Real estate | Dubai | AX CAPITAL

21 Jun 2024 16:00

What to consider when renting property in Dubai

In Dubai, additional expenses for the tenant average 15%–30% of the annual rent. These expenses include:

▫️Security Deposit

5% – for unfurnished property
10% – for furnished property

This amount is charged as a guarantee against property damage and is refunded when tenant vacates the property.

▫️Ejari Registration

From $27 + $5 Fees

Dubai legislation requires rental contracts to be registered in the unified Ejari system. Typically, the cost of registration is paid by the tenant.

▫️Housing Fee

5% of the annual rent

This amount is divided into 12 parts and is built into the monthly DEWA bill.

▫️DEWA Utilities

Connection

☑️Apartment:
$545 – Refundable Upon Check-out
$30 – Non-refundable Activation Fee
$8 – Additional Fees

☑️Villa:
$1100 – Refundable Upon Check-out
$80 – Non-refundable Activation Fee
$8 – Additional Fees

Utility Payment

Monthly payment is based on meter reading. On the average, the bill for a 1-Bedroom apartment is $110.

▫️District Cooling

Payment is based on meter reading and is included in the monthly DEWA bill

☑️Consumption Charge: $0.001 per 1 RT (Refrigeration Ton)
☑️Demand Charge: $200 for 1 RT per year. This amount is divided into 12 parts and is paid monthly

▫️Moving Costs

From $400

This amount depends on the size of the property and additional services (unpacking, storage or insurance).

▫️Agency Fee

On the average, 5% of the annual rent

Example

The cost of renting a furnished 1-Bedroom apartment in Dubai Marina is $15,000 per year

Security Deposit – $1,500

Ejari Registration Fee – $30

DEWA Deposit – $545

Moving Costs – $550

Agency Fee, 5% – $750

So, initial additional expenses of the tenant – $3,375 or 22.5% of the annual rent.

Real estate | Dubai | AX CAPITAL

20 Jun 2024 14:51

Developer, Kleindienst Group, will establish a maritime facility in Ras Al Khaimah

The Austrian company in partnership with RAK Ports will launch a shipyard that will comprise of 4 sections:

1️⃣Viking – the design of a 144m giga-yacht. It will place the UAE along with European countries capable of constructing giga-yachts. There are less than 100 giga-yachts across the entire world

2️⃣Tug – barges, supply, and transportation vessels

3️⃣Ferry – passenger transportation, fishing and sailing boats

4️⃣Coral Garden:

▫️The Floating Seahorse Villas – three-storey villas with an underwater basement and coral gardens
▫️The Floating Venice
▫️The Floating Lido Hotel
▫️Floating Solar Systems

The shipyard will also host a Maritime Academy.

#developers_news

——

Gulf hospitality industry to grow 7.5% every year until 2028.

According to a report by the financial company, Alpen Capital, the hospitality sector’s revenue in the region is expected to reach approximately $48.1 billion by 2028.

According to forecasts, by 2028, compared to 2023:

▫️Revenue per Available Room: $126.6, ↑ by 3.3%
▫️UAE's Compounded Annual Growth Rate: 6.9%–11%. In the UAE: 6.9%
▫️Hotel Occupancy Rate: 69.3%, Compared to 64.6%

#news_uae

Sources: The National News, Arabian Business

Real estate | Dubai | AX CAPITAL

18 Jun 2024 19:02

The UAE has climbed to 7th place in a global competitive ranking 2024

➤ According to the World Competitiveness Report by the International Institute for Management Development in Switzerland.

The report analyzes countries on 336 indicators. In 2024, the UAE took places in indicators:

🥇Employment, Household Expenditure Growth, Lack of Industrial Disputes, etc.

🥈Tourism Receipts, Females in Parliament, Adaptably of Government Policy, etc.

🥉Property Taxes, Immigration Laws, etc.

The UAE is also among the 10 world's largest countries by 90+ key indicators.

TOP 3 world's competitive countries in 2024

☑️Singapore
☑️Switzerland
☑️Denmark

——

UAE airlines launch new flights to 40+ directions.

▫️Etihad Airways: direct flights to the United States, Europe, and Indonesia. Etihad plans to expand its network to 125 destinations by 2030

▫️Emirates Airlines: flights to South America, Madagascar, and Edinburgh

▫️Flydubai: several destinations, including Basel, Riga, Tallinn, and Thailand

▫️Wizz Air: direct flights to Cairo and Turkestan

▫️Air Arabia: Krakow. Earlier, the carrier resumed flights to Jazan, Saudi Arabia

#news_uae

Source: Arabian Business, The National News

Real estate | Dubai | AX CAPITAL

17 Jun 2024 19:35

Dubai real estate sector recorded $5.4bn of transactions last week

❗️The amount of transactions from June 10 to June 14 is an increase of $550 million over the previous week result

According to the Dubai Land Department (DLD), 3 top listed apartment sales transactions:

☑️Bulgari Lighthouse – $40 million
☑️Six Senses Residences The Palm – $33 million
☑️Casa Canal – $15 million

#real_estate_dubai

——

Abu Dhabi's first wellness island to get self driving transport.

