PROPERTY WATCH BY ROOTS LAND REAL ESTATE
Q1 2014 - COMPLIMENTARY COPY
Dubai market watch By Roots
Top searched community Dubai & Abu Dhabi
Dubai & Abu Dhabi market overview By reidin.com
mortgage and real estate Frequently Asked Questions
Properties For Sale & Rent
www.rootsland.com
Contents 03 DIRECTOR’S MESSAGE 04 DUBAI MARKET WATCH BY ROOTS 08 TOP SEARCHED COMMUNITY 10 DUBAI & ABU DHABI MARKET OVERVIEW 12 MORTGAGE FAQ 14 PROPERTY FAQ 15 PROPERTIES FOR SALE & RENT
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DIRECTOR’S Message With fifteen years in the UAE real estate market I have witnessed all the highs and lows, from the madness of the economic boom to the unfortunate crisis that hit Dubai in 2009. During this slump Roots Land Real Estate not only survived but actively participated in the sector’s recovery. Post Crisis the real estate market has been showing a continuous rise in demand, supported by constant population growth, along with the current rising confidence and strong fundamentals with the help of RERA and the UAE Government in their attempts to stabilize the market in order not to suffer another crash. The Real Estate sector is one of the main drives of the UAE economy together with tourism, trade and transportation, contributing in the UAE GDP by 15%. In this thriving real estate market we are proud to launch our new magazine. This publication will help our readers in keeping a deep and accurate knowledge of Dubai’s current real estate market through our quarterly market reviews and studies, various articles from key actors in the field, listings of available properties for sale, and much more. Benefiting from more than 15 years of combined experience in the market assembled to specific skills and education our team understands the sector’s dynamics and conducts in-depth analysis for the satisfaction of our readers who will enjoy free hard or soft copies of our magazine on a quarterly basis. As one of the biggest exhibitions dedicated to real estate, Cityscape Abu Dhabi is a great opportunity to release our first publication; the hard copies are distributed at our stand at Cityscape as well as in our offices on Sheikh Zayed Road, Jumeirah Lake Towers and Downtown Dubai, the soft copy is available on our newly launched website www.rootsland.com
DIRECTOR
FADI BOUSH RESEARCH & REPORT
ESTELLE RISSE EDITORIAL
SIRISHA JATHAN GRAPHICS DESIGNER
REHMAN ASHRAF
POB 215273 Dubai, UAE 1310 Grosvenor Commercial Tower Sheikh Zayed Road T +971 4 329 8333 F +971 4 329 8997 E inq@rootsland.com facebook /rootsland twitter /rootsland google plus /+rootsland
Special thanks to all our publication contributors for believing in us and actively participating in transforming this project into a reality. This magazine release would not have been possible without the continuous support of all our treasured clients and partners.
Fadi Boush Managing Director
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Roots Analysis Dubai Market Watch With strong fundamentals and steady confidence the UAE economy maintained its pace growth during the first quarter of the year; the country’s macroeconomic indicators are expected to keep on strengthening throughout the year. Contributing significantly to the UAE economy the real estate and construction sector remains in the limelight during this quarter showing momentum in both rent and sale rates overall the city. However experts trust this is a sustainable growth in a mature market regulated by the cooling measures introduced at the end of 2013 by Dubai’s Government. Measures aimed to reduce speculation include change in the property transfer fees from 2% to 4%, a new mortgage cap for UAE Nationals and Expatriates along with the release of a new regulation decree set to define the rental increase through the Ejari online system.
Residential Market Outlook - Apartments Quarter-over-quarter as well as year-over-year the number of sale transactions overall the city remains stable with the greatest percentage change recorded by Dubai Land Department in Jumeirah Beach Residence (JBR). Whilst Dubai Marina shows the strongest performance during the last quarter we expected a higher activity in JBR and Dubai Marina; however the increasing number of offplan projects and the abandoned projects resuming being released to the market give investors more options.
a walking distance to the beachfront and two metro stations. Additionally dwellers enjoy outstanding sea views, Dubai’s longest promenades surrounded by countless restaurants, coffee shops, hotels and retails. Impressive yachts emerged in the Marina reflecting the luxurious lifestyle of the inhabitants combining perfectly business and leisure in the heart of the ‘New Dubai’. We believe the upcoming completion of two major developments in these districts will positively affect the demand of the area: The Beach developed by Meraas including a 1km-long mall, an open-air cinema and many recreational facilities opened its doors in February while Dubai Tram‘s completion is scheduled at the end of the year. Downtown’s sale transaction numbers stabilizes this quarter; Roots Land on the other hand recorded rising demand in this area with many enquiries from potential buyers and tenants. Supported by numerous infrastructures and facilities, the ongoing extension of Dubai Mall together with the recent completion of several projects and the launch of off-plan developments we expect the district’s attractiveness will intensify in the near future.
