The community is located near one of the lush and landscaped communities in Dubai like Jumeirah Lake Towers, The Greens Community and Dubai Marina and allows its residents to enjoy the various attractions of these areas. This is a large community consisting of 291 building which feature 26000 apartments. All the properties are divided in the six themed communities all of which offer superb value for money. Why you should consider investing in Discovery Gardens in Dubai is because of the two reasons.

Enjoy Ideal life!

Discovery Gardens Dubai invites all types of people to enjoy an ideal lifestyle. It offers a wide variety of quality properties including studios, one and two bedroom apartments perfectly priced low to attract the middle income people in Dubai. The rental apartments are all furnished to enhance the quality of life. Some of the amenities include swimming pools, parking areas, schools, shopping malls, gyms, mosques, beauty parlors, tennis, and volley ball and basketball courts.

Ibn Battuta Mall, which is one of the most popular destinations, is located across the road from the Discovery Gardens and offers awesome entertainment and recreational activities.

Least costs!

The price of property in Dubai Discovery Gardens is currently at its lowest, since it is considered a secondary location in Dubai and it would take some time before we can expect rise in its prices. Due to high influx of bachelors in Discovery Gardens, families consider it insecure to live. The developer of this community is trying to fix this issue and as soon as the problem gets fixed; the price of the properties would start inching up.

Dubai real estate is struggling hard to roar back to its original position and the times are not far when we will see it happing in real. Any investment made today in Discovery Gardens would offer high ROI in future.

Demand is underestimated!

The problem started when foreigners left Dubai properties vacant as a result of their layoffs. As the UAE government heavily relies on its real estate sector, since it has been working day in and day out to create the demand of properties and set the track of the sector towards growth again. The government in collaboration with the relevant authorities has taken following steps to create property demand in the UAE.

• Slashed EIBOR to bring down the mortgage rates to as low as 5%
• Extended multiple visa entry option for the foreigners
• Kept many projects worth billions of dollars on halt
• Cancelled many projects to keep the supply under control
• Added only quality properties in the market

Despite these prominent steps, there is still a lack of demand in the market.  This is true to some extent but demand is also underestimated. Demand is originating from the foreign investors again due to the regional unrest in their native real estate markets and low price of the property in Dubai. This emerging demand is not being taken in to account.

Truth behind lack of demand!

The large influx of the people from the worldwide countries is boosting the demand of Dubai real estate. During the final quarter of 2011, Knight Frank Global House Price Index has reported 2.3% increase in prices. The demand of property in prime areas where quality of life is high like Dubai Marina and Jumeirah Lake Towers is all time high.

JLT and Dubai Marina are the top liked areas for investment and that is why the occupancy rates are rising in their properties. The occupancy levels have reached in the two developments of Marina Dubai e.g. ‘Marina Terrace’ and The Waves’ to 97% and 94% respectively. So the demand is emerging especially for the prime properties in Dubai and this is a sign that the sector would roar back to its original position soon.

Al Reef Villas – An affordable community!

Buying or renting out property in Al Reef Villas community is affordable is because of the two clear cut reasons.

• The price of Abu Dhabi real estate is currently at its lowest and this is the right time to own property in Al Reef Villas community. Any investment made in any type of property in Al Reef Villas today can double or even quadruple the return in the near future, since prices have started to show small spurts of growth.
• Al Reef Villas community is a project of Manazel Real Estate and the primary purpose of the project is to provide affordable housing solutions to the middle income tier of population. It is the first properly planned affordable community in the UAE so it has been offering better rates since boom times.

Enjoy High Quality of Life at Al Reef Villas!

Despite that Al Reef Villas community offers residences at affordable rates, it does not compromise on quality of life. This is a fantastic community which offers exciting lifestyle options in all of its four themed sub communities. The four communities in which Al Reef Villas are divided include Desert Community, Arabic Community, Mediterranean Community and Contemporary Community.

All the communities feature spectacular designs of buildings with outdoor balconies and lawns. The communities also have 24 hour security services, swimming pools, children playing, parking facilities, sporting facilities and medical facilities. Besides that, the residents of Al Reef villas can enjoy various other facilities like clubs, restaurants, malls, supermarkets, hotels, schools and retail shops in close proximity that adds to the high quality of life the community offers to its residents.

If you are also someone looking forward to investing in Dubai real estate and unable to find some property matching your budget, consider investing in Al Reef Villas Abu Dhabi. The double cost advantage and the high quality of life Al Reef villas offers to its residents is making it an all time favorite community of the real estate investors.

