MAGAZINE
ABU DHABI’S PROPERTY LISTINGS MAGAZINE
AB DHAU BI
SUMMER 2010 | BHOMES.COM Produced in International Media Production Zone
CITY SLICKERS
THE DAVIES FAMILY ON LIFE IN THE HEART OF THE CAPITAL SEE P15
YOUR NEW HOME?
CHECK OUT THE CITY’S BIGGEST AND BEST RANGE OF PROPERTIES SEE P20
KNOW IT ALL YAS PLEASE!
YOUR COMPLETE GUIDE TO THE DISTRICTS AND DEVELOPMENTS WHERE YOU CAN BUY OR LEASE
SEE P10
FIND OUT HOW TO MAKE THE MOST OF THE CAPITAL’S ENTERTAINMENT HOTSPOT
SEE P18
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CONTENTS WELCOME HOME We at Better Homes are really excited about what’s happening in the nation’s capital. Huge, world-class projects are being handed over and for the first time we are seeing vast, mixed-use projects offering fabulous lifestyle . These great projects are available to buy, sell and rent, and with a growing Abu Dhabi-based team, we are looking to focus on the emirate and build our presence, servicing clients of all types for all kinds of property in Abu Dhabi. To mark our commitment to the emirate and what it now offers, we decided to launch this, the capital’s first dedicated property listings magazine to support a growing network of customers looking to buy, rent or sell in the capital. We currently see a gap in the market where multi-billion dollar projects are not exposed enough to target audiences that may like to learn more about property in Abu Dhabi and hence, the magazine, which will be published on a quarterly basis, will aim to bridge this gap to fuel the growing demand. Working with all of Abu Dhabi’s major developers, we will showcase residential and commercial property in both the sales and leasing segments of the market, giving you an unrivalled selection of homes to choose from. Happy reading!
Produced by: HOT Media Publishing FZ LLC Managing Director Victoria Hazell-Thatcher Publishing Director John Thatcher Advertisement Director Chris Capstick
6
HOME HELP Our experts guide you though the capital’s rental and lease markets.
10
DISTRICTS AND DEVELOPMENTS A comprehensive guide to all that’s being built.
12 15
THE CITY
Art Editor Jenni Dennis Designer Matthew McBriar Advertising enquiries chris@hotmediapublishing.com 04 369 0917 / 050 456 9938
WE LOVE THIS PLACE…
Editorial enquiries editorial@hotmediapublishing.com +971 (0)4 364 2876
YAS ISLAND All you need to know about the nation’s coolest leisure destination.
20
Features Writer Laura Binder
We plot Abu Dhabi’s ever-evolving cityscape on our easy-to-read colour-coded map.
The Davies family reveal all about life on Hamdan Street.
18
Sales Managers Anuradha Basu Sukaina Hussein
LISTINGS Our pick of the places for sale and lease, including up-to-date prices.
Cover and interview images by Victoria Calaguian / Snap Media Printed by United Printing Press. Better Homes Abu Dhabi is published as a supplement to Better Homes Magzine. Reproduction in whole or in part without written permission from HOT Media. HOT Media does not accept liability for omissions or errors in Better Homes magazine.
6
HOME HELP
BUYER’S GUIDE…
HOME HELP All you need to know about buying and leasing in the capital.
Buying Want to know where the property hotspots are and how much you should be paying to live there? Better Homes’ Natalya Saprovnova has the answers… What is the first step to buying property in Abu Dhabi? If you’re an expatriate, Abu Dhabi is a relatively small market to operate in when it comes to buying property. At the moment, there are three key areas which are being developed. These are Al Reem Island, Al Raha Beach and Al Reef. Before anyone begins to search for a property, it’s important they have a thorough understanding of what they can buy and what finance options are available. The former would include knowing the types of properties available: the facilities, location, availability (readiness for occupancy), prices, annual maintenance charges and developer’s reputation. The latter requires knowledge of the institutions financing each project, their eligibility requirements, specific terms and conditions including application fees, interest rates, loan to value ratio (LTV) and exit conditions. It is usually recommended to contact a reputable brokerage company to take you through the entire process of identifying a property and facilitating communication with a finance institution. Once the property is selected, the next important step is to document the intent July 2010
of the parties in the Purchase Offer or the Memorandum of Understanding (MOU). The important elements to consider here are the deposit terms (especially when the buyer is financed), default penalties on both parties, the duration of the MOU and extension clauses. There may be various complications associated with a particular transaction. For example, when a purchasing party uses cash funds and the selling party is financed. or when there are two finance institutions involved in a transaction. Therefore, the competence of a broker cannot be underestimated to protect yourself and successfully complete your acquisition. Which types of properties are in demand right now? The demand in general is for properties which are either completed or entering completion, that’s the case with villas and apartments. However, the demand is more about specific types of properties in each development. For example, buyers looking to purchase in Al Reef would prefer single row houses as opposed to ‘back to back’ or double row settings. It has been increasingly difficult to accommodate these enquiries as the number of well-located single row properties - of all sizes - available for sale is very limited. Such properties would also, as a rule, demand higher premiums. At Al Reem Island, the challenge has been to help buyers find large properties at affordable prices. We have been receiving enquiries from people looking to purchase 3 and 4 bedroom apartments; however, these are difficult to find and are expensive (on average between AED
2.5 and AED 3.5 million). Most of the towers on Marina Square are catered to small families and executive bachelors and do not offer 3 bed and 4 bedroom apartments. Otherwise, both one and two bedroom apartments have been equally in demand, with one beds more popular with investors and two beds with end-users. As in any market, properties with a view or added features such as a balcony, study or maid’s room attract higher interest. What is the average price per sq. ft for Abu Dhabi properties? The current price range in the market is around AED1,100 per sq. ft to AED1,400 per sq. ft. for apartments. However, we expect prices to increase in the next year to about AED 1,250 per sq. ft. once the properties are delivered. However, it is very unlikely that the upper bracket will see significant upward adjustments, with the potential exception of properties in the Al Bandar development.
What are the average yields can one expect for ready-now freehold properties? The rental yield would obviously vary depending on each investor’s circumstances and the property type. But, on average, yields between 8% and 12% (gross) can be expected at this time. You’d expect for these figures to drop over the course of the next 2-3 years when more and more properties enter the market, making things more competitive.
