Archive for the ‘Area Insights’ Category

Dubai real estate market set for rebound by end 2011.

Tuesday, January 18th, 2011
The Palm Jumeirah Shoreline Apartments

The state of the Dubai property market has a much healthier outlook for 2011 according to leading property portal Just Property Dubai. The sharp decline in Dubai apartments and Dubai villas prices in 2009 and 2010 has somewhat abated and in certain areas of Dubai prices of villas for sale (such as the popular Palm Jumeirah development) are on the increase.

Whilst there are signs that apartment prices in areas like the oversupplied Dubai Marina are still set for a slight price drop in the first half of 2011, the overall outlook for the rest of the year looks positive. Sales activity on the Dubai property portal www.justpropertydubai.com is already starting to pick up as investors are slowly but steadily making their way back to the Dubai real estate market and dipping their toes into the much clearer Dubai property waters.

Take for example some of the exceptional deals on offer at the Greens Dubai on Just Property Dubai. A top end luxury 1-bed apartment in the Links Tower with Emirates Golf Course view (currently advertised on the Just Property Dubai portal) can now be purchased for AED 650,000 with the prospect of an immediate AED 65,000 (10%) yield from a long term rental booking. A rental yield of 10% is almost unheard of at present in established real estate markets such as Western Europe, and this certainly signals that the Dubai property market in 2011 has a much stronger outlook than some may have believed.

There are other positive signals that Dubai apartments and villas for sale are on the up. The wider Dubai economy has had some positive news over the past months most notably from state-owned Dubai World who recently confirmed the successful restructuring of the majority of its debts and that work on key Dubai real estate projects such as Jumeirah Park and Al Furjan was to re-start imminently.

Whilst the Dubai property market still has some way to go before it is fully back on a firm footing, 2011 certainly has a more positive outlook for Dubai apartments and Dubai villas for sale.

Just Property Dubai is Dubai’s leading property sales portal and sister portal to market leading rentals portal Just Rentals Dubai. Search the Just Property and Just Rentals portal for Dubai property for rent and Dubai real estate for sale across all popular areas of Dubai from Dubai’s leading real estate agents. Visit www.justpropertydubai.com and www.justrentalsdubai.com for further information and to start your Dubai property search.

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Dubai property developer Nakheel restarts work at Al Furjan

Saturday, November 13th, 2010

Nakheel, the property arm of  Dubai World, confirmed yesterday that work has recommenced on 523 luxury villas and terraced homes in the Al Furjan development in Dubai.

The company has also confirmed that work has re-started on over 500 homes in the Jumeirah Park development. Both the Al Furjan and Jumeirah Park villas are scheduled to be delivered in the second quarter of 2012.

The Palm Jumeirah – Nakheel’s flagship development – has also seen some new activity over the past few weeks with site preparation work almost complete on the Golden Mile Gardens (a mile long stretch of gardens and walkways connecting the Shoreline apartments and the Golden Mile buildings on the trunk of the Palm island.

This is promising news for the Dubai real estate market and will provide a much needed boost in market confidence as many believe Nakheel is key to the success of the Dubai property industry.

Just Property Dubai – Dubai’s real estate portal
Your number one community for Dubai property listings, news, information and discussions.

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Dubai Palm Island – The 8th wonder of the world

Saturday, March 13th, 2010

Just Rentals Dubai – Location In Focus

The Palm Island Dubai ? officially named the Palm Jumeirah ? needs little introduction. It is famous the world over as Dubai?s flagship property development, home to the rich and famous, home to the Atlantis Hotel and home to some of the most desirable residential buildings in the world!

A massive feat of engineering, the Palm Island is a man-made island in the shape of a Palm tree stretching out some 5 kilometres into the Arabia Gulf. It has been open to residents now for almost 3 years and a lot of changes have taken place since the first lucky residents on this amazing island moved in.

Just Rentals Dubai caught up with some recent tenants who had moved onto the Palm Island having found their dream rental property through the Just Rentals Dubai portal.

Conrad Robert ? originally from the UK – recently rented a 1-bed in the Palm Jumeirah Shoreline Apartments through one of the Just Rentals Dubai registered Agents and is already enjoying the Palm life to the full. ?I love the private beaches and amenities available on my doorstep? he said. ?So many things have opened up recently; I hardly feel I have to leave the Palm. The community feeling is also very good and it?s a great place to come home to after a long day at work. My favourite thing is to hit the gym and pool as often as possible to unwind in the evenings.?

Other popular developments along the Palm Island trunk are the Tiara Residences Dubai ? which have been open now for a good few months ? along with the Palm Golden Mile. Both developments offer luxury living in top-of-the-range apartments. The Golden Mile offers large and spacious apartments finished to a very high standard, whilst the Tiara Residences offer a very impressive resort-style living experience with a huge infinity pool and private beach.

Recent additions to the Palm Jumeirah trunk are more convenience mini-markets along the Shoreline apartments, Costa Coffee outlets, Milk and Honey boutique supermarket, Chocolate Gents Salon, interior designer shops, a photo studio and a florists called Bliss.

There are also a number of restaurants and bars open to residents and the wider public. So far the list includes an up-market Indian restaurant ? Veda Pavilion ? an Aussie themed bar Bidi Bondi, a South American beach club Cabana, a fine-dining restaurant Barca Club and Gusto a world cuisine restaurant and bar.

Of course, in addition to the above bars and restaurants along the Palm Trunk, there is also the plethora of restaurants and bars available at the world famous Atlantis Resort. These include the popular beach club and bar Nasimi, the Sanctuary night-club (which welcomed Kylie Minogue and a number of other Hollywood stars on opening night!), Rostang French Brasserie and Nobu’s.

With more hotels and new residential developments opening in 2010 (including Oceana Residences, the Fairmont Residences, the Palm Jumeirah Marina Residences, and the Emerald Residences on the Palm Crescent), the iconic Palm Island is really starting to take shape and as such this location still remains the most popular place for rental apartments and rental villas in Dubai.

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