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teslaproperties · 10 hours
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Luxury Apartment for Rent in PEARLS by Danube - Ideal Property Investment in Dubai
Discover an exquisite 1-bedroom, 2-bathroom luxury apartment for rent in PEARLS by Danube, Al Furjan, Dubai. Presented by Tesla Properties, this contemporary residence spans 682 sq. ft. and offers modern design, high-end finishes, and premium amenities. Whether for personal use or property investment in Dubai, this stylish apartment is the perfect choice for a vibrant, comfortable lifestyle in a prime location.
Distance key between facilities
Hospital - 5 minutes Super Market - 5 minutes School - 5 minutes Airport - 45 minutes Mall - 15 minutes
Starting Price- AED 78,000 / year
TESLA PROPERTIES
Tesla Properties | Buy or Rent | Homes, Villas, Apartments & Off Plan | Dubai Real Estate Investment Company »
https://teslaproperties.ae/ »
+971545536772
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urgentrepair · 9 days
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AC repair service in Greens Dubai
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Living in Dubai’s vibrant network of Greens comes with its perks, AC repair service in Greens Dubai, however maintaining a snug indoor environment year-spherical calls for reliable air conditioning. When your AC unit falters, locating a prompt and expert AC repair service becomes important to repair comfort quick. Firstly, selecting a reputable service provider guarantees that your AC receives quality care and expert attention.
Why Choose Professional AC Repair Services?
Ensuring your air conditioning unit is in the most beneficial condition is crucial for both comfort and energy efficiency. Consequently, professional AC repair services in Greens Dubai offer expertise and reliability. Furthermore, they ensure that your AC unit functions correctly throughout the year.Whether it’s a minor repair or a first-rate overhaul, professional technicians can diagnose issues appropriately and provide powerful answers.
Signs Your AC Needs Repair – AC repair service in Greens Dubai
Recognizing the signs of AC trouble early can save you high priced repairs or replacements down the road. Look out for signs which include:
1.            Poor Cooling Performance: If your AC isn’t cooling as efficiently as earlier than, there can be problems with the compressor or refrigerant tiers.
2.            Unusual Noises or Smells: Strange appears like grinding or banging, or unsightly odors, may also signal mechanical troubles or mould increase.
3.            Frequent Cycling: Short biking (frequent on-off cycles) can suggest issues with the thermostat or a malfunctioning factor.
4.            Leakage or Moisture: Moisture or leaks round your AC unit may want to suggest a refrigerant leak or a blocked drain tube.
Benefits of Timely AC Repairs-AC repair service in Greens Dubai
Improved efficiency is one key benefit of a properly maintained AC unit, as it operates more effectively, thereby reducing energy costs.
Additionally, regular maintenance and timely repairs can extend the lifespan of your air conditioning unit.
Furthermore, a properly functioning AC ensures consistent indoor temperatures, which is crucial in Dubai’s climate.
Choosing the Right AC Repair Service
When deciding on an AC restore provider in Greens Dubai, don’t forget the subsequent elements:
Expertise and Experience: Look for technicians with enjoy coping with various AC fashions and troubles.
Reliability and Response Time: A provider company known for set off responses and reliability guarantees your comfort is restored quickly.
Customer Reviews and Testimonials: Positive feedback from preceding clients shows first-rate provider and purchaser pleasure.
Contact Us Today – AC repair service in Greens Dubai
For professional AC restore service in Greens Dubai, touch us at  9710559293316. Our team of professional technicians at Dubai, UAE, is prepared to diagnose and remedy your AC troubles right away, making sure your consolation is our priority.
Conclusion: AC repair service in Greens Dubai
Maintaining a comfortable indoor environment in Greens Dubai hinges on the reliability of your air conditioning unit. Therefore, with expert AC repair services readily available, addressing any issues promptly ensures your AC operates efficiently year-round. By choosing a trusted service provider, you can experience uninterrupted comfort and peace of mind, regardless of the season.
