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NEIGHBORHOODS WITH A HIGH RETURN ON INVESTMENT IN DUBAI

Dubai is fast becoming an international tourism and trading center. Because of this and the fact that it is ranked quite high on the list of safest cities in the world, it is very popular with real estate investors. The average return on investment (ROI) on property in Dubai is in the high range of 5% and 8.4%, but certain areas in this cosmopolitan city have been consistently offering even higher returns to investors. The Dubai real estate market is presently in a robust shape, and there’s been a measureable uptick in real estate market activity in 2022 after a couple of tough years. With a noticeable buzz surrounding the Dubai real estate market yet again and favorable taxation policies, many investors have but one question on top of their mind: “Which are the most lucrative areas in Dubai to invest in?” With Dubai offering investors many options, and new locations popping up at regular intervals, identifying the best locations for investing in property can be a tad challenging. However, don’t worry because we have got you covered. In this article, we will introduce three of the most lucrative locations for real estate investing in Dubai. JUMEIRAH VILLAGE CIRCLE (JVC) Jumeirah Village Circle — commonly called JVC and situated alongside Al Khail Road — is an affordable, family-friendly, residential area in Dubai. It offers its residents a peaceful community while still being very close to some of the most popular hotspots in the city. JVC has more than 2,000 residential units, which include apartments, townhouses, and villas, as well as commercial buildings. Since its inception in 2005, JVC has emerged as one of the top areas for real estate investment in Dubai. Here are some of the main reasons to invest in this area. Family-friendly Community Thanks to its unique architecture and abundant facilities, JVC is a great community to live for families.  The area boasts of no fewer than 33 landscape marks and several recreational centers, play-areas, fitness centers, cycling tracks, and playing fields. On top of all this, JVC is close to several medical clinics, schools and kindergartens. Accessible Location JVC’s location is another reason for its huge popularity. Residents can quickly access it from various parts of the city via different roads, and some of the major destinations, such as Dubai airports, Business Bay, Palm Jumeirah, and Dubai Marina, are just a short drive away. Top-class Shopping Destinations With over 200 retail shops, supermarkets and 2 department stores, the Circle Mall is a one-stop shopping destination for the residents of JVC. It also features an awesome food court and a multi-screen cinema. DOWNTOWN DUBAI Downtown Dubai largely offers innovatively designed and spacious apartments to real estate buyers. Three main reasons why you can expect a handsome ROI from this region are as follows: It’s a cultural hotspot Besides the world-famous Burj Khalifa, Dubai Mall and Dubai Opera, Downtown Dubai has a very vibrant nightlife and is peppered with many awesome dining venues, bars, and nightclubs. It’s close proximity to Jumeirah Beach Another reason for Downtown Dubai’s immense popularity is its close proximity to Jumeirah Beach. Many great schools and hospitals are located within or nearby The Downtown area is very close to several good schools and nurseries, as well as two of the top hospitals in Dubai, Mediclinic Parkview Hospital and Emirates Hospital. MOHAMMAD BIN RASHID CITY (MBR CITY) Mohammad Bin Rashid City, commonly referred as MBR City, is a great place to invest in properties for several reasons. These include: Location MBR City is connected to the entire Dubai through roads, which is a huge convenience for residents. Moreover, MBR is situated quite close to Downtown Dubai making it the perfect choice for those who work in the central district. Shopping and Entertainment The Meydan One Mall is perhaps the most anticipated shopping mall in the UAE right now.  Home to Dubai’s largest indoor ski slope and more than 600 retail shops, including a hypermarket and 2 major department stores, it is a one-stop shopping destination scheduled to open towards the end of 2022. Since it is located within MBR City, residents will enjoy quick access to one of the most thrilling shopping destinations in Dubai. Appreciation Potential With unique residential properties and world-class shopping and entertainment options, MBR City is often touted as a city within a city. Given its immense popularity, as an investor you are likely to generate a handsome return on your investment. 

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Palm villa

Live in Dubai’s Apartment Or Villa?

