Dubailand – An Exotic Experience

Dubai’s lifestyle has been the epitome of luxury and style for its residents. Dubai has been a leading commercial and trading hub in the Middle East. Dubai has also diverted its attention towards developing its region as a tourist hub with its one of the most outstanding real estate project called the Dubailand. This outstanding property offers real estate, entertainment, hospitality, leisure and retail sector. Dubailand comprises of more than 200 leisure, tourism and entertainment projects. This project aims at attracting huge number of tourists and cater to all age groups, activities and nationalities. Real Estate Dubai is setting up milestones that will take a long time to achieve for other property markets from around the world.

This entertainment complex project is owned by Tatweer, which is a division of Dubai Holding. The Dubailand construction has been segregated in four phases and is expected to finish the construction of the first phase between 2008 and 2010, also, the final phase is expected to be completed between 2015 and 2018. Once it is completed, it is expected to be the biggest theme park in the work and would be twice the size of Walt Disney Resort in Florida.

This project was started by Dubai’s Ruler, Sheik Mohammed bin Rashid al Maktoum, on 23 October 2003. This freehold property owns several developments which are spread over different regions within this community. This project will fulfil the taste of opulent villas to outstanding apartments to extremely well facilitated sports complex. Apart from the residential properties there are several retail outlets and purpose-built shopping malls are also being built. In addition it would include theme parks on globally known venues which include Paramount Studios, Universal Studios and Six Flags. Dubailand has immensely contributed to the booming freehold real estate Dubai sector.

Facts and Figures

• This project is estimated to bear a cost of AED 235 billion, for its establishment.

• The Dubailand is spread over an area of 3 billion square feet and has seven themes which include culture and art, theme parks, sports and sports academies, science and planetariums, health and well being, resorts and hotels and retail and shopping. There are a total of 45 mega projects.

• This Dubai property expects to have 40,000 visitors in a day which will increase to a toll of 15 million visitors a day by 2015.

• Dubailand includes properties being developed by GCC national, UAE nationals and international visitors.

• This project would comprise of 55 hotels set geographically.

• Once fully operational, 2.5 million, population is estimated in Dubailand, which would include, workers, residents and tourists.

The Worlds – Dubailand

Dubailand is thronging with projects being developed all over the property. This entire property has been divided into 6 themes and each theme is referred to as the world.

1. Attractions and Experience World: This world caters to be at leisure with family and friends. This is a theme park which is comprised of adventure, roller coasters and water parks. These large scale attractions are catered for with the help of latest technology for safety and thrills. Theme parks have been inspired from some of the best in the world and aims to attract a huge number of visitors. This World would cover an area of 145 million square feet and has AED 6.8 million contributed in this. This also includes 14 projects which are Giant World, Global Village, Film World, Tourism Park, Space Hotel, Arabian Theme Park and several more.

2. Sports and Outdoor World: This world would inject high energy in sports like cricket, rugby and several other sports tournament. With a mix of sporting venues, this world aims to the prime destination for training facilities for some of the most professional sports team and encourage a huge variety of sport events held here. This world is spread over an area of 206 million square feet and has AED 2.5 billion invested in it. In addition there are 5 projects in this world which include Racing World, Dubai Sports City, Polo World, Extreme Sports World, etc.

3. Eco-Tourism World: This world depicts the natural beauty and comprises of desert based and nature attractions. Its unique and cultural aspects would appeal to several visitors. This world captures the beauty of nature to its audience an exotic appeal. Eco-Tourism World covers 806 million square feet and AED 4.2 billion is invested in this. There are a total of 12 projects commenced in this world which include Light and Sound World, Animal World, Sand Dune Hotel and several others.

4.  Retail and Entertainment World: In Dubai shopping is one of the most attractive leisure activity with its “tax free” structure. This this world offers world class shopping at one of the largest mall – The Arabia Mall. This does not only offer extravagant shopping with some of the globally renowned brands, but also, has several entertainment and food outlets to complement it. This world covers an area of 46 million square and AED 2.4 is invested in this. This world consists of 5 projects which include World Trade Park, Auction World, Factory Outlets and etc.

5. Themed Leisure and Vacation World: This world offers a perfect vacation comprising of wellness retreat with spa, village residence and resort hotels. This is based on the concept of offering unique concepts of well-being which include stress management and fitness. This world consists of 311 million square feet of area and AED 3.6 billion is invested in this. A total of 4 projects are involved in this world which are Women’s World, Holiday World, Holiday World and Andalusian Resort and Spa.

6. Downtown: This world comprises of entertainment facilities which caters to all generations. This is a mixture of dining facilities combined with retail outlets and includes leisure activities like bowling, nightclub, themed restaurants, cinemas and street entertainment. This world includes an area of 6 million square feet and involves an investment of AED 2.4 billion. In addition there are 4 projects involves which are Dubai Walk, The Towers, Teen World and Virtual Games World.

Dubailand is perfectly situated on the Emirates Ring Road which will offer easy access from Dubai, Sharjah, Abu Dhabi, Al Ain. It is ideally located 20 minutes from Sharjah, 10 minutes from Dubai Airport and 60 minutes from Abu Dhabi.

Dubai Marina: Dubai From The Sky

Dubai has been one of the fasting growing economies. Its success stories have justified the booming real estate, financial and trading sector in Dubai. In the past few years Dubai has established some of the most spectacular properties, amongst which some have even set world records for their architecture. It’s not only the magnificent architecture but the opulent lifestyle has redefined living. The rapid development has attracted several multi-national companies from all over the world which has demanded workforce to a great extend. Expatriates have entered this emirate from all over the globe, thus contributing to the increasing demand of residential and commercial units. The property Dubai market is one of the most preferred destinations for investors from all over the world. Property Dubai has something for everyone right from innovative projects to grand luxurious ones.

