Property Times November 2015 eMagazine

///// Issue 36 - November 2015
KUNAL PURI, CEO, LA CAPITALE
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BUYERS
Pg36
COMMUNITY TIMES
DOWNTOWN &
DISCOVERY GARDENS
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DUBAI LAND
DEPARTMENT
LATEST NEWS &
UPDATES
Pg10
UPDATES FROM
AJMAN REAL ESTATE
REGULATORY AGENCY
Magazine Search Awards
Muhammad Binghatti AlJbori,
CEO & Head of Architecture,
Binghatti Developers
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FROM THE EDITOR
AN INEVITABLE
SLOWDOWN BUT
OPPORTUNITIES GALORE
Historically, investors believe the best time to
invest is when the market is going through a
slowdown because the prices will be attractive
andwillgivegoodreturnsoncethemarketpicks
up again. Currently, Dubai's real estate market
offers a plethora of opportunities to investors
because of the unique situation it is in; falling
prices and stable rents., which basically means
highrentalyieldsforinvestors.Dubaihasalways
beenamarketthathasbeenofferingbetteryields
than most of the markets across the globe,
however now the yields are even better. With
moreinvestorsandendusersmakinguseofthe
presentscenario,theDubaimarketisexpectedto
seemoretransactionsinthedaystocome.
InthisissueofPropertyTimes,thecoverstory
focusesonadeveloperthathasbeenfocusingon
the middle income market in Dubai; Binghatti
Binesh Panicker
Editor-in-Chief & Co-Founder
P.O. Box: 76460, Dubai, UAE
MEDIA LAB PUBLISHERS LLC
Office 135, B Block, Al Shafar Investment
Building, Near 3rd Interchange
Sheikh Zayed Road, Dubai, UAE,
PO.Box: 235504, Tel: +971 4 33 86 724
Fax: +971 4 33 86 734
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info@propertyonline.ae
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Licensed by National Media Council
OUR TEAM
DISTRIBUTOR
PUBLISHERDevelopers. We caught up with the CEO of
the developer to find out what lies ahead and
what their vision is for Dubai. Also in this issue
are a number of highly informative articles and
columns by experts which will certainly provide
you with an insight into what is happening in
the market and how it is expected to fare over
the next few months. I hope this issue will help
you all make informed decisions when it comes
tobuyingandsellinginDubai.
Happyreading!
BINESH Panicker
Editor-in-Chief & Co-Founder
binesh@medialabpublishers.com
ANIRUDH V Naduvath
Creative Head
Ani@propertyonline.ae
JATIN Deepchandani
Business Head
jatin@propertyonline.ae
RESHMI Raveendran
Editorial Coordinator
reshmi@propertytimes.ae
NYSAM K Shahul
Senior Graphic Designer
nysam@propertyonline.ae
TOSEEF Ali Tidiwala
Accounts Executive
ali@propertyonline.ae
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E-magazine support
srikanth@propertyonline.ae
MANAF CK
Admin Executive
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MARY Grace Antonio
Executive Assistant to Editor in Chief
grace@medialabpublishers.com
November 2015 Issue -36 /// 5
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12
NEWS AND ANALYSIS:
Green Deal
14
ASTECO IN FRANCHISE EXPOS
16
MORTGAGE EXPERT:
Carol Monis, MortgageMe
18
LEGAL EXPERT:
Jerry Parks, Taylor Wessing
20
NEWS AND ANALYSIS:
Abu Dhabi: Slowing down by REIDIN
26
COLUMN BY Wolf of Real Estate
27
COLUMN BY
Ahid Sheikh, Dejavu Real Estate
28
PRIME VILLAS BY Prescott
Dubai Land
Department
News and analysis:
ARRA
Interview With:
Muhammad Binghatti AlJbori,
CEO ,Binghatti Developers
Interior Times:
Interview With
Ahmed Sultan,Finasi
08 10 22 40
30
COLUMN BY
Nejoud Bassam Nasr, Meedar Real Estate
31
COLUMN BY
Robert Villalobos, Prestige Real Estate
32
COLUMN BY Kunal Puri, La Capitale
36
COMMUNITY TIMES:
Discovery Garden Vs Downtown Dubai
39
COMMUNITY TIMES:
The Jumeriah Lake Towers Specialists
42
INTERIOR TIMES: Product Watch
44
Indian Property Show
46
Exclusive Listings
propertyonline.ae

NEWS&ANALYSIS
REAL ESTATE REGISTRATION
FEE REMAINS THE SAME- DLD
LandDepartment,Dubai
propertyonline.ae

NEWS&ANALYSIS
D
ubai Land Department
reassures that the real estate
registration fee remains the
same and it will not be
increased from the current 4%. DLD
also informs that they will not be
raising the charges collected from
customers to complete their real
estate transaction. It also underlines
that the penalties will be applied on
fees evasion according to resolution
(30) from year 2013 issued by the
Dubai Executive Council after the
ending of the notice period (31st
October, 2015). “Until now we have no
cases of fees evasions from real estate
developers or investors, yet the DLD is
foreseeing a great commitment from
customers to save their rights,” says
HE Sultan Butti Bin Mejren, Director
General of Dubai Land Department.
HE further explains that if
DLD notices that any party evaded
payment of fee in cases specified by
the Executive Council resolution No.
30 of 2013, such as the submission
of incorrect data on the value of the
real estate transaction, using any trick
or way of whatever kind or nature to
evade the payment of fees, then DLD
will impose the penalties mentioned
in Article (6) of the same resolution;
DLD formed a committee headed by
the Director General to respond to
any complaints or concerns in this
regard. HE Bin Mejren added that the
real estate market in Dubai is stable
and is enjoying sustainable growth,
meaning that there is no requirement
to revisit the fees for various activities
and servicing in the near future. HE
also said that the Law (13) of 2008
for Real Estate Registry identified the
need for full compliance with the
registration of properties sold at the
Department within 60 days from the
date of signing of the sale or signing
the booking form contract, stressing
that the department violates the
registration and payment, if it exceeds
that period.
In September 2013, DLD
implemented an increase in the real
estate registration fees from 2% to
4%. The decision was instrumental
in preventing speculators reap quick
profits and threatening the interests
of investors and the market in general.
The real estate market and investors
welcomed the decision for its positive
effect in increasing the attractiveness
of property investment in Dubai.
In spite of the tax increase to 4%, it
still remains less than 110 real estate
markets around the world.
HE Bin Mejren adds that the
real estate market in Dubai is stable
and is enjoying sustainable growth,
meaning that there is no requirement
to revisit the fees for various activities
and servicing in the near future.
propertyonline.ae

T
he Real Estate Regulatory
Agency (ARRA) during its
participation in ARELLO
achieved a huge milestone.
It succeeded in harvesting a large
number of votes for the position of
district- Vice President. H.E. Yafea Al
Faraj, ARRA Chife became the first Arab
national to hold such a position in the
Association of Real Estate License Law
Officials “ARELLO”-one of the most
prestigious state run authorities
in the United States established
in 1930. District-5 will include real
estate regulatory institutions from
the regional and Middle Eastern
countries. The elections took place in
the Washington, DC, during the 4-day
annual conference and celebrations
of the establishment of ARELLO
which was attended by a number
of the Association’s members.“My
selection for this position is an
actual achievement of the ARRA’s
tremendous efforts on both regional
and international levels,” said H.E.
Yafea Al Faraj, adding that “ I present
this success to the Highnesses
Sheikh Humaid bin Rashid Al Nuaimi,
member of the Supreme Council,
Ruler of Ajman and Crown Prince,
Sheikh Ammar bin Humai Al Nuaimi,
Chairman of the Executive Council as
well as Sheikh Abdul Aziz bin Humaid
Al Nuaimi, Chairman of ARRA and to
ARRA Board of Directors.” Since 2009,
NEWS&ANALYSIS
ARRA is an active member of several
international real estate associations,
including Asian and Pacific Real
Estate Association (APREA), Federal
Real Estate Association (FIABCI),
Association of Real Estate License
Law Officials (ARELLO) and Middle
East and North Africa Real Estate
Society(MENARES). ARELLO was
established in 1928, comprising
official governmental agencies and
other organizations around the
world that issue real estate licenses or
registrations in addition to regulating
real estate practice and enforcing real
estate law. ARELLO stands to bring
best practices in real estate sector
around the world.
Ajman
H.E. Yafea Al Faraj, Executive Director of the Real Estate Regulatory Agency-Ajman, said in an interview with
Property Times Magazine about ARRA's participation in ARELLO. Compiled by Reshmi Raveendran
H.E. YAFEA AL FARAJ ELECTED
VICE PRESIDENT OF ARELLO DISTRICT 5
propertyonline.ae

