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Ajman's Real Estate Revamp: JLL Consultancy Takes the Lead

Ajman’s Real Estate Revamp: JLL Consultancy Takes the Lead

March 11, 2024

The Ajman Department of Economic Development has taken a significant step towards revitalizing the emirate’s real estate sector by enlisting the expertise of JLL consultancy. With a formidable track record in the UAE, JLL will spearhead the development of a comprehensive strategy aimed at propelling Ajman’s real estate market into a new era of competitiveness and growth. Read More : The UAE Ranks as the Most Stable Economy Globally and 10th Best Country in Soft Power This initiative forms a crucial part of Ajman’s broader economic agenda, which seeks to attract more investments and foster sustainable development across various sectors. The government department emphasizes that the insights gleaned from this collaboration will play a pivotal role in charting the future course of Ajman’s real estate landscape. Currently, real estate and its ancillary industries contribute a significant 30% to Ajman’s GDP annually. The emirate has been buoyed by the positive momentum witnessed in the real estate markets of neighboring emirates like Sharjah and Ras Al Khaimah since 2021. Notably, Ras Al Khaimah has emerged as a hotspot for real estate investments, marked by rapid value appreciation and a surge in off-plan launches. Read More : Confident Group Debuts in Dubai with Lancaster Luxury Residences Director of the Ajman Competitiveness Office, Saeed Humood Saeed, underscores the importance of JLL’s research in providing a comprehensive assessment of Ajman’s real estate potential. The forthcoming strategy aims to identify key growth areas and formulate a roadmap that aligns with the emirate’s long-term development goals. Ajman’s rental market has witnessed a robust uptick in demand, with rental contracts totaling Dh4 billion in the past year alone—a nearly 40% increase from 2022. This surge in demand is driving the development of more affordable housing options, particularly in the form of apartment buildings, to cater to the needs of both residents and investors. Read More : A Comprehensive Review of Sheikh Hamdan’s Visit to Al Khawaneej Housing Project Moreover, the total value of real estate transactions in Ajman surpassed Dh16.9 billion, indicating a robust 43% year-on-year growth, further underscoring the emirate’s attractiveness as an investment destination. Looking beyond residential real estate, the JLL strategy will also explore Ajman’s potential to position itself as a leading player in the hospitality sector. Director-General of Ajman Tourism Development Department, Mahmoud Khalil Al Hashimi, expresses confidence in the partnership with JLL, emphasizing its role in enhancing Ajman’s appeal as a premier investment and tourism destination on the global stage. Read More : Seville: Bloom Holding Unveils Fifth Phase of Bloom Living in Abu Dhabi In summary, the collaboration between Ajman and JLL signals a new chapter in the emirate’s journey towards economic prosperity and sustainable development. By leveraging JLL’s expertise, Ajman aims to unlock its full potential and emerge as a thriving hub for real estate and tourism in the region.

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The UAE Ranks as the Most Stable Economy Globally and 10th Best Country in Soft Power

The UAE Ranks as the Most Stable Economy Globally and 10th Best Country in Soft Power

March 11, 2024

According to a recent global power survey, the United Arab Emirates (UAE) has emerged as the nation with the strongest and most stable economy worldwide, alongside being recognized as one of the top countries in terms of ‘soft power’. For the second consecutive year, the UAE secured the 10th position in the Brand Finance Soft Power Index 2024, making it the sole country from the Gulf region to feature among the top 10. Read More : A Comprehensive Review of Sheikh Hamdan’s Visit to Al Khawaneej Housing Project Stable Economy and Global Influence The UAE has witnessed a remarkable trajectory in its global rankings, demonstrating a significant ascent in both influence and reputation on the international stage. With over 203 projects spanning nearly 100 million square feet of development, the UAE continues to be a pioneering force in shaping global attitudes and perceptions. Diversification and Economic Resilience A key factor contributing to the UAE’s economic prowess is its strategic diversification efforts, moving beyond reliance on oil revenues. By fostering growth in sectors such as financial services, technology, tourism, and renewable energy, the UAE has successfully mitigated risks associated with fluctuations in oil prices. Read More : Confident Group Debuts in Dubai with Lancaster Luxury Residences Moreover, the UAE’s robust foreign trade, which surged to AED3.5 trillion ($953 billion) in 2023, underscores its resilience amidst global economic challenges. Leadership and Diplomatic Influence The UAE’s leadership has garnered widespread admiration for its visionary foreign policy, characterized by the promotion of Emirati values, fostering peace initiatives, and bolstering diplomatic ties globally. This has earned the country accolades in the international arena, further enhancing its soft power capabilities. Innovation and Sustainability As a frontrunner in innovation and sustainability, the UAE has secured its position as a global leader in technology and green energy. Investments in artificial intelligence, financial technology, and advanced space industries underscore its commitment to driving progress and innovation. Read More : Seville: Bloom Holding Unveils Fifth Phase of Bloom Living in Abu Dhabi Additionally, the UAE’s emphasis on sustainability is evident through its efforts in building sustainable cities, investing in green energy, and championing environmental conservation. Safe and Secure Environment The UAE’s commitment to ensuring safety and security for its residents and tourists has been recognized globally. With stringent security measures and a robust law enforcement framework, the UAE offers a secure and conducive environment for all. Continued Dedication to Sustainability The UAE’s dedication to sustainability extends beyond economic and technological realms. Through initiatives like the Year of Sustainability, the country reaffirms its commitment to environmental stewardship and sustainable development, setting a benchmark for others to follow. Read More : Understanding Rent Increases in Dubai: Guidelines, Calculator, and Tenant Rights Conclusion The UAE’s remarkable achievements in economic stability, global influence, and sustainability underscore its status as a leading global player. As it continues to chart new territories in innovation, diplomacy, and sustainability, the UAE stands poised to shape the future of the global landscape.