📍Al Jurf

Software developer, Bayanat, has signed an agreement with real estate developer Imkan for the development of smart mobility infrastructure on Sha Emirates Island.

The project will include the development of:

▫️Virtual Replica of the Island
▫️Autonomous Transportation Ecosystem with Artificial Intelligence Support

#developers_news

——

Abu Dhabi's real estate sector attracted a record $493 million in foreign direct investment in Q1 2024.

400+ investors from different source markets completed 6,000+ transactions, including:

☑️3,724 – sales and purchases
☑️2,328 – mortgage transactions

According to a report by the consulting firm Mordor Intelligence, the UAE construction market will grow from $41 billion in 2024 to $50+ billion in 2029.

#real_estate_abu_dhabi

Sources: Arabian Business, The National News

Real estate | Dubai | AX CAPITAL

15 Jun 2024 15:46

Wishing you and your family a blessed Eid Al Adha! May your life be filled with peace, harmony, and prosperity.

Real estate | Dubai | AX CAPITAL

14 Jun 2024 16:33

What You Need to Know About the Largest Emirate of the UAE

Abu Dhabi, the governmental and cultural centre of the UAE, is located southwest of Dubai, along the coast of the Gulf. The country's prestigious capital is a reliable destination for investment.

General Information

▫️Area: 67,340km²

▫️Landscape: beaches, sand dunes, oases, and mangrove reserves

▫️Features: an archipelago with 200+ islands

▫️Population: 3,789,860 in 2024 (Abu Dhabi Census data)

▫️Travel time to Dubai: 1 hour and 30 mins

Cost of Living

Monthly expenses, without rent, for a single person is $965 – 12% lower than in Dubai. Average rental prices are 24% lower.

Economy

The oil and gas sector is the basis of Abu Dhabi's economy, contributing more than 50% of the GDP. Non-oil industries include manufacturing, construction, and tourism.

According to the development plan, Abu Dhabi Economic Vision 2030, the economy will shift its focus to the non-oil sector by 2030.

Tourism

In 2023, the number of tourists increased to 24 million. Saadiyat Island Beach has been recognized as the best in the Middle East for 11 years in a row.

In the emirate:

☑️Sheikh Zayed Grand Mosque
☑️Louvre Abu Dhabi Museum
☑️Cultural heritage monuments
☑️Ferrari World Abu Dhabi and other theme and water parks

Real Estate

The demand for real estate in Abu Dhabi is growing. In 2023, the total transaction value ↑ by 159.5%➡️to $16.6 billion, compared to 2022. However, this is 7 times less than in Dubai➡️$112 billion.

The emirate offers property investors:

▫️Freehold
▫️Income Tax 0%
▫️High ROI: Up to 10% on Al Mariyah Island

Top 3 Projects

▫️SHA Residences Emirates

Premium residences on the world's first wellness island between Dubai and Abu Dhabi➡️from $1,280,000

▫️Saadiyat Lagoons

Collection of villas among lagoons and tropical trees on Saadiyat Island. Previously, the project was available only to UAE citizens, now it is open to foreign investors➡️from $1,688,000

▫️Ramhan Island

Exclusive villas on artificial islands surrounded by mangroves and picturesque bays ➡️from $1,743,000

📞 Learn more about the projects at the AX CAPITAL office in Abu Dhabi➡️+971521233061

Real estate | Dubai | AX CAPITAL

13 Jun 2024 18:30

New tourist destination in Sharjah’s historic area

7 units with mountains views have been restored in a house that is over 100 years old. The tourist complex with an area of 17,000m², includes:

▫️Restaurant
▫️Reception Area
▫️Trails to Historical Sites

This marks the first phase of the Najd Al Meqsar project. The Najd Al Meqsar area is renowned for its rich history dating back thousands of years. It is home to:

☑️300-year-old Al Meqsar Fortress
☑️Ancient Al Rafisah Fort
☑️Mosque and Historical Rock

——

In 2024, the population of Abu Dhabi reached 3,789,860 people.

According to the Statistics Centre – Abu Dhabi (SCAD), it is 83% more than in 2011.

Population:

Males➡️2,541,465 people, 67%
Females➡️1,248,395 people, 33%

The vast majority of the population resides in two cities within the emirate:

☑️Abu Dhabi – 2,541,465 people, 66%
☑️Al Ain – 1,009,735 people, 27%

——

In 2023, $4.4 billion was invested in the development of Abu Dhabi.

