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Citizen Housing Benefits Worth $2.1 Billion Announced by Abu Dhabi on the 52nd Union Day

Citizen Housing Benefits Worth $2.1 Billion Announced by Abu Dhabi on the 52nd Union Day

December 4, 2023

In commemoration of the UAE’s 52nd Union Day, Abu Dhabi has unveiled a substantial housing benefits package totaling AED 7.6 billion ($2.1 billion). This initiative, aligned with the vision of the wise leadership, reflects the continuous commitment to fulfilling citizens’ aspirations and ensuring a decent life alongside family and social stability. Visit The Properties for Sale in Dubai : Click Here As per the announcement by Wam, the comprehensive package is set to positively impact over 5,685 individuals in the emirate, with a primary focus on housing loans of all kinds valued at AED 6 billion. Notably, 3,714 UAE citizens have already benefited from these housing loans, demonstrating the commitment to providing accessible housing options. For low-income retirees and the families of those who passed away in 2023, a compassionate approach has been adopted, exempting them from the obligation to repay their loans. This empathetic measure reflects the leadership’s dedication to supporting citizens during challenging times. A dedicated portion of over AED 573 million from the package has been allocated to benefit 549 Emiratis, showcasing the inclusivity of the initiative. Further, 1,422 UAE nationals have received residential lands and ready-made houses valued at over AED 950 million, which includes funding for essential infrastructure projects supporting these residential areas. In total, 9,292 UAE citizens stand to benefit from this housing package, elevating the cumulative value of housing benefits distributed in Abu Dhabi for the year 2023 to an impressive AED 13.44 billion. This underscores the commitment of the government to fostering happiness, comfort, and family stability for UAE families. Visit The Properties for Rent in Dubai : Click Here The housing benefits were approved for disbursement by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, following the orders of President HH Sheikh Mohamed bin Zayed Al Nahyan, the Ruler of Abu Dhabi. Mohamed Ali Al Shorafa, Chairman of the Board of Directors of the Abu Dhabi Housing Authority and Chairman of the Department of Municipalities and Transport, lauded the wise leadership’s sustained support for the housing sector. He emphasized that the Abu Dhabi Housing Authority is diligently working to translate these directives into impactful programs and services that contribute to the vision of the wise leadership, ultimately enhancing the well-being and stability of UAE families.

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The UAE’s Aldar Properties has acquired London Square, its first deal outside the Middle East

Aldar Properties Achieves Milestone with Acquisition of London Square, Expanding Global Footprint

December 4, 2023

In a landmark move, Aldar Properties, the leading UAE developer, has successfully completed the acquisition of London Square, a prominent UK developer, marking its second significant foreign venture. This Dh1.07 billion deal (equivalent to 230 million pounds) underscores Aldar’s commitment to accelerating growth, diversifying revenue streams, and seizing cross-selling opportunities. Visit The Properties for Sale in Dubai : Click Here Aldar’s strategic decision aligns with its focus on expanding direct interests in mature overseas markets, with the vibrant and dynamic London property market being a key target. The move provides Aldar with a meaningful foothold in London, renowned for its resilience and enduring appeal to both local and international investors. Talal Al Dhiyebi, Group CEO of Aldar Properties, emphasized the importance of this international expansion strategy, stating, “Our recently announced international expansion strategy centers on exploring opportunities to acquire or partner with established operating platforms in our target markets.” London Square, supported by Ares Management and founded in 2010, boasts a substantial portfolio with over two billion pounds in development plans. Having completed projects valued at 425 million pounds, including the iconic Nine Elms development near Battersea Power Station, London Square has 3,500 homes completed and 930 under construction. The Nine Elms development, located at the heart of central London’s largest regeneration area, features luxury residences, affordable housing, rental apartments, and commercial and retail spaces. Aldar anticipates a positive impact on its sales through cross-selling opportunities across both companies’ diverse international customer networks. Visit The Properties for Rent in Dubai : Click Here Adam Lawrence, founder and Chief Executive of London Square, expressed excitement about the acquisition’s potential impact on addressing the UK housing shortage, stating, “We look forward to playing a leading role in tackling the (UK) housing shortage by providing more much-needed homes in the capital and surrounding areas where there is a continuing lack of supply.” With Aldar’s robust supply pipeline, recent project launches in Ras Al Khaimah and Dubai, and a prosperous year marked by strategic investments, the acquisition of London Square solidifies Aldar Properties’ position as a global real estate powerhouse.

