Marina Pinnacle Dubai Property and Real Estate

Stunning views, fresh sea air and glamorous living are key elements of the Marina Pinnacle lifestyle. Enjoy the dazzling surroundings from high above this soaring tower that overlooks Dubai Marina.

Iconic in style, Marina Pinnacle rises from the surrounding green landscape and concrete and glass jungle to grace the Dubai skyline with its stylish architectural features. The 71-storey tower is divided into residential floors, retail component, recreational facilities and dedicated parking sections. The ground-floor lobby is reflective of the elegance of the building with its high quality granite and marble flooring, stylish water feature, and hardwood and stone walls.

Marina Pinnacle features stylish one, two and three bedroom apartments. The apartments are furnished with premier European amenities and equipped with fridge, cooker and dishwasher. Apartment owners can also benefit from professional housekeeping services as well as nursery, nanny and day care facilities. The property also has 24 hour security and maintenance, CCTV, high speed internet and 10 high speed elevators.

Marina Pinnacle is the height of luxury and glamorous living in the heart of Dubai Marina, one of the worlds largest master planned waterfront developments. It is designed to rival such greats as London’s Chelsea Harbor, Spain’s Puerto Banus or the famous French Rivera’s Monte Carlo.


Marina Pinnacle provides extensive leisure facilities that include indoor and outdoor swimming pools, fully equipped exercise studio with fitness and weight machines, and boutiques and restaurants in the ground floor lobby.

Apartment Amenities










Each apartment is equipped with:

German bathroom and kitchen fitting and fixtures


Tiles to ceiling height in bathrooms


Washer/Dryer provided


Sockets for digital/satellite TV provided in suite


Vitrified title Splash back and bench tops


Fridge, chimney range hood, hub and oven provided


Residential Facilities:

A huge indoor/outdoor pool


Sauna, steam


Jacuzzi


A Billiards hall, table tennis courts and crèche facilities


An exciting electronic games hall for children


An inviting special occasions hall


A children’s nursery fully equipped with beds, electronic and educational games, supervised by specialists


Children can also be monitored by their parents through the TV inside their room or via the internet form outside


Luxurious hotel suites for the residents of Marina Pinnacle tower.


Housemaids for the residents of the tower catered for by the management.


A fully equipped businessmen’s club catering for today’s executive needs


Free parking for each flat


Luxurious entrance and a huge five star lobby


Various retail shops catering your every needs


Intercom and various satellite channels free of charge for the residents


24 hour management and maintenance facilities


High speed Internet access


10 high speed lifts with 2 dedicated to Executive floors and 2 additional service lifts

Falconcity of Wonders enthralls visitors at Arabian Properties Forum

Falconcity of Wonders, an ambitious AED 5.5 billion project being set up within Dubailand, has announced that its participation in the Arabian Properties Forum that was recently held in Abu Dhabi alongside the first Arabian Properties Exhibition, has proved to be highly successful, as they received an overwhelming response from visitors to their stand.

“The interest generated by Falconcity of Wonders at the Arabian Properties Exhibition provides ample proof of the market demand for inimitable and one-of-a-kind property developments,” said Salem AlMoosa, Chairman and CEO, Falcon City of Wonders LLC. “The Abu Dhabi property market has been witnessing a major boom in the recent months, which is certain to drive huge investments in this sector, and we are glad that our participation in this exhibition has paid rich outcome.”

“The Dubai Property Law recently issued by H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, provides an added impetus to the already booming property market, and also enhances the significance of unique property developments such as the Falconcity of Wonders,” he said. “The Falconcity of Wonders presents the very best in design, architecture and luxury, and this project is a tribute to the people of this country. The recent developments in property market have taken us a step closer to reality and I would like to thank the government and the rulers of UAE for creating a conducive environment for companies like Falconcity of Wonders to realise its dreams,” added Almoosa.

Falconcity of Wonders is a unique, purpose-built community project featuring structures Falcon City of Wonders is a purpose-built community project within Dubailand, featuring structures based on famous sites and the architectural marvels of the world, such as the Pyramids, the Hanging Gardens of Babylon , the Eiffel Tower , the Taj Mahal and Leaning Tower of Pisa. Spread over an area of 4 million square meters, it is shaped to represent the falcon, emblematic of the UAE’s heritage.

