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在禮來 我們希望每個人都能獲得滿意的性生活, 犀利士是最安全,副作用最小的壯陽藥,低劑量的可以每日服用。

New $61m Dubai villa on sale in Emirates Hills amid ultra-luxury property shortage

A new property in Dubai, the XLV Residence, is now on the market for Dh225 million ($61.2m) as the emirate registers strong demand for prime projects amid a supply shortage in the segment.

The seven-bedroom house, within the luxury Emirates Hills community, has been furnished and decorated in collaboration with luxurious brands such as Cavalli, Fendi and Gaggenau.

The architecture and design were done by a Dubai-based boutique studio called Qeblawi Brooks.

The villa has been described as an entertainment palace that can host up to 300 people at a time.

It is the most expensive project in Emirates Hills so far and is expected to surpass the selling price of a five-bedroom villa in the area that fetched Dh102.8m.

“This level of luxury is quite rare, especially available directly from the developer, and it is brand new and still under warranty,” said Georges Al Hachem, commercial director at Select Group, which developed the property.

“The materials and design elements used in XLV are unparalleled, even in such a luxury market like Dubai.”

He said that there were a “a few” interested buyers.

The Dubai real estate market has been running hot for some months now, with records set for the highest number of transactions and most expensive properties.

The market has been particularly attracting high-net-worth individuals from around the world, as the UAE’s economy strengthens from the global coronavirus-induced slowdown.

The country’s non-oil private sector recorded its highest reading for the year in May.

However, while a further 31,000 units are expected to be delivered in the latter three quarters of the year, according to property consultancy Core, brokers told The National of a shortage of available properties at the highest end of the market.

A boom in Dubai’s prime residential market has led to prices rising by about 60 per cent over the past 12 months, driven by growing interest from international investors, consultancy Knight Frank said.

Prime areas include Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, among others.

“Through to the end of 2025, just eight new villas are expected to be built in Dubai’s prime residential areas, hinting strongly at continued outperformance of villas at the very top of the market as there is nothing to suggest an easing of the luxury home drought any time soon,” said Faisal Durrani, partner and head of Middle East research at Knight Frank.

The shortage of prime stock has been an issue for the past year or so, especially in the face of rising demand, said Mark Castley, chief operating officer of LuxuryProperty.

However, custom-built and designed homes, which were due for delivery a few years ago, are now being handed over, providing more availability at the higher end of the market.

“For us as a company, this has proven to be quite serendipitous as in the past two weeks, we have successfully completed five transactions at above Dh70m each,” he said.

Allsopp & Allsopp has recorded a 50 per cent decline in ultra-prime properties coming to the market when comparing May 2022 to May 2021, said chief executive Lewis Allsopp.

While demand is increasing, supply has remained stagnant, he said.

“Most ultra-prime property owners are holding on to their properties unless there is a need to sell,” he said.

“We have seen reports recently say that property prices could still see a rise. The other issue that ultra-prime property owners have is the lack of supply in the market. If they were to sell their own property, there may not be a property on the market available for them to move to.”

Foreign demand to keep Dubai property prices on steady upward course

Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts, who cautioned that higher interest rates and lack of affordable homes could curb activity.

With an economic rebound propelled by higher energy prices and a revival in trade and tourism, the Dubai property market shrugged off a long streak of falls last year and has held on to upbeat momentum since then.

The latest May 11-26 Reuters poll of 13 property market analysts showed a median rise of 7.5% in Dubai house prices in 2022, unchanged from the previous poll taken two months ago.

Market sentiment, lifted by the pandemic easing, “coupled with the successful hosting of the World Expo, the reopening of travel corridors…continues to underpin the market’s rebound,” said Faisal Durrani, head of Middle East research at Knight Frank.

Data from the Dubai Land Department showed the emirate’s real estate sector had its best quarter in more than a decade, with Q1 sales transactions at their highest since 2010.

However, price rises were expected to slow to 4.5% and 3.0% in 2023 and 2024 respectively, bringing stability to the market.

That stands in contrast to several other property markets which have experienced dizzying highs.

“What we have seen last year was more about recovery from the pandemic; this year seems to be slowing down to more healthy growth,” said Haider Tuaima, director and head of real estate research at ValuStrat.

When asked what will drive Dubai’s housing market this year and next, a majority of respondents, 11 of 13, said demand from foreign investors. Two chose local demand.

These expected price increases, even though modest, will pose challenges for first-time buyers as interest rates were expected to climb higher, hurting affordability.

