Bullet-Point Property: Dubai No. 45

The Cityscape property exhibiiton ended on Wednesday and it was one of the busiest and more enjoyable that I have attended for a good number of years. I saw a brief article in The National that echoes my impressions of the show and current thoughts on the market, read it here

I met with many developers over the three days and a few projects caught my eye, I will share the details with you in my next email once I have completed my checks.

These are a few of the properties and offers that I have been talking about with my clients this week: -

• Vincitore Boulevard in Dubai's Barsha South Arjan District,located next door to Miracle Garden, one of Dubai's biggest tourist attractions, with studios from AED 554k and one beds from AED 937k and a compelling 8% net rental guarantee with handover in Q2 2019. Pay in full now and you could start receiving that 8% net yield within the next 3 months - just something that I negotiated for a client recently.

• Damac has an offer valid until 30th September on selected properties that have an anticipated completion date up to Q3 2018, pay 1% on booking. 19% within 30 days and 80% on completion with 100% of the DLD fees waived.

• As mentioned in my last email, the first of a cluster of buildings in Park Ridge Residences within the Dubai Hills Estate was launched this week and it's a winner in my opinion: -  a mid-rise located on the park offering affordable luxury in one of the best communities. Still some availability of one beds from AED 880k, two beds from AED 1.45m and three beds from AED 2.3m. I am confident that Dubai Hills will be the most sought after ex-pat family community in Dubai when people start living here in 2019 

• There is a massive amount of interest surrounding the Dubai South development area which encompasses the Expo 2020 site and the new International Airport however I am recommending Town Square as a viable alternative. The first residents of this "New Town" start receiving their keys on the 1st October and this is one of my top picks for investors and end-users looking for value and good returns from an excellent developer. They released some new apartments this week with one beds starting at AED 632k, two beds at AED 819k, three beds from AED 1.4m  and they even had a few studios selling for circa AED 430k, completion in 2019 on a 50%/50% construction linked payment plan.

• Take note of the two beds in Rawda 1, located directly on the central square park, selling for less than AED 1m and all overlooking the pool. A very promising "Buy to Let" 

I appreciate it's never as simple as brochures, prices and a payment plan, you probably have at least 20 questions and I am here to answer all of those and perhaps some you haven't even thought of. For a more detailed discussion or to meet me in Dubai, please call or email and I will be sure to respond as soon possible

If you have any questions or thoughts feel free to reach out at any time.