Weekly News – July 10 2016

Community Profile: The Views – studio-apartment-to-rent-s2-id3989297 The Views is an exclusive apartment community developed by Emaar with lakeside apartments that open to the spectacular green landscapes of Emirates Golf Club. The community features an exclusive courtyard for residents. The Views has perfectly kept parks and green spaces that add to the quality of life.

Proximity and Location

The Views is located in the Al Thanyya District off Sheikh Zayed Road and offers easy access to Dubai Marina, Dubai Internet City, Dubai Media City, and Knowledge Village. The American University in Dubai is in close vicinity to the neighbourhood. Dubai International Airport is a 30-minute drive away.

Amenities

With business nerve centres, leisure attractions, retail centres and educational institutions in easy access, The Views is today one of the most desirable residential developments in Dubai.

Residents have access to a wide array of lifestyle amenities including swimming pools, gymnasiums, play areas, barbecue areas, and neighbourhood retail centres.

Property Options

Panorama: A mid-rise development with spectacular views of the Emirates Golf Course, Panorama features large one, two, and three-bedroom apartments and three and four-bedroom duplex units.

Arno: A mid-rise residential tower nestled beside a tranquil lake. Only 177 homes are part of this Riviera-style mid-rise development, with the units ranging in size from 538 to 1,600 sq ft.

Golf Towers: In close proximity to the Emirates Golf Club, Golf Towers feature spacious one, two, three and four-bedroom suites, ranging in size from 737 to 1,880 sq. ft. In addition, Golf Towers also have a limited collection of water-side duplexes and golf-side villas.

Mosela: Mosela homes are set in a 24-storey high residential tower that comprises studios, one, two, and three bedroom apartments and features Mediterranean architectural features.

The Fairways: The Fairways is next door to the Emirates Golf Club and Emaar Business Park, includes three modern high-rise apartment buildings. The Fairways offers one, two, and three-bedroom suites that feature stylish and modern finishes and fittings.

The Links: The 34-storey twin towers offer one, two, and three-bedroom apartments, ranging in size from 368 to 1,604 sq ft, with views overlooking the Emirates Golf Course and a sparkling waterway.

Travo: Travo is a mid-rise development comprising of a limited collection of 34 studios, 44 one bedrooms, 86 two bedrooms, and eight three bedrooms.

Turia: This mid-rise development, located near Emaar Business Park, features only 135 one, two and three bedroom suites, ranging in size from 706 to 1,697 sq ft.

Una at The Views: Una features 42 exclusive two-bedroom apartments, ranging in size from 1,109 to 1,337 sq ft, which open to breathtaking views of the nearby waterways.

Canal Villas: These elegant villas overlook the golf course and waterways. Residents have access to dedicated park walkways, exclusive poolside barbeque decks, and a multi-purpose entertainment room.

Last 12 months Sales Price History

For the Week ended May 29, 2016

Officially, you can rent a studio in Dubai for Dh25,000 a year: (http://www.emirates247.com/news/emirates/officially-you-can-rent-a-studio-in-dubai-for-dh25-000-a-year-2016-05-24-1.630884)

Dubai Expo 2020 impact: Developer rolls out Dh2bn, 5 project roadmap: (http://www.emirates247.com/news/emirates/dubai-expo-2020-impact-developer-rolls-out-dh2bn-5-project-roadmap-2016-05-23-1.630761)

Dubai property prices said to fall up to $6,800 in past year:

(http://www.arabianbusiness.com/dubai-property-prices-said-fall-up–6-800-in-past-year-632914.html#.V0lW7pF9600)

Property cycles signal that Dubai has a bright future:

(http://www.thenational.ae/business/personal-finance/property-cycles-signal-that-dubai-has-a-bright-future)

High-end apartment rentals face the heat:

(http://gulfnews.com/business/property/high-end-apartment-rentals-face-the-heat-1.1833273)

Dubai’s developers need to swing back to the middle:

(http://gulfnews.com/business/property/dubai-s-developers-need-to-swing-back-to-the-middle-1.1834442)

The most-searched neighbourhoods in the UAE are…:

(http://www.khaleejtimes.com/business/real-estate/the-most-searched-neighbourhoods-in-the-uae-are)

