DLD discloses the Property Transaction Volume in Dubai this Year

The total amount of monetary transactions during the first nine months of this year that is from January to September is 22.6 billion dollars and this news was broken by one of the most senior officials in Dubai Land Department. According to Sultan Butti bin Merjin who is also the Director General of Dubai Land Department told that around 150 transactions per day were recorded in Dubai during this time period. It was also disclosed by him that the transactions have been mature and that the dealing was a lot more flexible between the buyers and sellers as compared to the past and that according to him was a sign that the investors and the market were showing the signs of maturity.

He went on to say that the first half was relatively better this year as transactions of AED 63 billion were recorded during the phase spanning from January to June however the pace has slowed down a bit in the third quarter. The third quarter showed transactions of around AED 20 billion this year which was some AED 11.5 billion below the average of the first two quarters. He was hopeful about the future as according to him the prices have already begun to rise and the main reason behind this price hike is that the transactions are increasing in the city. These include all sorts of transactions that are selling, renting and mortgaging which can lead us to the derivation that all segments of the society are involved.

Most of the transactions were sale transactions that were about 80% of the total transactions as they were 20,925 out of the total 27,452. AED 43 billion was the volume of the sale transactions and mortgaged properties valued at AED 36.3 billion. Wadi al Safa V was the most desired property during these nine months in terms of land transactions while in apartments transactions, Burj Khalifa topped with 3,305 units sold. In mortgage transactions, Al Barsha South First was the one that got the top slot with 203 transactions while Burj Khalifa had the most number of mortgaged apartment transactions that totaled to 422 apartments.

Dubai Festival City – Another Gem in the Crown

Dubai administration has developed this city as a business hub but has seriously focused on tourism as well and certainly tourism has become a major source of income for the state over the years. It has also hosted a number of events in Dubai in order to attract the tourists to the city and has done it successfully. The cricket and football tournaments that have been conducted here are actually a part of the same strategy that the administration wants to make Dubai a tourists’ spot and one of the major steps it has taken in order to promote its tourism through event hosting is the establishing of Dubai Festival City in Dubai.

This project was launched in 2003 and is set to be completed by 2015 and is going to host mega events in sports, arts and other categories. It is actually a mixed property society where residence, commerce as and entertainment will go side by side. This place is going to consist of residential properties along with a large number of hotels and also the golf course, malls and numerous sites where entertainment will be ensured. It is also going to possess public utility places that are a must for every society where residential apartments or villas are offered such as schools etc.

It is going to be another gem fitted in the crown of Dubai real estate which already has some of the most spectacular sites on Earth that include the magical Burj Khalifa and the highly in demand Arabian ranches which are focus of the world investors at the moment for being the most sought after property projects in the world. The resolve of Dubai government to make this city one of the biggest tourist attractions of the world is pretty much well founded and certain properties in the city are so alluring that even the tourists go to Dubai just to watch these magnificent buildings and massive structures that have caught the eyes of investors throughout the world.

Dubai Healthcare City Adds Value to Dubai Real Estate

Dubai is a place where things have taken new turns and construction and architectural patterns have been changed forever. It has given such fantastic living standards to the people who have opted for this city to be their home that they simply can’t give up on it now. The amenities that Dubai City offers are unmatched throughout the world and that is the reason that it is one of those cities that have the most number of expatriates living in it. Around 83% of the total population of this city belongs to other countries.

The healthcare facilities in this city are undoubtedly one of the best in the world and for this purpose only the Dubai Healthcare City has been set up so that one knows every time he/she has to see a doctor or get treatment for any disease where they have to go. This place has been made as a separate part of the city where the clinics and hospitals have been set up for the public. It includes the hospitals of different diseases, diagnostic centers, clinics of some of the best doctors in the country and also the best atmosphere for the patients so that they can recover quickly.