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Fast ac repair service in Al furjan, Quick ac repair service in Dubai Marina, ac repair in Al furjan,
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Properties for sale in Al Furjan - Area Guide – Rama Real Estate Newest Office Location
Al Furjan is really a mixed apartment and rental property community moved in a suburban multicultural atmosphere from the busy hustle of contemporary-day existence, but nonetheless retaining the charm to be linked to Dubai's hottest areas.
It's the only rental property community in Dubai with a unique Metro links and it is within close closeness to any or all of Dubai's major road systems. The city is associated with Sheikh Zayed Road in one side and Sheikh Mohammad Bin Zayed Road in the other. Al Furjan is really a vibrant neighborhood and popular residential community built by probably the most reliable developers Nakheel. Properties for sale in Al Furjan The Actual developer ensured the community suits all of the lifestyle requirements of its residents like a 40km cycle track, Hotels, F&B Stores, Schools, Ibn Batuta Mall, two community centers (Al Furjan Pavilion West and Al Furjan Pavilion East), pools, community gym, sports courts etc.
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Furjan embraces a distinctive choice of independent qualities which have been made to satisfy every practical need, offering homes which are both functional spacious, and stylish.
Furjan offers a mixture of apartments, hotels, townhouses & villas. Residents have a diverse range of options to select from, varying from qualities in the master developer Nakheel in addition to private developers. Properties for sale in Al Furjan Developers like Danube, Azizi and many more are proud to trouble this type of brilliant community.
The median transaction price for apartments, al furjan townhouses for sale and villas for sale in Al Furjan are as below:
Pricing
Rental Prices
Studio apartment: AED 35,000
1 bedroom apartment: AED 50,000
2 bedroom apartment: AED 70,000
3 bedroom apartment: AED 95,000
3 bedroom townhouse: AED 125,000
3 bedroom villa: AED 170,000
4 bedroom townhouse: AED 140,000
4 bedroom villa: AED 230,000
5 bedroom villa: AED 250,000
6 bedroom villa: AED 275,000
Selling Prices
Studio apartment: AED 425,000
1 bedroom apartment: AED 700,000
2 bedroom apartment: AED 1,000,000
3 bedroom apartment: AED 1,550,000
3 bedroom townhouse: AED 2,450,000
3 bedroom villa: AED 3,400,000
4 bedroom villa: AED 4,100,000
5 bedroom villa: AED 4,300,000
6 bedroom villa: AED 4,900,000
Return on Investment
Investing in Al Furjan properties offers a high return on investment, attracting eager buyers from all over the world.
Apartment Type:
Studio - 7%
1 Bed - 6.7%
2 Bed - 6.5%
3 Bed - 6.3%
Villa Type:
3 Bed - 6%
4 Bed - 5.8%
5 Bed - 5%
6 Bed - 4.7%
Rama Real Estate Properties - New Location at Al Furjan Pavillion
Rama Real Estate is happy to announce the outlet in our new location at Al Furjan Pavilions! There exists a properly trained group of 25 experts which have the understanding and skills that will help you find your Al Furjan ideal home.
If you're searching to market or Rent in the region, we have your back. We are certain that your listing is going to be promoted onto all the top pages of the largest portals, to guarantee maximum exposure and the perfect prices.
Please don’t hesitate to reach out to us TODAY.
We're a tech-driven property agency and assist value-seeking investors, landlords, and tenants to attain superior results, by providing guidance according to both integrity and solid market fundamentals. As part of the Rama Real Estate Group with annual revenues more than AED 1.8 Billion, Rama Real Estate Property is among UAE’s leading property companies.
Achieve to our property consultants for additional info on everything Al Furjan provides.
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coldwellbankerswap · 2 years
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Just Listed!✨ Murooj Al Furjan West Phase 2 by Nakheel is a new residential development that features exclusive design townhouses laced with premium amenities as well as offers attractive payment plan options for buyers and investors. Residents living at this centric destination further have access to the major road networks including the Sheikh Zayed Road. 