During last quarter we witnessed sale rate increase in prime locations; JBR presenting the strongest rise with approximately 18% increase, similarly Dubai Marina’s prices rose by 11%, Jumeirah Lake Towers (JLT) by 8%, Downtown and Palm Jumeirah by 5%. The constant appeal of JBR and Dubai Marina lies in the excellent quality of the residences and the community facilities, its ideal location along Sheikh Zayed Road at 4 www.rootsland.com
Hosting the internationally renowned Burj Khalifa, Dubai Mall and The Fountain, Downtown is a luxurious touristic
district; this quarter it still presents the highest sale rates per square foot with numerous transactions recorded by Reidin.com in Burj Khalifa and the Address Hotels; the two most recent transactions that happened in March for a total price of 10 and 11 million respectively. The constant enhancement of these communities aiming to provide luxurious properties and state-of-the-art amenities and facilities affects middle-income citizens who start moving to more affordable districts offering high growth potential and yield. The significant demand rise reflects in the overall number of sale transactions in these areas where constructions are going on and new projects are regularly launched. Jumeirah Village presents the highest percentage change quarter-over-quarter (22%) before Dubai Sports City, Discovery Gardens, International City and Dubailand.
Residential Market Outlook - Villas The villa market decelerated during the last quarter, Roots Land recorded fewer enquiries for completed compared to off-plan developments and less sale transactions due to the market’s large supply, most of the latest project completions being villa communities. In the future we expect supply will expand as numerous off-plan projects were launched during this quarter or will be released to the market shortly. In the majority of the villa communities sale rates have risen last quarter; year-over-year Al Furjan presents the highest increase followed by Springs, Meadows and Palm Jumeirah.
As for International City it keeps its appeal thanks to continuous rent increase ensuring high return on investment to end-users and investors.
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Residential Market Outlook - Forecast Recently the strength and confidence of the UAE on an international level were proven by Nu Skin, Chinese company producing personal care products and dietary supplements, that gained international renown after taking the decision to reward 16,000 employees by sending them for a ten day vacation in Dubai, Abu Dhabi and Sharjah requiring 77 flights, almost 40,000 hotel rooms spread in 40 hotels, and 409 tourist guides. The city’s fast growing population mainly relies on new Expatriates; the current and expected strong performance of the UAE economy along with the security and stability of the country attract multinationals to open branches and offices in the country and motivates entrepreneurs in creating new businesses requiring professionals to run their business. Moreover the current European debt crisis and the Arab spring impacted countries encourage people to relocate their companies to the UAE. In the mid and long term the market will therefore require new supply to accommodate UAE Nationals and Expatriates. Lately we observed that most of the new projects are high-end products; however we believe it is important to provide budget friendly homes to middle-income inhabitants. Affected by the rise of property rent and sale rates middle-income citizens already started moving to the outskirt of Dubai and might start considering leaving the Emirate for farer but more affordable areas such as Sharjah and Ajman. Furthermore the new mortgage cap introduced in December 2013 increased the eligibility’s criteria for loans, making it more difficult for middle-income citizens to buy mortgaged properties. The off-plan developments and their different payment plans capture these endusers’ interest and provide them with different options. The developers, especially the master developers, have built their reputation and proven their reliability through the quality of their projects and by releasing the properties within the communicated completion date. By 2016 the market expects to add approximately 50,000 properties to its current supply; however this number is subject to project completion within their scheduled timeframes. Of the total new supply that will be brought to the market by 2016 15% is expected to be villas while 6 www.rootsland.com
85% will be apartments.
Commercial Market Outlook The commercial segment continues its recovery especially in business districts such as Business Bay, JLT and Tecom. The past quarters showed higher overall occupancy levels and larger level of supply maintaining fair rental pressure, subject to 5% increase during the last quarter. In the near future we expect the commercial market to continue its growth strengthening the demand. Dubai’s international place as a business hub reinforced by the Expo 2020 bid win and the ongoing master developments such as Dubai World Central should encourage multinational companies in opening offices in the UAE, creating approximately 200,000 new jobs and reinforcing Dubai’ s commercial segment.
