Dubai Rentals see increase in rents in the first quarter of 2014

Palm Jumeirah is the most costly community to let a 2-bedroom flat in Dubai, but the maximum boost was read by Discovery Gardens in the Q1 of 2014, in accordance with a fresh Dubai rentals report launched by Land Sterling.

Discovery Gardens found rents soaring 13 percent to Dh 90,000 per year and Dubai Business Bay rents for 2-bed components increasing by 12% each. Downtown Dubai reaches Dh 165,000 per year on common and saw a-3 percent Dubai rentals increase in the 1st quarter, compared to Q4 2013. On an average, in Global Town, a 2-bed rental went for quarter increase of 8%.

Dubai Rentals expected to follow the upward trend in 2014

Till they can be countered by adding more offers in the marketplace, according to business specialist Dubai rentals rents may continue to increase in 2014.

"I do not believe there are any chances of rents decreasing but you'll find the leasing development sluggish and this quarter we simply had a three percent boost, down from what we found throughout preceding years," stated the manager Mr. Green of CBRE Middle-East.

"We will not be anticipating to observe the exact same degree of increase that we observed in 2013 but rents will rise until enough offer comes through and I do not believe that (offer) is occurring in the brief term."

Dubai Rentals not giving much options to tenants

Due to significant and sudden increases on their leases, budget-oriented renters in Dubai should make up their heads rapidly on what their choices are. They might determine to purchase an "affordable" property in their own or mind for places where rents nonetheless have perhaps not however shot-up to amounts they may be facing today. But these choices are thinning by the week.

"The competition for cost-effective Dubai rentals and Sharjah high rises have gone upwards rather dramatically," stated David Stevens, controlling director at a real estate company.

Apartments for rent in Dubai rates not stable in first quarter of the year

The cost of renting in the UAE is rising by "unsustainable" amounts pushing occupiers to maneuver out to more economical places, property brokers say. Average annual rates for apartment for rent in Dubai increased by 5 percent on the three months to the ending of March, while villa rents rose 3%.

It said that at International Town in the borders of Dubai there were a number of the biggest rent increases, with average rents upward by 11 percent through the first quarter of 2014 to Dh50,000 for an one-bedroom flat- equating to an 80% increase over the entire year.

Biggest Dubai property for sale deals of 2014 so far

A flat sold in Burj Khalifa, the planet's tallest tower, has capped the record of the 10 largest Dubai property for sale deals completed in first-quarter 2014. 7.

The second place was taken by a 6,887-square-feet apartment in Dream Hands Home, Palm Jumeirah, which was offered for Dh15.50 million followed closely by a 10,254-square feet apartment in Marina Houses - 5, Palm Jumeirah, selling for Dh15 million.

Emmar announces its new villas for sale in Dubai neighborhood Samara

After documenting strong investor interest for its preceding communities Dubai developer Emaar has declared the launching of its newest villas for sale in Dubai neighborhood Samara, in its popular development Arabian Ranches.

The community will also have facilities and comforts including a health care centre, forte food and drink retailers, a big retail center plus a daycare centre.

Located at the cross roads of al Qudra and Sheikh Mohammed Bin Zayed Road the villas for sale in Dubai neighborhood Samara gives simple accessibility to Dubai's primary hubs including Dubai Marina, Dubai Media City and Dubai Internet City.

Emmar to launch its new properties for sale in Dubai project

International property developer Emaar Properties PJSC has started BLVD Crescent, its newest high-end home Dubai properties for sale. Launch will be in four cities concurrently - Dubai, Abu Dhabi, Almaty and Shanghai - and will join showcasing and sales activities to previously registered attendees. Although costs haven't been revealed, the average marketing rate for Burj Vista I, a preceding project by Emaar, was 2000 EAD per-square foot (roughly 75000 $544 per-square foot), as formerly reported by MHN.

Located on Mohammed Bin Rashid Blvd, in down-town of Dubai, the 300-device BLVD Crescent will likely be comprised of two high rises of 39 and 21 stories, linked by a podium containing neighborhood comforts.

The world island project begin its Villas for sale in Dubai endeavor

Resort packages at Mont-Royal, a-5-star hotel being assembled on the key isle of The Heart of Europe in The World islands Dubai, are available for purchase with off-plan costs which range from Dh3,000 to Dh3,700 per-square feet.

The villas for sale in Dubai are listed  as selling a 640-square foot development called "princess suite", for Dh2 m, or Dh3,125 per square feet, while yet another 581 sqft (corner) package is listed for Dh2.15m. These are the initial villas for sale to go on The World Island after the worldwide fiscal crisis.

Authorities keeping a close watch on Dubai rentals

The Authorities of Dubai may concentrate on innovative professional areas and business real-estate, while attempting to retain the leasing market within allowable limitations, as per a Division of Finance (DoF) report.

The government may concentrate on commercial real estate property such as hotels, malls and workplaces in the property market and also function to regulate the leasing marketplace to be sure that it stays within permissible limitations.

It costs high to rent apartment in Dubai

Dubai has been listed among the top 20 expensive locations in the world for high end leasing apartments sought by expatriates, according to a new report.

The emirate jumped almost 20 places to be ranked sixteenth in the 2014 listing of most high-priced areas for high end three-bedroom rental flats, ECA International, human sources consultants, said. In 2013, it had been placed 35th in the listing.

"The costs are way high to rent apartment in Dubai. The cost to rent apartment in Dubai rose more than 30 percent as demand across the emirate accelerated throughout the year," the consultancy said.

Emmar to launch new property for sale in Dubai project every week

Top residential Builder Emaar is now going to start a new development projrct every week in 2014 across Dubai - with sources indicating the tendency can continue throughout the year. An amazing seven fresh developments have already been declared in the initial eight days of the year, starting with the "Lila" Spanish coastal villas in Arabian Ranches.

Dubai Real Estate market in fears of another bubble

A global property consultant said Monday there are worrying signs that Dubai might be confronting yet another financial bubble after property prices soared over 22 per cent last year and rents by 17 percent.

 Dubai is currently home to the world's tallest tower -- the Burj Khalifa -- and numerous manmade islands in the shape of palm trees along with map of the world.

In several sectors, the town is still recovering from the 2009 financial bubble that resulted in property rates in Dubai reduced by more than half. The town's government finally wanted a 10 million bail-out from neighbors Abu Dhabi, and Dubai-held companies are still trying to repay 10s of billions of bucks in loans after the town's frenetic constructing boom arrived into a stop.

Prices of villas in Dubai to see considerable changes this year

Jones Lang LaSalle (JLL), an international property consultancy, stated on Monday the Dubai property market was "smarter" this period with traders getting more careful helped by better laws in position.

"There is concern that Dubai may experience yet another bubble, however there are numerous variations this time around that makes for a 'smarter' marketplace," Craig Plumb, Head of Investigation, JLL Mena, said at a media meet in Dubai used to produce their best 2014 tendencies for UAE real estate market.

New apartment for sale project launch announced by Emmar

Emaar has declared its second apartment for sale in Dubai launch of the year as new figures signify that apartment costs in the emirate increased by more than a fifth in 2013.

The Dubai builder mentioned yesterday that it was about to start marketing serviced apartments at its newest endeavor, a 63-storey tower above the Dubai Mall expansion.

The 297 luxury apartments, which will be linked to the shopping center with a connection, may move on sale on Saturday in Dubai, Abu Dhabi and Singapore, Emaar mentioned.

Buying Dubai property the hottest trend for Real Estate Enthusiasts across the Globe

Foreign ownership continues play a significant role in Dubai real estate market, with more than Dh114 billion in purchases a year ago being attributed to these buyers, according to numbers produced by the Dubai Land Department.

Indian passport holders showed the bulk of the purchases, followed closely by British and Pakistani nationals why contributed by buying Dubai property. It’s interesting to see that foreign people from 162 nations finished up acquiring real estate in Dubai in 2013. “Investors from around the globe find Dubai is providing an attractive climate to start property business,” Sultan Butti Bin Mejren, director-general in the Land Department, explained.

Villa for rent in Dubai a more sought after option then buying property according to a new report

The number of UAE citizens who rent property is dramatically greater than those who own homes in the UAE, based on a nationwide review by propertyfinder.ae.

A big expatriate population and soaring property prices have raised leasing, explained Renan M. Bourdeau, deputy President of propertyfinder.ae.

“Home cost increases in 2013 have made buying much more costly, their interest is automatically shifted to look for an apartment or villa for rent in 

Dubai. Additionally, tighter credit standards for mortgages, capping of the loan-to-price control at 75 percent and doubling of property registration costs signify unless you have enough to place a healthy deposit right down to secure a mortgage, you will need certainly to stick with rent.

Apartment for rent in Dubai sees an upsurge in rates last year

As rates for apartment for rent in Dubai surged 50 per cent while accommodation rental charges grew 20 per cent, according to a recent report Dubai’s leasing industry grew dramatically in 2013.

As typical rental rates for rentals and apartments increased 22 and six per cent respectively Strong growth was also shown by the emirate’s residential rents within the last quarter of 2013.

Among villa rentals, Mirdif registered the greatest growth rate with rents rising by 40 per cent while Arabian Ranches found a 30 per cent growth in leasing rates.

The statement attributed the surge in rents to continued unrest in the larger Arab region, Dubai’s prosperous Expo quote and an expanding economy.

Dubai Real Estate shows booming numbers in 2013

Dubai Land Department said on Saturday that the overall amount of real-estate transactions in Dubai reached AED236 billion ($64.2 billion) in 2013, up from AED154 billion in the earlier year.

A report launched by their state property field growth department recorded AED166 billion price of terrain mortgages and sales and AED62 billion of property product mortgages and sales for the year, using the total quantity of purchases moving 53 percent on 2012 going to 63,652.

"These may be related to the newest rules and procedures given in the past year, which have contributed to the strengthening of confidence and trust between the various types of investors.

Dubai property costs to rise up 40 per cent this year

Dubai property costs might increase by around 40% this season, according to the Dubai Land department

Sultan Bin Mejren mentioned that the section intended to expose fresh guidelines to command conjecture on attributes marketed until these were built-in reaction to Dubai property costs rising over 30% in 2013.

He explained the real-estate specialist intended to finish analysis off-strategy trades in the q1 and might expose fresh laws in the next or 3rd quarter.