LuxuryProperty.com Blog https://www.luxuryproperty.com/ Blog posts for LuxuryProperty.com en-gb testbydocs@gmail.com Copyright 2018 Emaar’s Summer Offer for Downtown Dubai https://www.luxuryproperty.com/emaars-summer-offer-for-downtown-dubai

As temperatures continue to soar across Dubai, mega developer Emaar is bringing a heat of a different sort to its residential offerings in the city. Post-handover payment plans have been extended and Dubai Land Department (DLD) fees have been reduced for all projects except Grande at the Opera District and The Grand in Dubai Creek Harbour. This is an excellent opportunity for the discerning buyer or investor to get a truly fantastic deal on some of Dubai’s best properties. If you really want to feel the heat, though, then you will want to avail of the offer in Downtown Dubai.
 

Over the summer, two properties in Downtown Dubai will offer the following:

 
  • Pay 25% on handover

  • Pay 75% over 5 years post-handover

  • Get 100% off on DLF fees

  • Live free of service charges for 3 years

 

This deal is only applicable to Downtown Views II and Act One/Act Two, both of which enjoy very prime positions in the district. Downtown Views II is made up of three towers tanding 60 storeys high. It is located across from the Dubai Mall and is directly connected to it through a covered link bridge. This allows for easy access to the heart of the Downtown district while also providing good connectivity to the rest of the city. Act One/Act Two stands alongside the magnificent Dubai Opera and has a beautiful stepped facade that is inspired by the Dubai Fountains and is designed such that each protruding balcony looks out over unique panoramas of the Downtown skyline. Both developments are only a short walk from and have a direct view of the Burj Khalifa.

 

As one of Dubai’s most central districts, Downtown Dubai is a hub of commerce, leisure and retail in the city. Residents will be ideally positioned so they can explore the rest of the city and its attractions with ease, though the district itself has every amenity you could possibly need. For investors, Downtown Dubai is a solid option as well with a consistent yield upward of 5.5% over the past 12 months.

 

To learn more about this fantastic offer or to inquire about specific properties, get in touch with us today.

 

]]>
Tue, 14 Aug 2018 14:45:00 +0000 https://www.luxuryproperty.com/emaars-summer-offer-for-downtown-dubai Market News
Second Citizenship In Growing Demand https://www.luxuryproperty.com/second-citizenship-in-growing-demand

According to the latest figures released by Dubai-based immigration firm Bluemina, there has been a sharp rise in the number of UAE expatriates seeking a second citizenship over the past year. Over 67% of expatriates were looking at getting a second passport just within the first six months of 2018.

 

As we have previously discussed, the benefits of a second citizenship are numerous, especially in terms of mobility and security. Countries that offer citizenship by investment as an option have passports that allow unrestricted and often visa-free access to several parts of the world, which is ideal for the globetrotting businessman and investor. This also provides the opportunity to set up a nest egg in a nation without any capital gains tax.

 

Having a strong passport in hand can open up several possibilities, including access to greater education and healthcare options globally, which is a boon for investors with families. Little wonder then that in the UAE, the vast majority of high net-worth individuals applying for a second citizenship - over 80% of applicants - consisted of families.

 

Islands such as St. Kitts & Nevis (offering the world’s oldest and longest-running citizenship by investment program) provide citizenship for a family of four at approximately $200,000, which grants them all of the benefits of living in a Commonwealth country for life. In recent years, the minimum required investment for these countries has also decreased, making their programs all the more attractive.

 

LuxuryProperty.com CEO Jason Hayes thinks this is an excellent time consider a citizenship by investment option. “As we see the demand for a second passport increase in the region, the host nations of these programs are also relaxing their requirements. Additionally, more such programs are coming about across the world, not just on quiet islands such as Antigua and Cyprus, but also in the United Kingdom and even the United States has such a program.”

 

Even the UAE has gotten into the game to some extent. While it doesn’t offer citizenship, recent regulations have introduced a special 10-year residence visa for investors. This is expected to boost investment into the UAE and attract a broader spectrum of global entrepreneurs as longtime residents. Combining this with one of the citizenship by investment programs offered in other parts of the world, the HNWI or ultra HNWI family can reap the benefits of watching their local investment grow while enjoying the added security that a second passport provides.

 

For more comprehensive information on citizenship by investment and to find out which program might be most suitable for you, contact us.

]]>
Mon, 13 Aug 2018 11:08:00 +0000 https://www.luxuryproperty.com/second-citizenship-in-growing-demand Citizenship by Investment
A Day in the Life of a Luxury Agent - Episode 2 https://www.luxuryproperty.com/a-day-in-the-life-of-a-luxury-agent-episode-2

Join LuxuryProperty.com Co-Founder, Andrew Cummings as he takes viewers on a tour of a $25 million penthouse with breathtaking views over the Dubai skyline and a $10m beachfront mansion in Episode 2 of the Luxury Property Vlog.

 

Andrew starts the day thoroughly failing at a work out - demonstrating that physical fitness is a desired rather than essential criteria of a good luxury agent. Darting across Dubai Andrew visits Omar A., host of the new show Mental Unblock, tours One Palm by Omniyat on behalf of a client and visits the luxury beahcfront villas at XXII Carat on Palm Jumeirah.

 

]]>
Thu, 09 Aug 2018 18:14:00 +0000 https://www.luxuryproperty.com/a-day-in-the-life-of-a-luxury-agent-episode-2 Videos
Apartment Guide - Palm Jumeirah Trunk https://www.luxuryproperty.com/apartment-guide-palm-jumeirah-trunk

Azure

Located at the entryway of Palm Jumeirah, Azure Residences sits along the eastern side of the trunk. Offering one and two-bedroom apartments, Azure also features a selection of premium amenities including an infinity pool, a signature restaurant, a rooftop gym and direct beach access.

 

Marina Residences

This is a group of six mid-rise buildings on the northern end of the trunk, set in two clusters of three on either side and bordering a yacht marina. The development comprises two and three-bedroom apartments as well as a collection of townhouses, enjoying direct access to the marina and its associated clubhouse.
 

Palm Tower

​A new development coming up on the center of the trunk’s north side, Palm Tower will be directly connected to the upcoming Nakheel Mall and will also feature the St. Regis The Palm along the first 18 floors of the building. The residential units will consist of furnished studios along with one, two and three-bedroom apartments.

Nakheel Apartments

The apartments developed by Nakheel are located primarily on the trunk of the Palm, and consist of multi-building complexes.

 

Shoreline

A group of 20 mid-rise buildings stretching across the right side of the trunk, The Shoreline Apartments make up the largest development on Palm Jumeirah. The buildings are divided in half by a main road such that one side looks out over the sea and the other looks out onto the beautiful Al Ittihad Park. There over 2,600 units, comprising one, two and three-bedroom apartments, and the buildings on the right hand side also have some retail and dining outlets.
 

Golden Mile

Originally developed by IFA Resorts, Golden Mile is currently managed by Nakheel and consists of 10 mixed-use buildings that are split between apartments, office spaces and retail outlets. The development, which runs parallel to one side of Shoreline, contains a mix of one, two and three-bedroom apartments plus a select few deluxe three-bed units. These are generally considered to be some of the largest apartments on the Palm. Residents have access to Al Ittihad Park and Golden Mile Galleria, a retail center that also contains select cafes and restaurants.

Whether you are looking for a studio to use as an occasional pied a terre or a penthouse that will be your primary Dubai residence, you will find exactly what you need on Palm Jumeirah. The famous man-made island contains a fantastic selection of apartments spread along its trunk and the sweeping Palm crescent. The apartments are divided between those by Nakheel (the developer behind Palm Jumeirah), other independent developers, and residential units associated with leading luxury hotel brands.
 

Major Developments

Some of the other key apartment projects located along the trunk are:

 

Tiara Residences

Tiara is a cluster of 7 luxury apartment buildings on the northeastern side of the trunk. Developed by Zabeel Properties, it contains a mix of one, two and three-bedroom apartments plus a limited selection of 4-bedroom penthouses. Tiara offers private beach access, fitness and lifestyle amenities and the facilities of the 6-star Anantara Hotel & Spa.

 

Oceana Residences

Oceana by Seven Tides is a group of 7 residential buildings on the northwestern side of the trunk and forms a nice symmetry with Tiana. It is adjoined by Dukes Oceana, a luxury hotel and serviced residence project with a private beach and five-star amenities.

 

Fairmont Residences

Fairmont is a gorgeous beach resort on the western end of the trunk with a look that draws some inspiration from traditional Arabian architecture. The hotel offers a complete range of world-class services and facilities including fitness centres and a dedicated event space. The residences are divided into elegant one and two-bedroom homes with impeccable finishes.

 

One Palm

One of the most eagerly awaited developments on the Palm, One Palm is a stunning development by Omniyat that comprises three, four and five-bedroom apartments along with a fantastic selection of penthouses. The glass-fronted tower has a unique architectural design and enjoys sweeping views of the Palm, the Arabian Gulf, the Dubai Marina skyline and the upcoming Bluewaters Island. Residents can enjoy premium amenities and world-class services courtesy of the renowned Dorchester Hotel.

