PropertyePortal

12 Cheapest Places To Rent A Flat In Dubai Revealed Latest data show specific locations that offer most budget-friendly options Dubai: Finding an apartment to rent in a city known for high cost of living isn’t an easy task. This is especially true if the monthly income is very tight. But the good news is that rents are still on a decline and the budget-conscious who knows where to look for great deals and how to negotiate, can always find diamonds in the rough. According to property experts , now is “the best time ever” to be a tenant in the UAE, as more landlords are looking to fill their flats as soon as possible, and they’re attracting tenants with not only lower prices, but rent-free periods, multiple cheque payments and other incentives as well. “Landlords have never been so flexible with prices, rent-free periods, payment terms and other incentives to attract tenants,” said analysts at Property Finder Group. In fact, they said,asking prices have d...

For Expats, Dubai has been a sought after investment destination when it comes to real estate. These are the top freehold communities in 2019 to make your investment decision easier. Best freehold areas for apartments in Dubai ·        Dubai Marina -  Dubai Marina has been a go-to area for foreign investors. One of the most popular areas in Dubai, Dubai Marina is one such district that has everything. It is famous for its luxury yachts and for being within walking distance of almost every district’s apartments block. It’s nightlife options complimented with best restaurants have made it a go-to spot for many in Dubai. You can buy studios from 490k in marina and if you’re in the mood to spend, there’s also a 50M penthouse listed for sale. ·        Downtown – Whoever has been in Dubai for a few days, invariably has been to Downtown Dubai. Such is the aura of Downtown Dubai with attractions including the world’s talle...

Great Ideas: Patios That Use Mixed Materials Mix up Materials Where do great patio design ideas come from? You might see patio designs on TV or get garden design ideas from a garden tour. Outdoor patios can be attached to a house or detached. They are often designed and oriented to the landscape. Patios are versatile: they can take on any shape and be built with various materials, like concrete, pavers, stone, tile, brick or gravel. Most patios are set on a concrete slab or a sand and pebble base. Once you’ve decided to build a patio and chosen a site, there are other design considerations: Space:  Available space will determine your patio’s size. Shapes:  Squares, rectangles, ovals. Levels:  Multidimensional surfaces work well with slopes and uneven levels. Drainage:  Working with existing runoff systems or determining the best place to build one. Grading:  Deals with soil redistribution for a flat, even patio base. Privacy Scree...

The 7 Best Cactus Prints Of 2019 Here are 7 Best Cactus Prints of 2019 1.Best Hand-Painted: Pier 1 Desert Cactus Wall Art This Pier 1 Desert Cactus Wall Art is the perfect high-end piece for your home, without the high-end price tag. Featuring hand-painted San Pedro cacti, this picture measures 47.45 by 31.5 inches. It’s painted on a cotton canvas​ and comes with an attached D ring, so it’s ready to be hung on your wall. We absolutely love the pale pink tones mixed with the rich greens of the cacti, and it’s sure to become a statement piece in your home. If you want a beautiful hand-painted cactus piece, this Pier 1 artwork is a wonderful choice for the price. Bring the beauty of the Andes into your home, even if you’re hundreds of miles away 2.Best Watercolor: Arts by Theo Set of 3 Watercolor Prints There’s just something about a watercolor that immediately evokes a sense calm. This set of watercolor cacti prints from Arts by Theo is no exception. The set of thre...

Acc. to a recent announcement by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, the Dubai government has identified more than thousands of foreign investors and residents for the new “Golden Card” scheme. What is the Golden Card Scheme? The golden card scheme has been announced to reward certain investors and talented individuals in the UAE by offering them permanent residency in the UAE. It will be applied to exceptional professionals in areas including medicine, engineering and science. The first batch of permanent residence visas will be given to 6800 investors whose combined investments total more than Dhs 100 billion. Why this scheme? Going by what Sheikh Mohammed said the permanent residency visa’s introduction is meant for attracting more foreign investment in the UAE and alongside give encouragement to entrepreneurship. Sheikh Mohammed spoke more about his thoughts to his millions of followers on twitte...

Now, Buy Or Rent Properties In Dubai On More Flexible Terms Record 41,000 residential units are expected to come online this year. The residents will be able to buy or rent properties on more flexible terms and conditions as record 41,000 residential units are expected to come online this year due to higher materialization rate of projects ahead of Expo 2020. Latest data issued by  Property Finder Group  indicates that the up-and-coming communities in Dubai are likely to see more homes completed this year while the established neighbourhoods will see only a few additions to their inventory. The leading real estate portal in the Middle East and North Africa (Mena) said 30 per cent of the 41,000 residential units under construction in Dubai this year are 96 per cent to 99 per cent complete with Jumeirah Village Circle is expected to deliver 3,400 homes, the highest in Dubai. Over 28,000 homes were handed over in Dubai in 2018, which has been more than the number of units...