Abu Dhabi, Bahamas, British Virgin Islands, China, Cyprus, Denmark, Dubai, Gibraltar, Guernsey, Hong Kong, Isle of Man, Malta, Mauritius, The Netherlands, Netherlands Antilles, Portugal, Seychelles, Singapore, South Africa, Switzerland, Turks & Caicos Islands, United Kingdom & Uruguay.
8
HOME HELP
How can I get started with a search? Contact a brokerage company. As the market is fairly small in terms of the offers available, limit your choice to a couple of agencies only, preferably those with an established presence, like Better Homes, as they will cover most of the properties available. You can begin your search at bhomes.com while dubizzle.com is also a good place to look. You have to remember that the same property may be listed with quite a few companies (and at different prices) which may create an illusion of incredible choice when in reality you would be looking at a few properties only. Are there any additional costs when buying a property? Do I have to register it? Typically, the buyer would be expected to bear the agency fee (part of the selling price) and the developer’s transfer fee (mostly part of the developer’s contract price with the exception of Real Estate Bank which uses the selling price instead) in addition to the purchase price of the property. At the moment, property registration is not required. However, once the properties are handed over, there will be land department registration fees involved. Although there has not been much clarity on the registration process to date, it is expected to be similar to the one currently in place in Dubai, where initial property registration is the responsibility of the developer. Therefore, each developer should advise on the fees involved and the procedure, once these become available. Where the buyer is using bank loans, there will be additional costs associated with finance, which predominantly include loan application fees (0.75% to 1.25% of the loan amount) and property valuation fees (averaging AED 3,000) at the time of purchase.
July 2010
LEASING Not sure about what and when to buy and would like to rent somewhere first? Better Homes’ Eduarda Silveira has all the information... Is there a minimum duration for a tenancy contract, or can you pay per month? A tenancy contract term is usually for a period of one year. Presently, however, landlords are often open to receiving two cheque payments.
‘Compounds in Khalifa Park are great for families, while Al Raha Beach and Al Reem IsIand are good for young couples’ Do you have to provide any documents other than a residency visa to rent somewhere? You will only need to submit your valid passport and visa copy. Landlords, on the other hand, might need to provide tenants with the ‘Offer to Lease’ document which the latter can present to his/her company. Is there a rental committee like there is in Dubai? As of now, there isn’t a committee that oversees property transactions in the emirate, like you’ll find in Dubai. However, a regulatory authority that formulates, regulates, manages and licenses various real estate related activities is expected to be set up by the end of this year, which can only be a good thing for the city.
What are the benefits of using a company like Better Homes over an independent landlord? Professional real estate companies like Better Homes are able to ensure that rental rates are realistic, property is managed and well maintained and that the repairs and painting are done the before the tenant occupies it. They also ensure that a condition report is submitted to protect the interests of the landlord and tenant. Should you always have to pay a deposit on top of any agency charge? This would be the case in most instances. However, landlords may decide to waiver the deposit if the tenant happens to work for the Government/national institution or an associated company. In terms of agency fees, if you use an agency like Better Homes, you’ll find that the standard commission charge is 5%, Which areas are reasonably priced and offer good facilities? In Abu Dhabi it is difficult to find reasonably priced properties that also come with quality facilities and amenities. However, some of the new buildings in the emirate offer parking, health club facilities and are competitively priced as well. Reasonably priced locations include Al Nahyan camp in Abu Dhabi City and Al Gurm Corniche, a new community. Which areas are in demand right now? Khalidiya has always been a much sought after area, as it has numerous cafés, restaurants, parks and shopping facilities close by. Families are inclined to look at Al Reef, (see pg27) while compounds in Khalifa Park are also great for families. Al Raha Beach and Al Reem Island are good areas for young couples or professional bachelors looking to stay close to the city.
10 DISTRICTS AND DEVELOPMENTS
DISTRICTS AND DEVELOPMENTS Where can you live in Abu Dhabi? We’ve got the scoop on the capital’s top districts. Now simply turn to our colour-coded map (pg12) to pinpoint their location. Al Raha Beach is also one of the first designated areas where non-UAE nationals can invest in leasehold property in Abu Dhabi.
ABU DHABI CITY DISTRICT Considered to be one of the richest cities in the world, Abu Dhabi is a cosmopolitan metropolis and a major cultural and commercial centre due to its position as the capital. The city offers a strikingly contrasting landscape, from sandy beaches and skyscrapers to rolling desert dunes. Joined to the mainland by the Maqta and Mussafah bridges, some of the key suburbs in the city include Khalifa, Electra, Hamdan, Mussafah (residential and industrial) and the beautiful waterfront Corniche. The emirate also consists of the July 2010
eastern oasis of Al Ain, better known as the Green City. Abu Dhabi is also very well connected to the other huge island developments underway, such as, Al Raha Beach, Saadiyat Island and Al Reem Island. AL REEF DISTRICT Al Reef Villas is Abu Dhabi’s first integrated residential community. Developed by Manazel Real Estate, one of the UAE’s leading developers, Al Reef consists of contemporary apartments, four themed community villas and townhouses and mixeduse projects, bringing together social, retail and commercial facilities for
the entire community. The gated communities, with security-controlled access, are linked by wonderfully landscaped green spaces, providing areas for recreation and relaxation and walkways to community facilities. The development will also feature a luxury hotel, state of the art gymnasiums, private pools, barbecue areas and expansive private gardens. AL RAHA BEACH Built alongside 5.2 million square metres of natural beach front, Al Raha Beach will provide a unique lifestyle through its world-class residential, commercial
and entertainment facilities. When complete it will be home to 120,000 residents. The development offers dynamic waterfront living amidst retail outlets, galleries, restaurants and cafés and private beaches. A central business district also forms part of the development, where iconic office towers are set around an impressive circular marina - home to the new World Trade Center. Located on the beach side of the main highway leading into Abu Dhabi from Dubai, the development consists of eight precincts, each with their own distinct personalities and appeal.