 

Five Palm Jumeirah

Five is a five-star hotel next to One Palm on the western end of the trunk and also contains one to four-bedroom serviced residences. The hotel has a distinct silhouette thanks to its glass-fronted square arch gateway and has an elegant contemporary aesthetic. Those living at Five can enjoy exceptional amenities such as a pool courtyard, fitness facilities, concierge service, lounges and beach access.

 

Palme Couture

Perhaps the most exclusive residential development on the Palm, Palme Couture by Innovate Living is a stunning low-rise tower that contains a total of just 14 residences, divided between apartments, townhouses, duplexes and one magnificent penthouse. With high-end marble finishes used throughout, including the pool and spa, along with wood, stone and other natural materials of the most impeccable quality, Palme Couture brings a grand Los Angeles-inspired lifestyle to Dubai.

 

These are but a handful of the apartment options available on the Palm, covering only the main trunk. There are several other fantastic residential projects along the Crescent as well. Below you will find some selected listings from the developments mentioned above. Head over to the Palm Jumeirah location page on our site for more options, and get in touch for further information.
 

]]>
Thu, 09 Aug 2018 12:10:00 +0000 https://www.luxuryproperty.com/apartment-guide-palm-jumeirah-trunk Buyers Guide
Palm Jumeirah Villa Prices - August 2018 https://www.luxuryproperty.com/palm-jumeirah-villa-prices-august-2018

Custom-Built Villas

The Dubai Marina skyline, Atlantis Resort and Burj Al Arab are frequently the views most desired by buyers of Palm Jumeirah villas. The villas with clear views of one or more of these iconic structures often sell for a premium in comparison to those with standard views of the sea and the other fronds. It is likely that new additions to the Dubai skyline such as the Royal Atlantis Hotel and Dubai Harbour will have a positive impact on the prices for some of the villas facing these developments in the future.

Experienced and professional real estate advisors are knowledgeable about the current market trends and can advise you accordingly when it comes to pricing a specific Palm Jumeirah villa. If you want to determine the best price to sell your villa or to buy a villa on Palm Jumeirah that offers you the most value for money, please get in touch.


 

As every seasoned real estate buyer and broker will know, location is always key wherever you buy in the world. On Palm Jumeirah, the higher numbered villas located on or close to the tip of a frond will generally command higher prices than those villas situated in a low number position. Certain fronds tend to be more popular than others too, usually due to additional factors such as the views, privacy and exclusivity of the frond.

Renovations & Upgrades

Owners who have taken the time and invested money to upgrade their villas will often add value to their property. The actual increase in value will depend on the overall standard of the upgrades and quality of the materials used. Examples of renovations and upgrades made by villa owners include exterior architectural modifications, improvements to the floor plan layout, extensions to the built-up area, revamping of the interiors, new kitchens and bathrooms, professionally designed gardens and extended or custom-built swimming pools. Using the services of reputable and experienced interior designers, architects and landscape gardeners is highly recommended in order to maximise the future value of your villa.

Views

Five fronds on Palm Jumeirah were sold as villa plots, which allowed the buyers to design and build their own bespoke villas. Factors such as the location on the frond and views will have a similar influence on the prices of these villas as on the other fronds. However, the option to be able to build a unique villa from a blank canvas definitely has its advantages over the standard villa fronds when it comes to adding value. Smart owners can research the market to understand which types of villas are most in demand and then design their homes accordingly with a future sale in mind. There are some incredible custom-built villas to be found on Palm Jumeirah and they come with high price tags due to their uniqueness and the supreme quality of their finishes. Combined plots with villas that are double or triple the size of a standard Palm Jumeirah villa are in short supply and will also be valued at the higher end of the price scale.

Location

Price is one of the most important elements to consider when buying or selling a villa on Palm Jumeirah, and can vary quite a bit depending on a few key factors.  The type and style of the villa makes a significant difference. As discussed in previous post, the two main types are the Signature Villas and Garden Homes, each containing a different range of exterior and interior styles.

 

At the time of writing (August 2018), prices for the Palm Jumeirah Signature Villas are typically in the range of AED 18m for a low number with a standard finish going up to AED 100m for a high number villa with a superior luxury finish. The majority of Signature Villas available for sale are in the AED 20m - 50m price range for a five, six or seven-bedroom villa. Prices for the Garden Homes are in a narrower valuation range, typically AED 8.5m - 20m for a three, four or five-bedroom villa.

 

In addition to type and style, these are what I consider to be the four most important factors that come into play when assessing villa prices on this world famous waterfront development.

 

]]>
Wed, 08 Aug 2018 06:47:00 +0000 https://www.luxuryproperty.com/palm-jumeirah-villa-prices-august-2018 Buyers Guide
Garden Homes on Palm Jumeirah https://www.luxuryproperty.com/palm-jumeirah-garden-homes

There are two types of villas found along the fronds of Palm Jumeirah. Yesterday, I covered the Signature Villas. Today I am going to discuss the second type, the Garden Homes. Built on plots ranging from 6,500 sq ft to 7,000 sq ft, the Garden Homes are generally spread over an internal area of around 5,000 to 6,000 sq ft.

 

Homeowners can purchase an extra 1,500 sq ft of land to extend their plots and, with permission from Nakheel, upto 80% of the area can be built upon. Much like the Signature Villas, it is quite common for them to be upgraded and renovated by their current owners.

 

Garden Home Styles

 

The Garden Homes offer a choice of six different architectural styles and four interior layouts, each with its own unique features. While the villas range from three to five bedrooms, the three-bedroom units are very limited.

 

The four and five-bedroom villas have the same interior styles available between them, with the five-beds having a ‘2’ after the style name to differentiate them from the four-beds. All of the villas are G+1 with a basement. However, the Atrium Entry 2 and Grand Foyer 2 styles also have the option of G+2 units without a basement.

 

If you are buying an upgraded villa, that layouts will be different from the standard ones below.

 

Atrium Entry


A double-height foyer spans the center of this villa, which features a majlis that can be converted into a guest room. The rear of the villa is taken up by an open plan family room and dining room. If preferred, a dividing wall can be put in to create two separate rooms.

 

Atrium Entry 2


The G+1 option features an extra bedroom on the first floor while the G+2 has a large family room occupying the topmost level. This space can be turned into an extra bedroom, or even a master suite.

 

Arabian Ranches-1

Central Rotunda


As the name implies, this style of villa is centred on a rotunda. It has a dining room adjoining a double-height majlis, both of which can be converted into one large room. There is a guest room on the ground floor and the remaining bedrooms are upstairs.

 

Central Rotunda 2


The main difference here is that the majlis isn’t double-height, and has a spare bedroom above it.

Garden Gallery


This is the rarest of the available styles, as it is used only in the three-bedroom villas. It features a wraparound patio running along the perimeter of the villa and a double-height courtyard at its center. The living room, dining room and double-height majlis can be combined into one. Alternatively, the top level of the majlis can be sealed off and converted to a fourth bedroom.

 

Grand Foyer


This style of villa has a double-height foyer, the top level of which can be sealed off and converted to a study or lounge. The ground floor study could become a guest room, and the majlis and dining room at the rear of the villa can be turned into a unified living space.

 

Grand Foyer 2


An extra upstairs bedroom is the only key difference for the G+1 option. The G+2 layout has an open space on the topmost level that can be used as a master suite or entertainment space.

 

Arabian Ranches-2

Upgrades & Renovations

 

As with the Signature Villas, it is quite common for the Garden Homes to be upgraded by their owners, sometimes to the point of being unrecognizable from the original design. Below are some of the most common upgrade options.

 

Pool Placement


Some of the villas have a pool along the side whiler others have one at the rear, opening out to the beachfront. Many homeowners, the vast majority in fact, would prefer a pool that faces the beach and change the exterior landscaping to accommodate that.

 

Buying Extra Land


An extra 1,500 sq ft of land can go a long way, and homeowners often opt to get the extra land so they have more room to work with.

 

Listed below are some of the best Garden Homes that we have listed with us, which includes a few that have been custom-built. For more information on these homes and one homes around the Palm, feel free to get in touch.

 

Room Alterations


While discussing the various styles, I talked about changes that can be made to certain rooms. Typically, homeowners add an extra bedroom or knock down the walls between rooms to combine them.

 

Kitchen/Bathroom Upgrades


This is always a popular upgrade option. Kitchens and bathrooms are usually refitted from top to bottom, replacing floors, fixtures and appliances to suit the homeowner’s own tastes.
 

Arabian Ranches-5
Arabian-Ranches-Garden-Homes
Arabian Ranches-3
Arabian Ranches-4
Arabian Ranches-3
]]>
Tue, 07 Aug 2018 08:00:00 +0000 https://www.luxuryproperty.com/palm-jumeirah-garden-homes Buyers Guide
Signature Villas on Palm Jumeirah https://www.luxuryproperty.com/palm-jumeirah-signature-villas

The Signature Villas are one of two villa types built by developer Nakheel along the fronds of the Palm Jumeirah. As I covered in the extensive villa breakdown in yesterday’s post, the Signature Villas are available in a choice of five architectural designs and nine interior styles. Many buyers use that as a starting point to upgrade, renovate and in some cases, completely redesign the villa from the ground up.

Signature Villa Styles

 

Each style of villa has a different layout and a few defining features. The style you choose can help determine exactly how you want to upgrade it and what changes will help to maximize the value the home brings to you. Should you choose to buy a villa that has been redesigned or upgraded by its previous owner, the layouts will likely be completely different to the ones below.