His Excellency Yafea Al Faraj,
Executive Director, Ajman Real
Estate Regulatory Agency
Ajman
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G
reen Deal, online portal
was launched by The
Department of Economic
Development (DED)
in Dubai in partnership with the
Dubai Green Economy Partnership
(Dubai GEP) and Dubai Investment
Development Agency (Dubai FDI),
an agency of DED to focus on
encouraging the residents to adopt
green products. It was unveiled by
His Excellency Sami Al Qamzi, Director
General of DED, His Excellency Ahmad
Butti Al Muhairbi, Chairman of Dubai
GEP and Secretary General of the
Dubai Supreme Council of Energy,
and Fahad Al Gergawi, Secretary
General of Dubai GEP and CEO of
Dubai FDI.
This initiative is also supported
by Emirates Islamic Bank, which will
provide financial aid to the consumers
to buy and sell energy products and
services online. “A clear and cohesive
green policy, which will make the
UAE a healthier and more sustainable
country to live in. The Green Deal will
reach the end users and decision
makers, who will help in achieving
the goal of transforming Dubai and
the UAE into a green economy. The
initiative is a new strategy to shape
the next era of sustainability,” said HE
Al Qamzi.
It is also a marketing platform,
which enables the users to view and
purchase pre-verified energy and
water consumption products and
services. “The Green Deal Dubai (GDD)
initiative is the Dubai Community and
helping them make the right choices.
The use of crowdsourcing allows us
to leverage the bargaining power of
large groups while making the process
of change easier. Green Deal Dubai is
not only about products and services,
but addressing all the bottlenecks and
issues that may deter the individual
from addressing change,” adds Ivanno
Ianelli, CEO, Dubai Carbon Centre of
Excellence. His Excellency Ahmad
Buti Al Muhairbi said, “The Green
Deal initiative is the best way to
mitigate the rising energy and water
consumption in UAE homes. The
collective platform will allow users
to view and buy pre-verified energy
and water consumption products and
services, with ease.”
“Green deal is an energy
efficiency measure that will maintain
the trajectory to sustainable living.
This online marketplace will facilitate
adoption of green technologies and
products amongst UAE residents.
Internationally and nationally,
crowdsourcing has been gaining
immense popularity. Through the
green deal website, we will provide
a hassle free alternative for UAE
residents, boosting a quicker adoption
of green products in the region and
inviting numerous new providers to
the marketplace.” commented Fahad
Al Gergawi.
THE GREEN DEAL
Left to right: Ivano Iannelli, CEO, Dubai Carbon.Nada Jasim, Deputy Director & Sr. Manager, Policy & Planning, RTA.HE Ahmed Al Muhairbi, SG of DSCE.Eng. Abdulla Rafia, Assistant
DG, Dubai Municipality. HE Fahad Al Gergawi, CEO, Dubai FDI. Marwan Abdulaziz, Executive Director, Dubai Science Park. Faisal Aqil, Deputy CEO, Emirates Islamic Bank. Khalid
Al Boom, Deputy CEO, Dubai FDI
MARKET
propertyonline.ae

MARKET
A
steco, the Middle East’s
largest independent
full service real estate
company, is to build
on growing industry interest
in its franchising model with
participation in five high profile
local and international franchise
expos in the GCC and Hong Kong.
The real estate services
leader, one of the fastest growing
real estate franchises in the
Middle East and of the largest real
estate franchises in the GCC, will
attend the International Franchise
Conference and Exhibition from
18-19 November at ADNEC,
Abu Dhabi and the Hong Kong
International Franchising Show
from 3-5 December at the Hong
Kong Convention and Exhibition
Centre and the World Franchise
Associates Forum and Expo from
2-3 February at St Regis Hotel Doha,
Qatar. The company has already
participated in the Middle East
Franchise Expo, Dubai as well as the
Al Ain SME Expo. Asteco’s franchise
model was created to offer small
to mid-sized real estate brokerage
companies, independent realtors
and regional entrepreneurs
looking to break in or diversify
into the real estate sector access
to the expertise of a 30-year old
industry leader. Since launching
in September 2014, a total of 10
franchisees in three countries have
attained licenses from Asteco. In
FRANCHISE EXPOS TO HIGHLIGHT ASTECO’S
UNIQUE BUSINESS MODEL
Asteco to participate in franchise expos, interview with Omar Binder, Director – Licensing Services,
Asteco. Compailed by Reshmi Raveendran
Omar Binder
Director – Licensing Services,
Asteco
addition to the GCC market, Asteco,
is also focusing on international
franchising with several prospects
in negotiation in Europe and North
Africa. Thanks to the success of
the business model, Asteco will
be launching a Training Academy
propertyonline.ae

MARKET
dedicated to the franchisees early
next year, another exclusively for
the company.
“Franchising is a successful
business strategy that is used
in many industry sectors such
as retail and has a proven track
record. This is a first-of-its-kind
opportunity in the region and
successful franchisees will benefit
from association with the Asteco
brand and have the opportunity
to create a bespoke alliance that
will raise professionalism within the
industry,” said Omar Binder, Director
– Licensing Services, Asteco. Since
launching in 1985 Asteco has built
a strong regional presence with a
network of offices complemented
by a full suite of real estate services
for owners, landlords and tenants
including asset management, sales,
leasing, valuation & advisory, sales
managementandownersassociation.
Organised by the World
Franchise Associates Middle
East and North Africa Franchise
Association, the World Franchise
Associates Forum and Expo in
Doha will bring together high net-
worth regional and international
investors and franchisors for two
days of productive one-to-one
meetings. Organised by the Abu
Dhabi Chamber and now in its third
year, The International Franchise
Exhibition and Conference (IFCE)
is the region’s premier show for
connecting show attendees with
the leaders in the franchising
industry. The free-to-attend event
also includes a conference program
with international speakers,
networking and discussion panels.
The Hong Kong International
Franchising show, organised by
HKTDC, will bring together a global
showcase of franchise opportunities
and further underscores Asteco’s
commitment to growth targets.
“All of these events are integral
in establishing Asteco’s Licensing
Services division and supporting
our overall growth strategy, they
are a unique platform to showcase
a market-first for Asteco and for
the industry in the region. We
want to meet passionate, service-
orientated, commercially astute
and credible business professionals.
Events of this calibre provide us
with the means to do so,” remarked
Binder. The licensing model will
also provide franchisees with a
high value referrals service, access
to Asteco’s dedicated intranet
with a comprehensive range of
resources, regular communication
and updates, as well as use of
the industry-leading real estate
software and CRM platform.
propertyonline.ae

If you have any mortgage related queries, please email at editor@propertyonline.ae
Looking for a mortgage? Our expert answers your queries about securing a mortgage in Dubai.
w i t h m o r t g a g e e x p e r t
EXPERTADVICE
Pre-approvals are not mandatory,
but it is advisable that you have
one before you start the property
search. It gives you an idea of the max-
imum you can borrow on your income.
Having a preapproval also puts you across
as a serious buyer, which gives you better
negotiating power with the seller. The
documents required for pre-approval
depend on the client's profile.
I’m planning to buy my first home in
Dubai and my friend suggested that I
get a pre-approval before looking for
ahome.Ispre-approvalmandatoryandwhat
are the documents that I need to produce for
theapproval?
Carol Monis
ClientRelationshipManager
M:+971(0)563748248
E:carolm@Me-Group.ae
SheikhzayedRoad
Certain lenders may accept the
loan application if the delay in
payment is minor. However, if
there is a huge gap between the due dates
and the payments, then the lender might
reject the application.
I had a personal loan with my bank,
which was paid off completely, but
I had a few late payments. Does this
mean that my home mortgage request may
berejected?Ifyes,howcanIgetaloan?
A variable mortgage works on two
components - A fixed lender mar-
gin plus a variable rate. The vari-
able rate can be either the Central Bank
EIBOR or an internal bank lending rate. It
is advisable to go with a lender that has
a lower fixed margin and is linked to the
EIBOR. The EIBOR can be tracked on the
Central Bank website unlike the banks
that use their internal rate which we
cannot track.
How does variable mortgage work
andhowcanIuseittomyadvantage
whenIbuyahouse?
propertyonline.ae

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EXPERTADVICE
If you have any legal queries about buying or renting, please email at editor@propertyonline.ae
Our expert answers the legal queries about buying and renting properties.
w i t h l e g a l e x p e r t
Although most leases specify that
service charges are the responsi-
bility of the landlord, it is perfectly
legalforthetenanttoagreetobearrespon-
sibility for these charges, as in this case. If
the tenant then decides that he doesn’t
like the terms of the lease that he has
freely signed up to, that tenant can only
terminate the lease in accordance with
its terms. So in this case you need to see if
the lease contains any provisions allowing
the tenant to terminate the lease prior to
the expiry date. If it does, the tenant must
comply with those terms (usually a notice
period for which rent must be paid). If it
does not, and you have not breached the
lease in any way, then legally the tenant
is bound by the terms of the lease and lia-
ble for the rent for the entire remainder of
the term. If I were to suggest a reasonable
compromise, it would be for the outgoing
tenant to pay rent for the period during
whichthepremisesareemptypendingyou
find a new tenant, perhaps with a modest
penalty amount payable as well. But then
that kind of solution does depend on both
sidesbeingreasonable,whichisnotalways
the case.
My tenant wants to cancel the 1
yearcontractashedoesnotwish
topaythecommonareamainte-
nance fee, which was specified in the
contract as the tenant’s responsibility.
Please advise.
Jerry Parks
Partner
Taylor Wessing
Your brother can transfer his share
of the property to you. If it’s a gift
andyoucanproveyourfamilyrela-
tionship to the Land Department, then a
reduced rate of transfer fee (currently
0.125%) should apply.
If however, it’s an arm’s length
commercial deal between you and your
brother, and you are therefore paying for
his share, the Land Department is likely to
charge the full rate of the transfer fee (cur-
rently 4%) on the value of the share being
transferred. You may want therefore to
think about how you structure the deal
before you complete the transfer. Your
brother doesn’t need to be in Dubai for
the transfer to take place.
He can grant a Power of Attorney
to another individual (who could be
you but ideally a third party) who can
sign everything and attend at the Land
Department on your behalf. The process
would essentially involve an Agreement
for Sale being signed, the NOC being
obtained from the developer and the par-
ties attending at the Land Department to
effect the transfer.
I have a property that was
co-ownedbymybrother,sincehe
is moving back to the UK I would
like to transfer to my name. What are
theproceduresforitanddoesheneedto
beinDubaitilltheprocessiscompleted?
The answer to this unfortunately
liesinthedetailthatwedon’thave.
It’salldowntowhatwassaid,writ-
ten and agreed between you. If you clearly
communicated to the landlord that there
would be a two week delay, and you can
prove not only that, but also that the land-
lord agreed to it, then you have a strong
prima facie case and you should claim
damages through the Rental Disputes
Settlement Centre.
If however, you are not able to prove
that the two week delay was communi-
cated to the landlord, then in the absence
ofanyadditionalevidenceitwillbedifficult
to guarantee a win in any action taken. I
would suggest that if the landlord has
successfully rented out the property after
a relatively short period of time, then a rea-
sonable compromise would be for him to
return your advance payment in full and
final settlement of the matter.
Ipaidanadvancetothelandlord
of the new house and informed
him that we will be moving in
within2weeks.ButwhenIwenttocheck
the property a few days ago, he had
renteditouttoanotherfamilypointing
outthatwedidn’tinformhimaboutthe
delay and he is reluctant to return the
advance,too.Howshouldweproceed?
propertyonline.ae

