The dynamic waterfront community

Ask a resident living in any of the Jumeirah Lake Towers apartments and you will for sure get to know how they enjoy living in a cosmopolitan culture and enjoy the diversity of this world class community. This superb mixed use development located on Sheikh Zayed Road is a dynamic waterfront community built over the concept of work and play. A huge development, covering a total area of 200 hectares consisting of 64 residential and commercial towers alongside four man-made lakes and a lot of amenities. One of the lakes was recently changed to a park to create more space for family activities for the inhabitants and this change was highly welcomed. Looking at the traffic in Dubai during peak hours, people have to spend a lot of their time commuting to and fro from work, Jumeirah Lake Towers is the one community that solved this problem as people working in this free zone can live an integrated lifestyle within the community and enjoy superior amenities and facilities and enjoy quality time with friends and family after work. The pedestrian friendly network surrounding the waterways is quite popular with joggers, dog walkers and kids. These walkways also have cafes and restaurants which are of much interest to the residents as they offer different types of cuisines catering to the diversity of the community.  Jumeirah Lake Towers is a self contained development and includes supermarkets, retail stores, medical facilities, health clubs, spas, and beauty parlors and other retail options catering to day to day needs of the residents. The residents of JLT can enjoy eating, shopping, dining or outdoor activities at Dubai Marina as this wonderful community is just a walk away.

The community is served by two metro stations, JLT and Dubai Marina; there are special golf buggy taxis that ply between the community and the train station. The residential towers offer upscale apartments ranging from studios to 4 bedrooms. The apartments offer spectacular view of the lakes which is mesmerizing during the night. 

JLT is fast becoming the most in demand community to live for its superior concept, integrated lifestyle and superior connectivity.

The most desirable residential neighbourhoods in Dubai

Emirates Living is the first large scale residential community in the Middle East providing its residents a high standard of living in beautifully crafted villas set amid sprawling landscapes, lakes and parks in a secure environment. Emirates Living is family oriented community formed by combining six freehold developments; Emirates Hills, The Lakes, The Hattan, The Springs villa community and the Meadows forming a residential community that has set high standards among similar projects around the World, Emirates Hills is often compared to Beverly Hills and is Home to the Montgomery 18-hole championship Golf Course which makes it a preferred destination among Golf enthusiasts. Emirates Hills is strategically located off Sheikh Zayed road near Dubai Marina and Dubai Media city which makes it easy for people working in these areas to live in the Emirates Living area.

Emirates Hills showcases a harmonious balance of meticulously planned villas, Residents can choose to buy plots of land and realize their own design or buy beautiful ready to own Villas.

Signature Villas: The Signature Villas are ready to occupy villas in Emirates Hills community defined by their distinct architecture reflecting Arabic Architecture and modern design blend well to create masterpiece homes. Designed by the well known architect, Sir Michael Hopkins there is a total of 20 detached villas ranging in sizes between 6000 to 9000 square feet and having five or seven bedrooms. All Signature Villas have large spacious rooms and large gardens. The villas have been crafted using the finest materials and best craftsmanship.

The Emirates Hills is an unrivaled community that provides world class amenities like retail outlets, pharmacies, hotel, mosques, swimming pools, cycling tracks, parks, sports facilities and a range of well reputed nurseries and schools making it a sought after residential community in Dubai. The inhabitants of Emirates Hills cherish the best amenities, a fantastic location, manicured greenery and lush green surroundings all within a gated community.

Dubai Real Estate market in a mode of correction

The Real Estate market in Dubai has started showing signs of a slowdown following internal and external factors. The average sale price for apartments in Dubai slumped 2 percent compared to a 1 percent in the last quarter, villa prices also lowered by a small margin of 1 percent. This is a sign of market softening as new unites were released that boos.ted supply of apartments. Rents for both apartments and villas however showed no change and remained stagnant, compared to a y- o-y basis the average price of Dubai apartments increased by 9 percent and a two percent for villas. This is the first time since 2008 that sales prices have fallen. Now as Dubai's real estate market has entered into a mode of correction, developers are now targeting middle income earners and believe these kinds of projects will keep the market going. 

Recently Dubai municipality announced to introduce properties that would suit the budget of middle income workers. These projects will be built at various locations across the city. This news already has spread a wave of excitement among people who fall in the middle income range in Dubai. There are an estimated 22,000 units to be released in this year which will give a boost to supply and eventually lowering sales prices, while some developers believe that there will be no significant drop in the sales prices in 2015 as people have been and will be attracted to the UAE so increase in the population will keep absorbing the inventory, also the growth in economy is creating newer opportunities for skilled people and businesses thus resulting in keeping the demand at par with the supply. The developers are confident about the new projects in pipeline and new projects being announced. Developers are coming up with new incentives for buyers and easy payment plans will attract people to buy a house than rent.

Villa or townhouse?

Whether to buy a townhouse or a villa will completely depend on budget and personal preferences. Townhouses and villas are totally different types of housing options with a few similarities. A townhouse is typically a terraced residential building where one house shares a common wall with another and there is no space between two buildings on the sides while as a villa is more independent and is built typically in the middle of the plot. Townhouses are typically considered an affordable option compared to villas can be a viable option than living in an apartment if you are looking for more privacy than apartments have to offer.

In Dubai there a couple of good option where you can buy or rent a townhouse. Jumeirah village Circle or JVC is a good viable option that offers well planned villas and townhouses built on classic Arabian and Mediterranean architecture styles. This is an ideal community for people looking for convenience in terms of location and accessibility, this community is well connected with major roads of Dubai which makes it easy for residents to reach anywhere in Dubai in just a matter of minutes. Once fully completed JVC will have 5 entry and exit points that will make it even more convenient for residents to choose their route to the destination for quicker access. JVC is a self contained community that provides its inhabitants amenities within the community such as restaurants, cafes, supermarkets, swimming pool, and children’s play areas. A huge shopping mall consisting of a cinema, hypermarkets and many branded retail stores is a part of the plan. The townhouses in JVC come in different sizes and floor plans suiting different budgets and family sizes. JVC is fast gaining popularity among people who want to buy or rent a townhouse in a community that is affordable, and provides good facilities and amenities while being located in a convenient location.

