Dubai Real Estate - Dubai Property

5 Reasons Not To Panic Sell Dubai Property

All real estate is cyclical. Dubai property may have thought it was on a different level to all those other real estate markets around the world that have their highs and lows, but the last few months have certainly been a humbling experience and have brought expectation down to earth. However all this has shown is that the market does in fact act like any normal property market. Now normal isn't something Dubai normally does, but now this fact had been realized it should have a positive effect on long term expectations and hopefully reduce the high levels of speculation previously seen that has lead to so many
problems.
Tighter regulation. It can be easy to forget how young the Dubai property market actually is. A lot has been achieved in a very short time, and as a result the legal side to property deals has often got left behind. The Dubai government has been taking steps to tighten the legal side of things and to make deals more transparent, and as a result the property law side of things has steadily been improving. And the Dubai government has now taken things a step further and set up an advisory council which will work with Dubai's developers to ensure a controlled and sustainable flow of property onto the market, so as maintain a healthy balance between supply and demand. This should in future allow Dubai to control property here much more closely and avoid any large property crash due to too much property flooding the market at one time.

Dubai is still a great place to live. Dubai became a freehold real estate hot spot due to a number of reasons, but you can bet the life style and living environment on offer certainly ranks highly in a list of reasons. Very few places can boast to offer a similarly glamorous lifestyle as the Emirate of Dubai. Not only is there year round sunshine and beaches, but Dubai has world class shopping, some of the best hotels and restaurant anywhere, plus a vibrant night life that would keep even the most avid party goer happy. Add in the fact there is no tax on your earnings plus the fact Dubai is one of the safest cities in the world, and as an all round package it is pretty hard to beat. And none of this has changed. Property prices may be on the down, but with so much to offer Dubai will remain a popular place to purchase property, and as a result property will remain strong.

Demand looks set to outstrip supply. A critical factor to any markets success is the demand for a product and the level of supply available to the market. Well despite all the building that is going on around the Emirate, predictions still see Dubai as having a supply shortage in the next few years. Whilst the accuracy and validity of these predictions is not totally clear, if this does prove to be the case then it won't be long before prices start to rise once again. One thing that cannot be called into doubt is that Dubai is a city that is growing at a rapid rate. So much is planned here both in terms of tourism projects like Dubailand and also with business ventures like Dubai Business Bay and the Dubai International Media Production Zone. With tourists and business viewing Dubai as a place that demands attention then things here can certainly be said to have a strong future. Dubai has locked its sights on becoming the business capital for the Middle East. And with all its business incentives, companies certainly view it as an attractive place to set up office, and if this is so, then the rest will follow.

will continue to attract attention. If there is one factor that plays a significant role in any business or markets success it is remaining attractive and in the media spotlight. And Dubai doesn't look set to give up the lime light anytime soon. Since the launch of the Palm Jumeirah Island back in 2002, Dubai has rarely been out of the media spotlight, and with all the freehold property projects still to come, media interest in Dubai will remain strong. Dubai real estate has been the best marketing tool for Dubai as a whole, something the government here knows all too well. With the Burj Dubai closing in on completion somewhere around the 800 meter mark, there are already plans for another 1000 meter tower to dwarf even that! This and the huge Dubai Waterfront project plus Dubailand will ensure Dubai remains in the news and in people's consciousness.

All these factor go some way to showing why despite the current downturn; have a bright future. Whilst the current price slump has caused many to flee the market place, those who are here to invest for the long term have plenty to remain optimistic about.

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Schon On Track

Buyers of Schon properties had been left sweating for a while as rumors about Schon's developments future and feasibility did the rounds. With so many projects being delayed or canceled throughout it is understandable that those who have invested money into such projects should worry. However Schon properties have recently announced that despite the fact other developers may be struggling in this current market environment, Schon themselves remain unaffected and as a result buyers of Schon properties can rest assured their home is in the safest hands. With some high profile and much anticipated freehold real estate projects being built by Schon such as the Dubai Lagoon Community, the announcement has been well received.

With the market taking a larger turn for the worse than many had anticipated, a lot of companies have been caught out. But Schon can enjoy a position of having no borrowing or liability, and therefore has been able to sidestep many of the issue other developers are currently having to fight against. The developer also will not be so badly affected by a reduction in sales, with most of its projects already 75% pre sold; consequently putting the company in a very strong position. This therefore can perhaps go some way in the present climate to sending out a positive message with regards to Dubai freehold real estate. In fact Schon properties have actually welcomed the correction as a positive thing for the future of and it is hard to argue with. With the speed of property expansion and real estate growth now slowed but not stopped, it will allow the market to solidify and should prove beneficial to the long term sustainability and health of the marketplace.