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Ahmet Kayhan, CEO, REIDIN.com
NEWS&ANALYSIS
A
bu Dhabi’s real estate market is different from
that of Dubai in many ways. Both markets do not
alwayspassthroughupsanddownssimultaneously.
However,currentlybothAbuDhabiandDubairealty
sectorsareexperiencingaslowdown.InthiseditionofProperty
Times, REIDIN's CEO Ahmet Kayhan tells us what exactly is
going on in the capital’s market.
What are the trends that you observed in villa and
apartment prices in Abu Dhabi?
Both apartment and villa prices are down in Abu Dhabi at
the moment. Apartment rental prices are also down, but villa
rental prices continues to be stable and more resilient to the
downward trend lately.
Please give us the ROI comparison of some of the major
area. What contributed to the fluctuation in the rates?
Abu Dhabi apartment rental yields are between 7-9%, while
Abu Dhabi villa yields are between 4-6%.
Please tell us about the upcoming projects in Abu Dhabi.
Unfortunately Abu Dhabi has a very steady trend of delaying
projects and we estimate the supply numbers provisioned will
be discounted based on the historical trend.
ABUDHABI:SLOWINGDOWN
REIDIN in association with Property Times brings you an exclusive review on the capital’s
real estate market. By Binesh Panicker
AbuDhabi
propertyonline.ae

Source : REIDIN.com
For a detailed update on Dubai and Abu
Dhabi real estate markets, grab a copy
of REIDIN Market Update published in
association with Property Times.
REIDIN.com is widely used by real estate agents
and investors for reliable, well-researched
information on the country’s real estate sector.
REIDIN.com, founded in 2007, is a leading real
estate information company focusing on UAE,
Turkey and other emerging countries. REIDIN.
com helps professionals and individuals easily
access the real estate information they need
to make more informed investment, purchase,
sales, rent, mortgage, finance, development and
management decisions. REIDIN.com ‘Data &
Research Team’ together with a global network of
information partners endeavours to provide high-
end analysis and research support to its clients.
NEWS&ANALYSIS
ABU DHABI RESIDENTIAL SUPPLY 2015-2016
7,058
Under Construction
7,518 Completed
ABU DHABI APARTMENT YIELDS
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
Al Raha Beach Shams Gate
District
Al Muneera Al Reem Island Marina
Square
Al Reef
Downtown
7.4% 7.1% 7.3%
7.8% 7.9%
8.9%
ABU DHABI VILLA YIELDS
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
Saadiyat Island Al Raha Gardens Al Raha Beach Al Reef Villas Khalifa City
4.3%
6.3%
6.8%
7.5%
5.7%
ABU DHABI SALES AND RENT PRICE
-4.0%
Apartment Price Change
(Y-O-Y)
-2.0%
Apartment Rental Change
(Y-O-Y)
-1.0%
Villa Price Change
(Y-O-Y)
0%
Villa Rental Change
(Y-O-Y)
propertyonline.ae

M
uhammadBinghattiAlJbori
is young, suave and artic-
ulate and as the CEO and
Head of Architecture at
Binghatti Developers, he has led
the company’s dynamic growth
with more than 12 completed and
upcoming projects. AlJbori believes
the recent government initiatives
to curb speculation in the market
have provided stability and maturity
in the Dubai Real Estate Sector. In this
exclusiveinterviewwithPropertyTimes,
AlJborishedssomelightonhismission
and vision for Binghatti Developers
future growth and expansion.
Could you please tell us about
Binghatti Developers?
Binghatti Developers emanated from
Binghatti Holding as the real estate
development branch of the Binghatti
Holding group of companies. The
company’s operations focus on Dubai,
however, we have rapidly expanded
to other Emirates with upcoming
projects in Abu Dhabi and Sharjah.
We began operations in 2014 and
currently have a portfolio of more
than 12 projects. We mainly focus
on the mid segment of the market
in areas like Dubai Silicon Oasis and
Jumeirah Village Circle. However, we
have ensured diversity in our projects
with high-end luxury projects such as
the Swarovski Sparkle Towers in Dubai
Marina, a joint venture with Tebyan
Real Estate Development, a project
worth over AED 1 Billion.
What are the design elements that
you have included in your projects
that makes them unique?
As an architect, I believe the design
of the building should reflect the
designer’s soul. This is the reason
I choose to personally design all
Binghatti Developers buildings, as
I firmly feel that every great brand
should reflect the passion and vision
In an exclusive interview with Property Times, Muhammad Binghatti AlJbori, the CEO of
Binghatti Developers, gives us an insight into the company, its projects and long term plans.
Written by Binesh Panicker; compiled by Reshmi Raveendran
COVERSTORY
Muhammad Binghatti AlJbori
The CEO of Binghatti Developers
propertyonline.ae

COVERSTORY
propertyonline.ae

THE DESIGN PHILOSOPHY THAT I FOLLOW IN MOST OF
MY BUILDINGS IS THE CONCEPT OF SINGULARITY VS
COLLECTIVITY. TO ME, A BUILDING IS A PLACE WHERE
INDIVIDUALS COME TOGETHER TO LIVE AS ONE COMMUNITY.
A COMMUNITY IS MADE UP OF INDIVIDUAL ELEMENTS, AND
WHEN YOU BRING THOSE ELEMENTS TOGETHER, YOU CREATE
AN AMALGAMATED, UNIFIED ENTITY.
COVERSTORY
of its founder. As a car enthusiast,
I often refer to the leviathans of
automobile history, such as Enzo
Ferrari and Ferruccio Lamborghini-
their brands and products still carry
the souls and passion of their founders
today. The design philosophy that I
follow in most of my buildings is the
concept of singularity vs collectivity.
To me, a building is a place where
individuals come together to live
as one community. A community
is made up of individual elements,
and when you bring those elements
together, you create an amalgamated,
unified entity. In Binghatti Apartments
the individual element was cubes, but
when it came to Binghatti Views, the
cubes evolved to take a shape where
they seem to be cut and positioned
at different angles to provide a truly
unique design.
What can you tell us about the
finish of Binghatti Views?
Whether it’s Binghatti Views,
Binghatti Apartments, or any other
Binghatti Developers project, we
have ensured that only the highest
standards are associated with our
buildings. In all our projects, we
feature world class materials from
distinguished international suppliers.
Some examples are our sanitary
fixtures from Grohe and Villeroy &
Boch, Handcrafted marble imported
from Italy, high quality ceramics
from RAK Ceramics, Mitsubishi Lifts,
ABB Switchgears, and a Health
Club by Technogym. We focus on
providing these world class brands
to distinguish ourselves from the
developers in the market overlooking
these details.
Please tell us about the payment
plans that are on offer.
Our payment plan for Binghatti Views
consists of a down payment of 10%
and a 5% payment every month until
50% of the purchase price is paid,
the remaining 50% payment is due
upon completion and handover of
the building.
Which income segment are you
targeting?
We are focused on providing high
quality homes for middle class
families in the UAE, most of our buyers
are taking home a salary in the bracket
of AED15,000 to AED30,000. We offer
the best quality in the mid segment
and our strong reputation for timely
delivery is crucial to end users and
investors who want to avoid the
delays that have plagued the Dubai
Real Estate Sector in the past. Our
projects consistently yield their
investors more than 10% net returns,
making the decision for investors
very simple. The brands and materials
that we use in our projects are rarely
found in mid segment properties, and
the designs of our buildings offer a
unique home that people are proud
to live in. Our aim in this segment is to
offer people what they dream of in a
home at a reasonable price. Instead of
paying AED130,000 in rent every year
with no investment return, a client
can purchase and own their own
home which can provide capital gains
and a solid rental yield for investors.
You can now pay a reasonable price
and get a product that has hitherto
not been offered in this niche.
What were some of the earlier
projects of Binghatti Developers?
BinghattiResidenceshasaninteresting
story behind it, the proposed design
for it was very rich and classical, and
propertyonline.ae

COVERSTORY
when I came on board, I suggested
a change in the design to something
more fresh, chic, and modern. Within
one week, I changed the design of
the entire building to something
completely different. The first week
after completion witnessed an
avalanche of enquiries from end
users in the community, however, we
had already finalized an agreement
with a Class A hotel operator for the
full building. When we realized that
there was strong demand for our
exclusively designed and innovative
product, we decided to launch
something for end users, rather
than just focusing on institutional
investors, and that’s why we
launched the Binghatti Apartments
project. It was a great success for the
company and we were blessed that
it exceeded our expectations. We
conducted a survey regarding what
attracted buyers to our project the
most, and it showed that our design
and architecture was the number
one reason. The feedback that we
received is what encouraged us to
push forward with more projects. At
Binghatti Developers, we focus on
giving our clients something to be
proud of, we ensure that they live
in a building that is truly iconic and
representative of our brand.
Please tell us about the current
state of the real estate market
and how it may affect the sales of
Binghatti Views.
Anytime I hear concerns about
the health of the Dubai Real Estate
market, I smile, because I see it
as the perfect time to buy. Today
it is undeniable that Dubai is a
mature Real Estate market, any
mature market should experience
corrections. These corrections
occur to prevent a repeat of the
2008 downturn. Furthermore, the
leadership of the UAE Government
has ensured that the country remains
a stable and secure safe haven for
investors throughout the MENA
region. Under the prudent vision of
H.H. Sheikh Mohammed Bin Rashid
Al Maktoum, the Dubai government
has wisely introduced new
regulations through the Real Estate
Regulatory Authority. We support the
government’s initiatives to stabilize
the market from any volatility and we
feel that it is best for the long term
sustainability of the Dubai and UAE
Real Estate Market.
What are the future plans of
Binghatti Developers?
Our strategy is very clear; expansion,
expansion, and more expansion. We
are aiming for 300% growth over
the next 2 years. We’re planning our
growth in other Real Estate sectors
including commercial buildings and
the hospitality and industrial sector.
Binghatti has just recently broken
ground on a manufacturing facility
in Khalifa Industrial Zone, Abu Dhabi
coveringnearlyhalfamillionsquarefeet.
Do you have any new projects in
the pipeline?
We are planning to launch a
signature Binghatti project in a
prime location of Dubai Silicon Oasis
within the next couple of months.
The modern architectural concept
is inspired by the rich heritage and
culture of the UAE. We’ll be sure that
Property Times is the first to hear
news of the launch.
propertyonline.ae

