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  • Is it worth investing in property in Arabian Ranches 3?

     Mar 07 2019  Arabian Ranches Phase III  Townhouses  Emaar

    Arabian Ranches is definitely one of the most sought after residential communities in Dubai given its central location and a vibrant neighborhood. Since the brand “Arabian Ranches” has remained very popular amongst a large segment of Dubai expat population over the last 12 years, Emaar released Ranches 2 a few years back (which is now almost completed and mostly sold out) and now Arabian Ranches III is the new addition to keep up with the demand.


    So why Arabian Ranches 3 when there are so many new developments around to choose from, is a very potent question for a new investor or first-time home buyer:


    1. Location. Location. Location is what makes real estate investment most lucrative in the long run and Arabian Ranches 3 enjoys arguably the sweetest spot amongst all new townhouse and villa developments announced in recent years. Its even better placed then the original Ranches considering its bang on Sheikh Mohammad Bin Zayed Road (E-311) on the opposite side and is in close proximity to the prestigious brand new Dubai Hills community, which will feature the Dubai Hills Mall. Amongst other advantages it enjoys close proximity and driving distance to shopping malls and tourist destinations such as Global Village, the new Cityland mall, and Mall of the Emirates. In addition, Arabian Ranches 3 is also in close proximity to the schools in Al Barsha, JVC and Arjaan communities. Its also 20 minutes drive to the two airports in either direction and 15 minutes drive from Downtown Dubai. Very very central location. 


    2. The investor-friendly six-year payment plan with only 5% on booking, easy installments of 55% till handover scheduled in April 2022 and 40% to be paid post handover over 3 years provides an affordable opportunity for both end users and investors who wish to make an entry into the housing market without a mortgage dependence or with limited capital. This consideration alone makes the property hugely valuable for any one trying to afford their own property with limitations on capital investment upfront.  


    3. In consideration of the current real estate demands, townhouses in Arabian Ranches 3 show a positive shift towards smaller, albeit, more efficient floor plans and user-friendly spaces, much different to the existing communities in Dubai. Similarly the whole community is way better planned with GREEN spaces surrounded by walking tracks/trails as its central theme, again in keeping with the current market requirements.


    4. Pricing is the absolute key to why Arabian Ranches 3 should be on top of your list as an investment or for end use. With 3 Bedrooms starting AED 1.2 million and 4 Bedrooms starting at AED 1.6 million at such a central location complimented by a very affordable payment plan, the value of the purchase, if not a steal, is definitely way better than the other townhouse projects which are either similarly priced but further away from the city or if a similar location, then at least 10-20% more expensive in pricing at least. In our humble opinion given all the current competition from other developers, these townhouses are being offered at a visible discount pricing wise and in turn will boost the average rate of return when ready for a very healthy profit if resold or a very high ROI yield if rented. End users though will be the majority of purchasers.    


    5. The icing on the cake is the special offer by Emaar at the launch; 50% waiver of Dubai Land Department fees and 5 years waiver on the annual service charges. These savings add further value to the whole package as this opportunity provides the right balance of price, payment plan, affordability, location, quality and branded community.


    Why is it a right time to buy a property in Dubai:


    a. A general boost in the economy is expected within this year and in 2020 because of government and semi government sector spending as EXPO 2020 nears.


    b.  Momentum in property market will be further enhanced by a visible Chinese community purchasing more and more properties in Dubai and this trend is expected to continue and explode post the scheduled visit of the Chinese President to UAE and the announcement of the biggest China Town in the region. 


    c. It makes more and more economic and social sense for expats living in other Emirates to move to Dubai due to price affordability and better built communities.  


    d. The overall improvement in Real Estate regulations and the added lure of long term visas along with the initiatives of holiday homes and time share policies is already providing renewed interest amongst regional and overseas Investors and we already see that as most of these new off plan launches keep selling out in very short time spans. 


    Given the above reasons, such pricing and payment plans provide the best window of opportunity to invest in Dubai. 