Abu Dhabi Projects and Infrastructure Centre has developed 80 projects to improve the infrastructure of the UAE capital.

71 projects was completed last year, including:

▫️9000+ Housing Units
▫️Parks, Schools and Community Centres
▫️Zayed Port Tunnel
▫️Road junction at Zayed International Airport
▫️Umm Yifeenah Bridge, etc.

#news_uae

Sources: Khaleej Times, Arabian Business, The National News

Real estate | Dubai | AX CAPITAL

12 Jun 2024 17:18

Primary Market Investments: How to Boost Your Profit

In our new video, Exclusive Projects Sales Manager, David James shares the strategy a juduсious investor could follow when buying off-plan properties to gain higher Return on Invested Capital (ROIC).

Real estate | Dubai | AX CAPITAL

11 Jun 2024 16:52

❕❕❕❕❕ Townhouses in Greenway 2

☑️18-hole Championship Golf Course
☑️4-year Payment Plan
☑️Community Surrounded by Parks

📍Emaar South

Collection of elegant 3-storey townhouses by the developer, Emaar. Within walking distance – community centre, adult and kids' pools, sports courts, restaurants and cafes.

Panoramic windows, balconies and rooftop terraces offer picturesque vistas of the golf course and lush greenery. Each home comes with a maid's room and a garage for 2 cars.

For Sale:

➤ 3 Bedrooms – 227m²
Plot – from 174m²
Prices: from $741,000

➤ 4 Bedrooms – 256m²
Plot – from 288m²
Prices: from $847,000

➡️2 types of facades

Benefits:

☑️Gym
☑️Jogging Paths
☑️Skate Park
☑️Event Area
☑️Retail Centre
☑️Kids' Play Areas

Payment Plan:

10% – Down Payment
80% – During Construction
10% – On Completion

🔑 Completion – Q2 2028

Leave a request: +971521718769

✅Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

10 Jun 2024 16:49

❕❕❕❕❕ Apartments in ELO 3

📍Damac Hills 2

☑️Prices from $158,000
☑️Overlooking the Park
☑️2,000m² Beach and Lakes
☑️1% Monthly Payment Options

The 16-storey residential complex is nestled in a green, family-oriented community. Within walking distance – lazy river and 40+ amenities.

The podium boasts a swimming pool with bar, climbing wall, outdoor cinema, and BBQ.

For Sale:

➤ 1 Bedroom – from 49m²
Prices: from $158,000
➤ 2 Bedrooms – from 74m²
Prices: from $233,000

➡️All units feature balconies

Benefits:

▫️Wave Surfing Pool
▫️Paintball Park
▫️Community Centre
▫️Sports Courts
▫️Kids' Play Areas
▫️Restaurants and Supermarket

Payment Plan on Start of Sales:

20% – Down Payment
50% – During Construction
30% – On Completion

🔑 Completion – Q2 2027

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

08 Jun 2024 15:57

Sale | Penthouse | $4,500,000

📍Dubai Marina

Fully upgraded penthouse in the 52-storey tower, Le Reve. Panoramic windows and the balcony provides spectacular views of the sea, Palm Jumeirah, and Ain Dubai.

🏖 4 mins – Barasti Beach and The Walk, JBR

☑️Closed Kitchen
☑️Miele Appliances
☑️Parquet Flooring
☑️Wooden Walk-in Closet
☑️Pets Allowed

For owners:

▫️Infinity Pool
▫️Gym and Spa
▫️Landscaped Garden
▫️Valet and Doorman
▫️24/7 Concierge and Security
▫️Kids' Play Area

❗️The 4K video is available on our YouTube channel ➤ Watch

Agent: +971581645975

#secondary_market

Real estate | Dubai | AX CAPITAL

07 Jun 2024 18:16

TOP 5 Factors Impacting the Real Estate ROI in Dubai

1️⃣Investment Strategy

▫️Buy-and-hold

The conservative approach is aimed to save money, and value appreciation over the years.

▫️Rentals

The buy-to-let offers a regular income and a long-term value appreciation. ROI 5%–10% a year

▫️Flipping and Resale on Completion

The short-term buy and sell strategy is focused on quick profit. ROI 15%–50%

2️⃣Location
⠀
In Q1 2024 the highest rental ROI was recorded in family-friendly areas situated away from the city centre:

▫️Apartments

Dubai Silicon Oasis ➤ 9.3%
JVC ➤ 8.6%
Dubai Production City ➤ 8.3%

▫️Villas

JVC ➤ 7.2%
DAMAC Hills ➤ 6.9%
Dubailand ➤ 6.3%
⠀
3️⃣Size of Property

Investing in smaller units is more lucrative, because an invested capital will be smaller. In the same location in Dubai, the ROI for a studio is on average 1%–1.5% higher than for a 3-bedroom apartment.