I
n the post GFC period, yields from
any type of investments became
increasingly harder to find and
without doubt, the post global
recession environment saw investors
having to take greater levels of risk
to generate acceptable and goal
satisfying yields. Dubai’s rental yields
have always been strong, particularly
when compared to countries where
rental income is taxed at high marginal
tax rates. With a market that boasts an
Average Gross Yield of around 7.0%, it
has for some time stood as a beacon
forthose whoappreciatethesignificant
structural and regulatory development
that the market has undertaken which,
in reality, decreases the risk perception
associated with investing in the market.
Butreally,whatisthetruemeaning
of Gross Yield? Gross Yield is the income
onaninvestmentpriortoexpensesbeing
deducted expressed as a percentage.
Simple.ButGrossYieldonlymeasuresthe
income as a percentage of the original
purchase price and does not reflect
the effects of significant underlying
fluctuations in underlying asset values
such as those that have been witnessed
in Dubai during the past 5 years.
Nevertheless,therationhasitsuses.Itcan
provide a retrospective view or learning
opportunitybyrevealinghowaccurately
market factors were comprehended,
analyzed,forecastedandmodelledwhen
planning a particular development;
it can highlight inefficient and costly
construction methods and techniques;
it can highlight future price / revenue
adjustment opportunities, new
segment or geographic concentration
opportunities; it can reveal superior (or
inferior) sales, branding and marketing
techniquesorsuperiorproductattributes;
it can highlight impending revenue
and eventual margin pressure where
yields appear a little too extravagant
when compared to the market or even
highlight where an industry is with
regards to its cycle. Gross Yields can
also highlight inefficiencies because
inefficiencies, unless corrected, must
be eventually supported by either
Gross Yield or margin reduction.
Logically, expectations of Net Yield will
always pressure Gross Yield and the
cost of resources required to generate
that Gross Yield. In times of tight
supply, inefficiencies in construction,
administration, maintenance and
operating methodologies are hidden
because elevated Gross Yields driven
by excessive market demand are more
likely to drive acceptable Net Yields for
investors. However, the real test as to
effective Yield management is when
supply exceeds demand.
At Harbor, we are also interested
in the Capitalization Rate (or Cap Rate)
of an existing property. Capitalization
rate is the rate of return on a real estate
investmentpropertybasedontheincome
thatthepropertyisexpectedtogenerate.
Thecapitalizationrateisusedtoestimate
the investor's potential return on his or
her investment. The capitalization rate
of an investment may be calculated by
dividing the investment’s net operating
income (NOI) by the current market
value of the property, where NOI is the
total revenue derived from renting or
leasing the property less all operating
costs. Put simply, the Cap Rate = Net
Operating Income / Current Market
Value Given that the capital values of
property in Dubai has, in many cases,
shown significantly greater volatility
than the income being derived from
the property, we need to look at the Net
OperatingIncomebeinggeneratedfrom
thepropertyattoday’svalue.Thisallows
us to see whether the property’s wealth
generating performance is improving
ordecliningbyreferringtotheCapRate.
If the Cap Rate is declining, it may lead
us to conclude that to sell the property
and reinvest elsewhere would generate
greater income and/or overall wealth
even if the Gross or Net Yield still looks
impressive. We also use Cap Rates as
part of our suite of objectives when
establishingaclient’spropertyportfolio.
We will determine the lowest cap rate
that the client should accept in order
to make the investment worthwhile.
Typically, we will suggest a Cap Rate of
between 5% and 10%, depending on
expectations of asset value fluctuations
going forward. As revenues are typically
locked in courtesy of rental contracts
for at least 12 months or, in the case
of Commercial leases anywhere up
to 5 years, the ability to accurately
forecast the potential and likely shifts in
property asset values will be essential to
establishingrealisticandachievableCap
Rates and forming longer term property
portfolio strategies.
Thereisanotherusefulapplication
oftheCapRate.Whenyoudivide100by
the estimated Cap Rate you arrive at an
estimate, expressed in years, which will
provide an indication of the payback
period of the investment. For example,
an investmentwith a cap rate of 7% will
have an estimated payback period of
20 years. Caution must be used when
using this ratio, however, and it must be
reviewed periodically as the underlying
asset value and the revenues generated
from the asset will always exhibit
different rates of volatility.
CAPITALIZATION RATE …
WHY IT’S IMPORTANT ?
Mohanad Alwadiya, MD of Harbor Real Estate & Instructor at
the Dubai Real Estate Institute, the official
training & certification arm of the Dubai Land Department
MARKETpropertyonline.ae
propertyonline.ae

T
he shift from being a
tenant to a homeowner
is an achievement many
yearn for, however not
many manage to do this easily.
In the Dubai real estate market,
more and more are striving
to achieve this momentous
milestone, and are able to reach
this ambitious objective.The
reason for this can be broken
down into several categories.
The first one is the increase in
rent. In early 2015, rents increased
by as much as 5.74%. As rents
have increased, sales prices
have stagnated and in many
areas declined. These shifts have
made logical tenants invest their
money in an appreciating asset
as opposed to paying rent.
A large factor contributing
to the shift from tenancy to
ownership is a decrease in
interest rates, with some banks
giving as low as 3.5% on home
loans, access to money has
become much easier, leading
to an increase in home owners.
Payment plans have also become
more flexible, certain developers
are even providing interest free
payment plans post hand over,
Ahid Sheikh, Director, Dejavu Real Estate
forexample,youcanmoveinand
pay 2% per month for three years
with certain developers; such
opportunities have been highly
successful as the payments are
extremely reasonable. Along
with payment plans, a lot more
affordable communities have
beenlaunched,suchasNshama’s
Town Square and Deyaar’s
Midtown, both these projects
have targeted first time buyers,
meaning there will be a further
increase in homeowner’s as
opposed to tenants.
There are many benefits
to being a homeowner rather
than a tenant, as a homeowner
you receive some protection
from inflation. Many people
view their home investment as
a hedge against inflation. The
house price index breaks down
the changes by region and areas.
If prices rise in a specific area,
you are locked in to your buying
price, but when you rent you
can face rent increases as much
as 5% per annum. In Dubai, there
is a common complaint amongst
expats, they came here to save
money, however the cost of
living has led them to spending
all of their income, and in some
cases taking personal loans to
fund their lavish lifestyles. Buying
a property can be considered
as forced savings, if you rent
an apartment, the money is
considered gone forever. When
buying, your money is going
towards an appreciating asset,
when you sell, all the money you
have put into the property can
be liquidated, providing you with
a large sum of money in savings.
In conclusion, there
have been several factors
that have converted tenants
into homeowners. It is not for
everyone, but in the current
market it makes a lot more
sense to buy an apartment
due to flexible payment plans
and low interest rates available,
while combating increasing
rental prices. This shift is a sign
of a maturing market, when
comparing Dubai with the
Londonmarketandothermature
markets, approximately 80% of
residents are home owners, as
apposed to approximately 20%
being renters. Dubai is heading
in the right direction of being an
established mature market.
TENANTS TURNING TO HOMEOWNERS:
ANALYZING THE TREND
MARKET
COLUMN
propertyonline.ae

MARKET
propertyonline.ae

P
rescott Developers recently
launched its flagship project
named Prime Villas located in
the heart of Dubai Sports City.
It previously delivered two projects
named Prime Residency 1 and 2 and
Prime Business Centre in 2009 and
2010 respectively. Prime Residency
1and 2 enjoys the vicinity of 328
families with their covered car parking
facility and secured access to their
homes. Prime Business Centre offers
170 commercial offices overlooking
Dubai Cricket Stadium and Sheikh
Mohammed Bin Zayed Road. Prime
Villas’ community overlooks the
lush green and beautiful Els Golf
Club. It will be a community within a
community located next to the only
mosque in Dubai Sports City’s vicinity.
Prime Villas will be fully secured
gated community comprising of 31
units which are segregated into 19
five bedrooms and 12 four bedroom
semi-detached villas. Prime Villas will
house its own community centre
which will have swimming pool, latest
fully equipped gym, sauna, barbecue
area and a small party hall. Prime Villa
community will ensure that their
residents stay fit, hence provided
its own jogging track and garden
facility too. All villas are tastefully
decorated with Pergola along with
the block tiles at their entrances. Its
floor plan is designed in such a way
that even a family of large number of
occupants can enjoy the space. All
villas will be equipped with a central
air conditioning system by York and
solar panel system for water heating
facility. Entrance foyer decorated
with high finishing marble along
with a storage area and daylight
feature, which ensures brightness
and tranquility in the villa.
Prime Villas have two living
areas for its residents as one will be
decorated with a covered glass door
which is interconnecting with en-suite
bedroom located on the ground floor
with a size constraint sliding door
shows ample space in the vicinity. The
main living area has 12 foot ceiling,
which complements huge windows
for bright sunlight. The dining area
is well connected with open kitchen
equipped with Bosch appliances
along with Hacker’s Cabinetry and
safety alarm system for gas leakage
and maid’s room. The staircase leads
up to all four en-suite bedrooms with
high ceiling and ample storage spaces.
Each bedroom will host a balcony and
a window to ensure the occupant feels
fresh and airy throughout their stay.
Sleek furnishings and modern décor
will provide a cozy base for families
and relatives. Bathed in light from the
huge windows, the rooms offer Els Golf
Course and community views. The
project is expected to be delivered in
the first half of 2016.
PRIME VILLAS BY PRESCOTT
Shafi Tabani, Director, Tabani Real Estate
Shafi Tabani, Director
Tabani Real Estate
MARKET
propertyonline.ae