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Unlocking Lucrative Returns: Investing in Dubai’s School Districts

November 29, 2023

A recent study reveals that strategic investments in prominent school districts in Dubai, such as Mohammad Bin Rashid City and Al Khail, can yield impressive returns of up to 43.7% over a five-year horizon. In addition to offering attractive annual rental yields of approximately 6%, residential projects situated near reputable schools boast returns on investments ranging from 22.5% to 39.6% over a three-year span. Visit the properties for sale with NBS Real Estate : Click Here : Realiste, a Dubai-based prop-tech company with global operations, conducted AI-based research highlighting schools like Sunmarke School in Jumeirah Village, GEMS Wellington Academy in Al Khail, and Hartland International School in Mohammad Bin Rashid City as catalysts for exceptionally high real estate investment returns. Anastasia Denisova, CEO of Realiste – MENA, emphasized, “Dubai’s world-class education, high-end healthcare, recreational facilities, and multicultural atmosphere make it a family-friendly city, paving the way for potential top-notch returns on investments in residential projects in these sought-after areas.” Dubai’s education affordability, compared to other developed countries, is a key factor. Realiste estimates the average annual tuition fees for an international school in Dubai at $5,830 (AED 21,400), significantly lower than the US ($38,000) and Switzerland ($48,000). Sobha Group Takes the Lead Sobha Hartland and Sobha Creek Vista Heights, upscale residential developments at the heart of Mohammad Bin Rashid City, lead the table with projected returns of 43.7% and 39.6% over 5 and 3 years, respectively. Visit the Properties for Rent with NBS Real Estate : Click Here : In Sobha Hartland, the average price per square foot is $552, while in Creek Vista Heights, it is $525. The strategic proximity of Sobha Group’s The Hartland International School enhances the appeal of these projects, offering courses based on the UK National Curriculum. Benefiting from prestigious school adjacency, other luxury residential projects like Dubai Hills Estate, Greenside Residence by Emaar, and Jumeirah Village Triangle are poised for high investment returns. Over a three-year period, investors can anticipate a return of 22.5% from Dubai Hills Estate, situated near GEMS Wellington Academy in Al Khail, and 26.9% from Greenside Residence by Emaar. Dubai Hills Estate is estimated to cost $607 per square foot on average, while Emaar’s Greenside Residence is projected at $548. Visit Either the Off-plan Properties or the Under Construction properties here : Click now to visit the Latest Properties  Realiste’s research predicts a 28.6% return on investment in Jumeirah Village Triangle, close to Sunmarke School, and a 26.1% return in Altai Tower at JVT, a Tiger Properties residential development, over three- and five-year periods, respectively. The AI-driven Realiste study concludes, “Residential projects in proximity to well-known schools in Dubai are expected to experience, on average, a 25% increase in prices over a five-year period.

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Exclusive Pricing Unveiled for Eywa, Dubai’s Premier Luxury Residence

November 29, 2023

The pricing details for residences at Eywa, a cutting-edge luxury development in Dubai by the esteemed real estate developer R.evolution, have been disclosed. Eywa, a pioneering residential project committed to enhancing well-being, is set to redefine urban living in Dubai. This groundbreaking venture is under the supervision of Open AD, the visionary concept and design architect, with Brewer Smith Brewer Group (BSBG) acting as the executive architect. Christie’s International Real Estate Dubai has been selected as the exclusive real estate broker, ensuring unparalleled service and expertise. Visit the Properties for Rent with NSB Real Estate in Dubai : Click Here Flexible Payment Plans Prospective buyers can opt for Eywa’s flexible payment plans, which allow for a 40% payment upon completion and the remaining 60% in convenient installments. The detailed payment breakdown is as follows: Initial Booking: 10% payment SPA Signing: 10% payment + 4% DLD 90 Days from SPA: 10% payment 120 Days from SPA: 10% payment 20% Construction Completion: 10% payment 40% Construction Completion: 10% payment Project Completion: 40% payment Eywa’s Prime Location Nestled alongside the Dubai Water Canal, Eywa presents a selection of two to five-bedroom apartments with panoramic views of the Burj Khalifa, Downtown Dubai, and the Dubai Canal. This boutique 19-story building, featuring 46 apartments and 2 penthouses, is designed to foster harmony and the well-being of the community. The residences boast spacious living rooms, family rooms, walk-through closets, service kitchens, front-of-house kitchens, and en suite bathrooms. Visit the Properties for Sale with NBS Real Estate : Click Here With 1,450 crystals integrated into its structure to promote well-being, Eywa stands out by incorporating the principles of Vastu Shastra. This ancient practice aims to dispel negative energy and enhance positive energy, resulting in reduced conflict and improved focus. Eywa’s architecture draws inspiration from organic elements, such as the Southern Pillar of Heaven in China and the banyan tree. Notable features include organic branch weaving, interlocking roots, circular columns, and the use of plants for sustainable living in the façade. Modern Amenities Eywa offers an array of modern amenities, including a spa, movie theater, library, swimming pools, kid-friendly zones, fitness centers, lounges, and yoga spaces. Visit the Properties those are Either Off-Plan or Under Construction : Click Here Emphasizing sustainability, Eywa holds LEED Platinum and WELL Platinum certifications, ensuring a healthy environment. Scheduled for completion in Q1 2026, Eywa prioritizes a harmonious urban landscape, green spaces, and energy efficiency. Prices for Luxurious Residences at Eywa Dubai 2-bedrooms: Approximately 10+ million 3-bedrooms: Approximately 18+ million 4-bedrooms: Approximately 23+ million 5-bedrooms: Approximately 42+ million Penthouses: Price on request