Omniyat Properties breaks ground on One Business Bay

Omniyat Properties, the real estate development arm of the two-billion-Dirham Almasa Holdings, announced on April 12, 2006 that it has broken ground on OneBusinessBay, its first project in Dubai. Located in the Business Bay master development on Sheikh Zayed Road, the commercial tower is expected to be completed in the first half of 2008.

Omniyat Properties has appointed Dutco Balfour Beatty, a joint venture between the renowned British contracting company Balfour Beatty and the Dubai Transport Company (Dutco), as the contractor for the first package of construction of its debut project. A ground-breaking ceremony was held on the site of One Business Bay between Interchanges 1 and 2 on Sheikh Zayed Road. In line with Omniyat Properties' "Live the Future" theme, the ceremony was characterized by a step into the future as a giant replica of the building was erected on the site. The company is investing AED 507 million in the project.

First ground was broken on the site by Mehdi Amjad, President and CEO of Omniyat Properties, Hashem Al Dabal, CEO of Dubai Properties, the master developers of Business Bay, and Grahame McCaig, General Manager of Dutco Balfour Beatty, which is also the main contracting company for the Business Bay itself."We are very happy to see our partner investors who have bought land in the Business Bay master development actually start work on site. Omniyat Properties were among the first companies to buy into the Business Bay concept, and are now among the first to start construction on their projects," Al Dabal said.

Speaking on the occasion, Amjad pointed out that Omniyat Properties believes strongly in delivering the best product on time and is therefore working with the best names in the industry to ensure delivery of the One Business Bay to the investors who have bought freehold offices in the tower. He added that the main contract for the project will be awarded in the next few weeks. "One Business Bay is the first building you see as you enter the Bay. It's actually plot number one," Amjad said. One Business Bay is a 30-storey tower with a unique design which resembles a diamond sticking out of the ground. It will offer Grade A office space in what is considered the best location of the entire development.

Abu Dhabi Investment House to invest $86m in Bahrain

Abu Dhabi Investment House, PJSC (ADIH) is investing $86 million in the Amwaj Islands project off the coast of Bahrain, as part of its expanding infrastructure development portfolio.

ADIH has acquired 600,000 square feet of land on the island from Bahrain-based Ossis Property Developers, master developers of the $1.5 billion property consisting of a string of artificial islands. Called The Lagoon, the property will comprise eight low-rise buildings which will house restaurants, cafes and various other retail outlets. The plots overlook the lagoon and have a one kilometre walk-way encircling the lagoon.The project is slated for completion by September 2007.ADIH recently launched its first project in Lebanon, Beirut Gate, set to be developed at a cost of $600 million in the Beirut Central District, commonly known as Solidere.

A $160 million private placement for Beirut Gate has been well received by regional real estate investors. ADIH was also involved in the private placement for the multi-billion dollar Energy City Qatar, closing a $100 million offer successfully in the UAE market.It had also unveiled a Euro 144 million German property fund. “The investment in Amwaj Islands will strengthen our foothold in Bahrain. Earlier, we had taken a substantial stake in the Islamic equipment leasing entity, First Leasing Bank (FLB) based in Bahrain through our first investment instrument, the Al Arabi Private Equity Fund," said Rashad Janahi, Chief Executive, Abu Dhabi Investment House.

Jumana Tower -Dubai Pearl Dubai Real estate

A trove of luxury, opulence and style; Jumana Tower - Dubai Pearl is a picturesque dwelling for the crème de la crème, epitomizing dreamy beaches with scintillating sun rendezvousing with the unsullied sands and the cool evening breeze beckoning sultry nights. Overlooking the most exhilarating sights of the city, Jumana Tower - Dubai Pearl offers community living at its best.