AL REEM ISLAND Located approximately 600 meters away from Abu Dhabi’s coast, Al Reem Island will be one of the largest and most impressive tourist developments in the world consisting of residential and commercial projects. The island will house hotels, restaurants, gardens, art galleries, museums, an aquarium, amusement parks for children and a diverse wildlife reserve. Water activities will form a major part of the island lifestyle including waterskiing, snorkeling, scuba diving, fishing and sailing. The island will be connected to Abu Dhabi City by two modern bridges with a third bridge eventually connecting directly to the main Dubai highway. Abu Dhabi International Airport is approximately 20 minutes away by road. SAADIYAT ISLAND Just 500 metres off the coast of Abu Dhabi, Saadiyat Island will be a destination experience of rich depth and diversity. Just seven minutes from Abu Dhabi City, 15 minutes from Abu Dhabi International Airport
Found your perfect property? Contact us on +971 600 52 2212
and one hour from Dubai, the development is connected to the mainland via two major highway bridges.. Offering a relaxed waterfront home for residents and a vibrant hub for businesses, Saadiyat Island holds a reputation for being the only place in the world to house architecture designed by five individual Pritzker prize winners. MOHAMMED BIN ZAYED CITY DISTRICT
This is a planned urban community that will, upon completion, support a population of 50,000. The master plan provides for 350 mid-rise towers and numerous educational, cultural, commercial and institutional facilities. CAPITAL CITY DISTRICT Situated between the Abu Dhabi International Airport and Mohammed bin Zayed City, this district will house mixed-use projects and
government institutions and offer a culturally rich urban environment, grand boulevards, shaded streets and a world-class public transit system. SOWWAH ISLAND DISTRICT Located between the Tourist Club area and Reem Island, this district will see the island become Abu Dhabi’s central business and financial district and will feature living and working spaces, hotels, community facilities, parks and an extensive transport network. YAS ISLAND DISTRICT When fully complete, Yas Island is expected to be one of the world’s foremost tourist attractions, featuring hotels, residences, shopping malls, golf courses, equestrian facilities and a world class motor racing track, it’s also home to Ferrari World where you’ll find
the planet’s fastest rollercoaster. LULU ISLAND DISTRICT This district will be a self sustaining community of character precincts and connected neighbourhoods set within a low density, yet highly functioning island setting and will cater to different lifestyles, with a choice of apartments, townhouses and villas. MUSSAFAH INDUSTRIAL DISTRICT One of primary industrial areas of Abu Dhabi, this district is home to several manufacturing plants including steel mills and other heavy industries. Plans to construct a channel that will improve access to this industrial zone are underway. MADINAT KHALIFA A DISTRICT Away from the hustle and bustle, Khalifa City has its own sense
11
of camaraderie. An abundance of schools in the area make this a popular community for families. Adjacent to Al Raha Beach, the development will include residential and commercial units and many international hotels and has been compared to Dubai’s illustrious Sheikh Zayed Road. MADINAT KHALIFA B DISTRICT This district’s proximity to the airport and the Dubai highway makes it an attractive location for commuting workers. Residential apartments specially designed for middle income residents are underway. Prices vary between the more expensive rents in Khalifa City A and the cheaper rates in Mohammed Bin Zayed City. The new Khalifa City is situated between Khalifa A and Khalifa B. More listings at bhomes.com
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Found your perfect property? Contact us on +971 600 52 2212
15
WE LOVE THIS PLACE…
ABU DHABI CITY
Expat Andrew Davies tells us why being in the heart of the city is a winning location for life with his wife Victoria and their 21-month-old son, Austin.
Why did you and Victoria decide to move to Abu Dhabi? I was previously working in the City of London and, to be honest, I was fed up of the UK’s bad weather and high tax rate. My wife had always wanted to live abroad too, so we just thought, why not? We do enjoy the hotel lifestyle and we love the hot weather. I work in private welfare; investment banking for the deVere Group, and I’m obviously now financially better off as I’m not being taxed 40% of my salary.
‘We have everything near us here – all of the hotels, restaurants and schools are five minutes away’
and pool all on the roof, so that’s lovely. For the space we have it wasn’t that expensive when we signed up, although I hear that prices have gone crazy since.
best thing about living here. We did think about living in a villa outside of the centre but we like how everything is so close by. Taxis are also incredibly cheap to use.
Almost. We had to furnish it from scratch but all of the white goods were included, namely the washing machine, fridge and dishwasher. Everything else we had to bring ourselves. Considering the worth of the pieces we were using at home in the UK, we decided not to ship everything over but bought everything from scratch in Abu Dhabi instead.
Tell us about the apartment you chose. You’re living right in the city centre, what do you think of it? We really are in the heart of it. Abu Dhabi is quite a dusty place, it’s not a shiny, gleaming city like Dubai currently is, but we have everything near us here – all of the hotels, bars, restaurants and schools are five minutes away and my office is just down the road. The locality to everything has to be the
It’s in the Golden Falcon Tower on Hamdan Street. It’s a brand new residence; in fact, we were the first people to move in. The building itself is actually three years old so it can start to look a bit tired but it has a nice finish – plain walls and tiled floors. It has two bedrooms and four bathrooms, including en suites. I also promised my wife a swimming pool and there’s a gym, sauna
Was the space completely empty when you moved in?
Where did you shop for all your furniture? We bought everything from Homes R Us, Pan Emirates and The One. The apartment was finished in brown and beige shades, so we just chose colours to complement More listings at bhomes.com
16 WE LOVE THIS PLACE…
Left: Victoria in her bedroom at Golden Falcon Tower. Far left and below: The Davies say their move to Abu Dhabi has improved their son’s quality of life.
‘There’s nothing better than having your own outdoor pool to splash around in’
Is there anything that you don’t like?
them, mixing and matching different bits and pieces. We found some really nice and different stuff that wasn’t too expensive. I’d definitely recommend those three names to other newcomers, they were all very good. Everything took two days to arrive and the guys came in, assembled it all and put everything where we wanted it to be. In the UK they just deliver the boxes and leave you to it!
However, I’m told there will be a Waitrose supermarket next to one of the properties so we’ll be happy with that.
It is a really busy city so sometimes I do worry about my wife walking along with our little boy. There are pavements and zebra crossings but all of the roads have three lanes in every direction. That’s the main reason we are looking to our penthouse in Reem Island for our family home, it will be quieter there.
Would you consider living anywhere else in Abu Dhabi?
What do you see as being the advantages of living in Abu Dhabi over Dubai?
What do your wife and son think of their new home in the city?
