Numerous Residential Projects in Dubai

For rental property Dubai has many worth looking projects and numerous compounds and flats or apartments in luxury modes that are delicate and perfect for residence. The current shift for the dwellers is towards residing in the apartments rather than choosing bungalows. Dubai property also has the potential for giving adequate return as well. To sell property, there are numerous property advisers who can arrange a suitable buyer as well as take responsibility for the preparation of the documentation of the purchase.

The increase in the prices of the property has several reasons. These reasons should be seen for the type of the flat, the general increase in the cement steel and other prices and the general inflation rate of the country. The above three factors shall be discussed in great details in the lines to come. For type of the flat, it is meant that whether the flat is built on compound basis or comes under the commercial projects. The compound flats are normally higher in prices as compared to the other type of the flats. However the experts are in no way advice in a clear way as to which type of the flat is suitable. The suitability depends upon an analysis of the advantages and disadvantages of each type mentioned above. As far as the material required for the construction of the property is concerned, their prices are normally not controllable. The demand for the material required is always at peak as new and unique buildings have always been in the process of being built. Cement prices in particular are also in the state of fluctuation. There are two options of acquiring a home for residential purposes. One may either get it built from scratch or buy an already built residence. For the second option there comes a further two options in the form of purchasing a brand new apartment or buying a used building. For constructing a new residence from scratch a person surely would require the services and assistance of builders and developers which may be in the form of a group of people or a company. They charge a certain amount of fee for providing such services which is agreed at the time of contract. A variation in contract is caused as a result of several factors like delay in construction due to some unpredictable circumstances, unavailability of material for the purpose of construction and other several factors. These reasons for delay may be caused by the circumstance which may or may not be in the control of the developer. If the work of the builder or developer is increase due to extension in the time limit of the contract, he will surely demand a hike in the management and development fee.

For purchasing and selling properties in Dubai, our company provides some extravagant services to our customers. We help our customers in making such purchases that could benefit our clients. We offer services at lower rates as compared to other real estate agents. Our quality of work defies description and we feel proud on the trusts that have been imposed by our clients. So if you need to buy or sell a property, do contact us soon.

Property for Residence and Investment Purposes

For getting smooth and increased rent property shall be continuously tuned and maintained. This helps in getting good return in two ways. The property being maintained in continuous way increases the life of the property and on the other hand the maintained property is considered to attract higher rentals. The appreciation in the property value is also considered while purchasing any property. For this purpose the value of the property increase in the last five years should be considered by collecting data from any reliable source. This can be obtained from the registration authority of the country or city. This data can be effectively used by projecting and forecasting the value of the property in the years to come. For the property prices to be forecasted correctly the valuer must be an expert in valuing properties and must have the required qualification, experience and know how of how to carry out certain valuation of properties.

In order to buy property, the customer must contact any estate agent and the rest of the work for the agent to carry out. The agent will thumb through his register in which he had been entering details of the property and the name and contact number of the persons who wish to sell their property. On receiving a client the agent searches its register for finding the property which matches with the requirements of the potential buyer. On the basis of the demand shown by the buyer the agent selects a number of properties for the purposes of visit of the buyer.

Dubai properties hold great value in the eyes of the investors as well as of the general public. The property projects that are started in the past few years clearly show how the industry of real estate has recovered itself from the slump. The efforts of the government particularly need praise in this regard. The way they put forward the bailout package to take out the sickening and drowning industry was remarkable. The idea to enhance the knowledge of those who are already the market player and also of those who have had limited knowledge and experience are now willing to make investment at realistic levels of risks. The idea that has gained much recognition during the past several years is to purchase property for the purpose of investment. In this mode of investment the investor purchase a certain property and then all he needs to do is to sit back and relax and let the property price increase itself by the passage of time. One thing that should be considered in this respect is the interest rates for deposits that are currently prevailing and offered on deposits. The expected level of increase in the property prices must be at least equal or in excess to that interest rate otherwise there would be no need to invest in the property and getting return on the deposit would be sufficient without doing any work. The expected level of profit from investing in the property is based on the analysis of increase in the property prices of recent years.

