Technology Park: Let’s Have A Look What It Would Be Like

Built on 21 million square meters of land area, Technology Park will house around 60,000 permanent residents and will going to engage over 133,000 people. They will operate as a hub which enables research participants to use the academic resources and research about the institutions, and international associations all over the world. Once completed the Technology Park could also be a best option for real estate investment in Dubai.

This tech-park is the member of Economic Zones World, working under one of the largest companies in the world, the Dubai World. The whole range of administration services and communication network and special economic zones, this park allows access to multiple benefits. At Techno Park, they focus on taking the lead in the research and development of updated technologies and have created the environment where the business remains the main element of the fields that can work together with professional academicians and researchers.

Technology Park in dubai

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A team of experts are associated with this prestigious network of science and technology organizations, as Techno Park will be an unmatched place to work. It is located to the west of Jafza in Dubai. They are the only technology park in the area situated between a world class seaport and an international airport. It takes you beyond the geographical boundaries.

Through the Road, there are seven entry points to the Park- 2 main points through Sheikh Zayed and Emirates Road and other five entry points are via 2 parallel roads to Techno Park which connects directly to local developments like Jafza South, Madinat Al Arab and Waterfront.

Through Railways, which is situated near 2 of the three coming soon Metro routes- Red line which runs through Sheikh Zayed, from Dubai to Abu Dhabi & Blue line which runs along Emirates Road from Dubai to Abu Dhabi.

Through waterways situated strategically, near Jebel Ali Port, is 8th largest container port and take advantage from universal sea connectivity.

Through Airways– Few minutes from Al Maktoum International Airport in Jebel Ali which is the world’s largest cargo and passenger airport & are unrivaled sea to air transshipment.

Amenities

  • The Landmark Building – the park’s most outstanding tower, which represents the renewable energy.
  • Boulevard – quite spacious, tree-lined, whose main access route connects the Campus Core to the Landmark Building.

real estate investment in Dubai

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  • Main Campus– home to technology-driven, particularly university campuses.
  • The R&D Core – a low-rise development with incubator access for technological creativity.

The Industrial Zone is the park’s manufacturing unit, deliberately placed on the north-western outer rim to reduce environmental affect and traffic disruption.

It’s a good time to find the best real estate properties in Technology Park. Visit Own A Space property portal to find the best properties.

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Categories: Real Estate

Largest Park in Dubai, Soon to be Ready this Year!

Dubai’s largest public park in Dubailand area is being constructed by Dubai Holding and Dubai Municipality. It will spread across expected 1,430,000 sq.mt, which is 3 times the Zabeel Park of Dubai. The development of the park is under the management of His Highness Sheikh Mohammed Bin Rashid Al Maktoum who is the vice president and Prime Minister of UAE as well as the Ruler of Dubai Holding and Dubai Municipality.

The goal of Sheikh Bin Rashid is to advance the city’s fitness levels, environmental awareness regarding issues and maintain Dubai’s rank as the leading happiest cities all over the world. The park will increase public space of Dubai by 17% on its completion.

Outdoor Facilities

 

Outdoor Facilities

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The abundant natural reserves and habitat will result in improved air quality due to preserved existing biodiversity. Around 15 thousand trees approximately were adopted and native species are going to be placed along with the natural trails all over the park. The park’s large area will feature outdoor facilities like far reaching pedestrian path, 20 km stretched jogging track, cycling tracks and scenery pathway.

This park is idle especially for families and for all age groups. Parents have the access over 55 playgrounds for their children. People Crazy for sports has 45 sports grounds location for playing sports & games. The open fields, parks and courts can cater to soccer, cricket, and tennis and basketball meet-ups. The park also highlights shopping outlets, five star gourmet restaurants, cafes and events spaces.

First Phase Construction

 

First Phase Construction

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The first phase of the park is expected to commence by the end of 2017. It will cover 318,000 sqm of area that would include a 4km jogging path, 2km bicycle track and a 7km pedestrian walking space. The public park also involves 10 sports grounds and 1 major events space. Impressive park highlights is going to include an on-site power generation, Wi-Fi connectivity all over the park, naturally constructed shaded areas and smart card for purchase of tickets and all. The remarkable features of the park and its popularity will directly increase the property value of various homes in Dubailand.

 

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Categories: Dubai, News

Cheap Rents Available For Tenants In Abu Dhabi

Already existing uncertainty, declining demand, and oversupply are a burden on Abu Dhabi’s residential real estate market. Because of this reasons, the sale prices of these residential spaces have tumbled in Abu Dhabi and has also declined in many districts thus making the UAE’S capital more cheap & affordable.

Abu Dhabi is the center of the oil industry of the country. This dominates the entire economy. The consistent downtrend in crude prices since 2014 resulted in large cuts in this sector’s investments and the consequences for the real estate sectors shows no sign of abating.

Cheap Rents Available For Tenants In Abu Dhabi-1

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The prices are expected to remain under pressure during next year because of no economic sentiment and due to the launch of many new residential projects compounded by less investor confidence. The slacked economic growth of the emirate is expected to have a detrimental effect on the governmental expenses which would result in a decline in property prices created by high vacancy rates because of job loss.