 

Central Gallery


This type of villa feature a large double-height foyer that runs through the center, branching out to the different living areas and leading to a spacious family room at the rear. There is typically one guest room on the ground floor with the remaining bedrooms spread along the upper level.

 

Central Pool


This villa is almost divided in two around a large outdoor pool. A guest bedroom is located on the ground floor, and all of the main living areas surround and open out to the pool.

 

Gallery Views


A double-height foyer, or gallery, is the key feature of this villa, leading directly out to a covered porch and providing a direct view to the beach along the rear of the property. There are two bedrooms on the ground level, one of which can be converted into a home office or study room.

 

Garden Lobby


The ground floor of this villa type houses two very large living areas on opposite ends. The family room along the rear can be combined with the adjacent kitchen and dining room to form an immense open plan space spanning the width of the villa. There is one guest room on this level as well, and another large family room on the first floor.

 

Grand Courtyard


The main living spaces of this villa are arranged around a horseshoe-shaped central courtyard with a lovely water feature (that can be removed by the owner if desired). The courtyard extends up to the first floor, creating a similar flowing structure across the bedrooms. A guest room on the ground level can be used as an office or combined with the adjoining majlis. Some owners also choose to redo the courtyard entirely, transforming it into a pool deck.

 

Grand Majlis


This variant is quite different from the rest as it has the master suite on the ground floor. The centerpiece of the villa is a double-height majlis, and there is a double-height family room as well. The top level of the family room can be sealed off and turned into a second master suite and can also be combined with an adjoining secondary bedroom for this purpose.

 

Grand Staircase


The key feature of this villa style is the sweeping staircase just past the foyer that forms an arched entryway to the family room. There is a guest bedroom on the ground floor, and the kitchen and breakfast room can be combined into one unified space.

 

Great Rotunda


The main rooms of this villa are arranged around a central rotunda that extends across both floors. The resulting layout has a square, almost symmetrical look to it. There is a guest bedroom on the ground floor and a study that could be converted to an additional bedroom if desired.

 

Riviera


The Riviera-style villa has a flowing, T-shaped layout centred on an open plan living and dining room. All of the bedrooms are on the top floor, and the master suite is incredibly spacious with a curving balcony that complements the aesthetic of the villa.

 

Upgrades & Renovations

 

It is not unusual for the villas to be upgraded by the owners, from putting in new flooring to completely redesigning the entire building. These are, in my experience, the most common upgrades seen in the Signature Villas.

 

Extending the Pool


The typical pool of a Signature Villa is about 4m x 8m or 4m x 10m. These are often extended to span the entire width of the villa, or a good portion of it at least. Some owners even buy up additional land so they can build a pool that extends directly onto the beachfront.

 

Buying Extra Land


As I mentioned, homeowners often go for the additional land of about 2,000 sq ft so they can really maximize the plot and get direct beach frontage, or so they can have plenty of room for a garden or other landscaping options.

 

Expanding the Rooms


Raising the ceiling is a common change that people make, even opting for double-height if the layout allows it. The rear balcony of a villa gets the most use, as it is the one that faces the beach. Many of the rooms with secondary balconies tend to be extended so the extra space is added into the room itself.

 

Kitchen/Bathroom Upgrades


This is perhaps the most common type of upgrade, not just in the Signature Villas but in any home. The standard kitchens and bathrooms are fine, but homeowners usually want something more reflective of their personalities and lifestyle, replacing the floors, walls, fixtures and appliances to their own preferences.

 

Below is a handpicked selection of the finest Signature Villas we have listed, some of which are fully renovated and a few custom-built. For more information on these homes and other homes around the Palm, feel free to get in touch.

 

Signature-villa-palm-jumeirah
Signature-villa-Grand-Staircase-palm-jumeirah
Signature-villa-Central-Pool-palm-jumeirah
Signature-villa-Grand-Courtyard-palm-jumeirah
Signature-villa-style-palm-jumeirah
Signature-villa-palm-jumeirah-1
]]>
Mon, 06 Aug 2018 12:44:00 +0000 https://www.luxuryproperty.com/palm-jumeirah-signature-villas Buyers Guide
Palm Jumeirah Villa Types https://www.luxuryproperty.com/palm-jumeirah-villa-types

 

Signature Villas

Garden Homes

Bedrooms:

5 to 7 3 to 5

Built-Up Area:

Approx. 7,000 sq ft 5,000 - 6,000 sq ft

Plot Size:

13,000 sq ft + Approx. 6,500 sq ft

Exterior Design:

Arabic, Contemporary, European, Mediterranean, Spanish Arabic, Costa Del Sol, Greek, Mediterranean, Moroccan, Santa Fe

Interior Style:

Central Gallery, Central Pool, Gallery Views, Garden Lobby, Grand Courtyard, Grand Majlis, Grand Staircase, Great Rotunda, Riviera Atrium Entry, Central Rotunda, Garden Gallery, Grand Foyer

Height:

G+1 G+1, G+2 (only available for Atrium Entry and Grand Foyer)

If you are looking to buy a villa on Palm Jumeirah, it is important to have a full understanding of your options to help determine which one will be the most suitable for you own personal living requirements. There are several different types to choose from, each with its own distinct architectural style, layout and internal features. LuxuryProperty.com has put together a handy guide to the various Palm Jumeirah villa types, from the villas constructed by developer Nakheel along the fronds of the Palm to hotel villas found along the Crescent.
 

Fronds

 

There are two main types of villas available on the Palm Jumeirah fronds: Signature Villas and Garden Homes. Both types have their own swimming pools, direct access to the beach and a parking garage for two cars plus additional space on the driveway for more vehicles. Privacy and security are of high importance for the residents of Palm Jumeirah villas, so each frond is gated with a security guard present at all times.

The key differences between them are highlighted below.
 

Bespoke Villas

For the Garden Homes, Arabic and Mediterranean are the most common styles available, with the others being limited to a select few units. The styles for both types of villas correspond to different layouts and numbers of bedrooms, as shown below.
 

Signature Villas

Garden Homes

5-Bedroom: Central Gallery, Garden Lobby, Grand Staircase, Great Rotunda, Riviera 3-Bedroom: Garden Gallery
6-Bedroom: Central Pool, Gallery Views, Grand Courtyard 4-Bedroom: Atrium Entry, Central Rotunda, Grand Foyer
7-Bedroom: Grand Majlis 5-Bedroom: Atrium Entry 2, Central Rotunda 2, Grand Foyer 2
 

Garden Homes are available in the same style for both four and five-bedroom units. The addition of a '2' after the style name suggests that it is a five-bedroom villa. Of these, Atrium Entry 2 and Grand Foyer 2 are the only villa types that are available in both G+1 and G+2 options.

The Crescent that crowns Palm Jumeirah is home to some of the finest hotels in Dubai and indeed the world. Some of the hotels also have a residential component, which includes a limited number of luxury villas that can be purchased for use as private residences, holiday homes or part of a hotel rental management program.
 

The Crescent

Kempinski Hotel and Residences has ten exquisite fully furnished villas. The Royal and Imperial villas are beautifully designed with stunning rooftop terraces, private swimming pools and jacuzzis.

 

Jumeirah Zabeel Saray has thirty eight ultra-luxury Royal Residences villas inspired by the rich Ottoman style. These splendid villas are available in four different types: Beach Royal Residences (4,962 sq ft), Lagoon Royal Residences (12,131 sq ft), Seafront Royal Residences (5,705 sq ft) and Imperial Royal Residences.

 

Balqis Residences has thirty four villas inspired by the traditional architecture of Yemen. The four and five bedroom options are available with internal areas from 11,000 to 14,500 sq ft with private swimming pools and landscaped gardens.

 

XXII Carat Villas is a private development on the West Crescent. This exclusive community consists of only twenty two ultra luxurious 7 bedroom villas available in Sapphire, Ruby and Emerald styles with a classic or contemporary interior finish. The villa sizes range from 9,289 to 12,163 sq ft with plot sizes from 15,586 to 25,995 sq ft. Though not a hotel development per se, XXII Carat does offer a full range of hotel-style services including a dedicated concierge. It is also in close proximity to the hotels along the Crescent, especially One & Only The Palm.

 

Apart from the standard villa types, there are custom-built villas on several of the fronds (typically Fronds G, H, I, J and N) and on all of the frond tips. These were purchased as plots from the developer and the landowners constructed villas with bespoke architectural and interior designs. Due to their unique styles there are no general floor plans available for these villas. The internal built up areas typically range from 5,000 to 20,000 sq ft, but can go all the way up to 50,000 sq ft for a mega-mansion that occupies a whole tip. The maximum total height of a Palm Jumeirah villa is three levels, so you can either build a G+1 villa with a basement or a G+2 with no basement.
 

]]>
Sun, 05 Aug 2018 07:06:00 +0000 https://www.luxuryproperty.com/palm-jumeirah-villa-types Buyers Guide
Montenegro's Citizenship by Investment Program https://www.luxuryproperty.com/montenegros-citizenship-by-investment-program

Gaining citizenship and a second passport through investment is an idea that has been around in some form or another going back as far as the Roman Empire. Important merchants and tradesmen would be granted free passage to the lands they most frequently traded in, which was in effect a form of citizenship. In a more modern context, citizenship by investment was formally introduced as a program by the Caribbean islands of St. Kitts and Nevis in 1984 and has become especially popular within the last decade. In the wake of the economic downturn of 2008-2009, many smaller nations are looking to boost their economies by attracting foreign investment and offering the strong value of their passports as incentive.