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A Historic Land Sale in Jumeirah Golf Estates Surpasses Dh300 Million

Indians Take the Lead as Top Real Estate Investors in Dubai, Overtaking British Investors

November 28, 2023

Hey there! Big news in the Dubai real estate scene—Indians have officially taken the crown as the largest investors, surpassing even the British. It’s a game-changer, and it’s shaping the landscape of the real estate industry in the region. Visit the Properties For Sale in Downtown : Click Here According to the latest Betterhomes Residential Market Report, Indians now lead the pack in buying new homes, whether for end-users or investors eyeing the Golden Visa perks. They weren’t at the top spot in the first quarter, but by June and September, they claimed the throne from the British, who were leading initially. The dynamics shifted, thanks to factors like Russia’s geopolitical situation and the rising wealth of Indian investors. Richard Waind, the CEO of Betterhomes, noted, “Whether it’s driven by end-user demand or investors seeking higher yields, Indians have played a crucial role in driving new home purchases.” Interestingly, Russians, who had been in the top three for the past 18 months, dropped out due to the declining ruble, but this gap was more than filled by Indian and British nationals, many of whom see property investment as a ticket to the Golden Visa. The Golden Visa allows investors and their families to reside in Dubai for up to five years, with the option to extend. One of the key requirements is owning a residential property valued at around two million dirhams (approximately Rs 4.5 crore). Experts say Dubai remains a magnet for a diverse range of global buyers seeking a safe haven, tax efficiency, and lucrative investment opportunities. In the third quarter of 2023, Russians slid to the fifth position, with British and Indian nationals dominating as the top real estate buyers. Visit the Properties for Rent with us : Click here Despite economic challenges, Dubai continues to attract expats, with the population growing by almost 100,000 in the year to July. Richard Waind added, “With the UAE expected to attract 4,500 millionaires in 2023, rapid growth persists in the luxury segment.” The surge in demand is driving up real estate and rental costs. Estimates suggest Dubai’s premium real estate prices surged nearly 50% in the year ending June, maintaining its top position for the eighth consecutive quarter and marking a 225% rise since the pandemic low in the third quarter of 2020. So, in a nutshell, Indians are now the real estate power players in Dubai, and it’s not just about buying homes—it’s about shaping the city’s skyline and influencing its property market trends. Exciting times in the Dubai real estate story!

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Abu Dhabi's AED1.1 Billion Al Wathba Housing Project: A Milestone in Quality Living

Abu Dhabi’s AED1.1 Billion Al Wathba Housing Project: A Milestone in Quality Living