I have bought two other properties on Al Reem Island, which is an island development just on the edge of the city. One is a two-bedroom apartment and the other a three-bedroom penthouse apartment. The penthouse was going to be our family home but they’re still building it at the moment. It’s one of the only places near the city where expats can actually buy property, so it made sense. There’s absolutely nothing there at the moment, it’s literally a building site.
I think you get a different kind of person here, more of a professional type, whereas in Dubai you arguably get the type of person who loves the party lifestyle. For family and work I think Abu Dhabi is nicer. If you do want to party Dubai is just an hour down the road, then when you’re done you can come home. There are a lot of different nationalities living here too, but I would say there’s definitely not as many expats as there are in Dubai.
They love it. My wife’s favourite thing has to be the swimming pool – she swims in it every day. In 45 degree heat there’s nothing better than having your own outdoor pool to splash around in. The schools for Austin are good here too, and I never had a pool when I was a kid so I feel that his quality of life has already improved. There’s a lot of trouble in the UK with gangs and knives and you just don’t seem to get that here. From a parent’s point of view, this has to be better.
July 2010
Found your perfect property? Contact us on +971 600 52 2212
17
AREA GUIDE
YAS ISLAND A new destination has been born in a blaze of glory: Yas Island, a must-visit location on the doorstep of Al Raha Beach. With super-projects and world class style the norm, you’ll be spoilt for choice on how to spend your leisure time – and dirhams. Here’s how to enjoy it…
Above: Yas Marina. Inset: Ferrari World. Right: The Yas Hotel.
PLAY Who said play time was just for kids? Yas Island is a bountiful playground for every age and visitors won’t fail to be amazed or entertained by its plethora of grand-scale pursuits. For sporting sorts… Yas Marina Those with a penchant for water pursuits will simply love the awe-inspiring anchorage that is Yas Marina. Located next to the Marina Circuit, there’s scores of berths for boating-enthusiasts who can sail right into the heart of the island. But, if you don’t own a yacht, worry not. Charter a boat for the day and stop off for a swim – look out for the local dolphins – or leave sailing to the experts and tackle a water sport or two instead. Contact: www.aldarmarinas.com For adrenaline junkies... Ferrari World Abu Dhabi Like a rollercoaster or two? From October 2010, adrenaline junkies can satisfy their appetites at Ferrari World Abu Dhabi. Billed as the largest indoor theme park in the world, it is also home to the fastest rollercoaster on the planet. With a covering designed to replicate a Ferrari GT’s body shell, it
will also make one very stylish roof to spend the day under. Contact: www.ferrariworldabudhabi.com For golf enthusiasts… Yas Links Course Golf-lovers will find world-class facilities at Yas Links Course. Designed by Kyle Philips, renowned for his work on St Andrews’ Kingsbarn Course and London’s The Grove, it’s a spectacular 18-hole, par 72 course set on the west shores. Expect superb facilities to boot and a clubhouse that’s home to a fine dining restaurant, outdoor pool and mooring area for those who wish to sail away when the day is done. Contact: 02 810 7777 www.yaslinks.com For petrol-heads… Yas Marina Circuit Whether you’re into racing or not, the 161.9 hectare Yas Marina Circuit is an extraordinary sight where
spectators are privy to some seriously high profile racing – the pick of which is F1. The circuit sprawls out across 5.55km and you can get the Grand Prix experience firsthand with one of the circuit’s track days. Take your own set of wheels for the occasion or rev the engine of an Aston Martin GT4, Formula Yas 3000 or Yas Supersport SST instead. Contact: 02 446 0384 www.yasmarinacircuit.com
Living on Yas For now, the Staybridge Suites (02 656 3333) are your only option if you want to live on Yas Island. It offers a choice of long-stay suites, from studio to two-bed apartments. In the future, Yas Island will offer would-be residents a variety of low-rise apartments and beautiful villas.
More listings at bhomes.com
Found your perfect property? Contact us on +971 600 52 2212
19
CHILL For those who feel more inclined to simply relax, Yas Island’s luxurious spas, rooftop pools and lounges are the perfect places to kick back. For serious pampering… The Spa, Radisson Blu Visitors will have no trouble finding a heavy bout of head-to-toe pampering. Go to Radisson Blu, who have tied up with Aromatherapy Associates, for a restful time in the hands of talented therapists amid tastefully decorated surroundings. Contact: 02 6562000 www.radissonblu.com
Inset: Park Inn Abu Dhabi. Top Left: Stills at Crowne Plaza. Top Middle: Yas Lounge at The Yas Hotel . Top Right: The Spa, Radisson Blu.
EAT Whether it’s a quick bite you crave or an all-out gourmet meal, Yas Island serves up a mouthwatering array of spots in which to dine. For food on the move… Aquarius, Yas Island Rotana When you’re out and about, simply swing by the Yas Island Rotana and pop into its ground-floor hang out, Aquarius. Inside you can take your pick of gourmet paninis, salads and yummy fruit smoothies. Plus, with landscaped gardens as the backdrop, you might just want to savour the views before setting off again. Contact: 04 282 0000 www.rotana.com For an indulgent lunch…Yas Lounge, The Yas Hotel For an elaborate spot of lunch check out the Yas Lounge where drinks are served in dainty bone china cups as an accompaniment to delicious pastries. And don’t even try to resist their Arabica ice cream and figs. Alternatively, hold off until between 3pm and 6pm and treat yourself to high tea, complete with smoked salmon sandwiches , lemon shortbread and scones with clotted cream. Contact: 02 656 0000 www.theyashotel.com
For all day dining… Mint, Park Inn There’s a spread of restaurants on Yas Island which open their doors to diners all day long, whether it’s breakfast, lunch or dinner you’re after. The gloriously futuristic Mint at the Park Inn, complete with slick white décor and touches of mint, is one such place. Take your pick from an extensive menu of international cuisine or simply enjoy a coffee in their outdoor area al fresco style. Contact: 02 656 2222 www.rezidorparkinn.com For gastro-pub style… Stills, Crowne Plaza Hotel Stills imaginative gastro-pub style food is just perfect for British ex pats pining for a little taste of home. Tuck into dishes like steak pie and traditional fish and chips with mushy peas, then seek comfort in a sticky toffee pudding with butterscotch sauce or apple strudel with fudge ripple ice cream. Contact: 02 656 3000 www.ichotelsgroup.com
For poolside cool… Sundowner, Crowne Plaza Hotel If you like to take a swim inbetween all that lounging, or just hang out poolside, make a beeline for the Crowne Plaza’s Sundowner. This is one setting where you can catch some rays all day long and relax with friends over drinks and snacks as the sun sets. Contact: 02 656 3000 www.ichotelsgroup.com For lounge-lovers… Skylite Lounge, Yas Hotel Find yourself sky-high on the jaw-dropping rooftop Skylite Lounge and take in gorgeous Marina views. While you’re there, enjoy music from top name DJs and mingle with international visitors from Abu Dhabi’s in-crowd. Elsewhere in the hotel you’ll find Vine, another lounge that’s tipped for the top as a favourite meeting spot. Contact: 02 656 0000 www.theyashotel.com
Coming Soon 2012 will witness the opening of the Yas Island Water Park, a gargantuan aqua playground for kids and big kids alike. Thrillseekrs will also get a kick out of the Warner Bros. Theme Park, while those who get their thrills from spending big at the shops will love the 500-store Yas Mall.
