Dubai Property

Overseas Property: the Time to Buy is Now

noreply@blogger.com (Property Investor) — Tue, 29 Jul 2008 18:12:00 +0000

With the credit-crunch and rising oil prices becoming a devastating tag-team on the global stock market and the performance of other investments, global real estate is becoming the most popular investment choice.

Billions of dollars are being put into the creation of more and more property investment funds around the world, and almost every country in the world is getting in on the action. The emergence of Africa onto the international property investment scene, and now even Iraq seeing its first luxury property development, is testament to the rising popularity and profitability of overseas property investment.

The time to buy is definitely now, no one can say for sure when the credit crunch will end, prices in the best emerging markets are rising well above inflation, and getting higher all the time, not to mention building regulations making off-plan purchases harder to come by in some of the older strong markets �?? off plan property providing the best value and biggest potential for profit.

Dubai Leads Global Property Investment Markets

noreply@blogger.com (Property Investor) — Tue, 29 Jul 2008 08:02:00 +0000

The volume of property sales in Dubai is poised to rise as more global investors, shifting their focus away from markets hit by credit crunch, seek to enter the Gulf markets, a leading global property investment.

Dubai, which registered the greatest improvement in real estate transparency globally over the past two years, is projected to record a 55.2 per cent surge in property deals to hit Dh717 billion in 2008 from Dh462 billion in 2007

With credit crisis hitting real estate markets in the US and Europe, many investors are eyeing Gulf markets, particularly Dubai

Dubai's position as the most transparent of the MENA markets placed it ahead of other emerging economies such as those of the BRIC Markets (Brazil, Russia, India and China).

Better than China, India and most of Russia, Dubai's transparency index score exceeds the other BRIC markets

Transparent markets as those that are open and easier to do business with the components of transparency encompassing transaction processes, the regulatory and legal environment, market fundamentals and performance measurements.

Ocean Heights Tower Reaches 10th Floor

noreply@blogger.com (Property Investor) — Tue, 29 Jul 2008 07:56:00 +0000

DAMAC Properties �?? the luxury lifestyle provider and region�??s leading private sector master developer has reached the 10th floor level for its Signature Series Ocean Heights residential towerOcean Heights is one of the many freehold towers being built in the Dubai Marina, which is located opposite to Le Meridien Mina El Seyahi. Ocean Heights will be a 310 meter (1,017 feet) 82-storey tower, with 680 apartments. The AED 1.5 billion (US$ 408 million) free hold residential tower will contain 1, 2, and 3 bedroom apartment units from 722 to 1,515 square feet and will feature 9 units of Signature Series Apartments from the 67th to the 75th floor and Duplex apartments from the 76th to the 81st floor.

In his comments, Peter Riddoch, CEO of DAMAC Properties, said: �??It is very important time for us, we recently handed over 572 units at Lake Terrace and will continue delivering to our customers. We are pleased to see the development of Ocean Heights, we have already reached the 10th floor and now we are able to see it while driving by. We�??re proud to bring Ocean Heights from the design concept to reality.�??

�??Aedas is the Lead architects for Ocean Heights. Aedas offers tailored, customized services and accommodates the needs of every development. Their international experience extends across a range of projects, private and public. Having AEDAS on board will ensure that we deliver highest level of architecture and creative design. DAMAC projects are designed with passion and vision aimed at becoming the Middle East�??s most prominent luxury focused private sector master developer�?? He added.

Amenities at Ocean Heights will include an outdoor leisure deck with a temperature-controlled swimming pool, gymnasium, sauna, steam room, game room and children's play area. Other amenities included are coffee and juice bars, restaurants, 24-hour security, concierge desk, and housekeeping services.

DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - for the top property developer received the �??Best High Rise Development�?? award for �??La Residence at the Lotus�?? and the �??Best Website�?? award for the company�??s revamped website �?? www.damacproperties.com. DAMAC�??s La Residence at the Lotus in Business Bay Dubai has won the Best International High Rise Development Award that was held at Las Vegas recently.