Jumana Tower - Dubai Pearl features World-class amenities, services, security and interlinked walkways to all other Dubai Pearl facilities. It also boasts an enviable panoramic view on the skyline of the city, the shoreline, as well as the Jumeirah Palm. Supplementing this inspiring view are the exemplary educational facilities located just around the corner, making Jumana Tower- Dubai Pearl one of the most exciting and attractive residential venues within the entire region.

The transportation infrastructure at the Jumana Tower - Dubai Pearl is strategically located to provide easy access from the adjoining Sheikh Zayed Road via free-flow traffic interchanges, and a direct entry fro

Will the Dubai Financial Market slump fund a second property boom

Big investors have been selling off their shares in the Dubai Financial Market. Ironically the company whose shares have been most heavily traded, Emaar Properties, could also be one of the biggest gainers if investors decide to move their cash into local real estate.

Despite concerns about future oversupply, there is a good argument that suggests this may indeed happen. For stock markets and real estate markets are inextricably linked. But the link is not necessarily the one you might expect, i.e. stocks crash and housing follows.

Observers of the British property market back in the late 1980s had a classic demonstration of the stock market to real estate connection. In 1987 on Black Monday the UK stock market crashed, with billions wiped off the value of UK plc. And yet house prices continued to rise until 1990 (admittedly then slumping by around 40% in the worst post-war recession).

Strangely in 1987 the idea that those ruined in the stock market would rush to sell off property to clear debts simply did not happen. Instead people seemed to value their property more highly and held on to it.

A clear pattern
What appears to happen, and there are countless examples from around the world that demonstrate the same pattern, is that investment flows switch dramatically from shares to property in search of returns. No matter that a stock market crash surely portends a fairly serious business downturn that will also damage real estate - this is perhaps a little too subtle for the animal forces that move markets.

So now that we appear to be witnessing a serious correction in the Dubai Financial Market, with shares down 35% since their peak last November, will the smart money move into property and push prices higher?

In Abu Dhabi the rush to buy last weekend at the opening of sales at Aldar Properties high-rise towers suggests that this trend may already be evident. Are the thousands pursuing the newest off-plan buying opportunity investors who have just sold their UAE shares?

Maybe not, but they could well be the investors who might have bought UAE stocks if the market was still going up, and will buy apartments instead. The Abu Dhabi Securities Market, for the record, is 29% off its peak last May.

Abu Dhabi property
They may, of course, be joined by Dubai investors who think the Abu Dhabi property cycle will be similar to the one they have enjoyed in Dubai, and want to be in on the start of the next big thing. But what about Dubai property, will it benefit from the exit of funds from the local bourse?

The liquidity and investment model is surely the same as that seen in other similar situations in the past. There is also the fact that by global standards Dubai property is cheap both in terms of absolute price and expected rental yields.

And the UAE economy is also supported by high oil revenues and a new reforming cabinet has just been installed. So don’t write the obituary of Dubai property just yet.

Market for Dubai Villas Remains Strong

The slowdown reported in apartment sales in Dubai has not been apparent for villas. Even off-plan villa sales are still going strong, and the re-sale market remains a seller's market. This new dynamic to the market has been developing for some time.

The mismatch between the supply of villas and the latent demand has been apparent for many years. In the early days of the first Dubai Marina apartment sales Emaar Properties noted huge demand for the very small number of villa units at the base of the development.

This is one reason why Emaar went on to build the 2,000 villa Meadows and 4,000 town-house Springs developments, and then the very successful Arabian Ranches project. The first two schemes sold out long ago, though the release of villas at The Arabian Ranches continues. Nakheel enjoyed similar success with its 6,000 Jumeirah Islands villas.

Victory Heights - Only last week-end the Victory Heights villas - a 900 villa development in seven villages as a part of the Dubai Sports City - sold 164 villas or 70% of its first phase, with town-houses priced from $350,000 up to six-bedroom villas at $2.2 million.

Now the Victory Heights is a nice project around an Ernie Els designed golf course called The Dunes, and villas near to golf courses tend to sell at a premium. Emaar has certainly used this to advantage with its projects facing on to the Emirates Golf Club and The Montgomerie, as well as the desert golf course at The Arabian Ranches.

However, investors are interested in more than an attractive location. For over the past year there has been a realization that villas may well offer the best investment returns in the long-run in Dubai.