More listings at bhomes.com
20 FOR RENT ABU DHABI CITY
ED UR AT FE
ABU DHABI CITY DISTRICT FOR RENT CHECK OUT 1,000+ PROPERTIES ONLINE AT BHOMES.COM
KHALIFA B
5 BR
PRIVATE VILLA Uncompromising luxury 5,700 sq. ft. Ready Now Shukhrat Babakhanov (Ref # VI285909)
AL MUSALLA
MUSHRIF GARDENS A great family option 3,345 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI287804)
AL MUSALLA
MUSHRIF GARDENS Move-in now 3,345 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI286878)
July 2010
3 BR
AL MUSALLA
3 BR
AL MUSALLA
AED 250,000
AED 300,000
MUSHRIF GARDENS a great-sized home 3,509 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI286918)
MUSHRIF GARDENS A place to call home 3,345 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI286876)
AED 280,000
4 BR
AL MUSALLA
3 BR
AL NAHYAN
AED 350,000
AED 300,000
MUSHRIF GARDENS A must-view 3,509 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI286908)
NAHYAN CAMP BUILDING Easy living 1,200 sq. ft. Ready Now Nada Jaouhar (Ref # AP283802)
4 BR
AED 350,000
2 BR
AED 145,000
Found your perfect property? Contact us on +971 600 52 2212
21
ED UR AT FE
AL NAHYAN
NAHYAN CAMP BUILDING Easy living 1,200 sq. ft. Ready Now Nada Jaouhar (Ref # AP283675)
MADINAT ZAYED
PRIVATE VILLA Ready to move in 31,500 sq. ft. Jorim Omollo Amadi (Ref # VI268915)
MOHAMMED BIN ZAYED CITY
AL QAMZI COMPOUND Spacious living 6,938 sq. ft. Shukhrat Babakhanov (Ref # VI281320)
OFFICERS CITY
SEASHORE VILLAS Easy living 3,443 sq. ft. Maria Eduarda Silveira (Ref # VI285229)
2 BR
AED 120,000
8 BR
OFFICERS CITY
4 BR
MOHAMMED BIN ZAYED CITY
3 BR
OFFICERS CITY
AED 600,000
AED 180,000
AED 255,700
No catch here! Buyers, all our prices are inclusive of agency fees.
4 BR
SEASHORE VILLAS Easy living 4,616 sq. ft. Maria Eduarda Silveira (Ref # VI285230)
AL QAMZI COMPOUND Ideal family living 6,938 sq. ft. Shukhrat Babakhanov (Ref # VI281317)
SEASHORE VILLAS Easy living 3,120 sq. ft. Maria Eduarda Silveira (Ref # VI285221)
AED 319,850
4 BR
OFFICERS CITY
2 BR
AL BATEEN
AED 180,000
AED 214,100
AL AMRY COMPOUND Spacious living 14,221 sq. ft. Nada Jaouhar (Ref # VI280594)
BATEEN VILLA Dynamic development 6,000 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI287814)
5 BR
AED 280,000
6 BR
AED 650,000
More listings at bhomes.com
22 FOR SALE AL REEM
ED UR AT FE
AL REEM DISTRICT
FOR SALE
AL REEM ISLAND
1 BR
AL MAHA TOWER Exceptional deal! 879 sq. ft. Ready August 2010 Lina Bayazid Siada (Ref # AP228805)
AL REEM ISLAND
AL MAHA TOWER A place to call home 549 sq. ft. Ready August 2010 Lina Bayazid Siada (Ref # AP286913)
AL REEM ISLAND
MANGROVE PLACE Central and prestigious location 1,813 sq. ft. Ready January 2011 Lina Bayazid Siada (Ref # AP250495)
July 2010
STUDIO
AL REEM ISLAND
3 BR
AL REEM ISLAND
AED 719,190
AED 2,171,500
AL MAHA TOWER A desirable address 549 sq. ft. Ready August 2010 Maria Eduarda Silveira (Ref # AP285809)
MARINA BLUE Enjoy life with style 904 sq. ft. Ready August 2010 Natalya Sapronova (Ref # AP282001)
AED 999,996
STUDIO
AL REEM ISLAND
1 BR
AL REEM ISLAND
AED 1,017,772
AED 1,094,070
AL MAHA TOWER A motivated seller! 1,199 sq. ft. Ready August 2010 Imran Ellam (Ref # AP267500)
MARINA BLUE In a class by itself 1,163 sq. ft. Ready August 2010 Imran Ellam (Ref # AP278053)
2 BR
AED 1,600,000
2 BR
AED 1,502,918
Found your perfect property? Contact us on +971 600 52 2212 23
ED UR AT FE
AL REEM ISLAND
MARINA BLUE Amazing value 1,163 sq. ft. Ready August 2010 Natalya Sapronova (Ref # AP263229)
AL REEM ISLAND
MARINA HEIGHTS II Extensive array of amenities 1,173 sq. ft. Ready July 2010 Natalya Sapronova (Ref # AP286338)
AL REEM ISLAND
MARINA HEIGHTS II Guaranteed rental income 1,119 sq. ft. Ready July 2010 Natalya Sapronova (Ref # AP238538)
AL REEM ISLAND
RAK TOWER Stunning view of the sea 1,614 sq. ft. Ready August 2010 Lina Bayazid Siada (Ref # AP284064)
2 BR
AED 1,479,437
2 BR
AL REEM ISLAND
2 BR
AL REEM ISLAND
2 BR
AL REEM ISLAND
AED 1,583,550
AED 1,331,610
AED 1,865,000
No catch here! Buyers, all our prices are inclusive of agency fees.
