Real estate | Dubai | AX CAPITAL

27 Jun 2024 17:01

❕❕❕❕❕ Townhouses in Velora & Venera

📍The Valley 2

☑️First Homes of the Second Phase
☑️Sandy Golden Beach for Residents
☑️7 Types of Facade Design
☑️Large Plots

The collection of premium 2-storey townhouses is located in a new green gated community. A nature-themed area, skate park, flower farm, dog park, and amphitheatre are situated within walking distance.

Spacious layouts feature plenty of natural light, balconies, and terraces. Each home has a closed kitchen and a covered parking.

For Sale:

➤ 3 Bedrooms – from 226m²
Average Plot Area – 181m²
Prices: from $675,000

➤ 4 Bedrooms – from 247m²
Average Plot Area – 305m²
Prices: from $773,000

Benefits:

🔺Lake, Rivers, and Fountains
▫️Fitness, Yoga, and Meditation Areas
🔺Jogging Tracks
▫️Sports Grounds
▫️Fruit Tree Grove
▫️Children's Play Areas

Payment Plan:

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

🔑 Completion – Q3 2028

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

26 Jun 2024 16:01

❕❕❕❕❕ Apartments and Penthouses in IVY Gardens 2 by SAMANA Developers

☑️Pools on the Balconies in All Units
☑️German Appliances
☑️8.5-year Payment Plan
☑️0.5% and 1% Monthly Payment Options

📍Dubailand

40-storey buildings, just 15 minutes drive from Downtown Dubai. A host of amenities is situated on the landscaped podium: pools with leisure decks, lazy river, outdoor cinema, and fire pit lounge area.

The smart home system provides control over the apartment through the phone.

For Sale:

➤ Apartments
Studios – from 39m²
1 Bedroom – from 69m²
2 Bedrooms – from 116m²

Prices: from $205,000

➤ Penthouses
3 Bedrooms – from $790,000

➡️Some units have maid's rooms

Benefits:

▫️Health Club
▫️Jogging Track
▫️Sauna and Steam Room
▫️Virtual Golf and Bowling
▫️Kids' Play Areas and Pool
▫️Valet Parking

Payment Plans:

1️⃣15% – Down Payment
57% – During Construction
28% – Within 56 Months Post-handover

2️⃣20% – Down Payment
57% – During Construction
23% – Within 46 Months Post-handover

🔑 Handover – Q4 2027

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

25 Jun 2024 16:32

The Unexpected Al Marjan Island Hotel & Residences by the Palladium Hotel Group

📍Al Marjan Island

Almal Real Estate Development will launch a beachfront complex worth $280 million.

The project will include hotel rooms, studios and 1-2 bedrooms apartments.

Areas: from 48m²
Prices: from $436,000

Features:

▫️Rooftop Swimming Pools and Bars
▫️Wellnes Centre
▫️Beach Club
▫️5 Restaurants

🔑 Opening – 2026

#developers_news

——

Dubai government has approved $8.2 billion rain drainage network project.

The region's largest project, Tasreef will:

▫️Cover All Areas of Dubai
▫️Collect Over 20 Million m³ of Water Per Day
▫️Increase Rainwater Drainage Capacity by 700%

🔑 Completion – 2033

——

100 best startups will be presented via the initiative, Dubai Future Solutions – Prototypes for Humanity.

📍Dubai Future District

The project will help innovators from around the world to start their own companies.

The Dubai Future Foundation (DFF) and the Hussain Sajwani – DAMAC Foundation (HSDF) signed a cooperation agreement to provide $27 million to support technology and innovation across the UAE.

#life_dubai

Sources: Property News, Arabian Business, The National News

Real estate | Dubai | AX CAPITAL

24 Jun 2024 17:14

❕❕❕❕❕ Apartments and Townhouses in Verdana 5

☑️Flexible Payment Plans
☑️Discounts Up to 40% from the Original Price
☑️Community Surrounded by Parks, Schools, and Retails

📍Dubai Investment Park

The fifth phase of a residential project conveniently located 10 mins from Expo City Dubai and 20 mins from Palm Jumeirah. The complex consists of a 17-storey building and 271 townhouses with 2–4 floors.

All units boast private balconies or terraces, parking spaces, air conditioning, kitchen cabinets and countertops. Laundries, lifts, maid's and double height living rooms in some townhouses.

For Sale:

➤ Apartments
Studios – from 34m²
1 Bedroom – from 62m²
2 Bedrooms – from 90m²
3 Bedrooms – from 145m²
4 Bedrooms – from 166m²

➤ Townhouses
2 Bedrooms – from 159m²
3 Bedrooms – from 230m²
4 Bedrooms – from 302m²

Prices: on Request

Benefits:

🔺Adult and Kids' Pools
🔺Clubhouse
🔺BBQ Areas
▫️State-of-the-art Gym
🔺Multi-sport Court
🔺Shaded Seating Areas

Payment Plans:

➊ 5% Discount
30% – During Construction
70% – On Completion

➋ 20% – During Construction
80% – On Completion

❗️Full Payment in 3 Months – 40% Discount

Down Payment:

3⁠0% – 15% Discount
⁠20% – 10% Discount
⁠10% – 5% Discount

🔑 Сompletion – Q4 2028

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

22 Jun 2024 10:12

Sale | Apartment | $2,400,000

📍Umm Suqeim

Elegant apartment in an Arabic style residential complex, Lamtara 2, Madinat Jumeirah Living. The spacious balcony provides picturesque view of Burj Al Arab.