Work, Live, Shop and Play Under One Roof

noreply@blogger.com (Property Investor) — Tue, 15 Jul 2008 19:52:00 +0000

The Concourse. A multi-use, virtually self-sufficient living complex where you can work, live, shop and play, all within strolling distance of each other. Comprising two elegant towers rising out of a 4-level podium topped with an expansive Leisure Deck, the stunning architectural design of this complex is surpassed only by its extraordinary convenience. Facilities at the Concourse include;
25 floors of offices, 15 floors of residences
Common podium with 4 levels of parking
400 sq. mts. of Leisure Deck
Retail area and shopping mall
Easy access from main road on all 4 sides
Entire ground level dedicated to retail and shopping mall
Easy access for residents, office-goers and visitors
Supermarket for your daily needs
Open late for your convenience
Swimming pool with kiddie pool
Walking/jogging track
State-of-the-art gymnasium
Steam and Sauna
Restaurants

Burjside Terrace Serviced Apartments

noreply@blogger.com (Property Investor) — Thu, 29 May 2008 18:19:00 +0000

Dubai Serviced Apartments
Burjside Terrace blurs the line between service apartments and luxury hotels. Located in the �??platinum�?? square kilometer of Burj Dubai District , Burjside Terrace is the epitome of quality living, and the pinnacle of lucrative investment opportunities.
Facillities at Burjside include;
62 levels of luxury serviced apartments
5 levels of podium
Dedicated level for leisure and relaxation
State-of-the-art gym and health club
Swimming pool, Jacuzzi, mini basketball
Ample parking

Green Court Jumeirah Village Dubai

noreply@blogger.com (Property Investor) — Thu, 01 May 2008 18:29:00 +0000

Green Court in Jumeirah Village. A truly beautiful residential development offering stylized Mediterranean and Arabic themed architecture and comprising of studios, 1 and 2 bedroom apartments. A home that fills you with pride and makes every moment worth living! Green Court is a combination of ground plus 4 storey buildings. Enjoy the contrast of warm earth tones with the vivid green of the gardens both in your building as well as in the landscape surrounding you.
If you are an ardent health freak, you�??ll find all the latest facilities to keep you in the pink of health. A spa with steam and sauna, to gently pamper you along with an extensive range of fitness facilities that are revitalizing. Perhaps, a workout at the gymnasium or a few laps in the pool.
Swimming pool
State-of-the-art gymnasium
Health club for men and women
Sauna and steam room
Convenient elevator access from the parking to the apartments
2 elevators and 2 emergency staircases
Location facilities:
Walking, jogging & cycling trails
Oasis promenades
Neighbourhood parks
Community sports

Parkside Apartments Dubai

noreply@blogger.com (Property Investor) — Thu, 03 Apr 2008 18:33:00 +0000

A home away from the hustle and bustle of city life. Parkside is a modern architecture with two buildings connected by a common podium and highlighted by picturesque well-planned lush green spaces between the buildings. A cozy abode with calm and soothing surroundings, you�??ll enjoy living in a home where luxury and beauty reside in perfect harmony.
Facilities - common
Landscaped roof gardens
Premium health club with gym & changing rooms
Sauna
Temperature-controlled outdoor swimming pools
Children�??s playground
Wading pool (children�??s pool)
Exquisitely designed lobby
Multi-purpose hall
Concierge desk with 24-hour service
High-speed elevators
Security access control and closed-circuit TV
Ample parking space
Facilities - apartments
Fitted kitchens with fridge/freezer, washer/dryer, ceramic hob, oven and dishwasher
Balconies
Wardrobes in bedrooms
Fully tiled bathrooms, ensuites and guest toilets (wherever applicable)
Vanity units and mirrors
Centrally air-conditioned
Double glazed windows
Satellite TV and telephone connections
Ultra high-speed internet access with �??future technology-ready features�??
Ceramic floor tiling

Mortgages made easy in Dubai

noreply@blogger.com (Property Investor) — Sun, 29 Jul 2007 09:04:00 +0000

Making processes easier for buyers
The Mortgage Advisory division of DAMAC Properties Co. L.L.C recently organized a joint workshop with representatives of Abu Dhabi Commercial Bank(ADCB).
DAMAC Mortgage Advisory is engaged in facilitating mortgage processes for buyers of
DAMAC projects. Since the inception of DAMAC Mortgage Advisory in January 2007, ADCB has extended its full cooperation and support to the mortgage advisory team, who have
successfully procured mortgages for over 100 clients.Participants discussed various measures onimproving customer service and enhancing efficiency. Suggestions on speeding the mortgage facilitation process for the customers were at the forefront of the discussion. �?DAMAC has pioneered the concept of mortgage facilitation for its customers.DAMAC MortgageAdvisory is the first-of-itskind service started by any developer and we feel privileged to be apart of this endeavour.The initial screening
process carried out by the DAMAC Mortgage Advisors is quite helpful and leads to rapidresponse.The bank offers mortgages to all UAEresidents, and non-residents of selectnationalities. Zero percent closure penalty upto five years makes themortgage offer by ADCB quite attractive and unique.