Villas and apartments are both very popular options for residential properties in Dubai. Whether you are buying or renting, both options are available in different sizes, price ranges, styles, and locations. As such, residents may at times find it hard to decide which type of properties will suit them better. If you can’t decide between living in a villa or apartment in Dubai, this post is just for you. We have uncovered some of the main factors to consider so that you can easily and confidently make an informed decision. Price and Size For most people, price and size are among the most important factors while buying or renting a property. Generally speaking, apartments tend to have a lower entry price than villas in Dubai because villas usually offer a bigger internal space in addition to an external terrace or garden area. Of course, size directly impacts the price you end up paying. In other words, a 3-bedroom apartment is more expensive than a 2-bedroom apartment or studio in the same building. However, you may find a reasonably priced 3- bedroom villa 30 minutes away from the downtown that can actually cost you less than a two-bedroom apartment located in the center. So, it all depends on the location which we will talk about next. Location The other main factor to consider while deciding between a villa and apartment in Dubai is location. Some locations in Dubai offer a wide selection of sales and rental properties, but in many areas your choices are rather limited. For example, Downtown Dubai — one of the top neighborhoods located in the city and popular among buyers and renters for its central location — mainly offers apartments. A prospective resident is likely to find it difficult to get a villa in these parts. In contrast, suburban communities — like Dubailand — almost exclusively have beautiful townhouses and cozy villas. Maintenance costs It is important to understand the various maintenance costs involved in an apartment vs. a villa in Dubai. Generally speaking, villas are costlier to maintain than apartments for an obvious reason: A larger space and the lack of shared services (unlike an apartment located in a building). Lifestyle Which is a greater priority for you — convenience or privacy? If you said convenience, an apartment in Dubai is likely to suit you better. Because apartment towers in Dubai tend to be more centrally-located than villas, they are much closer to commercial hubs and leisure activities. But if you value privacy more than convenience, a villa is likely to work out better for you. In Dubai, villas are almost exclusively located in gated communities or residential areas a little away from the urban hubbub. Because these villas provide a quiet environment, they are perfect for families, especially ones with children. On the other hand, single professionals who want to live near the city center or couples looking for a property that’s a few minutes walk from malls or entertainment options might prefer the convenience of living in an apartment. Likewise, those who like having a private outdoor space or hate using the lift might prefer the privacy of a townhouse or villa. By contrast, social butterflies may like living in an apartment complex, where they can have more opportunities to chit-chat with the neighbors. Several trendy villa communities in Dubai — like Emirates Hills — also house nurseries and schools. Therefore, they are a great choice for families with kids. Budget-conscious buyers or renters, however, can consider living in apartments in popular integrated communities, like Jumeirah Village Circle or Mohammad Bin Rashid City, since they offer beautiful apartments and also feature schools and nurseries. Views For some buyers or renters this is not an important factor, but for some others the surrounding views is a big thing. Some high-luxury apartments offer unparalleled views, though they usually come with a steeper price tag. If you like to enjoy sweeping views of the Arabian Sea, you may consider a high-floor flat on Jumeirah or the Palm. On the other hand, those who prefer impressive Burj Khalifa or city skyline views are more likely to find apartments in Downtown Dubai to their liking. Many Dubai villas, in contrast, offer charming greeneries and lake views or golf course views. So, the choice between the two—villa and apartment—may also depend on your personal preference when it comes to the type of surrounding views. Amenities Last but not the least, you may also want to consider the facilities and amenities you will have access to. For instance, if you rely on Dubai Metro to commute to your office, an apartment might be a good choice. That’s because most villa communities are little farther away from Dubai Metro. On the other hand, apartment towers usually offer a shared pool and gym while villa communities offer more extensive facilities, like jogging tracks, tennis courts, community parks…etc.

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DUBAI-BASED ARTIST MADIHA’S PAINTING ‘INTO THE SHALLOWS’ GRACES THE MAIN LOBBY OF BELGRAVIA III

Is architecture an art form? Or is art infringing into architectural territory? The lines between them are often blurred yet somehow, they find beautifully entwined ways to enchant. At Ellington Properties we encourage this infinitely stretching conversation between art and space through Ellington Art Foundation. The initiative, now in its 8th year, has attracted an eclectic mix of artists and produced works of art that adorn our properties. The newest entrant in this ever-growing community of artists is the interior designer turned painter Madiha, gracing Belgravia III’s main lobby with her painting “Into the Shallows”. Madiha is from Pakistan and has been living and working in Dubai for the last seven years. The first step in her initiation into artistic space was as an interior designer, working with leading design organizations. During the Covid-19 lockdown she found herself gravitating towards painting – an antidote to the heaviness surrounding the world. In painting Madiha found her artistic passions renewed. It became her way of interacting with her surroundings and sharing the joy that it brought her with the world.   Her work is inspired by the art world, but she also experiments and explores the possibilities or her own imagination. Her artistic sensibilities are inhabited by the works of artists like Jean-Michel Basquiat and Vincent van Gogh. Despite the riot of artistic influences that permeate her mental space, she has developed her own process. Detailing her process, she said, “Whenever I start a painting, whether it’s a commission or for my ongoing series, I always take time to think it through before starting on actual canvas, from doing a lot of research to creating endless compositions and swatches either on sketchbook or digital, to make sure it’s aesthetically pleasing, well balanced and perfectly aligned. I believe when you’ve been associated with the design industry, obsession with forms and composition comes naturally.” ‘Into the Shallows’ is an attempt to condense the expanse of the ocean and its magnificence onto the canvas. Employing acrylic and metallic embellishments, she captures the movement and mood of the sea by layering and blending many tones and hues. With this artwork she heightens the drama of the ocean and then lays it on the canvas for the residents and visitors of Belgravia III. Since switching to painting she has collaborated with multiple designers and art consultancies within and outside the UAE, majoring on large-scale contemporary abstract art in various mediums. She is not just creating art but also enjoying the process of its creation. It motivates and inspires her to live life to the fullest.