For a start pricing per square foot is generally cheaper for villas than apartments, despite the fact that villas come with a plot of land and a garden. In most cities of the world this factor makes villas more expensive than apartments and not vice-versa.

Stable villa rental yields - The rental market for villas in Dubai is also well established and given that the supply of villas built in recent years is, if anything, behind the demand curve then the outlook for rental yields on villas should be considered more stable. In short, there is not a massive oversupply of villas about to hit the market whereas the same can not be said for apartments.

This is one explanation why the re-sale market for villas in Dubai is currently strong, with properties not remaining on the market very long, while re-sales of off-plan apartments in a number of projects is difficult.

So it looks as though two different property markets now exist in Dubai: villas and apartments; although to be fair completed apartments in The Greens, for example, are still in demand, and the off-plan apartment market is where the main problems exist.

Dubailand Property for sale Dubai

Covering 3 billion square fee, Dubailand is said to be the most ambitious tourism, leisure and entertainment destination ever created, and home to some of the world's premier and unique attractions Dubailand has been designed to appeal to the widest tourist segments across genders, age groups, world regions and activity preferences.

Dubailand is ideally located on the Emirates Road, providing easy access. It is just 10 minutes from Dubai International Airport, 10 minutes from Dubai World Trade Centre, 20 minutes from Sharjah and 60 minutes from Abu Dhabi. Dubailand has been planned and designed using leading-edge expertise.

A unique and multi-faceted development of pure family entertainment and eductation, with universal appeal, Dubailand will incorporate a critical mass of attractions, an endless mix of day and night activities and a variety of themed accommodations to encourage longer visits and overnight stays.

Dubailand will be made up of 5 different worlds each offering a fantastic range of activities and experiences to visitors.

Attractions and Experience World
A family World of theme and water parks, roller coasters and adventure, Attractions & Experience World will feature a critical mass of themed, large-scale attractions, using the latest technology for thrills and safety. The largest theme park will act as an anchor, attracting visitors and encouraging the growth of visits to other attractions within the World, and Dubailand as a whole.

Projects being developed in Attractions & Experience World:

Pharaohs Theme Park
Giants World
Kids World
Global Village
Space & Science World
Space Hotel
Tourism Park
Film World
Desert World Theme Park
Snow World
Aviation World
Water Park
The Castles
Arabian Theme Park

Sports & Outdoor World
Sports & Outdoor World will include a mix of sporting venues that will incorporate a dynamic program of international rugby, cricket and other sports tournaments as well as extreme sports activities. A high energy environment, Sports & Outdoor World will be ideally positioned to become a prime warm weather training facility for professional sports teams and will appeal to a broad mix of markets.

Projects being developed in Sports & Outdoor World

Extreme Sports World
Sports City
Racing World
Polo World
Golf World

Eco-Tourism World
A natural world marveling at the beauty of our planet, Eco-Tourism World will comprise a series of nature and desert-based attractions integrated within their desert parkland surrounds. The experiential and cultural activities offer a unique opportunity for visitors and residents.

Projects being developed in Eco-tourism World:

Petting Zoo
Animal World
Equestrian Centre
Light & Sound World
Gardens World
Dinosaur World
Science and History Museum
Bio World
Sand Dune Hotel
Sandstone Villas
Camp World
Desert Safari

Themed Leisure & Vacation World
A relaxing world of spas, health and well-being, Themed Leisure & Vacation World will consist of leisure retreats consisting of quality vacation village residences, resort hotels and wellness retreats. Fitness and stress-management focused facilities and unique creative concepts, such as themed resorts, provide an extraordinary experience for everyone.

Projects being developed in Themed Leisure & Vacation World:

Andalusian Resort & Spa
Women's World
Wonders World
Holiday World

Downtown, Retail & Entertainment World
Retail & Entertainment World will provide a critical mass of retail facilities providing a wide variety of global brands but also unique boutiques and discount stores, all within one of the biggest mall in the world - the Mall of Arabia. Downtown features varying dining establishments, clubs and entertainment venues including cinemas and street performers.