Features : Brand New Villa 5 Bedrooms plus Maid room BUA : 5242 SQFT Plot Size: 6458 SQFT Price : 5,500,000 Million AED (Negotiable)
Ground Level : Spacious Living Area Modern Kitchen with Dining Area Guest Room with Ensuite Maid Room Laundry Guest Washroom
First Level : Living Area Master Bedroom with Bathtub and Shower 3 Bedrooms with Ensuite 2 Huge Balconies facing Marina Skyline and Furjan Community
Outside Area : 2 Covered Parking ( Outside More Parking) Private Landscape Garden Main Entrance Waterfalls . . . 📞 Call us at 800 CBSWAP / 058 900 9747 to know more details! 📱 WhatsApp : https://wa.me/971589009747 🔗 Link in bio . . . #coldwellbankerswap#coldwellbankeruae#coldwellbanker#alfurjan#furjan#villaforsale#murooj#justlisted#newlistings#home#dubaiinvestor#property#Propertyinvestment#dreamhome#luxuryrealestate#realstateinvesting#dubairealty#dubairealestateinvestor#entrepreneur#uae#dubailiving#dubai2022
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gulf-realtor · 3 years
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Al Furjan is one of Nakheel's most prominent and fastest-growing neighbourhoods, offering four-bedroom villas and three-bedroom townhouses near the Ibn Battuta Mall and the Expo 2020 venue. Al Furjan was created to inspire people to enjoy their daily lives. The city has two shopping centres, Al Furjan Pavilion and Al Furjan West Pavilion, each with a clubhouse and various stores, cafes, and restaurants. Al Furjan villas and townhouses place a strong emphasis on colours and textures, creating a luxurious atmosphere by emphasising the rich architecture. The Al Furjan homes are distinguished by their green tiles and white panels on the roofs.This community's homes have all been thoughtfully built with modern conveniences in mind. The interior sections of the houses will be decorated with selected modern pieces, and residents will be able to decorate their homes as they see fit. Since it is linked to major road networks and near to a Dubai metro station, Al Furjan by Nakheel is an ideal location for public transportation. The location is convenient to Dubai's business districts as well as the city's main tourist attractions. The neighbourhood offers vital everyday amenities and is conveniently located near hospitals, schools, and other services.
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aljadwal · 4 years
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فلل تاون هاوس ديلوكس للبيع في الفرجان -دبي فلل تاون هاوس 3 & 4 غرف ديلوكس للبيع في الفرجان -دبي بدون عموله , الفرجان مجتمع رائع في دبي ، يخدم الاختيار بين الأشخاص الذين يبحثون عن مجمع فلل ,يقع بين شارع الشيخ زايد وشارع الشيخ محمد بن زايد. مطور الفرجان الرئيسي شركه نخيل وهي وجهة سكنية جميلة ، مجموعة متنوعة من فلل تاون هاوس 3 و 4 غرف نوم ، شرفات مطابخ مغلقه، حدائق صغيرة خاصة ، غرفة خادمة ، مواقف للسيارات ، مساحات الفلل تتفاوت من 1950 إلى 4500 قدم مربع السعر الفلل يبدأ من 2-3،5 مليون درهم Residential town house villas for sale in Al Furjan - Al Furjan a marvels community in Dubai, served the choice among people looking for a villa community, located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road. Al Furjan master developer Nakheel and is a beautiful residential destination, Varity of town house villas 3& 4 bed rooms , close kitchens balconies, private small gardens , maid room , and parking bays, areas varies from 1950-4500 SFT price starts 2-3,5 M WITH OUT COMMISSION https://taplink.cc/usertest1841976 https://aljadwal-ae.com/property/ Aljadwal real estate 0524297621 0589073957 https://taplink.cc/usertest1841976 https://aljadwal-ae.com/property/ Aljadwal real estate 0524297621 0589073957 https://www.instagram.com/p/CIlE0vlpa6R/?igshid=13n5riyjb922
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evedaniel20 · 4 years
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If you want the best villa for rent in Dubai at affordable prices, you need a trusted real estate company to help you secure the deal. Binayah Real Estate will play the significant role to be your mediator and ensure you your villa in this lavish city.Some of the popular areas where you can rent a villa in Dubai include, Palm Jumeirah, Jumeirah Park, Arabian Ranches, Jumeirah Village Triangle, Damac Hills, Silicon Oasis, Mudon, Al Furjan, Dubai Marina, The Springs and Dubailand. 