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Q1 2014 Top searched community in Abu Dhabi & Dubai Abu Dhabi Al Reem Gate District 2BR
Rent
Size
Price
Sale
1BR
90,000
900
2BR
130,000
1280
1BR
1,250,000
883
3BR
170,000
1800
2BR
1,850,000
1335
3BR
2,650,000
1925
Price
Searches 822,620 Dubai
Downtown Dubai 1BR
Rent
Price
Size
1BR
115,000
914
2BR
167,000
1407
3BR
300,000
2080
Sale
Price
Size
1BR
2,000,000
904
2BR
3,500,000
1418
3BR
6,490,000
2063
Searches 15,977,567
We believe all ďŹ gures are correct at the time of publication, but are subject to change.
Size
You’ve saved 424 pine trees! Over 36 million properties viewed online
1 PINE TREE
85K Sheets
Note! 1 pine tree produces on average around 85K sheets of paper! If each property viewed online was actually printed as a one-page advertisement, we’d have contributed a mass murder of pine trees! Oh no! Source: science.howstuffworks.com
Over 5% of all the ads viewed result in an inquiry! UAE residents placed over 2 million inquires for property ads they viewed and were interested in.
Note! This statistic represents buyers or tenants who either looked at the phone details or emailed through an inquiry for properties they liked to various landlords, sellers or agents.
Quantity of property ads posted
For Rent
7,174,747
For Sale
6,550,685 www.rootsland.com 9
Dubai Real Estate Market Overview
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aBU DHABI Real Estate Market Overview
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Mortgage Watch Frequently Asked Questions The UAE has recently changed from a frontier market to an emerging market and the retail banking sector is keen to follow suit. Considering the banks were hit pretty hard during the financial crisis, they seem to have rebounded very well. The banking sector is moving in the right direction with the recent introduction of non-resident and under construction finance. Transparency is something that was lacking before, however this is another area where the banks have vastly improved, their products are not as complicated as they once were and their charging structures are now very linear. Below are some of the frequent questions asked by potential mortgage clients: Q A
Q A
WHAT TYPES OF MORTGAGE RATES ARE THERE IN THE UAE? There are three types of mortgage rates currently available in the UAE. Fixed rate – is a mortgage that has a fixed interest rate for a term between 1 to a maximum of 5 years. The benefit of a fixed rate mortgage is that the home owner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements. Upon expiry, the fixed rate will revert to either a bank variable rate or to an EIBOR linked rate; EIBOR rates – Set by the Central Bank, The Emirates Interbank offered rate is the average interbank borrowing rate of 11 lending banks and published daily on the central bank website and deemed completely transparent. Variable rate – usually predetermined by the bank itself, it takes into account various factors such as internal costs, liquidity, risk, default rate among other factors.
We have perhaps all heard of the Debt to Service ratio, but what is it and how does it apply? The debt service ratio (DSR) in the UAE is the affordability calculation set by the central bank; in a nutshell, if you add up all of your monthly liabilities, plus your projected new mortgage repayment, this amount cannot exceed 50% of your monthly income.
WHAT IS THE MAXIMUM AMOUNT I CAN BORROW AGAINST A PROPERTY? Lending prior to 2014 was available at up to 85% for expats and 90% in some cases for UAE Nationals. However due to a change in Central Bank policy, all lending for expats has now been capped at 75% loan to value for property purchase prices under 5m AED and 65% loan to value for purchases above 5m AED. UAE Nationals can secure a further 5% uplift on these loan to value ratio’s. All second property and/ or investment property is now capped at 60%, with off plan/under construction being capped at 50%. Affordability is one of the main drivers of whether a mortgage can be sought or not and at what level.
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Q A
IS ‘UNDER CONSTRUCTION’ FINANCE AVAILABLE FOR ALL DEVELOPMENTS? Only a handful of banks will lend on certain off plan developments and usually only to the bigger developers in Dubai (Nakheel, EMAAR and Dubai Properties), however with the influx of under construction or off plan units and developments available, the banks are currently re-addressing their stance with a view to adding more developments.
