Address: Hills Grove, Dubai Hills Estate

For more information, please contact Andrew Cummings at +971 56 122 4229 or andrew@luxuryproperty.com.

Andrew Cummings is the exclusive agent representing the Dubai real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here. 

Photos courtesy of Andrew Cummings 

The post Gorgeous Dubai Hills Mansion with Golf Course Views appeared first on Haute Residence by Haute Living.

It’s at the center of the world

We’re not being narcissistic here. Dubai is very strategically located at the crossroads of the East and the West, providing easy and direct connections to key cities around the globe. For world travelers, this is a perfect bridge between countries and for businesses, the ideal nerve center from where you can expand your global footprint.

Safety & Security

Dubai is known as one of the world’s safest cities. The crime rate is low and has dropped even further in the past five years, and the legal system is efficient and well-regulated. Even amidst political turmoil in the larger region, Dubai has remained a safe place to live and raise a family.

Excellent ROI

Dubai has, in just a short time, become a major player in the global property and it shows in the yields that its properties deliver. Compared to many cosmopolitan cities around the world, such as New York, Singapore and London, Dubai offers returns averaging 6% and going into the double digits on certain properties.

No Property Tax

One of the biggest advantages to investing in Dubai real estate is that there is no property tax, and in fact the whole city is essentially tax-free. Although VAT was introduced earlier this year, it does not have a huge impact on costs, and residential property transactions are exempt from it anyway.

Investor-Friendly Initiatives

One of the biggest announcements to come out of Dubai this year is that investors into the city and professionals in technically skilled fields would be issued ten-year visas. This is a huge step up from the typical two-year visa that is granted to residents, and far exceeds the length of similar visas offered in many other countries. This move will help to build investor confidence and give them more security for their investment.

Investor-Friendly Regulations

This is just the latest in a solid framework of laws that have been put in place to protect the best interest of investors. The Dubai Land Department and its regulatory arm, the Real Estate Regulatory Authority (RERA) maintain a careful balance between the buyers and sellers in the property market, ensuring that developers and agents do not renege on their promises.

City of the Future

Dubai is constantly developing new ways to enhance the lives of its residents, whether through improvements in infrastructure or building new communities that have a strong focus on sustainable living. It is on the road to becoming the first ‘smart city’, is investing heavily in practical uses for AI, and has its very own Ministry of Happiness. It also continues to build on its architectural reputation with magnificent new projects such as the Dubai Creek Tower, which will overshadow the Burj Khalifa upon completion, and the Royal Atlantis, a resort and residential development that will soon dethrone the Atlantis Resort as the centerpiece of Palm Jumeirah.

Haven for tourists

Over the past decade, Dubai has attempted to tone down its glamorous image and build its reputation as a city where families would want to settle down. That doesn’t mean it has stopped catering to tourists, though. As home to the world’s tallest building (Burj Khalifa), the world’s largest man-made island (Palm Jumeirah) and the largest shopping mall (Dubai Mall), the city is always creating new and exciting experiences.

Andrew Cummings is the exclusive agent representing the Dubai, United Arab Emirates market as a part of the Haute Residence real estate network. View all his listings at LuxuryProperty.com.

Images courtesy of Andrew Cummings, LuxuryProperty.com

The post Why You Should Be Investing In Dubai Real Estate appeared first on Haute Residence by Haute Living.

Spread over an immense 19,00 square feet, this villa has an abundance of interior and exterior space. Perfect for nights in with the family or a relaxed weekend soiree with a few close friends.

This is just one of three kitchens within the property, all boasting bespoke design and custom-crafted fittings. They’re almost too beautiful to actually cook in.

The home contains six spacious and very elegantly appointed bedrooms. In addition to a large walk-in wardrobe and an expansive private balcony, the master bedroom also has a retractable 4K cinema screen.

Speaking of cinemas, the villa has its own private screening room, also 4K and with 7.1 surround sound. Movie nights don’t get better than this.

The state-of-the-art home gym includes the best equipment to help you meet your fitness goals, and looks like it should come with a monthly subscription.

The terrace, perfect for enjoying Dubai’s gorgeous winters, is equipped with lounge-style seating, a dining area, a kitchen, an integrated audio system and a BBQ area.

The sleek contemporary villa is located in Dubai’s greenest community, surrounded by lush landscaping and opening out to a tree-lined drive.

The 65-foot long infinity pool is the piece de resistance of this home, with sunken seating, a fire pit and custom lighting and water features. A covered dining area is located alongside it.

Address: Bromellia Villa 3, Al Barari, Dubai

Price: $7,500,000

Bedrooms: 6

Bathrooms: 13

View the listing here.

For more information contact Andrew Cummings at +971 56 122 4229 or andrew@luxuryproperty.com.

Andrew Cummings is the exclusive agent representing the Dubai real estate market as a member of the Haute Residence Real Estate Network.

Images courtesy of LuxuryProperty.com

The post Extraordinary Villa In Al Barari With Designer Interiors appeared first on Haute Residence by Haute Living.

The prediction comes after a year of declining residential prices, which have begun to pare the bottom lines of top developers. In 2017 alone, values fell by 5 to 10 percent.

The report, titled Dubai’s Real Estate Slump Is Set To Persist, With Only Expo 2020 Offering Any Hope, calls the price dip a “correction,” triggered by a range of pressures that are depressing the home ownership and rental markets as well as retail.

The planned growth of residential properties is to reach 9 percent in 2018 and further 7 percent the year after, Reuters quoted a Jones Lang LaSalle report. The swelling in supply is to keep prices down, as demand is cooling off.

The value-added tax (VAT), which went into effect in the whole of the UAE on Jan 1, 2018, levies a 5-percent fee on the real estate industry. While home purchases in the secondary market are exempt from VAT, buyers still have to pay it on any commissions or processing fees. Commercial real estate buyers as well as tenants will pay VAT.

Further exacerbating the price reduction is the geopolitical isolation of Qatar on accusations of supporting regional rival Iran and terrorist groups. While Qataris make only a sliver of Dubai’s real estate investors, the sanctions against Qatar create a precarious situation where market trust is waning.

Although property prices have gone down by up to 19 percent from their zenith in 2014-2015, as the National Bank of Kuwait reported, experts do not envision a crash of Great Recession magnitude. Back in 2009 – 2010, prices plummeted by an astounding half.

S&P predicts that the market will jump back up in a couple of years with Dubai Expo 2020, which is expected to attract 25 million visitors from around the world and spur positive business sentiment. Yet, the report stops short of quantifying the possible upward trend and warns that a speculative hike in prices without a supply-and-demand match would hurt the Gulf sheikdom.

The post S&P Report: Dubai’s Declining Real Estate Prices To Last Until 2020 appeared first on Haute Residence by Haute Living.