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Deyaar launches residential project at Dubai Science Park

Deyaar has announced plans for a new 18-storey residential project in Dubai.

Bella Rose will be located in Dubai Science Park in Al Barsha South and will feature studio, one and two-bedroom apartments. The building will include a pool, gym, sports facilities and outdoor leisure areas

Early bird’ prices start at AED 449,777 and Deyaar will cover your 4% Dubai Land Department fees.

It costs AED 10,000 to reserve a unit at Bella Rose and there are several payment plans to choose from, including one that lets you pay up to 50% of the price post handover.

Gems World Academy is around five minutes away from the project site, according to the developer, and it will take residents 12 minutes to get to Mall of the Emirates by car.

 

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New good conduct certificates will help landlords evaluate tenants

Dubai Rental Disputes Centre (RDC) has launched a Rental Good Conduct (RGC) certificate service designed to reduce disputes between tenants and landlords.

From the property owner’s perspective, it could help to identify tenants who may have had problems honouring rental cheques in the past.

The new service implements the initiatives offered by the centre to reduce rental disputes and was initiated following the monitoring of several cases where a tenant rents a unit and only pays the first installment of the agreed total cost,” said HE Judge Abdulqader Mousa, Director of RDC.

At the end of the contract, the same person rents another unit and repeats the act in other properties, exposing the leaser to severe losses. This service will assist real estate management companies in finding rental information of a person they intend to contract with and avoid such mishaps.”

You can access the service by downloading the RDC application from the Apple Store or Google Play, and choosing one of three options: inquiry on tenant, inquiry on leaser or inquiry on request status.

As well as helping property owners, the service would also alert tenants to potentially problematic landlords. Tenants can also find out if there is a complaint against them, a situation that can result in travel bans or account seizures.

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Dubai property brokers made USD 229 million in the first nine months of 2018

Dubai Land Department (DLD) has announced that property brokers in Dubai made commissions worth USD 229 million (AED842 million) in the first nine months of 2018.

A total of 18,121 transactions were carried out during the period between January and September.

Research compiled by the Department of Real Estate Studies and Research of Dubai Land Department showed brokers making AED 429 million from land sales, AED 73 million from building sales, and AED 340 from residential sales.

Yousif Al Hashimi, deputy CEO of the Real Estate Regulatory Agency (RERA), said: “Brokers play an important role in attracting international investors to Dubai’s real estate market, highlighting the market’s unique characteristics.

“DLD developed a comprehensive system to protect the rights of brokers in every successfully concluded transaction between the selling and buying parties. Brokers are among our most important partners, especially as they exercise their duties with the highest degree of honesty and integrity while adhering to the procedures and standards set by DLD.”

The number of accredited permits issued by DLD to real estate brokers totalled 4,686.

Dubai’s property market has been softening recently, with sale prices and rental rates falling year on year.

According to Chestertons’ Q3 2018 Observer, average apartment and villa prices were down 6% in Dubai in Q3 compared with the previous quarter. Average rents declined at a lower rate, down 4% in Q3 compared with Q2.

The fall in values is a result of additional supply coming to the market, giving buyers and tenants more choice.

Around 10,000 units are expected to be delivered before the end of the year and 70,000 units before Expo 2020. This pipeline of new supply should help to keep sales and rental rates under control.

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DLD promotes Dubai real estate to US buyers

Dubai Land Department (DLD) has opened an office in New York in partnership with Aqari Global Ltd ‘Century 21’ to promote Dubai real estate to American buyers.

Speaking at the inauguration of the real estate promotion trustee office, HE Sultan Butti bin Mejren, Director General of DLD, said Dubai is one of the ten fastest-growing real estate markets in the world with a legal structure that protects investors.

“The new office will contribute to promoting investment opportunities in Dubai’s real estate market in light of the Emirate’s unique advantage over other markets, in addition to the high returns on investment, whether for investors or real estate developers, compared to other cities around the world,” Bin Mejren said.