Q A
Q A
Q A
Q A
CAN A NON-RESIDENT SECURE A MORTGAGE IN THE UAE? Non-residents can now access finance at up to 75% with rates as low as 4.75%, however the choices are limited. With Expo 2020 looming, we are seeing a sharp increase in enquiries from non-residents who are contemplating an investment in the UAE real estate market. HOW LONG WILL THE MORTGAGE TAKE TO PUT IN PLACE? The average time frame for most mortgages is around 4-5 weeks in total, do not be fooled by anyone who tells you that a final mortgage approval can be done in 5 working days, it is rare and does not manage your time expectations. The mortgage process becomes more arduous when the bank providing you with the mortgage has to clear the mortgage of the seller. This process can add an additional 2 weeks to the overall time frame. I THINK I AM PAYING TOO MUCH FOR MY MORTGAGE? This could be the case, especially if you purchased between 2005-2010 as interest rates were high at that time. It would be advisable to consider a review of your existing facility with a view to refinance to a better rate and/or more flexible product. Some banks offer reduced or zero processing fees for clients looking to change lenders. CAN I RELEASE SOME EQUITY FROM MY EXISTING PROPERTY? Most banks will allow you to remortgage your existing unit to release funds. Some banks limit their loan to values and others would only allow an equity release for a specific purpose i.e. to purchase a further property in the UAE. The same affordability model applies as a purchase, however the costs associated are a lot less as there is no agent or land department transfer fees.
Q
WHY SHOULD I USE A BROKER OR CONSULTANT?
A
With around 33 lending banks in the UAE combining over 100 mortgage product combinations, the choice to the borrower is relatively extensive. While you can shop among as many lenders as you want, the reality is that you are limited in the number of banks you can contact. A good mortgage broker would
have contact with many different lenders and access to discounted pricing and favorable terms that individual borrowers can’t access. Home Matters have a large market share, have been established in Dubai since 2006 and are the biggest consultancy in the UAE both in terms of staffing numbers and volumes of business placed with the banks. This gives us some leverage and from time to time can offer our clients better rates and terms compared to applying directly to your bank. In many cases, we also achieve faster turnaround times. One thing to check when dealing with brokers or consultants is their independence! Are they independent from a bank(s)? Are they independent from a realtor? Investors the world over seek quality advice from professionals before investing their money. Committing to a mortgage should be no different. Why should anyone run the risk of trying to tackle the sourcing of a mortgage without seeking the best independent advice?
If you would like further information please call Home Matters Mortgage consultants on 04 388 3222 or email info@homematters.ae
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Frequent q&a By Our Property Management WHAT IS PROPERTY MANAGEMENT ? The operation, control and oversight of personal property that indicates a need to be cared for, monitored and accountability given for its useful life and condition.
MY TENANCY CONTRACT SAYS “ONE YEAR – NON RENEWAL” UNDER TENANCY PERIOD. IS IT RIGHT? A non renewable contract is not recognized by the law , so it is up to you to choose to sign or not.
AS A LANDLORD WHY DO I NEED PROPERTY MANAGEMENT? When you do not want to deal with prospects and tenants, save your time, not worry over marketing your rentals, collecting rent, dealing with bounced cheques, responding to tenant complaints, constant updates on the prevailing laws and pursue evictions. Plus a good management company brings its know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands.
However if it is mutually agreed by both the landlord and the tenant that the lease is valid for one year then the tenant will agree to move out at the end of the contract and the same is reflected in the contract.
AS A TENANT WHY WOULD I BE INTERESTED IN RENTING A PROPERTY UNDER MANAGEMENT? In order to reduce the response time and avoid later conflicts with the Landlords who do not reside in the UAE , for the purpose of RERA compliance it is always better to lease a property with a Management contract .
CAN MY LANDLORD INCREASE MY RENT IN THE FIRST YEAR? Yes your landlord is allowed to increase the rent as long as it reflects on the RERA rent calculator and even then he must have informed you of any changes to the contract and rent at least 90 days before the expiry of your tenancy. PREVENTIVE MAINTENANCE Why you need AC and FCU Units serviced! The effective functioning of the FCU’s and its controls has to be ensured to maintain the condition of the main chillers and its integrity.
CAN MY LANDLORD EVICT ME? 1 If the property requires extensive modernization that would mean one couldn’t possibly remain in the property during these renovations. 2 If the property requires demolition. In both of these two cases, the landlord would also have sought documentation supporting this from Dubai Municipality. 3 If the landlord or his/her next of kin of first degree wanted to move in. In this case he/she would also have to prove they do not also own a similar alternative property. 4 If the landlord wishes to sell. In both of these last two cases he/she would have to give a statutory 12 months’ notice period in the form of a notarized document that was delivered to you via registered post (couriered). 14 www.rootsland.com
A malfunction of the FCU or any associated controls like actuators/Fan motors/Thermostats will have an impact on the performance of the chillers and also lead to increase in power consumption.