ROI for apartments in Dubai Hills Estate:

Studio ➤ 7.9%
3-bedroom ➤ 6.7%

4️⃣Developer
⠀
When selecting a company, an investor should analyse its reputation and track record. Major developers such as Emaar, Sobha Realty or Majid Al Futtaim are recognised by quality construction, timely delivery and high liquidity.
⠀
5️⃣Post-handover Payment Plan

These plans significantly increase the ROI, as there is no need to invest all the sum to resell the unit.

Example: 60% – during construction 40% – within 3 years post-handover

Purchase Price: AED 1,000,000
Sale Price on Completion: AED 1,300,000

ROI with Regular Payment Plan: 300,000/1,000,000 = 30%
ROI with Post-handover Plan: 300,000/600,000 = 50%

❗️ROI is 2/3 higher

Real estate | Dubai | AX CAPITAL

06 Jun 2024 16:02

TOP 7 Dubai areas by rental cost in 2024

Average rental rate increase per month

Apartments:

1️⃣Palm Jumeirah – $70,000 ↑ by 4.1%
2️⃣Downtown Dubai – $60,000 ↑ by 2.7%
3️⃣Old Town Dubai – $51,000 ↑ by 3.1%
4️⃣Dubai Marina – $47,000 ↑ by 3.8%
5️⃣Jumeirah – $45,000 ↑ by 4.1%
6️⃣Jumeirah Beach Residence – $43,000 ↑ by 3.4%
7️⃣DIFC – $43,000 ↑ by 4.2%

Villas:

1️⃣Palm Jumeirah – $281,000 ↑ by 1.6%
2️⃣Al Barari – $267,000 ↑ by 4.9%
3️⃣Emirates Hills – $231,000 ↑ by 1.8%
4️⃣Jumeirah Islands – $168,000 ↑ by 4.5%
5️⃣Jumeirah – $138,000 ↑ by 3.9%
6️⃣Green Community (DIP) – $107,000 ↑ by 1.7%
7️⃣Jumeirah Golf Estates – $104,000 ↑ by 3.3%

#real_estate_dubai

——

The UAE ranked 6th in the world for tourism spending in 2023 – $51.9 billion.

According to the United Nations' tourism agency's report, the number of international tourists ↑ by 89% compared to pre-pandemic 2019.

It confirms the UAE's status as one of the most attractive destinations in the world.

TOP 3 countries by tourist spending in 2023:

1️⃣USA – $176 billion
2️⃣Spain – $92 billion
3️⃣UK – $74 billion

#news_uae

Sources: Zawya, Arabian Business

Real estate | Dubai | AX CAPITAL

05 Jun 2024 14:58

Sale | Apartment | $2,600,000

📍Bluewaters Residences, 5 mins to Dubai Marina

Fully upgraded apartment in a prestigious waterfront community. The balcony offers views of the green courtyard, the sea, and Ain Dubai.

The black matte kitchen with an island is fully equipped with Miele appliance.

☑️Custom-made Furniture
☑️Bathrooms by Bagnodesign
☑️Panoramic Windows
☑️Study
☑️Maid's Room
☑️Pets Allowed

In the community:

▫️265-metre pedestrian bridge connecting the island to the JBR beach

▫️Pools
▫️Gym
▫️Basketball Courts
▫️Cafe and Restaurants
▫️Concierge and Security 24/7
▫️Kids' Play Areas

❗️The 4K video is available on our YouTube channel ➤ Watch

Agent: +971586448869

#secondary_market

Real estate | Dubai | AX CAPITAL

04 Jun 2024 18:50

❕❕❕❕❕ Apartments and Duplexes in Serra – Ghaf Woods

☑️Pedestrian-friedly Environment
☑️360° Views of the Forest
☑️Global Village within 3 Mins
☑️Sustainable Features

📍Dubailand

10 medium-rise buildings set around pools and gardens. The green community with developed infrastructure will feature a school, wellness centre, 3.5km mountain bike loop, sport courts, restaurants and retail outlets. Within walking distance – theme park, IMG World.

Interior design is available in two options. Some duplexes have private pools.