Comparison reports

Several of the comparison reports released for Dubai property as well as Abu Dhabi real estate have revealed that the performance of the local realty market in Abu Dhabi has been much more promising than it was a year before. It may seem hard to believe that Abu Dhabi’s economy is expected to grow at 5% in 2012 which is 0.5% more than what it was in 2011. The recent drop in Abu Dhabi’s rental seems only temporary as the increase in growth will definitely begin reflecting on in the value of properties for rent in Abu Dhabi. Same can be said for properties which are up for rent in Dubai.

Escalating tourism

Tourism in Abu Dhabi is on the rise in general. Abu Dhabi boasts some of the most luxurious hotels in the world. For that very reason, these hotels offer room for rent in Abu Dhabi at quite alarming rates. So in a way, most of these hotels are for those who can afford the best. If not, there is also the cheaper option of going for single room occupancy. For most landlords, letting single rooms so far has not been an option. Judging by the number of sole tourists, they can put rooms for rent in Abu Dhabi and yield good results.

The residential market in Dubai is showing mixed results since the demand of premium properties is rising in Dubai across some areas while properties in other areas still seem to be in pressure. Despite the mixed results, the overall Dubai real estate market is continuing its trend of stability. On the other hand, the price of the Abu Dhabi real estate is marking considerable declines.

In comparison to the previous quarter, the rents of villas in Dubai have inched up to 1% during the Q1 of 2012, whereas the selling prices of villas have grown by 4%. The rise in the selling price of the villas is because of the increasing number of the owner-occupiers in Arabian ranches, Emirates Living and Palm Jumeirah.

The average rent of a one-bedroom apartment in Downtown Dubai has showed a 5% growth in the first three months as compared to the previous quarter. A four-bedroom villa in Arabian Ranches and a 3-bedroom villa in Meadows has marked a growth of 2% and 3% respectively. Moreover, apartment rents have also remained steady across man areas in Dubai showing that residential market is now getting back on the track slowly.

Opposite to the residential market, the commercial sector of the market has showed low performance with 2% marginal declines in the in the sale of the offices because of low number of transactions. Moreover, the rents of offices in Dubai have also declined by 1%. Though residential real estate is currently outperforming its commercial real estate of Dubai, yet the rate of decline has been slowed down as compared to the worst times. These results show that other cheerful news about Dubai real estate can be expected in the following year.

According to the survey conducted by the real estate brokers in Dubai, prices of the villas are reported quite high according to the current market conditions. Dubai villas‘ prices were rising during the earlier quarters of 2011 but during the last quarter, it was noticed that there are many villa sellers in Dubai, who are pricing their properties out of the market. Moreover, according to the property finder, currently there are only few enquires which are translating into sales, since a 13% fall has been noticed in the villa viewing on the web.

The fact is that villa prices are inching up only in few areas in Dubai where quality of life is high and the property is premium with respect to the construction. Dubai villas in ‘The Springs’, ‘The Greens’, ‘Meadows’, ‘Palm Jumeirah’, Palm Jumeirah village’ are in high demand and that is why property prices in these areas are inching up constantly. In terms of the property views and enquires, Dubai Marina topped in the list of the highly searched areas in Dubai during the fourth quarter. Moreover, it was noticed that the villas having two bedrooms were not in high demand as compared to other villas in Dubai.

The increase in villa prices in only few areas across Dubai has given rise to a term ‘selective stabilization’ in Dubai real estate. Despite the fact that some villa owners are pricing their properties not in accordance to the market conditions, the villa market seems to be more secure and stable as compared to the apartment market in Dubai. Experts are hopeful about the future performance of Dubai villas, since many local as well as foreign investors are not looking forward to having a property in Dubai.

Despite the economic recession, the speed with which the property prices are recovering shows that the market is surely on the positive path. Though stabilization and recovery is mostly seen in limited prime residential and commercial areas across Dubai yet more uniform and steady recovery is expected in the following year. Owing to the regional unrest in many counties of the world and the US and European real estate sectors performing not so well, investors still are interested to invest in Dubai real estate.

The residential sector of Dubai is outperforming its commercial sector, since the prices of residential properties in many areas across Dubai have gained advantage from current capital shifts in the region. The prices of the communities like Dubai Marina, Arabian Ranches, Arab Spring, and Jumeirah Lake Towers have been inching up since the beginning of 2011. Though the commercial real estate is currently performing not so well but according to Cluttons, buyers are gradually showing interest in this sector as well.

