The Best Apartment Developments in Dubai
Hot Deals!
Sea Facing, One Bedroom, Shoreline Apartment. Ready 1st November, 2006.
Fairmont Palm Residence, Sea facing, Zero Premium
The apartment developments on the Palm, Jumeirah were launched in the following order below and we have for sale apartments direct from the developers and owners in the apartments listed below:
These are just some of the featured properties we have available in this development. For a complete and updated list please add your contact details to our mailing list.
Breaking News for Oceana Buyers! May 1st 2006
Oceana properties are even better value with the normal 2% tranfer fee being waved by the developer who will only charge a 1,000 AED administration charge and will not require any accelerated payment of the next installment.
All our properties offer inclusive private beach access and many other facilities that the others do not. It is within these developments that we exclusively purchase properties as we strongly believe that they offer the best of what Dubai can offer in terms of facilities, location and value for money.
As each new development was launched the apartments were snapped up in a matter of hours. The laws of supply and demand took effect and each new development's apartments were offered to the market at a higher price per square foot.
The earlier developments have had their price per square foot go up on the re-sale market roughly in line with the launch price of each new development. However, they are still not as expensive to purchase on the secondary market as the newly launched apartments are. These apartments have excellent views and facilities making them very good buys at the moment. When all the apartments are finished they will undoubtedly exceed the later developments in price.
How much do they cost? What is the premium?
You will see when you visit real estate companies or their web sites a lot of talk about premiums. Premium in this market place is defined as the percentage increase in the price over what the property was originally sold for and what the individual is re-selling the property for. I urge you to pay little attention to these figures as they are irrelevant and misleading in your quest for a property. The most important things to do are to first look at the quality of the actual property you are buying to make sure of what you want and it suits your needs. Then calculate the cost per square foot of the apartment to see if it represents good value and the potential for capital appreciation.
What is good value?
To give you an example of where the market is right now, when the Marina Apartments were launched in July 2004 they were sold at between 1,600 and 1,900 AED per square foot depending on the height of the floor. The Jewell which was launched just afterward has not finalised the prices but I am told by the developers that apartments will cost from between 2,000 and 2,500 AED per square foot. These were the prices for properties at launch which have all been sold. They will of course be put on the re-sale market for more then this. When the properties are delivered in a finished state over the next two years the launch price and what those early buyers made on the properties will have no relevance and if you worry about what someone else has made on a property you will simply miss out on an amazing opportunity to purchase a property that will only go up a lot further in value over the next three to five years.
What do I have to pay and to who?
There is a separate web page for each of the properties that are for sale. With each properties discription is a table clearly stating what you have to pay to whom and by when? Click on the individual property link or go to the Homes For Sale section.
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