Known to be one of the most fast growing cities in the world, Dubai has its share of tourists and visitors which is growing in number every year. The economic growth has been phenomenal here, owing to which many international hotels have set up branches here. A city which is a good blend of modernity and history has within its boundaries a multitude of star hotels. Infact the international airport is said to be among the busiest with an inflow of people for both pleasure and business purposes. It is connected to the rest of the world in all ways and has become a hub of sorts for people looking for a new location for their business. The Dubai hotels are all spread across the city each offering a view of the entire city and service that encompasses its counterparts in other parts of the world. Based on the budget and preference, the hotels can be chosen. The Dubai shopping festival that happens towards the second half of every year
Dubai business sector is divided into two parts, the Bur Dubai and the Diera; even though they are at two ends, they are connected by numerous bridges. For tourists, the options to stay in one of the leading Dubai hotels are many ranging from the ones alongside the beach to the interior of the city. No matter which part of the city you are in, you will be in awe of its rich historical buildings, and architecture designs. The tourists get a glimpse of how Dubai was and how it has transformed over the years. All the hotels here are tall, reaching for the skies and filled with life like nowhere else. Also the courteous staff, the 24 hour concierge service teamed with high quality security systems make these hotels sought after by people of all classes. If you are looking for hotels along the beach, then there are some available which are two bedroom and some of larger sizes.
Some of the renowned hotels being the Courtyard by Marriott, Hilton Abu Dhabi, the Ritz Carlton, and of course the world famous Burj Al Arab hotel which has caused quite an uproar and has been named to be the tallest hotel in the world. The Dubai hotels all offer the visitors a taste of luxury at affordable prices teamed with sights and shopping in a city known for its glitz and glamour.
Dubai is the largest of the seven United Arab Emirates, among Abu Dhabi, Ras Al Khaimah, Fujairah, Sharjah, Ajman and Umm Al Quwain. Dubai has become a magnificent tourist hub over the past few years. It is located only few hours flight from UK. There are many travel agents in UK offering cheap flights to Dubai from London with discounted rates. The mounting list of things to do and attractions in Dubai take account of an exciting nightlife, water sports, golf, desert safaris, shopping, sightseeing, sunbathing, and fantastic dining experiences.
Shopping In Dubai
Dubai fairly ought to have its title as the “Shopping Capital of the Middle East”. An open port with low import duties and no taxation, the city present the good deal seeker invincible value. Major brand-name goods are effortlessly available and are much less pricey in Dubai than their source country.
Beach Attraction of Dubai
Dubai has beautiful, unspoiled, white sand beaches with Arabian sunshine and the warm turquoise waters of the Arabian Gulf to calm and please your sanity. Dubai’s foremost beaches run beside Jumeira Road.
Historical Attractions of Dubai
The main historical attractions in Dubai are: – Dubai Creek, Hatta, Sheikh Saeed House, Dubai Museum in Al Fahidi Fort, Heritage and Diving Villages, Bastakiya, Al Ahmadiya School, Bait Al Wakeel, Bin Muzaina House, Burj Nahar, Majlis Ghorfat Um-Al Sheif.
As one of the fastest rising tourist destinations in the world, Dubai holidays and flights to Dubai are becoming intensely competitive among travel agents. Amongst the widely available flights to Dubai from London Heathrow airport, http://etihadairways.myavacations.co.uk, the UK based appointed travel agent of Etihad Airways is offering cheap flights to Dubai with an additional discount of £10 per person.
Providing Dubai with an adequate amount of living and working space has always remained to be one of the prime concerns for its planners. But, with very little possibility being left out for growing horizontally, the developers have had no other choice but to go looking forward to achieving some vertical enhancements. This means building up more and more number of towers in the areas already being dug up and under construction. Providing more accommodation in the form of Dubai Marina was the next move they could have thought of, and what a brilliant idea it has proved to be until now. There is no better way than to start building houses on the seabed anyway, to meet up with the man’s growing desire for accommodation.
