Saudi Mortgage Law To Focus On Affordable Housing Shortage

Experts have raised a warning against the lack of low-cost accommodation in Saudi Arabia. According to real estate experts, this shortage in the affordable property will reflect in the agenda of the mortgage law, which Saudi Arabia is planning to implement soon.

“Most new developments are targeting the high-income segments of the population which constitute a relatively small share of existing demand,” said Rakesh Kunhiraman, who is the director at the consukting division of Oxford Business Group (OBG).

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Dubai International Financial Centre (D.I.F.C)

The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the UAE and the wider region as a whole. Its remit is to create a regional capital market, offering investors and issuers of capital world class regulations and standards. Its hallmarks are: integrity, transparency and efficiency.

DIFC Laws are enacted by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler if Dubai, and under the UAE Constitution, are considered at the level of local legislation. The DIFC residential district offers a luxurious lifestyle in the world’s new financial center.

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Jumeriah Lake Towers

umeirah Lakes Towers is a dynamic waterfront community in Dubai, United Arab Emirates, comprising attractive residential and office towers alongside hotels, leisure and retail outlets. A total of 87 towers stand tall in the prestigious project. Almas, the crowning centerpiece of the community will be surrounded by 78 towers clustered in groups of three which forms JLT, 8 towers clustered in groups of 4 which forms JLT embankment and calming lakes, beautiful landscaped gardens and unique waterways, four winding, man-made lakes create a vibrant waterfront environment and provide stunning views from all around. Jumeirah Lake Towers is situated adjacent to Sheikh Zayed Road, between interchanges 5 and 6.

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Dubai Property Market

The Dubai real estate sector’s strong fundamentals [huge Government driven infrastructural commitment and substantial achieved completeness] remain supportive of a sustained growth phase, having adjusted to a particularly aggressive free fall in average prices.

Post the international financial crisis, Dubai’s leaders remain committed to driving their 2015 macro strategy plan to success; The economy as a whole has already experienced positive recovery of significant magnitude 2009 highlights include; The world’s largest metro network opened 9/9/2009 The world’s tallest tower, Burj Khalifa – opened in 2010; Dubai Investor Confidence Index recent positive boost. DFM recovery led by Emaar Properties – 2009 growth 155% Opportunity to experience post recovery lag effect growth in real estate market Since their peak in September 2008, prices have fallen by an average of 47% Supply of new stock is expected to lag behind planned delivery, creating a natural cushion against further price falls Current indicators put the bottom of the pricing market as Q3 2009, with an overall price increase of 9% achieved in Q3/4 2009 Demand driver statistics (source Colliers International); Transactional increase - 64% Q3 2008/2009 Average price Increase - 7% Q2 to Q3 2009 Villa price increase - 9% Q to Q3 2009

Jumeriah Lake Towers

Jumeirah Lakes Towers is a dynamic waterfront community in Dubai, United Arab Emirates, comprising attractive residential and office towers alongside hotels, leisure and retail outlets.

A total of 87 towers stand tall in the prestigious project. Almas, the crowning centerpiece of the community will be surrounded by 78 towers clustered in groups of three which forms JLT, 8 towers clustered in groups of 4 which forms JLT embankment and calming lakes, beautiful landscaped gardens and unique waterways, four winding, man-made lakes create a vibrant waterfront environment and provide stunning views from all around. Jumeirah Lake Towers is situated adjacent to Sheikh Zayed Road, between interchanges 5 and 6.

property management

Jumeirah Golf Estates

Jumeirah Golf Estates will offer homeowners the rare opportunity to live in a community that has been carefully planned to meet the needs of the modern family retaining its own unique character and reflecting the inimitable beauty of its surroundings. Beautifully landscaped, the estates will feature abundant parkland, nature strips, lakes and ponds – surrounded by some of the world’s most scenic golf courses.

Occupying 375 hectares of Jumeirah Golf Estates 1,119 hectare land parcel, the first phase incorporates 11 planned residential communities, comprising more than 1,000 individual properties, each set in beautifully landscaped surroundings, with estates ranging from 6,000 to 12,000 square feet. Throughout the communities, a sense of space has been afforded paramount importance: 75% of all properties face the golf courses, with the remainder facing lakes and nature strips, allowing for inspiring, uninterrupted views from all.

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Palm Jumeirah

The Palm Jumeirah is the most exciting residential project on earth. A man-made island, it is being developed off the shores of Dubai in the United Arab Emirates. The Palm extends 605 kilometers into the Arabian Gulf, and is surrounded by an 11 kilometer-long crescent shaped breakwater built with over 7 million tons of rock and sand. It adds 60 kilometers of beach to the coast of the UAE and will be used for private beach residences and some 30 five star hotels. The Palm is primarily s retreat and residential area for living, relaxation, and leisure.

It will contain themed boutique hotels, three types of villas (Signature Villas, Garden Homes, and Canal Cove Town Homes), shoreline apartment buildings, beaches, marinas, restaurants, cafes and a variety of retail outlets. Signature Villas on the ‘fronds’ of The Palm Jumeirah are the last words in exclusivity and luxury. At 7,000 square feet, with six or seven bedrooms, each has large swimming pool and, most spectacularly, a huge private beach. Three, four and five bedroom Garden Villas are also available along the ‘fronds’ of The Palm Jumeirah. These give home owners 5,000 square feet of living space, along with private pools, stunning water views, and a private beach. Residents-only health clubs and entertainment options nearby make these beautiful family homes and holiday retreats. The beautiful Shoreline apartments are located on the ‘trunk’ of The Palm.

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