REAL ESTATE MARKET DEVELOPMENT CONTINUES TO PLAY A BASIC ROLE IN THE GENERAL DEVELOPMENT OF THE COUNTRY'S ECONOMY. LAST YEARS RESULTS ALLOW TO TALK ABOUT THE INVESTMENT BOOM IN THE EMIRATES REAL ESTATE MARKET, IN WHICH THE FOREIGN INVESTORS ARE TAKING THE MOST ACTIVE PARTICIPATION. INVESTMENT INVESTMENTS IN THE DUBAI MARKET UNTIL THE LAST TIME (2004) WERE ONE. A LITTLE INVESTORS HAVE IMPLEMENTED LARGE PROJECTS ABROAD, BECAUSE SIMILAR ATTITUDES AT LEAST AND RELATED TO LOW OPERATING RISKS, BUT IMPORTANT AND LESS PROFITABILITY. BETWEEN, IN LAST YEARS, A FLASH OF INVESTMENT ACTIVITY OF RUSSIAN INVESTORS IN RESPECT TO REAL ESTATE OF OTHER COUNTRIES, AND HOW IT IS DEVELOPING WITH THE MARKETS OF THE MARKET, has been observed.
Russian companies enter foreign markets for three main reasons, experts say. The main thing is the desire "not to keep all the eggs in one basket." Today, small and large Russian investors invest in the Dubai market, who thus reduce risks, preferring stable income to risky, but with greater return. Indeed, the recent signs of stagnation in the Russian market may mean that in the medium term, investments in real estate abroad will become the most important mechanism not only for protection, but also for capital growth. In addition, the advantages of the Western market today include stable and favorable lending conditions, while the investment attractiveness of Russian real estate has recently been reduced by tightening lending and raising interest rates by Russian banks. According to a Knight Bank study, in 2006 Latvia was the first in the world in terms of housing price growth. Last year, she was only in 12th place. Lithuania also dropped from the second line of the rating to the 18th. Housing in Bulgaria in 2007 went up by 30.6%, compared with 2006, and in the UAE by 40%. The second and third line of the table were Singapore (27.6%) and South Africa (14.4%). The smallest increase in housing prices in the third quarter of 2007 compared to the same period last year was recorded in Germany (-3.4%), Ireland (-0.9%) and Japan (0.5%). Market participants note that Dubai real estate is a reliable investment and is growing steadily in value.
WHERE THE FUTURE IS BORN
Dubai has emerged as a very coveted destination, thanks to its unique international access. The scope and development prospects of the city are noticeable at every turn, and it successfully competes with other megacities at any level. Thanks to the phenomenal construction and development of many industries, Dubai attracts the attention of the whole world. Exceptional real estate projects have resulted in new islands and coastlines listed in the Guinness Book of Records.
We bring to your attention the most interesting projects for investment:
Dubai promenade - a loud and unusual project of the famous state-owned developer Nakheel, sensationalized for its large-scale projects of the man-made islands of The Palm Jumeirah, The Palm Jebel Ali, The Palm Deira, The World, as well as multifunctional complexes Jumeirah Islands, Jumeirah Heights, The Gardens, Jumeirah Park, Jumeirah Village, Al Furjan, International City, Dragon Mall Complex, Discovery Gardens, Ibn Battuta Mall, Dubai Waterfront.
The strategically advantageous location of this project in the “New Dubai” with a beautiful view of the “palm tree”, the coast and the city will help attract investment. Dubai Promenade includes the complex of tall buildings The Channel Towers: (3 towers - Al Shimal, Suheili, Al Gharbi), The Beach Towers (2 towers: Douj & Heirrat), The Marina Towers (3 towers: Safeena, Fulq, Sarieh) , The Office Tower (1 office building), as well as The Boutique Hotel and The Icon Hotel. Along the coast, shops, cafes and restaurants will be located on the special boulevards The Promenade Retail Link, The Pier and The Waterfront.
