Bullet-Point Property: Dubai No. 63
There are less than 1,000 days to go until EXPO 2020 in Dubai and the international marketing campaign was launched this week.
EXPO 2020 Dubai will run for six months from 20 October 2020 to 10 April 2021and is expected to receive 25 million visits, with 70 percent due to come from outside the UAE - the largest proportion in the history of World Expos.
More than 180 countries are expected to participate.
Take a look at the official website here to learn more about EXPO 2020 and to understand more about the legacy visit here
This week’s meetings and discussions have included the following:-
- It's been 15 years since we started selling property in Dubai Marina and I am certain if it were built today then the master developer would have created a very different looking community. We now have a very broad range of quality and prices, so its refreshing to see a high-quality project launch this month which is located on one of the last remaining waterfront plots offering expansive views of the Marina and selling for below market value. See the brochure here. Construction is well underway and it's due tohandover mid-2019. Studios start from AED 850k, one beds at AED 1.19m, two beds at under AED 2m and three beds at under AED 3m all on a mortgage friendly payment plan of 40/60. I haven't been this confident about the success of a marina project since the launch of Studio One and Marina Gate.
- Dubai Hills is top of my list when recommending a quality villa andtownhouse community, and I am sure that once completed it will be the most in-demand location for ex-pat families looking to buy or rent. There are homes to suit most budgets, and this week we saw the launch of some very beautiful homes on the golf course, now these range in price from AED 6m to AED 16m so they are at the top end, but they compare very favourably with similar sized luxury homes to be found in other gated golfing communities elsewhere in Dubai which is why I am recommending them as an excellent investment.
- Elsewhere in Dubai Hills, the developers are offering a post-handover payment plan on their Park Ridge apartments, pay 50% in instalments during construction, 10% on completion and 4 x 10% every six months post-handover – a typical one bed can be found at AED 880k and a two bed at under AED 1.4m, three beds circa AED 2.3m
- I have seen a notable increase in enquiries from overseas clients who are considering a holiday home in Dubai. Typically, they are regular visitors to the city who are looking to buy a place of their own to avoid paying for hotels, have somewhere that the family can stay and from which they can receive an income when not in use. I am always happy to share my opinions on this investment strategy but the big question is who is going to look after it when they are not in residence? See the following article for more information
This week's featured listings are:-
10,500 sq. ft. Villa on a European Tour golf course
A low priced furnished studio - keys are ready
One bed in the fastest growing community
A brilliant off-plan buy to let investment in JVC - Two bed ready this year
A ready-made "buy to let" (tenanted) in one of my favourite projects
Some of our other properties for sale.
Thank you for reading this far and I hope to see you very soon
All the best