Projects being developed in Retail & Entertainment World:

Mall of Arabia
Factory Outlets
Auction World
World Trade Park
The Flea Market
The Towers
Dubai Walk
Virtual Games World
Teen World

Dubai properties for sale The Elevation Dubai Sports City

Property Description:
The Elevation is a 16-storey tower building situated on plot R911 within the Dubai Sports City master plan. The project includes, 2 rooftop swimming pools, health and leisure facilities, an internal recessed garden on the 8th floor and 1 underground parking space per apartment
The Elevation Quality Specifications
Living/Dining Areas
• Solid core entry door with security view hole • Ceramic floor tiles to all floor areas • White paint finished walls
Kitchen
• Fitted kitchen cabinets • Ceramic floor tiles • Worktops in granite • Stainless steel sink and drain board and mixer taps • Half height ceramic tile splash back, balance finished in white paint
Bedrooms
• Ceramic floor tiles • Fitted wardrobes in all bedrooms • White paint finished walls
Bathrooms
• Ceramic floor tiles and half height wall tiles • Half wall white paint finish • Mixer taps in all sinks and bathtubs • Composite stone vanity tops

General
• Internal wood doors • High speed internet ready wiring • Ready for cable TV • In building security and janitor • Underground parking • Central A/C system • Elegant exterior finish
Project Facts
• 16 floor apartment building• 259 unit total• Views of open park or Ernie Els golf course• Large apartments• High end finishes• 8th floor unique internal garden and seating area• 2 rooftop swimming pools• Private residents gym and health-club facilities• Central elevators• Intricate landscaped gardens• 2 floors of underground parking• Storage rooms (available for purchase)
Studio Apartments
50,000 GBP to 64,000 GBP approx
398 Sqft to 463 Sqft
Floors 1,2,3 and 4
1 Bedroom Apartments
114,000 GBP to 155,000 GBP approx
883 Sqft to 1052 Sqft
All floors
2 Bedroom Apartments
146,000 St to 242,000 St approx
1045 Sqft to 1479 Sqft
Floors 8,9,10,13, 14,15,and 16
For further information including the latest availability and prices for this development please contact one of our sales team:
Contact us

Property Developments: Dubai: The Palm Deira

The Palm Deira is the largest of the three Palm Islands (Palm Jumeirah, Palm Jebel Ali and Palm Deira). It is located on the Deirah coastal area of the emirate of Dubai, in the United Arab Emirates (UAE). The unique man-made palm-shaped island will consist of a trunk, a crown with 41 fronds, and a surrounding crescent island that will form a water-breaker.
The Deira Palm island was not initially intended to be developed, but on October 2004, the annoucement of its development was issued. The Palm Deira will cover 14 kilometers (8.7 miles) in length and 8.5 kilometers (5.3 miles) in width and have an area of 80 square kilometers (861 million square feet). It will consist of residential property, marinas, shopping malls, sports facilities, and clubs. The residential area will be located on the fronds and will contain 8,000 two-storey town houses in three distinct styles - Premier Villas, Grand Villas and Vista Town Homes



The Palm Islands, also referred to as The Palm Dubai and The Palms, are the three largest man-made islands in the world, which are being built on the coast of the emirate of Dubai, in the United Arab Emirates (UAE). Its concept was announced in May 2002 and the three resort islands are expected to maintain Dubai's position as a premium tourist destination. The Palm Islands is also the self-declared 'Eighth Wonder of the World'.


Each of the islands (Palm Jumeirah, Palm Jebel Ali, and Palm Deira) are being built in the shape of a date palm tree and consist of a trunk, a crown with fronds, and are surrounded by a crescent island that acts as a breakwater. The islands will support luxury hotels, freehold residential villas, unique water homes, shoreline apartments, marinas, water theme parks, restaurants, shopping malls, sports facilities, health spas, cinemas and various diving sites.

