Bullet-Point Property: Dubai No. 48

And now Dubai is "The most active city in the world".

Everyone here is talking about the Dubai Fitness Challenge, and the countdown is now on. Citizens, residents and tourists are encouraged to engage in physical fitness activity by HH Sheikh Hamdan who is asking everyone to commit to 30 minutes of daily exercise, for just 30 days, starting Friday 20th October. 

If I can do it then so can you, if here in Dubai over the next few weeks, please join me in signing up to the challenge, let's compare notes and stories of our injuries.

Back to property and this is what we have been talking about in the last week:-

• MY PROPERTY OF THE MONTH is Wilton Terraces, launch prices have now been released for their one and two bedroom apartments, and they are better than expected. These "affordable luxury" apartments are a perfect "Buy to Let" investment and I'm confident that they will sell very fast so if you are close to investing in Dubai; I recommend that you consider these apartments before you make your final decision. The project is a great example of the best that Dubai has to offer for location, quality, design, payment plan, price, developer and delivery. One bed starts at AED 989k and two beds at AED 1.4m

• There are a few remaining one beds in Eaton Place which start as low as AED 808k, construction is well underway and is on target to complete before the end of next year. I am confident that rental yields on these apartments will be close to 10% per year. The same developer has released their final inventory at Belgravia 3 with similar prices and completion at the end of 2019.

• Damac has grabbed the headlines with their Just Cavalli branded townhouses in Akoya Oxygen that start at AED 1.3m but have you seen the more spacious three and four-bed contemporary designed Arabella townhouses in the popular ex-pat community of Mudon, a few km up the road from the Burj al Arab and across from Arabian Ranches. They are releasing more inventory in the next few days with a payment plan of 5% on booking, 35% spread over three years of construction and 60% on handover in Q4, 2020. Prices will start at AED 1.337m for the 3-bed middle and AED 1.71m for the 4-bed semi-detached. Great value and plenty of room for growth between now and delivery.

• One bedroom apartments on the Sky View Levels at Golf Vita Residenceswill be launched shortly at AED 576k, pay 24% now followed by 1% per month for 30 months and 50% on completion. Sounds like good value,? Let's discuss as the smallest apartment is 434 sq. ft.

• MAG 5 Boulevard in Dubai South has just released some studios starting at AED 380,000 on a 50/50 payment plan; these will provide investors with a good yield and will be some of the first properties to complete in the area.

• It has been a long while since we've seen any new buildings in Jumeirah Lake Towers (JLT) when the community launched back in the day, we considered it to be the poor relative of Dubai Marina. However, today it holds its own with renters and buyers and has become a very popular area amongst young upwardly mobile professionals and savvy investors.  MAG MBL is the newest on the market and located with water on three sides and views across the SZR to the Marina and the sea. Decent sized one beds for AED 1m and large two beds at AED 1.7m.

• Emaar is adding another Vida branded residential tower to their portfolio and this one is in Za'abeel, one of the most affluent areas of Dubai and home to the Ruler's Palace. The majority of surrounding properties are villas so the one, two and three bedroom apartments will have some amazing views whichever the floor or side of the building that they are on.

Looking for more information? Ask Steven and keep informed about what is happening in the Dubai property market. You ask, we answer.

For a more detailed discussion or to meet me in Dubai, please call or email and I will be sure to respond as soon possible.