News Entries Tagged 'Dubai Property'

Rents in Dubai on the up

Posted On Thursday, 25th October 2012

News Rents in Dubai “fixed on an upward path”


Potential mortgage blow for Dubai property market amid reports of mortgage restrictions

Posted On Thursday, 25th October 2012

Potential mortgage blow for Dubai property market amid reports of mortgage restrictions MONDAY, 31 DECEMBER 2012 Just as it is recovering well from its real estate crash with foreign buyers returning to the market, Dubai has been dealt a potential mortgage blow. The UAE central bank has decided to limit mortgage loans for foreigners buying residential real estate in the country to 50% of the property's value, it is reported.


Serviced Hotel Apartments Lead the Way in DUBAI Property Market Resurgence

Posted On Thursday, 25th October 2012

Burjside Boulevard..........email us about this :  info@DreamPropertyDubai.com As Dubai’s property market embarks on a path of steady growth; major developers in the emirate are placing their energy and resources into a relatively untapped sector: serviced hotel apartments. At the last count there were 577 hotels in Dubai, according to the Dubai Tourism and Commerce Marketing department, but just 200 serviced apartments. Tourists and businesses continue to arrive in their millions (Dubai International Airport welcomed more than 57 million passengers in 2012), and developers see this vertical as a way of attracting individual investors into the lucrative service industry.Hotels in Dubai saw 80 per cent occupancy in 2012, with revenue per available room (RevPAR) at US$ 228 and US$ 285 in average daily rate, some of the highest returns in the world, according to TRI Hospitality Consulting. Tourists to Dubai is also climbing fast, with a Bank of America/Merrill Lynch report predicting 15 million tourists to Dubai by 2020, up from eight million in 2011.All of this bodes well for the luxury serviced hotel sector and allows individual investors to capitalise on this growth sector, which was previously the preserve of the major corporations.This new sector also brings many opportunities and challengers for architects and designers as different layouts and designs are required to deliver a high-end, luxury product.One of the first new serviced hotels to complete will be Burjside Boulevard in the Burj Area with enviable views over the world’s tallest tower and world’s largest mall.The 50-storey tower is set to begin handover later this year. The landmark development offers three, two and one bedroom, fully furnished and serviced hotel apartments."The location is what distinguishes Burjside Boulevard from many other projects currently under construction in Dubai," said Niall McLoughlin, Senior Vice President, DAMAC Properties . " DAMAC Properties always chooses premium sites for our developments and currently the Burj Area is one of the most sought after locations in the world - in fact there is no better site in that area that hasn’t already been developed."Designed by award winning German architects Koschany & Zimmer, Burjside Boulevard is DAMAC Properties ’ first service hotel apartment project, and will be managed by ’DAMAC Suites & Spa’ as per five-star international standards.Enabling works were completed by Norwegian firm Stromek, with Sun Engineering the main contractor for the project. Sun Engineering has more than 30 years experience in the local market, and has been an active participant in the UAE’s construction industry, contributing significantly to both the country’s modernisation and urbanisation.When completed, the project will have consumed 31.755,49 m3 of concrete and 5.325,00 tonnes of reinforcements. The foundation was designed to sustain 161.300,00 tonnes, among which 140.157,00 tonnes are concentrated below the tower footprint. Due to the huge loads and soil properties underneath the building, a pile foundation was the only available option.To succeed commercially it was critical that Burjside Boulevard distinguished itself amongst its highly acclaimed peers in the Burj Area. Through acute attention to detail and the incorporation of luxurious materials including marble, hand-blown glass and European crystals, the project is set to be one of the most iconic in the area.The design brief was to create the type of home customers have always dreamed of. Everything from the décor, to superior quality linen and top of the range European appliances have been incorporated to create a sense of opulence and luxury living.The colour palette is a mixture of crisp white and warm beige, punctuated by splashes of black and metallic’s. The use of gold leaf and chrome features has been incorporated to propose a contrast between the modern and classic design styles.The interior design of Burjside Boulevard is a fusion of classic luxury, within a modern context. It is where 1940’s glamour, meets contemporary sophistication. "Burjside Boulevard will offer the most luxurious services in hotel apartments and provide an attractive rental pool programme to allow our clients to enter the booming Dubai hotel sector," said Niall McLoughlin, Senior Vice President, DAMAC Properties . "We are taking a leading role in this area and the 4,000 Hotel apartment unit which we will have under development by the end of 2013 across the region will make DAMAC Properties one of the largest serviced hotel apartment companies in the region," he added.The project will be managed through the ’DAMAC Suites & Spa’ brand which will provide a comprehensive list of services for residents, spanning from state-of-the-art spa treatments, housekeeping, concierge services, chauffeur driven cars and even private jet and yacht charter."Many of our clients visit Dubai for just two or three months a year. A DAMAC Properties serviced hotel apartment provides clients the opportunity to rent their luxury home while they are away, earning revenue and without the stress and complication of finding a tenant," added McLoughlin.Burjside Boulevard was topped out earlier this year and the interior works are now well underway. The project will be one of the first serviced hotel apartments in the Burj Area and leading the way in the Dubai property market’s resurgence. 