🏖 5 mins – Beach

☑️Fully Furnished
☑️Semi-open Kitchen
☑️Household Appliances
☑️Panoramic Windows
☑️Built-in Wardrobes
☑️2 Parking Spaces

For owners:

▫️Swimming Pools
▫️State-of-the-art Gym
▫️Parks and Open Spaces
▫️Jogging and Bicycle Tracks
▫️Kids' Playgrounds
▫️Concierge and Security 24/7

❗The apartment is vacant and ready to move in.

Agent: +971521948543

#secondary_market

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

27 Jun 2024 12:59

Developer, OMNIYAT, will launch 2 ultra-luxury projects with a combined value of $2.7 billion in 2024

Within 5 years the company plans to:

☑️Double the Value of Its Portfolio
☑️Create a New Corporate Structure
☑️Invest in Projects Throughout the Gulf Region

The developer has recently unveiled ELA Dorchester Collection.

——

Developer, RAK Properties, has presented the NB Collection of premium villas.

📍Hayat Island, Ras al Khaimah

The project includes 11 three-level villas with 4 bedrooms.

Areas: from 420m²
Plots: from 530m²

Features:

▫️Private Pools and Rooftop Terraces
▫️Direct Beach Access
▫️Panoramic Bay Views
▫️Access to the Amenities of 5* Hotels, Including Nikki Beach Resort & Spa Ras Al Khaimah

#developers_news

——

The real estate portal, Bayut, has launched an AI property valuation service in Dubai, TruEstimate.

The service with an integrated Bayut’s with DLD's data bases offers:

▫️Real Estate Projects' History and Comparisons
▫️Reports on Their Valuation
▫️Information on Rental Yields

To get a report, users can input their Title Deed or DEWA Numbers.

#life_dubai

Sources: The National News, Trade Arabia, Arabian Business

Real estate | Dubai | AX CAPITAL

26 Jun 2024 12:29

Sale | Villas | $2,000,000

☑️10 Mins to White Sandy Beach
☑️Available to Investors of All Nationalities
☑️10% – Down Payment
☑️Perfect Combination of Culture and Nature

📍Saadiyat Island

Collection of premium villas surrounded by mangroves in the community, Saadiyat Lagoons. Convenient location in proximity to Zayed National Museum and Louvre Abu Dhabi. Some villas are located on the banks of lagoons.

Wide high-end customisation options: standard or premium finishes, a variety of colour schemes, and a possibility to add a private pod in the garden, pool or lift.

For Sale:

➤ 4–6 Bedrooms Villas
Areas: from 464m²
Plots: from 720m²

For Owners:

▫️Outdoor Cinema
▫️Sport Courts and Parks
▫️Schools and Nurseries
▫️Health Clinic
▫️Retails Outlets and Farmer's Market
▫️F&B Hubs

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

Leave a request: +971521233061

✅ Agency commission – 0%

#from_developer

Real estate | Dubai | AX CAPITAL

25 Jun 2024 11:00

❕❕❕❕❕ Apartments and Duplexes in Verdes by Haven

☑️Eco-friendly and Energy Efficient Solutions
☑️Multi-level Lounge on a Tree
☑️Views of Gardens, Parks, and Al Habtoor Polo Club
☑️One of the Leading Abu Dhabi Developers – Aldar

📍Dubailand

Residential complex tailored for an active and healthy lifestyle. Green community pursuing environmental standards, LEED Silver and FitWel.

Premium services: move-in assistance, car wash, concierge, cooking classes, yoga and pilates, housekeeping, babysitting.

Units for Sale with Average Areas:

➤ Apartments
1 Bedroom – 67m²
2 Bedrooms – 128m²

➤ Duplexes
2 Bedrooms – 147m²
3 Bedrooms – 157m²

Prices: on Request

➡️All residences have balconies, laundries, and walk-in closets

Benefits:

▫️Infinity Pool
▫️Gym and Spa
▫️Community Сentre
▫️Fitness and Meditation Areas
▫️Primary School and Kindergarten

♻️ Smart irrigation, noise and air-quality monitoring, water conservation system.

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

24 Jun 2024 12:09

121 floating villas are set to be built in the new Maldivian-inspired resort

📍Dubai World Islands

The love heart-shaped Honeymoon Island Dubai is a part of a major project, The Heart of Europe.

Floating villas will be connected to the main island by boardwalks and floating jetties. The resort's guests will have access to activities of the Tzar Hotel.

Features:

▫️White Sandy Beaches
▫️Swimming Pools
▫️Landscaped Gardens
▫️Restaurants and Bars

#developers_news

——

Discount festival, Dubai Summer Surprises 2024, is starting in Dubai.

The discount season will run from June 28 to September 1 and will include:

☑️Sales at Shopping Malls Across the City
☑️Lotteries and Raffle Draws
☑️Special Offers at Theme Parks
☑️Discounts at Leading Hotels
☑️Gastronomic Entertainment

Learn more about perfect shopping in Dubai in this video on our YouTube channel ➤ Watch

#life_dubai

Sources: Time Out Dubai, What's On

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