Dubai Property News

Plaudits and pessimists alike have their eyes firmly fixed on Dubai! With world property markets slumping and the ‘R’ word on the tips of everyone’s tongues, just what will happen to this property oasis?

New rulings, recently instigated by Sheikh Mohammed Bin Rashid in Dubai will lead to a significant boost in customer confidence throughout the property market and are aimed at making Dubai an even stronger investment attraction, at a time when many global property markets are failing.

Dubai Sports City, the world’s first integrated sports city, has commissioned a Renaissance expert to ensure the authenticity of the Venetian themed architecture of the development’s North Point commercial, residential and retail precinct.

Another first for Dubai! The new £2 billion Metro Railway was recently successfully tested, confirming its official launch for September 2009 with full completion due by 2012. Oliver Hickey UK Sales Director of Profile Europe (UK) Ltd said, “The Dubai Metro upon completion will add yet another dimension to this rapidly expanding metropolis.

Who says that the British are struggling financially? There may be a credit crunch and house prices are continuing to fall, but the smart UK money is now in Dubai; latest figures from the Dubai Land Department show that British companies lead the field when it comes to land investment, with 147 companies in total now owning 1,900,000 sqft of prime real estate land in this burgeoning market!

Until now the Dubai government had reserved all Dubai waterfront land for its own developments, but now for the first time, prime beachfront real estate has been made available to private developers.

When Dubai is mentioned, images of high-rise buildings, high-success industry, new-found celebrity culture, ‘Media City’, and profit from excellent rental returns spring to mind.

Dubai has and will continue to be both popular and profitable for those looking to invest into this burgeoning property market. However at present, many investors are not achieving their ‘true’ square footage and in many cases this means that buyers may expect to see up to 15% sqft less than they were originally led to believe.

Beautiful one and two bedroom apartments at Bermuda Views form part of the colossal Dubailand sports and lifestyle project. The development sits within Dubailand’s equally awe-inspiring Sports City, making these units strong investment options within one of Dubai’s most prestigious complexes.

Investing into overseas property is the preferred choice for a new generation looking to safeguard their future. It should be an investment based on many attributing factors that collectively provide a secure investment opportunity over a number of years and luck should play no part in future gains.

It is no secret that the key to a successful overseas property investment is the ability to be able to realise your capital appreciation at any time by selling your property on.

Dubai Sports City (DCS) upon completion, will become the worlds premier sports destination, so one may be excused for wondering why there will also be 1.7 million sq ft of retail space; perhaps with so many sports fans, it seems only logical that may spouses would also like or prefer the opportunity of ‘shopping till they drop’!

Profile Europe (UK) Ltd is the leading European agent for Dubai property developers Nakheel, having secured to date over £500 million in property sales since 2003.

Profile Europe (UK) Ltd now has pleasure in unveiling ‘Eagle Heights’ development within Dubai Sports City. Perfectly located, packed full of amenities and affording golf course views, Eagle Heights is a ‘Golfers Dream’.

Dubai is about to be hit for 6! This was the welcome news that Dubai received recently when it was confirmed that the new Dubai Cricket Stadium will be ready for action from October 2008.

Commercial Bank of Dubai (CBD) challenges all other mortgage providers in the United Arab Emirates with its mortgage loans from 5%, a substantial variation when compared with the lowest general market rate of 7.5%.

Dubai’s efforts to become a world reference for business and knowledge excellence can rarely be matched: The Dubai Technology, E-Commerce and Media Free Zone (TECOM), the visionary project encompassing many free zones in Dubai, is home to literally hundreds of global companies and employees who serve the technology, media and education industries.

Those who failed to invest in Dubai’s ‘original’ Palm five years ago will understand the phrase “he who hesitates is lost”. Properties on Palm Jumeirah have skyrocketed in value, up to 300% apiece, after being sold and resold on average four times each before even being built.

Profile Europe (UK) Ltd is pleased to announce the release of their new development ‘Stadium Point’ which offers unparalleled panoramic views over Dubai Sports City, training academies.

The wraps are off the first ‘open for business’ facility at Dubai Sports City – The Els Club. The 18-hole course was officially unveiled on Monday 28 January 2008 by The Big Easy himself, with some help from sporting luminaries Freddie Flintoff, Martina Navrativola, Peter Schmeichel and South African rugby captain John Smit.

Ernie Els the former British and US Open Golf Champion has officially launched the ‘The Els Club’ in Dubai Sports City. Alongside a host of celebrities, the world’s first ‘The Els Club’ boasts a 7,538 yard 18 hole championship course and will act as a global base for Ernie’s international design business operation.

Population, workforce and economic growth have been and continue to be driven by Free Zones and specialised industry cities;

Profile Europe (UK) Ltd are pleased to bring to the market Bermuda Views, which is perfectly located on the Ernie Els designed championship golf course in Dubai Sports City, offering investors panoramic views of the course and a whole host of other sporting activities all located nearby.

Rising from the dusty desert the Emirate of Dubai has grown from nothing to nothing short of jaw-dropping in a matter of decades. Themed cities, record toppling skyscrapers, iconic hotels and the world’s biggest airport are all grabbing the headlines and everything Sheikh Mohammed touches seems to turn to gold.

Ever since Sheikh Mohammed declared in May 2002 that foreigners were allowed to purchase property in Dubai, demand for home loans has soared. In fact according to reports in the Khaleej Times, mortgage lending in the United Arab Emirates increased an annual 97% in the second quarter of 2007 as foreigners bought property in the Gulf state.