For Sale:

➤ Apartments
1 Bedroom – from 63m²
Prices: from $327,000
2 Bedrooms – from 104m²
Prices: from $545,000
3 Bedrooms – from 160m²
Prices: from $817,000

➤ Duplexes
3 Bedrooms – 271m²
Prices: from $1,225,000

➡️Balconies, maid's and laundry rooms

Benefits:

▫️Gym
▫️Yoga and Fitness
▫️Leisure and BBQ Areas
▫️Skatepark
▫️Running Tracks
▫️Kids' Playgrounds

Payment Plan:

10% – Down Payment
50% – During Construction
40% – On Handover

🔑 Handover – Q3 2027

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

21 Jun 2024 11:11

❕❕❕❕❕ Apartments in Palace Residences Creek Blue

☑️Waterfront Promenade
☑️Creek Marina Yacht Club
☑️500,000m² of Parks
☑️4.5 Years Payment Plan

📍Dubai Creek Harbour

54-storey tower in a pedestrian-friendly community. Picturesque views of the lush greenery and the Dubai Creek.

The podium features adult and kids' pools, gym, and wellness spaces. Convenient ferry and metro connectivity, a new Blue Line station is planned.

For Sale:

➤ 1 Bedroom – from 68m²
Prices: from $509,000

➤ 2 Bedrooms – from 104m²
Prices: from $795,000

➤ 3 Bedrooms – from 165m²
Prices: from $1,342,000

➡️All units have balconies and laundry rooms

Benefits:

▫️The Viewing Point
▫️Cycling and Jogging Tracks
▫️Paddle Tennis Court
▫️Restaurants and Shops
▫️Game Room

Payment Plan:

10% – On Booking
80% – During Construction
10% – On Completion

🔑 Completion – Q1 2029

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

19 Jun 2024 13:14

Sale | Duplex | $3,700,000

📍Za'abeel, 5 mins to DIFC

Corner duplex with double height ceilings in the tower, One Za'abeel The Residences. Two towers of the complex are connected by the world's longest cantilever, The Link, which features suspended infinity pool.

Breathtaking views of the Dubai Frame, Zabeel Park, and The Link.

☑️Open Kitchen with an Island
☑️Household Appliances
☑️Built-in Wardrobes
☑️Panoramic Windows
☑️Central A/C
☑️Pets Allowed

In the residence:

▫️Gym and Spa
▫️Event Hall
▫️Michelin Rated Restaurants
▫️Observation Deck
▫️Shops and Boutiques
▫️Concierge and Security 24/7

❗The duplex is vacant and ready to move in

Agent: +971582408576

#secondary_market

Real estate | Dubai | AX CAPITAL

18 Jun 2024 14:43

Dubai among TOP 15 most expensive cities for foreign employees in 2024

According to the survey by the consulting company, Mercer, in comparison with 2023:

➤ Dubai 15th with 3 spots ↑
➤ Abu Dhabi 43rd, unchanged

One of the key factors of increase is the rise in rental costs.

TOP 3 are:

➊ Hong Kong
➋ Singapore
➌ Zurich

——

In 2023, the number of international visitors to the Dubai World Trade Center (DWTC) increased by 50%.

According to the DWTC Annual Report, in 2023:

▫️Total Economic Output reached $5 billion
▫️301 Events Were Held, Including 75 Large-scale Exhibitions, Conventions, and Conferences
▫️69,000 Jobs Supported
▫️Number of International Participants at Events – 1.5 Million People

DWTC drives the growth of many business sectors, including hotels, aviation, transportation, retail and restaurants. It is part of the Dubai Economic Program (D33).

Foreign visitors spend $2,800 per event – 6 times higher than the local expenditure of participants.

——

Midnight air taxi by Archer Aviation has successfully completed its first transition flight.

It is one of the most difficult maneuvers for aircraft. It consists of the transition from vertical takeoff to horizontal flight mode.

Now the American company will start testing flights on commercial routes in conditions close to real ones.

Air-taxi service is expected to be launched in Dubai in 2026.

#life_dubai

Sources: Khaleej Times, Gulf News, Archer

Real estate | Dubai | AX CAPITAL

17 Jun 2024 14:15

In 2023, the UAE’s GDP grew by 3.6%

According to the annual report by the UAE Central Bank (CBUAE)

❗️Earlier CBUAE estimated the growth of 3.1% in 2023

GDP of non-oil sector expanded by 6.2% in 2023. GDP of oil-sector decreased by 3.1%.

According to the IMF, the global economy grew by 3.1%➡️in 2023, the UAE’s economy growth rate exceeded the global level.

GDP growth forecast by CBUAE:

2024

▫️GDP +3.9%
▫️Non-oil GDP +5.4%
▫️Oil GDP +0.3%

2025

▫️GDP +6.2%
▫️Non-oil GDP +5.3%
▫️Oil GDP +8.4%

According to IMF, the global inflation rate will decrease from 6.8% in 2023 to 5.8% in 2024.