One spectacular creation by Emaar properties is Dubai Marina, which is also referred to as “a city within a city”. Emaar Properties is a Public Joint Stock Company based in Dubai and is one of the largest real estate developer in the world. Dubai Marina is a man-made marina which is situated close to the Interchange 5 Sheikh Zayed Road. This property is easily accessible from Emirates Golf Club and Dubai Internet City. Dubai Marina is the world’s largest man-made marina leaving Marina del Ray in Los Angeles, California, behind.

This property would host about 20,000 apartments and would have approximately 80,000 residents. Dubai Marina is one of the most prestigious residential cluster, for Emaar properties and has about 70 towers being constructed. Who would think, in Dubai one would have the luxury to experience the waterfront. Now it is one of the most sought-after location to offer a lifestyle with all contemporary amenities and chic living with a home on water. One can experience the timeless beauty of the fresh sea breezes, which is reality out of an average resident’s dream.

Al Majara

These towers are a 5 building residence property which offer high rise residential apartments. Al Majara tower offers residential apartments with 1, 2 and 3 bedroom suites. Building 4 and 5 offer spectacular views of Dubai Marina and Gulf and is located next to the Dubai Marina Motor Yacht Club. This property offers units ranging from 744-1166 square feet. Al Majara offers excellent facilities which are ideal for a convenient lifestyle. This property include multi-functional rooms, movie theatre and 15 square feet fitness club, swimming pools on outdoor services and a gym with excellent fitness equipment. In addition, there are Jacuzzi and steam room, spacious entrance lobby, meeting rooms, lounge facilities and beautifully landscaped gardens, courtyards and reflecting pools. This project has been completed and comprises of standard apartments.

Dubai Marina Towers

Dubai Marina Tower’s first phase includes 6 towers out of which 3 are named after Arabic Scents which are ‘Anbar’ which is 16 storeys, ‘Yass’ which is 24 storeys and ‘Mesk’ which is 37 storeys. On the other hand the rest three are named after gem stone which are ‘Fairooz’ which is 20 storeys, ‘Al Mass’ which is 28 storeys and ‘Murjan’ with 37 storeys. This project includes Marina Homes and high rise buildings which have already been completed. The units offered are 1, 2, 3, 4 and 5 bedroom apartments and 3 and 4 bedroom villas and each unit size ranges from 1025-6982 square feet. This property offers an array of services and facilities which include Marina Berths, Marina Walk, lap pool at Angasane Spa, BBQ units in North and South towers and outdoor children’s play area. These apartments are luxury and deluxe apartments.

Dubai Marina Mall Hotel and Services Residence

This property is spectacularly located in close proximity of Interchange 5 on Sheikh Zayed Road, the heart of Dubai marina adjacent to the Dubai Marina Mall. This property offers luxury studios, penthouses, 1 to 4 bedroom apartments where each unit is 540 to 3995 square feet. The outstanding architecture offers timeless views of the waterfront and has one of the most opulent lifestyle to offer.

Park Island

This property offers the serenity of water combined with bustling walkways and restaurants. Comprised of 4 residential towers, Sanibel, Bonaire, Blakely and Fairfield, Park Island offers an ideal destination to live modern life. There are 1 to 3 bedroom apartments available with a unit size ranging from 709-3915 square feet. The property includes state-of-the-art technology, tastefully designed apartments, plush gardens and stunningly landscaped parks to offer a tranquil and relaxing surrounding.

Marina Quays

One of the most distinctively designed properties, Marina Quays offers some of the best Marina front towers and home, setting high standards of quality. This spectacular property spreads over the water, additional 20 metres. This gives unrivalled views and excellent waterfront experience. This property consists of 3 residential building apartments which are Quay West, Quay East and Quay North. There are studio apartments as well as 1 to 3 bedroom apartments available and each unit’s size ranges from 619-3441 square feet.  Apart from these residential apartments and villas, Marina Quay also offers several outlets and shops for people living their, to enjoy.

Marina Plaza

This project offers high rise office buildings which are ideal to purchase office spaces and investing in a commercial property. This property offers floor plans which are flexible according to the owner’s convenience. There is finance available for regional and international investor which also has high potential of long-term capital gain. In additional there are well appointed business amenities available for investors, companies and their clients. Located in Dubai Marina Mall Complex, it offers shell and core spaces for multiple or single tenancy and each unit ranges from 3287-4639 square feet. This project is expected to be completed by September 2009.

Al Sahab

This waterfront tower overlooks the largest bay of Dubai Marina, offering spectacular views. Al Sahab is a twin tower property which offers several facilities for its 1 to 3 bedroom apartments and 2 to 3 bedroom villas. Each unit’s size ranges from 768-3232 square feet and this project has already been completed. This property offers some of the most outstanding facilities for a luxurious lifestyle. It includes, a open community area at the tower’s foot which is ideal for social gathering or to relax. There is also a swimming pool available there. For fitness freaks there is a squash court and a well equipped gym available. In addition there are meeting rooms and multi-functional rooms available.

The Abu Dhabi International Motor Show

The UAE has in recent times achieved quite a lot as an economy and is scaling new heights everyday mainly on the global highs of crude prices, a buoyant retail sector and booming tourism industry. The government fully realised that crude would not be a stable source of revenue and hence the profits made from the industry was channelized into the real estate sector that has becoming the foremost industry of the country. Cities like Dubai, Abu Dhabi, Ras Al Khaimah and Sharjah are offering so0mething new and unique to the world and this is what is attracting huge foreign investments into the industry. Unbelievable infrastructure and innovative real estate projects like the Palm trilogy, the World and the Burj Tower to name only a few are attracting the rich and famous from all across the world. Real estate Dubai has seen some amazing works both in terms of design and architecture. Real Estate Dubai has left its mark and is still going strong but other regional markets are fast catching up. Some are buying luxurious villas, golf courses, condos and what not and making the Emirates their permanent home. With the infrastructure in place and a cosmopolitan audience the Emirates has become a favoured destination for major international concerts, live acts and many festivals. The Dubai shopping festival and the Dubai International Film Festival are two such events that attract tourists from all over the world and are much awaited for.