The marina, called initially Westside, looks set to become one of the main tourism attractions for the travellers in the years to follow. Dubai hotels have also started moving in with their assets having got the wind of its rising value. Notwithstanding the current record for being the biggest man-made marina in the name of Marina Del Rey in Los Angeles, Dubai’s Marina promises to become a more exciting prospect for the trade and commerce and the travellers on its completion.
Having started taking shape since the year 1998, the plans remain no more a secret for the outside world by today. It will be providing with an extra amount of 53 million square feet for Dubai’s needs by the time it fully gets running. The project involves carving out of 2 miles of Dubai’s shoreline for making various constructions, including featuring canals just like in Venice. With the aims like building up high-end villas and apartments for about 120,000 people, the Dubai Marina development looks set to become one of the best in man’s history until today.
The first phase of the Dubai Marina development, comprising of 25 acres, lasted from the year 1999 to 2003 and cost $200 million in amounts. Six freehold waterfront apartment towers and 64 villas, all having rooftop gardens were constructed during this initial development. Since the foreign nationals were allowed to own these villas and apartments, it was a great opportunity for all those who had a desire for owning houses in Dubai. The very thought of marina living is such an exciting prospect, specially for those with a high-end purchasing power, that these properties have been selling like hot cakes. The development of phase one also included the construction of parking space for 2000 cars, sports facilities, 6 swimming pools, themed restaurants, a prayer hall, and a space for retail outlets. All of this was planned and constructed just to see through the initial phase.
The entire zone of Dubai Marina is also called as the Heart of New Dubai because of its strategic location within the fast growing areas of the city. The intention behind its development was to create a small-scale city within Dubai with an enviable infrastructure. It is precisely situated on Interchange 5, between Jebel Ali Port and Dubai Internet City, Dubai Media City, and the American University, thus providing the perfect location for getting on with Dubai’s life.
This man-made marina is being developed by the real estate giant of UAE, Emaar Properties, and will have 200 buildings, including skyscrapers, Marina Torch, Dubai Marina Towers, Number One Dubai, Princess Tower, Infinity Tower, Marina Terrace, Horizon Tower, and Le Reve, besides providing a strategic access to many hotel owners.
An ambitious project within Dubai Marina will be Marina 101, which is expected to measure up to 412 meters in height on its completion. It will provide 1.5 million square feet of living and working space to the occupiers of its 101 planned floors. This building is part of Sheffield Real Estate, a global real estate giant, widely known for their freehold property developments. The amount of space to be generated by this building will be unparalleled anywhere in or outside Dubai. Additionally, the very outlook of Marina 101 is going to be fabulous, with the outer layer being constructed of glass and the summit to be made to look like as a glowing crown. The tower is expected to be available by the year 2010.
There is no argument about the excitement Dubai Marina holds and the commerce it might generate. What remains to be seen however, is how long will it remain the prime location of UAE, since Dubai is well known for dishing out similar landmarks on a regular interval.
Dubai’s unprecedented rise in the world of trade and commerce and tourism is largely due to the hardworking expatriate community living there. Up to eighty percent of the city’s population is estimated to be made up by the Europeans, Indians, Pakistanis, Sri Lankans, East Asians and people from many other regions of the whole world. They have been the main cause why Dubai has had unparalleled growth in the world of commerce for the last several decades. This presence of outsiders however, often leads to many social issues taking place and the matter being fiercely debated across various social strata. Among these comes the issue of Dubai’s bachelors who are always over the barrel and under a constant demand for being segregated from the rest of the community. However, not only does it require a herculean effort for accomplishing any such segregation, but it also calls for the basic human rights of the singles being taken into due consideration by the authorities.
As the world knows by now, Dubai is one of the most sought after destinations for the job seekers around its neighbourhood. Many recruiters go as far as the Indian subcontinent and the Far Eastern countries for making fresh recruitment. This involves well paid positions for those who might be ready to spend from six months to several years on instant assignments. Obviously, a large number of these rookies have to travel all alone for attaining livelihoods. They are given accommodation at places that are either outdated or are yet to fully develop. A majority of the adjoining localities may find all such occupations intruding.
