The Gulf has enjoyed a reputation over the past decade as something of an expat hotspot, coming in droves with their sights set on making money, tax-free and lots of it. The shift towards a rising demand for expat accommodation means higher property prices and soaring rents are the result of supply outstripping demand in many areas. Property rents in Dubai are rising at a rate which many are finding difficult to cope with, despite the authorities recently introducing a cap on the rent which landlords are allowed to charge. Many UAE landlords appear to be flouting these new rules with demand for rented accommodation so high, they have no difficulty finding new tenants at the higher prices, prompting expats to consider property in Ras Al Khaimah and the neighbouring emirates of Sharjah and Abu Dhabi.

Continue reading ‘Soaring Dubai Rents Good For RAK and Abu Dhabi’

Dubai’s reputation as top property spot within the Arab emirates is safe for the time being, according to the results of a new survey carried out by AME Info. The AME Info Buying Property in the UAE survey looked at property buying trends and market expectations from across the region, asking respondents their views on where, why and when to buy and rent in this noted and exciting property hotspot.
Continue reading ‘UAE Rising Real Estate Prices’

Fast becoming a regional airport, at the start of 2007, Abu Dhabi International Airport (ADIA), has received a 25 per cent increase of total passenger traffic to reach 1.575 million compared to 1.255 million passengers during the same first quarter period in 2006.

Abu Dhabi is looking ahead to the future, beyond oil revenues and it’s tourism profits that the emirate has in mind. The increase in passenger traffic sits firmly in line with the emirate’s vision of becoming a world-class destination and it’s master plan to foster a thriving market for Abu Dhabi property and a drive for economic development. Continue reading ‘Award-winning Abu Dhabi International Airport Q1 air passenger traffic up 25pc’

Al Mazaya Real Estate Development has launched the first property index in the region under the name of Al Mazaya Real Estate Index.

Shaikh Tariq Bin Faisal Al Qasimi, chairman of the Emirates Investment Group and chairman of Emirates Global Islamic Bank, attended the ceremony where …. Continue reading ‘Gulf’s first property index created’

Luxury lifestyle provider, DAMAC Properties, announced a spectacular “Double Debut� in Abu Dhabi earlier this week with the launch of two prominent real estate projects. Dolphin Towers, a three-tower development, which includes the following, 400 one, two, and three bedroom luxury condominiums and 10 exclusive sea facing townhouses, which will be located within the stunning Al Raha beach development. Oceanscape, an iconic mixed-use development, which includes 184 one, two, and three bedroom apartments with state of the art finishing and 8 townhouses, is due to be positioned on the renowned Al Reem Island.

The prices at Dolphin Towers start at:

1bed 1,123,000 AED
2bed 2,031,000 AED
3bed 2,146,000 AED
For currency conversion click here

 

 

 

The prices at Oceanscape start at:

1bed 1,249,000 AED
2bed 1,896,000 AED
3bed 2,789,000 AED
For currency conversion click here

 

 

 

 

 

 

The two developments have many luxury qualities and are close to amenities. The townhouse properties have their own private swimming pools and are designed with the latest design trends in mind.

Marina Heights has also been launched for the multiple unit investor.

The figures below are launch prices:

1bed 1,206,000 AED
2bed 1,829,000 AED
3bed 2,689,000 AED
For currency conversion click here

 

 

A bit of background to Abu Dhabi; the Capital of United Arab Emirates and the largest Emirate. Since Abu Dhabi is an emerging market there will be capital appreciation potential to be made for investors who buy developments at the initial stages.

Spread across on area of 67,340 kilometres, it is the largest of the seven emirates. Abu Dhabi is the nerve center of United Arab Emirates governmental and economic activates, with most of the federal ministries, majority of foreign embassies and most petroleum companies located there. Abu Dhabi’s oil wealth, which is the highest of all the Emirates, has been wisely utilized to encourage a progressive economy and a healthy trade and commerce atmosphere. The promotion of tourism, trade and industry has further elevated Abu Dhabi to a commendable status in the region.
 
Modern high-rise building, world- class shopping malls and recreational facilities, state- of the art transport and communication services, world – class healthcare facilities, and international educational facilities make Abu Dhabi one of the ideal locations to reside. This thriving city also offers internationally renowned sports facilities including golf, tennis, water sports, horse- back riding, dune driving and sand skiing to name a few. Abu Dhabi is a truly cosmopolitan city with a progressive and tolerant multi – cultural society composed of over 185 nationalities living together. Continue reading ‘Real Estate Boom inspires Abu Dhabi property developers’