Abu Dhabi Property Leaving the Rest Behind

Abu Dhabi residence is like a dream for any person living in any part of the world because the excellent accommodation options that Abu Dhabi property provides one with and the magnificent sites that this city contains can be desire of any living human being. The beautiful natural sites with the rough mountains, sighing deserts and the roaring sea make this city stand out among other cities of the region. A few years back only Dubai was rated among the top most desirable cities in the region, however, Abu Dhabi has certainly come a long way since then and today, it can be safely said that it is one of the most exciting places to live in, in the world.

Abu Dhabi is a favorite place for the world tourists and is perhaps the only place in the region that has the potential to compete Dubai as a tourists’ heaven in the future. Abu Dhabi’s flight towards becoming one of the biggest markets of the region is supported by its rich tourism industry, the oil-led economy and the business activities that this state offers to the world. All these factors jell in together to bring expatriates from all parts of the world to the city and all of them put their contribution in making Abu Dhabi one of the best business city of the world.

These expatriates come here mainly for two reasons. The biggest reason is the business which creates jobs as well as capital investment opportunities and both the job-seekers and businessmen come here to earn their living. The other type of expats is the students who come here to learn to earn their living. The job-seekers and students are normally from humble backgrounds so they prefer living in apartments for rent in Abu Dhabi while the business community usually prefers villas and townhouse residences.

Abu Dhabi has fast evolved into one of the most favorable markets in the region and is constantly becoming better and the day is not far off when it will leave all the major competitors in the region and will become the leading market for business as well as tourism in the region.

Smaller Properties Surprising the Business Gurus

The government data has revealed that Dubai has seen a drop of about 44.8% in the buying trend of average size homes and apartments during the first half of the year 2012. According to the stats released by this report, there was a 24.5% increase in the number of transactions as compared to the first half of 2011 but the size and value of property has shrunk that is surprisingly inversely proportional to the increase in transactions.

The data collected by Dubai Land Department indicates that although the number of transactions has increased by 24.5% yet the average size of property bought in the first half o this year was around a hundred and a half sq m less, 139 to be exact. The property prices also saw a downward trend as the sale prices of the properties dropped 23% comparing to the same period of the previous year. It was 2.8m AED in 2011 while it is AED 21.4m this year which is quite a worrisome figure for the Dubai administration.

Mr. Mario Volpi of Cluttons opines that the fall in prices might be de to the shrinkage in the size of the property as more and more people are asking now for smaller 1 or 2 bedroom units while the demand for 3 to 4 bedrooms apartment is falling down. Mortgage transactions have also dropped dramatically and there has been a decline of 23% in the mortgage transactions and the reason can very well be the people’s priority to buy with the cash instead of mortgaging.

He, however, was hopeful about the future of mortgaging in the country as he believed that the scores of mortgaging schemes that the banks are offering to the customers these days in order to alluring them into this business, and this will certainly boost mortgaging in the country. Mr. Volpi is the head of leasing and sales department for residential property of UAE at Cluttons.

Mr. Matthew Green opines that the realty market will show a positive trend throughout the year in the residential sector but the volumes of transactions, as stated above, would continue to remain low comparing it to the first six months of the year. He said that on the grounds that during Ramadan especially and throughout the summer, the prices remain almost the same. Mr. Matthew Green heads the department of research and consultancy at the CBRE.

Prices of Abu Dhabi Properties Rising Like Mercury

Abu Dhabi is the largest and the richest state of all the seven states of the United Arab Emirates. It is the largest producer of oil as well and thus has hegemony over the state of affairs in the union. Though oil remained its main source of income for years but constant e fforts of the Abu Dhabi administration have borne fruit and now Abu Dhabi properties and tourism along with other sectors make up 64% of the GDP of the state. This was only possible after the administration took the decision to bring the tourism industry to the forth.

