THE ESTATE ISSUE 05 - July 2018 SOLID TOWNSQUARE FOUNDATION Upcoming Community in the Making to Move in P. 4 P. 14 INVESTMENT MERAAS BLUEWATERS in Commercial FEATURED PROJECT Property P.20 P. 12 A REALTORS VALUE P. 10 O R N 274 Real Estate News Investment Tips Market Analysis Industry Update 2 THE ESTATE - Issue 05 July 2018 3 Note to Our Readers Dear Readers PAGE 04 PAGE 12 PAGE 20 Greetings for the season & a warm welcome to the 5th issue of The Estate SOLID FOUNDATION FEATURED DEVELOPER INVESTMENT IN Magazine. This issue features a variety of articles including those about IN THE MAKING COMMERCIAL PROPERTY Dubai and its real estate market, tips and sneak peeks by industry experts, market updates, latest news and more! In this issue we have shared the new UAE laws & how that is going to affect the real estate market. We have captured a snapshot of the Real Estate Market review for Q1 Year 2018, throwing light on the top areas in Dubai for sale and rent and how 2018 is set to become the year of the investor. The report also shares the supply indicator and comparisons between the predictions and reality. PAGE 06 PAGE 14 PAGE 22 NEWS & VIEWS TOWNSQUARE - Q1 2018 PERFORMANCE Additionally, we have thrown some light on what is role of realtor & what UPCOMING COMMUNITY he brings on to the Table. Further, we showcase a selection of our hot TO MOVE IN properties in premium locations that are too good to be missed! I would also like to thank my team of Graphic Designer, Photographer & Listing Coordinator for helping me put together this issue. We hope you have an enjoyable read and find the reports, data and information useful. PAGE PAGE PAGE Neelam kinger Happy reading! 08 16 29 Marketing Manager PROJECTS THAT MADE MEET THE PROPERTIES FOR SALE NOISE MANAGEMENT PAGE 10 PAGE 18 A REALTORS VALUE DÉJÀ VU TOP 5 - Q1 2018 CONTENT 4 THE ESTATE - Issue 05 July 2018 5 SOLID FOUNDATION IN THE MAKING AHID SHAIKH MOHAMMED Chairman - Deja Vu Real Estate am sure all of you have heard the terminology called short term and long term plans. Do you think a city like Dubai and a country like UAE would establish themselves as one of the most Livable, top rated safest Below are the highlights of some of the new policies in United Arab Emirates places globally, providing a high quality of living and attracting people from around the world to invest and move to Dubai as a short term • A 10 years investor visa to professionals such as doctors, engineers, professors etc. Iplan? Definitely not! Dubai is a sure shot long term winner. • 100% ownership of business to expatriates which leads to elimination of any extra fingers in the pie. Over indulging of any sort can make things go away for instance, the human • A new system in place to replace the bank guarantees required for private sector employees’ visa. body cannot process multiple meals or enhancements at one go. Similarly certain measures that a country takes in order to progress are put in place • Release the current bank guarantees totaling AED14 billion back to private sector companies. according to a master plan over a period of time. Every action has a reaction and a country needs to be ready for the reaction. I believe any good initiative • Facilitate the process for job seekers in UAE and grant a six-month temporary visa without fees. cannot have a wrong time, it just has to translate into positive results. Just to throw light on some par excellence initiatives taken by the government • Grant a two-year visa for talented and outstanding students. to enhance the living, encourage business and most importantly encourage • Exempt transit tourist from entry visa fees for the first 48 hours of their stay. people to stay long term. All of the above policies point in one direction, economic growth of the country. We at Déjà vu Real Estate ensure There have been several initiatives taken which will not only boost the economy but in turn will also have a positive spillover effect on all sectors out investors benefit from this growth & the expertise we have to offer alongside. including real Estate. Source: www.uaecabinet.ae 6 THE ESTATE - Issue 05 July 2018 7 UAE CABINET ANNOUNCES GREAT NEWS FOR BUSINESS OWNERS! The UAE Cabinet’s decision to scrap a mandatory bank guarantee for employment visas was hailed by businessmen and corporate leaders as NEWS & a surprise Eid bonanza that will lead to a Dh14 billion liquidity infusion, providing a major stimulus to a cash-strapped market. MA Yusuff Ali, chairman of Lulu Group International & director board member of Abu Dhabi Chamber, said the decision will surely further boost various industries, especially Small and Medium Enterprises (SMEs), in the country. “The various recent initiatives such as 100 