    For more information on Arabian Ranches 3, please contact us +971 58 552 6426


  • 4 Year Post Handover Payment Plan on Dubai Properties' Projects

     Aug 28 2018  Serena  Villas  Dubai Properties Group

    Dubai Properties Group has extended its summer promotion of 4% Dubai Land Department waiver, as well as four year post-handover payment plan, till the end August 2018. The buyer will only pay 30% during construction period, 10% on completion, and the remaining 60% is payable over four years post-handover. Over the summer, we have seen a few developers adopting this trend of offering somewhat "rent-to-own" schemes, which have attracted many buyers previously waiting on the sidelines, due to the flexibility in payment plans and additional cost savings. 

    Dubai Properties is offering this promotion on the following projects: 

    • Serena - Bella Casa, Casa Viva, Casa Dora 
    • Amaranta 1, Amaranta 2, Amaranta 3 
    • La Quinta 
    • Arabella 3 

    Serena

    Serena is a new master community by Dubai Properties located in Dubailand. The master community will built in three phases and will feature affordable townhouses and semi-detached villas. 

    • Location: Serena is located at the intersection of Emirates Road and Al Qudra Road (opposite Mudon, next to Al Waha Villas, Behind Arabian Ranches 2).  
    • The community will have a school, mosque, BBQ area, retail center, kid's play area, and community park. 
    • Each phase will feature a different architectural style.  
    • This development consists of two, three, and four bedroom townhouses and semi-detached villas. 
    • SIzes range from 1,472 sq. ft. to 2,659 sq. ft. 
    • Prices starting from AED 1,383,000
    • Completion starting in Q3-2019 (depends on phase) 
    • Service charges approximately AED 3.25 psf

    Amaranta

    Amaranta is a phase with the Villanova master development by Dubai Properties. Amaranta will feature a total of 527 cluster homes, townhouses, and villas. The townhouse phase will include three and four bedroom townhouses.

    • Location: Villanova is a development situated on the south east side of Dubailand. Nearby developments include Dubai Silicon Oasis, Falcon City, Serena, Arabian Ranches, and The Villa. Amaranta will have easy access to E611 (Emirates Road) and is located in close proximity to activity centres such as Dubai Outlet Mall and Global Village. 
    • Sizes: BUA ranges from 1,927 sq. ft. to 2,252 sq. ft.  
    • Completion: Q4-2020 
    • Service charges: AED 2.75 psf (on Plot)
    • Starting from AED 1,416,000 

    La Quinta

    La Quinta is the second phase of Villanova, a master-development by Dubai Properties located in Dubailand. - This phase consists of 3, 4 and 5 bedroom villas. - There are two styles of villas being offered: Mediterranean or Portuguese. 

    • Location: Villanova is a development situated on the south east side of Dubailand. Nearby developments include Dubai Silicon Oasis, Falcon City, Serena, Arabian Ranches, and The Villa. Amaranta will have easy access to E611 (Emirates Road) and is located in close proximity to activity centres such as Dubai Outlet Mall and Global Village.  
    • Sizes: BUA ranges from 2,203 sq. ft. to 3,862 sq. ft.  
    • Completion: Q2-2020 
    • Service charges: AED 3.25 psf (on Plot)
    • Starting from AED 2,193,000

    Arabella 3 

    Arabella 3 by Dubai Properties is a townhouse enclave within Mudon which has launched on April 16, 2017. The project will feature 3, 4 and 5 bedroom townhouses and semi-detached villas. The launch of this project follows on the widely successful Arabella Phase 1 and 2,  which were launched in 2015 and 2016.  Arabella 3 will be a very family-friendly community, with amenities and plenty of green space available throughout. The overall master community of Mudon is considered to be one of the better villa and townhouse developments in Dubai and is preferred by many residents already living in Mudon. 