Omniyat starts work on Dh1bn Langham Place Downtown Dubai: (http://www.emirates247.com/news/omniyat-starts-work-on-dh1bn-langham-place-downtown-dubai-2016-05-25-1.631000)

Marasi Business Bay: Floating homes, hotels in heart of Dubai: (http://www.emirates247.com/news/emirates/marasi-business-bay-floating-homes-hotels-in-heart-of-dubai-2016-05-24-1.630965)

Shaikhani unveils first phase of UAE residential project: (http://tradearabia.com/news/CONS_307435.html)

Realty project to target millennials:

(http://www.khaleejtimes.com/business/real-estate/realty-project-to-target-millennials)

Deyaar inks Turkish deal to drive investment in $817m Midtown project: (http://www.arabianbusiness.com/deyaar-inks-turkish-deal-drive-investment-in-817m-midtown-project-632912.html#.V0XjHJF97IU)

The Alef Residences, W Dubai – The Palm 96% structurally completed: (http://www.khaleejtimes.com/20160525/4992/no-title)

Further drop in rentals for office market likely:

(http://www.khaleejtimes.com/business/real-estate/further-drop-in-rentals-for-office-market-likely)

Dubai still remains the go-to place for brands:

(http://gulfnews.com/business/property/dubai-still-remains-the-go-to-place-for-brands-1.1833558)

Millennium & Copthorne to manage new hotel in Dubai: (http://tradearabia.com/news/CONS_307313.html)

Dubai announces $500m deal for giant conference centre:

(http://www.arabianbusiness.com/dubai-announces-500m-deal-for-giant-conference-centre-632488.html#.V0KmG5F97IU)

Latest News March 22nd 2016

Dubai’s property down cycle finally over?:

http://gulfnews.com/business/property/dubai-s-property-down-cycle-finally-over-1.1690377

Dubai property prices may have ‘bottomed out’ in February:

http://www.arabianbusiness.com/dubai-property-prices-may-have-bottomed-out-in-february-624814.html#.Vu1Okfl97IV

Dubai, London top realty hotspots for rich in UAE:

http://www.emirates247.com/news/dubai-london-top-realty-hotspots-for-rich-in-uae-2016-03-18-1.624560

Nakheel chairman calls recent dip in Dubai property market “a good correction”: http://www.arabianbusiness.com/nakheel-chairman-calls-recent-dip-in-dubai-property-market-a-good-correction–625059.html

Picking up distressed realty assets on the cheap:

http://gulfnews.com/business/property/picking-up-distressed-realty-assets-on-the-cheap-1.1691391)

Dubai real estate investment to pick up by year-end:

http://www.khaleejtimes.com/business/real-estate/dubai-real-estate-investment-to-pick-up-by-year-end

One way to save up to Dh32,000 on rent in old Dubai…: (http://www.emirates247.com/news/emirates/one-way-to-save-up-to-dh32-000-on-rent-in-old-dubai-2016-03-17-1.624428)

Nakheel targets European investors with projects worth $1bn:

http://www.arabianbusiness.com/nakheel-targets-european-investors-with-projects-worth-1bn-624809.html

Iranians to spend $8.6bn on overseas properties:

http://tradearabia.com/news/CONS_302931.html

Economic outlook remains rosy in UAE: http://www.khaleejtimes.com/business/economy/economic-outlook-remains-rosy-in-uae

GCC millionaires bullish on UAE market: http://www.khaleejtimes.com/business/economy/gcc-millionaires-bullish-onuae-market

Wasl hub launched in Dubai’s Karama area:

http://www.khaleejtimes.com/business/real-estate/wasl-hub-launched-in-dubais-karama-area

New method must ‘to fix Dubai’s property service charge’: http://tradearabia.com/news/CONS_303125.html

Office tenants can have some leeway in Business Bay:

http://www.gnproperty.com/a/real-estate-news/office-tenants-can-have-some-leeway-business-bay/

Latest News (Friday to Sunday August 14-16, 2015)

Rents for studio apartments in old Dubai rise by up to 18%: Rentals in old Dubai are rising, with studio units in Deira reporting an 18 per cent rental increase, in the second quarter 2015, according to a report by Dubizzle. (http://www.emirates247.com/news/emirates/rents-for-studio-apartments-in-old-dubai-rise-by-up-to-18-2015-08-14-1.600264)