Of late Abu Dhabi which is the capital of the UAE has also become a major tourist destination and the property sector here too has received significant foreign investments. The UAE is fast becoming a major sports destination with international sporting fixtures in golf, cricket, tennis and F1 racing being hosted here. Abu Dhabi became the latest entrant on the F1 map and the UAE became the first country in the Middle East to earn this honour. Not only will this event get massive media coverage every year but will also attract a large number sports tourists from all over the world. Some are even buying luxurious properties near the F1 track and the prices are bound to go up. This major event is now being well complimented by the Abu Dhabi International Motor Show 2008 which is the biggest and most comprehensive show of its kind in the entire Middle East. It was held from December 17 – December 21, 2008 at the Abu Dhabi National Exhibition Centre (ADNEC) with exhibitors from all over the world.

Occupying over 38000 sq. m. space at the centre the show had over 80 exhibitors with a display of nearly 400 latest models from 30 international vehicle manufacturers. The show attracted over 50000 visitors in the five day period mainly comprising of rich vehicle aficionados from all across the region. The event was organised by Reed Exhibitions Middle East and displays ranged from high performance vehicles, luxury cars, concept and hybrid cars, custom-built cars, sports cars, executive salons, family cars, off road vehicles, SUVs, quad bikes, motorcycles and much more. A wide range of commercial vehicles like vans, mini buses, limousines, campers, trailers, trucks, pickups and luxury coaches were also on display. Besides automotive accessories and auto services were also featured in the show.

The UAE Minister of Interior, Lt. Gen. Sheikh Saif Bin Zayed Al Nahyan inaugurated the show on the 17th of December and featured some of the big names in the auto industry such as Jaguar, Toyota, Renault and General Motors among many others.

The highlight of the show was over 15 new launches and many more regional premieres. General Motors unveiled the 2010 edition of the Chevrolet Camaro, the Cadillac CTS – V and the Chevrolet Malibu. Jaguar set fire to the stage with its stylish XKR limited edition and Renault enchanted crowds with four brand new models which comprised of the latest 4X4, the Koleos. Kia unveiled the Soul, Hyundai the Genesis and Toyota and Lexus too showcased new models. Another show stopper was the Lamborghini which was present in the stall of its regional dealers Al Jaziri Motors. Another major brand that showcased itself in style was Mazda who had the biggest arena spread over 987 square metres. Apart from the typical Mazda show stoppers the crowds were enthralled to see the powerful and brand new Mazda6 Ultra. The ‘Oman Salsa Group’ which is a renowned dance troupe wowed the visitors. Besides the cars were decked with pretty young hostesses and sometimes it was quite difficult to differentiate which was more stylish and beautiful.

Exhibitors commented on how the purchase patterns of the industry have changed gradually over the years. Buyers are today more concerned over the safety factors that a car holds like braking, chasis, air bags and stability management systems and factors like speed, price, design and size play a very secondary role on the purchasing decision. Volvo which has its reputation for the world class safety standards showcased the first ever laser based technology called ‘City Safety’. It helps the driver steer through heavy urban traffic by real time monitoring of the areas in front of the car and automatically braking up to avoid collision. The Barnch Sales Manager of Volvo in the UAE, Mr. Adrian Afonso said “Car purchase pattern has shifted today. Buyers, who used to ask about the price, speed and interior design of cars are now comparing cars according to latest and most active safety technologies and pick the ones that provide the best options for them and families”. Other manufacturers like Lexus, Nissan, Jeep and Renault are also highlighting the safety factors in their vehicles.

Overall the Abu Dhabi International Motor Show 2008 was a grand success and catered to a substantial number of buyers in the region who love sophisticated designs and technologies along with raw speed and power. There was something for everyone in the show and it surely promises to get better and bigger next year.

Dubai Palm Trilogy

Dubai Palms is not a single entity rather it is a trilogy of Dubai Palm islands which is one of the most remarkable developments on earth. Soon, these Dubai palms will become the eighth wonder of the world.  They have become the major landmark because of their amazing architecture. This is moreover, the flagship development that is done in Dubai to extend the coastline. Palm Jumeirah is one of the original palms and is a part in the trilogy of Dubai Palm. The names of the other two palms are Palm Jebel Ali and the Palm Deira. We will talk about this trilogy one by one in detail. Dubai palm which is one of the hottest developments in this emirate covers an area of 5 Km which consists of a trunk and there is a crescent shaped island that surrounds 17 fronds thus, act as a breakwater. As far as Dubai coastline is concerned, Dubai palm has majorly contributed in it by adding an extra of 78 Km to it. This massive and luxury development is being added in the list of Dubai property buyers.

The value of the real estate sector here has tremendously increased and this shoot up is also related to the construction of the Palm trilogy. Those who are planning to buy a luxury property in this emirate will surely consider the option at Dubai Palm as the opportunity to own a property part here has increased the demand level. Apart from residential apartments, the property in Dubai Palm features all essential and modern facilities including cafes, restaurants and shops. Number of luxury hotels has been designed across the breakwater. The hotels are expected to link to the mainland with the help of an underwater tunnel and many of them are now approaching completion. It comprises of apartments developed by a renowned developer Nakheel.

Now let’s talk about the Dubai palm trilogy one by one in detail.

The Palm Jumeirah: This has been reclaimed by Nakheel and is one part of the trilogy of Dubai Palm. It is the most recognizable projects in the UAE and it took years of construction. This project has changed the property market trend here and has contributed a lot in the appreciating value of the real estate market. It shows the engineering capabilities of that great developer and has helped the real estate market in many ways. This property includes luxury 1, 2, 3 and 4 bedroom shoreline apartments providing the highest and modern standards of living. This property cannot be questioned when it comes to luxury and comfort. There are town houses with views of man-made beaches. The Palm Jumeirah of Dubai Palm also includes garden and signature villas with the privilege of an in-house swimming pool.