Dubai Property 2 Bedroom Apartment For Sale

Imagine a life of High-style living coupled with Harmony, Comfort & Security of an exclusive community. The stunningly beautiful Armada Towers, with its class of magnificence, offers you this and much more.
Armada Towers is a unique in the dubai property market, a 34-storeyed development of three towers designed to give you that little extra for your investment. The three towers merge together as a single, integral design creating a new community concept and an awe-inspiring sight around the lakes.
This luxurious lakeside living comes with many attractive advantages. Each buyer is entitled to a sponsored Residence Visa & full freehold title is given to every apartment. With easy installments in an exclusively tailored Payment Plan, this dream home in Armada Towers is now an ultimate reality.
The renowned Jumeirah Beach is only a couple of minutes away, giving you the perfect opportunity to relax and enjoy the beautiful, golden sands of Dubai’s lovely coastline. Enjoy a lifetime of pure pleasure with 365 days of glorious sunshine.
With creativity, synergy and explicit beauty, Armada Towers gives you the chance to stand out from the dubai property crowd. Armada Towers - more details and location information.

Dubai comes to Dublin

For the first time ever, DSL Exhibitions will be bringing together leading Dubai property developers and agents at the Dubai Property Show on the 24th - 26th March 2006, the first exhibition of its kind to come to Ireland at the RDS Irish International Exhibition and Convention Centre, Dublin.

Mike Bridge, Regional Sales Director of DSL Exhibitions comments,
'This will be the first time that well known Dubai agents and developers will be showing en masse, exclusively under one roof in an Irish venue. Dubai has become the fastest growing city in the world and a world class destination for business and tourism. Aer Lingus has recently announced that it will begin direct flights from Dublin to Dubai from March 28th. This is likely to spark a further influx of Irish investors to the Emirate, which has already proved a very popular destination since the market opened up three years ago. Huge investment has been ploughed into Dubai and it is constantly introducing world class projects in a city that offers unlimited opportunities, strong population growth, high rental returns and new real estate laws designed to protect the investor, expected to be announced in the immediate future.""The new law which will combine the features of both 99 year renewable lease and freehold rights in selected locations will accelerate the already rapid real estate growth. Dubai's plans include a mega theme park twice the size of Disney World Florida, Mall of Arabia - the worlds biggest shopping mall, the Restless Planet - housing over 150 animatronic dinosaurs and even an indoor ski slope in the desert, will create a first class resort atmosphere for holidays in the region.' The real estate sector in Dubai is outstanding in its diversity. There are an array of projects being built which are without a doubt, the best in the world. Prices compared with other international resorts are still very competitive, with studio apartments starting from as little as £45,000 and villas from only £200,000. Dubai has become one of the most exciting investment destinations in the world at the moment. At the Dubai Property Show in March, visitors will be able to see for themselves the abundant lifestyle opportunities available in the city, as well as meet experts with all the information about living and buying real estate in the UAE. This will be an event that consumers cannot afford to miss, bringing Dubai to Ireland for the very first time.' The show will feature the many of the exciting projects in Dubai such as: • Palm Jumeirah, considered as one of the most unique and exclusive real estate projects in the world. It provides spectacular homes, world famous waterfront resorts, boutique hotels, shopping, spas, marinas, all providing a tranquil retreat from the stresses of everyday life. • Dubai Sports City 'DSC' is the world's only integrated purpose designed venue which is expected to be completed by 2007. This $2 billion city will host the first Manchester United soccer school outside Europe, a golf course designed by South African Ernie Els, a David Lloyd tennis school and a Butch Harmon golf academy, the first outside North America. DSC development is being created as one of the star attractions of the mega Dhs 18 billion Dubailand project. • International City will feature country themed architecture of residences, business opportunities, and tourist attractions. It will cover 800 hectares and its geometry was inspired by the intricately patterned traditional carpets of the Middle East. Once completed, the project will contain studio, one and two bedroom apartment units and accommodate over 60 thousand residents. • Jumeirah Beach Residence is a seaside development on 2.2 million sq.ft. of vacant land along the Jumeirah Beach Coastline, with the objective of meeting the need for luxurious residential units at an affordable price on freehold basis. It is the last of the beach front properties giving you year round "Beach-Resort" lifestyle with beach facilities just an elevator distance away. Properties at the show will cover the vast range of 'off plan' and key ready freehold properties including villas, town houses, apartments, lofts, studios, water homes, golf resort homes, serviced apartments and many more. If you are looking to either buy a holiday home or a property as an investment or even plan to buy a property to retire, this three day show will offer thousands of properties to suit every budget in one of the most exciting property and holiday destinations in the world. There will be a variety of competition giveaways promoted at the show by a selection of exhibitors, one of which will be the chance to win a fabulous holiday prize package which includes Premium Class return tickets from Dublin to Dubai courtesy of IFA Hotels and Resorts and Aer Lingus. DSL Exhibitions can arrange suitable finance if needed, through an array of recommended lenders, with mortgages being available of up to 80% of purchase. The exhibition will be held at the RDS Irish International Exhibition and Convention Centre, Dublin which will be open daily on Friday 24th from 12.00 - 18.00pm, and Saturday 25th and Sunday 26th March from 10.30am -18.00pm. Entry is free.

