Dubai Real Estate Developers Revising Prices and Payment Plans Based on New Market Conditions

With an estimated 70+ projects that are now for sale across Dubai, we are increasingly seeing Real Estate Developers revise their offering, prices and payment plans to gain market share.

While the major established developers like Emaar Properties, Nakheel and Dubai Properties Group are still able to sell out projects with relative ease – there are now dozens of smaller, private developers that are building various types of projects across Dubai.

The competition is strongest on the mid-end segment. Hot spot areas of development include projects like Dubai Sports City, Jumeirah Village and the greater Dubailand area. With so much competition in this segment, developers are adapting to the market place with new, innovative campaigns and product placements.

A bit of background; Dubai’s real estate market crashed in late 2008 and between 2009 – 2011, the market corrected drastically with prices declining between 30 – 50% in some cases.

Starting in 2012, mainly as a result of instability in the region (remember the Arab Spring), billions of dollars poured into Dubai – largely being diverted into the local real estate market.

From 2012 – to late 2013, the market appreciated drastically. In order to cool down the market and prevent another bubble, the Government took a number of measures to prevent speculation. An increase in the mortgage cap, doubling of transaction costs and preventing off-plan buyers to resell immediately have all contributed to a slow down.

The slow-down has not been as drastic as once feared. The correction which began in mid-2014 has seen prices decline by 7 – 10% on average for most communities. Many of the small and medium sized investors have started consolidating their positions. Most mature communities have high occupancy rates and now witness less transactions.

The overall market has now shifted towards the off-plan market. Buyers from within Dubai and from overseas are attracted to purchasing on payment plans which minimize cash flow and risk.

Thousands of units have been announced for development since 2013. In the long run, the city will require new housing to counter a growing population and high rental costs which contribute to the high cost of living in the city.

With so many under-construction projects, developers are competing against one another in ways that they have never done before.

Developers are revising prices downwards and in an interesting turn of events, many new projects are now offering payment plans which extend to upto 3 years after completion – a concept which was pretty much unheard of a few years ago.

Good examples of these extended payment plans are projects like Royal Estates in Dubai Investment Park, GGICO’s numerous developments in Sports City and Dubai Silicon Oasis and Al Khail Heights.

Even high-end developments are beginning to introduce flexible payment plans. Fortuna Village, a 30 townhouse development enclave within Victory Heights, has recently offered buyers a chance to pay off their units upto one year after handover on a 6% increase on the purchase price.

According to research done by on under-construction freehold supply, there are 9,000 villas, 6,300 townhouses and 38,000 apartments currently under-construction across Dubai.

How to Be a Real Estate Developer – Investing in Real Estate

Want to know how to be a real estate developer? Take all the required courses in real estate and get your license to work in this field, and there you go. But what if you want to be more than just a developer? What if you want to learn how to be a very, very successful real estate developer? Well, it seems that that can only come with time, trial and error learning, and years of experience in the industry. But does it really have to be this way? Is there no other way to short-cut through all those years of experience?

There is one obvious way, and that is to learn how to be successful as a real estate developer through finding a mentor, or personal trainer in this same field of expertise. The only problem is that whenever we approach a veteran of the real estate world, we don’t get much in the line of answers. Those who have traveled the long and windy road to success, gaining inside knowledge and the wisdom that comes with experience aren’t all ready to spill their guts about their secrets to those who would simply become their toughest competition.

But here really are those out there who do wish to teach the inside know-how on how to be a successful, well learned real estate developer, and they do so without fear of competition. How do they do this, and where do we find them? The answer to both is through the internet. This kind of distance learning is a perfect way to learn from those who have acquired this wisdom, and for those learned ones to speak freely in educating us in these matters. Finding a personal trainer in this field is worth a gold mine, and with what you learn, you will find many other gold mines to be had in your real estate career.

A Well Layout Home Interior Design Accommodates A Variety Of Activities

A room will stay looking good for a long time if you decorate it correctly and take the time to prepare the surfaces carefully and properly. There is an enormous range of home interior designs available today, so that making your own home furnishings is more rewarding than ever before. When choosing fabrics, bear in mind that texture and the way a fabric drapes are as important as color and pattern.

Whether we like it or not, as we grow older the way we deal with everyday home interior designs begins to subtly change. Almost anyone can handle demolition or get a room ready to paint. If you’re buying from a home center or cabinet supplier, design services are inexpensive and usually added to the cost of the installation. Unfortunately, as you begin to budget, reality often posing as your bank account usually step in and demands concessions.

If you want to replace or add to existing furniture, a plan quickly shows you what will work in the available space. The main type of plan that are useful for these purposes are floor and wall plans. You may have the luxury of a fabulous amount of space to play with but, unless you have a very large house, you also have to fit a lot of activities into it. If you find you need more privacy in a particular area of the living space, erect a formal room divider.

If the room leaves a lot to be desired, work according to short and long-term aims.
Pattern is often just as appropriate for a small room as a large one. Often a few small touches will go a long way to making your home interior designs remain a happy one. If you are keeping some or most of the existing features, it’s not always easy to pinpoint exactly what you need to do to a room that lacks inspiration.