    • Location: Mudon is located along Al Qudra Road, near E611. 
    • Sizes: BUA ranges from 1,964 sq. ft. to 3,041 sq. ft.  
    • Completion: Q2-2020
    • Service charges: AED 4.96 psf 
    • Starting from AED 1,492,000 

    This offer is valid only till end of August 2018. To learn more and get more details about Dubai Properties latest offer, please contact us at investors@lookup.ae 





  • Serena - 4 Years Post Handover Payment Plan

     Jul 17 2018  Serena  Townhouses  Dubai Properties Group

    Dubai Properties has introduced a new limited time offer on Serena - Casa Viva townhouses. Prices starting from AED 1.38 million. Two, three, and four bedroom townhouses located behind Arabian Ranches II, next to Al Waha Villas. 

    • 50% due until handover, 50% due post handover over 4 years. 
    • 4% Dubai Land Department fee waiver 

    About Serena

    Serena is a new master community by Dubai Properties located in Dubailand. The master community will built in three phases and will feature affordable townhouses and semi-detached villas.  

    • Location: Serena is located at the intersection of Emirates Road and Al Qudra Road (opposite Mudon, next to Al Waha Villas, Behind Arabian Ranches 2).  
    • The community will have a school, mosque, BBQ area, retail center, kid's play area, and community park. 
    • Each phase will feature a different architectural style. 

    About Casa Viva 

    Casa Viva is the third phase within the Serena master development. This phase consists of 2, 3, and 4 bedroom townhouses, as well as 3 and 4 bedroom semi-detached villas.  

    There are six types in Casa Viva:  

    • 2 Bedroom + Maid's room Townhouse. Built up area of 1,877 sq. ft.
    • 3 Bedroom + Maids Townhouse. Built up area of 2,021 sq. ft.
    • 3 Bedroom + Maid's. Built up area of 2,155 - 2,272 sq. ft.
    • 3 Bedroom + Maid's Semi Detached, Built up area of 2,659 sq. ft.
    • 4 Bedroom + Maid's Townhouse. Built up area of 2,216 sq. ft.
    • 4 Bedroom + Maid Semi Detached. Built up area of 2,462 sq. ft. 



  • Special 9 Day Promotion by NSHAMA

     Jul 25 2017  NSHAMA Town Square  Apartments  NSHAMA

    NSHAMA is offering a special 9-day promotion offer starting from August 1, 2017 on all apartment buildings except Rawda.

    The developer is offering a special 10-90 payment plan, with 10% payable up front and 90% payable upon completion.

    NSHAMA Town Square is a mega real estate development announced in March 2015.

    It comprises of mainly affordable townhouses and apartments.

    There are various sizes and layouts available for the apartments.

    Majority of the units in this development are 2 and 3 bedroom units.

    For example, two bedroom apartments can range from 800 -1,200 sq. ft and prices for smaller units usually start around approximately AED 850,000.

    We expect these units to give buyers a good rental yield.

    The developer has mainly offered a 50-50 payment plan, where 50% is paid during construction and 50% paid upon completion.

    Some positives of NSHAMA are:

    Offers some of the most affordable properties in freehold Dubai.

    Mega master-planned development. NSHAMA is a new developer but employs some key former executives from Emaar. The influence of Emaar Properties is evident in NSHAMA marketing, branding and master-planning.

    Superior location to communities on the other side of Al Qudra Road (like Reem by Emaar and Akoya Oxygen).

    A mini city with a very detailed and well thought out master-plan.

    Expected further connectivity through Etihad Rail and a proposed Metro-line.

    Close to new airport / Expo 2020 site / Dubai South.

    From the current availability:

    2 bed prices range from AED 920,888 – AED1,153,888

    3 bed prices range from AED 1,199,888 – AED 1,310,888


  • Special Ramadan 2017 promotion by NSHAMA: pay 80% on completion

     Jun 04 2017  NSHAMA Town Square  Apartments  NSHAMA

    NSHAMA TOWN SQUARE: EXCEPTIONAL PAYMENT PLANS BEING OFFERED DURING RAMADAN

    Any units booked in one of the apartment developments within Town Square during Ramadan will quality for the following payment-plan: 10% down, 10% during construction and 80% during handover (at which time a finance can be obtained from the bank)