OUR PROPERTY MANAGEMENT SERVICE • MARKETING
• FINDING A TENANT
• RERA COMPLIANCE
• TENANCY AGREEMENT
• RENT COLLECTION
• MOVE IN/OUT INSPECTION
• MAINTENANCE REQUEST
• SERVICE CHARGE PAYMENTS
• LANDLORD AND TENANT COMMUNICATIONS
For inquiry call 04 329 8333 OR email pm@rootsland.com
Burj Al Nujoom Downtown, Dubai Burj Al Nujoom or the ‘Star of Dubai’ is strategically located at the heart of Dubai’s architectural masterpieces of modern planning, within walking distance from Dubai’s major landmarks such as Dubai Mall, Burj Khalifa and Downtown Dubai. The Tower is a few steps away to Carrefour, Medi Clinic inside Dubai Mall, Restaurants and coffee shops. It offers the best location for easy access to Dubai’s two international airports, the Dubai International Airport and the upcoming Jebel Ali Airport. Burj Al Nujoom also caters to residents looking for an ideal location that stands near to business locations such as the Dubai International Financial Centre.
Features
• Ample parking for residents and visitors
BURJ KHALIFA & BUSINESS BAY VIEW UNITS
• High speed elevators
STUDIO 1, 2, & 3 BEDROOM PENTHOUSE
• Boasting Burj Khalifa views • High quality finishes
FOR SALE FROM AED 950,000 FOR RENT FROM AED 65,000
• Outdoor swimming pool • High quality fully equipped gym • Multi-function room
TO BOOK YOUR APARTMENT
CALL EMAIL
04 329 8333 inq@rootsland.com Residential
www.rootsland.com 15
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
Downtown For Sale
The Address HOtel
CLAREN 1
THE LOFT EAST
2 Bed | 1740 SQFT | Full Fountain
2 Beds |1292 SQFT | Partial Burj View
2 Beds | 1500 SQFT | Full Burj View
ASKING PRICE
ASKING PRICE
ASKING PRICE
AED 11,000,000
AED 4,000,000
AED 3,500,000
8 BOULEVARD WALK
SOUTH RIDGE 3
29 BOULEVARD 1
Studio | 550 SQFT | B.bay View
2 Beds | 1560 SQFT | Full Burj View
1 Bed | 850 SQFT | Boulevard View
ASKING PRICE
ASKING PRICE
ASKING PRICE
AED 1,300,000
AED 4,000,000
AED 2,700,000
BURJ VIEWS TOWER C
BURJ RESIDENCES 5
MISKA 1
1 Bed | 968 SQFT | Dubai Mall View
2 Beds | 1431 SQFT | Full Fountain
3 Beds | 1900 SQFT | Full Burj View
ASKING PRICE
ASKING PRICE
ASKING PRICE
AED 1,800,000
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AED 5,500,000
AED 6,000,000
Executive Towers Business Bay, Dubai The Executive Towers community is a unique opportunity for professionals and families to buy into downtown living in the heart of Dubai, strategically located near Sheikh Zayed Road, Business Bay, and the Business Bay metro station. 11 residential and one commercial tower are complemented by the Bay Avenue retail promenade.
Features • Easy access to Business Bay crossing • Swimming pool and gyms • Two level shopping mall at Bay Avenue • Close to Dubai Mall and Burj Khalifa • Close to Business Bay metro station • Serviced by off-site district cooling system
BOOK YOUR APARTMENT LOFT APARTMENT
FROM AED 1,500/SQFT TERRACE APARTMENT
FROM AED 1,600/SQFT
CALL 04 329 8333 EMAIL inq@rootsland.com
Residential
www.rootsland.com 17
World Trade Center Residence Sheikh Zayed Road, Dubai In the heart of historical Dubai and minutes from the city’s modern financial and business district the Jumeirah Living World Trade Residence is a strategic location for elevated and effortless living. From here, Dubai is truly on your doorstep; from world-class shopping at Dubai Mall to the soft sand at Jumeirah Beach, the sights and sounds of the vibrant city are all within easy reach. The close proximity to Dubai World Trade Centre and Dubai Convention Centre is ideal for corporate executives, making it easy to seamlessly blend business and pleasure in a luxury residence setting.