Mobile : +971 55 5099157 Email : [email protected] Website: https://www.binayah.com/
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CCTV DUBAI delivers highest quality IP CCTV cameras within the UAE and the center East. we protect all kinds assets like offices, warehouses, home, villas and communities with our latest security surveillance solution. Our fixed and mobile CCTV solution working over LAN/WAN and 4G delivers high resolution forensic quality video. Tektron has various IP/ CCTV Camera Brands like Hikvision and lots of other reputed manufacturers to you.
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CCTV Camera Installation Dubai Tektron Solutions is that the leading CCTV camera installation companies in Dubai providing cutting-edge security systems for your home, office, or other important premises. we offer our services in Dubai, Abu Dhabi, and other areas across UAE 
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manzili123-blog · 5 years
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Nakheel Properties is one of the best property developer in Dubai. VIllas for sale at the best price in Manzili.
Manzili, an initiative by Dubai Land Department , is an online real estate platform ,which can simplify the job of all the real estate buyers interested in the products of Nakheel Properties. With its vastly experienced staff, Manzili can easily provide all the necessary information to the interested customers .
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Some of the familiar projects of Nakheel Properties include Jumeirah Park,Palm Jumeirah, Deira Islands, The World Islands, Jumeirah Islands, Jumeirah Village, The Gardens, International City, Discovery Gardens, Jebel Ali Gardens ,etc. Nakheel currently has more than 21,000 residential units in the pipeline or under construction .They offer homes for more than 270,000 people.Manzili features the following Nakheel Properties Projects like Nad Al Sheba Vilas, Al Furjan , Palm360 ,Azure Residences and many more .
For more : https://www.manzili.ae/nakheel-properties
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simmyseo · 5 years
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AUTOMATIC PARKING BARRIER WORKS
The automatic parking barriers add high utility, security, and style to the gates at residential and commercial properties. The barriers are also popularly used for parking controls. Our office in Sharjah offers a complete solution for repairing of out of order parking barriers. If your arm gate barriers are not operating smoothly, we provide quick repair services to fix the issue. Call us and be sure about smooth and hassle-free working of your high-speed parking barrier gates. We are glad to let you know of our proud maintenance services for all types of automatic gate and gate motors. With our seamless services, we have made a niche in providing automatic parking barrier work in Emirates Hills. We also extend our repair services to other major cities of UAE.
Contact us to get high-quality and long-lasting gate repair services. A high valued automatic gates and barriers also require regular inspection, monitoring, and maintenance. We have a staff of trained technicians and we also offer replacements for the components for speedy repair. Any technical issue or general issue arising out of daily wear and tear of the arm gate barriers will be solved in scheduled period. Our personnel will quickly detect the issue that is hindering the smooth working of your parking barriers. That is the reason why we are growing at a rapid pace in UAE and becoming a popular maintenance service.
Why Maintenance-UAE
Accidents and failures are part of life and they do happen without any notice. At such critical times, our quick services help you to make your life easier. Whether or not you hold a maintenance contract with us, our person will be attending your call in minimum possible time. With years of experience and technical expertise, we will fix any complex issues in your parking arm gates. Maintenance-UAE also specialises in providing replacements of parking gate components. A full line of parts in our stores will make your arm barrier repairing very quickly. You will also get best consultancy and guidance while replacing the entire gate or components. Our efficient service team offers quick and affordable sales and service for all types of automatic gate arms.
The parking barriers are designed to control the different type of access. We repair all types of arm gates including barrier gates for car parks, toll plazas, shopping centres, hospitals, hotels, airports, stations and at other public places. Our maintenance services will make sure that your high-quality barriers give you a smooth functioning throughout with following features:
Rapid opening Smooth pole operation Battery backup Wireless operation Ensures great working even during high traffic flow Safe sensors for detecting vehicle transit
We will detect and fix any issue with your gate barriers operated with remotes, RFID readers, push buttons, and loop detectors.