 

Montenegro is the latest country to join the trend. The popular European seaside destination will be officially launching its citizenship by investment program in October of this year. A maximum of 2,000 applicants can avail of this opportunity, which will only be available for three years.

 

What Are The Benefits?

 

The most obvious benefit of citizenship by investment is, of course, to the nations offering the programs. By attracting foreign investment, they can boost spending on real estate and infrastructure projects that will result in job creation over the short-term and more far reaching economic gains in the long-term.

 

The islands of St. Kitts & Nevis, for example, have used their citizenship by investment program as a means of helping to diversify their economy.

 

Why Choose Citizenship By Investment?

 

Obtaining a second citizenship, or changing citizenship, can be beneficial in several ways.

 

Mobility: The countries that offer citizenship by investment programs tend to have passports that offer a high level of mobility and visa-free travel to many parts of the world. If you hold a passport from Pakistan or Egypt, for example, you will have visa-free access to less than 50 countries around the world. By comparison, Montenegro opens that up to 116 countries. For frequent business travelers and globetrotters, removing the bureaucratic hurdles of visa applications and processing can be quite significant.

 

Security: The countries that offer citizenship by investment also tend to be free of any major political turmoil, which makes them a safe haven to stay in at all times regardless of what is happening in the world.

 

Taxes: Several countries only tax direct income earned in that country and do not levy capital gains taxes, so foreign investors can enjoy the benefit of tax-free returns.

 

It is also worth noting that most such programs apply to the families of investors as well, allowing investors to provide a better and more secure future for their children.

 

Why Montenegro?

 

Montenegro is considered to be one of the fastest growing economies in the Balkan region, witnessing a surge in the real estate sector during 2006 and 2007 that has continued to bring in foreign investment. Sitting at the crossroads between Europe and Asia on the Adriatic coast, Montenegro benefits from a strategic location. It is also quite diverse in terms of its climate, terrain and population, making it an ideal destination for people of all nationalities and ethnicities.

 

As a member of NATO, Montenegro is part of the European Union’s plans for expansion by 2025. The euro is already used as currency there, and EU legislation is being incorporated into the country’s legal system.

 

Known for its tourism and service industry, Montenegro has launched several projects that will only enhance its reputation in those key sectors of its economy. One of the most well-known projects is Porto Montenegro on the southern coast, which along with other projects such as Jaz Beach, Buljarica and Velika Plaza and the involvement of hospitality brands such as Regent and Aman Resorts, will be the biggest draws for investors in the near future.

 

What Are The Requirements For Citizenship By Investment in Montenegro?

 

In order to qualify for the program, a potential investor must:

-       Be a non-EU citizen

-       Have a valid passport or other foreign travel document

-       Have documentation to verify the origin and source of the funds being invested

-       Have no criminal record

-       Attest the power of attorney and investor agreement
 

To gain citizenship in Montenegro, investments start from €350,000 ($409,115). This is broken down into:

-       €100,000 ($116,890) in the form of a Government Fund Donation

-       €250,000 ($292,225) in an approved real estate investment in an undeveloped region of the country (generally toward the north)

Another option starts from €550,000 ($642,895), divided into:

-       €100,000 ($116,890) in the form of a Government Fund Donation

-       €450,000 ($526,005) in an approved real estate investment in a developed region (toward the south of the country)

The low investment threshold is bound to make this one of the most attractive prospects in Europe and the process of citizenship is amazingly quick, without compromising on security processes and due diligence. Permanent residence can be attained within 3 weeks, and citizenship in 6 months.

 

By launching this program, Montenegro is set to redefine its luxury property landscape and to strengthen its position as a key destination in Europe for business and investment.

 

Montenegro-1

For more information please contact:
Jason Hayes - CEO | E: Jason@luxuryproperty.com | T: +971 4 240 6211
 

Montenegro-3
Montenegro-2
]]>
Thu, 02 Aug 2018 05:46:00 +0000 https://www.luxuryproperty.com/montenegros-citizenship-by-investment-program Citizenship by Investment
Arabian Ranches 2 - Prime Investment Community https://www.luxuryproperty.com/arabian-ranches-2-prime-investment-community

Arabian Ranches 2 is the ongoing second phase of the very popular Arabian Ranches community. The two are often considered to be halves of one mega development but are in fact completely distinct communities. One of the major differences between them is that Arabian Ranches 1 has a higher degree of home ownership, while Arabian Ranches 2 seems to be more popular for rentals. At an average price of AED 1,021 per square foot and an average yield of 5.23% (with quarterly yields increasing over the past 12 months), it is definitely a solid investment option in Dubai.
 

The Neighbourhood

 

Arabian Ranches 2 comprises 9 villa communities – Azalea, Casa, Lila, Palma, Rasha, Reem, Rosa, Samara and Yasmin. The majority of them have a very Spanish-influenced aesthetic, with Azalea and Yasmin having a more Arabesque look to them and Casa sporting a Moroccan design.

 

Unlike its predecessor, which is spread out around the immense Arabian Ranches Golf Course, Arabian Ranches 2 is a more close-knit community, surrounding its homes with parks, green spaces and pathways ideally designed for casual afternoon strolls.

 

The Amenities

 

Due to its clustered design, Arabian Ranches 2 has even more of a family neighbourhood feel to it. The two key facets of the community are the Ranches Souk and Ranches Primary School, along with outdoor sports facilities, community pools and abundant greenery.

 

Ranches Souk – A two-storey shopping center that is the main retail hub of the community. The Ranches Souk has a choice selection of retail outlets covering the spectrum from electronics to fashion. It also has its own supermarket and an array of gourmet cafes and restaurants. It is also a community center, featuring a swimming pool, fully equipped gymnasium, and other fitness and leisure facilities.

 

Ranches Primary School – Following a UK curriculum, Ranches Primary School offers exceptional education and development for young minds. It complements schoolwork with a wide range of extra-curricular activities designed to encourage teamwork, curiosity and critical thinking, and uses the latest technology in classrooms for a more immersive learning experience.

 

Investing in Arabian Ranches

 

The 9 enclaves in Arabian Ranches 2 range from more established neighbourhoods to ones that will be handing over in the near future, providing plentiful options for those seeking immediate residence and investors with a more long-term focus. While we can certainly recommend each of the villa communities for a comfortable family lifestyle, these are our top picks for investments in Arabian Ranches 2.

 

Samara

 

Samara is the newest of the communities in Arabian Ranches 2, offering a choice of three, four and five-bedroom villas in a gorgeous coastal Spanish d. Low-pitched roofs and bright, warm colours are key features of the villas, which are expected to hand over within a couple of months.

 

Yasmin

 

With its modern Arabesque design, Yasmin brings a unique aesthetic to Arabian Ranches 2. The two-tier villas are available in four to six-bedroom layouts and have a beautiful color palette that draws inspiration from the earthy tones of the desert. Yasmin is in the process of handing over.

 

Casa

 

At three years old, Casa is the most established of the communities at Arabian Ranches 2. These lovely homes, available in three and four-bedroom layouts, are distinctive due to their Moroccan-inspired design. They are also ideally located a short distance from the main road, offering easy access to Arabian Ranches 1 and its magnificent golf course, as well as the neighboring polo club.

 

Azalea

 

Azalea comprises three, four and five-bedroom villas in a charming Arabesque style. The villas are located on the southwestern edge of the community, placing them in close proximity to the Ranches Souk and Ranches Primary School. Azalea is expected to be ready in November 2018, and currently has a few attractively priced units on the secondary market.

 

Arabian-Ranches
Arabian-Ranches-2
Arabian-Ranches-school
Arabian-Ranches-Villa-1
Arabian-Ranches-Villa-2
Arabian-Ranches-Villa-3
Arabian-Ranches-villa-4
Arabian-Ranches-villa-5

Lila

 

Completed in 2017, Lila has gained immense popularity over the last few months among expat families. It offers three, four and five-bedroom villas with a sophisticated Spanish design. Lila sits on the northeastern corner of Arabian Ranches 2, with direct connection to the main road and easy accessibility to its neighbouring areas.

 

]]>
Wed, 01 Aug 2018 12:47:00 +0000 https://www.luxuryproperty.com/arabian-ranches-2-prime-investment-community Community Guides
Arabian Ranches - One of Dubai's Best Family Communities https://www.luxuryproperty.com/arabian-ranches-one-of-dubais-best-family-communities

The Neighbourhood

 

The villas at Arabian Ranches 1 have a mix of Arabian and Spanish architectural styles and are divided among several different enclaves. Often, they get lumped in with the neighbouring community of Arabian Ranches 2, but it is important to understand that they are two distinctly different areas with different amenities and lifestyle options.

 

What are the sub communities that make up Arabian Ranches 1? The short answer is: Al Mahra, Al Reem, Alma, Alvorada, Aseel, Hattan, La Avenida, Mirador, Mirador La Coleccion, Palmera, Saheel, Savannah, Terra Nova and The Golf Homes.

