Dubai Property & Real Estate Blog

Dubai Real Estate Recovery

Dubai Property (Real Estate) — Tue, 29 Jun 2010 21:55:08 -0400

Smith & Ken's Dubai Real Estate Recovery Scheme

Just think about this for a second. There you are ever so confident that you have made the right decision to invest in a property. So you have made an initial series of payments. But then it all happens in a flash. Your property's developer goes down and it takes with it your investment. Now everything seems to be lost for you and you start to worry about the investment that you have made.

And that is part of the nature of investment because you invest in a property knowing, or hoping, that it will eventually gain profit for you or at least provide you with good value. But that's not what always happens in real life.

The hardest part to take about it is that you have already given a good deal of payment for that property. While it may not be the total price of the property, it is still a large sum of money. And losing that will truly hurt your feelings and your wallet too. That's when you begin to think that everything is going wrong against you. The good thing is that you have an option.

There is a company that offers assistance for such an occurrence, helping investors recoup what they have already lost through their busted investment. This is called the Smith & Ken's Real Estate Recovery Scheme. And it is a great option considering that you have already made a big initial cash out for your property. Don't you want to get something in return for you loss?

You might ask: Can I still recoup my losses and get a great deal from another company because of it? The answer is yes. To give you a basic understanding of this works, let me explain it as simple as I can. Smith & Ken will aim to provide a property of equal value to the one you have already lost. They will give you a like for like credit note for the amount that you have already paid for your previous developer. Now clearly you will see this system's benefits for you. You will be getting something in return for your original investment that did not actually materialized.

Then Smith & Ken Dubai Real Estate Recovery Scheme (RERS) is going to present you with their portfolio of properties that you can choose from. They will make sure that these properties are of high quality and are under developers with good reputation or nowhere near bankruptcy. Because for such a thing to happen to you twice can already be considered a bad luck. Good thing there is Smith & Ken's Real Estate Recovery Scheme to help you.

The majority of the applications submitted to the company are processed individually. This is to ensure that they properly screen every applicant and that they can provide the right type of service. It is only normal to receive their feedback in 5 working days.

This is the best property recovery service that you can rely on and it has already been tried and tested by countless number of investors who went through similar situations.

If you are looking for more information on the Dubai Property market and other Dubai Real Estate breaking news please visit our website. We also offer other services such as Dubai mortgage advice, rent to own property and conveyancing.

You can also download our free e-Brochure here today.

Dubai Real Estate Recovery Scheme

Dubai Property (Real Estate) — Tue, 29 Jun 2010 21:02:55 -0400

Smith & Ken's Dubai Real Estate Recovery Scheme

Sometimes the global economy is in a bad situation or your real estate developer gets into trouble, or something else might have happened, but the end result is that your investment is in the brink of turning sour. It can be a harrowing situation and blaming yourself for making that what seems to be a poor investment decision in the first place when buying a U.A.E. off plan property. But seriously, how could you blame yourself when it was not your fault to begin with sometimes things are just beyond our control.

It all starts when you probably made a 10/20 percent payment or maybe a bigger deposit to cover a good chunk of the overall price of the property you have chosen in the United Arab Emirates (UAE). And then the unthinkable happens. Your property's developer goes bust or absconds. You are left there hanging thinking that you have completely lost what you have already invested in your dream home.

Fear not as now we have the Smith & Ken’s Real Estate Recovery Scheme which can help you with your predicament and put all your worries behind you. We fully understand the uncertainties and doubts that you are feeling and thinking because after all, it is serious money that was almost completely taken away from you.

Smith & Ken will aim to give you a like for like credit note that will more or less match the value of what you have already shelled out for your property and replace or swap it for a READY property from a trusted developer! What this means is that you will be getting back what you previously deemed as already lost via our Dubai Real Estate Recovery Scheme (RERS).

We have a great selection of units or properties that you can choose from both apartments, villas and offices. These are always available when they are presented to you, however the number of the units will be limited. So acting fast on your behalf is the key to recouping your losses and making the most out of your sour investment.

Bear in mind that every application will be treated individually and you will be notified within seven working days if your application was approved.

Just think of it this way, you will be swapping your property with one that Smith & Ken offers you. So if you look at it, you have actually lost nothing. And what's even more wonderful about it is that for your canceled property or unit, you will be getting another one that is located in a prime READY U.A.E. development. That's because Smith & Ken makes sure that you are really getting great value out of your new property investment.

When your application is approved, Smith & Ken will then invite you to look at our available properties and portfolio. When you have found one to your liking, we will process your Dubai Real Estate Recovery Scheme (RERS) application and swap your previous property for the new one that we present to you. We will then deduct the amount that you have already paid from your property.

So if you're interested, here are the three simple steps that encompass this recovery scheme:

Step one: Fill out the Unit Transfer Form, supply the necessary documents including the original signed reservation agreement or sale and purchase agreement, the original developer receipts for all your payments, and the proof of unit registration in Dubai (Oqood registration).

Step two: Wait for the approval from Smith & Ken. The review process can take up to 7 days.

Step three: You will be duly notified if your application was approved.

For more information on our Dubai Real Estate Recovery Scheme (RERS) contact us now.

You can also download our free e-Brochure here today.

Carolyn Capalbo - Real Estate Agent

Dubai Property (Real Estate) — Thu, 03 Jun 2010 19:07:40 -0400

Carolyn Capalbo: What's In A Name? As we look to help a fellow realtor clear her name you can read more on the background of this story here.

William Shakespeare, that great literary giant once wrote:

"What's in a name? That which we call a rose
By any other name would smell as sweet."

To Carolyn Capalbo, her name is her one real and most important asset. And although Shakespeare may have his point, it is different now that almost everything can be searched on the web, particularly on Google. Because the Carolyn Capalbo we are most concerned here is a very successful and well respected real estate agent in Northern Virginia. She just had the misfortune of having a namesake who had achieved some notoriety around two years ago.