If you are looking for the most advanced as well cost-friendly solution for the automatic parking barrier repairs in Al Furjan Villas and other regions of UAE, do call us. We are providing our services in all the prominent cities like Dubai, Sharjah, Al Safouh and many others. Regardless of the complexity of the issue, we provide best pricing to our customers for the repair work.
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teslaproperties · 2 days
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1-Bedroom Apartment in PEARLS by Danube:Latest Residential Project in Dubai
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Discover this modern 1-bedroom apartment for sale in PEARLS by Danube, part of the latest residential projects in Dubai located in Al Furjan. Spanning 682 sq. ft., the apartment features 2 bathrooms, built-in wardrobes, and a private balcony. Residents can enjoy luxury amenities such as a swimming pool, gym, and pet-friendly facilities, making this a perfect opportunity to own a stylish home in one of Dubai's most vibrant neighborhoods.
Distance key between facilities
Hospital - 5 minutes Super Market - 5 minutes School - 5 minutes Airport - 45 minutes Mall - 15 minutes
Starting Price- AED 1,150,000
TESLA PROPERTIES
Tesla Properties | Buy or Rent | Homes, Villas, Apartments & Off Plan | Dubai Real Estate Investment Company »
https://teslaproperties.ae/ »
+971545536772
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urgentrepair · 9 days
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AC repair near me
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AC repair near me Living in Dubai, where temperatures soar for most of the year, a malfunctioning air conditioning unit can quickly become a major inconvenience.Therefore, finding a reliable AC repair service nearby is crucial to restoring comfort and maintaining the efficiency of your cooling system.For any AC repair needs, simply reach out to the supplied contact number for swift and dependable service.
Importance of Timely AC Repair-AC repair near me
In a climate as warm as Dubai’s, a malfunctioning AC unit is not just an inconvenience however also can lead to discomfort and even fitness dangers. Prompt repair ensures that your home remains cool and comfortable, regardless of the outdoor temperature.
Factors to Consider When Choosing an AC Repair Service
When attempting to find an AC restore service near you, numerous elements should manual your selection:
1.         For any AC repair needs, simply reach out to the supplied contact number for swift and dependable service. To get in touch with our committed team in Dubai, UAE, call 971559293316.
2.           Firstly, seek technicians with significant expertise and experience in repairing a variety of AC units.
3.   Fortunately, if you’re searching for “AC repair near me,” you can rely on our brief and efficient AC repair service.
4.            Response Time: Opt for a provider that offers brief response instances, particularly at some point of emergencies.
5.            Transparent Pricing: Choose a service that gives in advance pricing and avoids hidden costs.
Advantages of Choosing Local AC Repair Services
Opting for a nearby AC restore provider gives numerous benefits:
Convenience: Close proximity ensures quicker response times and expedited resolution of issues, offering enhanced convenience.
Additionally, local knowledge is crucial as technicians familiar with the region are better equipped to handle unique challenges common to Dubai’s weather conditions.
Furthermore, supporting local businesses contributes to the growth and development of your community, fostering a sense of community support and sustainability.
Contact Information and Location
Contact Number:  971559293316
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Conclusion: AC repair near me
Ensuring your AC unit is in surest circumstance is essential for consolation and properly-being, specifically in Dubai’s excessive weather.Living in Dubai, where temperatures soar for most of the year, a malfunctioning air conditioning unit can quickly become a major inconvenience. Remember to prioritize revel in, consumer remarks, and neighborhood knowledge when making your choice. Fortunately, if you’re searching for “AC repair near me,” you can rely on our brief and efficient AC repair service.
TAGS
AC repair service in Greens Dubai, Ac maintenance service in The villa, Ac duct cleaning service in Arabian Ranches Dubai, AC service in Springs,AC fixing experts in Meadows, AC technicians in Dubai Hills, AC repair near me,
AC specialist in Jumeirah park, Air conditioning repair shop in JVT, Air conditioner specialist in JLT, Air conditioning company in Jumeirah village circle, Cheap ac repair service in Victory heights,
Fast ac repair service in Al furjan, Quick ac repair service in Dubai Marina, ac repair in Al furjan,
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universalprime-blog · 5 years
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Will Dubai real estate market crash?