Complaints of harassment by the single population have been made from time to time and the issue raised at several fora, so much so that the administration was forced to intervene on many occasions. It’s no secret that despite Dubai’s modern outlook, its Islamic background plays a crucial role in many spheres. There are no orthodox codes for the behaviour of men and women, but the conservatism still looms over large. Nobody likes in this world anyway, their womenfolks being stared and commented upon by the singles next door. Singles on their own part, living away from their homes for months and years, may sometimes fail to understand this basic ingredient of living peacefully, and therefore end up being a headache for their hosts.
Dubai’s administration has made all its efforts to keep bachelor housing as much segregated as possible. However, the issues still refuses to die down amicably. Dubai’s government has recently announced that all bachelors will be segregated from the rest of Emirate’s community, and given separate housing. This may take up to two years to fully accomplish. A recent estimate suggests, out of the total 1,321,453 Dubai’s citizenry, 74.86 per cent or 989,305 fall in the male category, and 25.14 per cent or 332,148 in the female one. This increase of the male population could directly be attributed to the booming construction and economic activities in the Emirate, which requires calling for a significant outside workforce, comprising mainly of the bachelors.
Only time will suggest how successful Dubai’s administration proves out in tackling the singles versus non-singles conundrum. It’s going to be hard time ahead for the bachelors on their own part, as they will have to move out of their present housing areas to the newly built ones. Bachelors are somewhat stranded in Dubai’s environs today, waiting for their fate to be decided by the latest administrative moves.
While Dubai may have grown amazingly in the last few years, some of its gray areas still remain unresolved. For example, its roads speak of congestion and indiscipline, which remain critical despite of so many measures being undertaken by the government. Similarly, the issue of poor working conditions and scarce accommodation for laborers can also be mentioned here. The lack of accommodation for the bachelors is yet another area that we can speak about. Surprisingly, the city, which boasts about its dreams and landmarks, does not have enough space to shelter those very same who made those dreams and landmarks a reality. So many Dubai apartments, furnished villas and Dubai hotel apartments to speak of, yet no permanent respite from not having even a decent place to spend nights at.
First of all, most bachelors in the Islamic UAE are regarded as a taboo. They are seen as intruders and spoilsports, and are prevented from mixing up with females. Some governments, including the one in Dubai, plan to further tighten the noose by making legislations in this regard. A new draft law in Abu Dhabi proposes to heftily fine those, who might partially rent their properties to bachelors. This may further worsen the situation, unless of course, the government had more housing plans ready with them. Since, Dubai apartments are short in supply and the rents very high, bachelors had no other option but to share space with landlords. It may not be possible to share properties in the future, however. Many Dubai realtors renting furnished villas and Dubai hotel apartments may also suffer, if an Abu Dhabi like legislation was to be enacted ever.
An obvious solution to this issue can be found by creating more apartments that were meant only for accommodating bachelors. The government in the UAE has already taken several steps in this regard. However, the singles are not too hopeful about their possible outcome. Right now, many singles daily travel up to three hours to make it into Dubai from their homes elsewhere. The traffic congestion only makes this task more herculean. Realtors making Dubai apartments, hotels, villas and Dubai hotel apartments are not concerned about accommodating bachelors. They mainly deal in high-end shopping malls, lavish hotels, apartments and commercial establishments. This obviously leaves the singles of Dubai stranded between the ethics and the market forces.
From a bachelor’s view point, the administration and ethnic Arabs need to be more lenient towards the whole issue. While it may be necessary to respect the local way of life, the issue should not be taken to extreme levels. There is a large expatriate segment living in Dubai right now. They come from all over the world and play a key role in the emirate’s growth. Hoards of city’s landmarks, hotels, Dubai apartments, villas and Dubai hotel apartments story-tell how the two, ethnic Arabs and expatriates, have grown into a modern-day folklore. To strengthen this tie-up even more, both sides will require listening to each other, and resolve the issue carefully. Dubai’s cosmopolitan society needs opening up more and not be an orthodox one like many other countries in the area.
Dubai is one of the finest cities not only in the middle eastern region, but also throughout the globe. What makes it more special among the known urban centers of the world however, is the sandy surroundings it has been built upon. It shows on one hand the ability of the city planners to have got such an architectural marvel built in the middle of the desert, and on the other it lends a chance for some major outdoor activities around for the fun seeking enthusiasts. There are several locations around Dubai that one could choose to embark on with their desert safaris and have plenty of leisurely time ahead in the rustic Arabian countryside.