    This offer applies to the following buildings: Safi Apartments delivery in March 2018 Zahra Breeze delivery in Dec 2017 Warda delivery in Dec 2018 and Jenna delivery in SEP 2018

    Starting prices:

    1 Beds from AED 750,000

    2 Beds from AED 900,000

    3 Beds from AED 1,200,000

    To learn more, please contact Kashif Ali at +971.50.708.6765 or Gibran Bham at +971.56.408.7616


  • NSHAMA launching 3rd phase of townhouses in early September 2016

     Aug 31 2016  NSHAMA Town Square  Townhouses  NSHAMA

    NSHAMA have announced a new phase of townhouses scheduled to launch in early September 2016.

    This phase (like previous phases of Zahra and Hayat) will offer 3 & 4 bedroom townhouses.

    More information on the project will be disclosed on September 1st, 2016.

    What we know so far is that this will be a major phase launch and the unit prices will start from around AED 1.1 million.

    The down-payment for these townhouses will be 5%.

    More information to follow.

    To pre-register your interest or to attend the upcoming townhouse launch, please contact +971-50-7086765.


  • Special Ramadan promotion by NSHAMA: 30-70 payment plan on select units in Town Square

     Jun 09 2016  NSHAMA Town Square  Apartments  NSHAMA

    During the month of Ramadan, NSHAMA is offering a special payment-plan on select units in Zahra, Safi, Jenna 2 and Zahra Breeze.

    These four projects within Town Square have completion dates ranging from Dec 2017 to September 2018.

    The payment plan for all units is 10% down, 10% in six months, 10% in twelve months and then 70% on completion.

    Starting prices for 3 bedroom apartments is AED 1,042,888

    Starting prices for 2 bedroom apartments is AED 969,888

    There are only a handful of 1 bedroom apartments included in this promotion - podium 1 bedrooms with larger terrace areas with prices starting from AED 808,000.

    For more information on purchasing in Town Square, please contact +971-50-7086765


  • The Villa Q3 2015 Review

     Sep 15 2015  The Villa  Villas  Dubai Properties Group

    In the last 3 months, prices in The Villa project have depreciated an average of 5.7% which is a significant decline in capital values. The average transaction price per sq. ft. across all property types is approximately AED 816 per sq. ft. Rental values remain quite consistent over the last quarter.

    The Villa project by Dubai Properties consists of five types of villas: Cordoba, Granada, Valencia, Marbella and Mallorca. These villas are a little unique as they have consistently offered good value for money. The Villa project has matured tremendously over the past 3 years; today there is a retail area close-by as well as a school. There is also less private construction as there once was (The Villa project has approximately 400 plots which allowed owners to build their own homes keeping into account community by-laws).

    There are a number of factors affecting price in The Villa project: (a) plot size (b) location within the community (c) whether the construction was done by Dubai Properties or by private construction (d) upgrades done to the villa

    Cordoba Villas currently sell for a range of between AED 3.85 - 4.4 million (average price of AED 4.15 million, AED 857 per sq. ft.). Current rental values of Cordobas is between AED 210 - 225,000.

    Granada and Valencias range in price AED 5.1 - 6.0 million (average price per sq. ft. of AED 802). Current rental values range between AED 250 - 285,000.

    Marbella Villas range in price between AED 6.1 - 7.0 million (average price per sq. ft. of AED 790). Current rental values range from AED 270 - 310,000.

    Mallorca Villas range in price between AED 6.5 - 7.5 million (average price per sq. ft. of AED 833). Current rental values range from AED 320 - 340,000.

    Prices in The Villa project have depreciated 12.7% on average from their peak reached in Q2 2014. At current prices, these villas are among the best value for money in Dubai.

    Q3 2015 prices will be updated across Lookup.ae on October 1st, 2015.


  • Falcon City: brand new villas ready to move in on an 18 month payment-plan

     Jul 30 2015  Falcon City of Wonders  Villas  Falcon City of Wonders LLC

    Falcon City of Wonders is now a more mature community consisting of two phases which have about 500 villas & townhouses. The second phase was handed over in April 2015, while the first phase has was completed in 2012 and has a high occupancy rate.

