Monday, March 31, 2014

Emaar launches new Samara Villas at Arabian Ranches

Leading Dubai-based developer Emaar Properties PJSC has launched Samara Villas in Arabian Ranches. Launched due to the strong investor interest for homes within the Arabian Ranches, this is the latest addition to the current expansion of the established community.

The villas draw inspiration from the Spanish coastal architecture, and feature 177 triple to five bedroom villas, offered in four different styles, that are suitable for families looking out for a relaxed lifestyle in one of the most sought-after communities in Dubai.

Residents can take advantage of the large retail centre, the specialty food and beverage outlets, dedicated healthcare centre, salon, day care centre and schools within the community.

The Managing Director of Emaar, Ahmad Al Matrooshi, said Samara offeres families with wonderful choice of villas that suite their lifestyle needs. The launch of ‘Samara Villas’ emphasizes the growing demand for family-oriented communities in Dubai.

The Chief Commercial Officer of Emaar, Arif Amiri, said that each residential community in Arabian Ranches has recorded strong investor demand. With the launch of ‘Samara’, investors are offered another opportunity to be part of Emaar’s fully established communities featuring a polo club, a golf course and a resident’s club.
Located along the crossroads of Al Qudra and Sheikh Mohammed bin Zayed Road, the Samara Villas will offer residents easy access to main hubs in Dubai such as the Dubai Media City, Dubai Marina and Dubai Internet City.

Emaar is also offering long-term investors and end-users the opportunity to benefit from the Emaar Preferred Access Programme. Investors can make a down payment of 30 percent of the total value of the property, and maintain ownership until the handover is complete. They will be offered preferred access and opportunity to own homes, based on conditions. But, through this new customer-oriented initiative, interested investors and end-users can skip the line and register for the programme even on the day of launch.

Emaar is launching ‘Samara Villas’ simultaneously in Dubai and Abu Dhabi. The online registration will be open from 10am on 2nd April at www.emaar.com. The sales will be held on 5th April at 10am at Emaar Pavilion on Mohammed bin Rashid Boulevard in Dubai and at the Emaar Sales Centre in Al Nahda Tower in Abu Dhabi.

For more details on ‘Samara’ in Arabian Ranches, contact +9714 3661688 or 800 36227 or email to globalsales@emaar.ae.

Thursday, March 27, 2014

Dubai high-rises continue to attract domestic and international visitors

The trend of high-rise living and ‘desirable’ vistas in Dubai, is increasingly drawing interest from domestic and international buyers, resulting in constant effort by developers to position buildings in areas that maximise views of Gulf or sweeping skylines that criss-cross the city.

Dubai continues to add to its huge skyline with several buildings that are more than 300m tall, including Damac Residence (335m), The Address The Boulevard (370m), Dream Dubai Marina (432m), Al Habtoor City Towers (300m) and Al Attar Tower (342m).

Majority of these will be additions to Downtown Dubai and Dubai Marina skylines, adding ‘vista-values’ to submarkets and offering more options for buyers in search of a home with view, a real estate expert said.
The 828m Burj Khalifa, and the adjoining Dubai Fountain, positioned at the heart of Downtown Dubai are among the city’s most sought-after vistas, says Faisal Durrani, Associate at Cluttons. This is further reflected at the capital value premiums of nearly 45 percent of apartments with direct unobstructed views of the Dubai Fountain and Burj Khalifa within the one square kilometre Downtown Dubai district.

Further down the coast, residents of apartments along the trunk of Palm Jumeirah can pay premiums at similar levels for ownership of homes facing the east, which overlook the sea, the Burj Al Arab, the Sheikh Zayed Road and Downtown Dubai skyline in the distance, Durrani said.

Within Dubai Marina, buyers of properties in the inner circle of residential skyscrapers look directly into the largest man-made marina in the world, expecting to pay nearly a third more than similar properties overlooking surrounding buildings, without views of the sea or marina.        

Dubai’s incredible skyline and living with gated community with views of open green spaces continue to grow, with several inland suburban communities witnessing a flurry of bolt on developments, as developers continue to focus on communities with proven buyer demand.  

The larger villas overlook golf courses, and although less prominent than high-rise living, one-fifth of these are higher than those without views of open green spaces, such as those in Arabian Ranches, which is 14km inland from the coast, Durrani said.

Monday, March 17, 2014

Dubai property prices surge 35 percent last year

Real estate prices in Dubai surged by 35 percent last year, according to latest report by the Global House Price Index, a UK-based consultancy.

According to the report, prices jumped by 34.8 percent during the 12-month period in 2013 (Q4 2012 to Q4 2013), and said that the mainstream prices continue to remain 25 percent below their 2008 peak.

Dubai recorded the largest annual rise in mainstream real estate prices, with prices having grown 15.3 percent during the six-month period, the report said.

During the month of February, Jones Lang LaSalle (JLL), the real estate consultancy said that prices were below the 2008 peak, and will touch the peak in the next 10 to 18 month time.

According to Craig Plumb, Head of Research, JLL-Mena, in certain locations the prices have touched the 2008 level, but overall, the prices will reach that level in the next 10 to 18 months.

In the past, Standard Chartered and Goldman Sach Group said that the growth of real estate market in Dubai has been sustainable and there has been no fear of a property crash.

Meanwhile, the Knight Frank price index shows that China and Taiwan came second and third on the list, recording 28 percent and 15 percent growth respectively. Out of the 56 countries recorded in the index, 39 countries showed positive annual price growth last year, in comparison to 27 countries in 2012.

Knight Frank revealed that the headline global index depends on each country’s GDP, which implies that the movement of house prices in the China and US have a great impact on index’s performance.

Tuesday, March 11, 2014

Silicon Park Project launched in Dubai Silicon Oasis

Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, launched on Sunday, the ‘Silicon Park’, the first integrated smart city project to be built in DSO, worth Dh.1.1bn.

Spanning an area of 150,000 square metres, work has already begun and the project is likely to be completed by Q4 of 2017.  The project is in-line with vision of HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, aimed at transforming Dubai into smartest city in the world within next three years.

The project also is in-line with Dubai’s Vision 2021 aimed at transforming the emirate into a smart city, while ensuring that it is on par with latest global trends for smart cities. The project offers a contemporary lifestyle for residents, workers and visitors. The project standards are in-line with government strategies for smart cities focusing on six key elements - life, mobility, economy, society, governance and environment.

The Silicon Park project spans 97,000sqm of office space, 25,000sqm of commercial space and 20,000 sqm of residential space, apart from 115 rooms, business hotels, in addition to value-added facilities that suit contemporary living such as restaurants, cafes, health and fitness centres, running tracks, cycling trails, prayer rooms, shopping centre and underground parking for more than 2500 cars.

The project is compliant with UAE Green Building Regulations and Specifications and the international LEED standard and seeks to improve environmental sustainability. The project will be built with ‘green’ building material and control mechanisms, and solar panels and double-glazed windows to reduce heat absorption.

The buildings are topped with green roofs that include plants and trees with minimal irrigation and make use of direct sunlight on the buildings. The project will use renewable energy resources and will apply measures to achieve efficiency in energy consumption.

Further, it will feature smart lighting systems with motion sensor systems that respond to traffic and individuals. The smart street light poles will have digital signboards which can be remotely controlled. The project will include advanced technologies to support controlling water consumption using recycling procedures at homes and offices so that it can be used for irrigation purposes to minimize ecological imbalance.

The park will also features various intelligent solutions and other public amenities.