These safaris normally take place at a time the sun just starts lowering down on the western horizon and the sand dunes begin displaying larger shadows. The excitement of traveling straightway down from Dubai into a vast deserted land can be immeasurable in these circumstances. One normally encounters scattered villages and well-bred camels straying across on earth while being on these expeditions. The purple Arabian skies provide a very fitting backdrop for camping out in the desert as the evening finally sets in. Dubai is appreciated not only for its trade and commerce but also for the tourism activities it presents these days, and desert safaris may without doubt be stated as one of the key areas where these activities generally lay around at.
There are several available options for the tourists to get their safaris selected from. Generally all major hotels and resorts will get such trips organized when asked for by their clients. Guides are provided with all traveling parties for the duration beginning from the late afternoon start of any journey to the same night return later. Travelers should keep aware about the kind of topsy-turvy ride they might be about to undertake, as miles of sand dunes will be lying ahead in the path to be taken care of. Any lack of carefulness on part of the driver may cause the jeep to be overturned or get stuck inside the sand. Somehow, the fun and excitement of traveling like a gypsy will make out these stressful parts insignificant.
Once deep inside the desert, one may witness camels ferrying tourists across from one souk to another. It’s not only entertaining but challenging as well to be placed at the top of mounting and dismounting camel backs. The long-necked mammals on their part are well bred and nicely taken care of by their masters, and would start acting somewhat like puppies whenever pampered by someone. Just scratch behind any camel’s ears and it would start flattening its necks as if asking for more of the same massage.
The late evening outings normally include visiting souks in the desert and having Arabian dinner along with some entertaining folk dance and music shows on. Liquor drinks may cost between $7.00 – 10.00 and beers in the range of $5.00 – 7.00. You will enjoy watching stars at night provided Dubai is not very near the place where you have landed for your outing. The return journey takes place soon after all you camp fire itineraries, including having dinner and spending time around in shops, have ended to the best of your fulfilment. You will be back to your hotel just before the midnight and get on with your usual Dubai holiday making.
One should look at Dubai’s fast growing skyline, to have a measure of its economic growth. The number of new construction plans being announced on a regular basis, by the city’s developers, is amazing. Several Dubai hotels and retail chains could be enlisted in these developments. Those dealing in Dubai apartments are also found playing active roles. Despite the supply of residential properties looking healthier than ever before, only 175,000 new apartments might be built by the year 2010, as against the demand for roughly 181,000 units. Roughly about 75% of all new developments in Dubai are expected to fall under the property segment, totaling around $230 billion over the next decade.
Dubai has started organizing an International Property Show in the recent times to help grow its own real estate smoothly. The latest edition of this show was held from April 3rd to 4th this year. Exhibitors from several European countries like Germany, France, UK and Spain made their presence felt. Several other players from India, China, Malaysia, Bahrain and Turkey also took part in the same event alongside. The three day long annual show is regarded by many as the most sought after in the Middle East. A 35% increase in the level of participation was recorded this year. The next year’s property event is slated to be held in February 2008.
This annual show features many advanced projects from across the globe involving leisure, commercial and residential properties. Deals outlining newer Dubai hotels and Dubai apartments are often sealed during the three-day annual event. Dubai’s hotel industry is already under pressure while trying to pace along its own tourism sector. Developers would surely like to explore possibilities for making newer world-class hotels in the years to follow.
The main purpose behind this show is to bring together city planners, property developers, financiers, real estate agents, consultants and designers under one roof. This year’s show was held during the International Property Week, thus allowing the visitors and participants to take part in a series of industry-specific workshops, conferences and seminars. New property laws were recently announced in the UAE allowing a major boost in the area of real estate. A basic platform for bringing together all property developers was urgently sought in this scenario. The International Property Show of Dubai has fulfilled the same emerging demand.