The apartment’s sale prices on an average have got down by 3% during the second quarter of the year. Al Reem Island experienced the great decline of 7%. The only property prices that were increased were of Al Ghadeer by 4%.

The average property sale prices went down by 4% in the second quarter with Khalifa City having the largest stoop of 10%. The above-mentioned ones witnessed the decline of only 2 %, whereas Al Raha gardens fell to 3%. The most expensive remain Saadiyat Island in the neighborhood irrespective of 5.2% decrease.

Lower Sharjah: A Boon for Tenants

Cheap Rents Available For Tenants In Abu Dhabi-2

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The story is same in the rental market. The apartment rents decreased by 3% with Al Raha Beach area displaying an extra 1% rise. The 2 bedroom apartments of Al Ghadeer showed a decline of 2%. Al Reem Island decreased by 2.5% and 3.5% respectively.

There was a slide of 2% in the average villa rents having the properties of Al Reef declining by 3.5%. Al Raha and Khalifa villa prices decreased and were more subdued at 0.5% and 1% respectively. According to an expert, they expect to watch the residents continue to downsize their accommodation and move to cheaper areas as companies cut on allowances on accommodations. When the government spending rises, the confidence returns as more public sector jobs are created.

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Categories: Abu Dhabi, Real Estate

Fall In The Rents Of Abu Dhabi In Second Quarter, Forecasted To Fall More…

During the second quarter this year, the rents of the apartments, villas, and offices fell and it can witness further drop, according to a new report. Reconfirming the earlier research done regarding the rents under stress for the rest of the year is because of the new supply increase.

In the second quarter, the apartment for rents in UAE went down by 4%, while the prime and high-end properties witnessed a 3% drop. The mid market properties faced a softening of 5%. Around 600 apartments were handed over and 2000 additional units are estimated to be finished in the coming 6 months which would result in further pressure on rates. This year will go to be challenging for the Dubai real estate industry.

The rents were declined in the second quarter and the trend is likely to persist for the remaining year. The leasing contractor said that the rents in Abu Dhabi we expected to decrease throughout 2017 because the companies were cutting costs. Many expatriates have left and because of this, the rents decline.

Fall In The Rents Of Abu Dhabi In Second Quarter, Forecasted To Fall More-image1

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High-end apartments, according to Asteco in Central Abu Dhabi recorded 4% decline and of Corniche-2% and Khalidya and Bateen-2% respectively. For lower end properties, the rental decline in the similar locations was subdued relatively at 2%.

Though the sales of the apartments were relaxed by 4% quarter by quarter and 8% year by year, the sales activity was marginally improved after the developers offered more competitive pricing to the customers.

The office rents got down by 9% in the second quarter of the previous year with certain units discounted reportedly up to 15% below the rates prevailing in the market. However the demand is still strong for the smaller units, they are being offered with incentives to retain the tenants in order to negate the lack of new take up.

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Categories: Abu Dhabi, Real Estate

Emirates Hills Villas Bringing in Dh 90M

Huge property deals have started to become a trend in Dubai now, the city which is the most sought after for the place of residences around the world. The transaction record form this year’s April and may give away the indication. Dubai has witnessed many super luxury villas and apartment transactions worth of 25,812 sqft villa in emirates hills which brought in Dh 90 million in the May.

The villas of Emirates Hills are the first choice for the extreme rich. Palm Jumeirah was shut with a 7,762 sqft selling for Dh 84.2 million in April, as per Luxhabitat, a real estate agency. For the apartments group, costly transactions were recorded in second quarter of Dubai Marina, Palm Jumeirah and Culture Village. The most expensive one was sold for Dubai Marina property of 14,349 sqft for Dh 30 million.

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High end real estate agency, Luxhabitat done an analysis aimed at marketing, designing and selling the properties of high end real estate in the area which said that the secondary residential market witnessed an upturn in the second quarter this year because of amount of transactions by 4% as compared to previous quarter.

According to the report, the prime residential space is built of properties which lie on high end Dubai market spectrum. The 12 core areas which consists of this categorization are Al Barari, Arabian Ranches, Dubai marina, downtown Dubai, Emirates Hills, Dubai Marina, The Lakes, Springs and Meadows, Jumeirah Golf Estates, Jumeirah Beach Residence, Jumeirah Islands, Jumeirah Lakes Towers & Victory Heights.

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There has been deflating of price evolution. Concerned with the second quarter, the prices and area of prime residential went Dh1482 sqft, said the MD of Luxhabitat. The prices are at same level as last quarter of the year before. Last year, at the third quarter, an upward trend was seen and since then the prices are rising on a constant basis.

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The number of transactions in the second quarter was Dh3.6 billion. There was a rise in interest for purchasing villas in the prime areas. There was a 7% rise in the transactions volume for each villa since last quarter. Around 62% of the total transactions in the second quarter were for apartments with Palm Jumeirah leading with Dh771 million, followed by Dubai Marina & Downtown Dubai (Dh667 million and Dh340 million resp.). The second quarter results are delighting and clearly reflect the positivity right now and the confidence in the market.

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