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.

Get spoilt for choice at Jumeirah Park

A developer’s vision to create a secure, unique and family oriented residential community, Jumeirah Park is set in the heart of the new Dubai offering its residents a high quality of living with all the amenities expected in a superior development. Jumeirah Park is unique in its own way, spreading over an area of 350 hectares providing a tranquil and serene atmosphere while being in close proximity to all the important areas of Dubai.

Jumeirah Park offers 2000 upscale villas clustered among green open spaces, expansive parks and an array of amenities emphasizing on quality outdoor activities which include jogging tracks, walking and cycling trails, community clubhouse which includes a tennis court, children’s play area and much more. Jumeirah Park is a self contained community and includes a community center having departmental stores, restaurants, cafes to cater to the daily needs of the residents. The development has Kindergarten to Secondary School so residents don’t need to worry about their children’s education.

Jumeirah Park is in close proximity to Sheikh Zayed road, Jumeirah Lake Towers, Dubai Marina and residents can enjoy shopping at nearby shopping malls like the Dubai Marina Mall and the Ibn Battuta Mall.

The development features three types of Villas each having a unique theme and architecture and every villa represents meticulous design and luxurious interiors. Jumeirah Park Villas for sale are available in Heritage, Regional and Legacy themes, ranging in sizes from 3997 to 5071 square feet and having 3, 4 and 5 bedrooms. All the Villas at Jumeirah Park have large bedrooms and spacious family rooms, include private terraces and gardens and double garages.
The Heritage theme has French doors and amazing water features showcasing a sense of elegance, the Regional Villas well display the essence of Arabic architecture with geometrical patterns and glazed ceramic tiles  that mix well with the regional architectural heritage.The Mediterranean Villas influenced with Mediterranean architecture showcase style blended well with luxury.
Jumeirah Park for its enormous features, utmost luxury and a convenient access to important destinations has become a residential address to cherish.

Jumeirah Village Circle

One of the most family friendly developments in Dubai, Jumeirah Village Circle has been designed to provide residents a beautiful, serene and a modern atmosphere set amid luscious landscapes. Jumeirah Village Circle enjoys its strategic location in the heart of new Dubai with superior connectivity to 3 major roads including Al Khail Road, Mohammad Bin Zayed Road and Al Barsha Road, this self contained community has everything expected from a world class self contained community.

Jumeirah Village Circle has been designed with unique radial patterns with streets leading to a central community center. The walkways and transport systems will increase mobility for residents and provide providing convenient access to the public areas. The development features 2,000 sprawling villas, exclusive townhouses and an array of amenities for the entire family. JVC townhouses for sale are much in demand with people who want to have an independent unit .Verdant Parks, sports fields, Schools, Jogging and cycling tracks, children’s play areas, mosques and community retail center are some of the quality amenities creating outdoor activities for all members of the family and making it an exclusive family retreat.

The Broadwalk at Palm Jumeirah

NEWS

Palm Jumeirah has been amazing tourists with unique developments and now there will be a new feather in the cap, the Broad Walk will transform the existing 11 km crescent which also serves as a protective breakwater into a place where residents and visitors can shop eat and walk in some of the finest stores and glass-encased cafés and restaurants. The Boardwalk will include 2 piers each stretching  100 meters out in the Sea and will create 1000 square meters of decking, thus a wonderful experience for visitors.

The Boardwalk will be created by building over the rocks on Palm Jumeirah’s breakwater and will have a width of six meters.

Dubai based master developer Nakheel has appointed AST company to build the Boardwalk, work on this new development is likely to start of Nov 2014 and will complete by the mid of 2016.

Palm Jumeirah is famous for its landmarks and is the most visited destination in the region. Home to some of the best and unique Hotels in the world Palm Jumeirah is on top priority for residing among visitors to Dubai. Palm Jumeirah also offers luxurious villas and apartments which are very popular for their private beaches and amenities. Palm Jumeirah apartments are considered to be one of the best residential units in the region and the most sought after among people wanting to live in a resort like atmosphere. The villas at the Palm Jumeirah are unique with each having a private beach and swimming pool making it just a perfect place for family fun and an outdoor life and spectacular views of the Sea.

Selling Hassles

Selling a property can have many hassles and hurdles that a Seller has to get through. Whether it is an apartment, villa or office it can be a stressful procedure from the moment you decide to sell your property, so how do you combat the difficulties to ensure a greater peace of mind. We will go through what we believe to be the best and most successful strategy for sellers based on experience and expertise.

First you have to look and find a good agent that you can trust to sell your property for you. This can be difficult as there are many agents who are money hungry and don’t care about much more. A good agent will work with you as a seller to firstly understand what your requirements are and work to fulfill these by advising you according to your situation of all the possibilities and then assisting you to pick the right option. The benefit of picking many agents is that you expose your property to the market which increases the chances of a potential buyer seeing the property. However this is greatly outweighed by the fact the buyer’s will see that the property is listed more than once and feel that the seller is desperate to sell which is the last thing you want.

With this is in mind is being Exclusive with an agent a good idea?

The question is very much dependent on the understanding you have with the agent and how he/she interprets your requirements for the property to sell. How quickly you want to sell, what market you want to target, if you need a buyer to clear your finance? Once you have narrowed down an agent that you prefer to work with what are the benefits of choosing exclusive.

Many sellers feel lost and confused as to whom to call and follow up on with clients because of the many agent they speak to. An exclusive agent can take this off the seller’s hands by ensuring that all enquires, clients, agents and interested parties are dealt with and qualified by the agent before reaching the point of a viewing or negotiation. A good agent will communicate with the owner feedback and interest received on the property regularly which helps him/her make the right decisions of the sale based on the valuable information given said agent.

 So with these points in mind how do I ensure my property is substantially exposed in the market enough to find the right buyer for the property? With an exclusive agent the agent will feel obliged to put all their hard work on selling the property so will look at advertising as premium listings and featured listings. These listings are special and are placed at the top of all searches in the major portals in Dubai and they have highlighted descriptions which ensure the buyer spots it.

Agents also have a large network of other reputable agents that the agent will work with to ensure a greater exposure for the property which means more clients and a bigger potential to sell the property. The biggest threat to a potential sale can be over exposure as this can disinterest potential buyers as they feel the seller is desperate to sell and influence the buyer to offer a lower price.

Also good agencies will advertise in print which can be very good for high end property as high end buyers are more likely to come from print advertising. A reputable agent will look at having regular print of the property on full or half page adverts which showcases the features of the property.

Advert boards and opens houses are also very successful in different parts of the world as they can showcase the best of each property which the agent can arrange on behalf of the seller to a high standard. With this in mind we believe it is a straightforward choice. Which will you choose? Get Listed Get Sold.

Source: Safura Abas

General Manager, Aston Pearl Real Estate