The Dubai market, where prices are still well below their last peak in mid-2014, faces several downside risks like higher interest rates, lack of supply of affordable homes, and inflationary pressures this year and next.

All but one of 12 analysts who answered an additional question said affordability for first-time buyers in coming years would worsen.

A strong two-thirds majority also said rents in Dubai, which houses a large number of expatriates, will be less affordable in the next two years.

“Those who are looking to buy will be priced out of the market and will be forced to continue to rent. Rents have and will continue to increase, demand will increase and without affordable homes, this will contribute to the overall cost of living increasing,” said Lynnette Sacchetto, director of data and digital transformation at Allsopp.

RAK Properties launches Bay Residences-Central I at the Iconic Hayat Island

RAK Properties, the leading real estate developer in Ras Al Khaimah, has announced the launch of Bay Residence — Central I project, a mixed-use residential project located on Hayat Island in Mina Al Arab, Ras Al Khaimah.

The project compliments Ras Al Khaimah rapidly growing status as one of the most sought-after destinations, created by recent high profile investments and developments in the area.

One such project, developed by RAK Properties, is Hayat Island — a luxury residential community nestled within the heart of Mina Al Arab.

“We’re excited to announce the launch of the Bay Residences — Central I which is one of the four state-of-the-art residential buildings in Hayat Island. Residents and guests will enjoy breathtaking views of the beach and luxury living at its finest, with access to restaurants, retail, and many more facilities,” Mohammed Al Tair, acting CEO of RAK Properties, said.

“Due to its scenic location, we took inspiration from the sea at early design stage. We aimed to provide a fully integrated experience within beachfront settings, providing amazing unhindered views of the sea,” he added.

Bay Residences project, which is directly adjacent to the iconic InterContinental Mina Al Arab Ras Al Khaimah Resort & Spa, spans a total build up area of 1,180,000 million sqft. The launched Central I Tower offers affordably priced apartments with open access to the beach. Buyers can choose between 1, 2, and 3 bedroom high quality apartments. Amenities include adult and kids swimming pools, play courts, retail, F&B outlets, and fitness gym, among the greater Hayat Island offerings of entertainment, retail, promenades, walkways, and green spaces.

With carefully designed, streamlined, energy-efficient architecture, and socially responsible and sustainable site planning, the Bay Residences allow people to interact with the natural landscape within the podium gardens, ensuring a high quality of life for residents.

New Dubai-Al Ain road project opens, set to benefit 1.5 million motorists

The Dh2 billion Dubai-Al Ain Road Improvement Project that was opened on Sunday will slash travel time on the road by 50 per cent.

According to the Roads and Transport Authority (RTA), travel time on the Dubai-Al Ain Road from the intersection of Ras Al Khor Road to the that of Emirates Road will go down from 16 minutes to eight during peak times. Additionally, it will solve traffic snarls that used to extend for about two kilometres.

The road was widened from three to six lanes in each direction, and the project includes six main interchanges and bridges and ramps stretching 11.5km. The improvements will double the intake of the road from 12,000 to 24,000 vehicles per hour in both directions.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, inaugurated the road.

Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, told Sheikh Hamdan that the project will ease traffic flow and improve links with the Sheikh Mohammed bin Zayed Road, Sheikh Zayed bin Hamdan Al Nahyan Road, and Emirates Road.

It will benefit a population of 1.5 million living or working in the neighbourhood on both sides of the road. It also serves 25 universities and colleges, where over 27,500 students are enrolled.

Four ramps

The project saw the construction of four two-lane ramps at the junction of Sheikh Mohammed bin Zayed Road extending 2,600 metres.

The total capacity of bridges at the junction will jump to 36,000 vehicles per hour in all directions, which will ensure smooth traffic flow on the Sheikh Mohammed bin Zayed Road from Al Qusais towards Al Ain.

Better traffic flow and safety

The Dubai-Al Ain Road Improvement Project spans 17km from the intersection of Emirates Road to the intersection of Ras Al Khor Road.

Overall, the project covered the improvement of six key junctions with the Emirates Road, Sheikh Zayed bin Hamdan Al Nahyan Street, Sheikh Mohammed bin Zayed Road, Nad Al Sheba Road, Al Meydan Road and Ras Al Khor Road. These junctions facilitate smooth traffic flow and serve the residential communities on both sides of the road such as the Academic City, Dubai Silicon Oasis, Dubailand Residential Complex, Liwan, and the Dubai Design District.

The bridges at the six junctions stretch 6,600 metres in length and their ramps span 4,900 metres in total.

