who see my dedication are more likely to recommend my services to others. This word-of-mouth marketing is incredibly powerful, often bringing in new clients who are already inclined to trust and work with me.

Understanding Client Needs

Personalised Service:

Being deeply involved in the community allows me to understand the specific needs and concerns of its residents. Whether a client is looking for a family-friendly neighbourhood, a pet-friendly community with dog parks, or the nearest gym classes, I tailor my services to meet these demands. This personalised approach ensures that my clients find the perfect fit for their lifestyle.

Market Knowledge:

My expertise in the local market extends beyond property prices. I keep a close eye on community dynamics, upcoming developments, local trends, and even new road structures—all factors that can influence property values and desirability. This comprehensive market knowledge helps my clients make informed decisions.

Personal Fulfilment

Giving Back:

Supporting my community is not just a business strategy; it’s a source of personal fulfilment. It gives me the opportunity to give back to the place where I live and work, creating a deep sense of purpose and satisfaction.

Long-Term Success:

A thriving community naturally leads to a flourishing real estate market. By contributing to the growth and well-being of Al Furjan, I’m not only helping my neighbours but also ensuring the long-term success of my business.

If you’re looking at properties for sale in Dubai, considering moving to a new community, whether to rent or buy, I’m here to help. With a deep connection to the Al Furjan area, I offer more than just real estate services—I offer a true community experience. I also can help you with property services in other key communities in Dubai.

[teslaproperties]

Luxury 2-Bedroom Apartment in Equiti Arcade: A Prime Property Investment in Dubai

Explore this elegant 2-bedroom, 3-bathroom apartment in Equiti Arcade, Al Furjan, offering modern comfort and luxury. Spanning 1,157 sq. ft., the apartment features high-end finishes, a sleek kitchen, and top-tier amenities, making it a perfect property investment in Dubai. With bright, spacious living areas and access to a gym, pool, and landscaped spaces, this residence offers an ideal blend of relaxation and modern living. Contact Tesla Properties today for more details.

Distance key between facilities

Hospital - 5 minutes Super Market - 5 minutes School - 5 minutes Airport - 45 minutes Mall - 5 minutes

Starting Price- AED 1,460,000

TESLA PROPERTIES

Tesla Properties | Buy or Rent | Homes, Villas, Apartments & Off Plan | Dubai Real Estate Investment Company »

https://teslaproperties.ae/ »

+971545536772

info@teslaproperties.ae »

[tvgrealtors]

Unveiling Affordable Housing Gems in Dubai with TVG Realtors

Dubai may be synonymous with luxury skyscrapers and opulent lifestyles, but beneath the gilded surface lies a thriving market of affordable housing options. Yes, you read that right! Owning a piece of this vibrant city doesn't have to break the bank. With the right guidance and knowledge, you can find your dream home in Dubai without compromising on quality or location.

Enter TVG Realtors: your trusted partner in navigating the dynamic world of Dubai real estate. We're here to dispel the myth that affordability and Dubai don't belong in the same sentence. Today, we'll shine a light on some hidden gems waiting to be discovered.

Budget-Friendly Communities:

Jumeirah Village Circle (JVC): This family-friendly community offers a mix of apartments and townhouses at accessible prices. Imagine spacious living, lush parks, and convenient amenities, all within reach.

Dubai South:  Dubai South is a rapidly developing area with modern apartments and a focus on future growth. Perfect for young professionals and investors seeking value.

Town Square Dubai: This megaproject boasts a wide range of affordable apartments and townhouses, along with a vibrant town center buzzing with shops and restaurants. Ideal for those who crave urban convenience.

Beyond Location:

Consider smaller units: Studios and one-bedroom apartments offer excellent entry points into the Dubai housing market. Remember, smart space planning can maximize every square foot.

Off-plan options: Explore properties still under construction. While you'll need to wait a little longer, you can often secure attractive pre-launch prices.

Think outside the box: Don't limit yourself to popular areas. Up-and-coming communities like Dubailand and Al Furjan offer surprising affordability and potential for appreciation.

TVG Realtors: Your Guiding Hand:

At TVG Realtors, we don't just show you houses; we help you find a home. Our experienced agents understand your needs and budget, tailoring your search to uncover hidden gems that fit your aspirations. We'll navigate the legalities, negotiate the best deals, and ensure a smooth journey towards your dream home.

Ready to unlock the door to affordable living in Dubai? Contact TVG Realtors today! We'll transform your vision into reality, proving that owning a piece of this dazzling city is closer than you think.

[dubaihomes]

Why to invest in Rosalia Residences at Al Furjan

Dubai's Rosalia Residences at Al Furjan Deyaar's 1, 2, and 3 bedroom apartments can be found in the remarkable and wonderfully designed Rosalia Residences in Al Furjan, Dubai. Discover the captivating and thrilling way of life in the greenest and most urban neighborhood. This sophisticated work of art features modern, metropolitan architecture. Be in the most vibrant, bustling area possible, where people live happy, healthy lives.

This is a creative masterwork with exquisite finishing and skillfully planned craftsmanship. The exterior of this structure is simple yet elegant, including an earthy color palette, a large living room, and balconies. This all-inclusive resort provides ease, convenience, peace, and a welcoming environment for families.

The upscale Rosalia Residences by Deyaar in Al Furjan, Dubai, provide studio, one, and three-bedroom apartments with contemporary architecture that blends form, light, and function. Tucked away in the Jebel Ali neighborhood of Dubai, the complex has modern architecture, sweeping city vistas, and clean lines. The interior layout promotes infinite space, with large windows and spaces that provide maximum ventilation. The kitchens in the apartments have contemporary appliances and finishes, and they provide a quiet haven for rest and renewal.

Features & facilities: Rosalia Residences offers a wide range of carefully selected facilities. Every day is filled with comfort thanks to the many possibilities for unwinding, including the well-stocked gym, the comfortable pool, and the jacuzzi. Savor some sunshine and leisure on the terrace, a quaint outdoor hideout. Observe your kids' happiness in a lively and safe play space. Build relationships in the outdoor community garden to promote a sense of community. In the on-site gym, improve your general level of fitness and take care of your body and mind. The sauna and steam room are great places for residents to relax and receive relaxing treatments. To round off the many amenities meant to improve the quality of life, residents may also use changing rooms.