Dubai administration has already synchronized all its hospitals with each other through the latest technology and now every patient has a record in the central system of the healthcare department of the city and no matter which hospital of the city, the person goes to his previous data can be accessed from there. It was a great step towards the advancement of healthcare facilities in the city because with a centralized system the doctor gets to know immediately by watching the past record of the customer what the problem is.

These amenities have certainly helped the living standards in the city to inflate the demand and desire of the investors to invest in the city and the biggest magnet for investment that this city has got fixed in it for investment is the Dubai real estate which simply has no parallels and certainly is one of the top property markets in the entire world today. The projects like Dubai Healthcare City certainly add to the value of this fantastically developed property bonanza.

Taj Arabia – Something that Indians would Love in Dubai

The latest announcement by the FCW i.e. Falconcity of Wonders to make a model of the great Taj Mahal of India in Dubai has caught the eyes of many Bollywood filmmakers in India. Although the project has just been announced so far and there doesn’t seem to be any way in which it could get completed before 2014 yet the Bollywood producers have already expresses their desire to shoot a movie in this Mini Taj called as the “Taj Arabia”. Bollywood film-makers are known for shooting their movies at spectacular locations in India and outside India to promote their culture and tourism and for them, this comes up as a golden opportunity to do just that.

FCW had promised that it would make the models of all the wonders and famous places of the world in Dubai and Taj Mahal is just one of them. It stands among some of the most special buildings in the world that include The Eiffel Tower, The Leaning tower of Pisa, The Hanging Gardens of Babylon, The Great Wall of China and also The Pyramids of Egypt. This time they Falconcity administration has decided to look towards the Indian subcontinent and what other than the magical structure of Taj Mahal could be more beautiful to reach there.

The Moghul architecture is one of the acknowledged pieces of arts in the world and certainly is a distinguished one with mesmerizing structures like Delhi’s Red Fort, Lahore Fort (Pakistan), Badshahi Mosque (Lahore, Pakistan), Sultan Iltumish’s tomb in Delhi, Jamia Mosque Delhi and scores of tombs of the great kings and queens, magnificent gardens and spectacular mosques while Taj Mahal can simply be called as the epicenter of this marvelous streak. This certainly is something that should be there in that top league.

Falconcity, which is a part of Dubailand entertainment complex, will have shopping malls, commercial and residential plots, living apartments and commercial studios along with the restaurants, hotels, spas and health clubs. While in the Taj Arabia it will most probably be of Indian style depicting their rich history and culture and the film-makers from India would surely love to be there along with their cameras and crew.

Dubai – A Place Where Wonders Look Normal

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The biggest boost that the Dubai economy has got during the past years is Dubai properties. Though the Dubai administration has mainly focused on business and tourism but the industry that initially developed as a side effect almost took the lead during the last decade when some of the greatest realty projects on Earth were established in the Dubai city. These projects were taken up by the Dubai administration after realizing the potential of this industry as a major share holder in the Dubai economy and as a result the focus of the world investors drastically shifted towards the Dubai real estate.

Although it always was one of the best potential industries in the country to become a pillar of the Dubai’s overall wealth but the administration was mainly focused on providing the people with the business opportunities in the city to bring in more and more investment in the state. As a result hundreds of thousands of expatriates from the neighboring as well as far off countries flocked to Dubai to make it one of the biggest centers of expatriate citizens in the world. Most of them had come here to find jobs and earn a respectable living for themselves and their families and generally they lived in apartments for rent in Dubai.

Today, Dubai real estate has become one of the leading real estate industries in the world and the most unique of the property projects have been launched in this city. Burj Khalifa that is the tallest building in the world stands tall among all the biggest buildings in the world while The Palm Jumeirah Islands and the magnificent Dubai Marina stand out as the most unique of the property projects on the face of the globe while the biggest of its kind in the world Dubai Mall is one place where almost everything can be acquired from. Dubai is undoubtedly a place to be recognized for its beauty and at the same time it has been earning big bucks for the investors that have been pouring their money into the city and digging out big profits.