The inflation rate in the UAE is significantly lower:

2023 – 1.6%
2024 – 2.3% (forecast)

——

Dubai, Abu Dhabi and Sharjah rank among TOP 10 startup hubs in the Middle East and North Africa region (MENA).

According to the annual Global Startup Ecosystem Report (GSER), in 2024:

☑️Dubai scored 10 out of 10 in funding. It has 5 unicorns worth $1+ billion each, operating in the emirate.

☑️Abu Dhabi is the fastest growing startup ecosystem in the Mena region.

☑️Sharjah is ranked 5th in the Mena ecosystem in bang for the buck.

——

Two new communications satellites will be launched in Abu Dhabi in 2027-2028.

They are designed to provide secure governmental communications across Middle East, Africa, Europe and Asia.

#news_uae

Sources: The National News, Khaleej Times, Gulf News

Real estate | Dubai | AX CAPITAL

15 Jun 2024 12:49

Sale | Apartment | $2,000,000

📍Downtown Dubai

Premium apartment in the 56-storey tower of the residential complex, The Address Residences Dubai Opera, by Emaar. A spacious balcony and panoramic windows provide stunning views of the landscaped podium and Burj Khalifa.

🛍 3 mins – Dubai Mall

☑️Fully Furnished
☑️Kitchen Appliances
☑️Maid's Service
☑️Built-in Wardrobes
☑️2 Parking Spaces
☑️Central A/C

For owners:

▫️Infinity Pool
▫️Gym and Spa
▫️Lounges
▫️Kids' Club
▫️Restaurants and Cafes
▫️24/7 Concierge and Security

❗️The apartment is vacant and ready to move in.

Agent: +971565152531

#secondary_market

Real estate | Dubai | AX CAPITAL

14 Jun 2024 12:10

Dubai villa market has exceeded market peaks of 2021 by 44%

➤ According to the ValuStrat Index (VPI)

Compared to April 2024, VPI ↑ by 2.1%:

For Villas ↑ by 2.4%
For Apartments ↑ by 1.8%

Compared to May 2023, VPI ↑ by 27.2%:

For Villas ↑ by 32.5%
For Apartments ↑ by 22.4%

Sales Volume

Ready ↑ by 8.1%
Off-plan ↑ 76.3%

🔺Areas with the highest annual capital gains:

Villas

Palm Jumeirah ➤ 41.7%
Jumeirah Islands ➤ 41.1%
Dubai Hills Estate ➤ 37.5%
Emirates Hills ➤ 32.5%
Green Community West ➤32.1%

Apartments

Discovery Gardens ➤ 34%
The Greens ➤ 32.6%
Palm Jumeirah ➤ 30.9%
Al Quoz Fourth ➤ 29.1%
The Views ➤ 28.1%

#real_estate_dubai

Source: ValuStrat

Real estate | Dubai | AX CAPITAL

13 Jun 2024 13:20

Dubai ranked 1st globally in terms of capital inflows into cultural projects

According to the Financial Times report, in 2023 compared to 2022:

☑️Volume of Foreign Direct Investment (FDI) in Cultural and Creative Industries (CCI) Amounted to $3.2 billion, ↑ by 50%
☑️21,563 New Jobs Were Created in Culture and Tourism Sectors, ↑ by 74%

According to the Dubai Department of Economy and Tourism data:

▫️In 2023, Dubai Attracted FDI for 898 Projects in CCI – a 50% Increase Compared to 2022

▫️Total FDI Capital Inflow Increased by 60%

TOP 3 source countries for FDI capital inflows into Dubai CCI:

1️⃣UAE – 33.2%
2️⃣USA – 12.4%
3️⃣UK – 9.1%

——

In May 2024, Etihad Airways carried 1.5 million passengers

➤ 38% increase compared to the same period in 2023.

▫️Passenger Load Factor Average Across the Month was 84%
▫️Total Number of Passengers during May 2023-May 2024 was 16 Million People

The airline also commissioned the first of the six A321neos aircraft. The new aircraft will boost the frequency of flights and reduce CO2 emissions.

#news_uae

Sources: Media Office, Arabian Business

Real estate | Dubai | AX CAPITAL

12 Jun 2024 11:21

Sale | Apartment | $3,900,000

📍Five Lux JBR

Exquisite apartment in the ultra-luxury resort with direct beach access. The spacious balcony boasts a private pool with views of the sea and Ain Dubai. 5* service from the hotel chain, FIVE Hotels & Resorts.

Guaranteed 10% ROI within 5 years.