In the recent years the Abu Dhabi city has developed a number of tourist attractions in the city which have certainly helped bring its true potential to the fore. With high mountains and a sea flirting with the sun-hot sand of the beach, Abu Dhabi has got everything to charm the tourists from across the globe. With its ever rising tourism industry, the Abu Dhabi real estate market has also seen a boost and within a few years the prices of Abu Dhabi property have leapt past several barriers and today it stands as one of the most expensive realty markets in the world.

Abu Dhabi properties stood steadfast during the recession period as their prices never deteriorated in that crunch period as much as the important cities of the region. Even Dubai real estate was unable to perform as good as Abu Dhabi’s during this era. However, Dubai real estate has covered the deficit in the recent months and once again it is on a rise but Abu Dhabi real estate has really made some considerable progress during this era and is just lagging behind with a few steps from the strong Dubai real estate and the property gurus believe that if the Abu Dhabi market keeps rising the same way, the day is not far when it will surpass the Dubai property prices as well.

All Hospitals in Dubai will now have “Aman”

Dubai administration has always vowed to make Dubai a welfare state where people and their welfare come first and foremost in the eyes of the state. For this purpose they have been providing best education, residential as well as healthcare facilities. Hospitals in Dubai match the Western standards and the best doctors of the world are completely equipped with all the modern techniques and technologies to help the patients are available in Dubai hospitals.

One of the most advanced technologies recently introduced by the Dubai Healthcare Authority (DHA) is the DATIX system. The system is named as “Aman” and this technology helps improve the quality of treatment of the patient as it keeps a record of the patients and thus helps the doctors to understand the issue in minimum time. The system is used all over the world and is currently being used by around 20,000 hospitals across the globe.

A patient, if goes to one hospital, and then goes for a second opinion to any other hospital, the system will allow the doctors to see the treatments received by the patient in the previous hospital. It will keep record of the customer throughout his life which will certainly ensure better understanding of his biomechanics and in this way the communication among the hospitals in Dubai will also become better.

Deputy Director-General of DHA, His Excellency Khalid Al Sheikh Mubarak shared his view that it is the first priority of DHA to improve the healthcare facilities in the city and patient’s safety comes first when it comes to prioritizing the list of responsibilities at DHA. Doctors have also expressed gratitude in this regard as they believe that this system will help them understand the case of the patient and will minimize the risk for patient as any reaction of a mistakenly taken medicine will be immediately detected and his complete data will help understand his genetics.

Dubai administration’s resolve to make Dubai one of the best places to live on Earth is certainly proving right and the healthcare facilities along with quality education and magnificent residential facilities help make them the welfare state that they claim to be.

Villas for Rent Reshaping Real Estate in Abu Dhabi

Abu Dhabi is the largest state of the United Arab Emirates and also the richest one as it has the largest reserves of oil in the country. A large number of businessmen come to Abu Dhabi and they choose villas for rent in Abu Dhabi for their living which is most suitable as they can stay in there for a while on rent and the luxurious lifestyle of a villa that suits their class is also a perfect residence. Abu Dhabi also enjoys the status of being the most influential state of the UAE with a right of veto that it shares with the state of Dubai makes it even more powerful. It is the capital of the UAE.

The Abu Dhabi administration has turned this city into a tourists’ destination in the past few years. The reason behind this decision was that the government wanted to base its economy on the tourism instead of oil only for the long term benefits. They realized the tourism potential of this magnificent beach city and thus started to transform it into a tourists’ attraction. Nowadays a large number of tourists come to Abu Dhabi and their favorite destination is also the villas for rent in Abu Dhabi because some tourists come here to enjoy the luxurious lifestyle that this loaded with money state provides.

The Abu Dhabi properties have also seen a boost in the recent years due to this mix of business and tourism as expats come here in numbers now and they normally use rental villas or apartments while there is a large number of those students and working men and women as well who have come here for studies or their jobs. Dozens of international schools and colleges have been attracting students from all parts of the UAE and even abroad to study here while this has proved to be an attraction for the investors as well while the working class rents or buys the apartments or flats and all this mix has really pumped billions in Abu Dhabi properties market.