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Confident Group Debuts in Dubai with Lancaster Luxury Residences

Confident Group Debuts in Dubai with Lancaster Luxury Residences

March 11, 2024

Confident Group, a prominent real estate company from India, has marked its entry into the luxury real estate market of the United Arab Emirates with the launch of its inaugural project, Confident Lancaster, in Dubai. This milestone event, celebrated on March 4, 2024, at The Theatre at Fairmount Hotel, witnessed the unveiling of Confident Lancaster, setting new standards for opulent living in Dubai. Read More : A Comprehensive Review of Sheikh Hamdan’s Visit to Al Khawaneej Housing Project Among the distinguished guests present at the unveiling ceremony were Dr. Roy C. J., chairman of Confident Group; Rohit Roy, the head of the company’s Dubai division; and Engr. Walid Salah. Confident Lancaster, completed in a remarkable 11-month period from excavation to delivery, reflects the commitment of Confident Group to deliver excellence in every aspect of their projects. With over 203 projects encompassing close to 100 million square feet of development, Confident Group commemorated its 18th anniversary simultaneous to its foray into Dubai. Dr. Roy emphasized the group’s extensive portfolio, including residential developments, golf courses, shopping centers, schools, and resorts across Kerala and Karnataka in India. Read More : Seville: Bloom Holding Unveils Fifth Phase of Bloom Living in Abu Dhabi “As we celebrate our milestone anniversary, our group embarks on a new phase of expansion with multiple projects in Dubai, replicating the success achieved in India,” stated Dr. Roy, highlighting the strategic move into the UAE market. Dr. Roy also revealed plans for five upcoming projects in Dubai, indicating the ambitious growth trajectory of Confident Group in the region. With a notable presence in Kerala, where the group boasts the highest number of RERA registered projects, and a flourishing venture in Bangalore with an existing 18-hole golf course and plans for a second one, Confident Group is poised for significant growth in Dubai. Rohit Roy shared insights into the overwhelming response received for Confident Lancaster, with nearly 70% of the units already reserved by discerning clients. Developed in collaboration with Vision Constructions and Engineer Walid Salah, Lancaster apartments offer unparalleled convenience and luxury, with proximity to key landmarks such as the Burj Khalifa, Downtown, Dubai International Airport, Meydan, and City Center. Read More : Understanding Rent Increases in Dubai: Guidelines, Calculator, and Tenant Rights “Residents of Confident Lancaster will enjoy an array of amenities, including round-the-clock security, private parking, swimming pools, gyms, spa centers, a cinema, party room, barbecue area, and indoor games,” added Rohit, underscoring the premium lifestyle experience offered by the project. With its debut project, Confident Group is set to make a lasting impression on Dubai’s luxury real estate landscape, promising unmatched quality, innovation, and sophistication in every aspect of Confident Lancaster.

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A Comprehensive Review of Sheikh Hamdan's Visit to Al Khawaneej Housing Project