F
or the past ten months,
there is confusion when
it comes to investing due
to the fluctuating market
situation. The buzz words
making rounds these days are
recession, bubble, and bust. It
is a general consensus that the
market in Dubai is in trouble and
things may be on the way to
getting worse. This is, of course,
the buzz and what the majority
of the general public does not
realize is that the Government
has plans and steps in place to
provide the right boost needed,
at the right time. Expo 2020 is
just four short years away and
Dubai is busy, working towards
making this a fantastic success.
There are development projects
underway and more in the
planning stages.
Dubai South is one such
ongoing project. It is designed
to be a completely self-reliant
city - with shops, malls, medical
Nejoud Bassam Nasr,CEO, Meedar Real Estate Brokers
services, eateries and more all
this in a city within the city of
Dubai. Another noteworthy
project is the Al Maktoum
Airport. Once this airport is
completed, it will be the world’s
largest global gateway with
the capacity of more than 160
million passengers per year. It
will also serve as a multi-modal
logistics hub for 12 million
tons of freight. Due to these
developments, there is news
of investors coming from the
East and the West. With them
will come, in parts, cultural and
traditional influences – sticky
rice from the orient, pizza waffles
from the Americas. The mix of
cultures, which is so prominent
in the UAE and also endearing
about it, will once again be
further enhanced.
Experienced real estate
professionals in Dubai have
opined that business owners
in Dubai have preferred to
rent commercial space for
their business rather than
buying. However, trends are
now showing that business-
owners are moving towards
buying a commercial property
for operating through, and as
a form of investment. Statistics
show that currently 25% of
commercial properties in Dubai
are for sale while 75% are for
rent. A similar trend is being
witnessed in the market for
residential properties. Where
individuals could only rent due
to lack of financials previously,
are now able to invest towards
buying property with the help
of mortgages and loans.
So, is this the right time to
start a business, to set up a shop?
It is! The future seems bright, rife
with opportunities and things
are one the upswing; however,
the voice of experience advises
to be prepared for teething
problems.
NEW TRENDS IN COMMERCIAL SPACE
MARKET
COLUMN
propertyonline.ae

T
here are still reasons to
be extremely positive
regarding the Dubai
property market as we
head into Q4 2015. Although
the decrease in the number of
transactions and price drops are
a current fact of life, demand
remains strong in prime locations
suchasPalmJumeirahandDubai
Marina along with less desirable
locations like Dubai Sports City
and Jumeirah Village Circle.
Although prices have dropped
significantly, The Palm Jumeirah
is still very much in demand with
end-users and investors due to
the ever-evolving additions
of local amenities and superb
location. With the current
development of retail in Golden
Mile and Nakheel’s plans to link
the Shoreline and Golden Mile
with walkways, retails and cafés
this will add to the excellent
infrastructure which are already
in place.
Dubai Marina continues to
be very popular with investors,
end-users and renters due to
the wide variety of amenities
available on their doorstep,
excellent local transport links
with the new Tram line and
Robert Villalobos, Managing Director, Prestige Real Estate
Metro, wide selection of
availability for most budgets
and stunning Marina View
location. An endless selection
of restaurants and shops will
keep the interest constant for
buyers and tenants. Looking
outside the prime areas is also
highly recommended due to
the improving infrastructure,
higher return on investment and
excellent price points. Jumeirah
Village Circle sees continued
demand, more and more
properties are being handed
over and the infrastructure is
improving all the time. Although
it’s still considered a building
site, looking beyond that is very
much recommended. There are
some exciting projects planned
along with some fantastic value
apartments and villas available.
The addition of supermarkets,
improving transport links and
proximity to major roads make
this a location that is seeing
more and more interest. Sports
City has an excellent value even
though there are parts that
are still under construction,
but you can still receive a very
healthy return on investment,
as it’s very popular with renters
due to affordability, improving
amenities and location. Studios
and one-bedroom apartments
still offer an exciting and cost-
effective alternative to prime
Dubai areas. Along with the
varied selection of sport facilities
and local amenities, Sports
City will continue to attract
strong investment. Although
we’re in a cooling off period
Investors from the GCC and sub-
continent region will continue
to purchase in prime Dubai
and surrounding locations due
to the continued financial and
political stability, it’s still seen
as a safe haven in the Middle
East. I think we’ll certainly see an
increase in Iranian investment
due to the nuclear deal, which
is imminent with the USA. More
and more developments are
being launched with attractive
payment plans, giving buyers
more choice than ever before.
The current price correction
is a natural step on the way
to a more sustainable market,
longevity and is also helping
to evolve business practice as
companies are changing the
way they work to move with this
evolving, educated and rapidly
maturing market.
HIGH DEMAND AREAS IN
DUBAI AND WHY
MARKET
COLUMN
propertyonline.ae

B
uying the first property
is always an exciting and
overwhelming experience.
Exciting, as we put all our
wants, needs and desires in a bag
and then we go out for shopping.
Then while our shopping spree is on,
we are overwhelmed by the available
options, which lead to doubts. These
doubts lead to questions like whether
I’m taking the right decision or is it
the right thing to do. Suddenly, the
process, which one should enjoy the
most becomes an extremely daunting
task. Yet millions of people have been
there before you and have gotten
their first property with a smile in the
end. Buying a property is just like any
other task, it’s just that the first time
buyers have to do a bit of homework
beforehand and once that homework
is done, you'll have the best possible
chance of finding a place you can
afford for a price you can handle and
call home. We have given below a
simple yet very effective process; at La
Capitale we call it “7 Steps to your first
HOME.” This is highly recommended
for any first time buyer. The steps will
assist you to understand the process
and will also make the entire process
very feasible.
1. REVIEW YOUR FINANCES
Before clicking through pages of
online listings or seeing different
homes and falling in love with your
dream home, do a serious audit
of your finances. First look at your
savings. Don't even consider buying a
home before you have an emergency
savings account with minimum three
to six months of living expenses.
Then look at how much is left over
in your savings, investments, funds,
accounts, etc. that could go toward
a down payment of the property.
Next, review exactly how much you’re
spending every month, this will tell
you how much you can allocate to a
mortgage payment.
Make sure you account for
every Dirham you spend on current
rent of your apartment, utilities, kids'
activities, food, car maintenance and
payments, clothing, entertainment,
retirement savings, regular savings,
miscellaneous little items, etc., to
knowhowandwhereanewmortgage
payment fits into your budget. Don’t
forget how moving would change
your transportation costs to work.
In Dubai as per Central Bank rule for
any expat (without extremely few
exceptions) a bank will finance 75% of
the property value and a UAE national
Kunal Puri
CEO, La Capitale Real Estate
Kunal Puri, CEO, La Capitale takes Property
Times readers through the whole process of
buying a home in Dubai for the first time.
BusinessBay
MARKET
STEPS
TOYOUR
FIRST
HOME
propertyonline.ae

will receive 80% of the property value.
So one should keep 25% as a down
payment towards the property. One
should also calculate your cash flow
the Dubai Land Department fee,
which is 4% of property Selling Price
and Agency Commission, which
is 2% property Selling price, bank
processing fee 1% loan amount,
personal life insurance, property
evaluation fee, pre-approval cost,
NOC charges, transaction fee, etc. No
matter which way the negotiations
goes, eventually one should keep
32% to 33% as immediate cash of
the property selling price towards
any renovation or move-in cost. “If
you find great security in owning your
house, save more money for a large
down payment and find a loan that
works for you.''
2. NEIGHBORHOODS
Once you have your budget set, the
best way is to first choose the top two
localities in your mind. Remember;
don’t exceed more than two localities
as that will only delay your process
of buying and it will increase your
frustrations in the process. Buyers
who opt for over two locations have
most of the time ended up buying a
property which is higher than market
price, as with your daily work and
family commitment; practically one
can’t track market trends of three to
four localities. Once you have chosen
the top two localities, look for the
realtors who specialize in that area. This
will save a lot of your time and effort.
Realtors do a lot of your groundwork;
so it’s always better to meet at least
four to five realtors and then narrow it
down to your No. 1 option.
However before finalizing your No.1
choice of realtor,
-Define a timeline for them.
-Educate him / her towards your
requirements,
-Clear your expectation with them.
-Make them accountable for their actions.
-Make them aware of the consequences on
non-delivery.
Never go into the market with
two realtors at a time; as this will hit
you back. Sellers will think there are
many buyers in the market. Eventually
you will never get the right price for
the property. Always remember one
thing, the realtor who will say YES for
all your requirements, will waste your
time; so never work with them (as
100% is never possible in this world).
3.BANK/MORTGAGEPRE-APPROVAL
Many specialized and senior realtors
will not spend time with clients who
haven't had a bank pre-approval. And
in most instances, sellers will not even
entertain an offer seriously, that’s not
accompanied with a mortgage pre-
approval. That's why – if you don't
have all cash; your next step is talking
to a lender and/or mortgage broker.
In Dubai, buyers have an advantage.
Since most of the realtors work with
different banks; it’s always better to
ask the realtor first, as they will give
an unbiased opinion on the different
banks' Interest rates, so you can opt for
the best for you. Don’t be bound by
loyalty when seeking a pre-approval
or searching for a mortgage. Never
hesitatetotakeamortgagefromanew
bank even if you have never worked
withtheminthepast.Meetatleasttwo
lendersandthengetyourpre-approval.
Choosing a mortgage advisory firm
is also a good option; however, this
option comes with an extra cost.
4. RIGHT TIMING
Experts recommend to choose the
right time to buy the property. By
RIGHT TIME, experts mean; avoid
times like – when you have just
renewed the tenancy contract or
when your child's school session has
just started or closer to holiday season
or when you are planning an annual
BEFORE CLICKING THROUGH
PAGES OF ONLINE LISTINGS
OR VIEWING DIFFERENT
HOMES AND FALLING IN
LOVE WITH YOUR DREAM
HOME, DO A SERIOUS AUDIT
OF YOUR FINANCES.
DubaiMarinaPalmJumeirah
MARKET
propertyonline.ae