 

Several of these, such as Al Reem and Alvorada, are divided into further sub communities, which can make the area a bit tricky to navigate. However, with a little knowledgeable advice from an expert in the area, you can find the right home in just the right neighbourhood.

 

Arabian Ranches (more commonly known as Arabian Ranches 1 nowadays) is an established villa community in Dubai and is one that is particularly popular among British expats who are looking for a family home. This quiet suburban neighbourhood, nestled in greenery and set in a central part of the city that is a 15 minute drive from the main business districts, is just ideal for that purpose.
 

The Amenities

 

Arabian Ranches 1 is designed around the beautiful Arabian Ranches Golf Course, designed by Australian golfing veteran Ian Baker-Finch in collaboration with renowned golf course design firm Nicklaus Design. Beautiful green paths connect the various communities, which are dotted with parks, lakes and playgrounds for children, making it an ideal place to take a stroll or have a picnic on a sunny weekend.

 

Nearby is the Dubai Polo & Equestrian Club, which is easily accessible from the community. The Polo Club is surrounded by the gorgeous villa enclave known as Polo Homes, which is also mistakenly believed to be part of Arabian Ranches 1.

 

Other key amenities include:

 

-        Arabian Ranches Retail Centre, which contains a choice selection of boutique stores, restaurants and cafes, plus a medical clinic

-        Jumeirah English Speaking School, a well-known international school offering primary and secondary education based on a UK curriculum

-        Raffles Nursery, which provides pre-school education to children aged two to four

-        Various outdoor fitness facilities such as basketball courts, volleyball courts, tennis courts and community swimming pools

 

The-Neighbourhood-Arabian-Ranches

The Highlights

 

While there are several villa options in Arabian Ranches 1, the fact is that most of them are currently occupied. With that in mind, we take a look at 4 villa communities in Arabian Ranches that do have villas for sale, and that we think are really worth considering for your Dubai home.

 

Aseel

 

Aseel is one of the newer villa communities in Arabian Ranches 1. It is located right at the center, bordering the fairways of the golf course and overlooking some truly fantastic views. Comprising a very limited selection of just 55 villas, it is the picture of Spanish countryside charm with contemporary interiors and layouts ranging from four to seven bedrooms.

 

The Golf Homes

 

Unlike the other villa communities at Arabian Ranches, The Golf Homes is not set around the edges of the golf course, but on the fairways of the course itself. Comprising 18 exclusive villas, which is a nice little nod to the golf theme, these are some of the most spectacular homes in Arabian Ranches 1 and enjoy the very best views. Sold as shell and core units, the villas are available in three Spanish-inspired architectural styles and set on large plots of up to 27,000 sq ft. Each villa is a perfect blend of indoor and outdoor spaces, with spacious terraces, courtyards and large windows.

 

Hattan

 

Hattan, located along the southern edge of the golf course, is distinctive for its modern Arabic design style (with a choice of three color schemes) and its large plot sizes. The villas have marble flooring in the main living areas, 9-foot ceilings, and enclosed courtyards. Hattan has proven to be one of the most popular amongst new families in the past few months and is in very high demand.

 

Mirador La Coleccion

 

Not to be confused with another community called Mirador, La Coleccion features a very classical Spanish aesthetic, complementing its bright exteriors and sloping tiled roofs with fireplaces and chimneys for an extra touch of authenticity. Mirador La Coleccion is located on the southwestern border of the golf course, and quite close to the Hattan neighbourhood. High ceilings and bright interior palettes add to the stylish yet very comfortable ambiance of these homes.

 

Arabian-Ranches
Arabian-Ranches-Amenities
Arabian-Ranches-Highlights
Arabian-Ranches-Aseel
Arabian-Ranches-Golf-Homes
Arabian-Ranches-Hattan
]]>
Tue, 31 Jul 2018 13:27:00 +0000 https://www.luxuryproperty.com/arabian-ranches-one-of-dubais-best-family-communities Community Guides
Khaleej Times - Bringing China to the Middle East in a big way https://www.luxuryproperty.com/khaleej-times-bringing-china-to-the-middle-east-in-a-big-way
Chinese in Middle East - 1
Chinese in Middle East - 2
Chinese in Middle East - 3
Chinese in Middle East - 4
Chinese in Middle East - 5
Chinese in Middle East - 6
Chinese in Middle East - 7
]]>
Tue, 31 Jul 2018 08:28:00 +0000 https://www.luxuryproperty.com/khaleej-times-bringing-china-to-the-middle-east-in-a-big-way Press Coverage
Thomson Reuters Zawya - Bringing China to the Middle East in a big way https://www.luxuryproperty.com/thomson-reuters-zawya-bringing-china-to-the-middle-east-in-a-big-way
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
Bringing China to the Middle East
]]>
Tue, 31 Jul 2018 08:22:00 +0000 https://www.luxuryproperty.com/thomson-reuters-zawya-bringing-china-to-the-middle-east-in-a-big-way Press Coverage
Polo Homes - The Best Villas at Arabian Ranches https://www.luxuryproperty.com/polo-homes-the-best-villas-at-arabian-ranches

Arabian Ranches is generally considered to be one of the best family communities in Dubai. It is also thought to be one large community divided into separate neighbourhoods. However, it is actually composed of three separate enclaves, each with its own infrastructure and amenities. The most premium of these enclaves is Polo Homes, a collection of 71 gorgeous villas built around the Dubai Polo & Equestrian Club. As with many of the homes around Arabian Ranches, the villas at Polo Homes have a very Mediterranean-inspired design with sizes ranging from about 7,700 sq ft to 13,500 sq ft. These are easily some of the best homes you can find at Arabian Ranches and quite comparable to any luxury villa community in Dubai, but they often tend to get overlooked. So we at LuxuryProperty.com want to highlight the four best villas for sale at Polo Homes to give you an idea of just what this community has to offer.
 

This villa has been extended from its original size of about 8,000 sq ft to an immense 13,500 sq ft, accommodating six very spacious bedrooms. It features a classic layout and color scheme, using warm neutral colors to craft a cozy ambiance. Cream colored cabinets and dark-toned marble finishes in the bathrooms add to the effect. One of the key features is a lovely wood-floored majlis area on the ground floor. The backyard features a lovely pool surrounded by a lawn. There is also a pool house that can be used as a home gym or spa.

 

This is another six-bed villa with an internal area of 10,227 sq ft but a larger plot size than the one above. The property has been very lovingly designed by its current owners, with gorgeous marble and wood finishes. Bespoke design elements can be found throughout, including a kitchen by Nobelia and fitted wardrobes courtesy of Perfect Proportions. There are multiple terraces, all of which are quite spacious and look out over the practice polo ground. The rear of the property is set in a courtyard and features a truly stunning swimming pool, a deck with an outdoor kitchen and a lovely water feature.

 

Also extended from its original size, this villa covers an internal living space of 11,600 sq ft. The home’s interiors are primarily white contrasted with soft warm tones. Of particular note is a room near the front with stark white walls and beautiful dark wood flooring that would make for an ideal home office. The kitchen has been fitted with high-quality appliances courtesy of brands such as Teka and Siemens, while Standard has furnished the sanitary ware in the bathrooms. There is a gorgeous pool in the backyard, along with an outdoor kitchen and gazebo to make it the perfect weekend entertainment spot.

 

Stunning Inside & Out

Classical Elegance

Spread over a very comfortable 10,227 sq ft, this 6-bedroom home is on a corner plot. The color scheme has a more modern bent to its, using high contrast, as seen in the black and white checkered flooring in the main entryway and the contrasting colors of the stairs. The kitchen and bathrooms use wood and marble finishes respectively, using the same play of light and dark for a sharp, dynamic look. Balconies on the upper floor overlook the rear of the property, which is presently not landscaped and awaiting the vision of the villa’s new owner.

 

Dramatic Contrasts

Beautiful Interiors

Arabian-Ranches-Villa-1
Arabian-Ranches-Villa-2
Arabian-Ranches-Villa-3
Arabian-Ranches-Villa-4
]]>
Mon, 30 Jul 2018 13:20:00 +0000 https://www.luxuryproperty.com/polo-homes-the-best-villas-at-arabian-ranches Community Guides
Property Tour - Street of Dreams Villa https://www.luxuryproperty.com/property-tour-street-of-dreams-villa

Take a Walk Through a 7-Bedroom Mansion on the Street of Dreams

 

Liam Jeffrey gives you a guided tour of a magnificent home in Dubai Hills. With an area of just over 21,500 sq ft, this mansion offers an incredible amount of living and entertainment space. A 16-seater dining table, fully equipped kitchen and master bedroom the size of a four-bedroom apartment are just some of the fantastic features of this home, but the real highlight is the basement.

 

Take a look, then click below for more details on the property and for similar properties.

 
 

]]>
Thu, 26 Jul 2018 07:29:00 +0000 https://www.luxuryproperty.com/property-tour-street-of-dreams-villa Videos
LuxuryProperty.com Agent Profile - Liam Jeffrey https://www.luxuryproperty.com/luxurypropertycom-agent-profile-liam-jeffrey

Meet Liam Jeffrey

 

Buying a house is one of the biggest financial transactions you will likely make and is one that requires a lot of careful consideration. You cannot afford to pay for a house that seems like a dream home on the surface but ends up being a nightmare. And to avoid that scenario, you need to work with an agent you can trust, someone who can be a partner to you in your search for a home, and not just a salesman.