The “other” Carolyn Capalbo is the mother of Ashley Dupre. Now to shaken your memory a bit, let me explain a little more about the series of incidents that gained national fame and which would later affect Carolyn Capalbo the real estate agent.

Back in 2008, then New York Governor Eliot Spitzer got involved in a prostitution scandal. What happened was the media, more particularly The New York Times, reported that Governor Spitzer had occasionally hired the services of the Emperors Club VIP, an online escort service to hire high class call girls. One of these girls upon which the governor had gotten the services more than once was Ashley Dupre. These inappropriate activities were discovered with the use of federal wiretapping. Later in March of the same year, Eliot Spitzer resigned as governor of New York.

To go back to the topic at hand, Ashley Dupre's mother, the professional escort mentioned above, is named Carolyn Capalbo.

Just like the Carolyn Capalbo who is a real estate agent, an economics degree holder, and a financial specialist. This Carolyn Capalbo does not have a daughter named Ashley and as of this writing, is not yet old enough to have a grown up daughter.

Now you might ask what's with all the fuss about her having a namesake? The answer is simple. Carolyn Capalbo has a name to protect. Her name is very much respected in the real estate industry. She is held with high regards by her fellow realtors. And in the real estate business, especially when you are selling homes to people, having a good and clean name counts.

A few years back, when you search her name on Google, it's all about her that you would find in the search results. But that has changed because now she has been outranked in the results by the other Capalbo. There are even image thumbnails of Ashley Dupre in bikini right on top of the search results for Carolyn Capalbo. And that's not a good thing especially when clients happen to make a search for your name.

The real estate agent Carolyn Capalbo wants her name back, at least back on the top Google results. In an industry where one's name and reputation are among the deciding factors whether you can get potential clients to trust you, it has become even more important to have your name on the top results.

A name is a name, but if you are called a rose, you want to always smell as sweet.

You can check out her Northern Virginia Real Estate website on the link provided.

You can also download our free e-Brochure here today.

Real Estate Web Design Dubai

Dubai Property (Real Estate) — Sun, 23 Aug 2009 00:19:02 -0400

Real Estate Web Design Dubai by Blue Beetle

I have been looking to have a re design on my website Dubai Property Portal for some time now but with being so busy focusing on the SEO and Search Engine Optimization the new design has been put on the back burner so to speak up until last week this...

One thing I do is always keep an eye out for who is on top of their game for Dubai Web Design and in particular Dubai Real Estate websites. There are so many companies out there showing off their flashy portfolios, some good and some bad but there is only one company who I consider to be way ahead of the competition for creativity, customer service, attention to detail, clean design, usability with a high quality end product and that is Blue Beetle in Dubai.

Over the years I have watched them progress into the market leaders for Dubai Property and Real Estate websites with names such as The First Group, Hydra Properties, Smith & Ken, Dubai Luxury Homes, Dubai Waterfront Properties etc etc and that is only the property related sites. They have also designed for the likes of Lloyds TSB, Jumeirah Group, Dubai World and many many more big names, actually have a look at their portfolio here and see for yourself as some of the designs really are awesome. I approached Mark Hirst at Blue Beetle with my ideas for a re design and new front/back end so it`s work in progress really but one things for sure I really can`t wait to see the end result and I know it will make a big difference to give our clients a much more user friendly platform to buy, sell and rent Dubai Property, so watch this space and I`ll update you with the progress from time to time up until the launch.

If you are looking for Dubai web design or development on your new or existing site get in touch with the guys at Blue Beetle like I did they`re impressive no doubt about that and are considered the number one Dubai real estate web designers by far.

You can also download our free e-Brochure here today.

Smith & Ken Appoint Dubai Property SEO Expert Mark Wallington

Dubai Property (Real Estate) — Wed, 12 Aug 2009 01:49:00 -0400

One of the things I`ve been busy with this week is finalising my SEO Search Engine Optimization proposal with Ben Smith the CEO of Smith & Ken one of Dubai`s leading property companies. So why did we both team up together? Well first of all when I looked at the Smith & Ken current website it was something I really wanted to be part of I have to say, its one of the best Dubai real estate websites out there! Plus Ben had some great ideas himself and a good understanding of Dubai Property SEO so I knew it could be the perfect combination.

But it gets better than that... Ben then told me they were having a new website launched at the start of September, I asked if I could take a look at the new design compared to the old as I could not really see how they could better what they had already??!! WOW is the only word I can describe to tell you the way it looks, absolutely genius work by the guys over at Blue Beetle Dubai Web Design, I always knew they were the best in the local market for churning out mega unique design work with exceptional functionality, great job guys I`m sure it will take the market by storm when its launched.

Now back to the SEO work, I think Smith & Ken were quiet impressed with all my initial ideas and the examples I showed them that I have done on my own project Dubai Property Portal over the last few years and obtaining top ranks in Google, Yahoo, Bing etc with some top notch Search Engine Optimization for Dubai property and all the developments within.

I`ll keep you updated on the progress of the work and the new website with the official launch date it should be very exciting and expect to see Smith & Ken all over the Search Engines very soon!

If you are looking for expert SEO or Search Engine Optimization work doing on your own website you can contact me Here.

Thanks,

Mark Wallington.

You can also download our free e-Brochure here today.

World's Best Property SEO

Dubai Property (Real Estate) — Sat, 08 Aug 2009 07:55:50 -0400

The World's Best Property SEO.

Is Mark Wallington the best property SEO out there? I must admit I`m doing this Blog here to show you my SEO skills and to also challenge myself to see if I can get to the number one ranking in Google for the search terms "World's Best Property SEO" to be honest I think I`ll do it lets see... As proof if you have landed on this page you have also witnessed first hand of what I could do for you in terms of property SEO if you have come via a Search Engine.