Most popular among Dubai rich – Palm, Downtown or Marina?: Global high net worth individuals have favoured Palm Jumeirah over Downtown Dubai and Dubai Marina, according to a new report. (http://www.emirates247.com/news/emirates/most-popular-among-dubai-rich-palm-downtown-or-marina-2015-08-13-1.600167)

Latest News (Wednesday to Thursday August 12-13, 2015)

Affordable housing aids Dubai real estate growth: report: Dubai’s property market has witnessed a 2.5 per cent growth in the first half of 2015, compared with the international analyst expectations of a 20 per cent decline in the beginning of the year, says a local real estate consultancy. (http://www.emirates247.com/business/affordable-housing-aids-dubai-real-estate-growth-report-2015-08-12-1.600060)

120 new Dubai property projects launched in two years: A total of 120 new projects were launched in Dubai in the past 24 months, with investors being drawn to the off-plan market due to attractive prices and payment plans, according to a local real estate portal. (http://www.emirates247.com/news/120-new-dubai-property-projects-launched-in-two-years-2015-08-11-1.599901)

Dubai’s property sellers out to cut the middleman: More property owners in Dubai are going direct in trying to sell rather than involve brokers in a bid to cut out transaction costs where possible. Such “direct listings” had been on a steady increase since the second half of last year, but saw an appreciable spike in the last three months. (http://gulfnews.com/business/property/dubai-s-property-sellers-out-to-cut-the-middleman-1.1565337)

10 Dubai projects to watch out for: Dubai never ceases to amaze you. With several iconic buildings such as the Burj Al Arab, the Palm Jumeirah and Burj Khalifa, the city is an epitome of architectural largesse. In the current property development cycle, the city’s promoters have envisaged ambitious projects whose cumulative value runs into hundreds of billions of dirhams. (http://www.khaleejtimes.com/business/real-estate/10-projects-to-watch-for-in-dubai)

Dubai Marina sees prices drop up to 18%, but retains top spot: While Dubai Marina remains popular with buyers and tenants, it saw prices decline by up to 18 percent in the second quarter of 2015, according to the latest trend analysis by the Dubizzle classified website. (http://www.arabianbusiness.com/dubai-marina-sees-prices-drop-up-18-but-retains-top-spot-602356.html)

Dubai property prices are falling faster than rents: Prices in Dubai’s property market are falling at a much faster rate than rents, according to ReidIn data. (http://www.thenational.ae/business/property/dubai-property-prices-are-falling-faster-than-rents)

Revealed: Lowest (and highest) community service charges in Dubai: If Downtown Dubai, home to Burj Khalifa, the world’s tallest tower, and Dubai Mall, one of the largest malls in the world, is the community where you want to own a house, then be ready to pay for maintenance of your unit – a lot. (http://www.emirates247.com/news/revealed-lowest-and-highest-community-service-charges-in-dubai-2015-08-12-1.600016)

Dubai’s commercial realty basks in new enquiries: Sentiments are turning distinctly bullish in Dubai’s commercial office space, with the number of enquiries coming along nicely and rental rates at some of the prime locations gaining in strength, And the recent moves over ending Iran’s sanctions has a lot to do with the upturn. (http://gulfnews.com/business/property/dubai-s-commercial-realty-basks-in-new-enquiries-1.1565334)

Latest News (Monday to Tuesday August 10-11, 2015)

Buy or rent property in Dubai? New calculation helps you decide: A mathematical calculation is now making it easier for you to take the call on whether to buy or rent a property in Dubai. In its latest report, the International Monetary Fund (IMF) states that price-to-rent ratios have declined in the UAE since mid-2014, indicating a healthy correction in the likely overpriced housing market. (http://www.emirates247.com/business/buy-or-rent-property-in-dubai-new-calculation-helps-you-decide-2015-08-10-1.599735)

AlMulla named Group CEO of Dubai Properties Group: Dubai Holding, the global investment holding company, on Monday named Abdullatif AlMulla as Group Chief Executive officer for Dubai Properties Group. (http://www.emirates247.com/property/real-estate/almulla-named-group-ceo-of-dubai-properties-group-2015-08-10-1.599825)

Latest News (Friday to Sunday August 7-9, 2015)