This has now become one of the most popular addresses in Dubai and the fascinating stories about this luxurious property have reached many celebrities and VIP’s from across the globe. Signature and garden villas make use of most of the branches of this palm tree shaped island featuring private beaches and all luxury facilities which one could think of. Marina residences are constructed on the northern edge of the trunk including 6 freehold residential buildings with 12 penthouses and 858 apartments.  Few other developments that are being done in Palm Jumeirah are: The palm residence consisting of two residenbtial buildings on the eastern shore of the trunk. Then there is Lighthouse hotel and residence and Logo Islands etc. Moreover, this island is expected to cater 4,000 residences. This is one of the islands of Dubai Palm.

The Palm Jebel Ali: Out of the three palm islands in Dubai Palm trilogy, this palm island, Jebel Ali is an island completely dedicated to entertainment. Although this island is an expansion of the original palm Jumeirah but it is about 50% larger as compared to the original island again featuring freehold properties for Dubai property buyers. The complete structure of the island is the same with that of its predecessor however; there are few added attractions to it for property investors planning to invest here. As far as the location of this island is concerned it is located out from the city. Just like Palm Jumeirah it also consists of garden and signature villas which appeal to most of the property investors. This project is started after visualizing the success of the same type of properties in the original property.

Moreover, the concept of this property construction is the same however; it’s more of a tourist destination.  This project will create large number of leisure, residential and entertainment facilities with a unique and attractive setting. Palm Jebel Ali consists of 2000 signature villas, townhouses and garden homes. The project was expected to get completed in 2006 however, it got delayed by several months but despite of this fact the residents have already moved in to enjoy the luxurious living there. As far as the entertainment facilities are concerned, kit schedules shopping complexes and water parks. Rest assures every comfort as it is there in the original island.

The Palm Deira: This island is the largest of the three located in the Deira coastal area of the emirate. It covers 14 Kilometers in length and is 8.5 meters wide. It again consists of all kinds of residential properties, shopping malls, sports facilities and marinas. The residential area of Palm Deira will contain two storey townhouses in three distinct styles. It includes Grand Villas, Vista Town Homes and Premier Villas. This palm shaped island consists of a trunk crowned with 41 fronds and there is a surrounding crescent island forming a water-break.

This island has been carved into 9 districts such as Palm Crown, Central Island, Palm Fronds, Deira Island, Palm Trunk, Pal, Crescent, South Island, Al Mamzar Island and North Island. There are various zones in this island including the Theater and the concept square, The Marina, The Boulevard, West Business District, Meadows Park and The Promenade. These are three islands forming the complete structure of Dubai Palm.

Abu Dhabi and Dubai Leads The Real Estate Sector in UAE

UAE today has a booming economy, with a growth rate of about 13 percent. This fastest growing place has its real estate sector contributing the most to it. Talking about the real estate sector, it has given some unique architectural properties with stunning designs. Dubai and Abu Dhabi, the two important Emirates, are showing a rapid growth in their real estate sector. These places have experienced the boom in their economy and let 4047 real estate and related companies grow, between them. Out of which 1588 companies and contracting offices are in Dubai and 1588 management, investment and real estate companies in Abu Dhabi. On the Index of Economic Freedom 2008, UAE has had a overall score of 62.8 percent and was ranked 63rd. Also, as per a global survey, UAE was ranked sixth most popular destination to work and number one destination for workers already based in the Middle East.

‘As one of the country’s most profitable investment sources, the real estate sector is attracting the attention of investors from all over the globe, due in large part to the composed projects and environment that the market provides for investment,’ Ali Fakhruddin, Director of leading UAE real estate company Fakhruddin Properties, commented following the release of these figures. ‘As a result, bank funding for the real estate market alone in 2007 amounted to 45 billion dirhams -, of a total of 75 billion dirhams – allocated for the construction sector,’ he said.

Dubai Real Estate

Let’s first talk about Dubai real estate. Dubai has been growing intensely, especially in the real estate sector. It offers some of the most lucrative investment properties with spectacular returns. Dubai has maintained and retained it’s real estate value, even when the global economic slowdown has led to the property prices fall all over the world. With stunning properties and distinctive architecture, it has redefined the luxury living. Properties like The Palm, Burj Dubai, Dubai Land, Business Bay, Dubai Sports City, Dubai Waterfront, Jumeriah Lake Towers and several more, have been developed in Dubai and some of them have even created world records for their architecture. Also, some of the most renowned celebrities have bought properties in Dubai and are delighted to have their names associated with them. This includes, stars like David Beckham, Shahrukh Khan, Michael Schumacher, Armani and several more.

With the introduction of Freehold Law, a huge number of foreign investors have been encouraged to enter the market. This law was passed in 2002 to boost investor’s confidence in the real estate market and its legal system. Most foreigners find it convenient to invest in properties in Dubai, so that they can go through the entire procedure without any hassle.

In addition to these, several multi national companies have entered Dubai and the favourable law which operates in Dubai, like the “no tax” law, has attracted skilled and professional workers from all over the world, which in turn have increased the demand for residential as well as office spaces. One such instance is the entertainment and recreational project, The Emirates. This spectacular project has already caught the international attention.

Abu Dhabi Real Estate

Abu Dhabi is all set to compete with Dubai. It is the largest Emirate and the capital of United Arab Emirates. It is known that the Abu Dhabi economy is growing and is predicted to increase its GBP to 30 billion. With the rise in prices in Dubai property Abu Dhabi is the next destination, where the investors have a lucrative opportunity to invest in the real estate sector. One other factor that governs the popularity of Abu Dhabi, as a destination for property investors, is its perfect location. It is situated at Dubai border and gives convenient access to Dubai airport and the Jebel Ali Freezone and harbour are easily accessible from here.