Features • Housekeeping & Maintenance Services • Business Center & Meeting Rooms • 24-hour Lifestyle • Team Business Centre and Meeting Rooms • A fully equipped Fitness Centre
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
• Rooftop Swimming Pool
LUXURY LIVING AT THE HEART OF DUBAI ONE & TWO BEDROOMS SIMPLEX & DUPLEX APARTMENT FOR SALE
FROM AED 1,900/SQFT
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Lake Shore Tower Jumeirah Lakes Towers The Lake Shore Tower offers a choice of studio, 1, 2 and 3 bedroom apartments and 4 bedroom Penthouses with stunning outlook. The intellectual design perception offers space, style and security to make it a perfect family home. With state of the art amenities, the Lake Shore Towers offer Serenity, Design, Luxury, Peace and comfort making it a relaxing retreat for the whole family.
Features • Boasting lake and golf course views • High quality finishes • Ample parking for residents and visitors • High speed elevators • Outdoor swimming pool • Fully equipped gym • Jacuzzi & Sauna
10% ON BOOKING 90% ON TRANSFER STUDIO, 1, 2, 3 & 4 BEDS PENTHOUSE
BULK UNITS AVAILABLE FOR SALE WITH READY TENANT OR VACANT CALL EMAIL
04 329 8333 inq@rootsland.com
Residential
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Jumeirah Bay X1 Jumeirah Lake Towers Set in the prestigious Jumeirah Lake Towers area, one of the most sought addresses in Dubai, Jumeirah Bay X1Tower is surrounded by lakes, waterways and landscaped gardens. It has been designed from the ground up to maximize the panoramic views of its stunning surroundings. The apartments have en-suite Wardrobe, Bathrooms and Choices of open and closed kitchen plans with Magnificently appointed, stunning views opposite Dubai Marina, Emirates Golf Club, Sheikh Zayed Road and Lake View.
Features • Separate gymnasium for ladies and gents • Rooftop swimming pool • Sauna Jacuzzi & steam room • Controlled building and parking access • Lake side promenade and restaurants • Minutes away from Spinneys & Carrefour • Close to Dubai Metro station
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
• 10 minutes away from the Beach
BOOK YOUR LAKE & GOLF COURSE VIEW UNITS STUDIO, 1 & 2 BEDS SIMPLEX & DUPLEX APARTMENTS
FOR SALE FROM AED 1,200,000 FOR RENT FROM AED 75,000 20 www.rootsland.com
Dubai Marina & JBR For Sale
Dubai Marina - THE ADDRESS
DUBAI MARINA - LA RESIDENCIA
FULLY SERVICE APARTMENTS BEDROOMS 1 - 850 SQFT REFERENCE # RT-S-1945 ASKING PRICE AED 2,100,000
MRINA VIEW BEDROOMS REFERENCE # ASKING PRICE
Dubai Marina - MAG 218
Dubai Marina - AURORA
GOLF COURSE VIEW BEDROOMS REFERENCE # ASKING PRICE
FULL MARINA & PARTIAL SEA VIEW BEDROOMS 2 - 1,405 SQFT REFERENCE # RT-S-1480 ASKING PRICE AED 3,650,000
2 - 1,750 SQFT RT-S-1874 AED 3,000,000
3 + Maid’s - 3,460 SQFT RT-S-1986 AED 6,700,000
JBR - Al Fattan Tower BREATH-TAKING FULL SEA VIEW ON THE WALK & WALKING DISTANCE TO THE BEACH SURROUNDED BY SHOPS & RESTAURANTS ATTACHED TO AL FATTAN SHOPPING CENTER BEDROOMS
For Inquiry Call 04 329 8333
3 + Maid’s - 2,200 SQFT
REFERENCE #
RT-S-1978
ASKING PRICE
AED 4,500,000 Residential
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Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
Ultra-sleek and modern, “The 8” is inspired by the fashion, glamour and jet-set lifestyle of Miami Beach. Transporting the Miami Beach vibe to Dubai, The 8 is more than just a residence, offering resort-style facilities including extensive water-sport rentals, a gym, tennis courts, a signature beachfront restaurant, beach cabanas, barbeque and event areas, as well as a dedicated children’s area and family pool. At eight-storeys, the mixed-use development will add an additional 300 units to the Palm Jumeirah’s limited inventory. The units comprise twoand three-bedroom apartments, signature townhouses and a limited number of penthouses. The resort will also offer a stunning mix of hotel apartments, ranging from one-, two- and three-bedrooms to a palatial presidential suite. The hotel apartments will be furnished with a bespoke collection created by Italian design house Kenzo Maison. Undisputedly contemporary, yet mindful of more traditional service expectations; The 8 sets out to combine the best of Western design and Eastern comforts. Floor to ceiling windows and large balconies maximize the development’s panoramic views; with one-side facing the stunning Marina skyline and the other a seemingly endless view of the Arabian Gulf. Motivated by the world’s leading fashion houses, the interiors are sleek and sophisticated, adorned with modern, high-quality finishes including porcelain floors and European kitchens. Complementing its wide-ranging facilities, The 8 will also cater to Dubai residents’ expectations for service, with highlytrained and competent concierge personnel able to help owners arrange everything from maintenance to dry cleaning.