Position: Rosalia Residences in Al Furjan Dubai, has a prime position. Traveling on Sheikh Zayed and Sheikh Mohammed Bin Zayed roads is certain to be simple, while Al Furjan and Discovery Garden metro stations deliver further convenience right to your door. With its ideal location just 20 minutes from the bustling center of Dubai Marina and 35 minutes from Dubai World Central, Al Furjan provides the ideal balance of closeness for both business and play. Residents may expect seamless connections as this community skillfully blends the energy of the city with the peacefulness of the outdoors. Take in the verdant surroundings of Al Furjan Park and set out on exciting excursions along the 40km cycling route.

Masterplan: At Rosalia Residences, discover a world painstakingly created only for you. It's an immersive experience rather than just an address. Savor expansive green areas and an active community life, where your roomy apartment guarantees unmatched comfort, more meaningful relationships, and everyday delight. Beyond just a place to live, Rosalia Residences offers convenient access to lively cityscapes. Discover golf courses, posh retail malls, fine dining options, high-end hotels, convenience stores, and prestigious performance spaces all within minutes of this exclusive neighborhood, all adding to an extraordinary way of life.

Highlights Select from a select few magnificent apartments with one, two, and three bedrooms. a nine-story low-rise building with a bottom level Stylish facilities and superior finishes An excellent assortment of facilities and a verdant environment.

Conclusion One of the most prominent and well-known brands in the Rosalia Residences at Al Furjan, it has an amazing portfolio of award-winning projects throughout the United Arab Emirates that attract financiers and a diverse clientele with their distinctive settings, sophisticated designs, and superb execution.

[offplanapartments-blog]

Why Fall In Love With Farhad Healthcare City Apartments?

The Azizi Farhad apartment for sale in Dubai is an ideal potpourri of modernism, style, and class. Our project is home to unparallel villas that are not only tastefully crafted but also guarantees you with distinctive views from the rooms itself. We bring to you apartments comprising of 396 studios, followed by 20 bedroom apartments and218 bedrooms. 

[squrehubblr-blog]

Amazing OFF PLAN Investment opportunity in Project at Al-Furjan Studio 101 by Meilenstein

Best Offer Cheapest Studio Apartment

Call for further inquiry

+971556359211

[articleznew]

Sales of affordable housing units in Dubai surge

The inexpensive housing segment is experiencing the strongest call for in Dubai as homes priced beneath Dh1.five million ruled transactions in the emirate's actual estate market all through the first 9 months of 2019, latest statistics shows. Low-value properties or low-priced housing units' income registered 10.87 in line with cent year-on-yr boom throughout the January-September length this year as Dubai recorded 18,858 transactions for residences well worth as much as Dh1.5 million, compared to 17,009 offers inside the same length final yr, Property Finder Group's record .

 Analysts said sales and leasing demand for less expensive gadgets will continue to outweigh larger houses in Dubai due to a developing young population, higher percent of bachelors and small families, and more yields offered to buyers. Experts stated a correction buy apartment in uae is regularly making Dubai belongings greater low-priced to investors and end-users. Dubai realty has emerged as a mature and low priced market after shedding nearly 25 per cent of its value inside the past five years, they added. "Affordable end-consumer housing demand is nevertheless excessive and is predicted to stay the case for many years to come," Haider Tuaima, head of actual estate studies at ValuStrat, told Khaleej Times. 

Our studies has located that current charges reached preceding low tiers of 2012, which in turn is prompting many families to bear in mind and/or flow to Dubai from the Northern Emirates," he stated. Data Finder's records confirmed that 6,888 transactions had been registered in Dubai for homes valued between Dh1.five million to Dh3 million during the primary nine months of 2019, while residences valued between Dh3 million to Dh5 million recorded 2,196 transaction in the course of the period. It further noted that 726 deals for houses valued among Dh5 million to Dh10 million and 520 transactions for homes really worth extra than Dh10 million. John Stevens, managing director at Asteco Property Management,real estate companies in dubai have come to be greater affordable inside the global context because of availability of 'limitless land' for development in comparison to very saturated and limited markets of London and Hong Kong, among others. 

"Affordability isn't most effective measured in phrases of the fee, but additionally with regard to price terms. Developers have shifted their focus to the fee and bendy fee plan due to worldwide/nearby headwinds and the general squeeze in buying power," he said, adding that this trend isn't always predicted to change within the short- to medium-time period length. Farhad Azizi, CEO of Azizi Developments, said the less costly housing segment is experiencing the strongest call for - extensively extra than luxury properties. Referring to the Dubai Statistics Centre's Labour Force Survey in 2014-15, he stated about two-thirds of humans earn less than Dh5,000 in line with month. 

This approach that a huge population isn't always eligible for a mortgage as it calls for a Dh15,000 minimal salary. This phase can't buy off-plan gadgets additionally as most builders require a minimal income of Dh10,000. Stevens stated that at the same time as many citizens have been capable of improve to larger and/or higher gadgets due to multiplied supply and declining rates, a great wide variety of human beings nevertheless live in shared units because the current 'low priced housing' is inaccessible to them.   Those whose developments meet these criteria will thrive and notice a huge growth in income.

 Tuaima of ValuStrat said some builders are assembly call for for inexpensive housing units by constructing smaller and greater realistic residential spaces, in addition to offering smooth charge plans. "Our studies has proven that new-construct average prices per square foot are still relatively high when in comparison to older geared up counterparts," he stated. Data Finder's statistics also confirmed that established communities saw higher call for for geared up units, with Business Bay ranking highest at 1,036 income in the secondary market. Other famous communities had been Dubai Marina (942), International City (939), Jumeirah Village Circle (783) and Al Furjan (677).