Dubai Real Estate Brokers

Dubai as per its size has too many Real Estate Brokers; this was revealed by the CEO of Real Estate Regulatory Authority in Dubai. RERA has brought into play a number of new regulations that will bring down the total number of Dubai Real Estate Brokers in the coming years. During the Real Estate boom between 2003 and 2008 a large number of Real Estate Brokers and developers entered the UAE market and this was one of the many reasons for Real Estate slump in 2008.As per RERA there are 2205 brokerages registered in Dubai and the total number of brokers is 5021 which is still a lot more than what could be better for a regulated market.

RERA introduced four new regulations to control and ensure only qualified brokers having complete knowledge of Real Estate Brokerage procedures enter and operate in the market.

The number of marks required to pass the broker’s license test was increased from 75 to 85 percent which will ensure that brokers wanting to enter the market will read and understand the regulations and will also stay updated with the changes.

The Broker cards will be linked to the Emirates identity card.

New Brokerage companies entering the market will not be allowed to employ more than four agents in the first year of its operations and only after assessing the performance of the firm for the first year it will be allowed to increase the number of employees.

Any Real Estate Agent who will not complete a transaction between six months to 12 months will receive a notification regarding the performance and will need to show proper improvement in order to keep the registration intact.

The Real Estate market in Dubai has seen a timely correction in sales prices and the market outlook looks promising, though a drop in sales prices is expected but this will have a positive effect to keep the market stable and avoid any overheating.

The Villa community at Dubailand

This amazingly sprawling community is envisaged to become an International hub for tourism and entertainment. A unique concept district that is multi faceted and offers enormous residential options,

sporting opportunities, entertainment for entire family and an array of shopping centers. This massive development hosts events that drive International tourism and Business opportunities. Dubailand is home to a 100,000 families enjoying world class amenities amid lush landscapes, botanical gardens and picturesque lakes. Dubailand offers housing options that suit different requirements, from affordable apartments to super luxury villas this community will has something to offer for everyone.
The villas project at Dubailand is one of the most appreciated villa communities in Dubai. The Villa community offers tranquil living in an integrated community. The villa community is a residential retreat relished by those who seek a family haven which provides great ambience, outdoor activities and entertainment options. The Villa project offers luxurious four, five and six bedroom villas inspired by Spanish architecture, built to offer a modern lifestyle.

The Villas are of the below types:-

Granada Villas: Granada Villas are designed with traditional Andalusian essence. The villas are sized at Approx 6329 square feet and are an ideal option for growing families. These villas showcase superior finishes and a terrace overlooking the garden.

Cordoba Villas: These villas consist of four bedrooms and a maid’s room and are the size ranges between 4672 to 5225 square feet approximately. Cordoba villas are meticulously planned and showcase a high level of comfort and great finishes.

Valencia Villas: These are spacious homes and a good choice for families, the size of these villas is approximately 7114 square feet and they consist of five spacious bedrooms. Built with a Spanish theme there is a central courtyard and an alfresco area. The bedrooms are located on the first floor and the ground has a guest bedroom. A spacious maid’s room will keep the maid happy and the separate entrance will ensure complete privacy.

Marbella Villas: These villas are huge and provide ample space to accommodate family stuff. These homes are designed with a Spanish theme and are sized between 8100 to 8500 square feet. The larger villa consists of five bedrooms, a maid’s room and seven bathrooms, the smaller villa has five bedrooms, a study, a maid’s room and six bathrooms. All bedrooms have en-suite bathrooms.

Mazaya Villas: These types of villas are the most sought after in the villa project. Mazaya villas are spacious and showcase high quality of materials used. Built to provide luxurious living spaces the villas come in many sizes and floor plans.

Al Reem Island

Al Reem Island is an exciting mixed use project being development on the natural Isle of Al Reem about 600 m off the Abu Dhabi coast. The developments  spans an area of 6.5 Million square meters and will include residential,  Commercial towers that will be the first ever free zone in Abu Dhabi and will allow foreign national to own property and do business on this world class development with first class infrastructure and facilities. The Island has become a sought after address for residents and business alike for many reasons. Residents enjoy the superior amenities of Al Reem Island and the cosmopolitan atmosphere. Once fully completed which is expected in the year 2023 this mega development will accommodate 200,000 residents in luxurious residential towers. Being a free zone foreign nationals can buy apartments for sale in Al Reem Island or rent a unit and enjoy all the goodness of the meticulous development.

The development is divided in sub communities each having its unique identity. Marina Square is one of the most exciting sub communities and is considered as the face of the development. Marina Square is a mixed use sub community which includes residential and commercial towers and retail components. The sub community of Marina Square spans a total area of 70 acres and built space of more than 1.3 million square meters. Marina Square includes 13 residential towers and these towers provide best facilities. Marina Square development has a capacity to accommodate a total of 8,500 residents along with the residential towers there is an office tower with a Hotel.

The luxurious residential towers offer apartments ranging from studios to four bedrooms in different floor plans. Apart from apartments there are villas providing a luxurious life style to inhabitants. The apartment units and the villas provide stunning views of water. Residents of Marina Square can enjoy superior amenities which include state of the art gymnasiums; temperature controlled swimming pools, play areas for kids, pedestrian friendly walkways, retail stores, restaurants and cafes, healthcare facilities, supermarkets and day care centers.