Dubai

noreply@blogger.com (Property Investor) — Fri, 29 Jun 2007 09:07:00 +0000

Dubai is the fastest growing city in the world. It is estimated that 50% of the world's supply of cranes are at work in Dubai on projects worth $100bn including an estimated $800m on construction of the world�??s tallest building, the Burj Dubai, which will stand 800 metres tall when completed. Dubai is home to the world's only seven star hotel, the Burj Al Arab and an indoor ski centre. Other developments include an underwater hotel, a Chess City (buildings in the shape of chess pieces) and Dubailand, which will become the world�??s biggest theme park. It has been forced to diversify to compensate for far more limited hydrocarbon reserves. The economy is based on Dubai's reputation as an entre pot for the region, its vibrant tourist industry and thriving free trade zone.

GEOGRAPHY
Dubai is situated on the Persian Gulf coast of the United Arab Emirates and is roughly at sea level (16 m/52 ft above). The emirate of Dubai shares borders with Abu Dhabi in the south, Sharjah in the northeast, and the Sultanate of Oman in the southeast. Hatta, a minor exclave of the emirate, is surrounded on three sides by Oman and by the emirates of Ajman (in the west) and Ras Al Khaimah (in the north). The Persian Gulf borders the western coast of the emirate. Dubai is positioned at 25.2697° N 55.3095° E and covers an area of 4,114 km² (1,588 mi²).

Dubai lies in the Arabian Desert. However, the topography of Dubai is significantly different from that of the southern portion of the UAE in that much of Dubai's landscape is highlighted by sandy desert patterns, while gravel deserts dominate much of the southern region of the country. The sand consists mostly of crushed shell and coral and is fine, clean and white. East of the city, the salt-crusted coastal plans, known as sabkha, give way to a north-south running line of dunes. Farther east, the dunes grow larger and are tinged red with iron oxide.The flat sandy desert gives way to the Western Hajar Mountains, which run alongside Dubai's border with Oman at Hatta. The Western Hajar chain has an arid, jagged and shattered landscape, whose mountains rise to about 1,300 meters in some places. Dubai has no natural river bodies or oases; however, Dubai does have a natural inlet, Dubai Creek, which has been dredged to make it deep enough for large vessels to pass through. Dubai also has multiple gorges and waterholes which dot the base of the Western Al Hajar mountains. A vast sea of sand dunes cover much of southern Dubai, which eventually lead into the desert known as The Empty Quarter

Dubai info at a glance

noreply@blogger.com (Property Investor) — Thu, 28 Jun 2007 09:10:00 +0000

DUBAI

Area: 4114km2sq : Dubai City 1287.4sqmiles
Population: 2,261,995
Capital City: Dubai City
Nationalities: 42.3% Indian, 17% Emirati, 13.3% Pakistan, 9.1% Arab, 7.5% Bangladeshi, 10.8% Other
Languages: Arabic, English, Hindi, Urdu
Religion(s): Muslim (96%) Hindu (4%)
Currency: 1 UAE Dirham = 100 fils
Major political parties: None
Government: Federation
Emir: Mohammed Bin Rashid Al Maktoum
Crown Prince: Sheikh Mohammed bin Rashid Al Maktoum
Foreign Minister: Hamdan bin Mohammed bin Rashid Al Maktoum
Membership of international groups/organisations: Gulf Co-operation Council (GCC), Arab League, Organisation of the Islamic Conference (OIC), United Nations