With freehold projects such as the above mentioned Dubai Lagoon development plus Schon Business Park, Libertas, Schon Suites and Schon Residence, Schon's vision of providing a range of flexible property within reach to a large number of buyers throughout Dubai, looks set to continue. With the announcement all those who have bought into Schon Properties vision can breathe a collective sigh of relief, as with some good planning and organization from Schon, all projects development is set for full steam ahead.

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Dubai Waterfront Property

Waterfront property is prime real estate in Dubai, and there are plenty of waterfront apartments available on the Dubai property market if you have the right budget. With an extensive coastline along the Arabian Sea, a beautiful manmade marina in the heart of new Dubai, and the Dubai Creek running straight though the city, Dubai has plenty of waterfront to choose from. The price of freehold has increased over the past few years; however, buying a waterfront apartment offers the breathtaking vistas and luxury lifestyle that are worth the extra money.

The most popular place to own a freehold waterfront apartment is Dubai Marina. This extensive engineering project covers a large chunk of new Dubai, and features a mixture of low-rise and high-rise buildings, luxury hotels and plenty of shops, cafes and restaurants. The project is home to a large number of freehold apartments that look out over the Marina and the Arabian Sea. Some of the freehold apartment projects available here include Dubai Marina Towers, Marina Crown, The Waves, Residencia del Mar, Marina Sail, Marina Terrace, Oceanscape, Al Seef Tower and many more. This is truly the best location for property investors that want to locate right next to the waterfront, and all the apartments here are spacious, with excellent facilities and surrounding amenities.

Beachfront property is a lot rarer, and only a few freehold developments are currently completed on the beachfront. While the future promises to bring many more beachfront apartments to the market such as The Waterfront and Palm Jebel Ali, there are currently the Jumeirah Beach Residences and the Palm Jumeirah. The great thing about Jumeirah Beach Residence is that is covers both the Dubai Marina and the Beachfront, with a key location between the two and apartments of all shapes and sizes to suit most property buyers. The Palm Jumeirah, has a selection of low-rise luxury apartments that line the trunk of the palm, and residents get excellent views out over the sea. For property buyers with money to burn, there are also the World Islands, strictly for the ultra-wealthy.

The Dubai Creek will soon be extended even more into the heart of the city, and with that, there will be more freehold property sitting alongside it. At present, the key freehold property adjacent to the Creek is Emaar Towers, one of the earliest freehold apartment projects and still in a unique location on the Deira side of Dubai. When the Creek is extended, it will run through, a massive residential and commercial project from Dubai Holding group that will feature waterfront apartments together with waterfront office space, creating Dubai's new financial district. When complete, this will be a popular destination for residents and visitors so buying a property here is a good idea if location is important.

Dubai Real Estate Market

The market has grown significantly since the introduction of freehold property law in 2001, and as a result, there are a large variety of finished developments, and exciting developments under construction. Many expatriates living in Dubai or around the UAE have eagerly be awaiting freehold property law for many years, and now that the Dubai property market is in full swing, most long term residents have opted for owning their own home in the Emirate.

Due to the innovative projects that have been announced for freehold development, there has been a huge increase in interest from overseas investors and the Emirate of Dubai is now regarded as a top tourist destination and top place to own a home. Over the next few years, it will be interesting to see how the Dubai property market develops, as it is such a new market and there is such a diverse variety of projects that are ongoing. From the first freehold project to be finished in Dubai, The Greens, to the most anticipated completions due over the next decade such as Dubailand, the market for real estate has established itself as an increasingly important part of Dubai's long-term growth strategy.

Key freehold properties that completed on the market right now include Emirates Hills, The Lakes, The Meadows, The Greens, The Views, Dubai Marina, Emaar Towers, International City, Jumeirah Islands, The Springs and Jumeirah Beach Residence. Projects that are in their final stages and home to new residents already include the Palm Jumeirah, Jumeirah Lake Towers Downtown Dubai and Over the next few years, residents will be flooding to developments such as Dubailand, the completed Downtown Dubai development, the completed Dubai Marina, The Palm Jebel Ali and the World Islands.

Property prices in the Emirate have accelerated rapidly over the past couple of years, mostly due to the excess demand for accommodation with new residents arriving in the region every month. More residents and more popularity have caused prices to generally rise, but due to the competitive market for property, there is such a large, diverse market with real estate for every type of budget.
For more information on Dubai freehold property, visit propertyportal.ae for extensive property listings from the most popular developments, or contact our property agents who are happy to deal with any of your enquiries

Off Plan Dubai Property

Business Bay, Dubai Sports City, International City

As the Dubai property market is so new, many of the properties that are for sale are not yet complete. Only a small handful of Dubai's popular developments are actually completely finished. Developments such as Emirates Hills, The Meadows, The Springs, The Lakes and Jumeirah Islands. Even developments such as Dubai Marina and The Greens/Views district are not completely finished due to the many added properties from the originals.