Emaar Says Dubai Villa Sales Jump 90% To $2.1bn Villas remain popular with home buyers as Dubai prices, rents fall by as much as a third since peaking in 2014. Villa sales jumped 90 percent last year, the biggest increase across its property segments, according to a breakdown of the 2018 earnings originally released by Emaar last month. Dubai’s property market’s woes aren’t denting appetite for villas just yet. Emaar Properties  said on Thursday revenue from villa sales jumped 90 percent last year to AED7.84 billion ($2.13 billion), the biggest increase across its property segments, according to a breakdown of the 2018 earnings originally released last month. Home prices and rents have dropped by as much as a third since peaking in 2014 in Dubai, as the Middle East’s financial and commerce hub struggles with an economic slowdown. The Real Estate & Construction Index on Dubai’s stock market fell 39 percent last year, its lowest level since the global financial crisis i...

Look: One Of UAE’s Tallest Towers Rising In Dubai, To Open In 2020 Super-tall structure to have 2 infinity pools that will be among world’s highest Dubai: Dubai will add another super-tall tower to its growing list of record-breaking landmarks and it is due to open very soon. Now more than 60 per cent complete, the 75-storey tower in the Downtown Dubai district will have 254 hotel rooms, 371 flats and 321 hotel apartments, and it will be one of the tallest hotels and residences in the region. It will have two infinity pools situated atop the tower, offering 360-degree views of Dubai, including the world’s tallest building, Burj Khalifa. These pools are slated to be the highest not just in Dubai, but also globally. Details about the project, as well as the updates of its construction, were disclosed this week by New York-based hospitality firm SBE. The company said the tower is scheduled to open in the third quarter of 2020. SBE has secured a partnership with World of W...

Dream Of A Home In The Burj Khalifa? It Is Not That Hard, Say Analysts Properties in the world’s tallest tower present excellent opportunities for investors. Owning a dream home in the iconic Burj Khalifa is much more accessible to more people now. According to Knight Frank, the average price per square foot in the  Burj Khalifa  was Dh2,301 ($626), a great entry point for investors around the world looking to invest in luxury property. The Burj Khalifa is not just any skyscraper, it is pushing the boundaries of architecture representing pioneering innovation and illustrates the pride of Dubai. “Since 2014, prices have softened across the market, as a result Dubai compared to other global cities, offers relative affordability,” said Taimur Khan, Knight Frank’s head of research in the Middle East. “For global investors looking to broaden their property portfolio, Dubai is certainly becoming a consideration given this relative affordability, quality of product and D...

How To Deep Clean Kitchen Cabinets With the amount of use our kitchens get, there are some obvious places that need to be cleaned frequently. But our kitchen cabinets sit off to the side quietly collecting dirt, dust, splatters, grease and other residues. Over time, this mixture sticks to cabinet surfaces like a tacky glue that can be difficult to remove. The key to cleaning your kitchen cabinets is simple  regular maintenance . What You Need Supplies Cleaning cloths Dish soap Specialty cabinet cleaner or cleaner with orange oil Optional: all-purpose cleaner Optional: vacuum cleaner Regular Cleaning: Exterior Most cabinet types, including metal, plastic laminate, painted wood, and vinyl cabinets, can be cleaned with a solution of liquid dish soap and warm water. This simple and mild solution is enough to get food smudges, dust, and mild grease build-up off of your cabinets. Dish soap works as a degreaser and can even remove some tough buildup...

Dubai Off-Plan Property Deals Account Over Half Of 2019 Transactions Off-plan properties accounted for 55 percent of Dubai market transactions in the first 2 months of 2019 while secondary market deals made up the remaining 45 percent, according to Property Finder research. According to Property Finder, the findings – which vastly differ from earlier cycles in which off-plan sales dominated – suggests that Dubai is no longer a purely investor-driven market. In terms of volume, 3,069 off-plan homes exchanged hands while 2,463 secondary market deals were clinched in January and February 2019, the research shows. Robust activity in the secondary market denotes that end-users are still active and purchasing homes in Dubai. Payment plans Developers are increasingly devising unique payment plans to attract this target clientele and clear the majority of stock in their inventory. The statistics also show that, compared to the first two months of 2018, off-plan property transactions ...

