Archive for the ‘Real Estate’ Category

Dubai-Jumeirah Lake Towers

Sunday, October 12th, 2008

Dubai real estate is one of the most lucrative property markets in the world. Buying real estate in Dubai’s Jumeirah Lake Towers (JLT) community is a good option to consider.
About Jumeirah Lake Towers (JLT)

A dynamic blend of residences, retail outlets, and offices, Jumeirah Lake Towers (JLT) is the next generation of real estate Dubai. Located just off Sheikh Zayed Road between interchanges 5 and 6, Jumeirah Lake Towers consists of 69 unique towers grouped together into 23 clusters. With a 55-storey central hotel tower, the community offers sheer beauty in the name of manicured gardens all around. (more…)

Real Estate Boom in Dubai

Tuesday, July 22nd, 2008

Dubai Palm IslandThe growth of the Real Estate market in Dubai is protected from whatever fluctuations taking place in oil prices based on short and medium term. In fact, it is estimated that higher prices will only spur on the growth to higher speeds. The value of some of the Real Estate projects in GCC, Iran, and Iraq has already crossed $750 billion. Nearly 33% of this is concentrated in the United Arab Emirates with Dubai contributing the maximum. This figure is higher than the combined GDP in the same region, which is lower than $700 billion. According to expert estimates this trend will continue despite the fact that the oil prices are expected to fall in the short and medium term.

One key thing to note is that so far the growth of Dubai has been consistently defying all analysts. Since the past 5 years all sorts of experts have been saying that it is about time the Real Estate market in Dubai stopped being so profitable but so far the bubble has not burst. Though such growth has never been sustainable before no one is able to explain why it continues to thrive in Dubai. The GCC has the 17th largest economy in the world comprising of 500,000 high income earners and a GDP of $525 billion. The total ½ trillion dollar economy creates more than $500 billion in revenue that is used for investment. This volume is believed to boost the Real Estate and construction sector in Dubai.

With a growth rate of 25% per year the UAE GDP is expected to reach anywhere from Dh 500-900 billion by the year 2010. The UAE has already surpassed Egypt as the 2nd largest economy in the Arab countries. It is now second to Saudi Arabia which is going through its own explosive growth period. The projects in UAE total at around $225 billion with Dubai holding nearly $125 billion. (more…)

Emaar Bawadi launches Teema

Friday, July 4th, 2008

Emaar Bawadi, the joint venture between Emaar Properties and Bawadi, a member of Tatweer, has launched Teema, the first residential community in Asmaran, the 70 million sqft master-planned project being developed within the Dh200bn hospitality project Bawadi.

Teema will have 308 town houses and will be by a retail facility and a community centre. Sales will begin from May 20, just seven months into announcing the multi-billion joint venture. The residential community will have pedestrian areas and master-planned infrastructure apart from a retail centre, mosque and school.

Within its development, Teema will have green landscape and walkways, in close access to several community amenities. Teema homes comprise a mix of duplexes and two- and three- bedroom villas. The homes have all been fitted with elegant Spanish architectural features with the apartments having a built-area in the region 1,780 to 2,800 sqft. Construction on the project will begin shortly.

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