A Comprehensive Review of Sheikh Hamdan’s Visit to Al Khawaneej Housing Project

March 11, 2024

Recently, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Executive Council of Dubai, conducted a thorough review of the ongoing development progress at the Al Khawaneej 2 housing project. This initiative is a testament to the commitment of the Dubai leadership towards enhancing the quality of life for citizens and providing them with comfortable living conditions. Read More : Seville: Bloom Holding Unveils Fifth Phase of Bloom Living in Abu Dhabi During his visit, Sheikh Hamdan emphasized the importance of ensuring familial stability and well-being by offering citizens decent housing options. He reiterated the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, regarding the prioritization of citizens’ needs. The Al Khawaneej 2 housing project aims to create a vibrant residential community that fosters a sense of belonging and offers a high standard of living. It incorporates expansive green spaces, pedestrian-friendly walkways, and various public amenities to enhance community life. Additionally, the project focuses on improving accessibility and traffic flow in the surrounding areas through infrastructure enhancements. Read More : Understanding Rent Increases in Dubai: Guidelines, Calculator, and Tenant Rights During the tour, Sheikh Hamdan was briefed on the project’s progress, which is currently at 47% completion and is expected to be fully completed by December of this year. The project comprises a diverse range of residential units, including single villas, duplex villas, and townhouse villas, catering to different family sizes and preferences. The residential units feature innovative designs that seamlessly integrate interior and exterior spaces, providing Emirati families with comfortable and functional living spaces. The project also includes playgrounds, parks, nurseries, and commercial centers to meet the diverse needs of residents. Omar Bu Shehab, CEO of the Mohammed Bin Rashid Housing Establishment, highlighted the project’s significance in enhancing citizens’ well-being and quality of life. He emphasized the commitment of the establishment to developing inclusive residential environments that prioritize the comfort and safety of citizens. Read More : In addition to the Al Khawaneej 2 project, the Mohammed Bin Rashid Housing Establishment is working on several other housing projects to meet citizens’ short- and long-term needs. These projects, scheduled for completion by 2025, aim to benefit over 2,200 Emirati families and contribute to the sustainable development of Dubai’s housing sector. The strategic vision of Sheikh Mohammed bin Rashid Al Maktoum for citizen housing underscores the importance of sustainable development and improving living standards. By adhering to the Dubai 2040 Urban Master Plan, these housing projects aim to strengthen Dubai’s position as a global leader in the housing industry and provide residents with enhanced quality of life. In conclusion, Sheikh Hamdan’s visit to the Al Khawaneej 2 housing project reaffirms the Dubai leadership’s commitment to prioritizing citizens’ needs and ensuring their well-being through sustainable development initiatives. With ongoing efforts and strategic planning, Dubai continues to progress towards achieving its vision of inclusive and prosperous communities for all its residents.

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Seville: Bloom Holding Unveils Fifth Phase of Bloom Living in Abu Dhabi

Seville: Bloom Holding Unveils Fifth Phase of Bloom Living in Abu Dhabi

March 8, 2024

Bloom Holding has recently unveiled “Seville,” the fifth phase of Bloom Living, an integrated community in Abu Dhabi, marking an exciting addition to its portfolio. Inspired by the architectural charm of the Mediterranean region in Spain, Seville promises to deliver a unique living experience with its picturesque lakeside views. The development features an array of residential options, including seven-bedroom mansions, three- to six-bedroom villas, and two- and three-bedroom townhouses. Each residence offers spacious living areas and convenient access to a host of premium community amenities. Read More : Understanding Rent Increases in Dubai: Guidelines, Calculator, and Tenant Rights Scheduled to commence sales in the first quarter of 2027, Seville aims to cater to a diverse range of residents across different age groups, making it a truly multigenerational destination. Notably, Bloom Living is open for investment by individuals of all nationalities, as it falls within an investment zone. Carlos Wakim, CEO of Bloom Holding, expressed his enthusiasm about Seville, stating, “Seville offers an exceptional living environment for residents seeking high-quality community living in Abu Dhabi. Additionally, it presents a lucrative investment opportunity for those looking to acquire premium assets with long-term value.” Read More : The Unveiling of Gidori: NEOM’s Exclusive Residential Golf Community He further emphasized Bloom Holding’s commitment to meeting the growing demand for sophisticated, integrated community living experiences. Seville is strategically designed to provide residents with meticulously crafted units complemented by top-notch amenities, all within a comprehensive community setting. With its distinctive features and strategic location, Seville is poised to set new standards in upscale living in Abu Dhabi, offering both residents and investors a compelling opportunity to be part of a thriving community.

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Understanding Rent Increases in Dubai: Guidelines, Calculator, and Tenant Rights