It`s also a test of my SEO Search Engine Optimization knowledge that I have picked up over the last 4/5 years whilst working on my own website Dubai Property Portal. I`ve tried to achieve some of the greatest rankings possible in the local real estate market there to drive traffic and clients which in turn means leads leads leads and revenue! The results that I have achieved so far have gone way above my expectations, just to give you an idea the main website and all the associated Blogs that I use get approximately 4,000 unique views per day (more about that below).

The property world in Dubai has seen a lot of changes in the last few years with regard to online marketing and media advertising. In the past most real estate and property companies used to use newspapers and magazines for listing their properties which got very expensive. These days everyone who wants to stay one step ahead of the competition and at the top of Google are using the best SEO techniques and individuals like myself to make this happen. SEO Search Engine Optimization is not something you can just click your fingers and make happen even if you have one of the best property websites on the world wide web, if it is not optimized correctly its as good as being listed right at the back of a newspaper, not on the back page but on the inside back page, useless.

SEO takes time and patience and many changes to the structure of the title tags, keywords, descriptions and of course great content and that's only scratching the surface, if you don't have the experience in making these changes it can be quiet a daunting task and one which most companies are simply not equipped to do themselves so they look to hire a good SEO.

If you are looking for someone to help you achieve high rankings for your property or real estate website please contact me on the following email Here for all your SEO and Search Engine Optimization requests whatever Country you are from.

Best Regards,

Mark Wallington.

*Note.

Thanks also go out to Activerain where I have been a featured member on the homepage for a very long time and also to REW where my Blog there has had over 720,000 unique views you both provide great platforms for internet marketers to drive traffic to websites.

You can also download our free e-Brochure here today.

Dubai Property SEO Search Engine Optimization

Dubai Property (Real Estate) — Sun, 02 Aug 2009 18:13:15 -0400

Dubai Property SEO Search Engine Optimization

If you are a Dubai Property company looking for SEO Search Engine Optimization on your website to increase traffic, leads and rank high in the Search Engines Mark Wallington can make this happen and you have come to the right place. Actually you have already witnessed how SEO works as you have now arrived at this page we set up to attract users on the internet looking for Dubai SEO, we can implement the same techniques for your own website to make sure you rank highly for search terms such as "Dubai Property" "Dubai Real Estate" and "Dubai Properties" etc etc.

These days it is of the utmost importance to gain high rankings in the Search Engine`s if you are to be found for clients searching to buy property in the U.A.E. if you are not visible or ranked high enough you will find it very hard to attract buyers and sellers directly as leads. This is where we can assist you and make sure we drive as much traffic as possible to your website that you can then convert into sales and revenue for your company.

SEO and Dubai Search Engine Optimization is now being widely used in the local market and to stay one step ahead of the competition or even to keep up with the big names you must have your website fully optimized with researched title tags, meta keywords, descriptions and good unique content all of which we will provide for you with a monthly Dubai SEO plan.

For more information and a FREE ranking report you can email us Here to find out more about Dubai Property SEO.

Regards,

Mark Wallington.

Stop Press...

See what it takes to be the World's Best Property SEO today.

You can also download our free e-Brochure here today.

New Rental Index From RERA Set To Show Easing Rents

Dubai Property (Real Estate) — Sun, 10 May 2009 00:16:45 -0400

Anyone familiar with Dubai will know that normally each passing year sees Dubai’s already sky high rental prices being increased further towards the point of madness. On top of traffic, rent in Dubai it is safe to say, is not one of the things Dubai residents would have high on their lists of lifestyle benefits of living in the Emirate. With some workers spending over 60% of their income on renting a property in Dubai alone, the situation was getting a little out of hand. Landlords were very much in the position of power, with most tenants being expected to hand over at least 6 months rent, in most case 1 years worth of rent, before being able to take occupancy of their home. However the rapidly deteriorating Dubai real estate market combined with the global economic crash has brought hope to Dubai tenants. Well that was the original idea.

In order to give a clear indicator of what rental prices should be, the Dubai Real Estate Regulatory Agency (RERA) released a rental index, which was to act as a guide to fair rental prices. However upon its initial release, the index wasn’t exactly an overwhelming success! The figures used to calculate prices were mid 2008 prices, when the Dubai real estate market was at its peak, and rental prices still sky high! It therefore bore no resemblance to the current market demand and rental prices, and therefore wasn’t exactly much use!

However RERA are now set to release a new an updated rental index using more recent market data, that should give a more fair indication of what rental prices should be in the current climate. Although it has not yet been fully completed, RERA have revealed a average price drop of 10-15 in some developments. This is still some way off the expected price drops and current market prices, but RERA say this the index is still undergoing completion, and these prices have been formulated using only a few developments rental prices. The full index should be released later this month. However will it fully show the drops being seen in rental prices, or will RERA have overstated prices yet again? Those who work in the sector believe the rental prices have declined some 30% across Dubai properties, but will the new rental index get it right this time?

Are you looking to sell Dubai property at the best rates possible? Contact us now!

You can also download our free e-Brochure here today.

Direct From Owner No Commission 1 Bedroom International City

Dubai Property (Real Estate) — Sat, 18 Apr 2009 20:43:57 -0400

Direct From Owner No Commission

Welcome to a fascinating world of unique architectural styles, where the timeless heritage of a glorious past is captured in a vibrant, flourishing destination - International City.

Designed to mirror the charming allure of the United Arab Emirates, the new Emirates precinct is the latest residential offering in this lively multicultural neighbourhood that is home to over 60,000 people.

Though distinct in its appeal, the new Emirates precinct seamlessly integrates into the montage of architecturally different themes that includes Russia, Italy, Spain, England, France, Morocco, Persia, Greece and China.

International City is located along the Dubai-Hatta road between Interchange 5 and 6 of Emirates Road.