November 27, 2023

As part of a visionary government initiative, Abu Dhabi recently unveiled the monumental AED1.1 billion ($299 million) Al Wathba housing project, a testament to the commitment to providing high-quality homes for its citizens. Led by the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the project stands as a beacon of excellence in urban development. Introduction: The AED1.1 billion Al Wathba housing project, a cornerstone of the “Emirati Neighbourhood Initiative,” has set a new standard in residential development. Crafted to the highest international standards, the project focuses on sustainable designs aimed at enhancing the overall well-being and quality of life for its residents. Abu Dhabi Housing Authority’s Impact: Since its inception, the Abu Dhabi Housing Authority has played a pivotal role in empowering citizens with more than 39,000 residential plots and over 16,000 new homes. The cumulative value of delivered housing benefits has reached an impressive AED 141 billion ($38.4 billion), showcasing a commitment to addressing the housing needs of the community. View the Properties for Sale with NBS Real Estate : Click Here Community Amenities and Infrastructure: Spanning an expansive 875,000 square meters, the recent housing allocation includes not only 347 homes but also an array of community amenities. From 64 stores and four commercial complexes to four mosques accommodating 1,725 people and fifteen parks, the development exemplifies a holistic approach to community living. Leadership’s Directives: Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport and Chairman of Abu Dhabi Housing Authority, emphasizes that the Al Wathba housing project signifies a commitment to delivering the leadership’s directives. This initiative stands as a cornerstone in guaranteeing citizens’ access to quality housing. Housing Loans and Exemptions: Highlighting the authority’s comprehensive support, over 44,000 home loans have been authorized since its founding, aiding 4,000 recipients in receiving housing loan exemptions. This underscores a commitment to ensuring financial accessibility in the housing landscape. Real Estate Market Insights: Asteco’s report on the third quarter reveals the delivery of 1,000 residential units across multiple communities in Abu Dhabi’s real estate market. This reflects the dynamic nature of the region’s real estate sector, with continuous growth and development. View the Properties for Rent with NBS Real Estate : Click Here Conclusion: Abu Dhabi’s AED1.1 billion Al Wathba housing project not only marks a significant investment in infrastructure but also stands as a testament to the region’s dedication to enhancing the quality of life for its citizens. As the emirate continues to lead in sustainable urban development, the Al Wathba project sets a benchmark for excellence in the real estate landscape.

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Choosing Your Dream Home: The Ready-to-Move-In vs. Off-Plan Dilemma

Choosing Your Dream Home: The Ready-to-Move-In vs. Off-Plan Dilemma

November 27, 2023

Embarking on the journey to find your dream home is both thrilling and challenging. Among the many decisions you’ll face, the choice between a ready-to-move-in property and an off-plan investment is a pivotal crossroads. Let’s dive into the pros and cons of each, demystifying the age-old debate and helping you make an informed decision that aligns with your aspirations. Introduction: Setting the Stage Imagine this: You’re on the verge of making one of the most significant decisions of your life – choosing your dream home. Do you go for the instant gratification of moving into a ready-to-move-in property, or do you take the adventurous route of investing in an off-plan development, crafting your vision from the ground up? The Ready-to-Move-In Comfort: Instant Gratification Ready-to-move-in homes are like a warm embrace, offering instant comfort and familiarity. It’s akin to the feeling of unwrapping a present – what you see is what you get, no surprises. The appeal lies in the immediacy of settling into your new abode, with no waiting or uncertainties. The Pros: Quick Satisfaction: Move in, unpack, and start creating memories immediately. Known Environment: You can see and feel exactly what you’re buying, minimizing the risk of unexpected surprises. The Cons: Higher Upfront Costs: Ready-to-move-in properties often come with a premium price tag. Limited Customization: Personalization options may be limited compared to off-plan alternatives. Customization with Off-Plan: Building Anticipation On the flip side, off-plan properties offer a unique blend of anticipation and customization. It’s like embarking on a journey with a blank canvas, where you get to influence the outcome. The thrill lies in watching your vision come to life, from the architectural design to the finishing touches. The Pros: Personalized Vision: Customize the space according to your preferences and lifestyle. Potential Financial Benefits: Early investors may enjoy pre-launch prices or favorable payment plans. The Cons: Uncertain Timeline: Delays in construction or unexpected challenges can extend the wait. Higher Risk: The potential for changes in the market or project scope introduces an element of risk. Weighing the Financial Considerations Comparing the financial aspects of both options is crucial. Ready-to-move-in properties might seem more straightforward, but the long-term financial gains of an off-plan investment can be substantial. Consider upfront costs, payment plans, and potential returns on investment when making your decision. Navigating the Risks Off-plan investments come with their set of risks, primarily related to the timeline and potential market fluctuations. It’s essential to conduct thorough research on the developer’s track record and the economic stability of the region. The Market Factor: A Buffet of Options Understanding the current real estate market is pivotal. In a booming market, off-plan investments may yield significant returns. Conversely, in a saturated market, ready-to-move-in properties might be a safer bet. It’s like choosing from a market buffet – pick what suits your palate. Conclusion: Deciding Your Home Story In the end, the choice between a ready-to-move-in property and an off-plan investment is deeply personal. It hinges on individual preferences, financial considerations, and risk tolerance. Both options have their merits, and understanding the intricacies of each is key to making an informed decision. As you navigate this exciting chapter of your life, weigh the pros and cons, envision your future, and choose the option that aligns with your aspirations. Your dream home journey is unique, and whether you opt for instant comfort or an adventurous build, the destination is a place you can call your own.

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