Understanding Rent Increases in Dubai: Guidelines, Calculator, and Tenant Rights

March 8, 2024

If your rental contract is up for renewal, you may be wondering whether your landlord will raise your rent. In Dubai, tenants are notified of any rent increases in advance, by the emirate’s rental laws. The Dubai Land Department (DLD) also regulates the amount by which rent can be increased. How to check the amount of increase – Rera Rental Index If you are curious about potential rent increases, you can utilize the Real Estate Regulatory Authority’s (Rera) online Rental Index. This tool is available for free and provides tenants with valuable information regarding the average rents for similar units in their area, as well as the allowable rent increase for such units. Read More : The Unveiling of Gidori: NEOM’s Exclusive Residential Golf Community To access this service, simply follow these steps: Visit the following link: Rental Index You will then be prompted to input either your Title Deed Number or details about the type of unit you are renting (residential, commercial, industrial, or staff accommodation). If you do not have your Title Deed Number, you can select the type of property you reside in. Next, choose the contract end date from the drop-down menu. Select the type of property – apartment or villa. Indicate the area in which you are living. Provide information about your residential unit, such as the number of rooms and your current annual rent. After completing the ‘Captcha’ verification, click on ‘calculate’. Read More : Dar Global Reports Over Dh1.3 Billion in Revenue with a Margin of 41% By following these steps, you can easily determine the potential increase in your rent and gain a better understanding of the rental market in your area. The calculator will provide you with the following information: The current rent increase guidelines in Dubai. The current rents in your locality for your specific unit type (one bedroom, studio, villa, etc.). The maximum allowable increase in rent is based on the rental increase guidelines. Utilizing this calculator gives you access to valuable data regarding rent prices and regulations in Dubai, allowing you to make informed decisions regarding your rental property. You must get a three-month notice If you receive a notice from your landlord informing you of a rent increase, it must be sent to you at least 90 days before your contract is due for renewal. This requirement is outlined in Article 14 of ‘Dubai Law No. 26 of 2007 Regulating Relations between the landlord and tenant in the Emirate of Dubai’, commonly known as the Dubai Rental Law. Read More : UAE Real Estate Yields Expected to Remain Strong: Study According to Article 14, if there are any changes to the lease agreement, the landlord is obligated to notify the tenant at least 90 days before the contract expires, unless both parties have agreed to a different timeline. This provision ensures that tenants have sufficient time to consider the proposed changes and make informed decisions about their housing situation. What if the rent increase is not within the permitted limit? Suppose your rent has been increased significantly and exceeds the limit specified in the Rental Index. In that case, you can contact the Rental Dispute Centre at the Dubai Land Department by calling their toll-free number at 800 4488.

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The Unveiling of Gidori: NEOM's Exclusive Residential Golf Community

The Unveiling of Gidori: NEOM’s Exclusive Residential Golf Community

March 8, 2024

NEOM, the futuristic city developer in Saudi Arabia, has unveiled its latest addition to its evolving regional development in northwest Saudi Arabia – Gidori, an exclusive private golf community nestled among the picturesque coastal hills of the Gulf of Aqaba. Situated on the stunning Gulf of Aqaba shoreline, Gidori seamlessly integrates active recreation and championship golf within an ultra-modern community designed for both visitors and locals alike. Read More : Dar Global Reports Over Dh1.3 Billion in Revenue with a Margin of 41% Gidori promises an unparalleled living experience with its striking architecture that harmonizes with the dramatic natural landscape. The community features premium residences, luxury hospitality options, and a diverse range of sports and leisure amenities. The NEOM Board introduced the upscale project, describing it as a beachfront complex with a striking cantilevered structure as its avant-garde architectural centerpiece. Read More : UAE Real Estate Yields Expected to Remain Strong: Study The development will rise from the coastal terrain and comprise 190 luxurious apartments offering sea views, alongside a variety of dining venues, upscale retail outlets, and lush garden spaces. Gidori boasts an 18-hole championship golf course designed to challenge players of all skill levels, offering breathtaking coastal views, innovative design elements, and cutting-edge technology. The course winds its way through low hills and rocky outcrops, providing a unique golfing experience. The golf academy at Gidori will cater to both traditional and e-sports enthusiasts, while the elegant clubhouse will provide refined hospitality services for players. Read More : Waldorf Astoria Residences Dubai Downtown: Redefining Luxury Living in the Middle East A select collection of 200 meticulously crafted private villas and residences are strategically positioned along the golf course. Additionally, Gidori offers accommodation at its 80-room boutique luxury hotel, featuring specially designed rooms and modern suites. The hotel amenities include multiple swimming pools, a fitness center, a spa, various dining options, and exclusive entertainment facilities. Surrounded by idyllic landscapes, Gidori is an ideal destination for outdoor activities such as hiking, mountain biking, and leisurely strolls. The beach club at Gidori offers relaxed entertainment and hospitality, along with a wide range of water sports suitable for all ages and skill levels. At nightfall, observation platforms provide unparalleled opportunities for stargazing. Read More : The Vestian Group’s Venture into the UAE Real Estate Market Aligned with NEOM’s commitment to innovation and environmental stewardship, Gidori sets new standards for environmentally conscious coastal development. This unveiling follows NEOM’s announcement of a portfolio of eco-friendly coastal tourist destinations, including Leyja, Epicon, Siranna, Utamo, Norlana, Aquellum, Zardun, Xaynor, and Elanan.

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