Thing to consider before Purchasing a Property

Dubai real estate industry has witnessed a great level of competition as the rivalry amongst the competitors is high. In any industry the level of competition can be assessed by considering five factors. These factors determine the profitability of the sector as a whole and thus determine the profitability of the company as well. These factors can be categorized as the power of buyers and suppliers, the entry barriers and threat from substitute products. There are so many entry barriers that can limit the entry of the new participant. This is beneficial for the existing participants who think that they can perform better and get good return on the capital employed by them if they are just few in number i.e. The competition is not severe in the industry. Further they feel that if new entrants are kept away from the market there are increased chances that they will get more orders and customers.

To buy property in Dubai, the buyer must contact persons who are estate agents as they have several contacts of the sellers of the property. On your contact they can show you several projects according to your needs and demand. After choosing a particular property negotiations with the seller is started. These negotiations are normally due to the purchase price disagreement between the buyer and the seller. The wishes of the buyer and the seller are poles apart. The buyer would want to have a property with maximum utility and advantages and that too with the least price possible whereas the seller would like to have a party that could pay the buyer with the maximum amount and within the latest time period possible. Once the parties agrees with a particular purchase price, an agreement in entered into between the seller and the buyer. This agreement is prepared by the estate agent who takes necessary particulars that are required to be included in the agreement. On the execution of the said agreement the buyer makes a certain percentage of the purchase price as initial payment and this fact is also stated in the agreement. The remaining purchase price is paid as per the mutual understanding of the parties involved and a maximum time is also selected within which the purchase is required to be made. If any party repudiated from completing the agreement the said agreement may be considered for producing in the civil courts.

Dubai rentals for apartments and bungalows depend upon several factors. This include the location of the property, the length of the area within which the property is constructed, the material and other fancy items used, the capacity and the way the house or flat is prepared. The location of the property directly affects the purchase price of the property and this is one of the major reasons for hike in property prices. The strategic location of the property also increases the value of the property in the years to come. Location can also be considered for accessing a particular point. Moreover the length of the area within which the property is constructed has direct affect and impact on the price. Also the quality of the material used in the construction is also seen as having an effect on the purchase price.

Recent Developments in the Real Estate Sector

Dubai Apartments are now the talk of the town. After the downfall in the industry of real estate flats or apartments in Dubai are now economical and within reach of millions of people who could only think of purchasing one a decade before. This has made more and more investment in this sector or industry. The apartments can be obtained on rentals and those who can afford may also purchase them. In this city, there are millions of buyers and sellers who are hopeful to get the best possible deals. We provide expert advice and also help to connect both buyers and sellers through developing a healthy and mutual relationship. We are honest in our work and we have been trying our best to be ranked at the top spot when it comes to the questions of valuing the services of the real estate agents of the Dubai.

Dubai Real Estate has been developing by leaps and bounds and much growth has been witnessed in the recent years. For this purpose, several companies in the real estate factor have shown tremendous growth despite the fact that there has been a slump in the property sector. For this reason, the government of the state has also shown increased interest in lifting the industry of real estate and for this purpose it has taken some serious and commendable steps.

Rent in Dubai for apartments and bungalows has been increased in recent years. The reason that may be attributed for the said increase is the fact that the buyers are not showing much interest as before in purchasing the properties and the focus of those who come to this city has shifted much towards the acquisition of residence in the form of rentals. For those who have intentions to get settled at this place should contact us immediately with their details as to the type of residence they are willing or expecting to get so that we can arrange several options well before their arrival. After reaching Dubai they can immediately dwell by choosing any of the options and this can be as easy as falling off a log. By offering the most viable and effective solution and options to our client we make sure that our clients get the best of the services and be satisfied with the residence option that they have selected. We are considered as one of the most well reputed organizations of the city and this is the reason we are witnessing increased growth in the profits year after year. Our profits have been grown at fairly rapid pace and we consider this expansion as the hard work and effort of our employees and experts. We respect our employees the same way as we give respect to our customers because we believe that to attain maximum amount of revenue by serving client it is necessary to have a dedicated and committed work force who presents themselves as united in every circumstances. Our operating culture is also very friendly and we rank our customers high and deal them with utmost care and in a courteous way.