International companies succeeded in making a combined sale of $170 million in this year’s show. A leading American real estate firm, named The Corcoran Group, alone made deals worth about $130 million. Its ocean liner named ‘The Orphalese’, launched during the three day event, generated many business queries. Notwithstanding the significance Dubai hotels and Dubai apartments might carry in this part of the world, ideas like ‘The Orphalese’ do also have a great future ahead. The liner is the largest to be built ever in its own class, roughly twice in size compared to the nearest model. It offers 200 permanent and 265 temporary units for stay. It also carries state-of-the-art business, leisure, medical and other necessary amenities on board.
Dubai’s Palm Islands are the world’s largest man-made island clusters. Sometimes they are also called the eight wonder of the world. These are located at three different places across Dubai’s coast, namely Jumeirah, Jebel Ali and Deira. These islands, which are also known as The Palm Dubai or Dubai Palm are layered with rocks and sand upon a ten meter deep seabed. Sand meant for laying down these sites is obtained by dredging in the nearby sea. The Belgian dredging firm Jan De Nul and its Dutch counterpart Van Oord have been supervising the whole operation. Work is in an advanced stage in Jumeirah and Jebel Ali while it has also picked up in the Deira section.
Dredging ships propel sand over an area, which is decided by the coordinates of Differential Global Positioning System (DGPS). This process is called rain-bowing; the name is indicative of the arc which is created due to the falling sand here. Each Dubai Palm has a breakwater constructed at its periphery, which provides it a separation from the murky seawaters. These breakwaters are constructed by laying down several layers of rocks over the seabed by sea vessels. These vessels are called pontoons and the split-hopper barges. The Jumeirah Palm alone required a staggering 7 million tons of rocks to construct its breakwater.
Each of these Dubai Palm Islands is designed to depict a date palm tree, with a trunk, a crown and several fronds. The crescent islands at the periphery are assigned to play the role of breakwaters. The construction of the Palm Jebel Ali was started by Jan De Nul in 2002 and completed by the year-end of 2006. It required a 4 km long peninsula to be built, surrounded by a 200m wide and a 17 km long breakwater. This asked for reclaiming roughly 135,000,000 m³ of rock, sand and limestone. About 5,000,000 m³ of rocks were needed for strengthening the slope.
Dubai Palm islands, which are bound to increase Dubai’s costal length by an additional 520 km, will host water theme parks, luxury hotels, shopping malls, freehold villas, furnished beach apartments, health spas and similar other facilities. It was always Sheikh Maktoum’s dream to see Dubai grow in free trade and tourism, and that’s how these islands were conceived. The UAE property developer, Nakheel Properties, is supervising this whole work.
The Palm Jumeirah, which is 5 kilometers by 5 kilometers in size, will have a crown with 17 fronds, and a surrounding 11 kilometer-long breakwater. It will create 4,000 new homes over the period of next 3 to 4 years and add 78 kilometers to Dubai’s shoreline. In fact, the residents began moving into their Palm Jumeirah homes by the year-end 2006, five years after the dredging in the area had begun taking place.
The Palm Jebel Ali, which is expected to be the home of 1.7 million people by the year 2020, will be completed by the year 2008. It will be much larger in size compared to the Palm Jumeirah, however, the tag of largest one will go to the Palm Deira, which is expected to be completed by the year 2015. Due to its mammoth size, the construction of Palm Deira is expected to take place in several phases. Dubai’s tourism sector will heavily rely on these Dubai Palm Islands for its revenue, once they fully got completed.
Dubai’s skyline has grown in the recent years by an amount, which took over a century for the developed nations to achieve in their own backyard. In Dubai’s case, it was the oil exploration at first, and then the commerce of free trade zones, which made it be counted at par with the developed nations. The desire to see its tourism sector flourish and the gains of a thriving economy, were the two major reasons why Dubai’s skyline grew so frantically in the last two decades. In the course of events, the city also became the new residing place for world class hotels. Gone were the heydays of Sydney, London, New York and Tokyo. Dubai hotels were also standing at par, shoulder-to-shoulder, eyeball-to-eyeball with them. Today’s Dubai offers several dozen of world class hotels to make your stay comfortable. Apart from Dubai hotels (United Arab Emirates) one can choose from many other options, like furnished villas and beach side apartments, to make one’s stay at ease.
