in 2014, Dubai was recently announced best city for real estate investment returns. According to a Knight Frank report, Dubai is ranked 1st in world cities with most rent increase in the 12 past months up until September. Rent in some premium communities rose to 12.4%.
“As against the 3 or 3.5 per cent on a premium residential investment in New York or London, and 4 per cent in Singapore, Dubai’s rental yields remain locked at 7-8 per cent,” said Hussain Sajwani, Chairman of Damac Group.
Billion dollars deals are agreed on in Dubai and the UAE every day and we would like to keep you updated. This is our round-up of this year’s investments in the real estate market in Dubai. Our featured developer is Emaar Properties.
Lila coast-style villas in Arabian Ranches
Lila will feature 219 villas in five types, ranging from three to five bedrooms, each with private plots for gardens and outdoor decks. Residents in Lila will have access to speciality dining options, a medical clinic, day-care centre, schools and a grocery store. They can also take advantage of the Arabian Ranches Golf Club, the 18-hole, par 72 signature course designed by Ian Baker-Finch in association with Nicklaus Design and Dubai Polo and Equestrian Club, boasting unmatched equestrian activities. Read more.
Vida Residence in Downtown Dubai
Emaar Properties launched a new 57-story residential tower in January downtown Dubai. The development project will yield 320-unit apartment complex. The tower connects to the existing Vida Hotel, which provides full services to the residents, via an air-conditioned glass bridge. Read more.
‘Boulevard Point’ Homes in Downtown Dubai
The Dubai Boulevard Point is a 63-storey tower featuring 297 residences in Downtown Dubai. The projct will be located above The Dubai Mall extension and will offer direct access to The Dubai Mall via a bridge link. Read more.
Rasha Villa In Dubai’s Arabian Ranches
Designed to reflect the architectural features of Spanish coastal villas, the Rasha development features 140 villas – all four to six bedroom units. Read more.
2nd phase of Mulberry at Park Heights in Dubai
Set in Mohammed bin Rashid City, the second phase will feature about 330 apartments set “amid a green verdant landscape”, according to Emaar, which is developing the project in a joint venture with Meraas Holding.
“Emaar’s domestic project launches have been phased and restrained, at between 500-1,000 units per sales round. This has ensured the full absorption of each residential product, and has served to mitigate supply shocks to the market,” said Mohammad Kamal, the research director at the Dubai-based bank Arqaam Capital. Read more.
Spanish-style ‘Aseel’ Villas in Arabian Ranches
‘Aseel’ is 55 exclusive units in four- to seven-bedrooms, offered in five types of villas, overlooking the golf course. Featuring high-quality finishes, world-class fixtures, and unmatched amenities, the ‘Aseel’ villas derive inspiration from renowned Spanish design and architecture, and are set against the serene backdrop of desert life. Potential residents can choose from four, five, six, and seven-bedroom homes, which are offered in five different types of villas. Read more.
Tower in Boulevard Crescent in Downtown Dubai
Emaar launches second tower of BLVD Crescent in Downtown Dubai The Second phase of BLVD Crescent features luxury one, two, and three-bedroom residential units, within a 20-storey tower. Emaar will simultaneously launch Boulevard Crescent Tower II in Dubai, Abu Dhabi, and Kuwait City. Read more.
And very recently in November…
Luxury Residential Project in Dubai Creek Harbor
The Dubai Creek Harbour at The Lagoons mega project will include 3,664 office units, 8 million square feet of retail space, 39,000 residential units and 22 hotels with 4,400 rooms, while the centrepiece will be The Dubai Twin towers, which will be the tallest twin towers in the world. Read more..
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Dubai Real Estate 2014 Investments In Review
Occasionally, we will share new real estate investment news in Dubai and the UAE througout our blog. This is a round up for investments announced in November 2014