 

Liam Jeffrey, Associate Director and Dubai Hills Specialist at LuxuryProperty.com, understands the significance of buying a home and making a long-term investment. With over 5 years of experience selling high-end real estate in Dubai, Liam has extensive knowledge of the market. But more than that, he has developed a good understanding of people and is finely attuned to the needs of both buyers and sellers. He embodies the principles that drive LuxuryProperty.com forward - integrity, professionalism and diligence.

 

If you are looking to sell your home in Dubai, Liam is here to help. And if you are interested in buying property, get in touch so Liam can show you some of the fantastic options available to you.

 

]]>
Tue, 24 Jul 2018 12:18:00 +0000 https://www.luxuryproperty.com/luxurypropertycom-agent-profile-liam-jeffrey Videos
Best Off-Plan Investments in Downtown Dubai https://www.luxuryproperty.com/best-offplan-investments-in-downtown-dubai

Investment yield over last 12 months – 5.4%
 

Billed as ‘The Centre of Now’, Downtown Dubai is a thriving urban hub featuring a fine collection of stunning skyscrapers, world-famous landmarks, gourmet restaurants, upscale retail options and luxury living experiences. Downtown Dubai’s Sheikh Mohammed bin Rashid Boulevard, a thoroughfare that encircles the perimeter of the district, is famous for its spectacular array of upscale restaurants and its chic design that juxtaposes contemporary and traditional Middle Eastern design aesthetics.

 

Downtown Dubai has been conceptualized by Emaar, one of the most prominent developers in Dubai. Emaar has been the driving force behind the district’s most instantly recognizable buildings as well as many of the residential towers. Partnering with renowned hospitality brands such as The Address and Vida Hotels & Resorts, the noted developer has also delivered spectacular five-star hotels and serviced residences.

 

Dubai’s most iconic landmark, the 163-storey high Burj Khalifa, sits at the heart of the Downtown district. It is the tallest free-standing structure in the world and is the very epitome of luxury living, providing residents with an unrivaled experience. One of the most prestigious and highly sought-after addresses in Dubai, the Burj Khalifa offers an excellent selection of apartments and penthouses. The savvy investor can also find an entire floor or two for sale, providing a portfolio of residences that will generate excellent returns over time.

 

Surrounding the majestic tower are an array of residential skyscrapers, also developed by Emaar, each providing a unique aesthetic ranging from from an Art Deco style inspired by 1920’s Manhattan to a design that mimics the Burj Khalifa itself. Also flanking it are two of the city’s most famous attractions - world’s largest shopping center The Dubai Mall and the city’s newest cultural destination The Dubai Opera. The latter forms part of the Opera District, adding an extra layer of prestige to an already sophisticated neighbourhood. From high-end shopping that includes top fashion brands to entertainment provided by renowned international musical talent, Downtown Dubai has no shortage of experiences for its residents to enjoy.

 

Sitting adjacent to Downtown is the district of Business Bay, a planned commercial hub that has found new life as a key residential area. The Dubai Water Canal, which flows through Business Bay and was inaugurated almost two years ago, has helped transform it into a very popular waterfront district. Consequently, many of the properties on the periphery of Downtown have gone up in value as they are equidistant from the Burj Khalifa and the Canal.

 

Rising out of the center of Dubai, Downtown enjoys a very prime location in the city and as such, prices in the area are a bit on the higher side at over AED 2,300 per square foot. That being said, demand is high as well and the district enjoys a comfortable 5.5% yield on average. As far as major developments are concerned, Downtown can be considered to be ‘complete’. No more major projects will be announced in that area in the near future, but there are plenty of options for investment in ongoing developments.

 

Discover some of the best investment options available in Downtown Dubai below, and head to our Downtown Dubai location page for more.

 

]]>
Sun, 22 Jul 2018 13:45:00 +0000 https://www.luxuryproperty.com/best-offplan-investments-in-downtown-dubai Buyers Guide
Best Off-Plan Investments in Business Bay https://www.luxuryproperty.com/best-offplan-investments-in-business-bay

Investment Yield over Last 12 Months - 5.77%

Business Bay is one of the major waterfront districts in Dubai, and was the top choice for investors during the first half of 2018, accounting for transactions worth AED 4.2 billion over the six-month period. The district enjoys a prime location in the center of the city, only a short distance from commercial hubs such as Downtown Dubai and DIFC and easily accessible via two main highways - Sheikh Zayed Road and Al Khail Road. It was originally intended to be Dubai’s business nerve center and the business capital of the Middle East. However, in more recent years, it has grown to be one of the most popular residential destinations in the city and a solid area to invest in.

 

Business-Bay-Dubai

The penthouses and apartments for sale in Business Bay are designed for contemporary urban living, offering unique aesthetics and lifestyle experiences. Prices across the district have been fairly steady at an average of AED 1,466 per square foot, with some of the newer projects going over AED 1,800 per square foot, making it an excellent choice for investors. Gross yields have stayed upward of 5.5% over the past 12 months, inching closer to 6% in the last quarter. As further development around the Dubai Canal starts to hit completion, it will become an even more attractive prospect for future home buyers.

 

The location really is one of the major factors that works in Business Bay’s favor. Sitting adjacent to Downtown Dubai, it is in close proximity to world-famous attractions such as The Dubai Mall, The Dubai Opera and the magnificent Burj Khalifa. In fact, many of the office buildings and residential towers in the area have an unobstructed view of the world’s tallest building. A drive of less than 20 minutes will take you into the fashionable Jumeirah district, which used to be the trendiest part of the city at one time and is still hugely popular, in no small part because of its beautiful beaches. That’s not to say that Business Bay doesn’t have any attractions of its own. If you’re looking for an area with a vibrant nightlife then this is the place to be, boasting several five-star hotels including The Taj, The Oberoi, The St. Regis and JW Marriott, which is the world’s tallest hotel.

 

A year and a half ago, the landscape of Business Bay was significantly altered by the opening of the Dubai Water Canal, a channel that extends out from the Dubai Creek, a historic waterway in the city, and feeds directly into the Arabian Gulf. The addition of a waterfront effectively rebranded Business Bay from yet another urban district to one of Dubai’s most exciting waterfront areas.

 

The Canal is flanked by several premium apartment towers that are being developed by reputed names such as Omniyat and Dubai Properties. A beautiful boardwalk runs along the banks of the Canal, where new retail and dining experiences being developed. It is home to the first floating homes in Dubai, partially submerged villas that offer you a water view like no other in the city. The Opus, the appropriately named final project by the late Dame Zaha Hadid (and her first in Dubai) is situated directly between the Canal and the Burj Khalifa. And famous Saudi developer Dar Al Arkan has chosen to make its Dubai debut in this district as well, with the waterfront residential tower called I Love Florence, which will feature interiors by Roberto Cavalli.

 

Some of these fantastic off-plan investments in Business Bay are highlighted below, and head over to our Business Bay location page to discover more.

 

]]>
Tue, 17 Jul 2018 12:16:00 +0000 https://www.luxuryproperty.com/best-offplan-investments-in-business-bay Buyers Guide
Best Off-Plan Investments in Dubai Marina https://www.luxuryproperty.com/best-offplan-investments-in-dubai-marina

Investment Yield over Last 12 Months - 6.26%
 

Dubai Marina, Dubai’s most popular residential community, is home to some of the best luxury waterfront residences in the world. Dubai Marina comprises a variety of beautiful waterside properties including exclusive penthouses and the most stunning apartments for sale in Dubai. The gorgeous marina for which the district is named contains several docking berths and will soon be home to a brand new yacht club. And for lovers of sun and sand, the beach is just a few steps away. From five-star hotels to a fabulous waterside promenade, residents can enjoy easy access to world class dining and shopping outlets.

 

Boasting one of the most prime locations in Dubai, Dubai Marina is a short distance away from Palm Jumeirah and the upcoming Bluewaters Island, home of the stunning Ain Dubai observation wheel. It will also connect directly to Dubai Harbour, the recently launched offshore mega community that is expected to become one of the key destinations for oceanfront leisure, boasting two immense cruise terminals and a new architectural icon in the form of the Dubai Lighthouse.

 

The Marina has consistently been one of the top picks for both residents and investors because of the excellent infrastructure of the district and the many options it offers in terms of recreation, nightlife, and fine dining. The beachside location is always a huge plus, and the fact that you can enjoy some of the most breathtaking panoramas of the city and the ocean from almost every apartment in the area.

 

The average price per square foot in Dubai Marina has been relatively steady at roughly AED 1,620 over the past year and the average investment yield in Dubai Marina has hovered around the 6% mark for quite some time. The pricing, in comparison to the quality and the build of the units available in this area, is more than reasonable, and the returns speak for themselves.

 

In spite of other new communities being developed across the city, Dubai Marina has remained at the top of the list and will undoubtedly continue to do so as even more developments come up in the area. Projects currently underway include fantastic offerings from renowned developers such as Emaar, Select Group and LIV, and serviced residences managed by Vida Hotels & Resorts.

 

Dubai Marina is a community with tons of value for the investor and the end-user, and that value is only expected to increase in the run-up to 2020. Have a look through some of the best off-plan investment options available in Dubai Marina below, and head to the Dubai Marina page for even more options.