    The developer is currently selling a handful of units that are ready on a payment-plan.

    A prospective buyer can pay a 30% down-payment and move into their villa. The rest of the 70% can be paid over 18 months. Alternatively, the purchaser could work immediately with one of the partner Banks in order to get a mortgage.

    The best part about owning in Falcon City of Wonders is that as a home-owner you will be getting more value for you money when compared to purchasing in other more well known communities such as Ranches or Meadows. Here, you can purchase a large villa with a size-able plot size at a price per sq. ft. much below what you would pay in most other freehold developments in Dubai.

    As of mid-July 2015 - there are about 40 villas & townhouses available on such a payment-plan. Here's an overview of sizes and prices:

    4 Bedroom Townhouse with a built up area of 3,439 sq. ft. and a plot of 3,500 sq. ft. Selling for AED 3.6 million (AED 1,053 psf).

    3 Bedroom Semi-detached with a built up area of 4,506 sq. ft. and a plot of 5,812 sq. ft. Selling for AED 4.2 million (AED 952 psf).

    4 Bedroom Semi-detached with a built up area of 4,972 sq. ft. and plot of 6,000 sq. ft. Selling for AED 4.7 million (AED 951 psf)

    4 Bedroom Villa with a built up area of 6,500 sq. ft. and plot of 8,800 sq. ft. Selling price of AED 6.1 million (AED 951 psf)

    5 Bedroom Villa with a built up area of 6,750 sq. ft. and plot 9,800 sq. ft. Selling for AED 6.4 million (AED 951 psf)

    There are a number of activities underway in Falcon City which will make it a better place to live. A school and community center are in advanced stages of planning. Connectivity is set to improve with RTA works underway. The master-developer is also launching a couple of new landmark projects within the project which will gain a lot of coverage and a lot of value in the long-term. E.g. a Pyramid shaped hotel is set to be announced during Cityscape 2015 in September.


  • More Townhouses expected to be launched by NSHAMA - June 3rd, 2015

     Jun 03 2015  NSHAMA Town Square  Townhouses  NSHAMA

    When NSHAMA launched their townhouses in the Zahra and Hayat phases in March and early April 2015, they did really well. Over three launches, the developer managed to sell out over 1,000 townhouses (which is approximately a third of what they planned to build eventually throughout the Town Square development).

    After the townhouse launches, they moved towards selling apartments.Most market observers say that the response for the apartments has been mediocre and the developer has probably not done well in terms of their procedure and strategy for selling these units.

    Criticism 1: The apartments are too small. 2 Bedroom units at 800 - 900 sq. ft. are too small, especially when considering that Town Square is a suburban development. So while a base of price of AED 800,000 for a two bedroom seems extremely attractive, when you consider the size, it works out to be about AED 1,000 psf, and they are much more cheaper options across Dubai that are both ready and under-construction on much better payment terms.

    Criticism 2: Not catering to the buyer. There have many hundreds of buyers who've attended launches with the intention of purchasing a studio or 1 bedroom and after waiting for hours have been turned away. It turns out that while NSHAMA advertise studios starting from AED 350,000 - there is only 1 studio unit per floor (hence only 3 - 5 are sold during a launch). The same is the case for the 1 bedrooms, there are only a total of 10 per building.

    Last week NSHAMA sent out an invite for agents to sell townhouses and apartments. Later, agents learned that in order to sell a townhouse to a client, they would have to sell 4 - 5 apartments first.

    This week, we are now hearing that NSHAMA will be selling townhouses again - but this time, without the condition of agents to have to sell apartments before qualifying to sell a townhouse.

    There is still a lot of interest in Town Square - but the developer may have to consider revising certain prices and size of the apartments OR they should probably focus on the affordable townhouse segment for which there is a lot more demand.