One compelling factor which has led to the boom in Abu Dhabi properties is the introduction of new property ownership rules. This has welcomed foreign investors from all over the world to invest in Abu Dhabi’s real estate sector. The new law suggests that the sales contract for any real estate needs to be registered with the Emirate’s Land Department. This law would be introduced to strengthen investor’s confidence in the property market in Abu Dhabi. The other law suggests, here properties are available at 50 to 99 years lease, which currently only applies on properties and not on land or in other words it is applied to only apartments. Also, these new laws have attracted several investors to commence their projects in Abu Dhabi and it is anticipated, the new law would attract several investors. One such instance is the Al Raha development. The first phase of this development has been sold out and every unit was bought by the local emirates.

Abu Dhabi is the destination of stunning infrastructure, magnificent shopping complexes and exquisite tourist developments. It is one of the safest tourist destinations and offers best tourist facilities. Today it holds more than 120 million trees and offers luxury hotels, parks and gardens, lavish villas and mansions, making it an ideal destination to live in.

Concluding this discussion, Abu Dhabi is said to be next to Dubai. The investors who cannot afford to invest in properties in Dubai are today turning to its neighbouring Emirate Abu Dhabi. With the introduction of new laws people have geared up their investments in Abu Dhabi as well. But the experts say, Abu Dhabi still needs to revive its real estate laws and take it to the standard where Dubai is today.

Abu Dhabi – A Massive Freehold Property Market

The real estate market in Abu Dhabi has been growing exponentially in the last few years. Abu Dhabi and the other emirates of Ajman and Ras al-Khaimah are following the lines of Dubai which already is a major global property market. Favourable investment conditions have really thrust the Abu Dhabi real estate market ahead and it has a huge chunk of the freehold property business in the Middle East. The Abu Dhabi market is growing fast and resembles the Dubai property market in its heydays. Freehold properties refer to those properties in which the owner has complete and unconditional ownership of the land and the structures on the land. It is very important to exactly understand what the freehold and leasehold properties mean and how they are different from each other in terms of holding and value. The owner of the freehold property can do whatever he or she likes with the land or property but only in accordance with the regulations of the local planning. Hence one has greater control over the freehold properties and they are general much costlier than the leasehold properties. There are numerous advantages of owning a freehold property. One is the sole owner of the property and there cannot be any disputes as such and hence legal hassles in cases of freeholdings are quite less.

Some major and highly sought after freehold properties in the Abu Dhabi market is being discussed here.

• Al Raha Beach Development – The Al Raha Beach Development is located on the Abu Dhabi – Dubai highway and is a beachfront project just across the Al Raha Gardens. $14.7 billion is being put in on this development which is on the land of the Al Raha Beach Complex with an area of over 73.2 million sq. feet. The total built up area is nearly 12 million sq. mts. This project will serve as the major entrance to the Abu Dhabi city and will hold upto 120,000 people in the sixty storeyed towers and low rise structures. There are 8 commercial and residential districts all uniquely designed to create a different appeal. The sub developments that are in the Al Raha are Khor Al Raha, Al Bandar, Al Seef, Al Wateed, Al Rumaila, Al Lissaily, Al Nakhel and Al Razeen. Various themes of nature, human aesthetics and contemporary design have been used in these freeholdings. Properties range from apartments, townhouses, villas, private residential islands, boutiques, restaurants, waterside homes and many more. Being very close to the waterfront a host of leisure activities are available here and different clusters have been put together to create communities of people. It is an absolutely fabulous place to stay at.

• Dolphin Towers – The Dolphin Towers is part of the Al Raha Development and has 400 one, two and three bedroom apartment condominiums with ten exclusive townhouses housed in the 18 storied towers. There will also be a boutique retail space in the given area. One can easily buy these freehold properties through 90% mortgage financing by the Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) for a maximum period of 25 years.

• Al Reem Island – The Al Reem Island has an area of 633 hectares and constructions on the island are mainly being done by three developers namely Tamouh Investments (60%), Sorouh (20%) and Al Reem Investments (20%). A third party facilities management company Bayt Al Khidma is overseeing the entire project. The island when completed is slated to accommodate nearly 280000 residents and will be a small city in itself with comprehensive amenities like medical clinics, schools, shopping malls, restaurants, hotels, resorts, spas, gardens, a 27-hole golf course, and beaches.

• Shams Abu Dhabi – Shams Abu Dhabi is one of the major projects on the Al Reem Island and will mostly comprise of residential and only one-tenth of the area will have commercial and leisure facilities. It is estimated that around 100 skyscrapers will come up in the area with nearly 22 thousand residential complexes and magnificently huge park. It is going to be one of the biggest freehold developments in the entire area.

• Najmat Abu Dhabi – The Najmat Abu Dhabi will be a major urban waterside community development venture at the southeast entrance to the Al Reem Island. A mixture of traditional Islamic and modern architecture has been used to create residential complexes with comprehensive facilities like schools, health centres, beautiful parks and efficient public transport systems. More than half of the land in the project will be dedicated to open spaces, playgrounds, walkways and elegant parks. Three Marinas, the Bay Centre Marina, Residential Marina and Resort Marina will be the added attractions. The Bay Centre Marina will be the hub of business and entertainment in this group of freeholdings.

There are numerous other major freehold properties being developed in the UAE especially in Abu Dhabi. Oceanscape, Golf Gardens, Lulu Island, Saadiyat Island, Al Mamoura, Al Raha Gardens are some other major developments. Freehold properties not only give you the best that you can buy in Abu Dhabi but also have the ultimate comfort, facilities and luxury that one can ask for. It is about time that the freehold property market took the Emirates by storm. The Dubai property market has already seen quite a lot of activity and the Abu Dhabi market id fast catching up.

