Emaar Properties plans to launch off plan sales for another of its Arabian Ranches villa developments as the company taps high investor demand sentiment in Dubai.
It will start to sell 98 new Arab style villas at its Arabian Ranches development in Dubai next Saturday in Dubai, Abu Dhabi and Riyadh as the Dubai developer continues to launch new off plan schemes at a rate of around one a week.
Emaar described the new Yasmin villas as " Arabesque-style" and said that they would comprise four, five and six bedrooms.
The move comes just a week after Emaar held Dubai and Abu Dhabi sales launches for 140 so called Rasha villas also at Arabian Ranches and two weeks after it launched off plan sales for its second serviced residence project under the Vida brand in Downtown Dubai. Earlier this month Emaar started making off plan sales on another 219 “Lila” villas at Arabian Ranches.
“The launch of our new Yasmin community in Arabian Ranches reflects the growing demand for premium villas in Dubai that are ideal for families,” said Arif Amiri, Emaar’s chief commercial officer.
The developer said that sales launches would take place at Emaar Pavilion, on Mohammed Bin Rashid Boulevard Dubai and Al Nahda Tower Abu Dhabi at 10am and at the Four Seasons Hotel in the Kingdom Centre in Riyadh, Saudi Arabia at 9am local time.
Last year Emaar announced plans to expand its flagship Arabian Ranches villa project on a plot of land which it bought from Dubai Properties Group in 2012 and was originally earmarked to be part of DPG’s massive Dubailand project.
The new villa projects will be linked to the original Arabian Ranches development via an extension to the Al Qudra Road.
The news comes as Jones Lang LaSalle published new research placing Dubai third in the world in its ranking of City Momentum Index behind San Francisco and London.
The index tracks the speed of change of a city’s economic base and commercial real estate market and takes into account real estate prices alongside a host of other key indicators such as GDP, population, air passengers, presence of corporate headquarters, education and the strength of its technology sector.
“The results of our CMI illustrate that Dubai is among an elite group of major internationalised cities that are becoming truly global markets,” said Craig Plumb, director of research for Jones Lang LaSalle’s Dubai office. “Dubai’s position in this list is due to its growth as a major global gateway that has fuelled rapid growth across a broad range of socio economic and real estate indicators.”
lbarnard@thenational.ae
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
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Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
Fujairah - Call 092051100 or 092224411
FIGHT CARD
Fights start from 6pm Friday, January 31
Catchweight 82kg
Piotr Kuberski (POL) v Ahmed Saeb (IRQ)
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Cornelia Holm (SWE) v Corinne Laframboise (CAN)
Welterweight
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Catchweight 80kg
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Elias Boudegzdame (ALG) v Austin Arnett (USA)
Super heavyweight
Roman Wehbe (LEB) v Maciej Sosnowski (POL)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
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Handicap (TB) Dh100,000 (T) 2,200m. Winner: Harbour Spirit, Adrie de Vries, Jaber Ramadhan.