Apartments Number 111
Property Location/ building name Emirates cluster @ International city
Number of Bedrooms 1
Number of Bathrooms 1
Development Name International City
Completion Date December 2009
Estimated Square Feet 764
Original Purchase Price (AED) 679,600

Selling Price(AED) Including Transfer Fees 700,000 net to owner (not including transfer fee)

Additional Features

Pool
Garden Garden
View
Parking Parking
Gym
Doorman Doorman

Additional Information(Including % paid up to date)

Paid 40% by cash, the remaining is financed by Noor Islamic Bank

Contact Owner Mrs. Parveen Habib
Mobile Number: 050 551 2808
Alternative Mobile Number: 050 651 2813
Email Address: Parveen.habib@noorbank.com

You can also download our free e-Brochure here today.

Dubai Property Distress Sales Bargains To Be Had!!

Dubai Property (Real Estate) — Thu, 05 Mar 2009 02:34:24 -0500

With the financial problems being experienced in the west now slowly filtering through to other economies around the world, Dubai can join the likes of China and other large Asian countries in seeing its economy slowly take a turn for the worse. This therefore puts Dubai real estate in a very unfamiliar situation, with this perhaps the first time here that property prices are not on the up. And with this being a first, no one is really sure as to how long things may last, and what happens next. After all real estate prices can be complicated enough, without the current external factors also added on top. However what we do know is that the current property prices decline presents buyers with a great opportunity to pick up a bargain!

Whilst houses prices are still not exactly give away cheap, they are certainly becoming more and more tempting. Whilst prices have fallen with both off plan and secondary market property, it certainly seems that it is the secondary market that has been the hardest hit. Many of those working in the Dubai real estate sector believe the current fear behind the price drops is a little overblown and prices will soon bounce back, but in either case, it means for the time being you can purchase real estate in some well know areas for almost 20% less than a few months ago! With prices in Emaar’s popular Downtown Dubai development according to some reports down by as much as 22%, there is some very high standard real estate up for sale with big discounts!

But who wants to buy now if the market is only going to continue to fall, right? Well the beauty of the Dubai property market at the moment is that long term; it still looks a very solid investment! Property is still underpriced in relation to other big cites, and the Dubai government has a strong hand in dictating market supply, ensuring things don’t get too out of control. The general picture being presented of the Dubai property market is that the current price drops being experienced will not be a long term thing, therefore making this a great time to jump onto the market.

Are you looking for a property in Dubai at the lowest price possible? Contact us now for the best deals on the market!

You can also download our free e-Brochure here today.

The European Business Centre Dubai

Dubai Property (Real Estate) — Thu, 05 Mar 2009 02:17:12 -0500

As Dubai begins to play an ever growing role in Middle Eastern and World business affairs, its reputation as a place to come and work or set up office is being ever enhanced. With a rapidly expanding business sector Dubai wants to become the new Hong Kong or Singapore, and with all that is being built and developed here, Dubai surely has all the right pieces in place. With government incentives for foreign businesses and enterprises setting up in Dubai, companies small and large are beginning to see the advantages of moving here. With tax breaks and other financial incentives, plus no personal income tax, Dubai property and offices has few competitors when it comes to offering businesses an environment in which to thrive and prosper. However for all its positive business initiatives and great business areas, Dubai can still be a confusing place to get an office and working environment up and running.

It shouldn’t be hard, but often is. And this is where the European Business Centre can come to your recue. Offering a state of the art working environment included the latest technologies throughout, the multi purpose commercial project aims to take all of the hassle and bother out of setting up office in Dubai. Situated at the highly regarded Dubai Investment Park, the European Business Centre can provide international firms wanting to come to Dubai with an up and running office and much much more. Whereas many offices sold in Dubai real estate only come as a shell, with none of the fittings and basic infrastructure needed to operate completed, the European Business Centre is ready for you to move in and work from day one, and thus can save you all the troubles normally involved in buying your own office.

But you get a lot more than just the latest and state of the art offices here. The EBC will also provide you with a huge range of invaluable services. Setting up of your company, helping you to find the local partner required by law, visa support legal advice, bank account help and even a lifestyle guide to Dubai are just some of the areas where you can receive advice and help when starting up. And once you get things going, there is also a range of operational support service such as IT and technology help desks and maintenance, security plus tax and legal help. Then factor in a huge range of permanent and temporary flexible offices to suit your needs, and the EBC looks like a pretty smart bet. So for those looking to come to Dubai and set up here, the ECB really does look to have all angles covered to make the process exceptionally easy and efficient for you, whilst still offering the highest standard of office space and technology available in Dubai properties. Sounds like a winner.

You can also download our free e-Brochure here today.

Registration Deadline Draws Near For Ajman Property Developers.

Dubai Property (Real Estate) — Tue, 03 Mar 2009 01:30:00 -0500

Whilst Dubai property is usually the Emirate of choice when it comes to making property headlines in the UAE, that doesn’t mean the other Emirates are not doing their own thing too. Abu Dhabi has achieved much success in this regard but has yet to fully move out of its neighbors’ Dubai’s shadow. Ajman property has also achieved a good deal of success by following in Dubai’s footsteps and opening up the property market to foreigners and offering freehold property ownership. However Ajman property has also not found itself immune to the property price crashes seen elsewhere, and now cracks have started to show in the market. With some off plan property plummeting up to 50%, Ajman property is now going through some testing times. The very recently formed Ajman Real Estate Regulatory Agency(ARERA) has already been put to work, with numerous and wide ranging controls being implemented to try and get the market back on track.

Developers are now being required to register with the ARERA and fulfill a number of criteria in order to be allowed to continue to operate within Ajman. These include setting up Escrow accounts and a moratorium on unaudited real estate payments. With a number of developers having taken payments for property that has yet to even see construction start, the government has been forced into tightening regulating in the face of falling buyer confidence. With developers having an initial deadline of the 5th March to begin the registration process, and then the 1st of May to have everything to be complete and submitted, there is not much time before developers are forced to show their hand.

The ARERA is taking non compliance of its new legislations quite seriously, and developers who don’t heed their warning can expect a minimum fine of AED 100,000 and be prevented from doing any business within the Emirate of Ajman. Advertising on unregistered projects will also result in fines. Developers who have not started construction on their projects will also be required to cease taking payments from investors until construction has begun. This new legislation has been welcomed by those involved in Ajman real estate, and the new laws should help stabilize the market and increase buyer confidence, which can only be a good thing at this time.