Let us examine the following data to learn more about Dubai hotels. Until the early 90s, they were not to be found in so many numbers out there. By the start of 2000 however, this ground reality had dramatically transformed. One s gets awed by looking at their numbers these days. This author counted on just one site and found more than three dozen entries for the five-star facility alone. The count for the four, three and two star hotels will be even more awesome, one reckons. There were a total of 414 hotels in Dubai in the year 2006. They were the mainstay for accommodating the 6.5 million visitors who visited the city that year. The revenues earned by these hotels stood at Dh10.8b in the same period. This however grew by 15.74 percent to be at Dh12.5b in the year 2007. This also discloses the stress on Dubai hotels (United Arab Emirates), furnished villas and Dubai hotel apartments in their attempts to cope with the level of demand they face from the industry.
This is why Dubai’s government has nodded to too many new plans that promised to construct newer furnished villas, furnished apartments and Dubai hotels (United Arab Emirates) on its territory. The total number of rooms stood at 40,862 in all these segments, in the year 2006. This will have to be further raised by a handsome margin to meet with the set official target of receiving 15 million visitors by the year 2010. Two key events, one of which was recently held, and the other still on, are expected to help Dubai in meeting out with its 2010 target. The first was Dubai’s 1st Tourism Development Projects and Investment Market (TDIM) exhibition, which was to be held from January 20-22, 2008. Major real estate companies from all over the world were expected to showcase projects worth over $190 billion. The idea behind it was to get various components of Dubai’s urban growth together, namely real estate firms, private companies, investors and government bodies, and frame out the future course of action.
The other event, which is taking place across Dubai right now, is the 13th Dubai Shopping Festival (DSF). This will coincide with many recreational programs at places like shopping malls, Dubai hotels and elsewhere, apart from the shopping mania that the festival was all about. The show to be held from January 24 to February 24 (2008), is expected to attract 3.5 million visitors from all over the globe.
…following my last week article “Tips for tenants”, in this issue I would like to cover some interesting guidelines for those Dubai landlords adventuring into the Short-Term Rental business.
It is a very common and old practice, especially in the Italian, Spanish or French Riviera to rent out a personal property as a holiday-home to tourists. The short-term rental business has proven pretty successful in those countries with strong tourism affluence and since Dubai is working on becoming an international holiday destination, it is interesting to consider this investment opportunity.
By renting out a property on short-term basis a landlord has the chance to use the property for his/her own personal use, generate a high return of investment by letting it out to holidaymakers and at the same time benefit from the property value appreciation.
The short-term rental concept could be applied anywhere in the world but the real key to its success lays in its implementation within the local market in fact any successful business idea can be brought to Dubai and prove a complete disaster, the concept by itself is nothing new and certainly not invented in Dubai so the actual heart of the business is not much in the idea as it is in its execution.
Having the idea and the product (the property) is just about 10% of the business, what really matters is the marketing which I would value at 70% and the actual daily running which could be valued at 20%
Setting up an apartment for the short-term rental requires experience, interior designing skills, attention to details and plenty of time and resources to follow up the actual furnishing process, utilities connections, daily running and marketing.
Some details are extremely important and if overlooked, will compromise the stay of your guests hence it is essential to set up the property with the guests’ needs in mind rather than following a questionable personal taste.
One detail that is consistently overlooked is the actual efficiency of the bedrooms’ curtains, which in the majority of the cases don’t block the windows’ light properly, this is usually due to lack of experience or to “good bargain” ready-made curtains resulting in a horrible 6 am daily wake up call for your guests.
Another important aspect to acknowledge is the considerable investment to be made in purchasing the bathrooms face and body towels, it is in fact necessary to provide a high number of these so to allow a twice weekly replenishment and the same goes for bed sheets, quilt covers, pillow cases etc…
In most cases the “do it yourself” schemes work pretty well when you do have experience, knowledge and passion about what you are engaging with, other wise it will simply result in complete frustration to say the least.
