Here are three communities in Dubai, Sharjah and Abu Dhabi that hold promise Madinat Jumeirah Living Image Credit: Supplied
While the pandemic has forced developers in the UAE to rethink project launches, slowing down the off-plan market considerably, real estate experts say there is a sustained demand for off-plan projects in prime locations. According to Property Finder reports, in November 3,928 transactions worth Dh7.65 billion took place in the Dubai real estate market. Around 38.5 per cent of these transactions were in the off-plan market.
Prime locations in demand
Rakesh Mirchandani, CEO of RNR International Real Estate says, “Off-plan is still attractive in prime locations. The Madinat Jumeirah Living is a perfect example of this. It has seen a good demand from investors. So has La Mer, Emaar Beachfront and Emerald Hills project in Dubai Hills. Developers are also being as competitive as possible, offering waivers on service charges
Dubai’s best Christmas Day brunches under Dhs500, including drinks
Best pull out your stretchy pants for the biggest day of the year…
Christmas Day brunch is an institution in Dubai, with everything from relaxed brunches on the beach to lavish Champagne-fuelled affairs. At the more affordable end of the spectrum, we’ve rounded up Dubai’s best Christmas Day brunches for under Dhs500, including house drinks.
Americano
For a warm atmosphere, friendly staff and cool, speakeasy vibes, Americano has you covered with its relaxed Christmas Day brunch. Running from 12pm to 3pm, the restaurant will serve up casual eats and free-flowing drinks, priced at Dhs349 for soft drinks, Dhs399 for house drinks and Dhs425 for sparkling. An excellent two-for-one happy hour will run after brunch.
Dubai s Secondary Residential Property Sales Exceed $2 Billion in November Published December 17th, 2020 - 07:00 GMT
April and May were the lowest months historically for secondary sales because of the lockdown but since the ease in restrictions the secondary residential real estate sales have been on a rise, peaking in November 2020 with 2,179 sales transactions. (Shutterstock)
The secondary residential property sales in Dubai real estate market for November hit a new high registering a total of 3,928 transactions worth AED7.65 billion ($2.08 billion), thus breaking a seven-year record, according to Data Finder.
In April 2014, 2,265 secondary residential real estate sales transactions took place and then the transactions declined and never went to more than 1,850 transactions a month in over 6 years.
Secondary home sales in Dubai hit a 6-year high
April and May 2020 were the lowest months historically for secondary sales because of the lockdown
The secondary residential property sales in Dubai hit a six-year high in November by accounting for 74.4 per cent of the total Dh7.65 billion worth of 3,928 transactions, according to Data Finder.
The real estate insights and data platform of the Property Finder group said the overall secondary residential property transactions in November were the highest since April 2014, while September, October and November were “recording- breaking months for secondary villa/townhouses historically.”
The report by Data Finder said 61 per cent of these transactions were in the secondary market and 39 per cent were in the off-plan market by volume. Off-plan transactions accounted for 25.6 per cent of the total sales value.
SHARE
There is no doubt that the UAE is home to some spectacular properties. From penthouse apartments to plush villas with sprawling gardens and incredible pools, it’s a real estate haven.
Each week,
The National showcases some of the best homes on offer in its Property of the Week. This week, we take a look at a Dubai Hills View mansion. A modern mansion, in the heart of Dubai Hills Estate. Courtesy Allsopp & Allsopp
The key details
This nine-bedroom mansion looks out over the golf course in the desirable
Dubai Hills Estate neighbourhood. The property is set across four storeys and 31,000 square feet, on a 35,000-square-foot plot.