vacation or closer to one’s marriage or
any big financial planning. Remember
home buying experience is supposed
to be a positive stress-free process.
Don’t make it a nightmare for you and
your family.
5. RIGHT PROPERTY
When finalizing the property; always
compare the mortgage installment to
your rental, which you are currently
paying. The industry specialists say
that for a comfortable purchase allow
a maximum of 10 to 15% above your
rental monthly installment. This will
give you same lifestyle and joyfulness
towards owning a home. Many first
time buyers look for their dream
house; however, the focus should be
on the “Right Property”. We all know
that we can never get 100% from our
desired list, so while searching the
main focus should be on below list
(this can vary on individuals):
Daily commuting to your Home from:
Office School Airport Highways
Friends&otherFamilymembershouse,etc.
Accessibility of different facilities like
Hospital School Shopping Malls
No of lifts in building
Communityamenities
Restaurants BeachSupermarkets,
ParksRecreationAreaCommunityClub,
Town Centers / Community Markets
Infrastructure of Community (No of exit
from the community), etc.
FamilySize
Current & Future Family Size
Guest Accommodation Security
PropertyUp-keepCost
Annual Maintenance Fee Chiller Fees
Property Insurance Fee Expected Utility
ChargesMunicipalityFeeExpectedMajor
& Minor maintenance, etc.
Off-Plan/Ready.
 Payment plan option on Under
Construction Property Which are the top
developers.
Look for Value for MONEY.
WhendoyoureallyNEEDnotwanttomove
into the property.
Use current RENT to make an asset
PropertyView&Location
Sea, Community, Lake, Neighbor’s, etc.
Sun-rise / Sun-set
Noise from nearby roads
Corner / End Unit, etc.
6.HOME INSPECTION
After your offer has been accepted,
don’t forget to get an independent
home inspection report for the house
you are purchasing. Spending even
extra AED5,000/- can educate you
about the house and the possible
areas of challenge expected in a
particular community. It will also
help you to know if you are expecting
any huge maintenance bill for any
un-expected repairs. You can also
leverage your offer depending on the
results of the inspection report and
make the seller is financially respons-
ible for all or some of the repairs.
7. EXIT STRATEGY
Purchasing your first home is perhaps
the biggest financial decision you’ll
ever make. Once you have pinpointed
the Right Property as per your needs
and requirements; you should always
RE-THINK one last time before you
make an offer or take any decision.
Remember; “Keep a door open for
Exit before you Enter”. Don't take on
more financial obligation than you
can handle. A small stretch may be
worth, but a big one could haunt you
if life gets temporarily bumpy.
ALWAYS
Redo your numbers on property
 Relook at your EMERGENCY funds.
Relook at your CASH FLOW.
Ask the magical question, “DO I NEED
THIS NOW?”
If your answer is YES to the
magical question; go ahead and
secure the DEAL for your HOME & this
will be the best decision you would
have ever taken in your LIFE.
Happy Home Search.
JumeirahDubaiSheikhZayedRoadView
MARKET
W: www.lacapitaledubai.com
E: admin@lacapitaledubai.com
T: 04 38 83 001 | RERA No: 2610
propertyonline.ae

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From India’s Leading Developers Only At The
Indian Property Show!
To avoid Queues Pre-Register online at www.IndianPropertyShow.com
/IndianPropertyShow @IndianPrptyShow /indianpropertyshow
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Organised BySupported By
Official Television Partners Knowledge Partner
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Platinum Sponsors Remittance PartnerOfficial Radio Partner
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Over 170 Developers
from across India, displaying over
600 projects from Apartments,
Villas, Row Houses, Plots,
Commercial and Retail
Properties!
Your Choice of City
Over 45,000 properties from Delhi, Noida,
Greater Noida, Gurgaon, Jaipur, Kolkata,
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Bengaluru, Mangalore, Kochi and many
more cities.
Free Seminars
& Legal Advice
Attend Free Seminars on Property
Investment, High Growth Cities
in India, Taxation, Legal, Vaastu
- and also seek Free Legal Advice
relating to your existing properties,
New Purchases and Tenancy Laws.
Property Brokerage
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For your assistance we bring to you
Property brokers from across India
who can help sell your existing
properties.
NEW
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visit www.IndianPropertyShow.com/kids-competition/

COMMUNITY TIMES
DISCOVERYGARDENS
Nakheel developed Discovery
Gardens in modern
residential design. The
community offers six
distinctive themes to its
residences; Zen,
Mediterranean,
Contemporary, Mogul,
Mesoamerican and Cactus.
Its close proximity to business
and economic centers makes
it an ideal location. Like the
name suggest the
community consists of lush
gardens and parks to bring a
sense of peace and serenity
to its residences.
AED 839/SQ.FT. (SALESPRICE)
AED 7.1/SQ.FT. RENT/ MONTH
AREA 2.2 sq.km
Occupancy
90.37%
COMMUNITY
CONNECTIVITY
Restaurants / Fashion brands / Super markets
JOGGING TRACK / YOGA CENTERS
SCHOOLS
4
TO CITY CENTER
10
HOTELS
50RETAIL
OUTLETS
TO PARK
+
10
MINS
TO AIRPORT
20 15MINS
TO METRO STATION
MINS
MINS
+ +
MOGUL CLUSTER
STUDIOAPARTMENT
SQ:493SQF|VIEW:GARDEN
AED 490,000
FULLBUILDING
MEDITERRANEAN
CLUSTER,UTYPE
BEDROOM:23STUDIOS
AND43UNITSOF1-BR
SQFT:67,000SQF|VIEW:GARDEN
AED50,000,000
AKYLAKIMOV
T: +971 4 45 333 15
E: akyl@areb.ae
M: +971 55 9091717
BRN: 28174
DISCOVERYGARDENS
2
Timur Madjitov
M: +971 563934290 | BRN: 30752.
E: Timur@sasrealestateuae.com
Office 2006–Silver Tower–Business Bay-Dubai,
F: +971 4 453 7242, ORN: 12366, W: www.areb.ae
ZENCLUSTER
STUDIOAPARTMENT|SQFT:507SQF
VIEW:COURTYARD|AED540,000
Wardé by Trevi DesignWardé by Trevi Design
MEDITERRANEANCLUSTER
1BEDAPARTMENT |SQFT: 968SQF
VIEW:GARDEN|AED695,000
STUDIOAPARTMENT |SQFT:528
AED550,000
AED53000/YRIN2-3CHQS
(AVAILABLEFROMMIDOFDEC.)
AED:500,00yrin4chqs
AED500,000VACANT
Office No. 606,
Business Village Block B, Dubai
W: www.sasrealestateuae.com
T: 04 2504444 | ORN: 11666

29 BOULEVARD TOWER 2
3 BEDSAPARTMENT | SQ FT : 1,543
VIEW: FULL FOUNTAIN VIEW
AED 5,800,000
APARTMENT WITH A HUGE PRIVATE
TERRACE IN 29 BOULEVARD TOWER 1
2 BEDS | SQ FT : 3,200 | VIEW: N/A
AED 4,700,000
BURJ KHALIFA
ROOM: 3 BEDS APARTMENT
+ MAID’S ROOM SQ FT : 2,333
VIEW: SEA AND DIFC | AED 6,420,000
DOWNTOWN
COMMUNIDOWNTOWN
Downtown Dubai is the
burgeoning hub of Dubai
with the tallest building at its
centre. It has a unique mix of
beautifully designed
residential and commercial
towers. Consisting of
world-class hotels and
developments, makes
downtown a sophisticated
destination, equally preferred
for residential and
commercial purposes. Emaar
offers a solitary, yet startling
example of fun and business
through Downtown Dubai.
AED 2,308/SQ.FT. (SALESPRICE)
AREA 2 sq.km
AED 10.9/SQ.FT. RENT/ MONTH
COMMUNITY
CONNECTIVITY
Restaurants / Fashion brands / Super markets
JOGGING TRACK / YOGA CENTERS
SCHOOLS
5
TO CITY CENTER
5
HOTELS
5
100RETAIL
OUTLETS
TO PARK
+
10
MINS
TO AIRPORT
15MINS
TO METRO STATION
10MINS
MINS
+ +
The Address Dubai Mall
Studio Apartment
Sq Ft : 729
View: Fountain & Burj Khalifa View
AED 2,700,000
29 Boulevard Tower 2
2 Beds Apartment
Sq Ft : 1440
View: Fountain View
AED 4,500,000
The Address Boulevard
1 Bed Apartment
Sq Ft : 918
View: DIFC View
AED 1,800,000
29 Boulevard Tower 1
1 Bed Apartment
Sq Ft : 906
View: Burj Khalifa & Fountain View
AED 2,900,000
City Tower 2, 1302
Sheikh Zayed Road Dubai
Tel: +971 4 3860666
Web: www.khuyoolproperties.com
Occupancy
84.02%
Awais Zafar
+971-55-2677793 , ORN 2042
Awais@khuyoolproperties.com
Brn 35087
USMAN LATIF
SENIOR PROPERTY CONSULTANT
M: +971 56 174 1866 | BRN 27899
E:usman.latif@cluttons.com
22ND FLOOR, ARENCO TOWER
SHEIKH ZAYED ROAD, DUBAI | ORN 422
T: +9714 365 7700, F: + 971 4 430 5291
W: WWW.CLUTTONS.COM/AE/DUBAI/

J
umeriah Lake Towers developed by
DMCCisaprimeandexcitinglocation
in Dubai. With well conceptualized
buildings, JLT is definitely an ultra
modern community. Rohan Raval, the
Director of Canary Island Properties tells us
how they became the specialists in JLT.
Please tell us about Canary Island
Properties.
Canary Island Properties has been in the
Dubai market since 2007, during which we
focusedoncapturingareaslikeJLT,Marina,
Jumeirah Beach Residence, Downtown,
Business Bay, etc. With over 20 brokers, we
are growing aggressively in the market.
The company is jointly directed by me and
Devendra Pancholi. We have a huge client
baseandweareintheprocessofexpanding
internationally.
What made you focus on JLT?
JLT was one of the most promising
communities, as it was in close proximity
toallthemajorareaslikePalm,JBR,Marina
and Emirates Living. With regards to the
commercial sector, it provided free zone
license as DMCC, attracting large foreign
companies and investments. It is the only
community that had both freehold and
free zone options making it unique. You
can get a free zone licensed office to work
in, and own a freehold apartment in the
samecommunity. CanaryIslandProperties
is majorly specializing in commercial
properties and 60% of our sales is obtained
from JLT including residential, commercial
and retails. We specialize in commercial
Tower like Al mas, Gold Tower (AU Tower),
Silver Tower (AG Tower). We also have
selectedateamthatfocusesonlyinJLTarea.
JumeirahLakeTowershasalwaysbeenour
favorite to work with, due to its plotting of
the buildings and the quality lifestyle it
offers, which makes a catchy impression
on customers.
Which are the other areas that you
specialize in?
We specialize In Jumeirah Beach
Residences, Dubai Marina and Emirates
Living majorly, but now we are expanding
to Downtown, Jumeirah Golf Estate,
Business Bay and Palm Jumeirah. We have
highlyqualifiedagents,workingspecifically
and specializing in these areas and our
teamhasalwaysshowngreatperformance
in their dedicated areas.
In conversation with Rohan Raval, the Director of Canary Island
Properties . By Reshmi Raveendran
THE JUMERIAH LAKE
TOWERS SPECIALISTS
GOLDTOWER
1,200SQ.FT.|HIGHERFLOOR
AED1,100/SQ.FT.|SHELL&CORE.
EMIRATESLIVINGVIEW
AL MAS TOWER
800 SQ.FT. | HIGHER FLOOR
AED 2,100 /SQ.FT. | FITTED
LAKE VIEW, DUBAI MARINA
& JLT SKYLINE.
CONCORDE TOWER
2BEDROOM DUPLEX
AREA: 2,353 SQ.FT.
VIEW: EMIRATES LIVING VIEW
RENTED AT AED 153,000
SELLING PRICE: AED2.1M.
AL SEEF TOWER
3 BEDROOM + MAID
AREA: 2,860 SQ.FT.
VIEW: DUBAI MARINA SKYLINE
+ SEA VIEW | VACANT
SELLING PRICE: AED 3.1M.
SILVER TOWER
1,118 SQ.FT. | MID FLOOR
AED 1,000 /SQ.FT.
SHELL & CORE. | LAKE VIEW
AL MAS TOWER
1,600 SQ.FT. | HIGHER FLOOR
AED 2,150 /SQ.FT. | SEMI FITTED.
LAKE VIEW, DUBAI MARINA
& JLT SKYLINE.
MADINATOWER
2BEDROOM+MAID
AREA:2,046SQ.FT.
VIEW:EMIRATESLIVINGVIEW&SZR
RENTEDATAED160,000
SELLINGPRICE:AED2.15M.
LAKE POINT TOWER
1 BEDROOM | VACANT.
AREA: 900 SQ.FT.
VIEW: DUBAI MARINA SKYLINE
+ SEA VIEW
EXPECTED ROI 7-7.5%
SELLING PRICE: AED 1M.
INVESTOR DEAL
Mob: +971 55 62 60844
ORN 12063
www.canaryislandproperties.com
DEVENDRA PANCHOLI
enquiries@canaryrealty.com
BRN - 27190
COMMERCIAL
RESIDENTAIL
COMMUNITY TIMES
COMMCO
JLT

INTERIOR TIMES
INTERINT
F
inasi is an all Italian fit-out
specialist in Dubai. Its portfolio
includes world-class luxury
brands like Armani CASA,
Molteni & C, Dada, Gandia Blasco,
Colombini and many more. Property
Times caught up with Ahmed Sultan,
the General Manager of Finasi to learn
more about these products and about
the process through which these
beautiful masterpieces are born.
FINASI’S BIRTH IN DUBAI:
The company was started in 2008
during the much talked about
recession. Ahmed says, “ We started
in 2008, the time when many were
leaving the market, we decided to
come in though it was a bit of a
bullish move. But it clearly gave us
the time to catch up with the terrain
and ground when the market was a
bit slow and also gave us the time
to understand the market. We
took that opportunity to grow as
a company to where we are now. “
Ahmed was given the opportunity
to create and establish Finasi in
Dubai using his passion for interiors
and design as his companion. He
decided to start Finasi with just
five employees and then trained
them and created a foundation
that today makes it one of the most
distinguished interior companies
with over 85 employees.
INTRODUCING THE BRANDS:
Ahmed says that, “ Most of the firms
and projects that used our products
were specialists and they knew our
brands well, but the challenge was to
educate the direct customers on the
brand and the quality of the product.
“ He also believes that it is an evolving
process and that buying a branded
couch is like buying an expensive car
where the customer requires accept
the quality and the craftsmanship of
the product.
“A large scale of people are
here on a temporary basis, so we do
understand that our market is limited
to people who really appreciate that
quality. I must say that there is a niche
market, which we built over the years,”
adds Ahmed. He also thinks that the
local component is very strong; some
of them are very classical in their
taste, but the younger generation is
enthusiastic about the quality that
they offer.
In conversation with Ahmed Sultan, General Manager of Finasi. By Reshmi Raveendran
INTERIORS
Ahmed Sultan, General Manager of Finasi
FROM ITALY
TO DUBAI
propertyonline.ae

RIOR TIMESTERIOR TIM
LOVE FOR DESIGN:
Ahmed also explains about his true
passion for the designs and interiors.
“I always loved art and design, though
it was not my profession. My mother
was in the same business so I got
accustomed to quality and nice
designs in your home and around
me. Also from the projects that
she undertook I got a sense of
understanding and love for it. What
I have now is nearly a path that was
paved for me and I absolutely love
doing this. I love delivering quality
and executing the projects with the
same passion.” His personal design
style is also a reflection of this. “I have
always loved modern contemporary
designs, high walls, shadow gaps and
now skirtings with whites and grays
and a touch of flashy colours where
they are required with lots of open
spaces,” explains Ahmed.
FUTURE PLANS FOR FINASI:
Finasi is on its way to take its rightful
place in the design capital of Dubai
the D3, “Our headquarters and
showrooms will be moved there
and we are scheduled to open by
June 2016, so that’s going to be an
interesting move and we are going
to work on our new office and
showroom. We are happy to be a
part of that community and it is also
a very important investment for us.
We are also in negotiations with
some new brands that can bring
more colour and vibrancy to our
collection, which we should finalize
by the end of this year,” concludes
Ahmed with a high- tone.
INTERIORS
propertyonline.ae

INTERIORS
INTERIOR TIMES
INTERINTLively & charming
collection
Al Huzaifa
Furniture:
The new sofa collection
of Al Huzaifa definitely
speaks loud of its Italian
artistry and brings the
essential contemporary
feel. Comfort and style
come together in this
collection, they were
designed as statement
pieces that can keep your
living room on fleek.
(Available at Al Huzaifa Furniture)
Burgundy Designs:
The Blanche Couture collection from Burgundy Designs is a French artisan
inspired lace pattered look that adds glamour and elegance to your décor.
(Available at Burgundy Designs)
1. Al Huzaifa- Magdalena- AED 42,000 | 2. Al Huzaifa- Maxine Set - AED44,425 | 3. Al Huzaifa-Merlinda Sofa - AED29,900 |
4. Burgundy Designs- Vintage Setee- AED8,000 | 5. Burgundy- High Arms Settee- AED 9,500 | 6. Burgundy- Indian Cove Sofa-
AED 13,500 | 7. Burgundy- Settee Sofa - AED 9,500
2
3
4
6
5
7
1
propertyonline.ae

RIOR TIMESTERIOR TIM
INTERIORS
8 9
10
11
13
14
1516
17
12
8. Ethan Allen- Georgetown Bed Queen - AED 18,110 | 9. Ethan Allen-Georgetown Dresser - AED 19,670 | 10. Ethan Allen-Georgetown Wardrobe
- AED 48,400 | 11. Minotti- Benson- AED 39,100 | 12. Minotti- Kirk Bench- AED 17,300 | 13. Minotti- Lang Bar Cabinet- AED 51,900 | 14.Minotti-
Lang Living- AED 43,200 | 15. Warde by Trevi Design- Rubies of Regale Throne- AED3,750 | 16. Warde by Trevi Design- Very British Loveseat
Throne- AED7,000 | 17. Warde by Trevi Design-The Audrey Throne- AED4,000
Minotti:
The fine Italian design philosophy of Minotti is clearly visible in its
latest collection. The simple yet elegant design was created with a
touch of gold or metallic hue to bring out its true charm.
(Available at Aati)
Wardé by Trevi Design:
Born from the region Wardé by Trevi Design brings someunique
and timeless pieces in this collection. Its latest collection boasts
about its extravagant and luxurious fabrics with large iconic
images and bright colors. These pieces are sure to give your
home the ultra modern look.
(Available at Wardé by Trevi Design)
propertyonline.ae