The channel towers - Three modern skyscrapers designed in different styles. The buildings offer apartments of various sizes with the number of bedrooms from 1 to 3, both one-story and two-level (duplexes). All apartments have balconies: open or covered with canopies. Since the podium of the towers is multi-storey, the main parking and many amenities will be located on the lower level: a treadmill, a swimming pool, shops and restaurants. The towers are equipped with the latest technology, including the latest security and visitor monitoring systems (Intercom).
Project Name: Dubai Promenade
Building Name: Channel Towers / Al Shimal
Number of rooms: with 1, 2 and 3 bedrooms
Estimated cost of 2-bedroom apartments: US $ 1,303,000.
Cost of 1 m? : US $ 8000
Area of the apartment with 2 bedrooms: 154 m?
Schedule of payments: 15% with a reservation of 10-15% every six months; 15% final payment upon receipt of the keys.
Project completion: 2011
Business bay - A prestigious location for business in Dubai. Elite buildings for elite offices, the latest technology. Business Bay is the new business center of the Middle East, located in the most prestigious area of Dubai.
Victory bay building in the business bay area, this is a 20-story office building with full ownership, in the shape of the letter "X" - unique and striking in its architecture. An abundance of natural light! Unrivaled luxury!
Down payment of 20% upon purchase
Cost of 1 m? US $ 4422
The area of offices - from 62 m?
The cost of offices - US $ 276,200
The end of construction - 2009.
Sami Q-Tower Building in the business bay area. The best business building! The highest quality standards from the largest German manufacturer. The building is equipped with a smart office system.
Down payment 40% upon purchase
Cost of 1 m? US $ 3685
The area of offices is 70 m?
The binary building in business bay. Ultramodern offices with full ownership! Great views of the Gulf and water channels! Ultra-high technologies of the future Biometric Security!
Down payment of 65% upon purchase
Cost of 1 m? US $ 5600
The area of offices - 57.5 m?
The cost of offices is US $ 322,000
Nikki Lauda building in business bay
Down payment of 10% upon purchase
Cost of 1 m? US $ 4127
The area of offices - from 72 m?
The cost of offices - US $ 297 144
Jumeirah Beach Residence Housing Project
The Jumeirah Beach Residence (JBR) project is located on the shores of the Persian Gulf, and its apartments offer an exceptional seascape. 36 skyscrapers form an amazing and one of a kind city on the seashore, combining hotels, apartments, beach clubs, sports facilities, restaurants, boutiques, children's playgrounds and much more. All buildings are connected to each other, and the first floor will represent the world's longest gallery of boutiques, restaurants, beauty salons and so on.
Choice of apartments - from one bedroom apartments to the penthouse
Sq cost meters - from US $ 4000
Jumeirah Lakes Towers
• Offices with unlimited ownership of real estate in the complete absence of taxes!
• The UAE Government of Dubai encouraging investment activities, incl. aimed at acquiring commercial real estate in the new economic zone, issues licenses for doing business in the UAE in the manner prescribed by law.
• Favorable business location!
Jumeirah Lakes Towers
It is also called New Dubai!
Akin to the famous Dubai Marina complex, the buildings here are located on the banks of a large artificial lake with an impressive view and high-class atmosphere. 79 unique residential and commercial high-rise buildings will be located on the shores of the lakes. The main developer providing the development of the terrain and the full infrastructure of the project is the state-owned company Nakheel. The location of the area near such free economic zones as Jebel Ali, Dubai Media City and Dubai Internet City, as well as 35 km from the international airport and major business centers under construction, make this area the most attractive for business.
Dubai Star 44-story semi-commercial - semi-residential building with amazing views of the lagoon and landscapes from all sides.
Offices from 2-20 floors, residential apartments from 26-44 floors.
Building readiness beginning 2009.
It is possible to purchase several units.
Office area: 75-98 sq.m.
Apartment area: 47 -118 sq.m
Cost sq.m .: US $ 2800
The end of construction - 2009
Our staff will provide complete information about the real estate market and select the best option for you, based on your budget.
Commercial license issued by the Department of Economic Development No. 560462. Registration certificate issued by the Land Department No. 393