For more information on Ajman property, Dubai real estate or Dubai properties contact us.

You can also download our free e-Brochure here today.

The Grass At The Greens Emaar Causes Quiet A Stir

Dubai Property (Real Estate) — Tue, 03 Mar 2009 01:13:33 -0500

Dubai is starting to become a place where residents are getting used to putting up with strange and in some cases plain odd things when it comes to their homes. Dubai property developers have made a name for themselves by creating weird and wonderful freehold real estate projects, something I am sure most appreciate. Unfortunately some developers like to carry the crazy and unique part over to their dealing with residents; well the crazy part anyway. There have been quite a few reports of property owners and Dubai developers coming to blows on numerous issues in the past, and unless there is a large charge from Dubai real estate developers any time soon, don’t expect such problems to go away fast! Emaar has in the past hit the headlines for giving residents at the Greens and the Lakes, who were renting apartments, only 2 weeks to move out or purchase their property for the going market rate, and this is only really the tip of the ice burg.

Only recently residents at Jumeirah Beach Residence one of Dubai properties biggest developers were hit by what they saw was a unreasonable services charges price rise from the developments management company. The 129% increase did not go down well, but the management company has since said it would look into improving efficiency to bring this down. The newest development to see residents displeased with what their developer has decided to change is the Greens Community. So what is the uproar about this time? Well it seems developer Emaar has decided to replace grass in some of the central court yards with artificial grass. It seems Emaar has deemed the move necessary to fix some leaking water from entering underground garages. However residents don’t seem to agree with the changes and now an online petition has been started to voice resident’s displeasure at the changes. With a 100 signatures already collected there are clearly a good deal of people not happy with the move, but Emaar is going ahead as planned anyway.

Emaar states the work is necessary, and only a small area is being changed to artificial grass, and the Greens will still retain much of its landscaping. However it is understandable that residents at a development called ‘The Greens’ are slightly uneasy with their greenery being replaced with plastic!

You can also download our free e-Brochure here today.

Three Dubai Property Developers Announce Plans Of Handing Over This Week.

Dubai Property (Real Estate) — Tue, 03 Mar 2009 01:06:39 -0500

This week has seen not just one, nor two, but three different Dubai property developers looking set to hand over freehold properties in the Emirate. The delivery of the properties will be a relief to investors in the projects, and with all the recent project cancelations from Dubai developers in response to tightening credit and the property market crash, it could be a while before we see such a large delivery of property at the one time such as this. So what developments can owners expected to very shortly be receiving the keys for? Well to start is Damac’s second completed tower at Jumeriah Lake Towers, Lake View Terrance. The 40 storey tower, housing some 536 apartments has already received its certificate of completion. Overall the project looks to have been a big success, and now only 10 apartments remain for sale in the tower, and with the difficult market conditions, Damac are offering special incentives for those who purchase the units. The handing over of the tower marks the end of Damac’s 2008 property phase where it brought over 2000 units to the market with more expected in 2009/10.

But Damac are not the only Dubai real estate developer who will be celebrating this week, as Dubai’s largest developer Nakheel has also announced it will be starting to hand over some 300 villas at Jumeriah Village this week, in what is just the start of a larger handover that should see over 2200 villas at the development ready for occupation by the end of 2009. With 96% of available villas already having being purchased the development has proven very popular and once fully completed should be home to 300,000 people and cover 811 hectares! And also keen to get in on the handover act this week is Cayan Investment and Development. Whereas the above two developments are introducing freehold residential real estate to the market, Cayan will be delivering 12 stories of freehold commercial property to what is currently an undersupplied market.

The AED 120 million Cayan Business Centre project at TECOM has offices available for rent still, and offers super modern office facilities and the building features a huge glass atrium at its centre. So this week will see a lot of happy owners take possessions of their properties, but how long it will be before we see such large handovers again for Dubai properties is anyone’s guess.

You can also download our free e-Brochure here today.

Will Dubai Property Home Owners Associations Satisfy Residents?

Dubai Property (Real Estate) — Tue, 03 Mar 2009 00:16:05 -0500

The Dubai property market is really in a bad place at the moment, with Dubai’s property developer’s struggling to attract buyers in the harsh financial climate. It is not exactly surprising given the world’s economy is as bad as many can remember, and people are being made redundant left right and centre. This combined with Dubai properties already being on the edge due to speculation created somewhat of a perfect storm. The results have seen sales of Dubai freehold real estate slump. With big restrictions on credit, plus many companies in Dubai downsizing and making workers redundant, it is a pretty hard environment at present, and as a result has left the Dubai government which a large responsibility to sort out the whole mess. No easy task it would seem. But could good actually come of all this for Dubai residents?

The government has been introducing all kinds of new legislation and regulations to make living and buying Dubai property more appealing. One long standing complaint of Dubai residents has been the handling of property service charges. Up until now residents were forced to hand over sums of money for the upkeep and maintenance of their properties communal areas. They were given no say in how this was run, and often had to deal with large price increases from the property management companies employed to run the schemes. The lack of a say, and the price increases have never been popular with residents, but this should now be set top change with the new ruling that the responsibility to carry out such work will now rest with Home Owners Associations. Residents, via the home owners association, will now themselves be responsible for the running and looking after of their developments and will have to decide on things suchs as maintenance costs, service contracts and such.

This all sounds good and well on paper, as it is what residents have been asking for, for some time. However how will it play out in reality? It is now for residents to step up and take responsibility for these things, but will people be willing to do so? Those who run the home owners associations will be expected to give up their free time and will have to deal with the extra pressures involved in such things, all on top of their day jobs and family lives. Hopefully Dubai real estate residents will be wiling to step up to the task, but maybe for some the reality isn’t quite as good as what they had hoped for.