The Option to Choose between Flats and Bungalows

As far as real estate Dubai is concerned, we are proficient and one of the best property dealing companies and we offer you tremendous options for purchase as well as rental in whole of the Dubai. We have ultra luxury and modern apartments that are required to deal with the specific and general requirements of our customers who come to us with a problem and we give them a perfect solution. The decisions of purchasing properties are not an ordinary one and thus requires great amount of consideration and thoughts before reaching a final decision. Such decisions are of long term nature and must be considered first and foremost before entering into any transactions. This is because these decisions will have harsh irreversible and severe consequences, impact and implication if they are proved or turned out to be wrong. But to avoid these problems, decisions shall be made after getting full knowledge of the property related environment and without falling into the shackles of an emotional and haste decision.

For rent Dubai property has several options. Before deciding on the house to be selected for rentals the tenant must take care of several considerations. The tenant must be fully aware of the fact that some small expenses should be taken care of and that the budget may pop up while moving home. The tenant is also required to deposit certain amount of money as a long term deposit with the tenant at the time of moving home. This deposit is returned when the tenant leaves the home. This amount of deposit shall not be confused with the monthly rentals. Normally the agreement for rental is for a period of eleven months and is renewed after mutual consent of both the tenant and the property owner. The increase in rentals is also supposed to be done after the prescribed period of eleven months but it may be extended depending upon the mutual consent of the parties involved. If the parties have good terms and conditions and are a part of a healthy relationship then the increase in rentals may be after a couple of years and that too without considering the market rentals.

Dubai Apartments has several unique and most advanced features that have shifted the trend from living in big residential bungalows to the luxury apartments. The features are many. Those who rank security as the prime thing before selecting a house must be choosing only flats as it provides and offers the desired security which is not found in houses. Further those families who likes to develop personal relationship with neighbors and others in the vicinity tends to focus their needs towards settling themselves in the flat or apartment. Since the advent of passenger lifts and installment of the same in the apartments the problem of stepping up the stairs has also been largely decreased. Some minor problems might be said to be arisen like the closure of lift during the maintenance of the lifts and some other incidental and related problems like extra expenses for running the lift.

The Business of Construction in Middle East

Construction in Middle East is going very rapidly in current days. People working over there are getting paid highly for their services with respect to services to the same services they are offering at their home stations. The investors are investing in the construction field very responsively for the reason that they have realized that the construction in the Middle East is gearing progress by leaps and bounds. They are offering business in the fields of infrastructure, buildings, rail, oil & gas and mining.

Construction of the buildings is the business that has been in practice for many years and it includes hotels, commercial and retail, hospitals and health care, residential, education and culture, industrial facilities, sports facilities and government models. Techniques have been used for providing better construction in less time and it involves construction on the techniques which are categorized in two different cases as techniques refer to be carried out away from the buildings site such as Panel Building Systems, Volumetric (Molecular Construction), Hybrid, Sub-Assemblies and Components. On-site manufacture consists of techniques including Tunnel Form, Thin Joint Masonry. Basically the construction includes the efficient management and reduces the time and produce the product of better quality.

Famous Projects

Owing to the latest trends of building construction in Dubai, the following projects have been constructed as Emirates Office Tower, Burj al Arab, Emirates Hotel Tower, 21^st Century Tower, Chelsea Tower, The Tower, Shangri-La Hotel, Capricorn Tower, Mujjan Tower and Mesk Tower. The business consists of many sections which need to be addressed with qualified technical staff including excavation, pile foundation, modern and efficient column design, wavell slab designing, façade, installation of chillers, cooling towers, IT enabled boards, incubation offices, community centers, acoustics,  seminar halls and state of the art lifts.

The Important Facts

In building construction, the activities are being carried out in the close vicinity of the site. The expenditure pertaining to the logistics is very much on the lower side. Clients, consultants and contractors can easily coordinate with each other. They can together inspect the active site sections and can easily conduct meetings in the presence of all significant and relevant project members, devise plans to counter the bottlenecks, study the problems and can jointly and efficiently find the solutions. Material inspection can be done very easily. All the contents like cement, sand, reinforcements, materials, tiles, ducts, fire alarms, etc can be stored at a single location.