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Harrington House

Five reasons to invest in a new property in Dubai

Growing at a faster rate than most other cosmopolitan cities, Dubai is replete with skyscrapers, idyllic spots, picturesque water views, and more. From the world’s largest artificial islands built in the shape of a date palm tree to the world’s tallest tower, Dubai has a lot that impresses anyone landing here for the first time. Looking to purchase property in Dubai? The real estate market here is as diverse as you can imagine and includes not only a standard commercial and residential inventory but also high-rise buildings, detached houses, and ultra-modern complexes. Plus, Dubai is ideally located between Asia, Africa and Europe, which is a big reason why experienced real estate investors from all over the world flock here. Here are top 5 reasons why investing in a new property in Dubai right now is a smart decision. Trustworthy, regulated real estate market The latest Global Real Estate Transparency Index from JLL ranks Dubai (along with Abu Dhabi) as the most transparent market in the entire MENA region. This index is regarded as key indicator of the health of the real estate market of any city. The government understands the importance of having transparent real estate policies, which is essential for attracting a lot of foreign investments. A case can be made for the new Open Data Law. It paves the way for the sharing of non-confidential data between non-government and government entities without any obstacles. What’s more, the Real Estate Regulatory Agency is also doing its bit to streamline processes. For instance, it has introduced several measures in the past few years to make Dubai’s real estate more regulated. Today, its real estate market is as well regulated as any other top international destination, like Singapore or Paris. Stable economy Dubai is no longer just an oil-dependent economy. Instead, the UAE has diversified its economy immensely in the last several years by developing other sectors like manufacturing and tourism. Dubai features many tourist attractions, like Palm Jumeirah and Burj Khalifa, and the ongoing 2020 Expo is expected to deliver a further boost to its travel and tourism industry.    Attractive Rental Yields Dubai, unlike many other cosmopolitan cities, offers a high ROI, which stands for return on investment. A key component of real estate returns is rental income. In contrast to capital appreciation, rental income matures immediately. Capital appreciation, on the other hand, is attainable only when you sell a property or release considerably home equity through a home loan. Dubai apartments achieved a 7% rental yield last year on average, despite the global slowdown due to the Covid-19 pandemic. Villas in Dubai, in contrast, registered a 5% ROI. In simple language, it means that if you buy a 2-bedroom unit for AED 1,000,000 and rent it, you will be able to recover the entire property value in 14 years only, even if the rental rate doesn’t grow further. Safety & High Living Standards Another reason to buy a new property in Dubai is its high standard of living. Dubai not only offers a modern lifestyle, but it also has a very low crime rate. As a matter of fact, the crime rate in the UAE is very close to zero, and consequently, it is considered as one of the safest countries in the globe. Different Types of Residential Units Dubai real estate has an impressive and diversified portfolio of residential properties. From ultra-modern apartments and studios in JVC or Downtown or beautiful townhouses and villas in Jumeirah, MBR City and Dubailand, Dubai has it all. No wonder then it is frequently referred to as the real estate capital of the Middle East. Where to buy a residential property in Dubai? Dubai is a prime real estate market offering all types of properties, including affordable and luxury assets. From an investment perspective, there are hundreds of suitable properties in Dubai. These include studios, apartments, villas, and townhouses.  If you are interested to invest in a high-yield apartment or a luxury townhouse in Dubai, then take some time out to check out all the available options on our website at www.ellingtonproperties.ae. Alternatively, you can also contact us anytime and we will be glad to assist you.