Burj Al Arab – Epitome of Luxury and Hospitality

In past few years Dubai has seen a rapid change in its landscape, predominantly due to the magnificent properties developed by some of the best property developers in the world. Opulent lifestyle and spectacular properties have redefined the 21st century lifestyle. Dubai today has one of the fastest growing economy and has attracted immigrants from all over the world to en-cash the opportunities offered by this magnificent emirate. Dubai real estate has some of the record setting development such as the The Palm and Burj Al Arab. Dubai real estate has truly set the trends for the design and architecture world to follow and live up to.

Talking about Burj Al Arab, it is the only seven star hotel in the world and sets world record for its height. The hotel stands 321 above the Arabian Gulf and is one of the most stunningly built property in Dubai. Located perfectly on Dubai’s coastline, it is offers unmatched comfort and luxury. This hotel has been built in the shape of Arabian sail of dhow and has choreographed sculptures of fire and water to add to its unique architecture. Built on an artificial island on Jumeirah beach, a private curving bridge connects it to the mainland.

The cost of building this magnificent property was approximately $650 million. The construction began in 1994, by Murray and Roberts a South African construction company. Also, Atkins, Britain’s largest multidisciplinary consultancy firm extended their support as the architect and the engineering consultant.

Burj Al Arab is tastefully decorated with contemporary settings. The sumptuous interiors and excellent service reflects the opulence of the hotel. The hotel is embedded with spacious living and a dinning area. Technology plays its significant part in reflecting the efficiency of the hotel with automatically closing the curtains and controlling the 42 inch Plasma television. There is also a helipad constructed 200 metres above the ground.

ROOMS

The hotel has earned outstanding popularity for the past few years since it has opened. The hotel offers well appointed suites which includes from one bedroom deluxe to a Royal suite costing from US $1000 to US $10,000 respectively. The property gained ninety percent occupancy rate even after six years it had opened. The hotel hosts 202 luxurious suites, each built with two floors. The rooms are generously spaced with 169 sq metres to 780 sq. metres. The rooms are ergonomically designed with floor to Ceiling window which offers timeless beauty of the Arabian Gulf.

The luxurious Deluxe suite possesses one bedroom. It covers 169 sq mtrs of an area and has a beautiful spiral staircase. The lower level has been spectacularly designed with the large lounge with a living room, a dinning table is set for four people, a guest washroom and a private bar counter. However, the upper level consists of a bedroom with a twin bed or a king size bed, a dressing room and a luxurious bathroom which consists of Jacuzzi. As a part of the luxurious service there is a Rolls Royce or a BMW available at an additional charge.

However, another set of suites available are the super luxurious Royal Suite. These suites are the epitome of an excellent lifestyle. Located on the 25th floor, with striking interiors and exclusive furnishing, it stands alone for being one of its kinds. These rooms have been set up with leopard print carpets, marble and gold staircase and excellent quality mahogany furniture. The lower level of the room has Arabic style lounge and a dining area. The upper level on the other hand has a bedroom with a splendid four poster rotating bed and a luxurious bathroom which has, a walk in shower, fine proclaim fittings, fragrances and body products. As a part of the luxurious service there is a Rolls Royce or a BMW available at an additional charge.

HOSPITALITY

Impeccable hospitality is offered by this superb hotel which attracts travellers from all over the world. It stands strong amongst its competitors like the Emirates Palace, in the UAE. This luxurious hotel’s construction cost mounted up to three billion US dollar. The hotel offers first class service which enables to have their hotel services personalized according to their comfort. The private butler will ensure every intricate detail is met to offer utmost comfort to our guests. This unparallel service also includes following the checking in procedures in the privacy of hotel’s suite. The well trained staff also caters efficiently to their international guests and the staff can speak 15 languages as they come from several countries.

LEISURE FACILITIES

You can not only enjoy the luxurious surroundings and services, but the hotel hosts several facilities which include, two swimming pools, a squash court, treatment rooms, oriental massage, hydrotherapy baths, steam rooms, sauna, Jacuzzi, two absolutely well appointed fitness centres and an aerobics floor. On the 18th floor there is an Assawan Spa and Health Club situated which gives breath taking views of the Arabian Gulf. There is also an unlimited access granted to Wild Wadi Water Park.

LOCATION

Located in the Jumeirah Beach area in Dubai, this hotel is 15km away from the centre of the city and 25km from the Dubai International Airport.

Dubai has achieved success in not only offering their travellers a world class experience, but also to people living in this emirate. With spectacular malls and entertainment parks Dubai is an ideal destination to explore at leisure. With its favourable economic and political conditions, it couldn’t be easier to taste the luxury of life.

A Global Business Center – Business Bay

Dubai has now started turning into a global business center and people have started investing in there as well. As we know that the Dubai property market is constantly rising and thus, many corporate multinational organizations have started setting up their businesses and organizations in Dubai. Just like the residential property in Dubai, the commercial property is also rising and they are planning to fulfill the requirements and demands of every person staying there. Many well known commercial properties are under construction in Dubai. Business Bay in Dubai is one such business district which is under construction and will soon turn into a global business hub. Business bay is a central business district. It is a kind of a new city which is being developed within the city of Dubai. This business district is located in Dubai’s downtown. It is not only a commercial but a residential district as well and is comparable to Ginza which is in Tokyo and Manhattan in New York. Business bay scores 100 percent on location as it is very closely located to the International Financial center in Dubai and is even close to Dubai International Airport.

This project covers the large area of around 64 million square feet and it includes both office and residential units. Moreover, this is an ideal business place for people staying in Burj Dubai, Deira and other adjacent areas. It marks a convenient place even for those who are planning to shift their businesses near to it or in business bay itself. This business hub provides the best of business as well as residential facilities along with stunning views and sheer size and capacity for corporate head offices. This mixed-use development will soon be completely functional and operational and it is expected to get completed by the year 2010. Due to this extensive range of corporate facilities many regional and multinational firms will be well established here. Business bay is a very big project that consists of numerous skyscraper buildings. It has 230 more buildings which attracts many commercial and residential developments.