Deyaar announces participation at First Dubai Property Show in London

Deyaar, a leading property developer in the UAE, has announced its participation at the first Dubai Property Show in London, to be held at Novotel West London from January 21 and 22, 2006. Deyaar will have a significant presence at the show, and will showcase some of its prestigious projects to investors from the United Kingdom.Deyaar projects to be featured at the property show include the Business Bay-based premium corporate tower “The Citadel” and unique state-of the art Churchill Towers as well as Al Seef Towers II and III, luxury residential skyscrapers located in the heart of the Jumeirah Lake Towers development. Deyaar will also showcase the Madison Residency, an elegant 24-storey tower, strategically located in the Dubai Media City. The Dubai Property Show is the first large-scale Dubai-exclusive property show to be held in London, drawing participation from about 40 Dubai-based property developers and agents. The show seeks to provide a platform for prominent property developers in Dubai to reach UK-based buyers, who constitute the top overseas investors in the Dubai real estate market.“A high-profile show like this will serve to create more awareness about Dubai’s thriving property market,” said Zack Shahin, CEO of Deyaar. “For Deyaar, the show presents an opportunity to target UK-based investors, and at the same time reach out to a new set of investors looking to diversify their investment portfolio. Deyaar will showcase its high-end properties during the Dubai Property Show.”“The explosive growth of Dubai’s real estate market has drawn interest from investors around the world, with investors from the UK topping the list. Dubai Property Show provides a much-needed platform to exploit this opportunity further, and allows Deyaar to vigorously pursue its marketing strategy and attract more overseas investment in our various projects,” Shahin added.The Dubai property Show is organized by DSL Exhibitions, and supported by Dubai Chamber of Commerce and Industry (DCCI) and the Dubai Tourism and Commerce Marketing (DTCM), who will make presentations highlighting the lifestyle and business opportunities in Dubai.Deyaar was launched in 2002 as a 100 per cent subsidiary of Dubai Islamic Bank. The Dubai-headquartered Deyaar, which has a capital base of AED 500 million, is one of the most successful real estate companies in the UAE.

Dubai property prices 'set to decline'

Dubai: Property prices in the UAE emirate of Dubai are likely to drop in the coming five years as numerous new housing units are made available to buyers, Standard Chartered Bank said.In a report, the bank said prices will remain strong in the near term but new large projects are "clearly going to boost supply in the coming few years in a dramatic fashion".
Property prices have approximately doubled in the past three years as the wealthy emirate has transformed itself into the region's trade and tourism hub.
But a surge in construction projects, especially luxury residential developments, has raised fears of a property bubble.
"While the timing is uncertain, to us this suggests a decline in property prices is just a matter of time."
In the short term, the bank said a growing number of people moving to Dubai, a liberalisation of property laws to allow foreigners to purchase property, high rental yields, and continued speculation will keep prices high.
"Our new real estate index ... suggests that property prices rose further in January by 3.7 per cent," the report said.
"Therefore it appears as if market sentiment remains solid."
The bank said that the effect of any correction in property prices would have a limited effect on the economy because of the strong financial positions of the UAE's government and banks.
Dubai is one of seven emirates that make up the UAE federation.
The report said banks have a limited exposure to the real estate sector and the federal government, with a budget surplus estimated at 26pc of GDP in 2005, can offset any fall in property prices by increasing infrastructure projects.