 

]]>
Mon, 16 Jul 2018 13:04:00 +0000 https://www.luxuryproperty.com/best-offplan-investments-in-dubai-marina Buyers Guide
Off-Plan Investments in Dubai https://www.luxuryproperty.com/offplan-investments-in-dubai

Dubai’s real estate market had a solid year in 2017 with approximately AED 285 billion worth of transactions, and off-plan sales played a very significant part in that. With a new launch happening seemingly every week courtesy of developer such as Emaar and Meraas in some of the most prime areas of the city, it was definitely a good year to invest in the future. So far in 2018, off-plan sales haven’t held quite the same sway over the market, but that is expected to change once autumn comes around, and especially after Cityscape 2018.
 

Real-Estate-Dubai

With a total transaction volume of AED 111 billion the market is off to a slower start than the same period in 2017. However, Dubai is positioning itself as a more investor-friendly city than ever before with a series of new regulations announced over the past six months. Most important is, of course, the recent announcement that the UAE government will be granting 10-year residency visas to international investors, specialists (such as doctors and engineers), and top performing students. Expected to be implemented by the end of 2018 with visas potentially being issued from Q3, this new residency plan is set to open a multitude of new opportunities and present flexible regulations to attract global investors. Businesses, which previously had the requirement of a local stakeholder to be operational, will now have the option of 100% foreign ownership, which is bound to alter Dubai’s commercial landscape quite significantly in the years to come.

 

Investors previously seeing investing in Dubai as only a short-term option will be more inclined to invest long-term with the new regulations. Despite having some of the most exclusive and luxurious homes in the world and offering competitive pricing and generous payment plans, Dubai still had too much a transient atmosphere for investors to really sink their teeth into it. The advantage of gaining a 10-year visa would provide them with more flexibility and security for their potential investments. The residency plan is also aimed to increase inward investment as well since current residents of Dubai might invest in local real estate to reap the benefits of the new 10-year visa, allowing them to settle long-term in Dubai.

 

Invest-in-Dubai

In recent years, property investment into the UAE has been steadily rising, with year-on-year increases in investment by GCC nationals and a few other key nationalities. In the first half of 2018, the top investors were from the UAE, India and Saudi Arabia, demonstrating the continued confidence of regional investors in the city as well as the strong economic ties between India and the UAE. The new regulations will help the UAE further establish itself as one of the most stable investment destinations in the region, attracting more investments not just from these key groups but a far broader demographic of investors.

 

This news is a major boon for the world of luxury real estate, where a single investment ranging in the millions can now be offset by a longer period of investment instead of hoping for the best short-term gains.

 

With so much incentive to invest in Dubai’s property market, what are some of the best areas in which to make your investment? Stay tuned as we break down the best communities for off-plan investment in our upcoming posts.

 

]]>
Sun, 15 Jul 2018 12:47:00 +0000 https://www.luxuryproperty.com/offplan-investments-in-dubai Buyers Guide
The National - Inside a Dh12.5m Dubai villa with a home cinema - in pictures https://www.luxuryproperty.com/the-national-inside-a-dh125m-dubai-villa-with-a-home-cinema-in-pictures
Inside-a-Dh12_01
Inside-a-Dh12_02
Inside-a-Dh12_03
Inside-a-Dh12_05
Inside-a-Dh12_06
]]>
Thu, 12 Jul 2018 13:32:00 +0000 https://www.luxuryproperty.com/the-national-inside-a-dh125m-dubai-villa-with-a-home-cinema-in-pictures Press Coverage
Mall of the Emirates Guide https://www.luxuryproperty.com/mall-of-the-emirates-guide

Mall of The Emirates, known as the world’s first shopping resort, has long been providing Dubai’s residents with extravagant and lavish shopping experiences. Home to over 600 brands, Mall of the Emirates, commonly know to Dubai’s residents as ‘MOE’, offers a wide range of retail options. Some of the most renowned luxury brands have their stores set up across the 2.4 million square foot space, along with gourmet restaurants covering a variety of cuisines. If you are looking to add to your wardrobe or simply want to spend an afternoon store-hopping, then have a read through our guide to Mall of the Emirates.
 

Fashion Dome and Luxury Wing
 

Mall of the Emirates’ designated ‘Fashion Dome’, topped by a beautiful cathedral-like dome,, and Luxury Wing are home to over 80 of the world’s most popular luxury brands. Iconic Italian fashion house Prada has one of its largest international outposts in this mall. This store, with Prada’s signature checkerboard marble floors, offers some of the finest fashion, luggage, and accessory products in the world. From Balenciaga to Valentino, Mall of the Emirates really has it all when it comes to fashion.  For jewelry enthusiasts, Bvlgari, Cartier, and Tiffany and Co are just some of the names you can shop at. If you’re looking for a sharp new suit for work, head over to the Burberry or Hugo Boss store. For a new watch, check out world-renowned watchmakers such as Patek Phillipe. Also boasting brands such as Gucci, Louis Vuitton, and Saint Laurent, Mall of The Emirates’ affinity for high-end shopping is unquestionable.
 

Household/Furniture
 

‘Home Centre’, a local favorite, is a true household name when it comes to furniture and house shopping. Another option is ‘The One’, where people can shop for trendy and contemporary home décor. Other top-tier brands include ‘Crate & Barrel’ and ‘Villeroy & Boch’, which offer exclusive houseware designs and the finest crockery. And there is no shortage of smaller boutique stores, each selling unique items that would add an extra dose of character to any home.
 

Activewear, Equipment, and Sports
 

Leading sports brands Adidas and Nike offer the best of the best when it comes to sports, sneakers, and activewear. The Mall of Emirates is also home to an ‘Adidas Originals’ store, where fashion-forward folks can shop for streetwear and trendy sneakers. World-renowned Lululemon, located on Level 2, offers upscale athletic clothing and lifestyle apparel. Other multi-brand stores like ‘Go Sport’ and ‘Modell’s’ are great places to shop for sports equipment, fitness apparel, and accessories.
 

Electronics
 

Mall of the Emirates is home to several top-tier brands when it comes to electronics and technology shopping. The Apple store in Mall of the Emirates was Apple’s first retail store in the Middle East. Here, shoppers can enjoy the very best in smartphones, laptops, and accessories. If you are more of an Android kind of guy, look no further than the Samsung store or other well-known stores such as Jumbo Electronics, the official retailer of Sony products in the UAE.
 

Dining
 

Walking the expanse of this immense shopping center can build up quite the appetite. Fortunately, Mall of the Emirates has something to satisfy all tastes. From well-known coffee shop chains including Starbucks and Tim Horton’s to more upscale dining options such as South American steakhouse Texas de Brazil and fine dining Chinese restaurant Miu Shanghai. You can drop in for breakfast at homegrown specialty coffee shop Common Grounds or indulge your sweet tooth at The Cheesecake Factory. If dinner and a movie is what you’re after, then you can head to Vox Cinemas, one of the most popular multiplexes in the region. Vox at Mall of the Emirates offers a viewing experience known as ‘Theatre by Rhodes’, where you can enjoy the latest blockbusters in a VIP screening room with comfortable recliners, enjoying at-your-seat service and a three-course menu conceptualized by Michelin-starred chef Gary Rhodes.
 

Skiing
 

Aside from the cinema, perhaps the biggest attraction at Mall of the Emirates is Ski Dubai, the Middle East’s first indoor ski resort. Ski Dubai has five slopes of varying difficulty, including the world’s first indoor black run (the most difficult type of slope). Veteran skiers can head straight for the slopes while beginners have the benefit of certified professional ski instructors. The facility contains a pro shop for clothing and equipment, and has its own ski lodge and cafe.
 

Mall-of-the-Emirates-Electronics
Mall-of-the-Emirates-Fashion-Dome-and-Luxury-Wing
Mall-of-the-Emirates-Household
Mall-of-the-Emirates-Sports
Mall-of-the-Emirates-Dining
Mall-of-the-Emirates-Skiing

Images courtesy of Mall of the Emirates Facebook page

]]>
Wed, 11 Jul 2018 12:44:00 +0000 https://www.luxuryproperty.com/mall-of-the-emirates-guide Lifestyle
Best Investment Options in Dubai Hills Estate https://www.luxuryproperty.com/best-investment-options-in-dubai-hills-estate

Dubai Hills’ abundance of luxury residential developments will soon become the prime real estate spots in Dubai. With competitive pricing and generous payment plans, quite a few of these residences present fantastic investment opportunities. LuxuryProperty.com has compiled a list of the best investment options in the ever-growing community of Dubai Hills.
 

One-Bedroom Apartment – Park Heights II
 

Part of the Park Heights development in Dubai Hills, this one-bedroom apartment, available at a competitive price, can serve as a great investment or as a fine second home. Park Heights, a lavish 18-storey tall development, comprises spacious and luxurious one to three-bedroom apartments. Designed to deliver its residents with everything within their reach, the development features top-notch facilities which include an outdoor infinity edge pool, a fully equipped indoor gymnasium, a kids’ play area, and a multi-purpose hall.  Containing floor-to-ceiling windows which provide breathtaking views of Downtown Dubai and the Burj Khalifa, this luxury apartment features a contemporary and sophisticated design with high-quality finishing. With a well laid out interior, the home offers an abundance of living space for the convenience and comfort of residents. With its prime location, residents of this fine apartment can enjoy easy access to the community central park, mall, and boulevard.
 