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Dubai Property Investors Urge RERA To Act

Dubai Property (Real Estate) — Sat, 14 Feb 2009 23:39:48 -0500

There is no denying it; things are hard in Dubai at the moment. For a place that sees sunshine almost everyday of the year, the city has an air of gloom around at the moment. The world financial crisis and resulting residential freehold property crash has seen a number of companies downsizing and laying off workers, whilst many developers are putting projects on hold. With no idea of how long the current financial downturn of the world markets will last, people in Dubai have a lot on their minds.

The Dubai real estate market lies at the heat of the problem, having a knock on effect all across the city, and with investor confidence at an all time low, things will probably need to chance here first. The importance of the freehold property market to Dubai cannot be underestimated, so the comings and goings have wide ranging implications for the city. And now the Dubai Property Investors Group is pleading with the Dubai Real Estate Regulatory Agency (RERA) to ensure the future prosperity of the Dubai real estate market before it is too late.

The Dubai Property Investors Group is made up over 300 lawyers, investors and developers, both local and international, who have banded together in an effort to encourage the Dubai Government to take action for the good of the property market. With so many developments currently on hold or cancelled, with a recent estimated worth in the hundreds of billion of Dirham’s, the investors are asking the government to guarantee projects from developers that are now unable to proceed with construction despite already having accepted payments from buyers. They are asking that all payments to developers’ be stopped until there is evidence that developers can deliver on contracts and promises in what are financially difficult times.

The investors argue failure to act now and route out bankrupt developers will just lead to a continuing in the property price falls current being witnessed. They also are asking that the Dubai government hold back a number of planned larger projects such as Dubailand, so as to ensure there in not an oversupply of property to hit the market which would further hit property prices. Good idea, bad idea? It is hard to say. Should a government play such a large role in manipulating property prices? Will the Dubai government even listen? How this plays out we will have to wait and see for the future of Dubai properties in general.

We also cover more Dubai Property news here.

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Dubai Sports City Edges Closer To Completion

Dubai Property (Real Estate) — Sat, 03 Jan 2009 00:39:16 -0500

The massive tourism and entertainment park Dubailand has plenty going on and has a vast array of project to offer tourists and property buyers alike, so it says a huge deal for Dubai Sports City that it is the one project to generate the most interest. Since its conception, Dubai Sports City has attracted an almost constant stream of media interest both for its world class sporting facilities but also for its wide ranging and high quality freehold real estate. Dubai Sports City has certainly been one of the most successfull projects to launch for Dubai property, so when other projects are meeting with delays and cancelations it should not come as too large a shock to hear Dubai sports city is moving towards completion. Everything here is running on schedule and it won’t be long at all until facilities here start to welcome guests and participants.

In fact the 50 million square foot development which features both commercial and residential real estate will start hosting tournaments in the first half of 2009! The World Hockey Academy will open in March and will then host the Asia Cup tournament in May. Costing AED 14.7 Billion, Sports City will focus on 5 major sports but will feature academies and facilities for a huge range of sports and activities. With a Manchester United soccer school, Butch Harmon Golf academy, David Lloyd Tennis centre and the International Cricket Council will have a headquarters here; Dubai Sports City has attracted some of the largest names in sport. There is even an 18-hole Ernie Els designed golf course! All of the academies will be opening their doors and accepting clients in 2009. Things here certainly are moving along quickly, and the middle of 2009 will then see the opening of the ICC academy and the soccer school.

But it not just sports facilities here that are worthy of note. With a wide array of apartments here plus luxury villas just off the golf course, Sports City has some of Dubai’s most popular freehold real estate. With a layout design to facilitate easy movement around the project plus a strong focus on providing a healthy and fun living environment on top of a wide variety of shops and facilities, Dubai Sports has a large amount to offer both property and sports enthusiasts.

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Dubai Property Developers Call For Visa Change.

Dubai Property (Real Estate) — Fri, 02 Jan 2009 01:21:27 -0500

There is no denying that the Dubai government certainly got things right when they decided to open up the property market here in 2002, allowing foreigners to purchase freehold property in new development areas. Previously foreigners were unable to do so, so 2002 was the start of what has now turned into one of the most well know and admired property markets in the world. Not only has Dubai become a must see holiday destination but with all the great freehold real estate on offer plus a great living environment, it has become a popular place for people all over the globe to live. And it is all this foreign investment that as resulted in likes of the Burj Dubai and the Palm Jumeirah being built, and has allowed Dubai to truly prosper. So it was a little bit of a surprise when the Dubai government decided it was to change the regulations surrounding foreign visas and property purchases.

Previously developers were able to issue visas to foreign investors who purchased a residential or commercial freehold property in Dubai. It was this 3 year renewable visa issued to expatriate investors that really helped attract people from a round the globe to buy property in Dubai and helped make Dubai property a huge success. Despite this the Dubai government decided earlier this year to take away this privilege from Dubai developers. However since then things in the Dubai property market have changed quickly. The last few months have seen Dubai property go through its first downturn, something which was once considered unthinkable. But the reality of the situation is that now the Dubai property market is in a bad way, with very little selling. With the situation as it is, Dubai developers are now calling for a change in the law back to what it was in 2002.

Whilst just this won’t be enough to turn around the fortunes of the Dubai property market, anything that can help promote investment in Dubai real estate at the moment should be encouraged. The Dubai government is currently looking at a number of ways to help get things here back on track, and reinstating the property visa would certainly be a good place to start.

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Dubai Developers To Work Tighter To Hold Back Property

Dubai Property (Real Estate) — Tue, 02 Dec 2008 19:56:59 -0500

The Dubai government has recently hinted it will work towards holding back some the Dubai property that is currently under construction in order to maintain a healthy level of new property supplied onto the market, and to help strengthen the property market in what are testing times all around. The idea is to manage the supply of new properties coming to market to ensure there is no large influx of properties which current market demand levels could not account for, and that could lead to a further reduction in freehold property prices. Is such an idea workable under the current market framework? Well we can’t be totally sure, but with Dubai’s 3 main developers controlling somewhere in the region of 70% of the freehold property within the Emirate, then this is the place to start.