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[abujaihs-blog]

Dubai Developers Offer Heavy Incentives to Attract Property Buyers

Lucrative incentives, innovative payment plans and freebees are tempting investors and tenants to own a home in Dubai as developers are going the extra mile to dispose of unsold stock ahead of potential upcoming supply of over 50,000 homes this year. Developers in Dubai are pulling out all the stops to win over buyers for newly launched and existing projects by extending post-handover payment plans on off-plan properties to ready homes as well as arranging bank financing for initial down payment of the property. Extended post-handover payment plans from three years to anything up to 15 to 20 years, rent-to-own schemes and guaranteed rental returns are now the industry norm as the developers get creative to compete with other investment markets. Experts?and analysts said it is a win-win situation for both developers and buyers as Dubai real estate market enters into a maturity phase and shows stability despite more than 27 per cent decline in prices since the peak of mid-2014. Lynnette Abad, director of Research and Data at Property Finder, said developers have become quite creative over the last few years to sell their properties, both under construction and ready stock. The most popular have been the post-handover payment plans, rent-to-own and new schemes such as the one offered by Emaar and DMCC, she said. "Developers are very aware that they need to be creative with new offerings to attract more foreign direct investment and be competitive with other popular investment markets," she said. Market insiders said developers have been playing the role of banks to stimulate demand for both off-plan and ready properties with ingenious payment plans. This is because under the current loan-to-value requirements in the UAE, the majority of buyers find it difficult to raise bank finance, and establish a foot on the ladder, due to hefty deposits and fees required.? "As the real estate sector matures, developers need to come up with innovative schemes to attract buyers. Rent-to-own and extended payment plans are crucial in attracting home buyers," said Rizwan Sajan, founder chairman of Danube Group. He said more than 80 per cent of the UAE expatriates still live in rented homes and most of them have a wish to own their home in Dubai and these payment plan will surely help them. "In the coming years, we expect more innovation to drive the growth of the real estate sector in Dubai," he said. "In 2014-15, we launched trend-setting one per cent monthly payment plan that helped us to attract thousands of end-users who had earlier been priced out of the market. Since then, we sold more than 5,000 units in the last 5 years. "We have successfully converted thousands of tenants to home-owners. Going forward, these innovative schemes will help attract more end-users and home buyers to Dubai's real estate," he said. Public, private developers? While government-affiliated developers are the ones offering flexible payment plans and rent-to-own schemes for ready homes, private players are jumping on to the bandwagon as well. Nakheel is offering a payment plan for the Al Furjan villas and townhouses where buyers can move in now and pay across seven years. Customers only need to put down a five per cent deposit. Other perks include no Dubai Land Department fees, two years free service charges and two years free club membership.? The latest incentive deployed by Azizi Developments for a newly launched scheme in Al Furjan is to partner with one bank for down payment loans while another financial institution will service the remaining portion of the mortgage. This has been conceptualised to bring in people who cannot afford the initial down payment.

Shaher Mousli, chairman, Arthur Mackenzy Properties Group, said extended multi-year payment plans and rent-to-own schemes are a norm in many parts of the Western world, however it is the developer-financed projects that are able to offer the level of flexibility that the buyers in today's market expect. "With offers like 10-year and 15-year rent-to-own schemes direct from the developer in the market, we foresee a sizeable part of UAE residents becoming homeowners," he said.   "International investors have traditionally been unable to benefit from local banks with little or no offerings to suit them. Such payment plans directly from developers will surely add to the surge of international investors ahead of Expo 2020," he added. Rent-to-own schemes? Rent-to-own schemes could see a good take-up since tenants only need to produce a small down payment unlike the 25 per cent sought by banks for mortgages. Even industry giant Emaar Properties is offering back-loaded payment plans for a slew of its off-plan projects across Dubai. The developer offered post-handover payments for buyers of ready villas in Arabian Ranches 2, where the average price is D1,160 per sqft. Emaar is also providing a scheme at a Dubai Hills Estate project where buyers of an apartment get a three-year renewable business licence, three-year renewable family residence visa and 100 per cent business ownership in DMCC.? Similarly, Sobha Realty is offering a discount on school fees for those buying an apartment in its project - Hartland Greens, where the average price for off-plan projects is Dh1,870 per sqft, according to DLD data.? Haider Tuaima, head of Real Estate Research at ValuStrat, said any payment plan that minimises down payments with monthly payments not exceeding 30 per cent of an income is a welcomed news by expats working in the country seeking to become owner-occupiers. "As the market matures, master developers and sub-developers alike, become further aligned with market demand, and since current demand is biased towards affordable housing, we can expect more innovative payment plans for the medium term," he said. "It would be prudent that such plans are designed around a buyers' ability to re-pay in the long term and that appropriate credit checks are taken by the seller at the outset of the agreement," Tuaima said.

Guaranteed returns In a bid to offload unsold stock from their inventory, developers are also offering a guaranteed rental return for several years on their serviced apartments to bring in investors. Damac Properties in particular has been piloting such schemes. However, longer payment plans can also result in higher property prices for buyers. Such properties are always traded at a significant premium to the general market price.? Even in the rental market, big developers like Dubai Properties are offering up to 12 cheques and adding in sweeteners like a month's free of rent to fill up unoccupied units in communities like Remraam and Ghoroob Mirdif. Source: khaleejtimes Read the full article

[businessliveme]

Transaction values for real estate sales in the UAE go up in 2019

Transaction values for real estate sales in the UAE go up in 2019 as prices remain competitive for investors, home buyers and tenants – Bayut’s 2019 End of Year market report

Dubai, UAE – 12 January 2020: As the emirate prepares for the launch of exciting new projects and announcements for 2020, the UAE’s market-leading property website, Bayut has released a comprehensive overview of property prices in Dubai’s popular areas over the course of 2019 compared to 2018. Bayut’s data confirms that prices have continued to become more competitive throughout 2019 in Dubai. This has encouraged interested buyers and investors in the market to take the plunge and invest, which has resulted in both the number and value of property transactions increasing for property sales in Dubai, also apparent from the DLD’s latest data.

Popular freehold communities such as Palm Jumeirah, Dubai Marina, Downtown Dubai, and Jumeirah Village Circle dominate the sales segment in the secondary market. In the primary segment, areas which are easily accessible from the Expo 2020 site such as Dubai South are also garnering interest from potential buyers and investors while upscale neighborhoods such as Mohammed Bin Rashid (MBR) City and Dubai Hills Estate are still popular with those looking for off-plan developments in premium communities with more affordable payment plans.

Based on the comparison of sales prices from 2019 to 2018, there are declines in asking prices across the board for both apartments and villas. Luxury waterfront areas such as Dubai Marina and Palm Jumeirah have attracted interest from buyers looking at purchasing ready units, while recently handed over communities such as DAMAC Hills and Dubai Hills Estate are also making their mark in the list of top ten most popular areas to buy real estate in Dubai.

Throughout 2019, Dubai Marina has held on to its title as the most popular area for apartment sales, while Palm Jumeirah continues to attract the highest number of buyers and investors for villas. The price per square foot in Dubai Marina has remained affordable in 2019, reducing by 11.8% from AED 1,502 in 2018 to AED 1,326 in 2019. This has also contributed to the increased transactions in the area which saw sales worth AED 8.07 B in 2019 as opposed to the AED 5.06 B it generated in 2018 as per DLD.