MARKET
T
he Indian Property Show is
all set to for its 17th edition
of biannual Indian Real
Estate expo in Dubai. This
edition of IPS will be featuring over
170 developers and is expected
to welcome over 15,000 potential
visitors. It is to be held at World
Trade Centre, Hall 2, from 1st
to 3rd
December and will be enriched with
the presence of major developers like
India bulls, Lodha Group, Kanakia,
Kalpataru, Wadhwa Group, L&T,
Ozone Group, Mantri Developers,
Sobha Developers, Goel Ganga,
Rachana Lifestyle, Saarthi Group
and many more. The exhibitors will
be exhibiting their latest projects
and diverse offering to over 15,000
NRIs. The show will be an excellent
opportunity for NRIs in Dubai to meet
with developers from across India and
to learn more about the latest market
trends and best practices. The show
also offers a unique opportunity to
To be held at World Trade Centre Dubai, Hall 2, from 1st to 3rd December
17TH
EDITION OF INDIAN
PROPERTY SHOW
propertyonline.ae

LABOR CAMP
AL QOUZ 2
G+2 Labor Accommodation
166 Rooms
Holds 660 Tenants
2 Kitches
2 Dining Halls
80 Toilets and Showers
2500 sq ft.
SELLING PRICE
OVER 30 MILLION
BUILDING FOR SALE
AL BARSHA 1
Premise Residential Building
with retail shops
BUILDING FOR SALE
IN INTERNATIONAL CITY
B+G+10+HC
Plot Area 23602 sqft
BUA 188000 sqft
1 Bhk 84 Units
2 Bhk 40 Units
3 Bhk 08 Units
02 Retail | Gym 02 | Pool
Mob : +971 50 202 0117
+971 55 807 2244
Tel : +971 4 443 3737
Toll Free : 800 777 -333
BRN: 3457, ORN: 1048
3910 Citadel Tower, Business Bay
Sheikh Zayed Road
G+5
No of Units - 12 - 2BHK
16 - 1BHK
02 out let
parking 28
TWO SHOPS RENTED
AT AED 1.6 MILLION
HANDOVER AFTER
1 MONTH
PARTY HALL +KITCHEN
FOR PARTY HALL
ROI AED 10 MILLION
SELLING PRICE
AED 130 MILLION +
TRANSFER + COMMISSION
SELLING PRICE
AED 57 MILLION+
TRANSFER +COMMISSION
converse with real estate agencies
from India for the ones who are
interested in selling a property
back home.
Sunil Jaiswal, President of
Sumansa Exhibitions, organizers of
the event said, “With every edition,
we have tried to bring something
new to the Indian Property Show, but
essentially the Indian Property Show
is designed to fulfill the needs of NRIs
looking for their dream home or an
ideal investment in India. The show
presents the choicest properties from
across India including Delhi, Noida,
Greater Noida, Gurgaon, Jaipur,
Kolkata, Goa, Ahmedabad, Mumbai,
Navi Mumbai, Pune, Chennai,
Coimbatore, Hyderabad, Bengaluru,
Mangalore and Kochi, among others.”
Stressing on the importance of the
show, he added “The basic idea is to
bring together the biggest possible
display of the latest properties in India
for the NRIs living in the UAE. This
year is more exciting in a sense that
we are hosting such a huge number
of exhibitors which automatically
translates into a wide choice of
projects for investors. Combined with
free seminars that provide a wealth of
knowledge on current realty trends in
India, investors will be able to make
informed decisions.”
A recent survey published by
Sumansa Exhibitions, shows that
young NRI population own a large
percent of the property investments
in India. The study demonstrates the
importance that Indian community
gives to the idea of owning a dream
home in India and also sheds light
into the long standing fact, the
strength of Indian economy.
The next exciting event is the
free seminar with a hand-picked
lineup of industry experts addressing
some of the hottest topics of the
day, including investment gurus,
property consultants, legal advisors
and banking experts will all be
conducting seminars on a number of
related subjects ranging from Vaastu
to know your city and property
investment among others.This year,
visitors can also look forward to
a new seminar on Taxation to be
conducted by an expert chartered
accountant from India.

RERA # 203
04 4308902
www.castlesplaza.com
Agent Sophia | BRN: 11628 | Mobile: 050-8499717 | sophia@castlesplaza.com
EMAAR ORIGINAL SIX TOWERS
SP: AED 4,300,000 NET
MARINA PROMENADE
SP: 2,500,000 NET
MAJARA
Marina View, Vacant
S.P. 2,650,000 NET
PARK ISLANDS
Panoramic Marina View, Rented
SP: 2,750,000 NET
AZZURE TOWER
Marina View, Vacant
SP: 2,200,000 NET
MARINA PROMENADE
Full Marina View, Vacant
SP: 4,500,000 NET
PARK ISLANDS
S.P. 1.6M NET
MARINA PROMENADE
SP: 1,750,000 NET
MARINA QUAYS
Marina & Pool View, Rented
SP: 2,300,000 NET
AL SAHAB
Full Marina View, Vacant
SP: 3,350,000 NET
COMMUNITYSPECIALIST

COMMUNITYSPECIALIST
CRAIG HUTCHINS (Brn: 11469)
PROPERTY CONSULTANT - SALES & LEASING
+971 56 7282806 | ch@spfrealty.com
JUMEIRAH ISLANDS MANSION
 5 BEDS VILLA
 BUA 8,452 SQFT | PLOT 12,250 SQFT
 THE BEST MANSION LOCATION FACING LAKE
AND SKYLINE
 VACANT & READY TO MOVE IN
AED 16,999,999/-
ENTERTAINMENT FOYER,
MEDITERRANEAN CLUSTER,
 4 BEDS VILLA
 BUA 5,242 SQFT
 RENTED UNTIL DEC ’15 (VACATING NOTICE ISSUED)
 CLOSE TO ENTRANCE
AED 7,300,000
MASTERVIEW
 5 BEDS VILLA
 BUA 6,013 SQFT | PLOT APPROX. 14,000 SQFT
 EUROPEAN CLUSTER  ON THE MAIN LAKE
 BEAUTIFULLY UPGRADED.
 POTENTIAL TO BUY LAND EXTENSION,
MUST BE VIEWED TO BE APPRECIATED.
CALL FOR PRICE
GARDEN HALL
4 BEDS VILLA BUA 5,382 SQFT
LAKE VIEWVACANT | AED 7,600,000
GARDEN HALL
LAKE VIEWVACANT | AED 7,600,000
ENTERTAINMENT FOYER
ISLAMIC STYLE | MAMLUKI STYLE
VACANT ON TRANSFER
GARDENS AND SKYLINE VIEW
STUNNING UPGRADED INTERIORS
CALL FOR PRICE
ENTERTAINMENT FOYER
ISLAMIC STYLE | MAMLUKI STYLE
VACANT FULL LAKE VIEW | AED 7,600,000
ENTERTAINMENT FOYER
4 BEDS VILLA OASIS CLUSTERS
BUA 5,242 SQFT VACANT FULL LAKE VIEW
AED 7,300,000
Tel +971 4 3396222 | www.spfrealty.com
JUMEIRAH ISLAND
S P E C I A L I S T

RERA # 203
04 4308902
Call: OKSANA|BRN 11556 | Mob 050 425 2031
CALL AMAR 050 625 5710
Enlist you Properties for Sale/ Rent / More Details Call 050 62 55 710
GENERALLISTINGS

RERA # 203
04 4308902
JUMEIRAH GOLF ESTATE
Call: GEETU|BRN 25209 | Mob 055 112 6979
Bahar, 3 BR+maids, BUA 1,966 sq.ft.
Vacant
SP: AED 2,600,000/- Net
Sadaf 2, 4 BR+maids, BUA 3,144 sq.ft.
SP: AED 3,500,000/- Net
CALL SOPHIA 050 849 9717
GENERALLISTINGS

+971 4 3882220
aquaproperties.com
RERA ORN # 303 Suite 1601, Boulevard Plaza Tower 1, Burj Khalifa District, Dubai facebook.com/aquaproperties
CONTACT FOR ALL YOUR DUBAI REAL ESTATE BUYING, SELLING AND INVESTMENT OPTIONS
J5 SERVES AS THE QUINTESSENCE
OF LUXURIOUS LIVING CONSIST OF
1, 2 & 3 BEDROOM APARTMENTS.
FO
R
SA
LE
&
R
EN
T
SAAD (BRN 31375)
055 3934342
ATIF (BRN 29715)
050 3895677
J5 - AL SUFOUH
READY TO MOVE IN
(FINANCING AVAILABLE)
FEATURED PROPERTY
DEALS OF THE MONTH
3 BED, 4 BATH, 3,800 SQ.FT.
SEA & GARDEN VIEW
AED 7,800,000
HANNA (BRN 31369)
050 1738201
CANAL COVE - PALM JUMEIRAH
STU
N
N
IN
G
V
IEW4 BED+MAID, 5 BATH, 6,347 SQ.FT.
LAGOON VIEW
AED 25,800,000/-
DOROTHY (BRN 29200)
056 1053655
JUMEIRAH ZABEEL SARAY - PALM JUMEIRAH
EXQ
U
ISITE
3 BED+MAID, 3 BATH, TYPE A, 2,184 SQ.FT.
FULL SEA AND MARINA VIEW
AED 3,100,000
AL BASRI - PALM JUMEIRAH
U
PG
R
A
D
ED
BRENDAN (BRN 32045)
056 1168803
2 BED, 3 BATH, TYPE C, 1,709 SQ.FT.
FULL SEA & MARINA
AED 3,995,000
BRENDAN (BRN 32045)
056 1168803
OCEANA SOUTHERN - PALM JUMEIRAH
B
EST
PR
IC
E
GENERALLISTINGS

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Property Times November 2015 eMagazine

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Property Times November 2015 eMagazine