1 BR
OCEAN TERRACE RESIDENCE Modern living at its best 893 sq. ft. Ready August 2010 Imran Ellam (Ref # AP277838)
MARINA HEIGHTS II Competitive price, call now 872 sq. ft. Ready July 2010 Natalya Sapronova (Ref # AP238492)
RAK TOWER Scenic water view 1,582 sq. ft. Ready August 2010 Natalya Sapronova (Ref # AP278730)
AED 1,115,865
1 BR
AL REEM ISLAND
2 BR
AL REEM ISLAND
AED 1,037,680
AED 2,045,210
OCEAN TERRACE RESIDENCE A motivated seller! 904 sq. ft. Ready August 2010 Lina Bayazid Siada (Ref # AP286750)
SKY TOWER A host of facilities 1,719 sq. ft. Ready September 2010 Natalya Sapronova (Ref # AP287847)
1 BR
AED 1,050,400
2 BR
AED 2,208,915
More listings at bhomes.com
24 FOR SALE AL REEM
ED UR AT FE
AL REEM ISLAND
SKY TOWER State-of-the-art complex 1,461 sq. ft. Ready September 2010 Imran Ellam (Ref # AP91996)
AL REEM ISLAND
SKY TOWER A prestigious address 1,107 sq. ft. Ready September 2010 Imran Ellam (Ref # AP56634)
AL REEM ISLAND
SKY TOWER A prestigious address 934 sq. ft. Ready September 2010 Natalya Sapronova (Ref # AP278514)
AL REEM ISLAND
TALA TOWER Scenic water view 2,024 sq. ft. Ready October 2010 Lina Bayazid Siada (Ref # AP94516)
July 2010
2 BR
AED 1,844,513
1 BR
AL REEM ISLAND
1 BR
AL REEM ISLAND
3 BR
AL REEM ISLAND
AED 1,484,236
AED 1,200,190
AED 2,657,505
2 BR
SKY TOWER Experience heights of luxury 1,338 sq. ft. Ready September 2010 Lina Bayazid Siada (Ref # AP276885)
SUN TOWER Scenic water view 1,774 sq. ft. Ready September 2010 Lina Bayazid Siada (Ref # AP286942)
TALA TOWER Central and prestigious location 1,421 sq. ft. Ready October 2010 Natalya Sapronova (Ref # AP268953)
AED 1,672,505
3 BR
AL REEM ISLAND
2 BR
AL REEM ISLAND
AED 2,421,576
AED 1,873,446
SUN TOWER Amazing capital growth 1,774 sq. ft. Ready September 2010 Linda Savidge (Ref # AP233487)
TALA TOWER Superior location 1,087 sq. ft. Ready October 2010 Natalya Sapronova (Ref # AP239206)
3 BR
AED 2,536,687
1 BR
AED 1,195,700
Found your perfect property? Contact us on +971 600 52 2212 25
ADVERTORIAL
AL REEF
The lowdown on Abu Dhabi’s latest development to handover.
Imran Ellam, Sales & Leasing Consultant, Better Homes Abu Dhabi, on why Al Reef is a current property hotspot for families in the capital. What makes Al Reef a great place to live? Al Reef Villas was the first development in Abu Dhabi designed around community living. Whilst Dubai has many such communities, such as, The Springs, Dubai Marina, The Greens, there were no such options available in Abu Dhabi until the Al Reef project started handing over. Since then, we have had a great number of enquiries from tenants and buyers. Al Reef is also one of the few developments in Abu Dhabi that houses wonderfully landscaped green spaces, state of the art gyms, private pools, barbecue areas, expansive children’s play areas and convenience stores, all within walking distance of the residences. Al Reef Villas also come with ample driveway and visitor parking and are ideally located near the Abu Dhabi International Airport, less than an hour’s drive to Al Ain and Dubai.
What are the rents like? Are they coming down, going up or stable? Rents are still high compared to Dubai’s rental prices. There is still a significant shortage of quality residential units in Abu Dhabi. It is estimated that there are 15,000 commuters driving daily from Dubai to Abu Dhabi, this gives us an idea of the kind of demand that could be filled if suitable units were available in the capital. Initially rents in Al Reef were seen to be competitive compared to downtown Abu Dhabi living. However, with a slight increase in the availability of Abu Dhabi apartments, Al Reef’s rental rates have fallen and since then stabilised to AED 115,000, AED 145,000, AED 165,000 and AED 180,000 for 2,3,4 and 5 bedrooms villas respectively.
and you will see people jogging, children playing and riding bikes and friends catching up over coffee. There have also been a couple of street fairs with plans for more when the weather cools. The community pool, gym and convenience stores will also be opening very soon. How long does it take to commute to the city centre? Currently the commute to the Corniche is 25 to 30 minutes. However, there is a new road opening that will connect the development to the main Abu Dhabi - Dubai highway and the new Khalifa freeway. This will reduce travel time by 5 to 10 minutes. Are there any retail or F&B offerings within the community?