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jvc

8 Advantages of living in Jumeirah Village Circle

One of the most consistently favored locations in Dubai is Jumeirah Village Circle. Initially, the project was launched in 2005 and has since developed into one of Dubai’s most modern and popular communities. The rental market in Dubai is quite a complex landscape that hosts so many areas and multiple options. Regardless, JVC remains on top of the list of the best places to live in the UAE. This is due to a number of significant benefits, which we shall discuss further below. Location, Location, Location Jumeirah Village Circle is conveniently located near Dubai’s main attractions and transportation centers. As a result, JVC has become one of the most coveted neighborhoods in the city. Situated in the heart of Dubai, JVC is at most 15 minutes away from key malls and resorts. Those include the many hotels in Palm Jumeirah, the Dubai Marina and JBR clusters, as well as various golf clubs. Other popular destinations are Mall of the Emirates, Marina Mall, Ibn Battuta Mall, the Dubai World Central airport, the Jebel Ali Free Zone, and more. Easy Ride Within JVC, there are many roads that take you in and out of the community making car travel hassle-free. As for Public Transportation, the J01 bus operates every 20 minutes to and back from the Mall of the Emirates. Mall of the Emirates and Jumeirah Lakes Towers host the nearest metro stations. Finally, RTA taxis, Uber and Careem are popular cab options highly active in the area. Self-contained Area Jumeirah Village Circle is a self-sufficient community, providing residents with retail options, as well and restaurants and nurseries. Furthermore, the neighborhood has open areas, supermarkets, fitness facilities, and swimming pools all within walking distance. A house for Every Walk of Life Although JVC is more often considered for renting apartments, chances are you will find a similarly good selection of villas and townhouses in the community. For fuss-free rentals, and for a little more space and privacy, JVC’s townhouses and villas are a great option. Family-friendly Community Built for modern family-oriented living, Jumeirah Village Circle is away from the hustle and bustle of the city. The community stands out thanks to its characteristic architecture and host of facilities set in a sustainable community that caters to the entire family. It is an active neighborhood with a plethora of facilities that include inviting parks, playgrounds, recreational and fitness centers, playing fields, and bike paths. For residents, living close to teaching facilities, nurseries, and medical clinics is an advantage that many consider important. For some fresh air, JBR, Dubai Marina and Motor city are a short ride away and will complement your evenings out with family and friends. Nearby beaches are the perfect choice to make for a day with the kids. Affordable Rent Whether you’re looking for a one or two-bedroom apartment, a townhouse, or a more spacious villa, Jumeirah Village Circle remains relatively pocket-friendly and anyone looking to settle in JVC will easily adapt their budget. Fitness Haven Staying fit is easy at JVC, and this stands particularly true to golfers who enjoy their hobby at Address Montgomerie. Aside from golf courses, JVC was designed with numerous bike paths and plenty of sports centers. It also contains gyms with the vision of resonating with the lifestyle of fitness enthusiasts, helping them reach their body goals indoors as well as outdoors. Investment Hotspot According to Bayut.com, Jumeirah Village Circle has maintained its rank in third position among the most popular communities in Dubai. According to the UAE property market report published by Cavendish Maxwell, in 2020, JVC has recorded the third-highest residential sales for off-plan and ready apartments.

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Dubai Real Estate market shifts to virtual 360 tours

