Latest real estate updates IN UAE

Nakheel gets $177m lowest bid for Dragon City Towers.

Dragon City towers

Master developer Nakheel Announced saying that it is assessing 11 proposals ( from top bidding agents from all around the world )  with the lowest bid seen at just under Dh650 million ($177 million), for the construction of Dragon Towers, it also compliments with  twin-building residential complex at the rapidly-expanding Dragon City community in Dubai.this project is likely be awarded as one of the top third quarter which is going to be in top listing 2021 said a statement from the UAE developer.This property will release this year having more than 142 bedroom with in the property is directly linked to the world-famous Dragon Mart retail and trading hub. The news comes a day after Nakheel announced that construction of the third expansion at Dragon City – an Dh169 million showroom and car park complex – has reached the 80 per cent mark.

DIFC grand mosque set to open next year

DIFC grand mosque

An luxury art mosque with gross floor area is a most stay location in gate avenue.this is one of the premium and most happening project in whole of UAE. With a capacity of over 500 worshippers, the mosque will serve all five daily prayer times. Friday and Ramadan prayers, and will be accessible 24 hours from street level through lifts and escalators.said a statement from DIFC .  From design point of view DIFC grand mosque is all set to create new trend in UAE . Spanning across 660,000 sq ft of built up area and 880 m in total length, Gate Avenue at DIFC  will link the podium levels of all buildings located in DIFC , from the Gate Building to Central Park Towers.

Dubai’s luxury real estate is getting some of its mojo back

Dubai luxury real estate

Dubai’s high-end freehold communities  are looking forward for some sort of price stability, probably for the first time since mid-2014. Values at the Palm Jumeirah  has recorded a price growth 1.2 per cent in the 12 months to end March. In 2018, Knight Frank expects up to 33,000 units as scheduled for delivery. If this level of supply comes to fruition, it may drive prices lower and could impact confidence.

Creating resorts in an urban setting

Resorts in urban setting

There  are various  studies which  have shown that  living close to high end  great free space amenities have  high level of happiness to cherish.

In fact, ServiceMarket’s recent study have soon the happiest Dubai neighbourhoods placed Emirates Living(Springs, Meadows, Lakes, Greens, The Views, and Hills) in the top spot, with an  top average rating of 4.16 out of a maximum of 5. Their abundance of green spaces and amenities offer residents a sense of community, coupled with high quality large villas and townhouses that give a feeling of status and style.

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