Bullet-Point Property: Dubai No. 99
Did you miss last weeks news that Dubai has surpassed itself once again with the latest and most expensive? – read more here
And on a more serious note - Is Dubai entering a new phase in its ambitions for economic growth, foreign investment, businesses and how will this affect Real Estate? read the article here
Just when we thought the entire coastline of Dubai had been fully developed with hotels, palaces and high-value properties, some of Dubai’s major developers have been launching some exciting new projects close to the beach and even on some islands that don’t even exist at the moment.
Emaar is not known for properties on the beach, but during 2018 they have launched a new island located between the Dubai Marina and the Palm Jumeirah where we will have 27 Miami style buildings alongside a 750-metre private beach, so far these are Beach Vista, Marina Vista and Sunrise Bay. Still some available apartments starting from AED 1.3m and more to follow
Yesterday saw the agents briefing for Emaar’s latest project where "the city meets the beach" at Dubai Creek Harbour – contemporary Arabic style architecture in mid-rise towers alongside a new private beach. They have a unique launch offer of two years free service fees, and a five-year full property management and maintenance program included FOC for early investors. The payment plan is now 45% during construction, 30% on handover at the end of 2021 and then 30% on 24-month post-handover plus a 2% DLD Waiver. It's too early for brochures and prices, but I can always update you if interested and pre-brooking starts today, email me here
The big property news of last week was from Dubai Holding, owners of the Jumeirah Hospitality Group and Dubai Properties, announcing a new apartment development named Madinat Jumeirah Living which is located across the Jumeirah Beach Road from the Burj al Arab. The apartments will have very limited options for sea views and no direct access to the beach, however, this has to be on the very best locations in all of Dubai, and that’s reason enough to take note. The prices are lower than expected with one beds from AED 1.1m to AED 1.4m and two beds from under AED 2m and up to AED 2.5m. The first two buildings sold out in no time but there is a lot more to be released so if you are interested, please email me here and I will keep you posted
One of my favourite new areas of Dubai to relax is at is La Mer, a beachfront restaurant and entertainment area developed by the same company who has brought us City Walk, the Bulgari Resort, Bluewaters Island and the Beach at JBR. Their new project is called Port de La Mer and the first phase of the project is named La Cote, a gated community with private beach access and a marina designed to emulate the best of the Mediterranean harbour towns. One beds can be found from AED 1.3m and two beds from a little over AED 2m – email me for more information
The developer behind Marina Gate has a five-year post completion plan and 100% DLD contribution for the two-bedroom apartments at The Residences at Marina Gate II. 10% on reservation, 40% on handover mid-2019 and 50% in quarterly instalments of 2.5%. I have calculated an average and minimum net yield of 5.7% over the five years if rented out on an annual contract. Email me for more information and my calculations
My preferred developer of design-led high quality and value-driven properties will soon be launching their new project in JVC; I understand that it will be named Belgravia Square (there is a clue in the name) and if you are looking for growth and rental yields or simply a great place to live then, please email me here so I can keep you updated and give you the facts as and when we learn more – Keep me updated on Belgravia Square
Thank you for reading this far, please forward on to someone who may be interested