per cent investment, long term VIEWS visa for professionals, various economic stimulus packages and the current new visa regulations are surely going to make UAE the investment and economic hub of the region,” Ali said. DUBAI’S LUXURY REAL ESTATE IS GETTING SOME OF ITS MOJO BACK REAL ESTATE FINANCING ‘WILL ENCOURAGE Limited new supply and improved demand are ensuring better price stability. FOREIGN INVESTMENT’ Dubai’s high-end freehold communities are seeing some sort of price stability, probably for the first time since mid-2014. Values at the Palm Jumeirah has Real estate securitization will benefit the UAE since it will introduce recorded a price growth 1.2 per cent in the 12 months to end March, while at international institutional investors to the country and provide it with a The Lakes, the gains have been by 2.6 per cent, according to the latest Knight benchmark credit framework, which in turn facilitates the issuance of Frank update on the local property market. corporate bonds or equity, a senior banker said on Sunday. “While the UAE has rapidly grown and diversified from an oil-dominated to a modern, service-oriented economy, the next natural step in its progress is NSHAMA RAMPS UP DIGITAL TRANSFORMATION WITH the integration of its financial system to the global capital markets, so that NEW CUSTOMER PORTAL its private sector may benefit from long-term international investment,” said Jonathan Davie, vice-chairman of Credit Suisse First Boston. Nshama has announced the launch of its new customer portal as part of efforts He was addressing a function held to mark the beginning of CSFB’s and to fully digitize its customer experience. The new portal delivers an omni- Strategic Capital’s commercial real estate and finance securitization channel experience for tenants and owners through a cloud-based platform operation here powered by Salesforce. Fred Durie, Chief Executive Officer at Nshama, said: “Our new digitization milestone offers a seamless customer experience; both tenants and owners of Nshama developments will have the ability to get faster response, more tailored services, and improved access through web, mobile, SITE VISIT: EMAAR SOUTH, DUBAI SOUTH and tablet.” Dubai South (formerly known as the Dubai World Central) is the next upcoming zone in the emirate that is expected to support a number of DUBAI HOTELS OUTPERFORM MENA MARKET IN Q1 activities including logistics, aviation, commercial, exhibition, humanitarian, residential, and other related businesses around Al Maktoum International Dubai’s hospitality sector remains amongst the top performers in the Mena Airport. The construction area is 140sqkm close to the Expo 2020 site and region, achieving the highest occupancy, average room rate (ADR) and revenue is estimated to be the future home of 900,000 people. Fadi Shaher El Borno, per available room (RevPAR) in the first quarter of 2018, a new report showed. general manager, joint ventures, Emaar Properties, comments: “In terms of According to the latest EY Middle East Hotel Benchmark Survey Report, the size and scale of the development, Emaar South covers 7sqkm and 6.7sqm emirate’s occupancy reached 86.9 per cent with an ADR of $293, which led to of gross land area (GLA). We are constructing the project in four phases; an overall RevPAR of $255 in Q1 2018. In the UAE, the hospitality market saw the first phase is well under construction. In terms of units, the whole a slight increase in occupancy in Q1 2018 over Q1 2017. Occupancy in Dubai masterplan comprises 25,000, including 7,000 families between villas, increased by 0.8 per cent points from 86.1 per cent in Q1 2017 to 86.9 per townhouses, tiered townhomes, and approximately 15,000 apartments. cent in Q1 2018, possibly due to international visitors during the 23rd edition The center attraction for this development is the 18-hole championship of the Dubai Shopping Festival as well the favorable weather. golf course which sits in the heart of the project.” 8 THE ESTATE - Issue 05 July 2018 PROJECTS THAT MADE NOISE IN 2018 We have listed down some of the developers and projects that created an uproar in the Market 1. NASEEM TOWNHOUSES – TOWNSQUARE (NSHAMA) Even before the launch, this project received tremendous response with most of the units sold out during the first few hours. Naseem townhouses are a part of the master community of Nshama Townsquare. Options of 3 & 4 Bedroom townhouses. Town Square is a unique proposition in Dubai because it’s not a stand-alone building but rather an entire master-planned community with lots of amenities for a good, suburban lifestyle. It is located at the Al Qudra Road and is expected to have further connectivity through the Etihad Rail and a proposed Metro line.