When it comes to the average sales price per square foot for apartments, the luxury area of Palm Jumeirah saw a decline of 16.6% from AED 1,671 in 2018 to AED 1,394 in 2019.

Areas such as Business Bay and JVC have remained fairly stable with marginal declines in price per square foot of under 5%.

When it comes to villa sales, the area where prices have become considerably more affordable is JVC, with the price per square foot lowering by 13.8% to AED 599 in 2019, compared to AED 695 in 2018. This can be attributed to a number of factors, including the increased supply of units in the area thanks to recent off-plan handovers and the emergence of neighborhoods such as Al Furjan and Barsha South which offer similar facilities in the vicinity.

In terms of ROI, International City offers the highest ROI of 9.4% for apartments, while the affordable community of Jumeirah Village Circle offers rental yields of 6.5% for villas.

Bayut also reports that established areas like Al Nahda, Dubai Marina, Mirdif, and Jumeirah continue to lead the rental market in Dubai. Conditions have remained favorable for tenants with plenty of exciting opportunities for those looking to move homes. Whether it’s to upgrade to more upscale areas at lower prices or negotiate lower rents in their current homes, the price correction in Dubai’s market is aiding tenants to leverage market conditions and get the best possible deals.

Staying in line with the trends seen across 2019, Al Nahda and Dubai Marina have remained popular among potential tenants looking to rent apartments, while Mirdif takes the lead with those interested in villa rentals. Prices for all units in Al Nahda have gone down by approximately 13% – 16%, while Dubai Marina has faced decreases between 8% -13% on average. Most of the other popular areas for apartment rentals such as JVC, Bur Dubai, and Deira also experienced decreases between 8% -14% in 2019 compared to the prices in 2018.

When it comes to villa rentals, apart from the consistently popular areas such as Mirdif, Jumeirah, Al Barsha, and Arabian Ranches, reasonably priced communities such as DAMAC Hills, Dubailand and Reem are also receiving attention from potential tenants. Prices have become more affordable across the board for villa units in these neighborhoods, with most areas seeing declines between 8% – 16%.

Along with Dubai South and Akoya Oxygen which dominate off-plan sales, Bayut’s data also shows interest is picking up in upscale neighborhoods such as Downtown Dubai, MBR City, and Dubai Hills Estate. Developing areas such as JVC, Dubai Sports City, and Town Square are also popular thanks to competitive payment plans. The data released by the Dubai Land Department up to November 2019 also shows that transactions were higher in the off-plan segment in 2019 compared to 2018. A total of 14,113 transactions were recorded for the off-plan segment in 2019 while the number of transactions in the ready property market came up to 13,480. While the numbers are fairly close, there is a clear leaning towards the primary off-plan segment in the Dubai real estate market.

Infographic – Dubai End of Year Market Report 2019

Haider Ali Khan, CEO of Bayut, commented on the performance on the Dubai real estate market:

“2019 has been a year where we welcomed a lot of positive resolutions to bolster interest in the Dubai property market. We are seeing the outcomes of these initiatives with transactions increasing consistently year on year. At Bayut, we have also seen the direct impact of the increased interest towards property investments in the region. The number of visitors to the website has consistently grown throughout 2019 and we recorded our highest traffic of over 3 Million sessions in October, showing that there is a large captive audience wanting to transact as buyers, sellers or tenants in the UAE real estate industry, with Dubai as the most sought after emirate”

We can expect this trend to continue in 2020 as well. It is certainly going to be another year of many firsts for Dubai. We will be seeing a lot of new initiatives before the Expo 2020 launches in October. Construction will be completed for a lot of projects which have been developed specifically for the event, whether it’s for residential, commercial or tourism purposes. This will not only increase inventory, but it will also provide tenants and buyers with exciting alternatives that they can explore.”

“This is also the year where we will see the market mature as a result of key regulations introduced in 2019, including reduced fees for early settlement of mortgages and the Higher Committee for Real Estate Planning. It will be interesting to see how property prices will evolve in the face of these new conditions. Overall, we can be optimistic about sustained interest in the Dubai property market. The world is coming to Dubai in 2020, and conditions are ideal for increased transactions for all stakeholders. Healthy ROIs will invite more investors, and innovative payment solutions will help tenants to consider transitioning into homeowners!”

The post Transaction values for real estate sales in the UAE go up in 2019 appeared first on Businessliveme.com.

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[global99ae-blog]

21 Top Properties For Sale In Dubai

Property NameType - For SalePrice [Aed]Location [Dubai]

South Beach HolidaysApartments1,580,000 - For SaleEmaar BeachFront

La Vie TowerApartments1,300,000 - For SaleJumeirah Beach Residences (JBR)

The Palm TowersApartments1,700,000 - For SalePalm Jumeirah

Azure ResidencesApartments2,550,000 - For SalePalm Jumeirah

Al FurjanVilla3,059,000 - For SaleAl Furjan Residences

Dragon TowersApartments477,600 - For SaleDragon City

Wilton Park ResidencesApartments740,828- For SaleMohammed Bin Rashid City

Belgravia SquareTownhouses550,828 - For SaleJumeirah Village Circle Dubai

Belgravia Heights ITownhouses460,000 - For SaleJumeirah Village Circle, Dubai

Belgravia Heights IIApartments460,000 - For SaleJumeirah Village Circle, Dubai

DT1Apartments1,179,828 - For SaleDubai Downtown 1

Wilton TerraceTower 11,002,828 - For SaleMohammed Bin Rashid City

Wilton TerraceTower 21,040,828 - For SaleMohammed Bin Rashid City

Jumeirah Luxury LivingTownhouses2,850,000 - For SaleJumeirah Golf Estates

Artistic HeightsApartments107,630 USD- For SaleJumeirah Village Circle Dubai

Redwood ParkTownhouse396,486 USD- For SaleJumeirah Golf Estates

AlandalusTownhouses211,950 USD - For SaleJumeirah Golf Estates

Bloom TowersApartments415,000- For SaleJumeirah Village Circle Dubai

Bloom HeightsApartments407,000 - For SaleJumeirah Village Circle Dubai

Binghatti StarsApartments461,295 - For SaleDubai Silicon Oasis

Millennium Binghatti ResidencesApartments802,535 - For SaleBusiness Bay, Dubai

Top Properties For Sale In Dubai Off Plan

Presenting, South Beach Holiday Homes at Emaar Beachfront, featuring fully-furnished 1, 2 & 3-bedroom waterfront apartments, by Emaar Properties in Dubai, UAE. An investment-friendly development ensuring High ROI, the units come equipped with everything that you look for in general. The first of its kind holiday homes concept in Dubai, it is expected to generate a lot of interest. From an investor’s perspective, the residential units have tremendous potential courtesy the short-term rental pool, which of late is fast becoming a trend.