Bin Mejren stressed that Dubai is one of the ten fastest-growing real estate markets in the world with the infrastructure, security, and safety it provides for investors, supported by DLD’s unique legal structure to enhance investors’ security.

HE Majida Ali Rashid commented: “We work to position Dubai as the world’s premier real estate destination and a byword for innovation, trust and happiness, as well as to maintain the attractive investment opportunities US nationals can obtain in Dubai’s real estate market and the services offered by Dubai Real Estate Institute to agents and brokers in the US,” Rashid said.

“The office will also work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors.”

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Why Dubai Office Space May Make For A Smart Investment

Dubai office space may be a good place to invest your money, according to real estate investment specialist, JLL.

In a new report, the company says two key announcements made in the second quarter of 2018 are likely to boost demand for office space in the city in the medium term.

These include a reduction in the fee charged on businesses by Dubai Municipality from 5% to 2.5% and the relaxation of existing regulations to allow 100% foreign ownership in businesses outside free zones.

“These new government announcements should help improve market sentiment and have the potential to directly increase investment and office occupancy across the emirate,” said Craig Plumb, Head of Research, JLL MENA. “The potential surge in foreign investment, particularly from businesses operating in the non-oil sector, could ultimately lead to a boost in demand for quality commercial space.”

Plumb said the amount of office space available in the central business district has increased over the past year and around 10% of stock is vacant. Demand may start to increase as the new foreign ownership rules come onto the statue books.

JLL recently singled out Dubai for its improved level of market transparency in its latest JLL Global Real Estate Transparency Index.

The company commended initiatives such as the building classification project, improved regulatory procedures, new and enhanced online apps for managing contracts and broker information, and unified lease forms.

While Dubai wasn’t individually ranked in the report, which looks at countries as a whole, the UAE moved up eight places to 40th out of 100 markets covered in the index.

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First Phase Of Danube Lawnz Sells Out In Five Weeks

Danube Properties has announced that the first phase of its Danube Lawnz project in Dubai International City is already sold out.

The developer opened sales for off-plan units at Danube Lawnz just five weeks ago, with prices starting at AED 290,000. Once all phases are complete, in total, the project will be worth AED 550 million.

Danube said that the sell-out, which occurred during the traditionally slower summer months, highlighted the demand for reasonably priced properties in Dubai.

“The sell-out of the Lawnz in the hot summer months – a very quiet and low season for business – is a live demonstration of the public faith in the Danube brand,” said Rizwan Sajan, founder and chairman of Danube Group.

“This is also a strong testimony of the fact that there is no shortage of buyers if the properties are offered at the right location, right price, right payment plan and the right delivery schedule.”

Danube Lawnz will eventually be made up of 1,032 units spread across a dedicated area in International City. Amenities will include a swimming pool, health club, steam and sauna room, jogging track, sports courts, and a promenade with restaurants and retail offerings.

If you wanted to get in on the Danube Lawnz action, however, you can take comfort in the fact that phase one amounted to around half of the total inventory available for the project. The developer has not said when the second phase of units will be available for sale.

Construction for Danube Lawnz is expected to begin later this year, with the project set for completion by 2020.

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8 Ways To Renovate Your Kitchen In The UAE

These top tips from The Big Fitout will save you time and money on your kitchen renovation in Dubai.

The kitchen is the heart of any home, so it’s little wonder that UAE residents want their kitchens to be at their very best.

Indeed, according to mortgage and home finance experts in Dubai, the most popular home improvements for new homeowners are carried out in the kitchen. Some local banks even advise setting aside additional budget for kitchen improvements when saving up for a deposit on a new home.

RELATED: Ready for some home improvements? Renovate your home VAT-free with The Big Fitout! Just use discount code YALLA5 on enquiry! 

Either way, if you’re going to renovate your kitchen, it pays to do your research ahead of time. That’s why we’ve asked The Big Fitout, a Dubai-based, British, design-and-build fitout company, for its take on how to do kitchen renovations properly.