Two-Bedroom Apartment – Collective
 

Covering an internal area of 722 sq ft, this exquisite apartment is situated inside ‘Collective at Dubai Hills’, one of the latest developments in Dubai Hills Estate. Collective brings a brand-new concept of luxury and contemporary living to Dubai. Collective offers private residences and a multitude of on-site shared dining, leisure, retail, and cultural facilities. Designed with keeping Dubai’s dynamic young professionals in mind, this development offers living spaces conveniently connecting private spaces to communal areas, allowing you to enjoy some quiet time or socialize. The apartment’s open plan living area, which opens out to a balcony overlooking stunning views, features two bedrooms, a dining room, a kitchen, a bathroom, and a storage room. The bedrooms have been cleverly designed to allow the guest room to be used as an extension to the living room or as a private study for the convenience of residents.

The fantastic on-site facilities include retail and dining options, indoor and outdoor lounges, a multi-purpose event amphitheater, a communal library, a gaming area, a secret garden, a huge CrossFit-style gym plus a beautiful pool area with modern landscaping.

 

Three-Bedroom Apartment – Park Point
 

Situated in Park Point inside Dubai Hills Estate, this three-bedroom presents a marvelous investment opportunity. Park Point is a mid-rise apartment complex, which features an exclusive collection of lavish homes, ranging from one to three-bedroom layouts. The development stands out in the Dubai Hills community due to its sleek glass-fronted facade and minimalist interior design. Spanning 1,578 sq ft, this exquisite residence features an abundance of space and an elegant interior, which boasts high-quality finishes and elegant modern fixtures. Through the apartment’s floor-to-ceiling windows, residents can also enjoy breathtaking views of the surrounding landscape. Park Point’s key facilities and amenities include, but are not limited to, a health club, swimming pools, jogging tracks, gourmet restaurants, upscale retail outlets, and children's play areas. With its central location, residents can easily access the community’s signature 18-hole championship golf course and are only a short drive away from the buzzing Dubai Downtown area, which is also home to the iconic Burj Khalifa.
 

Three-Bedroom Villa – Sidra
 

Located in the tranquil Sidra neighbourhood on the western end of Dubai Hills Estate, this villa is an ideal home for a growing family. Set on one of the larger plots available in the community, it offers a generous 3,100 sq ft of internal space. The home features expansive open plan living spaces on the ground floor that connect to each other and the outdoors in a seamless flow. The bedrooms are all en-suite and also quite spacious, with the master bedroom occupying half of the area of the first floor. Luxury wood and stone finishes have been used throughout for a sophisticated contemporary look, and the kitchen has been fitted with state-of-the-art appliances. Sidra is located in very close proximity to Dubai Hills Park and Dubai Hills Mall, and enjoys easy access to the beautiful green spaces and landscaped walkways of the community. It is also quite close to Dubai Hills Golf Course, as well as international schools and renowned healthcare facilities.
 

Five-Bedroom Townhouse – Maple
 

With this lovely five-bedroom residence inside Maple at Dubai Hills Estate, LuxuryProperty.com offers a fantastic opportunity to acquire a lavish, contemporary family home at a competitive price. Maple is a unique community consisting of a collection of luxurious townhouses designed along an integrated network of green corridors. With townhouses varying from three to five-bedroom layouts, Maple’s townhouses are meticulously designed to display timeless architecture and elegant finishes. Benefiting from expansive living spaces immersed with bright natural light, this ultra-modern five-bedroom townhouse features an open plan kitchen fitted with tasteful granite countertops, modern fixtures, and a spacious dining area. The five spacious bedrooms come with built-in wardrobes for the convenience of residents. Surrounded by lush greenery and shaded pathways, this residence has a lot to offer when it comes to leisure. Outdoor enthusiasts can visit the nearby community park while those looking to make a few additions to their wardrobe or wanting to have an intimate dinner can visit the closely located Dubai Hills Mall, which contains, high-end retail outlets and fine dining restaurants.
 

]]>
Tue, 10 Jul 2018 13:45:00 +0000 https://www.luxuryproperty.com/best-investment-options-in-dubai-hills-estate Property Spotlight
8 Reasons To Invest in Dubai https://www.luxuryproperty.com/8-reasons-to-invest-in-dubai

In the first half of 2018, Dubai saw AED 111 billion worth of real estate transactions, and with the recent announcement of 10-years visas being granted to investors, the total investment into the city by the end of the year is expected to be monumental. No matter what direction the market turns, Dubai has maintained its position as a solid choice for investors the world over. But what makes this city such an attractive prospect? LuxuryProperty.com takes a closer look at why you should be investing in Dubai.
 

Dubai-Marina

Central Location

 

Dubai, and indeed the UAE, sits in a very strategic location on the world map. It is roughly a six-hour flight from most of the major cities in the East and the West, offering a convenient waypoint for those who are crossing the globe and serving as a hub for local businesses who want to expand in either direction.

 

Booming Tourism Industry

 

Although Dubai has seen more people settling into the city as long-term residents over the past few years, it still remains one of the top tourist destinations in the world. With world-class attractions such as the Burj Khalifa, Palm Jumeirah and some of the most well-reputed hotels in the world, there is no shortage of wonders to experience. As Expo 2020 looms on the horizon, Dubai will continue to add even more lifestyle offerings that will keep the crowds coming in.

 

Downtown-Dubai

City of Innovation

 

Dubai is always looking to the future and trying to find ways to bring that into the present. New communities are being developed to create a more sustainable living experience for residents, new roadways are being constructed to keep the city better connected, and with its ongoing ‘smart city’ and ‘happiness’ initiatives, Dubai aims to make every aspect of life in the city hassle-free. There are also the architectural innovations, such as Dubai Creek Tower, which will eventually dwarf the Burj Khalifa, and Dubai Frame, the 150-meter tall ‘photo frame’ tower that creates a visual link between the older and newer parts of the city.

 

10-Year Investor Visa

 

Earlier this year, it was announced that investors into Dubai and employees of certain skilled professions would be granted 10-year residence visas. Needless to say, this is a major game changer for Dubai’s economy. Committing to such a long-term residence option shows the level of confidence that Dubai has in investors and signifies just how secure an investment into the city ultimately is. It was also announced that businesses in the UAE would no longer require a majority shareholder of local nationality, which will undoubtedly lead to a rise in entrepreneurship and homegrown businesses.

 

DIFC

Strong Regulatory Framework

 

This announcement is just the latest addition to a strong framework of laws and regulations that are designed to protect an investor’s interests in Dubai. This is especially true in the property market, where the Dubai Land Department and its regulatory body, the Real Estate Regulatory Authority (RERA) continue to implement rules that ensure property developers deliver on their promises in a timely manner.

 

Impressive ROI
 

Over the span of just a few decades, Dubai has established a stellar reputation for itself in the global real estate market. Compared to many of its counterparts throughout the world, including New York City, Hong Kong and London, Dubai offers some of the highest returns on property investment. You can expect returns upward of 6%, even hitting double digits in certain areas and on certain properties. For the savvy investor, Dubai is a very lucrative option.

 

Business-Bay

Safety & Security

 

Dubai is also known as one of the safest cities to live in the world, with a very low crime rate and an efficient legal system. People from all walks of life can come to the city and not have to worry about anything. Even with political turmoil raging in many parts of the world and across the region, the UAE has remained a haven for those living there.

 

Tax-Free Investment

 

Another major benefit of investing in Dubai, especially in the real estate market, is the lack of property tax. Although VAT was introduced earlier this year, it is still negligible in terms of overall costs and does not apply to residential property purchases. So you can buy a villa or apartment anywhere in the city and be assured that you won’t have to part with a portion of your returns each year.

]]>
Mon, 09 Jul 2018 13:11:00 +0000 https://www.luxuryproperty.com/8-reasons-to-invest-in-dubai Buyers Guide
LuxuryProperty.com Welcomes Monica Garcia As Associate Director https://www.luxuryproperty.com/luxurypropertycom-welcomes-monica-garcia-as-associate-director

We are delighted to welcome Monica Garcia to the Private Client Advisory team at LuxuryProperty.com as an Associate Director. Monica will specialize in the Dubai Creek area, covering the upcoming Dubai Creek Harbour, Culture Village and Dubai Healthcare City.

 

Monica is a qualified lawyer with several years of experience dealing with corporate clients. During the course of her career Monica has lived in both Italy and China, and has gained a wealth of knowledge and experience of how to operate and be successful in different cultures. Since moving to Dubai, Monica has taken her skill set and put it to good use, developing a reputation as a strong, ethical and successful real estate broker.

 

With substantial industry knowledge and a core specialization in off-plan properties, Monica will be an invaluable addition to the team, providing expert advice on both home buying and investments.

 

Monica is an avid painter and enjoys indulging her artistic side outside the office. In addition, she is a polyglot and speaks fluent English, Spanish, Italian, Russian and French.

 

]]>
Sun, 08 Jul 2018 07:31:00 +0000 https://www.luxuryproperty.com/luxurypropertycom-welcomes-monica-garcia-as-associate-director Company News