  • 25 Off-Plan 3 Bedroom Townhouses launched in Falcon City

     Jun 03 2015  Falcon City of Wonders  Townhouses  Falcon City of Wonders LLC

    The developer is selling 25 three bedroom townhouses in Phase 2 on a two year payment-plan.

    Phase 2 is ready and consists of 202 units. These 25 townhouses will be delivered in 2017. The prices of these units is between AED 3 - 3.1 million. They all have a built up area of 2,800 sq. ft. and plot sizes range from 7 - 7,500 sq. ft.

    Buyers would have to pay a 10% down-payment, followed by a construction linked payment-plan.

    One of the advantages of purchasing this unit is the large plot size; the developer will allow purchasers to extend the unit without any extension approval cost.


  • Town Square by NSHAMA Latest Launch Report - Held on April 2nd, 2015

     Apr 05 2015  NSHAMA Town Square  Townhouses  NSHAMA

    This brief is about the last Town Square launch held by NSHAMA on April 2nd, 2015.

    The developer released approximately 120 remaining townhouses on a first come first serve basis to prospective buyers. However, unlike the previous two launched held (April 14th and April 21st, 2015), buyers who were interested in purchasing had to pay a 40% down-payment and also commit not to sell till completion.

    While this may be surprising, the reasons were:

    1. Limited stock, many people left in the queue to buy. So there were an estimated 3 - 4,000 registrations done, but in previous launches, NSHAMA only sent out invitations to between 300 - 400 buyers.

    2. So because they estimate that there were at least 3,000 pending invitations - and they only had about 100 - 120 units to sell - they have raised the bar in order to buy, to get the absolute who REALLY wants to purchase as an end-user.

    3. It appears for the time being that NSHAMA will not be launching any more townhouses for at least a few weeks if not months. Remember, the project's master-plan has a total of 3,000 townhouses. Right now, they've sold approximately 1,000 units in the Zahra and Hayat phases. The next phase of townhouses they sell will definitely be at higher prices.

    Selling prices on the day were AED 1.2 - 1.35 million for 3 bedroom townhouses and AED 1.6 - 1.8 million for 4 bedroom townhouses.

    Even considering the higher prices and new booking terms & conditions - the launch was a success in terms of both selling out and getting buyers to purchase on conditions that are not entirely favorable. This launch is a strong indicator that the Dubai market is still fundamentally strong and able to attract buyers for well propositioned real estate projects offering value.

    NSHAMA are now expected to launch apartments in the coming days. 1 Bedrooms are expected to have opening prices of between AED 400 - 450,000 and two bedrooms are expected to start at AED 600,000. More to follow.


  • Town Square - first phase (Zahra) sold out. Second phase (Hayat) will be launched on March 14th, 2015

     Mar 10 2015  NSHAMA Town Square  Townhouses  NSHAMA

    Town Square's first phase (Zahra) has been sold out pre-launch to VIP clients, family & friends (320 townhouses), according to various sources.

    The launch on Saturday (March 14th) is going to be for the second phase, which is called Hayat. This phase has 720 three & four bedroom townhouses with the exact same specifications, prices and payment-plans as the Zahra phase.

    The launch will be in Downtown Burj Dubai at the NSHAMA sales center located near the Palace Hotel.

    The hype generated for this project is above expectations. The market has responded favorably to a well priced and well planned development. What remains to be seen is a) how many people actually get to book this Saturday b) will the developer open up more phases on Saturday to cater to the over-subscribed demand? c) will prices be raised based on the seeming rush of buyers to purchase?

    More to follow post-launch.


  • Town Square first launch (Zahra) to commence on March 14th, 2015

     Mar 05 2015  NSHAMA Town Square  Townhouses  NSHAMA

    Mega project announced by Nshama in early March 2015. This project is 750 acres in size and will be launched over many months. The first phase is called Zahra, and the first sales will commence on March 14th for 3 & 4 bedroom townhouses.

    Location: opposite the Mira/Mira Oasis project. Located at the juncture of Al Qudra Road and Dubai By-pass Road. Many of Dubai's future residential areas are coming up along Al Qudra Road including Arabian Ranches Phase 2, Akoya, Akoya Oxygen, Mudon, Dubai Sustainable City, Dubai Lifestyle City, Reem by Emaar etc.

