Dubai Leads Global Property Investment Markets

The volume of property sales in Dubai is poised to rise as more global investors, shifting their focus away from markets hit by credit crunch, seek to enter the Gulf markets, a leading global property investment.

Dubai, which registered the greatest improvement in real estate transparency globally over the past two years, is projected to record a 55.2 per cent surge in property deals to hit Dh717 billion in 2008 from Dh462 billion in 2007

With credit crisis hitting real estate markets in the US and Europe, many investors are eyeing Gulf markets, particularly Dubai

Dubai's position as the most transparent of the MENA markets placed it ahead of other emerging economies such as those of the BRIC Markets (Brazil, Russia, India and China).

Better than China, India and most of Russia, Dubai's transparency index score exceeds the other BRIC markets

Transparent markets as those that are open and easier to do business with the components of transparency encompassing transaction processes, the regulatory and legal environment, market fundamentals and performance measurements.

Ocean Heights Tower Reaches 10th Floor

DAMAC Properties – the luxury lifestyle provider and region’s leading private sector master developer has reached the 10th floor level for its Signature Series Ocean Heights residential towerOcean Heights is one of the many freehold towers being built in the Dubai Marina, which is located opposite to Le Meridien Mina El Seyahi. Ocean Heights will be a 310 meter (1,017 feet) 82-storey tower, with 680 apartments. The AED 1.5 billion (US$ 408 million) free hold residential tower will contain 1, 2, and 3 bedroom apartment units from 722 to 1,515 square feet and will feature 9 units of Signature Series Apartments from the 67th to the 75th floor and Duplex apartments from the 76th to the 81st floor.

In his comments, Peter Riddoch, CEO of DAMAC Properties, said: “It is very important time for us, we recently handed over 572 units at Lake Terrace and will continue delivering to our customers. We are pleased to see the development of Ocean Heights, we have already reached the 10th floor and now we are able to see it while driving by. We’re proud to bring Ocean Heights from the design concept to reality.”


“Aedas is the Lead architects for Ocean Heights. Aedas offers tailored, customized services and accommodates the needs of every development. Their international experience extends across a range of projects, private and public. Having AEDAS on board will ensure that we deliver highest level of architecture and creative design. DAMAC projects are designed with passion and vision aimed at becoming the Middle East’s most prominent luxury focused private sector master developer” He added.

Amenities at Ocean Heights will include an outdoor leisure deck with a temperature-controlled swimming pool, gymnasium, sauna, steam room, game room and children's play area. Other amenities included are coffee and juice bars, restaurants, 24-hour security, concierge desk, and housekeeping services.

DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - for the top property developer received the ‘Best High Rise Development’ award for ‘La Residence at the Lotus’ and the ‘Best Website’ award for the company’s revamped website – www.damacproperties.com. DAMAC’s La Residence at the Lotus in Business Bay Dubai has won the Best International High Rise Development Award that was held at Las Vegas recently.

Work, Live, Shop and Play Under One Roof

The Concourse. A multi-use, virtually self-sufficient living complex where you can work, live, shop and play, all within strolling distance of each other. Comprising two elegant towers rising out of a 4-level podium topped with an expansive Leisure Deck, the stunning architectural design of this complex is surpassed only by its extraordinary convenience. Facilities at the Concourse include;
25 floors of offices, 15 floors of residences
Common podium with 4 levels of parking
400 sq. mts. of Leisure Deck
Retail area and shopping mall
Easy access from main road on all 4 sides
Entire ground level dedicated to retail and shopping mall
Easy access for residents, office-goers and visitors
Supermarket for your daily needs
Open late for your convenience
Swimming pool with kiddie pool
Walking/jogging track
State-of-the-art gymnasium
Steam and Sauna
Restaurants

Burjside Terrace Serviced Apartments

Dubai Serviced Apartments
Burjside Terrace blurs the line between service apartments and luxury hotels. Located in the ‘platinum’ square kilometer of Burj Dubai District , Burjside Terrace is the epitome of quality living, and the pinnacle of lucrative investment opportunities.
Facillities at Burjside include;
62 levels of luxury serviced apartments
5 levels of podium
Dedicated level for leisure and relaxation
State-of-the-art gym and health club
Swimming pool, Jacuzzi, mini basketball
Ample parking

Green Court Jumeirah Village Dubai

Green Court in Jumeirah Village. A truly beautiful residential development offering stylized Mediterranean and Arabic themed architecture and comprising of studios, 1 and 2 bedroom apartments. A home that fills you with pride and makes every moment worth living! Green Court is a combination of ground plus 4 storey buildings. Enjoy the contrast of warm earth tones with the vivid green of the gardens both in your building as well as in the landscape surrounding you.
If you are an ardent health freak, you’ll find all the latest facilities to keep you in the pink of health. A spa with steam and sauna, to gently pamper you along with an extensive range of fitness facilities that are revitalizing. Perhaps, a workout at the gymnasium or a few laps in the pool.
Swimming pool
State-of-the-art gymnasium
Health club for men and women
Sauna and steam room
Convenient elevator access from the parking to the apartments
2 elevators and 2 emergency staircases
Location facilities:
Walking, jogging & cycling trails
Oasis promenades
Neighbourhood parks
Community sports

Parkside Apartments Dubai

A home away from the hustle and bustle of city life. Parkside is a modern architecture with two buildings connected by a common podium and highlighted by picturesque well-planned lush green spaces between the buildings. A cozy abode with calm and soothing surroundings, you’ll enjoy living in a home where luxury and beauty reside in perfect harmony.
Facilities - common
Landscaped roof gardens
Premium health club with gym & changing rooms
Sauna
Temperature-controlled outdoor swimming pools
Children’s playground
Wading pool (children’s pool)
Exquisitely designed lobby
Multi-purpose hall
Concierge desk with 24-hour service
High-speed elevators
Security access control and closed-circuit TV
Ample parking space
Facilities - apartments
Fitted kitchens with fridge/freezer, washer/dryer, ceramic hob, oven and dishwasher
Balconies
Wardrobes in bedrooms
Fully tiled bathrooms, ensuites and guest toilets (wherever applicable)
Vanity units and mirrors
Centrally air-conditioned
Double glazed windows
Satellite TV and telephone connections
Ultra high-speed internet access with ‘future technology-ready features’
Ceramic floor tiling

Mortgages made easy in Dubai

Making processes easier for buyers
The Mortgage Advisory division of DAMAC Properties Co. L.L.C recently organized a joint workshop with representatives of Abu Dhabi Commercial Bank(ADCB).
DAMAC Mortgage Advisory is engaged in facilitating mortgage processes for buyers of
DAMAC projects. Since the inception of DAMAC Mortgage Advisory in January 2007, ADCB has extended its full cooperation and support to the mortgage advisory team, who have
successfully procured mortgages for over 100 clients.Participants discussed various measures onimproving customer service and enhancing efficiency. Suggestions on speeding the mortgage facilitation process for the customers were at the forefront of the discussion. “DAMAC has pioneered the concept of mortgage facilitation for its customers.DAMAC MortgageAdvisory is the first-of-itskind service started by any developer and we feel privileged to be apart of this endeavour.The initial screening
process carried out by the DAMAC Mortgage Advisors is quite helpful and leads to rapidresponse.The bank offers mortgages to all UAEresidents, and non-residents of selectnationalities. Zero percent closure penalty upto five years makes themortgage offer by ADCB quite attractive and unique.