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Dubai real estate market witnessed major developments which include new laws, initiatives and projects announced. While prices on properties are still declining, governmental innovations in terms of visas, investments and business opportunities gave more freedom for investors to consider Dubai real estate market as an investment opportunity.
Over 19,700 units have been delivered year to date. Prominent deliveries include Bluewaters Residences, Damac Heights in Dubai Marina and multiple projects in Nshama Townsquare and Akoya (Damac Hills).  
Dubai real estate secondary market
2018 was a good year for Dubai's secondary real state market. While residential off-plan sales have been low (-32% compared to 2017), there has been a rise in transactional activity in the ready space.
Market correction occurred as property prices have adjusted to the increased supply. This benefits consumers who may have previously aspired to own a property but was priced out, and we're happy to see long-time UAE residents begin to invest and buy properties as an alternative to renting.
Governmental support
Dubai government aims to attract more investors to growing Dubai real estate market by implementing different strategies which will benefit investors in the long run. Among the main governmental initiatives are:
5-, 10- year visas;
100% foreign ownership;
Long-term residency.
Due to the numerous projects launch, some developers delay handover. Dubai government secured investors by implementing new regulation. According to DLD, developers who delayed handover for more than a year must pay investors an equivalent amount of 1-year rent.
A reform-oriented government continues to be the main driver of the Dubai real estate market growth. Local and international investors build more trust in this market and government in general.
Residential capital values
Overall residential capital values for existing freehold properties declined 11% annually and are 22% below their 2014 peaks. However, not all areas performed equally.  The highest annual declines of more than 15% came from Business Bay, International City and Jumeirah Islands, locations with less than 6% declines were villas in Palm Jumeirah, Emirates Hills, and Al Furjan.
The rental market has become a tenants' market
Landlords have moved from accepting only one cheque to accepting up to 12 cheques. Macro-induced crunch on the consumers' purchasing power had prompted a fight for affordability in both the rental as well as the sales markets. It directly boosts the retail, insurance and banking sector as more people continue to call Dubai their permanent home.
The shift towards domestic end-users rather than investors took place, as well. Developers offer innovative self-funded payment plans directly to their purchasers, outside of the traditional mortgage market.
What is the current situation of Dubai real estate market?
At the moment, the Dubai real estate market is experiencing a decline in prices. The drop in the market of around 25% blamed on the oversupply of high-end luxury developments and falling oil prices.
Despite the decline in property prices in Dubai, several new initiatives were announced to improve the market sentiment and provide tangible returns.
One of the new regulations will see banks provided with more flexibility in terms of lending to real estate investors, which in turn will boost the market.
Developers are also focusing more on affordable units for the middle class, aimed at persuading renters to become buyers. They aim to create a community rather than just a single building. Some developers are following the trend when it comes to creating spaces that people can live, work and entertain themselves within.
Market stabilization
According to Dubai real estate market experts, the market will start stabilizing in 2020 only. It is expected that more than 30 million people will visit Dubai for the Expo 2020. Among these 30 million, 70% will be from outside the UAE. The excessive supply will find its buyers and tenants. Implemented governmental changes only stabilize the Dubai real estate market and give an additional push towards its improvement.
Dubai real estate market is going through cycles, like any other market. Comparing to GCC real estate markets, Dubai is ahead of the curve which means that the worst situation passed. Today’s real estate market is on its way to stabilization.
Despite all rumors that Dubai real estate market will crash – it's improving constantly. Due to governmental immediate initiatives and support the situation didn’t get worse and handled properly. What can we expect in 2019? The prices will be still dropping, but not that rapidly. By 2021 Dubai real estate market will stabilize.
What are the future trends and what should we expect? If you want to get more details on the future of Dubai real estate market – contact one of our property advisors. They will be able to provide all the needed details regarding the market situation and investment opportunities.
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abujaihs-blog · 5 years
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Dubai Developers Offer Heavy Incentives to Attract Property Buyers
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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.
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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.
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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
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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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