Dubai’s Emaar Partners With Elie Saab For New Beachfront Property Elie Saab was also presented with a star in Emaar new’s walk of fame ‘Dubai Stars’ Dubai developer  Emaar  has partnered with fashion designer Elie Saab for a new residential development, ELIE SAAB at Emaar Beachfront. The tower will offer one-three bedroom apartments as well as four-bedroom penthouses with interiors by Elie Saab. Designed after the 1930 Art Deco era, the tower will feature boutique fashion stores, galleries and cafes in the ground floor, a statement said. The height of the tower was not revealed. Amenities include a terraced and landscaped pool deck located at the 8th level, as well as an infinity edge swimming pool facing the Palm, gym and recreational facilities. During the event Elie Saab was also presented with a star in Emaar new’s walk of fame ‘Dubai Stars’, which will recognise global celebrities and influencers in Downtown Dubai. Emaar chairman Mohamed Alabbar said: “Through...

How Dubai Can Solve Its Affordable Housing Dilemma Senior advisor to the Dubai’s Real Estate Regulatory Agency urges inclusionary zoning, land subsidies and tax breaks El Burai noted that a lack of affordable housing in Dubai is a key barrier to the city achieving its sustainable development objectives and happiness agenda. Dubai needs to put housing at the centre of land use plans and provide incentives to developers, such as inclusionary zoning, land subsidies and tax breaks, to boost affordable supply, according to a senior advisor to the emirate’s Real Estate Regulatory Agency (RERA). In an article written for the World Economic Forum,  Mahmoud Hesham El Burai , aso chairman of the Middle East Sustainable Development Institute, said the city needs to reconsider its supply-led demand approach, which focuses on attracting international buyers, who are mainly speculators. El Burai said currently the private sector does not have the tools or interest to develop affordab...

Buying Property With Post-Handover Payment Plan In UAE? What Overseas Buyers Need To Know While generous post-handover payment plans of up to ten years from real estate developers have provided an important resource for many residents who had been priced out of Dubai’s property market, these schemes have also opened an avenue for overseas buyers to consider investing in Dubai real estate. “The post-handover plans are best suited for both end users and overseas investors as the buyers don’t have to put all the money at once, which gives them the leverage to buy a bigger property as the payment is spread for a few years,” says Riyaz Merchant, CEO of Realty Force. With property prices at their most affordable, combined with sweet deals from developers, it is definitely the best time to consider property investment options in Dubai. “For the investor, a post-handover plan becomes a compulsory saving, as part of the rent is used to cover the purchase price,” says Merchant. “So the buy...

Villa Sales Prices Declined In Dubai In March Villa sales prices in Dubai declined in March, according to a new Dubai House Price Index published by Cavendish Maxwell. According to the statistics, the average annual house price in Dubai fell by 12 percent in March. Some communities – including Arabian Ranches, Dubai Sports City, Dubai Silicon Oasis and Jumeirah Islands – were found to have registered price declines of more than 12 percent. Month-on-month, the price decline for March was 1.7 percent compared to 1.8 percent in February. House prices in the first three months up to March were 5.1 percent lower than in the previous quarter. Overall, the average house price in Dubai decreased to under AED 2.6 million. Additionally, while the rate of off-plan apartment transfer was found to remain high, the total volume of residential transactions in Q1 was 3 percent lower than the same period in 2018. At the same time, the volume of apartment transfers over Q1 2019 fell almost 14 ...

Dubai’s Economic Growth Will Accelerate In 2019 And 2020 Government initiatives continue to support economic expansion in the emirate Dubai’s economic growth will accelerate in 2019 and 2020, with tourism, logistics, transport, wholesale and retail sectors replacing the real estate as main growth driver next year, official data showed. Data released by Dubai Economy on Sunday showed that Dubai’s GDP grew 1.94 per cent last year but it will pick up to 2.1 per cent this year and 3.8 per cent next year before easing to 2.8 per cent in 2021. The emirate’s economy will continue to rely on real estate as its main growth driver at 3.65 per cent for 2019 followed by 3.1 per cent for logistics and transport; 2.8 per cent growth in tourism; 2.4 per cent in financial services and 1.9 per cent in wholesale and retail trade. But as tourists will flock into the emirate next year for Expo 2020, tourism sector will overtake real estate to become a top growth driver of the economy followed by l...