Owning a home in the UAE is now well within the reach of many mid-income expat families living here. 2015 has been a year of affordable-home launches with convenient payment plans in the UAE. MoneyCamel team takes you through the most recent affordable apartment launches in the UAE:
‘Dubai Creek Harbour at The Lagoons’ is a mixed-use project being jointly developed by Emaar Properties and Dubai Holding. The sprawling waterfront development is expected to be thrice the size of Downtown and upon completion will include over 39,000 residences, 3,600 offices and 20 hotels. The project will spread across 6 million square metres.
In a deluge of Luxury Homes in Dubai, is there anything out there for the Average Middle Income Family?
Luxury villas, and high-rise apartments, golf estates and water-front homes – Dubai realty offers the best to whoever can afford it. But with many who are saving up for the perfect home, does the Dubai property market offer homes that are affordable and good value for money?
Masdar was established in 2006 by the Mubadala Development Company (owned by the Abu Dhabi Government). The company is organized into 5 business units – Masdar Capital, Masdar Special Projects, Masdar Clean Energy, Masdar City & Masdar Free zone. The independent research arm that connects these is called the Masdar Institute. Masdar operations are spread across clean energy development, clean technology investment, consultancy, sustainable urban development, Masdar City Free Zone and Research & Development.
While buying a property in Dubai remains an attractive option for investment, the important question of where to buy property, still remains. The first question every potential homebuyer must answer is “Where to buy a new property in Dubai?" In a well-established community in a popular location, or in a new or off-plan community in an upcoming area? MoneyCamel team weighs the pros and cons of both the options against each other, to help you make a decision.
Town Square is a residential mega-project launched in early 2014 by Nshama. Town Square will be located further down the Al Qudra road, next to Emaar’s residential project, Reem. Upon completion, the Town Square residential community will include over 3,000 townhouses and 18,000 apartments.
Royal Estates is a mixed-use real estate project which was launched in August 2014 in Dubai as a joint venture between Aristocrat Star Investments, Pacific Ventures and PAL Developments. The Royal Estates project was stalled in 2008 during the real estate and financial crisis, but was re-launched around the time when the property market in Dubai started booming.
Reem is a residential master-planned community launched by Emaar in 2013. It is located on the intersection of the Emirates Road and Al Qudra road, not very far from the Arabian Ranches.
Reem will offer a desert themed lifestyle to its future residents. It is set to feature the first-of-its-kind set of activities like camping, camel riding, sand surfing, skating, go-karting, rock climbing and much more. Reem will also include a desert botanical park within the gated community.
AKOYA by DAMAC was launched by DAMAC in 2013 amidst a lot of publicity and hype. Being advertized as the "Beverly Hills of Dubai", AKOYA will feature luxury residences set around an 18-hole PGA championship golf course - The Trump International Golf Course and amidst 400,000 square metres of lush green landscaped surroundings. With high-end retail and leisure facilities available and a popular location on Al Qudra road, just opposite the Arabian Ranches Phase II community, AKOYA by DAMAC has grown in popularity amongst investors and end users alike.
Dubai Hills Estate is a high-end community being developed by Emaar Properties and Meraas Holding, in a joint collaboration between the two real estate power houses. The luxury residential project is being developed in the first phase of the Mohammed Bin Rashid City and stretches over a massive 11 Million square metres. It is located at the junction of Al Khail road and Umm Suqeim road, with Sheikh Zayed road being very accessible too.
Dubai Hills Estate will feature the following three communities within: