Ellington Properties Dubai Blog Archives - Page 4 of 8

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.

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.

How different is the Omicron compared to the Delta Covid-19 strain and will it affect the UAE real estate market?

With Omicron cases increasing sharply, many people are wondering how it is different from the Delta strain. If you are in UAE, you may be also wondering how the Omicron variant will affect the real estate market. This post aims to answer both questions. So, keep on reading. How is Omicron different from the Delta Strain? The World Health Organization (WHO) has declared Omicron and Delta as ‘variants of concerns.’ But many experts point out there are notable differences. Omicron might be less likely to lead to loss of taste and smell Loss of smell and taste were common signs of the Delta variant. However, these symptoms are not so prevalent in patients with Omicron. According to a recent study published by the US government, 48% of patients infected with the Delta variant suffered a loss of smell and taste. In contrast, another study done in Norway reported that only 12% of Omicron patients suffered a loss of smell and 23% of them reported a loss of taste. As to why this difference exists, there’s no clear-cut answer. Some say the difference is because of the nature of Omicron, while others believe this might be due to other factors such as the vaccination status. Omicron is less likely to cause breathlessness Delta variants caused breathlessness in a large number of people, even those who were vaccinated. Omicron, however, is not likely to have a similar effect and many doctors and scientists around the world hold this view. They reason since Omicron multiplies in the throat — not in the respiratory system as Delta does — it might not cause breathlessness. According to another recent study, Omicron is unable to hold onto a key protein in the lung’s surface, and, because of this, it doesn’t infect the lung cells as severely as Delta. Consequently, it is not surprising that there is a growing consensus among experts that the new variant’s effect on the lungs is likely to be minimal. This is great news for all of us. Because it means, unlike the Delta variants, in which a large percentage of the patients developed pneumonia and needed hospitalization, Omicron is likely to lead to fewer hospitalizations. A Danish study backs this theory. It reported that the risk of hospitalization from Omicron is half of that of Delta. This, while heartening, doesn’t mean we should let our guard down. Omicron is highly transmittable and hence each one of us should be on the top of their game when it comes to abiding by the latest Covid-19 prevention guidelines. Omicron might cause gastrointestinal issues and nausea more often Omicron can infect some cells in a person’s gastrointestinal tract. That’s why Omicron-infected patients may frequently experience gastrointestinal issues and nausea. The Delta variant, by contrast, generally doesn’t trigger such symptoms. The incubation period of Omicron is shorter Compared to Delta, Omicron has a shorter incubation period. After being exposed to it, a person can develop symptoms, test positive, and become contagious in just 3 days. The Delta variant, on the other hand, has a 4 to 6-day window period, as did other previous variants. The shorter incubation period of Omicron is one of the reasons behind its rapid spread. Omicron is more contagious than Delta According to research by French scientists, the Omicron variant might be 105% more transmissible than Delta. Compared with the latter, it is understood to be far more effective at circumventing vaccinated people’s immunity. Will Omicron impact the UAE real estate market? Will Omicron spoil the part for UAE’s real estate sector? This is the question many have on top of their mind. The UAE real estate sector bounced back nicely in the last several months, but some are worried that this uptrend might get derailed. Fortunately, that’s not going to happen. Here are the main reasons why Omicron is not going to negatively affect the UAE’s real estate sector: The majority of the adult population in UAE is fully vaccinated Data suggests Omicron is far less dangerous than the Delta strain The government is not likely to impose new restrictions and the chances of a lockdown are very low There’s no indication that there is going to be any sort of ban on international passenger flights The UAE has managed the Covid-19 pandemic very well so far The UAE has a robust health care system All the same, it’s important that we continue to follow the latest Covid-19 guidelines. These include, getting vaccinated, wearing a mask, maintaining social distancing, coughing and sneezing safely, and washing our hands regularly.

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.

Cryptocurrency payments for Dubai real estate transactions are gaining traction

Would you buy a studio apartment in Dubai using cryptocurrency? Or invest in your dream villa using Bitcoins? Many developers in Dubai are actually willing to accept cryptocurrency as a mode of payment. With these innovative modes of payment gaining popularity in Dubai real estate transactions, mortgages and cash are no longer the only ways you can purchase a home. However, it is important to highlight one caveat: Property purchases in Dubai using cryptocurrency are in reality cash purchases at the core, since the cryptocurrency is actually converted into cash at a crypto exchange house prior to the transfer. This is because using cryptocurrency to purchase real estate in not yet officially permitted in the UAE. Estimates suggest that using cryptocurrencies to buy residential properties generally occurs when their prices are at their peaks. Using them is just as easy and convenient as using a home loan or cash to secure a deal. More and more developers in Dubai are now offering the option to pay through these novel methods. When it comes to cryptocurrency payments for Dubai real estate, here are some key points to remember: Developers who accept the payment in Bitcoin or any other cryptocurrency, will always sign the sales and purchase agreement (SPA for short) in UAE Dirhams and receive actual cash. But they will run their own know-your-customer (KYC for short) programs and offer cryptocurrency as a payment mode via a third-party crypto broker. At present, no developer in Dubai can sign an SPA based on Bitcoin or any other cryptocurrency. That’s because the law of the land will first have to be modified to permit cryptocurrency as an official, direct means of payment. Only then cryptocurrencies will be able to become mainstream in real estate transactions. As of now, the UAE Central Bank doesn’t approve the use of virtual currencies as a mode of payment or for conducting online transactions. All this means is that currently the seller and buyer must go through a crypto-trading firm that’s licensed. There’s no regulatory activity in Dubai that limits the usage of cryptocurrency or regulates its oversight. For these reasons, even though Bitcoin and various other cryptos are gaining traction, they have a long way to go before they can become a direct, integral part of the Dubai real estate market. Advantages of buying real estate with crypto Once cryptocurrencies become a direct and mainstream mode of payment for real estate transactions, there will be several key advantages that will be unlocked. Here are the main ones: Reduced transaction costs Bitcoin transactions tend to be cheaper because transaction costs are much lower compared to other traditional modes of payment. Most leading crypto exchanges allow free Bitcoin accounts and charge lower fees than conventional financial institutions for moving funds. 2. Quick and timely payments Digital sales are convenient because they can be done almost instantaneously. You no longer need to worry about transferring money between foreign banks or about currency conversions. These things often slow down the process by days, even a few weeks. 3. Less paperwork Last but not the least, buying real estate using cryptocurrencies involves less paperwork. The procedures are less time-consuming, hassle-free, and short. Some words of advice When paying through Bitcoin or any other cryptocurrency, it is important that you pick a reputable crypto trading firm. Make sure the firm you choose has previously executed crypto transactions. Also, ensure that the firm you pick is fully in compliance with the law of the land. In addition to these things, cover all bases before you close the deal. This involves making sure the property you have chosen is being constructed by a genuine and reputable developer like Ellington Properties. Also, ensure all the paperwork is in order. So, the key takeaway is… The UAE law prevents cryptocurrencies from going mainstream as of now. They will have to be fine-tuned before cryptos can become a key part of real estate transactions in Dubai. The Central Bank of UAE at present prohibits using virtual currencies as a payment mode. However, there’s a way out. And it involves using the services of a 3rd party operator. In fact, at present buyers and sellers use this workaround to get a real estate deal cleared and to make sure things are done in accordance with the law of the land. There are many such 3rd party crypto brokers in Dubai, and you can easily find one if you want.

The expected impact of Dubai Expo 2020 on the UAE economy

The global center stage belongs to Dubai and the UAE for the next few months, throughout the duration of Expo 2020 Dubai, termed as one of the biggest global events ever by many. This universal extravaganza of technology, business, connectivity, and showbiz already got underway in a spectacular style and is expected to bring millions of visitors from all over the world over the next few months. The Expo 2020 Dubai will further cement the UAE’s place as a key global player in a number of fields, showcasing its strengths to the world and attracting not just tourists but business investments as well. It is no exaggeration to say that the Dubai Expo will have a telling effect on real estate, tourism, investment, construction, and many other sectors of the UAE economy. Surprised? Don’t be. Here are some statistics (from Arab News) that prove just that. Expo 2020 Dubai will boost the UAE’s economic activity by a whopping USD 33.4 billion It will support no fewer than 905,200 full-time equivalent job-years The economic activity during Expo 2020 Dubai (October 2021 to March 2022) is expected to equal 1.5% of UAE’s total GDP Restaurants and Hotels spending will increase by USD 3.1 billion Spending in the SME sector will go up by USD 1.3 billion Event organization and business services are expected to see a growth of USD 18.8 billion The construction sector is likely to see an impressive growth of USD 7.35 billion The message from economic pundits is loud and clear. In particular, the tourism and construction industry will receive a shot in the arm, thanks to Dubai Expo. The authorities believe, and not without reason, that Expo will boost Dubai’s attractiveness as a prime destination for not only tourists but also expatriate workers. Besides targeting 25 million visits to this global event itself, experts believe Dubai will see around 23 million tourist arrivals by 2025. To put things into perspective, Dubai recorded 16.7 million visits in 2019, so we are talking of an increase of roughly 33% in six years. This massive, expected inflow of tourists has incited the DTCM (which stands for the Department of Tourism and Commerce Marketing) to prepare a large number of events and attractions that will surely wow visitors and keep their families entertained. Now, let’s see what the Expo’s impact will be on a couple of important sectors. Real Estate: Since the announcement of Expo 2020, government-led projects have increased significantly in Dubai. Smart cities, improved infrastructure, and the District Expo 2020 will all transform the real estate sector for the better. On another hand, property sales and rental prices have already increased in the second half of 2021 and this was mainly due to an rise in demand by residents, investors and short-term visitors. After this event, real estate prices are expected to stabilize. For this purpose, authorities have come up with a detailed plan. So, even after the hundreds of thousands of tourists have left, the real estate market is likely to continue to grow and be able to avoid market fluctuations. Investment: Did you know that Dubai has invested 8 billion USD in the 2020 Expo? While this is not a meager sum by any stretch of imagination, when compared to the potential revenues from the event, it does look small. Experts have forecasted that direct revenues from Expo 2020 will easily reach 16 billion USD. Also, by the end of 2031, Dubai Expo 2020 is expected to contribute a whopping 33 billion USD to the UAE’s economy. Other industries expected to move to the next level thanks to Dubai Expo 2020 include conferences and exhibitions, transportation, communications, storage and of course hospitality. After Expo 2020 — What to Expect? The District 2020 (which is also referred as the Expo site) is all set to become an important hot spot for economic growth. Because this region has affordable housing, it will go on to become the nerve center for tourism and exhibitions. The Dubai Expo 2020 will make the city one of the most attractive places to visit and live, boosting the country’s overall attractiveness. So, while the event itself is for just six months, it will continue to have a positive effect on the UAE’s economy for many years to come.

Dubai’s post-pandemic properties rental market trends

The UAE is one of the few countries that have managed coronavirus well. Thanks to the great success of the UAE’s vaccination drive, the Covid-19 cases in the country are presently at the lowest in the last one year. This, coupled with the fact that Dubai Expo 2020 — touted by many as the biggest global event ever — is currently underway, has pushed the rental market upwards. All experts are unanimous in their opinion that the buildup to this global event has been spectacularly good for the UAE’s economy. Plus, they believe the positive regulations adopted by the government have helped spur business growth in the region. At present, the demand for certain class of real estate properties is very high, so much so that it exceeds the supply. As a result of this, rentals prices as well as real estate prices have gone up. This is particularly true for areas which are close to the mega event. All prominent residential areas near Expo 2020 have seen a remarkable surge in rental demand. These include, among others, the following: Jumeirah Village Circle Dubai South Dubai Investments Park Al Furjan Jebel Ali Dubai Production City Dubai Motor City Dubai Sports City As expected, Dubai Expo 2020 has drawn visitors in large numbers. According to many sources, during this month, Dubai will see no fewer than 25 million visits, which is not a small number by any means. Many of these visitors want to live in close proximity to Expo 2020, and this has resulted in an exponential increase in the demand for rental properties in all the aforementioned areas. Compared to this time last year, the buzz in Dubai is completely different now. Much of that is due to the re-opening of schools, resumption of most flight routes, re-opening of offices, and restaurants and malls at increased occupancy. Of course, it goes without saying that the successful inauguration of Expo in October 2021 has helped too. The successful transition to normalcy with comprehensive public safety and health measures in place has heralded the end of the coronavirus-related restrictions in the country and pushed the real estate industry’s recovery. Here are some important post-pandemic property rental statistics: The 3rd quarter of 2021 witnessed an upward trend in the real estate market. The affordable housing registered an increase of 14% whereas the luxury housing surged by an impressive 30%. Economists are of the opinion that the fourth quarter will be no different, perhaps even better. The reason for this optimism is obviously the commencement of Dubai Expo 2020. Dubai Expo 2020 recorded over 411,000 visitors in the first 10 days. Before the event ends, experts believe near to 25 million people will visit Dubai and the UAE. From these impressive figures, one can easily ascertain that areas in close proximity to the Expo site will be in high demand during October 2021 to March 2022. Both the rental demand and rental prices will grow in such places. Residential rents in Dubai will continue to improve in 2022, but the rental recovery, in all probability, will be segmented. Segments that are likely to see the most growth are prime apartment locations and villa districts. On the other hand outer apartment districts and most affordable districts might see slower stabilization rates. The apartment rates increased by 3% on average during April, May, and June 2021. In contrast, villa rates increased by 8% during the same period. With many tenants still preferring to work from home, there’s a greater demand for rental units that offer better amenities and greater private space. Similar trends are visible in popular localities like JBR and Dubai Marina. However, villa developments like Victory Heights and Arabian Ranches posted much better improvements both annually and quarterly. How tenants are paying has also changed. Tenants prefer to pay in more cheques instead of one or two payments that was the trend some time back. Most tenants are going for rental renewals, which indicates that renters don’t mind an increase in their rent as much as the moving costs and the hassle linked to it. For sure, Dubai Expo 2020 has boosted the rental market. However, as to the question whether this is a long-term effect or not, that is something only time will tell.