The business of building construction gives the city a fine touch and aesthetically pleasing look. In recent times, countries opted for sky scrappers which have regenerated their outlook of the country. For Instance, the UAE has produced some of the magnificent buildings that have proven to be quite remarkable one. Developing countries are now opting for modern high rise buildings as well. The reason of constructing the high rise buildings can offer the advantages in collaborating different types of working sections to be conducting their business closely. Apart from that, it also provides an opportunity to save unwarranted land usage, thus, minimizing the surplus usage and can provide an opportunity for the people to save their hard earned revenue. Overall the scope of the business of construction in Middle East is greatly advantageous.

Building contractors in Dubai – United Arab Emirates

The United Arab Emirates in the Middle East is considered among the most developed states in the region in terms of construction and infrastructure development. United Arab Emirates has had its focus on the construction and real estate business since 2002 when the government passed a law to allow the foreigners and expatriates to buy, sell, and invest in the real estate properties in the United Arab Emirates. The government also planned to move forward progressing on a multibillion dollar development plan to bring the infrastructure up to international standards and for this purpose many building contractors in UAE were hired for residential and commercial construction projects. A number of building contractors in UAE including Arab Technical Construction Company, Saleh Construction, Al Habtoor Engineering, Al Shafar General Contracting Co. and Dubai Civil Engineering were issued tenders which worked very well and quickly brought the infrastructure in the United Arab Emirates up to international standards, especially in cities like Dubai, and Abu Dhabi which hosted major foreign investments from all over the world. This encouraged investors to further invest in various construction projects in United Arab Emirates as they very much appreciated the business friendly conditions created, easy legal procedures and infrastructure development done by the ruling government.

The Habtoor Leighton Group is one of the most dynamic and leading international building contractors mainly operating in Middle East, North Africa, and Asia. Providing employment opportunities to more then twenty thousand people, Habtoor Leighton is among the largest construction companies operating in United Arab Emirates and is known to develop or construct realistically useful, innovative, and rational result for its clients. Also the HLG has an immaculate reputation of working on huge, unique and extra ordinary projects for last forty years and this is why it is considered among the best in the construction business. The Habtoor Group mainly focuses on fields like Infrastructure development, Building, Rail, Oil & Gas, and Mining. The Habtoor group also has a number of other associated businesses like Advance Rail Group, Habtoor Specon, Habtoor STFA Soil Group, Thiess Services Middle East, Leighton Offshore Middle East, Habtoor ATCO, and Habtoor Steel.

A construction company in United Arab Emirates is the busiest company as there is a lot of construction taking place in all the Emirates, despite the fact that there is a long list of construction companies operating in UAE. It is a construction company that has built the United Arab Emirates, making it what it is today. Continuously growing tourism industry and increasing number of tourists and immigrants touring United Arab Emirates has been the main reason for the increase in demand of real estate properties in Dubai, Abu Dhabi, and in fact the whole of United Arab Emirates, to cater this continuously increasing demand of real estate properties in UAE foreigners and expatriates were allowed to either sell, buy, or invest in real estate properties which not only brought a lot of foreign investments but also a number of foreign construction companies that changed the course of building construction in the United Arab Emirates as these companies not only brought a lot of innovation but also new and unique ideas in the business.

Revolution of Infrastructure Construction in Dubai

The law passed by the government of Dubai in 2002 which allowed foreigners and expatriates to buy real estate property in Dubai has brought a revolution in building construction in Dubai since then and with a vision the government continued its efforts by developing infrastructure up to international standards which started an era of massive constructions in this metropolitan city. This not only brought huge foreign investments in the United Arab Emirates but also brought a lot of growth in the economy, employment opportunities, and the attention of the business community on this part of the world. Already the tourism industry in Dubai has been growing tremendously which itself did a lot of marketing for the building construction in Dubai and caught the attention of both the investor and the buyers to either invest or buy real estate in Dubai. Many new massive and unique projects were worked upon and brought projects like The Palm, The World, Dubai Marina, Downtown Dubai, Burj Khalifa, Business Bay, Dubai Sports City, Dubai Festival City, and many more and now it is due to constructions like these that Dubai today is known as the city of landmarks. These projects not only brought big boom to the real estate sector in Dubai but were also able to cater the growing demand of real estate properties in Dubai.

