Arabian Ranches News – December 2014
The Global Village opened its door for the 19th cultural extravaganza season on November 6. If you have never visited Global village before then you should not miss the chance to visit it this year!
With 31 pavilions from around 70 countries presenting over 12,000 amazing shows and products spread across 17 million square feet, 25 restaurants offering delicious cuisines from around the world, and a play zone called “Fantasy Island” Global Village is promising fun and enjoyment for all. The Village is ideally located along Sheikh Mohammed Bin Zayed Road between Arabian Ranches and City of Arabia.
On the news this month the Dubai Land Department, as part of the Real Estate project revival initiatives, revived about 43 projects on hold since the economic crisis by registering them under Tanmia and Tayseer schemes to get investors on board and ensure completion of these swift projects.
The Middle East investors are looking for real estate portfolio diversification with investment opportunities not only in the residential segment but as well as commercial and hospitality properties. Specifically the healthcare industry with its exponential growth rate is offering attractive investment options to investors.
Revealed: Where Dubai rents have risen the most
Average rents in Jumeirah Village Circle (JVC) increased the most in the last four years, followed by Jumeirah Lake Towers (JLT) and Dubai Marina master developments, an analysis of Dubai’s official rent index by Unitas Consultancy reveals.
New Dubai building law to curb development of luxury towers
The law will aim to restrict the “uncalculated expansion” of luxury buildings in the emirate. As a result, up to 20 per cent of the residential land set out in the Dubai’s Urban Plan 2020, about 6,785 hectares must be made available for homes for lower and mixed-income residents.
Dubai residents ‘pushed to the brink’ by shortage of affordable housing
A dearth of affordable housing is hitting lower and middle income earners in Dubai and harming the city’s competitiveness and ability to attract new residents.
Investors looking beyond Dubai’s residential space
Residential property is no longer the only asset class that wealthy Middle East investors want to park their funds in.
Nakheel starts leasing 5,000 shops at Night Souk on Deira Islands
Stretching 1.9 km along Deira Islands’ waterfront, the Night Souk will include 5,000 shops, in addition to 96 quayside cafes and restaurants.
Damac Towers by Paramount starts to arrive on Dubai landscape
The $1 billion Damac Towers by Paramount project in the Burj Area is to include more than 1,800 units with 1,000 one, two and three bedroom serviced suites and 800-rooms 5-star Paramount Hotel when it is completed in 2016.