Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
Sunday, December 23, 2007
Al Manal Development- first company to issue Pre-registration Certificates
Al Manal Development is the first company to issue the Pre-registration Certificate for its La Vista Residence project, in line with the recently introduced new system by the Real Estate Regulatory Authority (RERA).
The Chairman of Al Manal Development, Juma Al Ghurair, said that after being the first to implement the Escrow Account Law, Al Manal, is now, the first to issue the Pre-Registration Certificate.
He said that Dubai, being a competitor in a world market, the business practices and laws should be the best, if it wishes to increase its international property investment. The creation of RERA, and introduction of new laws, has generated stability in the market, which would benefit investors and developers alike.
RERA, which covers three areas, permits developers to input all pre-sale, change of ownership and mortgage activities. The Pre-sale category includes full registration of buyer's information, property details, and the amount sold for. The mortgage section is filled in on completion of pre-registration, and will include the mortgage plan, which is chosen and approved by the buyer. The Change in ownership section will include updates of any change of ownership that RERA and the property developer can keep track of.
RERA, Chief Executive Officer, Marwin bin Gholaitah, said that the pre-registration system would provide more credibility to developers, and create better trust between developers and customers, as the information regarding property would be safely registered in a secure system, approved by RERA.
source: estatesdubai.com
The Chairman of Al Manal Development, Juma Al Ghurair, said that after being the first to implement the Escrow Account Law, Al Manal, is now, the first to issue the Pre-Registration Certificate.
He said that Dubai, being a competitor in a world market, the business practices and laws should be the best, if it wishes to increase its international property investment. The creation of RERA, and introduction of new laws, has generated stability in the market, which would benefit investors and developers alike.
RERA, which covers three areas, permits developers to input all pre-sale, change of ownership and mortgage activities. The Pre-sale category includes full registration of buyer's information, property details, and the amount sold for. The mortgage section is filled in on completion of pre-registration, and will include the mortgage plan, which is chosen and approved by the buyer. The Change in ownership section will include updates of any change of ownership that RERA and the property developer can keep track of.
RERA, Chief Executive Officer, Marwin bin Gholaitah, said that the pre-registration system would provide more credibility to developers, and create better trust between developers and customers, as the information regarding property would be safely registered in a secure system, approved by RERA.
source: estatesdubai.com
Diamond Views in Jumeirah Village progresses on schedule
Diamond Developers, a new class of property developers in Dubai, have announced both projects, Diamond Views 1 and Diamond Views 2, which are progressing as per the planned schedule during the construction phase.
Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, eighty types of single bedrooms apartments, and three types of double bedrooms apartments. The townhouses offer a selection of two, three and four bedrooms.
Ideally positioned in Jumeirah Village, the Diamond Views offers its residents all the amenities that define Dubai's standard way of living, featuring parks, sports courts and tracks, shopping, fine dining, movies, countless night life choices and more.
The shoring and excavation works have been completed, and currently, Diamond Views 1 is at the stage of townhouses foundation up to tie beams. The construction of first phase of Diamond Views 2 began during early part of this year.
The shoring, excavation, dewatering and foundation works is being handled by Jeet Contracting. The expected completion date for first two phases is December 2008.
source: estatesdubai.com
Diamond Views, the Dh.1bn project, located in South Jumeirah village, features town houses and residential buildings. The buildings offer four different kinds of spacious studios, eighty types of single bedrooms apartments, and three types of double bedrooms apartments. The townhouses offer a selection of two, three and four bedrooms.
Ideally positioned in Jumeirah Village, the Diamond Views offers its residents all the amenities that define Dubai's standard way of living, featuring parks, sports courts and tracks, shopping, fine dining, movies, countless night life choices and more.
The shoring and excavation works have been completed, and currently, Diamond Views 1 is at the stage of townhouses foundation up to tie beams. The construction of first phase of Diamond Views 2 began during early part of this year.
The shoring, excavation, dewatering and foundation works is being handled by Jeet Contracting. The expected completion date for first two phases is December 2008.
source: estatesdubai.com
Mawarid Finance offers financing for The Centrium purchasers
Mawarid Finance, a Dubai-based public joint stock company, specializing in Islamic Finance, have entered into a partnership agreement with ETA Star, for providing finance to purchasers of units in 'The Centrium' at International Media Production Zone (IMPZ) in Dubai. Potential buyers can get up to 95% finance, and will have to pay installments after moving into their apartments.
The 'Centrium' in Dubai, comprises of four towers, interlinked to each other by bridges and with common facilities in a spacious garden setting. The apartments are available in configurations of single, double and triple bedroom apartments with latest hi-tech amenities.