Abu Dhabi is already the second most attractive market in the UAE but the real estate gurus see it as a potential competition for Dubai and prospects are quite bright that if Abu Dhabi real estate keeps progressing at the same pace, it might leave the Dubai property market behind as well.

Dubai – The Ornamented Arab Bride

Dubai has been the vertex of the world tourism for the past thirty five years now and the Dubai administration has done everything to keep it this way and augment the tourism industry in this cute Arabian bride. In order to do so, they have not just focused on building huge palaces like the kings of the past or only the tall sky-scrappers that portray its king’s grandeur and riches only, they made Dubai attractive by organizing different shows and events and celebrating festivals in here that lure the tourists from around the globe to come and see the magical life that this city offers.

Formula 1 race is held in Dubai which is one of the major attractions in the world today, with Ferraris and BMWs running for the title and the heart-beats going up and down with the cars’ speeds. Dakar rally is held in Dubai and desert is braved by cars and strong men and this race is popular worldwide. Racers from across the world participate in this rally.

Football is the most loved game of the Arabs. If there is one common thing in all the Arabs belonging to all the countries, other than Arabic language, then its football. Tournaments and matches are regularly held in Al-Rashid and Al-Maktoum stadiums of Dubai. Due to the presence of thousands of Indians, Pakistanis, Bengalis, Sri Lankans, Aussies, Englishmen and South Africans in this gulf state, cricket is extremely popular here and that is why different tournaments are held here in the city. Dubai has hosted a number of Pakistan’s cricket matches.

Rugby matches are played here in Dubai while the Aussies and South Africans are simply crazy for this game and they are in big number in this city too. Tennis tournaments are held including the famous Dubai Duty Free Tennis Championships and how can one forget the famous Federer vs. Agassi match played on the world’s highest tennis court on the top floor of Burj-ul-Arab? Golf courses have been set up for the lovers of golf and international tournaments are regularly held. A large number of foreign spectators along with the locals come to watch these games being played here.

One of the most famous events in the world is the Dubai Shopping Festival that is held here every March and April and attracts shopping lovers, tourists and investors from every nook and corner of the Earth. Shops and stalls are set up by multinationals as they know that this event attracts tourists from all parts of the world and it is one of those rare events where people love to buy. Kite Festival is also held in the same season and that brings joy to kids and grown ups alike.

Cinema and Sports industries set up their award ceremonies in Dubai, especially Indian film awards are mostly held in Dubai as it is a tourists’ attraction, a large number of Indians live here, investment doubles if such events are held in Dubai, Dubai already hosts a lot of events so it is always prepared for hosting them, thus they need not to make all the arrangements and also that Dubai is itself an attraction which adds more flavor to such events.

Dubai is a show-case of the Arab world and it has proven worthy of being one in all tests of time. Its events and festivals bring people to Dubai while its gorgeous beaches, mammoth sky-scrappers, exquisite business activities and the appealing night life work as the point of gravity which does not let them leave this city of marvels named as Dubai.

Nakheel’s Battles with Property Owners Continue

Nakheel took another decision in Palm Jumeirah Island that has spread discontentment among the residents. This time it was the pools that were drained by Nakheel over the service charges issues with the owners as Nakheel claims that still an amount of AED 15 million was owed to it by the owners. The most affected of this decision are the tenants who are neither responsible for what owners have done to Nakheel nor are liable to pay them anything in this regard as it is owner’s responsibility to pay such service charges, yet are being deprived of this facility.

This has given seed to new speculations and dissatisfactions among the residents. They think that Nakheel might not allow them to access gyms and elevators also as a next step if service charges are not paid by the owners.

The battle between Nakheel and the property owners has been going on ever since 1300 residents were denied the access to gyms and beaches at Shoreline Apartments six months ago in December, 2011. At that time, Nakheel had claimed that AED 72 million were still not being paid by the owners to Nakheel. The company that has already been facing financial crises was heavily criticized over the decision of denying the residents’ access to these services.

