Dubailand hotspot for rentals and sale
26 January 2010
Investors are looking at the option of buying and renting apartments in Dubailand, while Dubai Marina continues to be their primary choice, according to Propertyfinder.ae.
â€œAlthough Dubai Marinaâ€™s stronghold slipped in the last quarter, it still maintains the top spot for buyers and renters. Dubailand jumped from 18th place in the third quarter to 10th place in terms of location searches,â€ the property website said in its fourth quarter report.
In December, Emirates 24|7 reported that Dubailand was becoming the next affordable housing destination in Dubai. About one-fourth of the total new supply pipeline in the emirate is in Dubailand where 4,000 to 6,000 new residential units are likely to be handed over this year.
Dubai Marina tops the list with 18.86 per cent of the total sale searches and 19.51 per cent of total rental searches.
Maximum number of people searched for properties not exceeding Dh1 million as they ignored units costing Dh5 million to Dh10 million. Two bedroom units were the preferred choice with studios becoming non-existent when searching.
In terms of lease searches, Tecom, Sheikh Zayed Road and Dubailand saw an increase in the fourth quarter. Areas with short-term rental options showed more interest and proeprties being leased below Dh50,000 per annum showed the maximum interest.
Properties with rental over Dh150,000pa diminished immensely with one bedroom units topping the demand chart.
The search results, according to Propertyfinder.ae, are stemming from over 600,000 visits, three-million property page, 120,000 properties and 200 brokers.
21 January 2010
|Property buyers with a stable employment, a decent salary and low-debt requirement will be able to obtain a mortgage easily, according to analysts.
This year will be a year of cautious growth for the mortgage lenders. People with stable employment and a decent salary with low debt, obtaining a mortgage will be relatively easy.
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2010: YEAR AHEAD
06 January 2010
|The year ahead in Dubai promises to continue the regions transport infrastructure with the completion of the 29 station â€˜red-lineâ€™ of the metro in February and the 18 station â€˜green-lineâ€™ to open later in the year.
The largest and most significant addition to Dubaiâ€™s transport system will be the new Al Maktoum International Airport in Jebel Ali with the first expected flight to take off in June 2010.
The airport, which will be 10 times the size of the current Dubai International Airport and Dubai Cargo Village combined, will have six parallel runways and as many concourses. The first phase of the project will see the terminal initially handle 700,000 tonnes per annum. By 2013 it is expected to become the largest of its kind in the world, handling more than 12 million tonnes of cargo annually.
BURJ DUBAI: OPENING CEREMONY
05 January 2010
|The Burj Dubai was opened in a spectacular ceremony of sound, light, 10,000 fireworks, light-beams and water-displays and was watched by millions of viewers on TV on the 4th of January 2010 to mark the anniversary of His Highness Sheikh Maktoum bin Rashid Al Maktoumâ€™s ascension to power.
The high-profile event was split into three acts, the first act delighted guests with a co-ordinated water, light and firework display, mimicking the unfolding of the desert lily, the inspiration for the Burj Dubai.
The second act, â€˜The Heart Beatâ€™, captures the construction of the tower in a dynamic lightshow. The third act, â€˜From Dubai and the UAE to the Worldâ€™, used sky tracers and space canons envelop the tower in a strong halo of white light before reproducing the sunbeams of the Emaar corporate logo. The finale to this spectacular ceremony illuminated the night sky and the Burj Dubai with 10,000 fireworks fired on and from the building, giving the eveningâ€™s revellers a memorable close to the inauguration of this iconic tower.