Bullet-Point Property: Dubai No. 103
Dubai is at 17th in the world for economic growth, stronger than the likes of Geneva, Washington, Paris, Frankfurt, Boston, Brussels, Vienna and others.
Dubai has retained its top position in the Mena region among the world's top 44 powerful cities regarding economic strength, research and development, cultural interaction, livability, environment and accessibility.
According to the annual Global Power City Index 2018 released by Mori Memorial Foundation's Institute for Urban Strategies, the emirate was the 29th most powerful city in the world and the only city from the Mena region.
Despite a six position drop in its ranking as compared to last year's index, the emirate was rated stronger than Geneva, Milan, Kuala Lumpur, Moscow, Taipei, Bangkok and Mumbai among others. Read more here
This week’s property discussions have included:-
The latest project from the most favoured developer in JVC and the culmination of everything that they have learned from their other seven projects in this popular neighbourhood. These will be some of the most sought-after apartments by both end-users, investors and tenants, they were first launched on 31st October, and we have seen brisk sales so far. Well designed apartments with high-quality finishes and way above average facilities are rare to find at this price level. One beds from AED 766k to AED 853k, two beds from AED 1.174m to AED 1.376m and top floor two beds with large outdoor terraces at AED 1.7m to 1.74m. One beds will rent from AED 80k and two beds from AED 105k. Handover in Q4 2020, pay 10% + 4% + 1500 now followed by 8 x 5% construction linked instalments and 50% due on completion. View the Belgravia Square Brochure here
The post-handover payment plan, the price plus the location and the build quality are compelling reasons for considering Rawda 2 in Town Sq. Developed by the same management and designers who brought us Downtown, Dubai Marina and the Arabian Ranches, this leading real estate developer knows a thing or two about creating some of the best communities where people aspire to live in Dubai. A true city within a city which will eventually be home to 85,000 people of all nationalities. Two beds from AED 872k with handover in Mid 2020 – pay 5% + 4% + AED 3,500 now, 20% during construction, 10% on handover and then 65% over 4 years – see the Rawda 2 Brochure here
Catering to the millennial of Dubai with a collaborative and social setting, extraordinary amenities and places to work, study or just hang out. One and two bedroom apartments overlooking the bustling Dubai Hills Boulevard from one of the most trusted developers in Dubai. Centrally located, just 10 to 15 minutes away from Downtown and the Business districts and only minutes away from Dubai Hills Park and Dubai Hills Mall. One beds from approx. AED 700k and two beds from AED 1m. Expect to rent the one bed at a minimum of AED 65k and the two bed at 90k per year. The Handover isin June 2021. A 5.5 year payment plan of 10% + 4% DLD + AED 3,500 now – 27 x 1.5% starting April 2019 – June 2021 move in – followed by 29 x 1.5% . Collective 2 at Dubai Hills Estate Brochure
Emaar South is located on the border with Abu Dhabi and adjacent to the new Airport and the Jebel Ali Port, Industrial and warehouse free zones. The latest release of homes within this gated golf community is the Limited Edition three and four-bed EXPO Golf Villas starting from under AED 1m all on a 5.5-year payment plan with handover in August 2021. See the Expo Golf Villas Brochure here
This week, I visited the new show-home for these beautifully designed and well-finished energy efficient apartments that will demand some of the highest prices and rents once completed in Q4 2019. Really impressed withthe design, quality and detail for Dubai’s first solar-powered residential building in Jumeirah Village that combines luxury with sustainability alongside extra low running costs making this a unique and exciting new project that will attract those looking to buy and rent quality properties in one of the most popular areas of Dubai. Studios from AED 438k, One beds from AED 704k and Two beds from AED 1.39m. Studios will rent for minimum AED 55k, one beds at 80k and two beds at 100k. Handover in Q4 2019. Pay 30% during construction and 70% on handover for the one and two beds while studios require 50% during the build and 50% on completion. Signature Living Brochure
All eyes will be on the Burj Khalifa Downtown district next week as Emaarplan to launch the Burj Royale; this will be the last residence with panoramic Burj Khalifa views and the world has been invited to view the exclusive preview to be screened on the Burj Khalifa this Monday evening – see the video here
Still some limited availability for the Marina Gate two beds on a five-year post-handover payment plan. 10% Reservation, 40% Handover (Q1 2019) and then 50% Over 5 Years (2.5% quarterly payments). Email me for more information with projected rental yields
Are you planning to buy a property in the next few months? Would you like to meet so I can give you a first-hand overview of the different locations around Dubai, show you the developments, and explain the differences plus the history and the future? It’s a great way for you to learn more about the market and all the options that are available to you while at the same time, I will learn about your plans and expectations and how best to assist you.