The Chief Executive of Mawarid Finance, Mohammed Al Neaimi, said that the financing of the 'Centrium' units is based on Ijara principle, with an undertaking to transfer title on fulfillment of buyer's contractual commitments.
source: estatesdubai.com
The 'Centrium' in Dubai, comprises of four towers, interlinked to each other by bridges and with common facilities in a spacious garden setting. The apartments are available in configurations of single, double and triple bedroom apartments with latest hi-tech amenities.
The Chief Executive of Mawarid Finance, Mohammed Al Neaimi, said that the financing of the 'Centrium' units is based on Ijara principle, with an undertaking to transfer title on fulfillment of buyer's contractual commitments.
source: estatesdubai.com
Dubai property prices unlikely to stabilize in next few years
The real estate prices in Dubai are unlikely to stabilize during the next five years, in case the rent-cap is not lifted, and if the government does not take initiative to implement measures that could contribute in improving the supply market, say experts.
Property price trends in DubaiA study of the Dubai real estate sector by the Dubai Chamber of Commerce and Industry (DCCI) revealed that demand and supply of real estate will reach equilibrium only in 2023, provided, the government does not interfere or bring in new policies.
The Director of DCCI's Data Management and Business Research, Dr. Belaid Rettab, said "Equillibrium is when demand meets supply, and the prices remain stable."
Imposing rent cap, apart from delaying the process of stabilizing the market, will not be able to address price hikes too. Being supporters of liberal business, we do not prefer to have rent caps. The simplest solution to prevent price hikes is to bring in more supply to the market. The government, apart from supporting development of mortgage sectors, will also have to arrange finance facilities to developers so that they could build more, Rettab said.
The DCCI study revealed that the property prices have increased by a 10 percent cumulative annual growth rate in the medium term. The long term increase was 4 percent, which translates itself into an average price hike of seven percent, equivalent to the current rent cap imposed by Dubai government.
The DCCI study revealed that the government policies will positively influence income, population, cost, financing availability, tastes and preferences of buyers and speculation of future prices that could contribute to increase in demand.
The increase in supply will depend on the financing, production inputs cost, construction technology and expectation of future demand.
source: estatesdubai.com
Property price trends in DubaiA study of the Dubai real estate sector by the Dubai Chamber of Commerce and Industry (DCCI) revealed that demand and supply of real estate will reach equilibrium only in 2023, provided, the government does not interfere or bring in new policies.
The Director of DCCI's Data Management and Business Research, Dr. Belaid Rettab, said "Equillibrium is when demand meets supply, and the prices remain stable."
Imposing rent cap, apart from delaying the process of stabilizing the market, will not be able to address price hikes too. Being supporters of liberal business, we do not prefer to have rent caps. The simplest solution to prevent price hikes is to bring in more supply to the market. The government, apart from supporting development of mortgage sectors, will also have to arrange finance facilities to developers so that they could build more, Rettab said.
The DCCI study revealed that the property prices have increased by a 10 percent cumulative annual growth rate in the medium term. The long term increase was 4 percent, which translates itself into an average price hike of seven percent, equivalent to the current rent cap imposed by Dubai government.
The DCCI study revealed that the government policies will positively influence income, population, cost, financing availability, tastes and preferences of buyers and speculation of future prices that could contribute to increase in demand.
The increase in supply will depend on the financing, production inputs cost, construction technology and expectation of future demand.
source: estatesdubai.com
Ground-breaking held for Indigo Spectrum 1 and 2
One of fastest growing real estate development companies, Indigo Group, has announced the ground-breaking of their project, Indigo spectrum 1 and 2 in the Central District of International City, Phase 1 in Dubai.
The eight-storey Indigo Spectrum 1 and 2 comprises exquisite residences, with single, double and triple bedroom apartments, and feature a rooftop pool, ground floor retail, and fully equipped gym that represent contemporary metropolitan living.
The Director of Indigo Properties, Anand Lakhiani, expressing his delight over the construction, said that Indigo Spectrums 1 and 2 are set to deliver an exciting living experience at International City. He said that he was confident about the concept being embraced by the market, which would make way for a series of stylish, affordable living solutions.
source: estatesdubai.com
The eight-storey Indigo Spectrum 1 and 2 comprises exquisite residences, with single, double and triple bedroom apartments, and feature a rooftop pool, ground floor retail, and fully equipped gym that represent contemporary metropolitan living.
The Director of Indigo Properties, Anand Lakhiani, expressing his delight over the construction, said that Indigo Spectrums 1 and 2 are set to deliver an exciting living experience at International City. He said that he was confident about the concept being embraced by the market, which would make way for a series of stylish, affordable living solutions.
source: estatesdubai.com
Subscribe to:
Posts (Atom)