La Vie Tower Jumeirah Beach Residence situated close to Dubai Marina, which is a huge waterfront community in Dubai. It is a huge territory with magnificent views. There you will have all kinds of entertainments as well as real world-class shopping. From La Vie Dubai you can easy get to all famous places in Dubai because of its perfect location. Go shopping to The Walk, enjoy promenade at Jumeirah Beach and feel happiness each moment of living at La Vie JBR by Dubai Properties. Overlooking both crystal-blue waters of the Arabian Gulf and the skyline of Dubai, Jumeirah Beach Residence (JBR) is a perfect location for adepts of luxurious beach lifestyle from all over the world.

Situated on floors 19 to 47 of The Palm Tower, studio apartments are spacious while one, two and three-bedroom apartments are fully-furnished. Elegant interiors, along with an array of luxury facilities in the tower, ensures that living in The Palm Tower Residences is as easy, convenient and comfortable as possible. The Palm Tower Residences offers a choice of uninterrupted panoramic vistas. Experience the best views of Dubai through the floor-to-ceiling windows of your apartment. Breathtaking daytime and nighttime views of Palm Jumeirah,

Azure Residences is a stylish ten-storey beachfront residential building offering idyllic beachside living on the eastern shoreline of Palm Jumeirah. The complex features 170 upscale, contemporary one and two-bedroom apartments that are ready to move in now. Combining the simple elements of great living with superb attention to detail, every apartment has an expansive private terrace commanding panoramic views across the Arabian Gulf, Palm Jumeirah and Dubai’s world-famous landmarks.

One of Dubai’s most popular residential districts,Al Furjan is a vibrant neighbourhood that celebrates the true spirit of community. A distinctive selection of four-bedroom villas and three-bedroom townhouses has been designed to satisfy every practical need with all modern comforts offering homes that are both functional and inspired. Palm Jumeirah - Dubai

Spread across a total area of over 11 million square feet, Dragon City is set to become one of the region’s most attractive destinations for shopping, living, business and leisure. Building on the success of Dragon Mart and Dragon Mart 2, already the biggest Chinese trading hub outside mainland China with 2.2 million square feet of leasable space, additional extensions will add a further 1.3 million square feet of leasable space.

Tucked away in its own quiet corner in Mohammed Bin Rashid Al Maktoum City, Ellington Group’s latest project exudes serenity. Surrounded by lush parklands, Wilton Park Residences is a secluded haven, set apart from the hustle and bustle of the metropolis. And yet everything is at hand within easy reach.

Own your dream home in Dubai. Belgravia Square is set to become an icon of contemporary architecture in Jumeirah Village Circle. Encompassing two smartly designed ‘L-shaped’ blocks that face each other, Belgravia Square has a total of 225 spacious studios, 1 and 2 bedroom apartments. Furthermore, the grand lobbies are built to impress. The majestic design and dynamic lighting are complemented by beautiful sculptures made by local artists.

Own your dream home in Dubai. Belgravia Square is set to become an icon of contemporary architecture in Jumeirah Village Circle. Encompassing two smartly designed ‘L-shaped’ blocks that face each other, Belgravia Square has a total of 225 spacious studios, 1 and 2 bedroom apartments. Furthermore, the grand lobbies are built to impress. The majestic design and dynamic lighting are complemented by beautiful sculptures made by local artists.

DT1 is an edgy and slick statement on the urban qualities of Downtown Dubai. Tailored and sophisticated. It has a mixed feel of concrete, corten steel and wood. With this raw palette of finishes, the hospitality style layering of design has allowed for a functional and design-driven outcome. Architectural firm Perkins+Will has executed a truly boutique property that has the town raving. The interiors feature storage and efficiency driven details that accommodate today’s living style.

Ellington’s Wilton Terraces II is a contemporary residential development designed by the award-winning architectural firm Perkins+Will. Comprising of two 12-storeyed towers, the development contains 283 bespoke one and two bedroom residences. Built with a focus on community living the towers of Wilton Terraces II are interconnected by a single podium at the base, creating a magnificent exterior that is unmistakably unique. Moreover, every house overlooks lush green gardens and is interspersed with public squares and soothing water bodies.

Featuring some of the most in-demand Dubai properties, Jumeirah Luxury is located adjacent to Al Khail Road, with the main entrance standing near Sheikh Mohammed Bin Zayed Road. The development's location was strategically selected at a central point to be easily accessible from different parts of the city. Minutes away from Palm Jumeirah and Dubai Marina, Jumeirah Luxury is also a short drive from some of Downtown Dubai's hottest attractions, nightlife venues, mouthwatering eateries and blooming shopping districts.

ARTISTIC HEIGHTS is strategically located in Jumeirah Village Circle which is the new business district within Dubai that promises to be the city’s commercial and business focal point as well as offers you the opportunity to own a quality residence set in a beautiful, family-friendly, and a serene community as well as designed to embody a vision of peace, harmony, health and happiness. It embraces the symmetrical component of Islamic art and celebrates the importance of lush vegetation and water among the desert landscape, creating a stimulating community.

Redwood Park consists of 75 three to four-bedroom townhouses offering spectacular fairway views of the Fire golf course. Designed with the same elegance and aesthetics that are a hallmark of Jumeirah Golf Estates and inspired by the Tuscan countryside, Redwood Park offers a unique lifestyle experience and superior quality. As well as featuring a swimming pool within the community for residents, there are family-friendly amenities including a children’s swimming pool and a children’s play area with a tensile shade.

Alandalus has the romantic, leisurely feeling of a beautiful hill town. With stunning golf course views, extraordinary foliage and 5 lakes flowing through, this splendid integration of Andalusian architecture and landscape design makes Alandalus a truly unique residential and retail destination in Dubai. All residential apartment units have large covered terraces, which allow for an indoor-outdoor lifestyle and bring the green of the golf course very close to residents.

The Bloom Towers , elegantly crafted by Bloom Holding is a spectacular urban enlargement with 3 residential tower A, B and tower C comprises Studios and 1 Bedroom apartments at Jumeirah Village Circle (JVC), Dubai. starting from AED 343,000 with easy installment Payment Plan option. The apartments merges modern timeless stylish design with excellent comfort and expediency, creatively blend excellence materials, bright design and sustainable explanation to create living surroundings that stimulate, surprise and pleasure. Bloom Tower offering total 689 Studios and one-bedroom apartments in the 29-story towers have been carefully considered to brighten your days and empower your life.

Bloom Heights is conveniently located in the heart of Jumeirah Village Circle, one of the fastest growing communities of Dubai with easy access to the city’s main business districts and leisure attractions.

Binghatti Stars is a residential apartment building located in an upscale community rich with facilities, an all-in-all development that provides a dynamic fitting for both individuals and families.

The epitome of high-end lifestyle featuring exceptional homes, sophisticated amenities, and a strategic location. Millennium Binghatti Residences is a 29-storey tower that offers luxurious hotel-inspired lifestyle situated in one of the most sought-after locations in Dubai. With its elegantly architectured homes, spacious floor areas, magnificent surroundings, and world-class services, residents can experience a distinct fusion of modern urban lifestyle with traditional ideas integrating its relevance to the regional culture and climate.

Dubai Property For Sale

Real estate has been a big business in Dubai, the fundamental driving force for the economic miracle that transformed this desert into one of the densest skyline filled with super skyscrapers. Purchasing a property is always a humongous task and one has to take into account a lot of factors, to make it much easier consider Dubai off plan promotions which gives you the freedom to choose from best payment plans in Dubai. Offered by world class developers such Emaar & DAMAC , the payment is flexible and there always a post-handover plan which can be lucrative for secondary market sale once the development is completed. There are also completed property which are often sold by the owners or some property management companies, such ready to sale villas or apartments, to get the cheapest property in Dubai market search is inevitable it cannot be left on agencies alone as there are a lot of online portal which can aid in this regard. In recent times Dubai property prices have been declining as there is an influx of new units in the market, this makes investment much more ideal as the prices will surely hike once the market trends stabilise. If you are looking for property for sale in Dubai , dig into property finder Dubai which can give you an extensive and insightful price index, the prices are always authentic and recently a deal with DLD ensures that the transactional amounts are displayed transparently. This transparency makes this city an ideal investment destination.

We have a wide selection of properties across the city

Call us on +971 50 610 9564 for more details.

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[exclusivelinksestateagents]

Making the Decision: Buy or Rent in Dubai?

Deciding whether to rent or buy property in Dubai hinges on the length of your stay. For medium to long-term residents, buying is often a wise choice due to Dubai's economic stability and safety, allowing you to benefit from property appreciation despite market fluctuations. Conversely, if your stay is short-term, renting is safer, as it avoids the risks associated with needing a quick sale. Your decision should ultimately align with your risk tolerance and long-term plans.

Luxury properties are available for both sale and rent in Dubai. Renting offers the advantage of immediate occupancy without the long-term commitment, while buying can provide potential long-term financial gains. Newly built, high-end, unfurnished apartments can offer a luxurious lifestyle without the need to commit to a purchase.

To assist in this decision, our experienced real estate brokers in Dubai have identified key factors to help you confidently navigate the market and make the right choice.

Transitioning Mindsets: Renting to Buying

The debate over renting versus buying in Dubai has intensified with rising rents. Many tenants, rather than downsizing, are moving to more affordable areas with improved infrastructure, such as Jumeirah Village Circle (JVC). In some cases, mortgage payments in these areas are comparable to current rental prices, making buying a more financially viable option.

Affordable Communities for Prospective Buyers

Several affordable communities stand out for those looking to buy property. Jumeirah Village Circle, Arjan, Al Furjan, and Damac Hills offer a good lifestyle at reasonable prices. JVC, in particular, balances lifestyle and affordability, while older communities like The Springs and more budget-friendly towers in Dubai Marina, such as Marina Diamond, provide attractive buying opportunities.

Effect of Rental Increases on Tenants

At Exclusive Links, we've seen many tenants relocating from central locations to more affordable alternatives due to rental increases. Rather than opting for smaller properties, they are moving to cheaper areas. Improved transport infrastructure has made the outskirts more appealing. Our offices in Dubai Marina and Dubailand ensure we cover a range of properties across both central and outlying communities.

Interest in Mid-Price Communities

Mid-market communities like Jumeirah Village Circle, Arjan, Al Furjan, and Damac Hills are popular due to their affordable rents and superior lifestyle offerings, despite being less central. Even in prime locations like Dubai Marina, tenants are opting for older, cheaper buildings to stay within budget.

Buying as a Response to Rental Hikes

Landlords increasing rental income significantly upon renewal are pushing more residents to buy. High-income earners can afford deposits, but budget-conscious tenants face a cost-of-living decision. At Exclusive Links, we often recommend buying over renting when it seems more beneficial in the long term. Off-plan properties in developing areas can be an attractive option for budget buyers, with potential for future value appreciation.

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[dandbdubai-blog]

Invest in off Plan Properties

Lease-to-personal schemes are emerging as a viable different for aspiring property house owners who won't in any other case have the down payment wanted to buy a home in Dubai. The lease paid on a home underneath such a scheme shall be transformed as fairness in the direction of shopping for the home.

It's a win-win for both events concerned since developers get to sell their present prepared-to-transfer-in stock while finish-customers can afford to purchase where they couldn't before resulting from lack of down payment funds.

"As we speak, around 70 per cent of expats rent, many as a consequence of lack of a down cost to buy a property or uncertainty on how lengthy they plan on staying in Dubai. To purchase a mortgaged property that's lower than Dh5 million, as an illustration, one would want to have 25 per cent of the property worth plus approximately eight per cent in charges," says Lynnette Abad, director of data and research at Propertyfinder Group.

Nonetheless, the scheme has not gone mainstream as yet in Dubai real estate.

"A developer's monetary circumstance and danger urge for food will play a key part of their determination on whether or not they provide a lease-to-own scheme. A lease-to-personal scheme may be profitable as it probably brings a pool of more patrons as it's also possible to market to tenants who hope to purchase in the future. In addition, you can charge the next worth as you're offering renters a possibility that they'd not normally have and subsequently they would be prepared to pay for it. Nevertheless, some builders might not see it as lucrative due to it being 'gradual money' as you get partial funds as an alternative of a lump sum and there are larger risks of defaults because the renter won't pay through the period and therefore the developer must begin all over again and find a new purchaser," says Abdul Kadir Faizal, co-founder, Sensible Crowd, a digital crowdfunding platform for real estate.