Dubai real estate market correction ‘normal and inevitable’: The recent price declines in Dubai’s property market are part of a “normal correction which was always inevitable”, according to the organiser of Cityscape Global that takes place in the emirate next month. (http://www.arabianbusiness.com/dubai-real-estate-market-correction-normal-inevitable–601817.html#.VcRYBfmqqkp)

Supply-demand dynamics: After three years of value appreciation, Dubai’s real estate market has been correcting its prices over the past three quarters and analysts expect this to continue until next year. (http://www.gnproperty.com/a/real-estate-news/supply-demand-dynamics/)

Dubai luxury house prices fall in Q2 as European investors stay away: Dubai’s prime property prices have dipped by 4.5 percent in the second quarter of 2015 compared to the year-earlier period as currency fluctuations have deterred wealthy Europeans from investing, a new report has said. (http://www.arabianbusiness.com/dubai-luxury-house-prices-fall-in-q2-as-european-investors-stay-away-601309.html)

US and Iran nuclear deal boosts Dubai property market: A growing number of American and Iranian investors are showing interest in buying property in Dubai following the historic US-Iran nuclear deal signed last month, real estate agents have said. (http://7days.ae/us-and-iran-nuclear-deal-boosts-dubai-property-market/67938)

Back-weighted Dubai property plans soar in popularity among investors: The number of developers in Dubai offering back-weighted payment plans has risen dramatically in a bid to tempt more buyers into the marketplace, according to new research. (http://www.thenational.ae/business/property/back-weighted-dubai-property-plans-soar-in-popularity-among-investors)

New Downtown in the making: Dubai’s real estate ambition knows no bounds. Just when you think you’ve seen it all – the world’s tallest building (Burj Khalifa), the world’s largest man-made island (the Palm Jumeirah), the world’s tallest hotel (JW Marriott Marquis), the world’s largest mall based on shopping area (The Dubai Mall), the world’s highest restaurant (At.mosphere in the Burj Khalifa), to name a few – the city’s planners spring a surprise and announce mammoth projects whose scale and magnitude overwhelm your senses. (http://www.khaleejtimes.com/business/real-estate/new-downtown-in-the-making)

Latest News (Wednesday to Thursday August 5-6, 2015)

Is there now a bubble in Dubai off-plan property, not completed homes?: Is there a bubble forming in Dubai off-plan property rather than in completed homes? (http://www.arabianmoney.net/gcc-real-estate/2015/08/04/is-there-now-a-bubble-in-dubai-off-plan-property-not-completed-homes/)

Investors pumped Dhs50 billion into Dubai real estate, says Land Department: Investors pumped more than Dhs53 billion into Dubai real estate in the first half of this year, according to figures released by the Dubai Land Department (DLD). (http://7days.ae/investors-pumped-dhs50-billion-into-dubai-real-estate-says-land-department/67891)

Spotlight on affordable housing at Cityscape: Developers are lining up to unveil a wave of attractive and more affordable new housing options during the 14th edition of Cityscape Global next month in Dubai, UAE. (http://tradearabia.com/news/CONS_287645.html)

Damac sees ‘marked improvement’ in its July sales: Damac Properties has witnessed marked improvement in sales in July even as it expects the real estate market to “mature with price stabilisation” in 2015, the company’s chairman said on Wednesday. (http://gulfnews.com/business/property/damac-sees-marked-improvement-in-its-july-sales-1.1562126)

Emaar said to plan 2017 start to Golf District project in Dubai: Emaar will reportedly begin work on the Dubai World Central Golf District project, an integrated urban centre and golf destination, in 2017. (http://www.arabianbusiness.com/emaar-said-plan-2017-start-golf-district-project-in-dubai-601653.html)

Latest News (Monday to Tuesday August 3-4, 2015)

Falling prices don’t mean property market maturity: It feels a bit like the Monty Python parrot sketch. The property pundits keep telling us the Dubai market is just sleeping. (http://www.thenational.ae/business/property/falling-prices-dont-mean-property-market-maturity)

711m tower rising in Dubai: A new large-scale leisure, residential and hospitality development is coming up in Dubai. Meydan One will feature a retractable roof measuring 150x80metres, which will open in winter months; more than 300 restaurants, cafes and kiosks, and luxury brands. (http://gulfnews.com/business/property/711m-tower-rising-in-dubai-1.1560811)