Thursday, February 27, 2014

Mulberry homes launched for sale at Park Heights

The Mulberry at Park Heights, the first residential apartment complex in Dubai Hills Estate, and the city of future, developed by Meraas Holding and Emaar Properties joint venture at Mohammed Bin Rashid City (MBR City), has been launched for sale.

The ‘Mulberry’ is located amidst green verdant landscape and features first-of-its-kind, elegantly designed common terrace areas, wherein families can get together or enjoy views of the green park.

There are about 330 elegantly designed, premier quality apartments, ideal for families, which are in proximity to the 18-hole golf course championship. The homes are fitted with premium finishes and excellent amenities, located in the mid-rise complexes amidst the lush green park.

Apart from offering an integrated lifestyle, residents of the ‘Mulberry’, can also enjoy a range of lifestyle choices, including tennis academy, outdoor pool for adults and kids, jogging, bicycle tracks and more.
They also get to enjoy accessibility to major shopping malls, hotels, multipurpose hall, healthcare and fitness amenities, steam and sauna rooms, children play area and family spaces.

The elegant lobby features an open courtyard with water features. The bedrooms and living rooms receive plenty of natural light during the day and relaxing outdoor views can be enjoyed at night.

The Managing Director of Emaar, Ahmad Al Matrooshi said that Dubai Hills Estate is an ambitious master-plan development in MBR City. It is a remarkable urban development that complements Dubai’s infrastructure development, in preparation for hosting the World Expo 2020. This is designed to meet the growing needs of the city.

The first residential apartment in the community offers investors a solid opportunity to be a part of the dynamic future hubs of the city, said Al Matrooshi.

The sale of the ‘Mulberry’ has been launched simultaneously in Dubai, Abu Dhabi and London, apart from showcases in Kuwait and Riyadh.

Online registrations are open for customers in Dubai and Abu Dhabi. At London, and in showcases in Riyadh and Kuwait, sales will be on first-come-first-serve basis.

According to Emaar CEO, Arif Amir, the project is a strong value proposal for long-term investors, offering them the opportunity to be part of region’s largest real estate project.

Thursday, February 20, 2014

New Mira Oasis townhouse community launched at Reem

Emaar Properties has launched Mira Oasis, a new contemporary townhouse community, within Reem, a master-planned neighbourhood.

Located near Arabian Ranches at crossroads of Emirates Road and Al Qudra Road, Reem is a master development with several amenities including desert botanical park, sand surfing and camel riding trails, dune buggies, go-karting track, cricket pitch, rock climbing wall, soccer field and skate park.
The development is anchored by a majestic central park with interactive fountains, walkways, and captivating water feature.

The launch of Mira Oasis follows strong investor response to Mira, the first residential project in Reem, says Emaar.

Mira Oasis offers 411 townhouses, designed to meet best standards and inspired by contemporary styles. These have large balconies, modern fittings and fixtures, driveways and courtyards. The three and four bedroom residences here are ideal for families, with each home offering ample privacy.

The Reem community also include cycling and walking pathways, which offers a relaxed lifestyle ambience and promotes active outdoor lifestyle of residents. Moreover, schools, retail plazas and Mosques are in close proximity and offers quality of life to residences.

According to Managing Director of Emaar, Mira Oasis in Reem is the ultimate gateway for a relaxed lifestyle, with a range of outdoor sports and leisure activities. Reem is bringing in a new concept to urban neighbourhoods.

The Chief Commercial Officer of Emaar, Arif Amiri, said that due to strong interest from international markets for Mira homes, an international sales launch for potential investors in Saudi Arabia and Pakistan would be marked.

The sale will be done on first-com first-served basis on 22nd February 2014 at 10am in Emaar Downtown, Dubai, Emaar Sales Centre at Al Nahda Tower in Abu Dhabi, Jeddah Gate Sales Centre in Jeddah and Marriott hotel in Islamabad.

Tuesday, February 18, 2014

UAE property market resurgent with series of project launches in 2014

The UAE real estate market is once again in its boom phase, given, it’s strong economic fundamentals, the safe haven status, and interest from regional and international investors, all of which is encouraging more developers to launch projects in Dubai.

Since early this year, Emaar Properties, the largest developer in Dubai, has launched five new projects, while Nakheel has announced sale for land plots in master developments.

Driven by demand and growth prospects, and with others joining the bandwagon, Dubai Investments, a diversified investment conglomerate, has also announced plans to launch projects worth Dh.3.5bn this year, while Orion Real Estate Development has announced investment of Dh.500mn in property developments.
Speaking about the project launches, the Chief Executive Officer of Dubai Investments, Khalid bin Kalban, said that the company will launch phase 3 of Green Community, a Dh.500 million project, and will re-launch Mirdiff Hills, a Dh.3bn project this year.

The Phase 3 of Green Community will have about 250 units, out of which, 200 would be villas. Further, the company plans to revise the concept of Mirdiff Hills and work on this project would begin after the third quarter, Kalban said.

During its launch in 2008, Mirdiff Hills was planned to be a mixed-use development comprising 680 apartments, 380 offices and 129 retail outlets. However, following the global financial crisis in 2009, the project was put on hold.

Dubai Investments has one of the largest land banks in UAE, spanning about 30 million square feet of gross floor area, owned by its subsidiaries like Dubai Investments Park, Dubai Investment Real Estate Company, Al Taif Investments and its joint venture Properties Investments.