The chairman of Al Habtoor group, Mr. Khalaf Al Habtoor also criticized the decision by saying that if anybody is told after buying a property that he has to pay additional charges for using the beach, he would retaliate. He also believed that the state was innocent of all these issues and such things are only damaging the country’s repute in the international market. He didn’t think that the higher authorities had any idea of the problem and believed that the issue would not be under their notices.

I would Put My Money on Room for Rent in Dubai

Dubai is a destination that has upheld its brand equity for the last twenty years and its real estate has stood firm in all tests of time. For every person who comes to Dubai there are accommodation options and the Room for rent in Dubai is the first choice of almost all the visitors. People come here for business, labor, tourism and studies and all of them have to find some place to live in. Villas or hotels are too expensive to be rented or bought by people belonging to mediocre class and they have this perfect option of renting a room in Dubai.

Dubai is the business hub of the UAE as well as the business center of the entire region. There is not any other city in the Middle East that has so large a percentage of expats living in it. Investment in Dubai is immense and a large number of organizations have set up their regional offices in Dubai. One such example is of the headquarters of ICC that shifted to Dubai from London a few years back. Dubai makes the center of the globe as it is reachable from Australia, England and Africa in almost same span of time and is very next to the South Asia and China which makes it eye-ball of the global economic giants.

This makes Dubai extremely suitable for business and these businesses also generate job opportunities that make the working class to come here to seek jobs. Tourism is the second biggest source of income for this oil-rich country and Dubai makes up around 80% of the tourists that come to the United Arab Emirates. These tourists also look for cheap rentable rooms as they only come to their rooms for sleeping and rental rooms is a perfect accommodation for them too. It is also a good option for the students who come to Dubai as they do not have a lot of money to rent a room in a hotel or buy a flat.

Dubai has been the economic hub as well as the tourists’ love for last two decades and now it is also becoming an educational center as a range of new schools, colleges and universities are being opened in here and certainly all these things combined give Dubai real estate a big boost and make it the most favorable real estate market in the region.

Water Discus Hotel – Dubai Goes Underwater

Dubai has always come up with some fantastic ideas over the years in order to enhance its tourism and business by developing some of the most outstanding structures in the state. The latest of such ideas is the underwater hotel “Water Discus Hotel” that is to be built in Dubai by Drydocks World in cooperation with the Big Invest Consult of Switzerland. This hotel is being designed by Deep Ocean Technology that is a Polish company and will have 21 rooms in total each with a capacity for two persons. This hotel can also rotate and it takes an extra-ordinary mind to imagine such an idea.

Ocean would be viewed from within the rooms and gigantic windows have been erected in order to give a pleasing view of the sea. The rooms will be 10 meters below the surface of the sea. The hotel can also rotate and to add to the attractions of the hotel, underwater diving training will also be given. There is a large disc shaped roof of the hotel as well which is above the sea level where a garden, a terrace, swimming pool and a spa are to allure the visitors into taking a look at its inside.

The hotel will certainly be another attraction among the charms of Dubai along with the world famous Palm Jumeirah islands and Burj Khalifa etc. Tourism, that has been the main focus of the city administration for the last decade or so, will certainly see a boost with this another addition in the marvels of Dubai. Dubai property that has recovered from the recession will further heighten with its induction and all these are good signs for the business community of the state.

The environmentalists are of the view that such hotels are better as compared to the ones built on land because there is no need to cut down the trees, ruin the natural view and make a building that earns for man only after disturbance in the lives of so many creatures.

Dubai has been successful in letting the people around the globe know of the other side of the Islamic world that is modern, dynamic and colorful. And its step to make the state economy base on tourism instead of the oil only is a proof of its administration’s far sightedness. It has been shining on the map of the world for the last thirty years; perhaps they have now decided that it’s time to shine below the surface of the Earth, under the oceans.