Average house prices in the Dubai real estate market are likely to fall by another 10 per cent this year with no sign of improvement on the immediate horizon, according to the ratings agency Standard & Poor’s.
The agency, which rates bonds issued by three UAE developers – Emaar Properties, Damac Properties and Aldar Properties – said that the historically low price of oil and the strong dollar would continue to push property prices down in Dubai throughout the year, while prices in Abu Dhabi will start to follow suit.
In a note published this month, S&P said[...]
Emaar is all set to open its first new Address hotel in six years at the end of 2016, a real boon to Dubai real estate in the Downtown area.
The hotel will be housed on the lower floors of a new, 72-storey Downtown Dubai tower linked to The Dubai Mall. New general manager Pascal Dupuis said it is expected to open this year.
“We’re aiming for the last quarter,” said Mr Dupuis, who has more than 25 years of experience in hospitality and who has worked in Dubai for two years, managing both The Address Montgomery and more recently The Address Dubai Marina hotel for Emaar Properties.
“Most of the MEP[...]
Future interchange providing full movement on SZR is currently in RTA’s 2020 plans
Residents living in the luxury rent a villa in Dubai area Al Barari and neighbouring areas have raised concern over the increasing number of motorists who drive in the opposite direction to enter the community from the direction of Shaikh Mohammad Bin Zayed Road from Sharjah.
The increasing number of violations is due to the lack of entrance points to the community from one side of Shaikh Mohammad Bin Zayed Road.
Currently, there are only entry and exit points to Al Barari when heading towards Abu Dhabi, and an exit point from the community on the opposite direction.
As a result res[...]
The recently finished Luxury Property Showcase (LPS) saw a range of Dubai groups show off their glamorous new launches to a Chinese crowd enthusiastic for properties for sale in Dubai.
LPS Beijing 2016 was held at the prestigious 5-star Sofitel Wanda Beijing, in the heart of the city’s central business district. The glamorous exhibition venue, combined with the participation of iconic luxury brands, allowed luxury property buyers to browse the world’s best properties in a unique atmosphere.
At the show, Jum[...]
Now that you have decided to rent a villa in Dubai, you may find you have a whole lot of white wall space to fill. Property leasers often rush to the nearest mall to grab as much ‘art’ as they can to fill the void. But this is your home and you should adore your environment. So here are 7 things to consider before investing…
Whether or not it has the potential to rise in value, it should be something you will enjoy having in your home every day. Remember, the art is for you.
Why always pick a painting[...]
Work from the top down, inside to outside, to avoid getting what you just cleaned dirty again.
Do one room, even one area of one room, at a time to avoid unfinished jobs. The satisfaction of seeing one room sparkle will make the hard work feel like it’s worth the effort.
When tidying, reduce trips around the house by temporarily depositing items in one spot en route to but not at their final destination. And do two things at once. While laundry is going, scrub the shower stall.
Invest in good rubber or vinyl gloves to protect your skin and nails.
Dust before vacuuming or cleaning the floor. Try feather or lambswool dusters, especially extendable ones for reaching above window and door casings and[...]
French hotel group Accor has reached an agreement with investment company Mawarid Finance to manage an ibis Styles hotel within its new headquarters in Dubai. The 200-key property will be located within the Al Jaddaf business district, close to the upcoming Cultural Village project and the Wafi Mall.
It will include an all-day dining restaurant and a lobby café, as well as meeting room, gymnasium and pool facilities. “We are delighted to embark upon the development of such a differentiated project and bring to life the ibis Styles Mawarid HQ,” said AccorHotels Middle East managing director and chief operating officer Olivier Granet.
“The unique nature of this development, combining office and hotel amenities in a single complex, will enable AccorHotels to further diversif[...]
It is well known that a shiny new hotel adds that extraincentive to those looking to rent an apartment in Dubai as it brings a host of leisure facilities and ups general desirability. So good news for Ibn Battuta mall area as developer Nakheel has agreed with Thailand’s Minor Hotel Group to build a new 372-room hotel there.
The deal was signed in Bangkok by Nakheel Chairman Ali Rashid Lootah and William Heinecke, Founder, Chairman and CEO of Minor International PCL, the parent company of hotel owner, operator and investor, Minor Hotel Group.
Under the agreement, the hotel will be managed under the AVANI Hotels &[...]
The Dubai Properties Group has announced an 8.2 million sq ft, Spanish-themed, development in Dubailand, which is to be developed across five phases – with the first to be ready in 2018.
The ‘Serena’ project will feature clusters of four to six units, with Phase 1 to have two and three-bedroom townhouses and three-bedroom semi-detached villas. It is being pitched in the “affordable housing” space.
According to Abdul Latif Al Mulla, Group CEO of DPG, “Dubai Properties is helping lead the resurgence of Dubai’s real estate market through the strategic development of mixed-use destinations, as we anticipate and deliver on the rapidly changing and diversifying Dubai. Serena stems from our long standing experience in the market, and our understanding of the growing demand for[...]
The bathroom is often the most under-designed room you will find in a bought property. It’s not a space people typically spend much time in so it generally gets neglected.
However, with some simple interior designer tricks of the trade you can change your bathroom from dud to dreamy. Have a go!
Lighting fixtures: Add some unique lighting pieces. Not only are they good for aesthetic reasons but they also add a nice and soft lighting effect. Don’t be afraid to choose something a bit daring or artsy – it will liven up the space.
Jewellery fixtures: A very subtle idea for a bathroom upgrade is to add some fancy extras, like gold faucets, metallic sink area pots and holder[...]