Bullet-Point Property: Dubai No. 43
Dubai is constantly evolving, growing and improving and anyone that is a regular visitor is often amazed at the changes that have occurred since their previous visit even if it was last month, never mind if it was last year.
I am sure that anyone who knows Dubai, struggles to describe the city and its constantly changing skyline to someone that has never been here. I have lived here since 2003 and I find it tough to comprehend the speed of growth and change even though I have witnessed it first-hand.
I constantly have to remind myself not to underestimate Dubai's vision and ability to deliver on their ambition to become a regional and global hub and in record time.
These regular changes to the city can cause confusion to those considering a property investment in Dubai and its normal to think location is the most important factor however in this city, it's not as simple as "Location, Location, Location"
Happy to explain if you are interested, let's meet when you are next in town or we can talk on the phone whenever you have five minutes.
Here are my top five Bullet Point Properties for this week
Continuing the rich legacy of Belgravia 1 and Belgravia 2 which are now the benchmark in design and quality within Jumeirah Village Circle (JVC), Belgravia 3 is a success story in the making
Belgravia 1 was handed over in May 2017 and we have obtained the highest rents in JVC due to the quality, design and facilities, one beds have rented for AED 85k to 90k and 2 beds at AED 110k to 120k per year providing owners with net yields of over 7.5%. More importantly the apartments were taking just 3 to 7 days from handover to rent
With contemporary interiors, Belgravia 3 has been designed to create a community living experience offering residents ample space to connect, share, relax and play.
- 1 bed from AED 822k to AED 1.018m
- 2 beds from AED 1.08m to AED 1.575m
- 2 bed townhouses from AED 1.7m to AED 1.75m
10% + 4% + AED 1,500 on Booking followed by 8 x 5% construction liked instalments and 50% on completion in Q4 2019
The first gated Villa community in Dubai South launched earlier this week and its located alongside an 18-hole golf course.
- 4 beds - 2953 sq. ft. from AED 2,4m
- 5 beds - 3842 sq. ft. from AED 3,9m
10% now, 4 x 10% & 10% on handover in 2020 and 4 x 10% post-handover
Damac have done it again with their latest release - One and two-bedroom apartments within a golf community starting at AED 499k
- 4 types of one beds of approx. 431 sq. ft. at AED 499k to AED 600k
- 3 types of two beds of approx. 679 s to 758 sq.ft. at AED 850k to AED 1m
20% now + 4% Oqood, 1% every month (starting in 3 months after booking) x 30 months and 50% on handover in 2021.
Nshama has announced a very special payment plan of 10% now with nothing to pay until completion. I have checked though the offer and my top recommendation are the 3 bed apartments starting at AED 1.3m with handover dates ranging from early 2018 through to Mid 2019
An alternative & strong recommendation would be the 2 beds in Rawda 1 that have a pool view and start at AED 970k on a payment plan of 3 x 10% in the next 12 months and 70% on completion in December 2019
Emaar will be launching their third and final phase of Sidra villas in Dubai Hills with three options on offer.
- 3 beds of 3,100 sq. ft.
- 4 beds of 3'533 sq. ft.
- 5 beds of 4,109 sq.ft.
This payment plan will be only be available at launch - 5% on booking, 45% during construction, 10% on handover in June 2020 and then 4 x 10% every 6 months thereafter
Thank you for reading this far and have a great weekend
Please message me whenever you have any questions on any of the above or if you are planning a trip to Dubai so we can arrange to meet.
All the best
Steven