The property market in the UAE is now amidst strong growth, which indicates its sound fundamentals and overall investor and business confidence across all sectors including aviation, tourism, retail, hospitality and trade, Kalban pointed out.

The development projects planned in UAE by various developers are as listed below:

MAG Group
A real estate developer, MAG Group, launched Dh.800mn worth of mixed-use project in Dubai Healthcare City. The project has been developed together with Dubai Healthcare City, and will include two hospitals spanning 260,000 square feet, an 80,000 square feet clinic, a residential complex of four buildings with total gross floor area of 430,000 square feet, a hotel apartment and retail space. The project is hoped to be ready by 2016.

Orion Real Estate
Orion Holdings has announced launch of Orion Real Estate Development (ORED) with work on at least five projects worth Dh.500mn. The company also plans to launch projects in Jumeirah Village Circle (JVC), a development near the upcoming Mohammed Bin Rashid City. The portfolio of the company already includes properties in Business Bay, Jumeirah Village Circle, Dubai Silicon Oasis, International City, Emirates Hills and Jumeirah Golf Estates.

Union Properties
Union Properties and National Properties, a unit of National Bonds Corporation have announced that they are developing an upscale residential project at the Green Community in Motor City. The first phase of the project includes construction of 78 villas and 58 apartments with double and triple bedrooms spanning 425,000 square feet. Work will be complete by 2015.  The company also plans to launch five towers and a project that replicates the popular ‘Champs Elysees’ in Paris’ at Motor City by mid-2014.

Thursday, February 13, 2014

Dubai to see hot property market with cautious investors this year

The real estate market in Dubai is likely to be hotter this year, according to top property consultants Jones Lang LaSalle.

Last year, there was huge growth in real estate prices and rentals, largely due to fever surrounding Expo 2020. But, the firm’s ‘2014 Top trends for UAE Real Estate’ report indicates that investors will be more cautious this year.

According to JLL CEO, Alan Robertson, the year 2014 will be a positive year for UAE real estate sector, with most sectors of market experiencing better performance.

The landscape is changing and larger projects are being brought in-line with demand, while there is also less dependence on pre-sales. The landscape is different from last year, with investors being more cautious and bank regulations are better, said Craig Plumb, Head of Research.

The firm further said that rentals were increasing by 18 percent year-on-year on average. The secondary and more affordable areas are growing at a faster pace than prime locations, and hence recovery is broad-based, the report said.

If all projects due for completion in 2014 are delivered on time, there would be additional 28,000 units completed this year, which represents eight percent growth over the present stock.

However, it is likely that some of these projects will be delayed. Dubailand is likely to provide 33 percent of supply, with 16,000 housing units expected prior to end of 2016. Another 4200 units are likely to be completed in Dubai Marina, with Dubai Sports City accounting for 3,700 units and 2700 units ready for completion in Business Bay.

Expo 2020 will have limited impact on real estate market 2014. But, in the long-term, it will also have positive effect on hospitality, logistics and retail sectors. Further, the market’s momentum can create ‘irrational exuberance’ and recurrence of certain past issues and challenges. The market is hoped to be more measurable and smarter this year, which is reflected by the healthy caution adopted by investors and occupiers, the company confirms.

Monday, February 03, 2014

Emaar launches Arabesque-style villa community in Arabian Ranches

Emaar Properties has launched its first Arabesque-style villa community in Arabian Ranches, one of the most sought-after and established lifestyle neighbourhoods in Dubai.

Emaar has been launching thousands of new residential units over the past few weeks, including Vida Residence, Vids Residence in Downtown Dubai, Lila in Arabian Ranches, The Hills, Rasha in Arabian Ranches, Boulevard Point in Downtown Dubai and now, the latest ‘Yasmin’ in Arabian Ranches.

These villas will be offered on sale simultaneously in Dubai and Abu Dhabi, along with a dedicated showcase in Riyadh on 8th February. The online registrations for Dubai and Abu Dhabi will begin on 5th February at 10am at www.emaar.com.

The Yasmin villa community comprises 98 villas in five different types of four-to- six bedrooms, with landscaped greeneries, private plots for gardens, all of which form part of each villa.

The flawlessly-styled Yasmin villas take their design inspiration from the Arabian colour palette.  The living spaces are spacious with large windows and wide doorways providing optimal natural light.

The homes offer residents the best in leisure and entertainment too. A ‘Residents Club’ offers home-owners the opportunity to rejuvenate their mind and body with state-of-the-art gymnasium, indoor running track, quaint cabanas, a beauty salon and a spa.

Those looking for serene outdoors can gain access to signature 247-acre golf course, community parks and gardens, Dubai Polo and Equestrian Club, Barbecue Deck, tennis courts, dedicated children’s area, football pitches and dedicated gourmet restaurants.

The Emaar Managing Director, Ahmad Al Matrooshi said that Yasmin villa community is an exclusive lifestyle choice that is suitable for families, and Yasmin offers the rich heritage and Arabian culture to its residents, which reflects itself in design inspirations.

The Chief Commercial Officer at Emaar, Arif Amiri, said that the launch of new Yasmin community in Arabian Ranches indicates the growing demand for premium villas in Dubai which are ideal for families.
Emaar is further defining its credentials as a developer of world-class communities which meets the lifestyle aspirations of residents with demand not only from Dubai, but, from other markets too.
For more information, call +971 4 3661688 (international) or 80036227 (UAE) or email globalsales@emaar.ae.