As far as property developers are concerned, various towers and buildings in Business Bay are being constructed by some of the top most property developers in Dubai. The Dubai property market is witnessing a phenomenal growth and innovative projects which have been never seen before. The complete project is created by His Highness Sheikh Mohammed bin Rashid Al Maktoum and is still under construction. This project once fully constructed will be very beneficial to the people in Dubai and those coming from overseas for business reasons. Although, there are many commercial properties there in nearby locations such as Dubai Financial center, Dubai media city however, they all have some limitations in it as they are just open for very few specific business activities. On the contrary business bay is likely to be the hub for every industry which is operational.

If we talk about the current pricing of the business bay, it is said that the prices of this central business district will cross Dh. 5000 per square foot. This report has been predicted by an industry expert. Moreover, this is a free trade zone that provides a better infrastructure and a better environment for corporate to function. Some of the towers and buildings inside Business bay are being developed by Dubai properties. Apart from this the majority of buildings are being constructed by a number of independent and local developers. The most well known and importantly constructed buildings at the bay are:

• Burj Al Najoom
• Chrchill Tower
• Executive Tower D, E, J and M
• Bayswater
• One Business Bay
• Lotus
• XL Tower
As far as the towers in business bay are concerned, there are a total of 46 towers including: The Bay Gate, The Forum, XL Tower, Al Manara, Crystal Tower, Burj Al Alam, The Prism, Iris Bay, Sky Tower 1, The Exchange, One Business bay and there are many more. The design and other hi tech modern amenities will take these towers a long way in terms of popularity.

It is just a new extension of the famous Dubai creek that extends from Ras Al Khor to Sheikh Zayed road. Let’s talk about few important constructions in detail:

Churchill Tower: This is a complex consisting of two towers and is located within the business bay. Out of the two towers, a tower named Churchill residency is the taller and as the name suggests it is a residential tower consisting of 59 floors. Other tower named Churchill executive is an office tower. This tower has 43 floors in it. The construction of these towers got started in 2006 and is expected to be completed in 2010. Moreover, the Churchill tower is being developed by Emirates national Investment.

Executive Towers: There are 12 towers under Executive towers which are currently getting constructed in Business bay. Out of these 12 towers, 10 towers are residential ones, 1 is a hotel tower and the remaining 1 is a commercial tower. The commercial tower is known as the Aspect tower and the Executive hotel tower is the hotel one. These two are the first buildings which got completed and are just located near the entrance of business bay. All these towers are connected with each other with the help of a three-storey podium and it also connects the closely located Vision Tower. This is a three level podium and on the first two levels they have a Bay Avenue shopping mall and water front terraces.

So, here is the description of few very famous towers in Business Bay however; most of them are under construction at this point in time. Similarly, there is another well known tower known as the XL Tower which is expected to get completed in the year 2008. Thus business bay will set up new and unique standards for the next business generation not only for Dubai but for even for the rest of the world.

Yet Another World Class Creation – International City Dubai

 

The thriving hub of economic growth – Dubai has people migrating from all over the world to experience the opulent lifestyle offered by this Emirate. This spectacular city stretches along the Persian Gulf on the Arabian Peninsula. The favourable political and economical stature has made Dubai an ideal destination to live. Being an Islamic country and having deep rooted traditions, this emirate has welcomed immigrants from all over the globe with open arms. The Dubai property sector has contributed immensely in its economic growth. The properties developed here have created world records. Investment in Dubai property has been the most lucrative because of high returns and are in great demand. With the ‘No Tax’ environment and the introduction of Freehold Law, the real estate sector of the emirate has been given a tremendous boost.

 

Nakheel and Emaar are the two top property developers who have created strategic architecture, which has led to the boom in the real estate sector in Dubai. Talking about Nakheel, it developed one of the most outstanding properties in 2001 – The Palm. Palm, Jumeirah, Jebel Ali and Deira have one of the most magnificent architectural creation which has attracted large number of international residents, leading to huge foreign investment.  This spectacular developer was established in 1990 and has recorded a profit of $770.5 million in the first half of 2008. Nakheel is also involved in developing several freehold properties on a huge scales and it involves luxury developments, retail spaces and several others.

 

Yet another development by this spectacular corporation is the International City – Dubai.  This is exclusively designed with themes which have been inspired by uniquely designed Middle East traditional carpets. This property has tourist attractions, residence and office properties and has been developed generously covering 8 million square metres of land. Interestingly, International City can accommodate about sixty thousand people and it contains one and two apartment units and studios. This property is located between interchange 5 and 6 Emirates Road, along the Dubai-Hatta road and in Al Warsan Region in Dubai. The property enjoys the benefit of being located just 5.4 miles from the Dubai International Airport, which takes about 15-20 minutes drive from the city. Also, this property consists of cosmopolitan residents from all over the world and features China, Russia, Italy, France, England, Morroco, Spain, Persia and Greece, Regions.

