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

-->

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.

Apartments in Dubai have Made Life Easier

Dubai was one of the first cities in the Middle East that went for a renaissance in the last quarter of the previous century. Although oil had been found in a number of countries in the Arab world and almost all of them focused on their oil export for the improvement of the economy but Dubai planned for the future and focused on business and tourism opportunities in their state for long term benefits. People from all parts of the world were welcomed to the city to work at different projects and this sudden rise in the expatriate population of the city gave boost to Dubai rentals as well and thus the real estate business began to see new heights in the state.

Apartments on rent in Dubai have always been the top priority of expats and the reason behind it is that these rental apartments in Dubai are really of great utility for them. They are available at affordable prices in all parts of the city so they are in reach of the working class. The best amenity that these apartments provide for them is that they are present in all parts of the city and tat is why the working class prefers to live in there. They are easily available close to their workplaces so it saves both time and fatigue. The living conditions are also excellent in all parts of the city and their hardly is a problem with any of the societies in the city.

The Dubai administration has been trying all it can to improve the living conditions of the residents and to develop an interest of the investors from various parts of the world to come here and invest in the real estate sector because this sector has seen more progress during the past decade or so than any other sector of the economy. The investors, too, have been extremely confident about the investment in the city because they have seen the performance of the state and all its organs which are extremely business friendly. Dubai properties were the last of the sectors focused by the investors in Dubai but in a very short span of time it has literally taken the economy over in the city which is a good sign for the real estate markets throughout the world.

Dubai Real Estate – A Vital Hand of Dubai Economy

Dubai properties have certainly seen a major hype during the last one and a half year after the end of the worldwide recession era. It was a hard era for the world but Dubai was one of the first cities on the face of the globe that were able to shed the symptoms of recession from their backs. It was the resilience of this city that made it go through all the troubling times and today the Dubai real estate business is again rising to the top just it did before. It is a fact that Dubai ranks among the top few cities in the world in terms of real estate business and the Dubai administration has shown complete faith in their decisions.

The expatriates in Dubai also displayed complete faith in the ability of the Dubai City and the state also showed equal support for the businesses in all this era. As a result, since the late 2010, Dubai real estate began to rise and continues to rise as a burly business segment in the economic mix of the city. The Dubai properties prices have restored the belief of the critics in the ability of the city to bounce back in crucial times. The revival of economic activities in the city has also been helpful in bringing more expatriates to the city tan before.

A wide range of multinational organizations have opened their regional headquarters in Dubai and it is just a reconfirmation of the fact that the Dubai still is the favorite place for the business activities. Tourism industry has just taken the Dubai real estate and the overall economy to yet another height as it brings thousands of people from across the planet to Dubai every year and the magnificent hotels and restaurants and fantastic recreational places certainly allure the fun lovers to visit the city. Rent in Dubai has also seen a positive trend during the past few months due to this very reason as the people coming here generally rent properties for the time being and the students and job seekers who come here have also boosted this industry.

It can be safely said that the Dubai properties will continue to show this elevation in the coming months and years and the day is not far off when the prices will go even higher than the past. The reason why real estate experts predict this is that they can now see no new negative developments coming Dubai’s way that might hurt Dubai economy. The wars in the region are about to be over and the new trade agreements with the gulf cities as well as the far east countries will certainly help the UAE to see yet another high mountain in the graph of their economic conditions.