Bullet-Point Property: Dubai No. 92

Eid Mubarak. 

Public sector employees in the UAE are set to enjoy a week-long break for Eid Al Adha, starting from today through to Thursday, August 23, so nine days off when combined with the weekends.

Everyone should be back to work next Sunday, then the schools will reopen aweek later, the traffic will be back to normal, the summer will end, and business will return to full momentum.

Have you thought about setting up a business in the UAE?  

The second edition of 'Doing Business in the UAE Guide,’ a handbook covering basic information about the country and how to start your business in the area, was recently launched in London with the support of the Ministry of Economy and in partnership with the Institute of Export & International Trade. Read more and download your copy here

This week’s property discussions have included

• Emaar's 25/75 five years post-handover payment plan for properties in Downtown has been extended to cover three more buildings, so we now have Boulevard Crescent, Boulevard Heights, Forte, Act One Act Two and Vida Dubai Mall. The offer is due to end on 31st August. Pay 25% over the next 12 months then nothing until completion with the remaining 75% due in 15 x 5% every four months including a 4% DLD Waiver and three years’ service charge waiver. One bed from AED 1.7m to AED 2.5m, two beds from AED 2.9m to 4.9m and three beds from AED 3.5m to 6.9m. 

• The Emaar Summer offer of a 50/50 three years post-handover payment on almost all their other properties also ends on 31st August however rumour has it that they also include a 1% reimbursement on all bookings during Eid al Adha. There are some excellent properties included in this offer for both investors and end users, email me for more information, and the deals make them a little sweeter

• Ellington’s summer offer is also due to end on 31st August. The offer includes a 2% price reduction combined with a flexible 40/60 payment plan on some of the best buildings for investors and end-users in all of Dubai. Their Wilton Terraces I and II in Meydan has one and two bedroom apartments ranging from under AED 1m to AED 1.5m which makes them excellent "Buy to Let" investments.  Belgravia Heights in JVC has studios, one and two beds ranging in price from AED 534k to AED 1.197m where you can expect net yields of at least 8% per year. Finally, the stunning and very special DT1 in Downtown has large contemporary and high-qualityapartments ranging from AED 1.3m to AED 4.78m.

• Damac who has been unusually quiet with their new launches this year just recently announced a tie-up with Radisson Hotels in a building within Damac Hills; this is the community that was previously named Akoya (Not to be confused with Akoya Oxygen) and is infamous for having an 18 hole golf course at his centre that is home to the Trump International Golf Club. They have a guaranteed fixed return of 6% NET for the first three years, including 14 nights free stay. Rooms start at AED 825,300, and the handover is in 2019 See the brochure here

• District One in Meydan, home to the annual Dubai World Cup, was originally an exclusive villa and mansion community built around a massive man-made crystal lagoon that needed to be seen to be believed. The starting prices for the villas is around AED 9m and the Mansions go all the way up to AED 85m, however, now they have apartment buildings directly on the lake with one beds starting at AED 1.2m and two beds at AED 1.9m See the brochure here

View some of our sales and rental properties online
 

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