Without considering the daily management issues and the inevitable guests complaints even the twice-weekly house keeping service is a far more demanding task then what it seems…
A reasonable solution to this, especially if you are handling more then one property, is to refer the entire marketing and management to a professional agent who for a fee (usually 20% of the rental) will take the weight off your shoulders with a smile.
In the current market a 5 stars marina-view one bedroom apartment in Dubai Marina Face 1 (where all the cafés and restaurants are) will rent for approx AED 95.000/- per year if unfurnished, the same property can fetch up to a AED 235.000/- a year if rented out furnished on short-term basis and after deducting the 20% agency commission plus about AED 40.000/- for the 5 stars furnishing and approx AED 8.000/- a year for the utility bills, this will live the owner with a net AED 142.000/- (on occupancy rate of 79%)
The numbers speak for themselves however is important to remember that where there is a good return there is also a certain risk and many will agree that the most delicate figure of the above calculation is the occupancy rate which cannot be guaranteed in any property short-term rental management contract.
Keeping the above consideration in mind, would you wish to engage an agent for your short-term rental requirements, it would be wise to commit for an initial trial period of maximum six months, this period shall allow you to gather enough details and should give you a good idea about the reliability and actual potential of the agent/marketer you are dealing with.
Would you rather get more hands-on with the business, you could opt for a non-exclusive marketing agreement, also available in the market and you will be able to market your property through other agent/marketers and potentially increase your exposure however this is not necessarily the optimum solution in fact many agents will give priority to the properties of those clients with whom they have contractually committed with.
It didn’t surprise observers, when Dubai announced its plan to make eco-friendly buildings. First of all, Dubai’s own roots were dug deep inside a vast barren land. Aided by the latest building science, they went on to erect a modern-day giant right in the midst of sand dunes. To have an eco-friendly approach was but a necessity for their growth oriented policies now. That is why many ongoing constructions involving Dubai hotels (United Arab Emirates), furnished apartments, villas and office blocks are being asked now to be eco-friendly. Dubai’s skyline has grown by an alarming rate in the last few years, which raises the possibility of a resource crunch taking place in the future. To cope with any such eventuality, one requires adopting eco-friendly methods for constructing newer shopping malls, villas, and Dubai hotels.
One may ask here what exactly are the eco-friendly or green buildings that we are speaking about. Do they have farming and gardening going inside them alongside with the usual way of living? This author paused for a moment to look around for the answer, and found this explanation. Buildings that were friendly to the eco system, including the humans residing inside them, were supposed to be called by the name ecologically-friendly or green buildings. In other words, they were to be made from the recycled, eco-friendly and locally supplied construction material. This ensures two key eco-aware measures. The first, the least amount of raw material and fuel consumption taking place while the building was being developed, and the second, the least amount of green house emissions taking place once it was handed over to buyers. Keeping in mind Dubai’s size and growth, it was but necessary to ask for eco-friendly Dubai hotels (United Arab Emirates), furnished apartments and villas to continue having a sustained growth.
In the case of non-eco buildings, the impact on environment is profound. For example, the buildings of the United States consume 25% of total water, 70% of total electricity, 49 % of total energy and discharge and about 38% of total CO2. Sustainable structures, in that sense, directly improve the public health and productivity on one hand, and reduce the environmental degradation and operating costs on the other. Practitioners of the green buildings, in some cases, even go beyond the main structure and try to incorporate the vicinity as well, into their original designs. Accordingly, most upcoming Dubai hotels, hotel apartments and furnished villas can be envisaged submerging into the landscape they were made to be part of.
Some popular misconceptions about the eco-friendly and non-eco-friendly buildings both, dog the real estate market world over. For example, the damage to environment by the non-eco-friendly buildings is often underestimated. On the other hand, the construction costs of the eco-friendly ones are overestimated by 300%. This tells why there are so few green buildings to be seen around in the whole world, in the present era. Dubai, the number one city in many areas, might as well prove out to be the leader in introducing the green concept in a major style. One will have to wait and watch to see the impact of such proposals on Dubai hotels (United Arab Emirates), furnished villas and similar other initiatives.