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Developed by
10% ON SIGNING SPA BALANCE LINK TO THE CONSTRUCTION COMPLETION 2016 FOR INQUIRY CALL 04 329 8333
Residential
www.rootsland.com 23
Palm Jumeirah Balqis Residence
BREATH TAKING SEA AND PALM VIEWS
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
Balqis Residence is a mixed-use residential and leisure luxury resort on the crescent of The Palm Jumeirah. The design of the project is inspired by the values and symmetry of traditional Arab architecture. a five-star hotel. A beach club, several pools, luxurious landscaping, shops, restaurants, even a traditional souq.
FURNISHED ONE BED APARTMENT
FROM AED 2,415,000 FURNISHED TWO BEDS APARTMENT
FROM AED 4,050,000 FOUR & FIVE BEDS VILLAS
PRICE ON REQUEST
Fairmont The Palm
STUNNING SEA AND GARDEN VIEWS Set within the exquisite Fairmont Palm Jumeirah hotel, owners can enjoy use of the hotel amenities, including a spa, health club, seven restaurants and lounges, glistening pools and a private beach—featuring cabanas with butler service—as well as endless water sports.
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TWO BEDS APARTMENT
FROM AED 4,223,000 THREE BEDS TOWNHOSE
FROM AED 8,160,000 FURNISHED 5 BEDS APARTMENTS
PRICE ON REQUEST
Palm Jumeirah Shoreline
Oceana
Sea or Park views, these deluxe shoreline apartments
Private beach & infinity pool with amazing sea view,
have their own private health club, clubhouse, children’s
smart home system, luxury finished apartments, marble
playground, gardens and restaurant complex.
& parquet flooring
ONE & THREE BEDS APARTMENT
1, 2 & 3 BEDS APARTMENT
FROM AED 2,472,000
PRICE ON REQUEST
Golden Mile
AMAZING PARK, GARDEN & SEA VIEWS Residents enjoy spacious luxury apartments, superior finishes – including soaker tubs and rainshowers – and panoramic views. The Golden Mile Retail area will boast a major grocery chain, pharmacies, banks and fashionable shops as well as trendy restaurants and cafés. With ample indoor parking, this property is an excellent choice for a lifestyle best described as Living à la carte.
For Inquiry Call 04 329 8333
ONE & TWO BEDS APARTMENT
FROM AED 1,854,000 THREE BEDS TOWNHOUSE
FROM AED 4,120,000 FIVE BEDS PENTHOUSE
FROM AED 11,150,000 Residential
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villas For Sale
jumeirah islands
palm jumeirah Signature Villa
BEDROOMS
BEDROOMS
4
TYPE
GREAT ROTUNDA Mediterranean
BUA 5,284 SQFT
BUA 7,000 SQFT
PLOT 10,650 SQFT
PLOT 13,000 SQFT
REFERENCE #
RT-S-1784
REFERENCE #
AED 11,000,000
ASKING PRICE
ASKING PRICE
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
Garden Hall - Monaco
6
RT-S-1782 AED 35,000,000
arabian ranches - alvorada 1
arabian ranches - al reem 3
BEDROOMS
BEDROOMS
5
TYPE
Fully Upgraded - C2
3
TYPE 3M
BUA 4,424 SQFT
BUA 2,540 SQFT
PLOT 10,450 SQFT
REFERENCE #
RT-S-1937
REFERENCE #
RT-S-1843
ASKING PRICE
AED 3,200,000
ASKING PRICE
AED 8,000,000
26 www.rootsland.com
villas For Sale
Jumeirah Park - Sector P
Jumeirah Park - Sector K
BEDROOMS
BEDROOMS
3 + Maid’s
3 + Maid’s
TYPE Heritage Large
TYPE Legacy Large
BUA 3,527 SQFT
BUA 3,727 SQFT
PLOT 6,600 SQFT
PLOT 6,900 SQFT
REFERENCE #
RT-S-1886
REFERENCE #
ASKING PRICE
AED 5,000,000
ASKING PRICE
The Springs, Springs 3
Al Furjan
BEDROOMS
BEDROOMS
3 + Study
RT-S-1838 AED 5,100,000
5
TYPE 3E
TYPE A
BUA 2,500 SQFT
BUA 4,570 SQFT