The offices available for rent in Dubai offer cost savings to the businessmen, since the prices are now declining slowly as compared to earlier times.  In comparison to the London or New York real estate, the prices of the properties are much more affordable in Dubai. Those who know this are bringing their businesses to Dubai. More astute investors are there in Dubai real estate market who look at the properties with different angles.

Buyers now note down location, price, sense of community, quality, architecture, internal décor, facilities, and many other things before purchasing a house in Dubai. Sellers in order to create the demand of their properties are now staging their properties to suit the needs of the buyers. These all activities are the positive attributes of Dubai real estate, which are making the market more mature as compared to the earlier times.

Experts believe that since 2010, prices in different areas of Dubai have been showing small spurts of growth. The Dubai rental or buying properties in areas where quality of life is high are in good demand and their prices are also appreciating where as in the rest of the areas, the prices are either stagnant or falling due to lack of demand. The demand of the properties rising only in certain areas of Dubai has set the track of the market towards “Selective Stabilization,” which means stability in prices in only selective areas in Dubai.

According to the experts, this “Selective Stabilization” is making the market uneven and is delaying the overall real estate recovery in Dubai. Moreover, this selective stabilization has been reported in only those premium locations in Dubai where only a fixed number of properties are on the market.

During 2012, almost 15000 or 16000 new units are expected to add to the market, since many halted projects are in their final stages of development. Experts are fearful that this new supply would be an extra burden on Dubai real estate, which can delay the recovery for another year. This supply if on hand can further slash real estate prices in Dubai then on the other hand can also strengthen the concept of selective stabilization, with more price recovery in the selective areas in Dubai.

Experts believe steady and even price recovery in all the areas across Dubai is the need of the hour. Currently the “Selective Stabilization” is a hurdle in overall Dubai real estate recovery, but if government take serious actions by enhancing qualify of life in secondary locations; we can expect a brick start to prompt recovery in 2012.

Despite that, experts think the 4.5% economic growth expected in Dubai economy in 2012 would relax the profit margins of the companies. Increasing job creation in Dubai is expected to soak up the pressure of the supply being added to the market, since the job creation will increase the demand of properties in Dubai. According to the latest survey by Bayt.com, one of the famous job hunting sites in Dubai, and You Govt, almost half of the businesses operating in the UAE are planning to hire new staff during the next three months of the following year.

Almost 63% of the companies they surveyed showed their willingness to hire new employees by the words “definitely” or “probably” while 44% out of the remaining 50% claimed that they would surely hire but less than five people. The basic purpose behind hiring is to grow their businesses in the better times of the economy. This job creation is expected to raise the living standards of the people in Dubai by increasing their purchasing power. They would be able to secure a decent mortgage deal for them. This would push the demand of Dubai hotels, residential as well as commercial units in Dubai up which would eventually heal its real estate sector.

People are always looking for having their own homes in some peaceful area like Dubai. Since the Dubai property prices are currently at their lowest, sellers are looking forward to sell their homes at better prices right now. As experts have predicted a double dip in prices of Dubai properties, sellers who are not familiar with the property sale procedure in Dubai are hiring real estate agents to sell their homes quickly and at a fair price.

 Steps to locate a right real estate agent to sell your home

Have a look at these steps to choose the right real estate agent for selling your home.

Ask from people who have sold their homes – Searching for the right customer to sell off your home is not an easy task. Your home is your precious asset that you probably would not like to go in anyone’s hands. In order to locate a perfect buyer for your home, you may ask for references from people who sold their home recently. This way you can get in touch with the right agent who has sound knowledge and experience of closing the deal successfully.

Invite your real estate agent to your home - It is essential to interact and communicate properly with your chosen real estate agent. The best way to do this is to invite the real estate agent to your home for an introductory meeting, so that you could sit and discuss all the important details with him. Spending good time with your agent will enable you to build trust on him. Once the trust is built, you would feel satisfied that you are giving your home in the hands of the right person.

 Collect all information of your home in a sheet – Before selling your home, you should collect all information about your house in a sheet that should highlight the best qualities of your home. Usually, the real estate agent overlooks these essential features of your home in hurry and giving him a file highlighting the qualities of your house, helps him to present this information to the buyer. Buyers before making any decision are always interested to know what makes your home apart from the rest.

 Make a commitment to stick with a particular agent – You spend time, money, and efforts to find a right real estate agent who meets your expectations. This is why you give your precious home in his hands. It is useless and time consuming, if you keep changing your agent without any need. Make commitment to one agent and stick to him. Changing your agent every now and then is not only difficult but time and money consuming as well.

Thus, if you follow the above steps, you would definitely locate right real estate agent for you. Wish you a happy home selling experience!