No mortgage cap for DUBAI : UAE Central Bank

Posted On Thursday, 25th October 2012

No mortgage cap: UAE Central Bank Monday, January 21, 2013 The Central Bank has ended controversy surrounding new caps on banks’ mortgage credit in the UAE, saying it has not yet enacted any laws in this respect.


Sky-high interest in Dubai Sky View development

Posted On Thursday, 25th October 2012


Twist and Shout

Posted On Thursday, 25th October 2012

The world's tallest 'twisting' building, the Infinity Tower, was officially opened in Dubai Marina earlier this week.


Will The Upcoming UAE Mortgage Law Slow Revival Of Dubai’s Property Market?

Posted On Thursday, 25th October 2012

Will The Upcoming UAE Mortgage Law Slow Revival Of Dubai’s Property Market? March 30, 2013


UAE MORTGAGE CAP

Posted On Thursday, 25th October 2012

UAE MORTGAGE CAP ANNOUNCED The UAE Central Bank announced new mortgage regulations to take effect later in 2013 . These regulations lay down maximum loan to value ratios as follows:


UAE bank limits mortgage lending to cool market

Posted On Thursday, 25th October 2012

UAE bank limits mortgage lending to cool market November 8, 2013


New UAE mortgage rules from December 1, 2013

Posted On Thursday, 25th October 2012

New UAE mortgage rules from December 1, 2013  November 11, 2013 Mortgage pre-approval letters issued by banks in the UAE with home finance value of 85% will not be valid from December 1 onwards .


Mortgage Mayhem

Posted On Thursday, 25th October 2012

Mortgage mayhem What do the new laws on mortgages mean for Dubai residents? The property market is booming again in Dubai and, amidst speculation of an impending property bubble ripe for bursting, the Central Bank has announced a new ruling to cap mortgages, in order to sustainably manage the growth of the property sector.


Dubai's Developers sweeten Property deals

Posted On Thursday, 25th October 2012

Dubai's developers sweeten property deals RSG International, a new entrant into the local real estate development scene, intends to fund up to 50 per cent of a buyer’s funding needs from its own resources at the time of completion of the project. Not just that, the developer says the funding support will be interest-free and can be repaid over a 60-month period.


Dubai Property Prices to 2020

Posted On Thursday, 25th October 2012

Craig Plumb is head of research for the Middle East and North Africa at international analysts JLL.


Dubai "Crane Capital Of The World"

Posted On Thursday, 25th October 2012

Dubai  "Crane Capital Of The World" Monday, May 19, 2014


Property Buying Strategy : Dubai

Posted On Thursday, 25th October 2012

There is a distinct trend in the realty sector of Dubai which only prudent investors are aware of. This trend enables them to secure handsome profits and make the most out of the booming realty sector of the emirate. So here are a few tips that can assist you in identifying that special trend and make the investment of a lifetime.


Property Price Correction Coming in DUBAI

Posted On Thursday, 25th October 2012

The Property Correction In Dubai Is Coming


Impact of Declining Oil Prices on UAE Real Estate

Posted On Thursday, 25th October 2012

  A lot could be said about the real estate market and its relation with the decline in the oil prices. Some may consider it a deathly blow to the economy of the UAE, others may think that the decline will leave the real estate of Dubai devastated, but the truth is, quite interestingly, otherwise.


Most Sought After Localities in Dubai

Posted On Thursday, 25th October 2012

The most searched localities for buying property in Dubai are Dubai Marina, Downtown Dubai, Dubailand, Dubai Sports City and Jumeirah Lakes Towers.


Time has come to Buy Dubai Property !

Posted On Thursday, 25th October 2012

  The best time to buy Property in Dubai may have arrived ! Buying an aparment in Dubai today can actually cost much less today than a few years ago . Prices are down about 20% versus 2013/14 . Analysts believe that 2015 is the best time to buy Property in Dubai as sales prices have softened due to several factors , inventory of 25,000 new units to be released this year being a major factor ! There has also been a slight decline in interest on home loan rates while some financial institutions offering profit rates as low as 2.99 percent which will add as a benefit for the buyer. Dubai Real Estate market is maturing and the efforts made by Dubai Land Department to cool down the market seem to be bearing fruit and the regulations will keep the market  stable and see controlled growth.


Dubai's Future: 10 Mega Projects ready by 2020

Posted On Thursday, 25th October 2012

  In 2020, Dubai and the UAE will host the world Expo. Before then however, there are a number of gigantic real estate projects that are scheduled for completion, and some of them are truly mind-blowing. 


‘One at Palm Jumeirah’

Posted On Thursday, 25th October 2012

Dubai’s Omniyat, Drake & Scull Launch New Project In Palm Jumeirah Called ‘One at Palm Jumeirah’, the luxury project will be designed by international architects.   Dubai-based developer Omniyat and construction firm Drake & Scull International (DSI) have partnered to launch a new residential property project in Palm Jumeirah, they announced on Sunday.


Why now is the time to invest in Dubai

Posted On Thursday, 25th October 2012