Also, developers typically choose to sell off-plan property and prepared properties are inclined to make up less of a developer portfolio, although that's changing.

"It's much cleaner to just sell the unit quite than having ongoing involvement. If there are points with the property, for instance, while it is underneath rental, then they presumably nonetheless must resolve them. What if the buyer loses their job and might no longer afford to buy down the road, what happens then? Is there an easy method to dissolve the contract or would there be a doubtlessly prolonged D&B Properties Dubai authorized course of? What if the market drops in this time?," observes Lewis Allsopp, CEO, Allsopp & Allsopp.

The developer that launches a hire-to-own scheme has to get regulatory approval and will not receive the full fee from any sale of a property till after a determined period of time, explains Mario Volpi, gross sales and leasing manager, Engel & Volkers.

Rent-to-own offers are being seen in locations where there are many small developers resembling Al Furjan, Jumeirah Village Circle, Sports activities City and Dubai Investment Park as there is much more competitors in these locations and every developer has to tell apart itself from competitors. It's proof that builders are willing to get creative to occupy their units.

"Now, we've seen distinguished developers akin to Nakheel and Emaar using RTO-like schemes to potentially convey an even bigger pool of UAE residents into the property market," reckons Faizal.

Most often, the hire is a little bit greater than the identical property not on a rent-to-personal scheme. Nevertheless, the higher hire is justified as this quantity is put in direction of the down payment and buy of the property. Moreover, the developer is actually offering the tenant an extended payment plan and the next premium would justify this rather than promoting it directly to a cash/finance buyer.

"The lease would be increased for such a scheme since we now have to consider the danger that a vendor is uncovered to in case of a default from the tenant. On the identical time, the tenant will have the ability to avoid utilizing a bank within the transaction, which can save him the interest rate," Cornelia Pintilie, undertaking director for Business Bay and Downtown at Fam Properties, points out.

"The primary reason for this is to raise sufficient of the required deposit quantity to ensure that the client to then get finance. Additionally it is a cushion for the developer that if the client doesn't take up the choice to purchase, there is a small compensation for the developer," provides Volpi.

In lease-to-own schemes, the timeframe for renting a property before proudly owning it sometimes ranges from two to 10 years.

Those opting for RTO schemes must watch out for all the terms and situations within the contract. "Who is accountable for the property in the time it is leased? Are there any exit clauses if there's a job loss? Can the property be offered if needed while the hire-to-buy scheme is in place? What if one thing happens with the banks, which stops you from being able to get a mortgage?" cites Allsopp.

Buyers have to make sure that they maintain the selection of going forward or not on the finish of the rental term with no penalty in the event that they resolve not to purchase, warns Volpi.

"There are numerous factors patrons have to consider such as the title deed ownership in the course of the hire-to-own contract, mortgage balance from sellers' facet, service fees of the property and how variable these are," provides Cornelia.

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New Post has been published on Weblistposting

New Post has been published on https://weblistposting.com/long-summer-time-for-dubai-property-earlier-than-any-pickup/

Long summer time for Dubai property earlier than any pickup

Absent a main fin­ancial catastrophe like a Wall Avenue crash, expect Dubai assets to backside out over the summer season and start a careful restoration later in the autumn. And this no matter a slight rise in local loan fees, courtesy folks Federal Reserve Financial institution’s charge hike.

This week, developers assembled for the 13th version of the Worldwide belongings Show on the Dubai World Alternate Centre exhibition halls, hoping this will be a fortunate wide variety. Only two Dubai developers took element, Azizi and Dubai Homes. Their stands were busy however this became a hard sales pitch to a few disinterested clients. Their success was out.

Azizi’s apartments in Al Furjan next to the new metro line regarded absolutely priced.

Communicate of “charge appreciation” become tough to swallow after a document from belongings representative Cluttons this week reported Dubai costs are down 7.eight consistent with cent year-on-yr, although this slowed in Q1. So why be assured about the future now?

Commercial enterprise cycles do have a habit of repeating themselves. I commenced writing approximately property as the recession of the early ‘80s changed into coming to a cease. Then I correctly anticipated that belongings charges could preserve to upward push even after Black Monday in 1987, while cash left shares and went into belongings.

I used to be additionally not a long way off predicting Britain’s assets crash of the early Nineties inside the venerable Constructing Marketplace document. It became not tough. My father turned into a small property developer and I noticed the cyclical nature of the Commercial enterprise at an early age while he nearly went bankrupt in 1974 to 1975. In mature markets, the cycle is about three years from top to backside, give or take six months, and a possible sideways drift at either the top or backside or each. Dubai turned into genuinely an immature Market within the 2000s. It commenced without a criminal machine in region and the growth ended in late 2008 with a bust in out of control off-plan income and the global monetary crisis, an unlucky double whammy. It is nothing like that today. The Market started to recover from the summer season of 2011 whilst the Dubai International debt rescheduling changed into signed off, and showed symptoms of starting to overheat in past due 2013. but instead of letting the Marketplace turn into a bubble like 2007 to 2008, the government accurately doubled transaction fees and upped loan standards. By the summer of 2014, residence costs have been falling. 3 years later and they’re still edging down, although the biggest impact changed into within the first 365 days or so, as normally occurs in property Market cycles. For the reason that local Enterprise stays in a downsizing section after preceding low oil prices and a strong dollar, this summer is not probable to mark a pickup phase for the nearby real property.

Greater in all likelihood it will mark a backside in charges because the cyclical version would expect. The cause for being quite sure that a restoration will comply with this autumn, absent other shocks to the global financial machine, is that the catalysts to make it appear are already in place: namely a doubling of oil charges over the last yr, and a weaker US dollar for the reason that inauguration of Donald Trump as the president.

Oil expenses are north of us$50 a barrel now and better prices are probably on the horizon. The charge of oil also moves in cycles, and the up cycle may be very sincerely mounted. Supply shortages created By using the big cuts to exploration and development spending usher in higher costs to return. What effect does this have on Dubai, a very small oil producer? Properly, it’s the commercial capital of the world’s biggest oil vicinity. The effect on Abu Dhabi is even Greater obvious. When I wrote this column an antique friend, who’s head of an oil exploration agency, become flying from Singapore, moving to paintings within the UAE for a second time to put together for his firm’s enlargement as the cycle dictates. Then there are my young buddies doing very well in a ­neighborhood IT Business.