In old Dubai back in the year2000-2001 the demand of real estate properties grew enormously as the demand of real estate properties was more than the actual capacity of residential buildings and accommodations in Dubai. This forced the government of Dubai to pass a law which allowed foreigners to buy or invest in the real estate and property market in Dubai, and started massive residential building construction in UAE. Several new projects were started as a result of this residential building construction in UAE, and were quickly able to keep up with growing demand of real estate property in the market. This created a lot of employment opportunities not only for the locals but for people from other parts of the world as well also all these foreign investments gave a lot of boost to the economy of Dubai which at a time was performing among the best performing economies of the world.

Although the law was passed to invite investments and construction companies in Dubai but still there was a lot to be done in infrastructure development up to international standards for which the government was very keen to work on. Tenders were given to a number of infrastructure and road construction companies in UAE who worked day and night to achieve their goals and finally after untiring efforts of these infrastructure and road construction companies in UAE, United Arab Emirates became a place which had an infrastructure no less then any developed country in the world and this is the main reason why Dubai and the rest of the United Arab Emirates is the most developed nation in the Middle Eastern region as not only have they been able to diversify their economy from oil to other sectors, but have also been able to gain the confidence of the investors from world over.

Construction Business in United Arab Emirates

United Arab Emirates in the Middle Eastern region which for a long time was known for its oil based economy only has now started diverting its economy to the real estate and the construction business. There is a number of civil construction companies in Dubai involved in construction of several residential and commercial projects. There are different type of construction companies involves in constructing buildings and constructions we see in our daily life. These civil construction companies in Dubai require a special permit from the Real Estate Regulatory Authority in Dubai to start construction on a particular project. An inspector form the Real Estate Regulatory Authority then visits the construction site and checks other specification and requirements and issues the permit to the construction company. Some of the well known civil construction companies in United Arab Emirates include ACTCO, Arabian Construction Company, Dutco Group, Nakheel Group, Emaar, DAMAC, Al Naboodah, DCC, and Kanoor etc. These companies have been involved in most of the construction projects being constructed in Dubai and the rest of United Arab Emirates and have been providing excellent services for quiet some time now, making Dubai a city of landmarks by construction a number of unique mega constructions like The Palm, The World, Dubai Marina, Arabian Ranches, The Meadows, Business Bay, Dubai Festival City, Dubai Sports City and many more.

The Abu Dhabi Tourism Development & Investment Company planned a museum to be constructed with the name of Guggenheim Museum and signed an agreement back in 2006 with the Guggenheim Foundation of New York to build it. Located on Saadiyat Island the museum has been allotted a plot of thirty thousand square meters to be built upon. This museum construction in UAE is designed by Frank Gehry’s and is expected to be the largest Guggenheim of the world. The location itself is spectacular as gives a wonderful view of the Persian Gulf and if said that this museum construction in UAE is the construction of another landmark then it wouldn’t be wrong. The Guggenheim Museum is expected to have galleries for permanent collections and special exhibitions, also a place for Science & Technology, department of Architecture & design, library, children educational facility, a state of the art laboratory and much more to catch the attention of the people visiting.

The Dubai Sports City is the worlds first purposely built sports city in Dubai, United Arab Emirates and is another one of the mega construction projects being constructed in this part of the world. Apart from the residential community the project will consist of a twenty five thousand seat cricket ground, a ten thousand seat indoor arena, a five thousand seat field hockey stadium and a golf course with an area span of thirty six hectares. Golf course construction in UAE in a project like the Dubai Sports City is not only a big attraction for the golf lovers but is also the start of a new concept in the construction business as golf course construction in UAE is an option that is very much like by most of the elite looking to buy real estate property in Dubai.