Russians Are Most Active Buyers of Dubai Prime Property at Palm Jumeirah Island

Russian entrepreneurs are the most active buyers of prime residential property at the Palm Jumeirah Island which is being built in the Persian Gulf in the emirate of Dubai, UAE. This information was announced on Friday, Feb. 17, by Wessel Witthuhn, president of Emerald Palace Group. Witthuhn was in Moscow to present the elite residential complex Kempinski Palm Jemeirah Residences which is being constructed on the artificial island.The Kempinski Palm Jumeirah Residence hotel and spa is a 7-storied development set on the Palm Jumeirah Crescent, and is spread over a total land area of over 1,000,000 square feet with a 500 meter-long private beach. The project encompasses 200 elegant one, two, three and four bedroom apartments ranging from 165 square meters to 1,300 square meters. The price of property in the complex starts with $4,000 per 1 square meter.Although construction of the complex has just begun, 40 percent of two-, three- and four-bedroom apartments have already been sold. According to the representative of property developer who was quoted by the Prime-Tass agency, 90 percent of customers are citizens of Russia and CIS countries. Administration of the complex already announced that in the absence of owners, it will help them to lease out their apartments and guarantee the safety of their property. As a result the owners will be able to pay back the investments made in the luxury apartments. MosNews has already reported in August 2005 that Dubai property has been drawing active interest from Russian investors. This has even led one of the emirate’s real estate firms Akar Real Estate to open an office in Moscow to deal with increased demand. “Over the last year more than 300 Russian investors have bought both commercial and residential properties in Dubai estimated at over AED 700 million ($191 million),” said Sultan bin Hareb Al Falahi, Chief Executive Officer of Akar. “The potential is considerable and while we do have Russian speaking staff in our Head Office, the purchase of property always follows a great deal of deliberation and it makes sound business sense to have a physical market presence,” he added.

Dubai property now a long-term savings plan

From being a vehicle to get rich quick, the Dubai property market has matured into a classic long-term savings plan for local residents and nationals. And banks report strong growth in their mortgage business creating a true end-user market. But the days of the speculator are over, at least until the next boom.

Talk to anyone buying Dubai property these days and they are probably thinking about a long-term investment, either as a place to live and avoid paying the high rents of the city, or as a holiday home or as a buy-to-let investment. The time when speculators could snap up apartments with a 10% deposit, and then sell them a couple of weeks later with a 100% capital gain on their deposit are over. The more typical speculator that you meet today is somebody who can not pass on their apartments without incurring a loss, and has probably decided to go ahead and purchase the property. As one investment wit once commented: 'The definition of a long-term investment is a short-term one that has gone wrong'. Yet there has always been a crucial difference in the Dubai property market between short-term speculators and the genuine end-user.
Investment time horizonThe difference is in the time horizon. A genuine end-user buys typically with a 10-15 year mortgage. Now everyone knows that within such a long period the real estate market is bound to go up and down. Markets are never flat for long, they rise and fall. But what does that matter if you have committed to a 10-15 year investment plan? It is only a problem if you have to pull out before the mortgage period is up - otherwise you will just carry on paying the mortgage until the payments are over, and the property becomes yours to live in rent free, or sell as you wish. This is a very different level of risk to that being taken by the speculator who is in the market for high gains - and if he or she gets it wrong high losses. So those buyers who bought with a short-term time horizon should not grumble if the market has turned against them. That is the risk that they took as speculators.
Systemic riskThe only real danger that long-term end-users should worry about is systemic risk. But the UAE has probably the most stable political record of any country in the Middle East, massive hydrocarbon reserves and a history of protecting the interests of expatriate as well as indigenous residents. Even the mortgage rates paid in the UAE are linked to the US dollar through the currency peg, and so will not move against end users due to shifts in UAE domestic policy. Of course there is no such thing as a risk-free investment but a long-term investment in real estate in an extremely wealthy and stable country does look low-risk.