They have been waiting for the bottom of the Dubai assets Market to buy their first domestic. The last time I met them they were on the point of buy later this yr. However, it could be a long, hot summer season for Dubai developers and estate dealers with Extra human beings leaving the metropolis than arriving this 12 months. The night is continually darkest simply earlier than the sunrise.

Saving the Dubai assets Market – The rise of RERA

The small Emirate of Dubai, part of the federation of seven States called the United Arab Emirates, has visible an unheard of growth over the past 10 years in its assets Marketplace. What sparked this surge have been new laws permitting expatriates to personal property in certain regions and trends. What nearly killed it was a lack of regulation within the Market.

In any booming financial system, in particular one as particularly immature as Dubai, there will continually be cracks and gaps in laws and government ministries. The gaps within the belongings laws although have been main: previous to RERA’s introduction there has been no fashionable income agreement, no training required to be a property dealer and no authority overseeing the assets industry. Thinking about how essential the property enterprise has been, and is still, to Dubai’s boom, law in this area turned into paramount.

To recognize why self-assurance became deteriorating, and why RERA’s effect is persevering with to be so large, It is crucial to apprehend the manner of buying a assets in Dubai.

To promote or purchase a house an agreement, referred to as either a sales settlement or MoU (Memorandum of Know-how) would be signed By the buyer and supplier. In maximum instances the MoU would be drawn up By using one of the brokers and can be anything from 2 paragraphs to a 20-web page document. there has been no popular shape and no preferred clauses and no legal requirement for a legal professional to help out or oversee the manner. The brokers had no government-mandated schooling and no documentation to reveal they had been accredited brokers (in fact there has been no device to certify a dealer). An character could be a part of a agency on Sunday and be promoting on Monday without a knowledge of the Marketplace or how a actual estate transaction works. This is scary stuff Thinking about that for most of the people their house is their unmarried biggest investment.

A deposit might be paid By the customer to the seller, typically 5%-10% of the price of the property, as a dedication Via the consumer to purchase the property. the seller made no reciprocal dedication aside from a clause in most MoU’s that said they could pay back the deposit, plus a further penalty, should they pull out of the deal. In maximum instances the customer could lose his deposit, or a good sized portion of it, if he pulled out of the deal.

As soon as the MoU was signed there might generally be a four-8 week wait whilst financial files and other paraphernalia have been organized. After that both parties might cross all the way down to the builders’ workplace to affect the switch. The buyer would pay a switch charge to the developer, generally 2%,, and in maximum instances a 2% agent’s rate to the agent, and the assets could be transferred.

It doesn’t take Lengthy to look the troubles on this association – how does a purchaser get his deposit lower back if the seller pulls out? What if an agent would not know what they’re doing, or they “pull a quick one” on an unsuspecting customer or vendor? Who do you bitch to, or ask to investigate, if something is going incorrect?

The solution to these kinds of questions was the creation of the actual estate Regulatory Corporation, in any other case called RERA.

[jmmgroup-blog]

Long summer for Dubai property before any pickup

Absent a major fin­ancial catastrophe like a Wall Street crash, expect Dubai property to bottom out over the summer and begin a cautious recovery later in the autumn. And this despite a slight rise in local mortgage rates, courtesy of US Federal Reserve Bank’s rate hike.

This week, developers assembled for the 13th edition of the International Property Show at the Dubai World Trade Centre exhibition halls, hoping this would be a lucky number.

Only two Dubai developers took part, Azizi and Dubai Properties. Their stands were busy but this was a hard sales pitch to a few disinterested clients. Their luck was out.

Azizi’s apartments in Al Furjan next to the new metro line looked fully priced.

Talk of “price appreciation” was hard to swallow after a report from property consultant Cluttons this week reported Dubai prices are down 7.8 per cent year-on-year, though this slowed in Q1.

So why be confident about the future now?

Business cycles do have a habit of repeating themselves. I started writing about property as the recession of the early ’80s was coming to an end. Then I correctly predicted that property prices would continue to rise even after Black Monday in 1987, when money left shares and went into property.

I was also not far off predicting Britain’s property crash of the early 1990s in the venerable Building Market Report. It was not difficult. My father was a small property developer and I spotted the cyclical nature of the business at an early age when he nearly went bankrupt in 1974 to 1975. In mature markets the cycle is about three years from top to bottom, give or take six months, and a possible sideways drift at either the top or bottom or both.

Dubai was clearly an immature market in the 2000s. It started without a legal system in place and the boom ended in late 2008 with a bust in uncontrolled off-plan sales and the global financial crisis, an unfortunate double whammy. It is nothing like that today. The market started to recover from the summer of 2011 when the Dubai World debt rescheduling was signed off, and showed indications of beginning to overheat in late 2013. But instead of letting the market turn into a bubble like 2007 to 2008, the government wisely doubled transaction fees and upped mortgage criteria. By the summer of 2014, house prices were falling.

Three years later and they are still edging down, although the biggest effect was in the first 12 months or so, as usually happens in property market cycles. Given that local business remains in a downsizing phase after previous low oil prices and a strong dollar, this summer is not likely to mark a pickup phase for local real estate.

More probably it will mark a bottom in prices, as the cyclical model would predict.

The reason for being somewhat sure that a recovery will follow this autumn, absent other shocks to the global financial system, is that the catalysts to make it happen are already in place: namely a doubling of oil prices over the past year, and a weaker US dollar since the innaugration of Donald Trump as the president.

Oil prices are north of US$50 a barrel now and higher prices are likely on the horizon. The price of oil also moves in cycles, and the upcycle is very clearly established. Supply shortages created by the huge cuts to exploration and development spending herald higher prices to come. What effect does this have on Dubai, a very small oil producer? Well, it’s the commercial capital of the world’s biggest oil region. The impact on Abu Dhabi is even more obvious.

When I wrote this column an old friend, who is head of an oil exploration company, was flying from Singapore, relocating to work in the UAE for a second time to prepare for his firm’s expansion as the cycle dictates. Then there are my young friends doing very well in a ­local IT business.

They have been waiting for the bottom of the Dubai property market to buy their first home. The last time I met them they were getting ready to buy later this year.

On the other hand, it may be a long, hot summer for Dubai developers and estate agents with more people leaving the city than arriving this year. The night is always darkest just before the dawn.

Peter Cooper has been a financial journalist in the Gulf for two decades

business@thenational.ae

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Source: The National

Long summer for Dubai property before any pickup was originally published on JMM Group of Companies