Six junctions

The project included the construction of a ramp at the intersection of the Emirates Road and the Dubai-Al Ain Road. A 220-metre bridge links Sheikh Zayed bin Hamdan Al Nahyan Street (north and south) with the Dubai-Al Ain Road.

Works also included improving the existing ramp to serve inbound traffic movement from the Dubailand Residential Complex heading westwards to the Dubai-Al Ain Road in the direction of Dubai.

Works included the construction of a new 528-metre ramp to serve inbound traffic from Dubai heading northwards to the Academic City and the Dubai Silicon Oasis. Service roads have been constructed on both sides of the road along with turns to serve other traffic movements and development projects.

Other project works included the improvement of the Nad Al Sheba intersection to serve traffic from the Dubai-Al Ain Road to Nad Al Sheba and vice-versa.

Improvements covered the junction of Al Meydan Road with the Dubai-Al Ain Road, which has been linked with Al Manama Street by a four-lane bridge in each direction. Moreover, the previous bridge connecting Al Meydan Road and the Dubai-Al Ain Road has been improved to serve the residential projects of Meydan.

Roads are a top priority

Sheikh Hamdan said: “Dubai continues to advance the implementation of infrastructure development plans aimed at enhancing human welfare and catalysing sustainable economic growth. The Dubai-Al Ain Road Improvement Project is part of our broader strategy to transform Dubai into the world’s best place to live, work and visit as well as strengthen our readiness to meet future needs in one of the fastest growing cities worldwide.”

Sheikh Hamdan said the government has placed the highest priority on constantly improving Dubai’s road infrastructure.

More projects to ease traffic

Sheikh Hamdan was also briefed on two projects under construction. The first is the Al Manama Street Improvement Project, where the existing roundabouts will be transformed into signalised junctions. Construction for the project is expected to be completed in September. The other is the improvement of the junction of the Academic City on Sheikh Zayed bin Hamdan Al Nahyan Street Project, which is scheduled for completion in December this year.

Enquiries for Dubai property increase threefold following new UAE visa regulations

The number of enquiries by Dubai residents and visitors interested in buying property has tripled following the government announcement on new UAE visa rules, according to real estate broker Union Square House (USH).

The new visa regulations, which will come into effect in September 2022, make the UAE a truly second home for many expats, it said.

Founder and Managing Director of Union Square House, Gaurav Aidasani, said: “ The recent stimulus package in relation to loosening visa restrictions is one of the finest shake-ups to the nation’s visa system, positively impacting countless vital sectors including real estate.

“This move is boosting demand and may send Dubai property prices skyrocketing.”

Dubai aims to increase its population from 3.5 million in 2022 to 5.8 million by 2040, which will create further demand for residential, commercial and hospitality properties.

The new rules represent a major revamp of the UAE visa residency system, easing the eligibility criteria for long-term visas, including Golden Visa, Green Residency, and long-term entry permits for investors, entrepreneurs, professionals, jobseekers, students and tourists.

In light of the new visa regulations, owning properties worth AED 2 million ($540,000) allows an investor to obtain the Golden Residence. There are no restrictions as to whether the properties owned should be mortgaged to a local bank or paid in full, ready or off-plan.

USH spoke to a number of Dubai-based expats about the new visa regulations. Indian Shubhojeet Das said: “As a Dubai-based investor, I am delighted to be able to extend long-term visas to my first-degree relatives. This makes the UAE a truly second home for me and my family.”

One Dubai resident from Egypt, Ahmed Hassanw, said: “I see many perks in the new visa rules, but the main benefit for me as a professional is the Green Visa that offers five-year residency. I’m definitely going for it.”

Last year, USH secured AED3 billion in real estate transactions, expanded its customer-base from six to 30 nationalities. The real estate broker also focused on new markets, capitalising on demand for luxury homes from European, American and Canadian customers.

Dubai apartment rents increase by up to 25% in some areas

Rents in most of Dubai’s areas are growing at a double-digit rate, led by Dubai Marina, Jumeirah Breach Residence, Jumeirah Lake Towers and Palm Jumeirah.

Interestingly, rents in affordable areas such as Deira, Dubai Sports City and Jumeirah Village are also increasing at a double-digit rate as the population continues to expand with more job-seekers coming in search of greener pastures.

Real estate analysts expect rentals will continue to increase for the remainder of this year, albeit at a slower pace, and reach 2014 level by the end of 2022.

According to a study released by Asteco, Dubai Marina saw 25 per cent increase in rentals in the first quarter as compared to same period last year, followed by Palm Jumeirah, Jumeirah Beach Residence and Jumeirah Lake Towers at 22 per cent and Jumeirah Village Circle and Greens at 21 per cent.