And this is exactly what the Dubai government through its advisory council has planned. By cooperating with the big three developers, Emaar, Nakheel and Damac, the hope is everyone can work in synergy, and pull together to ensure a suitable and sustainable level of supply for both now and in the future. The council has highlighted the fact that real estate market are cyclical markets, and by taking measures now, Dubai can help itself overcome problems now and in the future that could possibly rise from an oversupply of property. The government will also work with the smaller private developers in order to cover all angles and ensure maximum effectiveness in its efforts. Quite what those outside of the Dubai properties market think of such government involvement is anyone’s guess, but if it proves effective no one here will be complaining! With things getting tough, any help to get the market back to where it was a few months back will always be viewed as a positive thing.

With the current market situation all developers have been readdressing their future development plans, especially with the recent liquidity difficulties that have arisen when trying to secure project funding. This has seen the likes of Emaar offer rent to own schemes, plus now allowing owners to sell properties before having paid 30% of the properties worth. If this is enough to help ensure strong demand remains to be seen, but it is reassuring to see all parties working together for the benefit of the Dubai real estate market.

You might also want to check out my Dubai photo gallery for some images of interest.

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Citigroup Backs Dubai Property.

Dubai Property (Real Estate) — Sun, 30 Nov 2008 23:24:03 -0500

With so much financial uncertainly now casting a large shadow over the world, speculation as to what will happen next continues to run rife. These are difficult times, with much contradictory information being thrown about. And this is certainly the case in the Dubai real estate market, which has seen contradictory reports on the future of property prices here for some time now. A quick scan of some of the Emirates property headlines reveals one article claiming Dubai property agents believe the negativity of the current market situation is being overblown, only for another article to claim most agents are really struggling in the current financial climate. With the media far from unanimous in their opinions at present, it therefore becomes difficult to get a real understanding as to what is really happening in the Dubai freehold real estate market. However there are some good noises coming from the latest Citigroup report on Dubai property.

The report whilst detailing some of the current realities to befall the Dubai real estate market does go someway to backing the strength of Dubai property, ruling out a collapse in the Dubai freehold property market. Whilst allowing foreigners to buy property in Dubai has opened up all kinds of doors for Dubai and the surrounding Emirates, this plus the large mortgages up for grabs only a few months ago has lead the sector to become somewhat exposed in this difficult time. And with banks now requiring high equity payments on any loans taken out in order to cover themselves, the resulting effect has been a reduction in real estate demand. However importantly the report highlights Dubai’s ability to closely monitor supply to the market as a key factor as to why Dubai can avoid any property crash.

So whilst the past levels of growth will not be sustainable for the time being at least, careful management of property coming onto the market will play a key role in Dubai property weathering the current financial storm. The report also states it believes Dubai properties to be too important, and to holds too much value to fail in a property crash. Therefore the report, whilst hardly the final say in the matter, does give some substantial backing to the strength and long term investment potential of Dubai property, which can only be a positive thing.

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Short Term Fully Furnished Apartment 2 Bedroom Plus Study Greens Dubai

Dubai Property (Real Estate) — Thu, 13 Nov 2008 21:31:20 -0500

Luxurious apartment for rent in the Greens Dubai, 2 bedroom plus study fully furnished to the highest standards with all furniture from The One, flat screen tv`s, internet, maid once a week.

Bake ware, Kettle, Cookware, Cutlery, Electric Kettle, Tea Sets, Toaster, and Utensils.
Plasma TV’s throughout as well as full satellite system, surround DVD entertainment system, CD system, and high speed internet access 24 hrs in all rooms. The apartment is also serviced with a maid.

There is a beautiful full sized swimming pool 2 minutes from the apartment with a gym next door to this.
Only minutes away from Choitram, KFC, Cafes, Community Center and right Opposite Dubai Internet and Media City.

If you are looking for a lovely serviced furnished apartment this is ideal.

Call 050 534 8307.

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One Business Bay - Bayswater

Dubai Property (Real Estate) — Tue, 23 Sep 2008 04:17:17 -0400

Plans for Dubai Business Bay are undoubtedly impressive, but what has just been an amazing project down on paper is now actually starting to take some shape in reality. I don’t think many people would question the future success of this freehold property development, as it certainly looks set to become the businesses centre of Dubai and then the Middle East. With a huge array of property developers with projects here, plus an infrastructure dedicated to the maximization of business and commercial activities, Business Bay has a lot going for it.

With numerous business incentives, and a wide selection of offices, any firm who desires a presence in the Middle East and beyond is looking into buying at Business Bay. Some of the most stand out buildings to be announced at Dubai Business Bay have come from Omniyat properties. This multi award winning property developer has consistently proven its worth with numerous innovative and breathtaking buildings. And Omniyat’s offerings at business bay have been no different

So what projects are we talking about? Well chances are you may have already heard about One Business Bay and Bayswater. Well now both these projects are really starting to take shape, with structural work now complete on both, allowing all to see what these buildings may look like when completed. Starting with One Business Bay, this AED 520 million Dubai property project is set to closely resemble the appearance of a cut diamond, and will stand tall at the entrance to Dubai Business Bay. This 30 storey tower is set to combine style with the latest technology, in what will surely be one of Business Bay’s most futuristic towers. With easy access to and from the building, plus the latest in business and management systems and other high technology such as VoIP, the tower really isn’t lacking in anything.

And Bayswater isn’t all that bad either! Although slightly smaller than its elder brother at 25 stories, this AED 325 million tower still has a lot to offer businesses and freehold property investors alike. Again with a strong focus on style and function, Bayswater looks to offer a brilliant working environment that is situated on a prime waterfront location. And on top of great views over Business Bay and the surrounding area, you can also expect cafés, restaurants and shops at this waterside location. If the rest of Business Bay can live up to the standards set by these two freehold projects then Dubai property is in for a real treat!