PLOT 4,460 SQFT
PLOT 5,450 SQFT
REFERENCE #
RT-S-1778
REFERENCE #
ASKING PRICE
AED 3,400,000
PRICE AED 6,300,000
For Inquiry Call 04 329 8333
RT-S-1777
Residential
www.rootsland.com 27
JUMEIRAH BAY X2, X3 OFFICES - JLT For Sale & Rent
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
Jumeirah Bay Towers is situated in the heart of New Dubai on Sheikh Zayed Road and between two metro stations, Jumeirah Lakes Towers or JLT, is the ideal address to live, work and play. With such a high level of demand for mixed use freehold property in Dubai, this expansive development offers a much needed supply of office space with easy access to the city. The buildings at Jumeirah Lake Towers represent a variety of commercial and properties for freehold purchase and aim to be a further extension to Dubai’s growing business community.
SALE
RENT
• FULL FLOOR SHELL & CORE
• FULL FLOOR, FULLY FITTED AND SHELL & CORE
• SIZES FROM 9000 SQFT
• SIZES FROM 890 SQFT
• WITH 10 PARKING SPACES
• WITH PARKING SPACES
FROM AED 1,100/SQFT
FROM AED 90/SQFT
28 www.rootsland.com
Offices & sHOPS For Sale & Rent SALE
jumeirah lake tower THE DOME TOWER INDIVIDUAL FULLY FITTED, SHELL & CORE
FROM AED 1,000/SQFT FULL FLOOR
FROM AED 900/SQFT
RENT
jumeirah lake tower Jumeirah Business Center RETAIL SHOPS SHELL & CORE
FROM AED 95/SQFT
RENT
sheikh zayed road The H Office Tower H Hotel office tower has 37 floors of class A offices with 9 smart elevators, valet parking, secured parking and 24 hours security. FULL FLOOR, APPROXIMATE SIZE OF 12,235 SQFT
FROM AED 120/SQFT
For Inquiry Call 04 329 8333
Commercial www.rootsland.com 29
Disclaimer: The listings are correct at the time of printing, availability & prices are subject to change. Photos are for illustrations purpose only.
BOUZNIKA Oasis Villas Live the Luxury in Morocco Located in Bouznika Bay, at five minute walking distance from the magnificent Bouznika beach, between Rabat (40km) and Casablanca (50km) this project consists of six different types of villas lined on one side with crystal-clear ocean waters and on the other with spacious Mediterranean gardens. Residents of this prestigious community of 17 hectares benefit from green spaces and leisure amenities such as children play area, clubhouse, children’s park, swimming pool, Spa, splendid nine-hole golf course opened 24 hours, etc. The project consists of 6 types of high standard villas for a total of 136 twin villas of modern Mediterranean and Asian design. All villas combine quality, comfort and peace; they include two living rooms, four bedrooms, a modular kitchen, four bathrooms, a two-car sherlter, a staff gatehouseand staff premises, a private garden, a private swimming pool and two terraces.
Features • LANDSCAPE GARDEN • PRIVATE AND COMMUNITY POOL • BEACH ACCESS • CLOSE TO THE GOLF COURSE • CHILDRENS PARK & PLAY AREA • WATCHMAN ROOMS • 24 HOURS SECURITY
30 www.rootsland.com
فـــــيالت الواحـــــــة يف بــــوزنيقــــــة عــــــــش الـــــرفـــاهيـــــة يف املغــــرب
Oasis Villa Rabat
40 KM, Approx. 20min drive
Bouznika
50 KM, Approx. 30min drive
للحجـــز يـرجى االتصـــال عىل الرقــم 043298333 www.rootsland.com 31
Residential
casablanca
BUYING, SELLING, RENTING, PROPERTY MANAGEMENT, VALUATION & MARKET RESEARCH
POB 215273 Dubai, UAE Sheikh Zayed Road JLT Downtown T +971 4 329 8333 F +971 4 329 8997 E info@rootsland.com