HOW DUBAI REAL ESTATE MARKET WAS AFFECTED BY COVID-19

In 2020, the Coronavirus pandemic had a clear impact on people’s life across the globe, physically, mentally and financially. It shifted the way we think and changed our daily routines and priorities. People who used to go out to eat at restaurants had to order in. Those who went to work five times a week had to adjust to remote working. The pandemic has changed us and the world economy significantly in all aspects, including the Dubai real estate market. Since the Dubai real estate market relies on international investors, the travel ban at the beginning affected the market negatively. However, as one of the leading real estate developers in Dubai, we had to show flexibility and proactiveness in how we conduct business. We went through a digital switch by making all the operations such booking, payments, registration and viewing, available online. Companies started adapting 3D viewing software that allows you to walk inside the space without having to physically be there. Integrated payment platforms were introduced, such us Network for Visa, Mastercard and UnionPay, and Bitcoin Suisse for cryptocurrencies such as Bitcoin and Ethereum. Implementation of easy-to-use forms for registration and file management systems for documents uploads and exchange. Brokers, clients and developers in Dubai are using a digital process through Zoom or Team. They are using them for meetings, virtual trainings and presentations, and more. With offices equipped with big screens, our property consultants are ready to join zoom meetings and use 360 virtual tours to assist clients anytime. Technology is allowing them to do things faster, with more efficiency and ease. Alongside the change in the digital process, customers’ tastes have also changed, needing living spaces that suit the “new normal”. We saw an increased demand for units that provide open spaces such as balconies, pools, gardens, clubhouses, courtyard and terraces. The need for fresh air and spaces to exercise were due to the promotion of a healthy lifestyle during the pandemic. With connection to outdoors, balconies have been a vital factor in selecting a one bedroom, two-bedroom apartment and even townhouses. This caused a realization that the community must become an extension of the residents living spaces. These changes positively impacted projects such as Belgravia 3 in Jumeirah Village Circle and Wilton Park Residences in Mohammed Bin Rashid City. Those projects are self-sufficient communities that offer residents everything they need within the community. With spaces such as gardens, terraces, balconies and yoga retreats, Belgravia 3 and Wilton Park Residences fulfill the demand for spaces that brings the outdoors, indoors. The pandemic has had a strong effect on the economy in Dubai during the lock-down. In such situations, it is important for people to have a passive income from investments such as real estate. A passive income means earnings obtained from rented property, limited partnership, or any other undertaking. It also means that a person does not partake in an active involvement in it. It is important because it creates a security net that provides stability and financial freedom. In 2020, Ellington Properties partnered with Smartcrowd to offer a shared investment in Eaton Place. The prices start as low as AED 5,000. This generates a good ROI without having to invest in a full apartment. Many investors are becoming share-owners of the same apartment, getting returns pro-rated to their investment share. There is no doubt that the pandemic has changed the world, and created a shift in Dubai’s real estate market. People adapted to this new normal, and so has the market. It provided residences such as the Belgravia Series, Wilton Park Residences and Wilton Terraces. Communities have become more family-oriented and self-sufficient, providing their residents with all the necessities.

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Entertain Yourself at Home

Many of Dubai homes have been coping well with the pandemic situation and making staying home a new routine even though it was a sudden choice for most families at the beginning. We realize that it has been a few months now and most of you might have run out of the activities you can do at home. Hence, we have come up with a few activities that will keep you occupied and entertained while you stay safe at your place and you will be shocked by the things that can keep you busy while being at home and not feeling the need or the want to leave the house unless it’s for an emergency. USE YOUR COMMUNITY AMENITIES The best properties in Dubai come equipped with the finest amenities and facilities that you can take advantage of such as the amenities we offer in our communities in Belgravia, Belgravia II, and Eaton Place: Improve social relationships: Get to know your neighbors while keeping 2-meters social distance and find common interests you have with them. Maintain good health: Use the gym in your building to enjoy a healthy life or use public areas to perform a work-out such as yoga. Refresh yourself: Swimming is a refreshing activity for summer, enjoy a little picnic by the pool with your family. HAVE YOU CONSIDERED THIS FOR YOUR WORKOUTS? If you are the type that prefers working out indoors, then you might consider below activities: Customize a schedule: Create a weekly schedule of workouts focusing on specific areas during the week to avoid getting bored. Get inspired: Look for workout references from influencers, YouTube videos, or health apps. Seek new options: Consider renting cycling and other equipment from gyms that are offering. Blend in: Register in group training sessions. Improve your skills: Involve yourself with new types of working out such as yoga, meditation, aerobics, or a type of dance. Create your own corner: Create a small working out corner to motivate yourself, such as placing weights, mats, and other equipment. SMALL OR A BIG PLACE, THEY BOTH NEED TO BY TIDIED! A sanitization routine: Make a sanitizing schedule for your home and specialize each day to disinfect a room. Declutter: It is a good time to get rid of the things you don’t need such as clothes, gadgets, or even kitchen tools and give them to charity. Small changes to your home: Rearrange some of your furniture items. Be creative: Use DIY ideas to rearrange your cabinets and drawers especially for your spices and cooking tools. WIDEN YOUR FOOD CULTURE Learn and apply: Watch cooking shows that can upgrade your cooking skills and cook meals for you or your family. New skills are calling: Get out of your comfort zone and experience cooking different cuisines or baking styles. EXTRA FUN ACTIVITIES Indoor Karaoke: You and your family can have fun and keep yourself busy by doing some karaoke at home, make sure to have it on video for some funny memories later. Learn a new language: This will be time-consuming and extremely beneficial as it will help you in your future and counts as a plus to you. Learn a new instrument: As you have time on your hands try learning a new instrument could come in handy when staying at home as it could keep you and your family entertained and busy. We hope you find these activities beneficial and different. Remember, staying home is safer for you and your loved ones.

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