Forget the bubble and welcome stability

There is a lot of speculation and assumptions flying all over the Real Estate market skies in the UAE. It seems like everyone wants to tell the same story to gain recognition and for personal branding.

Some experts even speculate a bubble burst and expect the market to crash like 2008, but that not may be what it seems. Stating the fact that sales transactions have slowed down and the prices are expected to soften, these are not indications of the real estate market bubble bursting but the result of the efforts done by the Land Department which seem to be bearing fruit and the market has entered a self correction phase and will be more stable and fruitful for investors in the long run. The Real Estate market in the UAE is now more mature and different than what it was during the crash in 2008 when the market was based more on assumptions than figures, also the market looks healthier and less vulnerable to a crash by joint efforts by the government and developers. There are now less developers and these reputed developers are able to control supply-demand and pricing and keeping oversupply at bay not leaving any scope for sharp swings. Also the increase in the transaction fee and a cap on lending has strengthened the market to a higher level and market is less shaky this time.  Following the current trends of population and tourism growth, demand is set to remain healthy keeping the market stable.

There are a significant number of apartments to be released in this year which is expected to be absorbed by the growing number of new jobs being created as there will be demand for Dubai apartments for sale and rent from the expatriates coming into the country to fill the new positions.

While oil price drop and currency volatility is expected to get worse, these factors are not going to have a direct effect on UAE property market as Dubai is a hub for economic activity in the Gulf region and the current oil price slump will not slowdown growth. Dubai has a close watch on the current oil price slump and the UAE has built up fiscal reserves which are expected to help the government to keep spending heavily, keeping the economy at a safe distance from the reduction in oil revenues.

So the impact of oil price reduction is going to hit the minds of the people and not actually the economy. The lower oil price will increase wealth in other countries and lure investors to Dubai property market from countries like India and china.

The fact is that investing in Dubai can gain more yield that New York, London and Singapore and there are enough reasons to invest here, political stability being a major one. Dubai has planned Mega projects to be built in the coming years which are going to add more feathers to the cap as Dubai is recognized as a major tourist destination.

Now is a good time to invest in Dubai as the old Oracle advice “buy when everyone else is selling” has proved to be prolific for Real Estate markets around the world. There are major factors to consider investing in Dubai Real Estate in 2015, some of them listed below:-

-Joint efforts between the government and developers are keeping the market regulated.

-Figures predict investing in Dubai yields more gains than other property markets.

-Demand for residential property following Expo 2020.

-Growing population and tourists will keep demand growing.

-Oil price slump can strengthen economies in the rest of the world and some of the money will make its way into Dubai Real Estate.

-Oil revenues do not flow directly into Gulf real estate markets.

-Political instability in other countries is causing people to make UAE their home and invest here.

Enjoy quality family time at the Springs Dubai

The Springs was much of an awaited development for people who wanted to live in a community where there is ample space for family fun and activities. A community where people can relax after a  busy day in traffic, cycle around the area with kids and family or just jog around lush landscapes  and scenic waterways.

The Springs villas gave enough reasons to lure young families to make a home in this calm, serene development and enjoy all the benefits while staying close to major and important areas of Dubai. Many expats shifted from their apartments to Springs Villas available for rent and sale.

The Springs is a part of the Emirates Living community and consists of 4,800 townhouses ranging between 1647 to 5960 square feet and two to four bedrooms. The Villas are exceptionally built and have their own Garden.

These townhouses are set amid lush green landscapes and lakes which give the community a pristine charm and tranquility away from the noise of the city. The Community has a strategic location and is conveniently nearby to the most Important areas like the Dubai Internet City, Dubai Marina, Al Barsha, Jumeirah Lake Towers, Dubai Media City and the Knowledge Village, this convenient location makes it easy for people working in these areas to have a home in the Springs so they can enjoy a quick commute to and from work and spend quality time with families and friends rather than spending their time in traffic jams.

The Springs offers awesome lifestyle amenities which include swimming pools, parks and sports activities much needed to live a healthy lifestyle. The Springs Dubai is a self contained community and includes community retail centers, restaurants, supermarkets, heath centres. The Springs is home to educational institutions so giving parents complete peace of mind for their children’s education. The gated community is watched with complete security and maintenance is available on a call.

Residents living in Springs Villas can enjoy shopping in nearby shopping malls like the Dubai Marina Mall and mall of the Emirates which are nearby to the community.

The Springs has become enormously popular and a first choice for families.

Places To Visit in Dubai

Dubai is a spectacular tourism and leisure destination acclaimed by visitors around the world. Dubai is on top of the list with travelers looking for fun and amusement. Dubai has some remarkable places of Interest and leaves travelers fill with joy and offers a holiday to cherish.

A few of the places of interest for visitors are listed below:-

The Burj Khalifa:- This iconic building stands magnificent as the tallest in the world and holds other records as well. This centerpiece of Downtown Dubai is an urban masterpiece and a must see for tourists. The observation deck which is also the highest in the world offers unprecedented views of the vibrant city and the sea. The presence of Burj Khalifa has turned Downtown Dubai as the most visited area in the UAE. This sky piercing tower has helped Dubai make its name as an achiever in the Real Estate Sector globally.

Palm Jumeirah:- This amazing man-made Island is a must see for all tourists, shaped like a Palm tree and visible from outer space, this artificial archipelago is termed as the eighth wonder of the world. The Palm Jumeirah has lot to indulge, from outdoor activities to up-market shopping malls. Palm Jumeirah is also home to the famous Atlantis hotel which needs no Introduction. The Palm Jumeirah offer a memorable holiday experience. This project has made Dubai a Global player in the Real Estate market.

Dubai Museum:- Housed in Al Fahidi Fort, this museum will take you back in time. The artifacts on display will give you a glimpse of the history of the UAE and the region. the underground section of the museum is equipped with modern technology which showcases the history of the country in an interactive manner.

The Burj Al Arab:- Termed as the world’s most luxurious hotel in the world, the symbol of modern Dubai is shaped like an Abra(traditional ship), this stunning hotel symbolizes the luxury Dubai is famous for. The Burj Al Arab is the first place to visit in the mind of the travelers.

Dubai Jazz Festival:- If you are travelling to Dubai in February you can witness the performance by world renowned musicians at the festival. There is more to see at the jazz festival at the crafts bazaar where the big brands showcase their latest and the most famous products for shoppers. The Dubai Jazz Festival is a musical experience to remember.

The walk at JBR:- This 1.7 kilometer strip is a hot destination among tourists. Located at the ground and the plaza level the walk is filled with tourist’s attractions. Host to restaurants, cafes, shops this is a veritable hive of activity. The walk at JBR is equally popular with tourists and residents, over the weekends there is a huge rush of people strolling and enjoying beautiful views of the Arabian Gulf.

Dubai Creek:- is a saltwater creek which ends in Ras Al Khor wildlife sanctuary. Dubai creek has an important place in the history of UAE. The creek separates Bur Dubai with Deira and in the 20th century members of the Bani Yas tribe inhabited in Bur Dubai. This area is a must to see with tourists.