 

 

Significant Areas in International City

 

1. The Central District: This 2,40,000 square metre district is ideally situated centrally in the International City. It is considered to be the hub of commercial base which includes leisure amenities and residential properties. The Central District consisted of 34 plots which have been sold to independent developers or private investors who have developed their projects, working under guidelines laid by Nakheel. This property would provide home to corporate offices, retailers and wholesalers.
2. Dragon Mart Complex: Outside China mainland, Dragon Mart Complex is considered to the largest trading centre for Chinese products. This property offers great entertainment and shopping facilities. More than 3000 Chinese companies have made this place a permanent base for exhibitions and commercial trading. It features fully equipped eight, warehouses and array of retail products catering to both consumers and wholesalers. In additional, this magnificent place offers food courts, business centre, parking space for 2000 vehicles, Banks and ATM machines and post office. This shopping mall is beautifully constructed in the shape of a Dragon and spreads across 50 hectares.
3. Residential District: This district represents various architectural style representing regions from all over the world, which include China, Russia, Italy, France, England, Morroco, Spain, Thailand, Indonesia, Persia and Greece. There are 413 buildings comprised of 5254 retail units and 23,847 studios and apartments. This property can accommodate approximately 60,000 people.
4. Lake District: This comprises of 34 building with 1375 apartments. This spectacular property has been built around the Al Warsan Lake. This 25 hectare lake is the home for 300 most exotic birds and boasts about some of the most colourful flora and fauna in the world. Each building can be distinguished from the other on the basis of architecture, colour and its height. The mid-rise buildings are made of 7-12 storeys comprising of one to two bedroom apartments.
5. Forbidden City: This is a replica of Iconic Forbidden city in China, covering 240,000square metres. This property hosts several entertainment facilities which include, a 5 star hotel, retail and food outlets, Chinese themed shows and exhibitions are organised here. In addition Forbidden City offers residential option with several studios and one to two bedroom apartments.
6. Dubai Design Centre: Also known as Dubai Gates, occupies the Internet City by three sides. This property is exclusively used for temporary and permanent exhibitions. To accommodate visitors as well as exhibitors this Dubai design Centre consists of two hotels with three to four hundred rooms each.

 

Benefits of Investing in International City

 

• Superb rental potential.
• Properties have competitive prices as compared to open market value.
• Located in close proximity to Dubailand and other tourist attractions in Dubai City.
• Tax free status of Dubai.
• Offers large international exhibition market, for instance in Dragonmart displaying exclusive Chinese products.

Dubai Luxurious Villas

The real estate opportunities in Dubai are getting maximized and so are your return on investments. This emirate is facing real estate boom and if we compare this with other European realty markets, the property curve in property markets in other countries have started declining however, if we look at the Gulf States, the property market here is not only alive but it has been placed on a positive benchmark. The statistics of Dubai property shows that there has been 15 to 20 percent price rise in most of the popular emirates in the UAE including Dubai, Ajman, and Abu Dhabi etc. Moreover, if you look at this property market growth in Gulf States especially, in Dubai then you will find that there are certain reasons due to which we are noticing this high property boom here.  The first and the foremost reason for this boom are high oil prices. The oil prices in the UAE have risen in past few years and now they have stand at very high historic levels. Even in the mortgage market higher interest rates have also increased the monthly borrowing costs. Moreover, this emirate is one of the latest in luxurious properties and is well known for its stupendous buildings and great architecture. Moreover, Dubai offers extensive facilities and they try to develop properties at prime locations.
 
Moreover, if you are searching some property investment options there, then you will find a lot of them as Dubai offers wide variety of apartments, studio apartments, townhouses and luxurious villas. All properties in Dubai are combined with ultra-modern facilities. This place offers a unique lifestyle and there are 15 property free zones in which the developers can construct freehold Dubai property. Furthermore, if we look at the rise in property development in Dubai, it has been tremendous due to certain factors.

• This emirate has no tax on property related issues and on capital and income.

• There are selective properties for which you get automatic residency visa.

• Moreover, the quality of construction speaks in terms of its high standards.

Dubai property market is quiet updated and it offers wide range of villas to suite everybody’s taste and of course they have been designed as per the budget needs of the customers. At this point in time the property market here is really high in demand for luxury villas. Moreover, with such diverse variety being available in the freehold property market, no wonder why people will not buy such luxurious villas. The villas here are embellished by great landscaped areas, perfectly manicured gardens and lovely views that cater to residents who have shown trust in this kind of property here in Dubai. These have now stroked the buyer’s interest as the residents feel that they are living in a hugely popular and a stylish concept.

The excellent range of luxury villas is available including affordable springs, Signature and Garden villas in Palm Jumeirah and at other locations. Earlier when the freehold property market got opened for foreign nationals, there was a cluster of premium villas such as Emirates Hills, The Meadows and The Springs. These luxury villas in Dubai are popular because of the fact that they are offering premium and ultra-modern facilities. Some of the reasons that why these villas are so popular includes:

• The luxury Dubai villa has all branded utilities and accessories.

• The designing structure of villas here is amazingly unique and combined with both Arabian and Western architectural styles.
 
• The pricing structure of these villas is quiet moderate in comparison to American, Asian and European standards.

• Moreover, there are high standards of security involved.

• The villas are surrounded by lush green manicured gardens, swimming pools and other recreational facilities.

These are some of the facts which made Dubai villas popular among property investors and buyers. Let’s discuss some of the well known Dubai villas to get an overview of their popularity.

Jumeirah Village: This is the place which has been dwelled in tranquility, harmony and comfort and you have endless possibilities here. Jumeirah village collectively has 2,000 spacious villas. These villas and townhouses here are built in classic Arabian architecture and it provides a real sense of community living style. They offer you a living space that offers a blend of comfort and convenience. The spacious villas here have a range of 1 to 4 bedrooms of different size and locations. Some of them also have balconies so that you can enjoy magnificent views from there. Moreover, this property type promise for that true world class living.
 
Signature Villas:  Another category that we have in villas is the Signature villas offering stunning beachfront residences. This freehold property is developed on the shores of The Palm Jumeirah in Dubai. They embody the best of Arabic and European architectural design and they offer a range of extensive facilities. Every property here in Signature villas have luxurious standards of living as it includes a private beach and a swimming pool and it ensures complete privacy and luxury which is required. Moreover, this Dubai villa offers:
• They have variety of designs, styles and layouts for villas.

• There are health and recreation clubs.

• There is an exclusive Marina clubhouse.

• The villas overlook superb ocean views and lot more

Moreover, the value of these property types have tremendously increased by over 100 percent or even more than that because of the comfortable and luxurious lifestyle available here.