Is Al Reef a family-friendly community? Al Reef is definitely a family-friendly community. Families who have moved in are extremely happy that their children finally have large open spaces to play in. In addition to three parks in the community, each villa has its own garden. Make a visit to Al Reef in the evenings or the weekend
Al Reef Downtown, an apartment development within Al Reef due for completion by mid 2011, will provide a host of retail and restaurant facilities. Currently the nearest supermarket is in downtown Abu Dhabi, though there will be three small grocery shops opening in the next few months. More listings at bhomes.com
26 FOR SALE AL REEF
AL REEF DISTRICT
AL REEF
FOR SALE
ARABIC COMMUNITY A great family option 1,832 sq. ft. Ready Now Imran Ellam (Ref # VI286771)
AL REEF
ARABIC COMMUNITY Ideal family living 2,858 sq. ft. Ready Now Natalya Sapronova (Ref # VI283242)
AL REEF
CONTEMPORARY COMMUNITY Close to all amenities 1,832 sq. ft. Ready June 2011 Natalya Sapronova (Ref # VI276405)
AL REEF
DESERT COMMUNITY Ideal family living 1,832 sq. ft. Ready September 2010 Linda Savidge (Ref # VI284431)
July 2010
2 BR
AL REEF
2 BR
AL REEF
AED 965,000
AED 1,050,000
CONTEMPORARY COMMUNITY A great family option 3,749 sq. ft. Ready June 2011 Imran Ellam (Ref # VI263995)
DESERT COMMUNITY A place to call home 1,832 sq. ft. Ready September 2010 Natalya Sapronova (Ref # VI232918)
2 BR
AL REEF
4 BR
AL REEF
5 BR
AL REEF
2 BR
AL REEF
AED 1,175,000
AED 1,850,000
AED 1,999,999
AED 1,150,000
ARABIC COMMUNITY Exceptional deal! 2,424 sq. ft. Ready Now Lina Bayazid Siada (Ref # VI285960)
ARABIC COMMUNITY A great family option 2,858 sq. ft. Ready Now Imran Ellam (Ref # VI263989)
CONTEMPORARY COMMUNITY A motivated seller! 1,831 sq. ft. Ready June 2011 Lina Bayazid Siada (Ref # VI237415)
DESERT COMMUNITY Inspiring ambience 2,858 sq. ft. Ready September 2010 Natalya Sapronova (Ref # VI103651)
3 BR
AED 1,395,990
4 BR
AED 1,950,000
2 BR
AED 1,048,604
4 BR
AED 1,851,233
Found your perfect property? Contact us on +971 600 52 2212 27
AL REEF
ARABIC COMMUNITY A great family option 2,424 sq. ft. Ready Now Annie Phuang Utaikan (Ref # VI287519)
ED UR AT FE
AL REEF DISTRICT
3 BR
AED 150,000
FOR RENT
1,000+ PROPERTIES IN MARINA DISTRICT ONLINE NOW VISIT BHOMES.COM
AL REEF
ARABIC COMMUNITY Ideal family living 2,424 sq. ft. Ready Now Annie Phuang Utaikan (Ref # VI286789)
AL REEF
ARABIC COMMUNITY Spacious living 1,832 sq. ft. Ready Now Nada Jaouhar (Ref # VI286051)
AL REEF
ARABIC COMMUNITY A great family option 2,858 sq. ft. Ready Now Annie Phuang Utaikan (Ref # VI281433)
3 BR
AL REEF
2 BR
AL REEF
4 BR
AL REEF
AED 150,000
AED 115,000
AED 175,000
No catch here! Buyers, all our prices are inclusive of agency fees.
3 BR
ARABIC COMMUNITY A great family option 2,424 sq. ft. Ready Now Nada Jaouhar (Ref # VI276622)
ARABIC COMMUNITY Ideal family living 3,749 sq. ft. Ready Now Maria Eduarda Silveira (Ref # VI285448)
ARABIC COMMUNITY Ideal family living 2,858 sq. ft. Ready Now Nada Jaouhar (Ref # VI280232)
AED 150,000
5 BR
AL REEF
4 BR
AL REEF
AED 200,000
AED 155,000
ARABIC COMMUNITY Ideal family living 2,858 sq. ft. Ready Now Nada Jaouhar (Ref # VI282057)
ARABIC COMMUNITY Affordable luxury 1,832 sq. ft. Ready Now Jorim Omollo Amadi (Ref # VI278737)
4 BR
AED 155,000
2 BR
AED 120,000
More listings at bhomes.com
28 FOR SALE AL RAHA BEACH
ED UR AT FE
AL RAHA BEACH DISTRICT FOR SALE
AL RAHA BEACH
1 BR
AL MUNEERA An entertainers delight 859 sq. ft. Ready March 2011 Lina Bayazid Siada (Ref # AP232887)
AL RAHA BEACH
AL BARZA Beachfront living at an attractive price 1,734 sq. ft. Ready July 2010 Imran Ellam (Ref # AP286866)
AL RAHA BEACH
AL MUNEERA Live by the beach 2,127 sq. ft. Ready March 2011 Linda Savidge (Ref # AP278337)
July 2010
2 BR
AL RAHA BEACH
4 BR
AL RAHA BEACH
AED 2,525,000
AED 2,576,205
AL BARZA Stylish design 587 sq. ft. Ready July 2010 Imran Ellam (Ref # AP286863)
AL MUNEERA Available finance options 1,580 sq. ft. Ready March 2011 Linda Savidge (Ref # AP229077)
AED 1,067,595
STUDIO
AL RAHA BEACH
2 BR
AL RAHA BEACH
AED 850,016
AED 2,970,036
AL BARZA A desirable address 1,343 sq. ft. Ready July 2010 Linda Savidge (Ref # AP285098)
AL MUNEERA A prestigious address 859 sq. ft. Ready March 2011 Imran Ellam (Ref # AP219021)
2 BR
AED 1,830,000
1 BR
AED 999,294
Found your perfect property? Contact us on +971 600 52 2212 29
AL RAHA BEACH
AL MUNEERA Modern living at its best 2,159 sq. ft. Ready March 2011 Imran Ellam (Ref # AP218963)
AL RAHA BEACH
AL NASEEM RESIDENCE - A Amazing value 2,317 sq. ft. Ready July 2010 Linda Savidge (Ref # AP260181)
AL RAHA BEACH
AL NASEEM RESIDENCE - B Scenic water view 1,336 sq. ft. Ready July 2010 Lina Bayazid Siada (Ref # AP226340)
AL RAHA BEACH
AL ZEINA - TOWNHOUSES Beachfront living at an attractive price 5,950 sq. ft. Ready March 2011 Natalya Sapronova (Ref # VI258380)
4 BR
AL RAHA BEACH
3 BR
AL RAHA BEACH
2 BR
AL RAHA BEACH
4 BR
AL RAHA GARDENS
AED 2,335,211
AED 2,572,470
AED 1,844,660
AED 5,377,218
No catch here! Buyers, all our prices are inclusive of agency fees.