☑️Fully Furnished
☑️Open Kitchen
☑️Miele Household Appliances
☑️Panoramic Windows
☑️Built-in Wardrobes
☑️Valet Parking

For owners:

▫️Swimming Pools
▫️Gym and Spa
▫️Paddle Court
▫️Restaurants and Bars
▫️24/7 Concierge and Security
▫️Kids' Club

❗️4K video is available on our YouTube channel ➤ Watch

Agent: +971581645975

#secondary_market

Real estate | Dubai | AX CAPITAL

11 Jun 2024 15:11

TOP 7 Dubai areas with the cheapest rent

Annual rental cost of 1-Bedroom apartment:

1️⃣Liwan– $8,500
2️⃣International City – $10,000
3️⃣Deira – $11,000
4️⃣Discovery Gardens – $11,000
5️⃣Dubai South – $12,000
6️⃣Dubai Investment Park (DIP) – $14,000
7️⃣Jumeirah Village Circle (JVC) – $17,000

The average rental price for apartments in 2024 is $20 per m². It is a 17% increase compared to 2023.

Recently we published a ranking of the most expensive areas to rent in Dubai

#real_estate_dubai

——

Binghatti Developers will launch 12 projects worth $2.7 billions in 2024.

The developer has signed a strategic agreement with Dubai Land Department (DLD) to support the Dubai Real Estate Broker Program.

The program aims to attract UAE citizens to the real estate sector as:

▫️Buyers
▫️Brokers
▫️Employess

As part of the initiative, Binghatti will offer UAE investors:

☑️Exclusive Discounts
☑️Flexible Payment Plans
☑️1% Agent Fee

Still in 2024, the developer plans to open a real estate academy to train professionals in the real estate field.

#developers_news

Sources: Arabian Business, Khaleej Times

Real estate | Dubai | AX CAPITAL

10 Jun 2024 13:05

By 2025, the area of ​​Dubai Science Park will be expanded by 18,000m²

This is a plan to increase the storage and logistics capacity by 147% and to address the growing demand for premium offices.

In Dubai Science Park:

▫️500+ Customer-companies, Including Global Corporations Pfizer, GE Healthcare, and AstraZeneca
▫️6,500+ Experts Across the Biological, Energy, and Ecological Sciences

In April, the Binghatti Hills project was announced at Dubai Science Park.

#news_uae

——

Air quality monitoring station will be launched in Jebel Ali.

Features:

☑️11 Sensors with the Capacity to Measure 101 Types of Air Pollutants
☑️Cost – $545,000

The project is a part of the Dubai Quality of Life Strategy 2033.

The station is needed for:

▫️Assessing the Effects of Industrial Activities on Air Quality
▫️Taking Preventive Measures to Protect the Health of Residents

#life_dubai

——

In 2023, UAE ranked highest per capita, of solar energy consumption, globally

➤ According to the report by the UK-based Energy Institute.

DEWA initiatives to increase the share of renewable energy sources:

☑️Mohammed bin Rashid Al Maktoum Solar Park
☑️Region's First Hydroelectric Power Plant in Hatta
☑️Green Hydrogen Project
☑️Water Desalination Using SWRO Technology

This is a part of the Net Zero 2050 and Dubai Clean Energy Strategy 2050 strategies.

#news_uae

Sources: Media Office, Khaleej Times, Dubai Electricity & Water Authority

Real estate | Dubai | AX CAPITAL

08 Jun 2024 11:30

❕❕❕❕❕ Apartments and Penthouses in Verve City Walk

☑️5 mins to Dubai Mall and the Beach
☑️Direct Access to Coca-Cola Arena
☑️Developer – Meraas
☑️First High-rise Project in City Walk

Spectacular residential complex of two towers (29 and 37 floors) with Burj Khalifa and sea views. The towers are connected by a shared landscaped podium featuring an infinity pool with leisure areas. Sky terraces with gardens and double-height lounges surrounded by outdoor courtyards and water features.

Spacious balconies or terraces in all units. Premium units boasts double-height living rooms.

For Sale:

➤ Apartments

1 Bedroom – from 73m²
2 Bedrooms – from 109m²
3 Bedrooms – from 156m²
4 Bedrooms – from 350m²
Prices: from $577,000

➤ Duplex Penthouse

5 Bedrooms – 857m²
Prices: from $8,038,000

➡️Premium finishes and fully fitted kitchens with appliances

Benefits:

▫️Fitness Centre
▫️Games and Media Room
▫️Library
▫️Co-working and Business Spaces
▫️Restaurants and Shops
▫️Kids' Play Areas

Payment Plan:

20% – On Booking
55% – During Construction
25% – On Completion

🔑 Completion – Q3 2028

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

07 Jun 2024 13:05

Dubai's Tresind Studio ranked 13th in the best restaurants' list 2024

➤ According to the ranking, The World's 50 Best

📍Palm Jumeirah

The list is based on the votes of 1,000+ culinary experts from around the world.