Are you in the market to buy or sell Dubai property? Contact us today!

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Hillary Swank to Help Launch $1.49 Billion World Dubai Project

Dubai Property (Real Estate) — Sat, 20 Sep 2008 06:02:26 -0400

Dubai keeps reeling in the big names to launch with a bang, and the latest project to be released on the World Dubai will be no different. At just under $1.5 billion the Aquitainia project is certainly no small undertaking, and as a result has gone about seeking a big Hollywood name to fully do it justice on the publicity and marketing front. And in double Oscar winner Hillary Swank they may just have a name big enough for this luxury and supper exclusive resort. Launched as a joint project by developers Select Properties and Select Group, the development will be launched at the Grosvenor Hotel on the eve of Cityscape. So the project has the celebrity endorsement that has become so popular in Dubai of late, but what does the Dubai property project actually involve?

Set to become one of the most sought after and exclusive developments to be released in Dubai, Aquitainia is not just the one island, but in fact is a double island project, that will in total cover around one million square feet on the Nakheel made World Dubai freehold project. Aiming to recreate the mood and feeling of countries Spain and France, the resort looks offer buyers their own little piece of this unique and much publicized development.

For those of you unfamiliar with the World Dubai, the project by Nakheel properties looks to offer buyers a home on one of 300 man islands located 4 Kilometers of the cost of Dubai in the Arabian Gulf. And why is it called the world? Well, because just building man made islands out at sea is just a little to normal for Nakheel and Dubai! So to make things a little more interesting, the islands are laid out so as to form a map of the world! And clearly it worked, as everyone from Brad Pitt to David Beckham is rumored to have purchased freehold property here!

Nakheel has also been responsible for Dubai’s other man made islands projects such as the Palm Jumeirah, but The World Dubai takes things to an even high level. With being located out at sea, you cannot simply drive onto the project, with access by air and sea only! So for those looking for peace and privacy, the World Dubai can certainly deliver!

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Burj Dubai Continues To Set Record Highs

Dubai Property (Real Estate) — Thu, 04 Sep 2008 06:06:28 -0400

The world’s tallest building is continuing on its path up into the Dubai sky, and has now reached a height of 688 meters! Already having broken most records out there, the building is still increasing in size, currently standing at over 160 stories! Many Dubai residents have watched with awe as this spectacular tower has shot up at an impressive rate, and it now dominates the Dubai skyline.

Built by Dubai developer Emaar, the Burj Dubai is set to become a new landmark of Dubai’s continuingly prosperity and innovative real estate projects, and is already recognized around the world. It is probably no surprise therefore that freehold real estate in such a landmark property does not come cheap but has caused a frenzy in buyers and investors flipping to sell Dubai property in the burj. So what does the project actually involve?

Constructed by experts in the high rise field, South Koreas Samsung Co, and designed by US based Skidmore, Owings and Merrill, The Burj Dubai brings together experts from around the globe, to help build this unique property. The tower, situated just off Sheikh Zayed Road, forms the centre piece of Emaar’s sprawling Downtown Dubai project.

The mixed use freehold development features numerous freehold property towers and soon to be world’s largest shopping mall, but it is without doubt that the Burj Dubai is the centre of attention here. The final height of the building has not been released by Emaar but they have announced it will be over 700 meters! But at its present height of 2,257 feet, it certainly seems tall enough already!

Featuring the world’s first Armani Hotel, plus apartments designed by Armani, the interior of the Burj Dubai promises to be as impressive as the building itself. There will also be numerous restaurants, cafes and leisure facilities for residents here, plus a viewing deck, to take advantage of the surround views. Apartments here will feature some spectacular views out over Dubai, and have become some of the most sought after freehold real estate in the world. And all this attention, and it has yet to reach its final height. As it continues to approach the 700 meter mark, you can rest assured that this is one building that will not be leaving the headlines any time soon!

If you are looking to either buy or sell Dubai property let us guide you contact us.

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Dubai Property Bubble

Dubai Property (Real Estate) — Tue, 02 Sep 2008 12:14:03 -0400

The Dubai property market has been on the up for a while now, with prices having risen rapidly in the 7 years or so that the market has been opened up to foreigners. However the big question at present is if the property bubble is now about to burst? With the media reports in regards to the Dubai property market differing widely in their predictions of the extent of the problem, what is really the state of play in the property market, and should property owners and investors really be worried when looking to buy or sell Dubai property?

Have no doubt about it, those who took the initiative and got in on the Dubai property market did very well for themselves. With Initial prices a fraction of today’s market value, those who saw the opportunity of the Dubai property market early have reaped the benefits of their foresight. However is it really all about to go wrong? With prices having increased to such an extent that Dubai property for the most part can’t be called great value any longer, is the property bubble set to burst many investors Dubai dreams? Well the answer, like most things is not straight forward. Sure, many media outlets are predicting the bubble to burst, but then people have been suggesting the freehold real estate market here was on its was down for a while now, and nothing has come of it.

Dubai has achieved so much in so little time, and not just in regards to the real estate market, but in terms of the city as a whole and its tourism attractions. Dubai is a place that gets things done. Looking around the city, it’s almost impossible to believe so much has been achieved in a decade. Dubai is not a place that does the normal way, nor does it do things by the books. A lot of the rapid prices increases seen in the market have been down to investors making quick money by buying and then quickly selling on property at a profit. But with new regulations in place to prevent such practices, the positive effects on the market are already been seen. Property prices are still increasing, but now seem to be doing so at a slower and more sustainable rate. The Dubai Government will no doubt closely monitor the situation, and implement measures to reduce the likely hood of the property bubble bursting.

Whilst its impossible to predict what will happen in the future, at the moment all the speculation and worry in regards to the Dubai property market seems a touch unfounded, and should not be setting alarm bells ringing for investors and home owners just quite yet.

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