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Property Prices In Dubai Still Offering High Premiums

photo Mark Wallington

Dubai MarinaIt’s no longer really much of a secret that Dubai off plan property offers a great investment for those looking towards property. It has long been broadcast that the premiums obtainable on off plan property offer investors the best bang for their money. With an estimated 9 out of every 10 property buyers preferring off plan property in Dubai real estate, many might be right to question why?

Well you can brand around many reasons, but the simple fact it that freehold off plan property will obtain premiums just not possible with already completed property. From an investment perspective, even now in the Dubai property market, good returns can still be seen on off plan property. Sure, in today’s market climate you have to be a little more clever and…

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Posted: 2 weeks ago, Comments: 0, Average Rating: Views: 119

Is The Dubai Property Bubble Really Set To Burst?

photo Mark Wallington

Burj DubaiSo what’s all this talk of the Dubai property market cooling then and the so called "bubble" set to burst? Once again it’s in the news that Dubai freehold property prices are set to slow, with some going on to suggesting a 10% drop in prices over the next few years. This may prompt some of you to ask, but haven’t we heard all this before? And the answer would be yes! Yet freehold property prices have remained buoyant, and in 2008 saw a 25% increase in the first 6 months alone. So what is going on you might ask?

Well its certainly become well known that Dubai real estate has seen some pretty crazy price increases since the Dubai Government announced freehold property ownership back in 2002. The Palm Jumeirah offers some of the best examples of the sort…

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Posted: 2 weeks ago, Comments: 2, Average Rating: Views: 261

Dubai Launches AED 1.7 Billion Dream Harbor Project.

photo Mark Wallington

Dubai U.A.E.Dubai Waterfront has been attracting all kinds of interest since it was first announced to the world. Initially very little information was available, but now more and more developers are announcing their plans for this truly breathtaking project. The Dubai Waterfront will become yet another icon of Dubai real estate alongside the likes of the Palm Jumeirah and Burj Dubai. With developer Nakheel the master developer behind the project you can rest assured of it surpassing expectations. The mega project will consist of a number of different zones and combine freehold property from a range of developers.

The has now stepped into the foray, with its AED1.7 billion Dream Harbor Project. The developer already has other freehold projects in Dubai Business…

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Posted: 2 weeks ago, Comments: 0, Average Rating: Views: 159

Al Furjan By Nakheel

photo Mark Wallington

Nakheel DubaiMajor developer Nakheel has just announced a joint venture freehold project with Al Shafar Transport and Contracting Company.  The partnership is for the construction of around 300 villas within the Al Furjan development. 

Al Furjan is one of Nakheel’s latest projects, and will be located close to other established Nakheel developments such as Jumeirah Islands and Discovery Gardens.  This popular district of new Dubai real estate is proving a popular district with many freehold buyers, and this latest project of a villa community is expected to compete with the nearby Emirates Living Community by Emaar.  The entire Al Furjan project will feature approximately 4000 homes when complete, with multiple agreements with other constructions firms to contribute…

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Posted: 1 month ago, Comments: 2, Average Rating: Views: 269

The Maysan Towers Dubai

photo Mark Wallington

DubaiAnother week, another property announcement.  The latest news is the release of another Emaar project, but this time in partnership with other developer Bawadi.  The Maysan Towers will be a joint venture between the two major developers that is a part of the Asmaran community in Dubailand.  The major Dubailand development covers an amazing 30 billion square feet, meaning that a large variety of developers are currently involved in planning their own projects within the development.  Emaar and Bawadi will completely develop the Asmaran district, and Maysan Towers will be an important Dubai real estate project within this highly awaited community.

The Maysan Towers will be a residential project of three high-rise towers, of 30, 26 and 234 storeys.  The…

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Posted: 1 month ago, Comments: 0, Average Rating: Views: 276

Dubai Rents To Fall (In 5 Years)

photo Mark Wallington

DubaiFinally, there is news that rents will start to fall in Dubai, you will just have to wait five years though.  Latest speculation on the state of the Dubai real estate rental market is that the supply and demand will eventually even out, to the benefit of residents that pay huge amounts in rental costs, but this will not take place for another five years. 

As all residents know, the freehold market is currently busy with projects that are expected to be completed across the next few years, but nothing is expected to be complete this year apart from the Dubai Mall at Downtown Dubai.  All major projects have dates around 2010 onwards for completion, and once a large amount of property is finally available for residents to move in, combined with new rental…

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Posted: 1 month ago, Comments: 0, Average Rating: Views: 227

Dubai Mall U.A.E.

photo Mark Wallington

DubaiDubai is widely recognised for great shopping.  With the Ibn Battuta Mall located near key freehold developments like Discovery Gardens and Jumeirah Islands, while the Mall of the Emirates is close to the Palm Jumeirah and Dubai Marina two of Dubai real estate`s main projects, the latest shopping mall that will open in Dubai will be in the middle of Downtown Dubai.  The Dubai Mall, which will be Dubai’s largest shopping mall, and the largest in the world, is set to be opened in August this year.

Multiple attractions are a feature of Dubai’s shopping malls, and the Dubai Mall will be no exception.  With over 1200 retail outlets, including major stores and two flagship department stores, this will be the largest retail space in the world, covering a massive…

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Posted: 1 month ago, Comments: 0, Average Rating: Views: 231

Jumeirah Village Project Update

photo Mark Wallington

Dubai Jumeirah VillageOne of Dubai’s most awaited freehold projects, Jumeirah Village, has now hit a major milestone in development.  The project by developer Nakheel, is expected to contribute a significant amount of new freehold units to the Dubai real estate market, where demand still seems to be outstripping supply.  The development is expected to be released to the first residents by the end of 2009 or early 2010, and this news is a great relief to the many investors within the project.

The major milestone that has just been reached is the completion of infrastructure within the development, now 60% complete.  This is an excellent achievement in a market where other freehold and rental properties have been heavily plagued by construction delays.  The Jumeirah Village…

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Posted: 2 months ago, Comments: 2, Average Rating: Views: 359
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Mark Wallington

Mark Wallington We are a leading Dubai Property company who specialise in helping our clients and investors who are looking to buy or sell Dubai property in the local market, feel free to contact us for more information. Read More

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