UAE TO END DOLLAR PEG

noreply@blogger.com (Property Investor) — Tue, 29 May 2007 19:27:00 +0000

Dubai:
UAE may be the next Middle Eastern country to stop pegging its exchange rate to the US dollar, according to trading in currency forwards. The second-largest Arab economy may follow Kuwait
and Syria, which ended their peg to dollar to curb inflation. Middle East currencies have been dragged lower by declines in the dollar, pushing up the cost of imports from Europe and Asia. The market has the expectation that the UAE dirham is the most likely of the Gulf countries to follow. The dirham would climb to 3.66025 to the dollar in a year, 0.35 per cent above today�?s exchange rate, trading in forwards showed. The average premium in the
so- called implied rate in the past year was 0.04 per cent. In comparison, the premium on one-year Qatari riyal forwards is 0.06 per cent. Central Bank of Syria Governor Adib Mayaleh said
that the country needed to broaden its peg to stabilise the Syrian pound and bring down inflation. Kuwait switched to a currency basket on May 20 after gains in consumer prices accelerated above policy makers target rate. UAE Vice-President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum said that the
country would keep its link to the dollar, even after inflation quickened to 10.1 per cent in 2006, from 7.8 per cent the year before. The UAE dirham was unchanged at 3.6732 to the dollar until recently, according to data compiled by Bloomberg. The Syrian pound was at 52.21, the Qatari riyal at 3.6396, and the Saudi riyal at 3.7504. Forwards are agreements in which assets are traded at current prices for delivery at a later specified time and date. Trading in the contracts allows investors to bet on the value of a currency that isn't fully convertible or hedge investments denominated in it.

Holiday Destination Dubai

noreply@blogger.com (Property Investor) — Sun, 29 Apr 2007 18:05:00 +0000

Dubai Beaches
Beaches are the perfect place to relax and shed off your worries and tensions. However, every beach on the earth is beautiful but beaches in Dubai are incomparable and just mesmerizing. Imagine lying on white sand, looking in the Persian Sea or showing your volleyball skills, beautiful isn�??t it? The endless stretch of beaches along the Persian Sea not only gives peace but the ultimate pleasure to revitalize senses. To have a personalized service, you can join one of the five star hotel�??s private beach clubs and avail their facilities. You can also make your weekend classier by renting out a beach club and enjoy your time with family and friends. However, public beaches are also available in Dubai, allowing public to bath and enjoy their sun bath. Jumeirah Beach Park is a major tourist attraction of real estate dubai, giving hours of pleasure and enjoyment.
Sightseeing

Dubai is really two Cities, Dubai and Deira. Divided by the Creek, they are a paradise for sightseeing and both have their unique characters. You will be amazed at the diversity of architecture and cultures to be found here, ranging from traditional Arab houses to magnificent modern towers of steel and glass.

The Creek is the main artery of Dubai, winding inland from the Gulf for about six miles. On its clear waters you will see traditional teak trading dhows plying their trade across the Gulf, heading as far as India. At night, the waterfront is a hive of activity, as Abras, the local water taxis, crisscrosses the Creek carrying people to their chosen restaurant or attraction for the evening.

Dubai does not only offers the usual sun, sea, sand or skiing in the dome;
Camel Racing is an ancient sport which has been renewed with much enthusiasm in recent years. Informal desert tracks and now quite a few official ones have been assigned for this purpose - a large ten kilometer track on the Al Ain road, about forty-five kilometres from Abu Dhabi city; at Al Ain itself, at Dubai and Umm Al Quwain. Certain slender, finely formed breeds such as the white or golden 'Anafi' and the brown or black 'Boushari' are more suitable for racing. Camel training commences at about six months, entrance for official races beginning at about three years.Camel races, usually held early on Fridays or on national holidays, provide visitors with a unique opportunity to observe traditionally clad local people in harmony with their surroundings. Camel racing season begins on Thursdays and Saturdays, Early October.

Desert Safaris-Trips to the desert in groups can be a great way to explore the desert and also know other people and find out a little bit more about the Arabic culture. Safaris are generally half day and can include an overnight stay in one of the Bedouin tents.

Wadi-Driving - This is a popular pastime with both residents and visitors. This involves exploring the wadis or dry beds of streams that flow after winter rains from the Hajar mountains.

Dune driving - Driving in sand can be a thrilling experience by itself and this combines the excitement of a roller coaster ride with the challenge of remaining mobile on the shifting surface. Courses in sand driving are available, with four-wheel-drive vehicles provided, along with expert instruction.

Sand-Skiing - Those with a penchant for speed, a head for heights and enthusiasm for an unusual sport will enjoy sand-skiing down the dunes of the Dubai desert.

Desert Feasts - Safaris are made more pleasurable by culminating into an evening with spectacular sunset views followed by a traditional Arab barbecue under the stars. You can even tailor your evening to your need and round it off with some great Arabic music and belly dancing, the smoking of hubble-bubble pipes and often a display of falconry.