Buying off-plan property is a popular decision on the Dubai real estate market for two vital reasons. Firstly, buying off-plan allows the buyer to choose the fixtures and fittings in many of the properties if they are the first buyer. Property developments such as the Palm Jumeirah, Palm Jebel Ali and Downtown Dubai had this option but future freehold developments will offer the same package. Secondly, buying a property off-plan is usually much cheaper than buying on the second hand or completed market.

Property prices in the Emirate of Dubai have increased at a rapid rate yet many freehold developments that have yet to be completed are available to buy at lower prices than popular developments that are already finished. While waiting to see how the property looks when finished is good protection against buying a property that may not be exactly what you want, it does limit your ability to find a bargain property.

One of the most popular developments to buy from right now is Dubailand, the massive mixed-use development that will be a top location when finished. The entire project is not due for completion for a decade, and none of the properties are finished, yet interest in the development is strong.

At propertyportal.ae, we have a large selection of properties that are off-plan and available to buy at the most competitive prices on the market. For more information on off-plan , our property agents are waiting to deal with your enquiries.

Dubai Property Devlopers

An Insight into who`s who on the Dubai market.

Whilst many people around the globe know about the likes of Palm Jumeirah and The Burj Dubai, not everyone is aware of who is behind the great freehold real estate that has become common place throughout Dubai. Dubai has a number of developers involved in the freehold property market, all bringing their own touches to the real estate here, but it is hard to not start with the two largest and best renowned property developers, Nakheel and Emaar.

It is the ingenuity exhibited by these two developers that has really put Dubai on the map. Both have been involved in a number of freehold developments that have captured world wide media attention, and that have allowed for other developers to capitalize on the interested generated. For a start Nakheel is behind the world famous Palm Jumeriah project and its siblings the Palm Jebel Ali and Palm Deira. And it has since added numerous other projects such as the Dubai Waterfront, The World, Jumeirah Village, Jumeirah Islands and . Make no mistakes, Nakheel offers some truly special property which is often sold out to investors the same day of its release.

And not wanting to be left out, Emaar has brought a number of massive projects to the market. The most spectacular of which has to be the Downtown Burj Dubai project, which features as its centre piece the world's tallest building, The Burj Dubai. But the Burj Dubai is only one of many properties here, as with the rest of the development and the likes of its Old Town development, Emaar has brought a huge number of studio, one, two, and three, four bedroom apartments as well as Duplexes and penthouses to the market. Add in that the most popular Dubai freehold residences such as The Greens, The Meadows, The Springs, The Views and Arabian Ranches are all Emaar projects, as is the super exclusive Emirates Hills, and you can begin to see the massive influence Emaar has had here.

Whilst much of Dubai's most popular property is dominated by Emaar and Nakheel, one should not overlook some of the other property offerings from other developers. And with Developers such as Damac, ETA Star and Omniyat, who have properties in a wide range of areas, such a Business Bay, and Jumeirah Lake Towers, you can rest assured of a wide range of designs and comprehensive living options being offered in Dubai now and well into the future.

We currently are launching off plan developments and studio`s from AED 529,000 in Dubai Sports City, Jumeirah Lake Towers, Jumeirah Village and Dubai International City CBD for more information

Jumeirah Lake Towers

Jumeirah Lake Towers has a little bit of everything going on within its 2.4 million square feet grounds. At Jumeirah Lake Towers you can expect to find plenty of freehold property, be it residential or commercial, as well as retail space. It is even home to the Dubai Metals and Commodities centre. And provide all this within short distance from a whole host of other important developments and hotels, and with all its towers set out within green landscaped gardens and surrounded by multiple lakes.

The mixed residential and commercial freehold property development consists of 79 towers, each grouped into 3's around a lake, to provide a total of 23 building and lake clusters. All the Towers within the development will vary in size, being a mixture of 35, 40 or 45 storey. With many of the freehold towers at now complete, the development has to offer some much sought after office space for the Dubai market. Commercial property is undergoing somewhat of a supply shortage, so it goes without saying that freehold commercial property here is very much in demand.

After all, not only are you purchasing office space in modern well equipped freehold buildings, but an office at Jumeirah Lake Towers has the added bonus of a great surrounding environment, and all in a very well located development. After all Jumeirah Lakes Towers is situated on Sheikh Zayed Road, between interchange 5 and 6, and includes Dubai Marina and Jumeirah Islands as neighbors, and the Palm Islands and numerous retail options all within a short distance.

Whilst Business Bay will bring a good deal of commercial freehold property to the market place, it will not be complete for a good few years yet, making Jumeirah Lake Towers the most important new business area for a good while to come. As a result of this, combined with a general lack of commercial office space for sale throughout Dubai and high commercial rental prices, prices at Jumeirah Lake Towers are on the rise. However compared to the current price of renting office space, purchasing property within the development represents a good long term saving, and a great investment opportunity for those more interesting in renting out office space here. In both cases, purchasing now rather than later seems to make the most sense if you are looking for a good investment.