The molecular Indian cuisine restaurant is:

☑️2nd in the Mena's 50 Best Restaurants List
☑️Middle East's First Restaurant Awarded Two Michelin Stars

#life_dubai

——

Developer, Arada, will build 2 final phases of the mega project in Sharjah.

📍Al Suyoh Suburb

The developer has awarded contracts for the construction of the 6th and 7th phases of the Masaar project – Sequoia and Saro.

The number of units – 1,025
The cost of projects – $394 million

Benefits:

☑️70,000 Trees
☑️6.6km Bike Path
☑️Kids' Water Play Area
☑️Skate Park, etc.

🔑 Completion – Q3 2026

#developers_news

——

The UAE named the world leader in air transport quality in 2024

➤ According to the World Economic Forum's Travel & Tourism Development Index

▫️1st in Quality of Air Transport Infrastructure
▫️3rd in Efficiency of Air Transport Services

The UAE also has been ranked 1st in the MENA region for the number of:

☑️Operating Airlines
☑️Air Transport Agreements

#news_uae

Sources: The National News, Trade Arabia, Arabian Business

Real estate | Dubai | AX CAPITAL

06 Jun 2024 12:11

Last Month Bestseller Projects

According to the Dubai Land Department data:

➤ In May 2024, 17,527 property transactions worth $12.5 billion were completed in Dubai.

❗️This is the highest performance since 2009

Property deals show 50% volume ↑ and 35% value ↑ compared to May 2023.

38% ➤ 6,572 transactions worth $6.5 billion – Existing Properties

62% ➤ 10,955 transactions worth $6 billion – Off-plan Properties

Compared to May 2023:

➤ Existing volume ↑ by 9%, the value ↑ by 21%

➤ Off-plan volume ↑ by 92%, the value ↑ by 54%

TOP Residential Projects by Sales Value

Apartments

1️⃣Sobha One – $702 million
2️⃣Park Lane Interiors by Vida – $283 million
3️⃣City Walk Northline – $170 million
4️⃣Vida Residences Dubai Hills Estate – $151 million
5️⃣Ocean Point – $135 million

Villas and Townhouses

1️⃣Haven by Aldar – $253 million
2️⃣Lillia, The Valley – $231 million
3️⃣Amara, Tilal Al Ghaf – $123 million
4️⃣The Lakeshore Villas by Ellington – $72 million
5️⃣Expo Valley – $55 million

1st Place by Sales Volume

Apartments – Sobha One
Villas and Townhouses – Lillia, The Valley

#real_estate_dubai

Source: Dubai Land Department

Real estate | Dubai | AX CAPITAL

05 Jun 2024 11:17

❗️❗️❗️❗️❗️❗️ Apartments in The Berkeley

☑️116 Residences
☑️Bosch Household Appliances
☑️European Finishes and Fittings
☑️18,000m² Park – Within Walking Distance

📍Dubai Hills Estate

Collection of exquisite residences in a mid-rise boutique-complex. Dubai Hills Golf Club with 18-hole golf course in 5 mins.

The community features nurseries and international schools, King's College Hospital, skatepark and sport courts, restaurants and supermarkets.

For Sale:

➤ Studios – from 35m²
Prices: from $272,000
➤ 1 Bedroom – from 70m²
Prices: from $474,000
➤ 2 Bedrooms – from 129m²
Prices: from $754,000

Benefits:

▫️Swimming Pool and Sun Deck
▫️Gym
▫️Landscaped Garden
▫️Lounge
▫️Kids' Play Area
▫️24/7 Concierge and Security

Payment Plan:

20% – Upon SPA Signing
30% – During Construction
50% – On Handover

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

04 Jun 2024 11:33

Dubai's beaches, Al Mamzar and Jumeirah 1, will be revamped

➤ As part of the 400% coastline expansion project

The urban planning committee has allocated $97 million for the development of 6km beach line.

Project features:

▫️200-metre Floating Bridge Over Al Mamzar Beach
▫️24/7 Beach in Deira
▫️11km of Running and Cycling Tracks
▫️Cafes, Shops and Restaurants

🔑 Completion – Q4 2025

——

240 new shops and restaurants will be opened in Dubai Mall.

📍Downtown Dubai

The $408 million project was announced by the developer, Emaar Properties.

Now on the area of 1.2 million m²:

☑️1,200+ Retail Outlets
☑️200+ Restaurants

In 2023, Dubai Mall was named the 'most visited place on earth'.

#life_dubai

——

Two football stadiums are set to be built on top of Sharjah mountains.

The stadiums will be located at an altitude of 260 and 275 metre above sea level. The project will provide a comfortable playing environment:

▫️Low Humidity
▫️10 Degrees Lower Temperature

#news_uae

Sources: Arabian Business, The National News, Khaleej Times