Dubai’s buyers can finally decide to have a sigh of relief, since they can buy now properties insured against any structural damages. The buyers used to be left in lurch until today whenever any structural damage came to light after the properties were handover. They couldn’t ask for any legal proceeding or compensation due to the lack of proper laws they had. But, the Real Estate Regulatory Authority (RERA) has finally decided to change this scenario, and introduced a new law which makes developers responsible for damages that might get noticed after the property had been handed over. The buyers will be free to approach the regulatory body whenever there seemed to be any breach of law taking place. Scores of Dubai apartments, furnished villas, hotels and Dubai hotel apartments will come under the purview of this new legislation.
Investors used to withdraw from projects earlier, citing the lack of insurance cover as a reason. Under the new law, however, the developer will be made answerable to courts for any sub-standard construction. For example, any serious wall cracks taking place within the first ten years of property handover, can amount to be a case for compensation. Additionally, any electrical, mechanical or plumbing related irregularities can also be challenged during the first year. Any irregularities in the construction of Dubai apartments, hotels, furnished villas or Dubai hotel apartments could not be challenged in the courts earlier, since there was no clear framework to do it.
In addition, this law adds more clarity about the issue of maintenance of buildings. Under the new directive, a Home Owner’s Association (HOA) will be established for each jointly owned property and asked to look after the common areas, such as gyms, swimming pools, parking spaces, entrances etc. They will have to play the role of watch-dogs and see that the buyer’s money was properly made use of. It is surprising that, only five percent of Dubai’s households carry home insurance coverage, which is too few in numbers compared to what we may get to see from the countries like the USA, the UK, Australia or Japan.
The formation of HOA is key ingredient of this whole exercise. It will be required to maintain and be the beneficiary of the insurance cover in each case, while the constituent members, each having the ownership of one unit, will have to pay up the premium. Dubai may be a late entrant into this exercise, but it is expected to pursue it seriously now, and the buyers and promoters should be getting used to it now. The city needed to have it anyway, with so many high-end Dubai apartments, hotels, furnished villas and Dubai hotel apartments dotting its skyline.
Although, insurance cover is a basic necessity for any real estate buyer, people of Dubai did not shown any keenness about it in the past, may be, since most of them happened to be short term buyers. However, the introduction of the new law by RERA will change this scenario fundamentally, one hopes, and the awareness about property insurance will grow further. Dubai is as much known for its successful commerce, as for its shining real estate, which comprises of lavish hotels, shopping malls, Dubai apartments, villas and Dubai hotel apartments. The new property law by RERA will add more value to its real estate.
Dubai, 12th July 2006 – One year after its successful inauguration in May 2005, the 2nd “Dubai International Vending Machines Exhibition” is again set to take place this year from 14-17 November in Dubai, the capital of the United Arab Emirates and certainly the Middle East’s most vibrant and rapidly expanding business hub. Organised and managed by its founders, the Dubai-based prestigious event management company “In Time Events LLC”, this exhibition is expected to attract more than 6,000 visitors during the course of this 4-day event, displaying a comprehensive portfolio of the latest in vending machines and its related products by more than 170 exhibiting importers, distributors and traders from around the world.
As an event unique of its kind in the Gulf region and the UAE in particular, this 2nd edition of the “Dubai International Vending Machines Exhibition” caters to the specific needs of the fast growing retail industry for Fast Moving Consumer Goods (FMCG), as well as to the open public and governmental institutions, among who also is the Dubai Municipality. The exhibition will be complemented by a choice of high profile industry leaders who will be sharing their thoughts on the industry with the audience by giving some in-depth background information on the businesses and competitive environment which they are affiliated with. The 2nd “Dubai International Vending Machines Exhibition” is the ideal platform for decision-makers and other business professionals, such as financial institutions, franchisers, industry consultants, associations and private sector representatives to meet, exchange ideas and create future relationships of sustainable mutual benefit.
On the same occasion, the “Dubai International Vending Machines Exhibition” will be accompanied by the “Dubai International Soft Drinks Exhibition”, which also is to take place during the period 14-17 November 2006 – Dubai Creek Park having such sophisticated and mutually enhancing exhibitions in place ensures a high degree of value added to each of these events.