    Unique Selling Proposition: Townhouses from AED 1.0 million. When Mira was launched by Emaar in 2013, they too had advertised townhouses for AED 1 million, but those were only a select few in number. It appears that for this particular project, most townhouse will fall within the AED 1 - 1.2 million range. This is an extremely affordable product for a lot of end-users.

    Flipping: to discourage flipping, no transfers on the properties can take place until 50% of the price is paid.

    Down-payment: expected to be 10% down-payment with a payment plan over 2 or 2 and a half years. The payment plan will most likely be construction linked.

    Price: Expected prices for Phase 1 (Zahra enclave) are AED 1.0 - 1.2 million for 3 bedroom townhouses. 4 bedroom townhouses will most likely range between AED 1.5 - 1.6 million. No official prices or floor-plans have been disclosed by the developer.

    How to buy: First come first serve. Register your interest directly with Nshama OR utilize the service of an estate agent registered with Nshama.

    Learn more: learn more about Town Square by Nshama by visiting this link.


  • Skycourts Q3 2014 Review

     Sep 13 2014  Skycourts  Apartments  National Bonds Corporation

    In Q3 2014, we witnessed a decline in prices in Skycourts.

    1 Bedroom prices declined by 2.7% - and transaction prices now range between AED 600 - 675,000.

    2 Bedroom prices declined by 11% - transactions are now being recorded at between AED 900 - 1,000,000. Since this is a steep decline, it deserves further analysis. One of the reasons cited by the experts of this area is that transactions slowed drastically since Q1 2014, and sellers have had to lower their prices in order to complete a sale. A lot of investor/end-user activity has shifted towards the newly handed over buildings of Queue Point which is brand new and has a better location.

    Studio prices are holding steady.

    We are witnessing a greater range in both sale & rental values for ready property as new supply is entering the market. Newly handed over projects typically have cheaper properties for both sale and rent.

    Q3 2014 prices will be reflected across Lookup.ae on October 1st, 2014.


  • Ajmal Sarah Tower: Limited units available for sale on a payment plan as project nears handover

     Aug 24 2014  Ajmal Sarah Tower  Apartments  Ajmal Real Estate

    According to an agent in Harbor Real Estate, the project is nearing completion - scheduled for November or December of 2014.

    The building is 95% ready and awaiting DEWA connections.

    Studios and 3 bedroom units are not available for sale. 1 & 2 bedrooms are being offered for sale at a price of AED 900 psf.

    1 Bedrooms have sizes of about 1,100 sq. ft - AED 990,000

    2 Bedrooms have sizes ranging from 1,500 - 1,900 sq. ft. - AED 1.35 - 1.7 million.

    This project is best compared with Skycourts which is in the vicinity. These units apparently have a higher standard of finish and are larger. Other considerations are that every unti has a balcony, closed kitchen and at least one guest bathroom for each unit type.

    Prices psf of AED 900 are a market price as Skycourts units are transacting at a similar level.


  • Al Waha Villas: Q1 2014 Review and Q2 2014 Outlook

     Mar 18 2014  Al Waha Villas  Villas  Dubai Properties Group

    Al Waha is an affordable community and prices for the 2, 3 and 4 bedroom respectively is much cheaper than in most ready communities across Dubai. Of course, in terms of location, Al Waha has traditionally been considered to be one of the furthest ready communities away from the heart of the city. However, with Al Qudra Road now a hot-bed of construction activity, and with Emaar launching the Reem community on the other side of Dubai by-pass road - Al Waha's locational viability has increased.

    Al Waha is also relatively closer to the new Makhtoum International Airport. It is a small community with 260 units and occupancy rates are very high. Prices have increased approximately 35% since Q1 2013.

    However, the Experts feel that prices will be stable over 2014. There is new supply coming into the market right across the street in the shape of Mudon 4 bedroom townhouses which have a great layout and are better priced.


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