AL MUNEERA Breathtaking vistas 1,939 sq. ft. Ready March 2011 Linda Savidge (Ref # AP95458)
AL NASEEM RESIDENCE - A A prestigious address 2,413 sq. ft. Ready July 2010 Imran Ellam (Ref # AP229929)
AL NASEEM RESIDENCE - C Experience heights of luxury 2,400 sq. ft. Ready July 2010 Natalya Sapronova (Ref # AP283843)
LEHWEIH Spacious living 3,901 sq. ft. Ready Now Natalya Sapronova (Ref # VI285240)
3 BR
AL RAHA BEACH
2 BR
AL RAHA BEACH
3 BR
AL RAHA BEACH
AED 2,396,270
AED 3,598,400
AED 3,450,000
AL NASEEM RESIDENCE - A Beachfront living at an attractive price 988 sq. ft. Ready July 2010 Imran Ellam (Ref # AP263648)
AL NASEEM RESIDENCE - B Unparalleled amenities 1,345 sq. ft. Ready July 2010 Natalya Sapronova (Ref # AP283133)
AL ZEINA - TOWNHOUSES Beachfront living at an attractive price 3,249 sq. ft. Ready March 2011 Imran Ellam (Ref # VI266815)
1 BR
AED 1,397,032
2 BR
AED 1,841,533
3 BR
AED 6,169,700
5 BR
AED 3,634,738
More listings at bhomes.com
30 FOR SALE AL RAHA BEACH
ED UR AT FE
AL RAHA BEACH
AL BARZA Affordable luxury 910 sq. ft. Ready July 2010 Imran Ellam (Ref # AP286860)
AL RAHA BEACH
AL BARZA Scenic water view 590 sq. ft. Ready July 2010 Lina Bayazid Siada (Ref # AP236111)
AL RAHA BEACH
AL NASEEM RESIDENCE - A A prestigious address 1,399 sq. ft. Ready July 2010 Lina Bayazid Siada (Ref # AP228957)
AL RAHA BEACH
AL ZEINA - RESIDENTIAL TOWERS Fabulous ocean views 2,166 sq. ft. Ready March 2011 Linda Savidge (Ref # AP234883)
July 2010
1 BR
AED 1,378,650
STUDIO
AL RAHA BEACH
2 BR
AL RAHA BEACH
3 BR
AL RAHA BEACH
AED 953,036
AED 1,849,900
AED 4,019,884
2 BR
AL ZEINA - RESIDENTIAL TOWERS Idyllic surroundings 1,378 sq. ft. Ready March 2011 Lina Bayazid Siada (Ref # AP220936)
AL NASEEM RESIDENCE - B Direct marina views 1,400 sq. ft. Ready July 2010 Lina Bayazid Siada (Ref # AP227490)
AL ZEINA - RESIDENTIAL TOWERS An exquisite landscaped setting 925 sq. ft. Ready March 2011 Linda Savidge (Ref # AP218873)
AED 2,658,945
2 BR
AL RAHA BEACH
1 BR
AL RAHA BEACH
AED 1,950,000
AED 1,672,560
AL NASEEM RESIDENCE - B Direct marina views 1,395 sq. ft. Ready July 2010 Lina Bayazid Siada (Ref # AP94408)
AL ZEINA - RESIDENTIAL TOWERS Scenic water view 1,388 sq. ft. Ready March 2011 Lina Bayazid Siada (Ref # AP94913)
2 BR
AED 2,020,000
2 BR
AED 2,401,500
Found your perfect property? Contact us on +971 600 52 2212
ED UR AT FE
AL RAHA BEACH DISTRICT
31
FOR RENT
AL RAHA BEACH
1 BR
AL BARZA Direct marina views 1,470 sq. ft. Ready July 2010 Lina Bayazid Siada (Ref # AP229329)
AL RAHA BEACH
AL BARZA Direct marina views 1,186 sq. ft. Ready July 2010 Annie Phuang Utaikan (Ref # AP286980)
AL RAHA BEACH
AL NASEEM RESIDENCE - A Brand new luxury apartments 2,613 sq. ft. Ready July 2010 Imran Ellam (Ref # AP287173)
2 BR
AL RAHA BEACH
2 BR
AL RAHA BEACH
AED 180,000
AED 220,000
AL NASEEM RESIDENCE - A In a class by itself 2,441 sq. ft. Ready July 2010 Imran Ellam (Ref # AP286987)
AL NASEEM RESIDENCE - C Beachfront living at an attractive price 1,396 sq. ft. Ready July 2010 Shukhrat Babakhanov (Ref # AP287449)
No catch here! Buyers, all our prices are inclusive of agency fees.
AED 130,000
3 BR
AL RAHA BEACH
2 BR
AL RAHA BEACH
AED 250,000
AED 180,000
AL NASEEM RESIDENCE - A Direct marina views 1,173 sq. ft. Ready July 2010 Natalya Sapronova (Ref # AP287746)
AL NASEEM RESIDENCE - C Brand new luxury apartments 962 sq. ft. Ready July 2010 Jorim Omollo Amadi (Ref # AP286978)
2 BR
AED 180,000
1 BR
AED 150,000
More listings at bhomes.com
32 FOR SALE COMMERCIAL
ED UR AT FE
COMMERCIAL
FOR SALE
AL REEM ISLAND
SKY TOWER A desirable address 1,592 sq. ft. Ready September 2010 Jorim Omollo Amadi (Ref # OF283500)
AL REEM ISLAND
HYDRA EXECUTIVES TOWER In a class by itself 6,196 sq. ft. Ready December 2011 Linda Savidge (Ref # OF229592)
AL REEM ISLAND
HYDRA EXECUTIVES TOWER In a class by itself 6,196 sq. ft. Ready December 2011 Linda Savidge (Ref # OF229592)
July 2010
AED 10,848,776
AED 10,848,776
AL REEM ISLAND
HYDRA SKY TOWER EXECUTIVES TOWER A desirable In a class byaddress itself 1,592 sq. ft. Ready September 6,196 December 2011 2010 Jorim Savidge Linda Omollo Amadi (Ref # OF229592) (Ref # OF283500)
AL REEM ISLAND
ADDAX OFFICE TOWER Captivating environment 1,776 sq. ft. Ready December 2010 Natalya Sapronova (Ref # OF229544)
AED 2,266,000
AED AED10,848,776 2,266,000
AED 2,031,160
AL REEM ISLAND
SKY TOWER An investment for capital growth 1,606 sq. ft. Ready September 2010 Natalya Sapronova (Ref # OF248752)
AL REEM ISLAND
TIME TOWER In a class by itself 1,295 sq. ft. Ready March 2012 Imran Ellam (Ref # OF220761)
AED 2,977,524
AED 4,034,896
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Leave it to the experts...
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