The Big Fitout specialises in kitchen and bathroom renovations, and has an amazing portfolio of work on residential villas – as you can see from these pictures. As a result, the team really know their stuff, so it’s worth taking their advice on board before jumping in at the deep end.

Kitchen renovation Dubai

Hire a professional

You may be tempted to take the DIY route, but a professional will always do a better job. Ideally, you want a company that will understand the look and feel that you want from your kitchen, and then create a design that fits the brief. Opt for someone who’s willing to show you in-depth designs and 3D models before the renovation has even begun, and has demonstrated an ability to follow through on those designs with previous projects.

Kitchen renovation Dubai

Have a plan and stick to it

This is where having a professional on board really pays dividends. If your designing and 3D modelling is done correctly, you’ll have the perfect blueprint for a brand-new kitchen. And you’ll know exactly how much the renovation will cost, what materials you’ll need, the sort of labour you’ll be using, and how long the whole thing will take. Deviating from the plan is how many projects turn sour, so it’s worth spending a little bit of extra time (and money if necessary) to get this part right.

Kitchen renovation Dubai

Make the most of your space

This is kind of an obvious one – and something you’d hope your professional fitout firm would manage. But you’d be surprised at how many kitchens suffer from wasted space. Work out what you use in your kitchen, and how often, and plan the space around that. Perhaps you’re often cooking for four people or more, in which case you’ll need easy access to larger pots and utensils. Or maybe your kitchen is less about cooking, and more about relaxing, in which case you’ll need comfortable seating and plenty of surface space. Either way, it’s worth noting down how you use your kitchen from day to day and working out where improvements can be made.

SEE ALSO: Ready for some home improvements? Renovate your home VAT-free with The Big Fitout! Just use discount code YALLA5 on enquiry! 

Kitchen renovation Dubai

What’s on the island?

The island is often a major feature in any kitchen remodel, but to really create a kitchen island you love, you’ll need to work out what you’ll most likely use it for. Will it be a place to eat quick meals, or will it be your main cooking station? If it’s both, you’ll need to ensure there’s enough space between the dining area of the island and the cooktop. Go over some options with your fitout company and work out what would suit your family best.

Kitchen renovation Dubai

Do you need all of that storage?

It’s always great to have a lot of storage available, but if your kitchen features five cupboards that are pretty much empty, it’s clear you don’t need as much storage as you’ve got. Consider rearranging the storage to create free blocks of space that could be put to better use. Maybe you could trade a few empty cupboards for some much-needed surface space. Or, if the opposite is true, and your kitchen is overflowing, have some more cupboards put into the design of your new kitchen.

Kitchen renovation Dubai

Materials matter

If you’ve always dreamt of a kitchen in which every surface is made of luxurious marble, you’ll probably be disappointed to hear that such a thing won’t come cheap. Thankfully, there are plenty of other amazing materials to work with that won’t break the bank. Set your budgets, and your fitout company will be able to come up with an amazing design for the price you want to pay.

Kitchen renovation Dubai

Don’t scrimp on fitted appliances

We get it, fitted appliances are just cool. But they’re not so great when the fridge door won’t sit flush against the cupboard, or when the dishwasher goes and your maintenance man can’t access it. When it comes to fitted appliances, it pays to spend a little bit on both high-quality white goods and high-quality workmanship. That way you won’t see any of the usual drawbacks further down the line.

Kitchen renovation Dubai

Use light to make your small kitchen bigger

If your kitchen isn’t quite as big as you’d like it to be, you can still create an inviting and comfortable space out of it. In smaller spaces, you’ll want to use light colour schemes and materials, as darker colours tend to close the space off even further. Clever design paired with plenty of light will mean you’ll never want to leave your new kitchen. Cosy, rather than small, is what you want.

Ready for some home improvements? Renovate your home VAT-free with The Big Fitout! Just use discount code YALLA5 on enquiry!