Meanwhile, affordable areas such as Deira, Dubai Sports City and Jumeirah Village recorded 11 per cent, 15 per cent and 21 per cent increase in rentals, respectively. While Discovery Gardens and International City saw two per cent and five per cent increases, respectively.

Most of the demand for the property has been witnessed in the mid-to-high-end segment but unabated demand for rental property is now shifting towards affordable areas as well as continued economic and visa reforms are attracting young professionals and high net worth individuals to the emirate. According to Dubai Statistics Centre’s latest data, Dubai’s population has increased by over 100,000 since 2020, crossing 3.5 million mark in April for the first time.

“Average apartment and villa rental rates continued to grow in the first quarter of 2022, particularly in quality developments, with quarterly increases of four per cent and five per cent, respectively. Rental rates across all major asset classes are expected to increase further for good quality properties, albeit at a slower rate,” it said.

Taimur Khan, head of research for Mena at CBRE in Dubai, said average rents in the 12 months to April 2022 have increased by 16.2 per cent, with average apartment and villa rents increasing by 15.1 per cent and 23.5 per cent, respectively.

Prathyusha Gurrapu, head of research and advisory at Core, added that apartments in Palm Jumeirah continue to lead with a rental spike of 38 per cent year-on-year, followed by Dubai Marina (34 per cent) and The Greens and The Views (24 per cent).

Rents to increase further

Gurrapu added that while improving at record pace, these rents are still below 2014 peak values, with villas lagging by 16 per cent and apartments by 33 per cent.

“However, we expect at the current pace, city-wide villa market rents to reach the 2014 mark by end of this year and apartments rents following through. We are seeing many tenants trying to find support from the Rera rental index to avoid sharp rises that landlords are asking for during renewals. However, new leases are driven by market conditions with many landlords, particularly of units in sought-after buildings and districts achieve asking prices,” she added.

Asteco noted that rental rates across all major asset classes are expected to increase further for good quality properties, albeit at a slower rate.

“However, the underlying fundamentals pertaining to supply and demand may curtail sustained real estate market growth. One major concern in regards to oversupply will be the retention of tenants amidst growing competition, as well as attracting new ones. There is a fundamental need for wealth-creating industries in order to generate more employment and business opportunities and increase the Emirate’s population,” it said.

Meet the Emirati businesswoman behind first UAE-made electric car

The countdown for the first ‘Made in UAE’ electric car has begun. And Dr Majida Alazazi, chairwoman of M Glory Holding Group, is super excited for the big day.

“The electric car is called Al Damani DMV300, and we expect the first batch of cars to roll out by the end of June,” she told Khaleej Times during the Electric Vehicle Innovation Summit

“We have established a temporary factory at Dubai Industrial City (DIC). The arrangements began in October last year and we will start production in a few days,” she added

In March this year, Dr Majida along with other top officials laid the foundation stone for the country’s first ever electric vehicle manufacturing facility in DIC. The factory will be finished by 2024. Meanwhile, DMV300 will be made at a temporary factory not far away from the main one getting constructed in DIC.

“My team and I were behind this. I was very selective about my team. I got the best and most talented people from top companies such as Aston Martin, General Motors and others.”

Dr Majida is the first Emirati woman with a practical doctorate in business administration in supply chain management and manufacturing from UAE University. Following her passion to be a pioneer in the industrial sector, she opened an automotive factory: Sandstorm Motor Vehicles Manufacturing.

“Since 2012, I started to develop Sandstorm. It is now a successful factory. We are now going electric with M Glory. We are now planning to do more sustainable projects under M Glory Holding Group.”

The electric car can touch a top speed of 160kms and cover more than 405kms on a single charge.

“When you charge at home, it will get fully charged in 6 to 8 hours. But we have fast charge, which will charge the car up to 85 per cent in 30 minutes. We are working to develop our own charger that can charge within 4 hours at home,” the industrial engineer said.

“About 25 per cent of the car’s parts are from the local market. Soon we will be able to gradually increase this percentage.”

The businesswoman noted that thousands of orders have already been received for electric cars.

“Our capacity per day is 8 to 10 cars and 10,000 cars a year from the temporary factory. Once the main factory gets ready, it will be capable of producing 50,000 to 70,000 cars per year.”

Dr Majida heads various companies and has held positions in government and semi-government companies too.

“We are working in line with the vision of the UAE government’s Net Zero goals,” she added.