The top Expo 2020 attractions you don’t want to miss

If there was any doubt before, by now it should be clear to all that Dubai likes to do things bigger, bolder, and better. If the marvelous opening ceremony is any indication, the Dubai World Expo 2020 is likely to be one of the best global events ever. With that said, here are several major Expo 2020 attractions you wouldn’t want to miss: 1. Al Wasl Dubbed as the beating heart of Expo 2020, Al Wasl Plaza is probably the biggest attraction of this truly global event. At roughly 130 meters wide with a colossus dome which is almost 67 meters tall, Al Wasl is not an ordinary building. As a matter of fact, the dome doubles up as a 360-degree projection surface. That said, it’s not just the exterior of Al Wasl that’s amazing — it offers you six marvelous shows, five of which are scheduled to run daily. Here are some Al Wasl Plaza shows that you wouldn’t want to miss for anything in the world: Global Awakening: As you walk leisurely through the Al Wasl Plaza’s garden early morning, you will hear the sounds of the Earth coming slowly back to life. This is the very first show of the day and it nicely sets the tone for what to expect throughout the day. Global Awakening is a show that everyone will be able to enjoy. National and Honor Day Ceremonies and Cultural Performances: Want to learn more about different cultures? Well, this is your opportunity. Grab it with both hands. With this event, all the participating countries — 192 in total — get a chance to showcase their traditions and culture to a global audience and celebrate their uniqueness. Expo Young Stars: You may have heard the saying: “Today’s Students are Tomorrow’s Future.” Well, 2020 Expo Dubai fully recognizes this age-old maxim. For this reason, Al Wasl Plaza has created this limited-time event in which students from different parts of the UAE will meet and share their stories, experiences, and dreams through dance and song — all choreographed, directed, and written by them. Come and be a part of their journey and we bet you will soon be rooting for your success as you watch their heart-moving performances. Music in the Gardens: Love music? If so, this is one event you wouldn’t want to miss. Daily from 3pm onward, musicians from all over the world will showcase their talents. There’s something to look forward to for all music lovers because the event features live music of all genres, such as classical, world fusion, pop and more. Awakening of Al Wasl: Tipped as many as the most mesmerizing events of all, Awakening of Al Wasl tells the story of humanity. Come to hear and watch the enchanting Arab tales, as well as tales from the natural world, the infinite cosmos, and our constant stride towards technological advancement. 2. Firdaus Orchestra Oscar-winning composer and music sensation A.R. Rahman has created an ensemble of 50 musicians — all of them women — from 23 Arab countries. The concert begins on 23rd October and aims to celebrate the culture, diversity, and artistic power of this part of the world. This all-women orchestra, composed of highly talented musicians, with Yasmina Sabbah as its conductor, wants to demonstrate how music is for everyone and accessible to everyone. The inaugural performance will also feature some of the top compositions of A.R. Rahman. 3. Women’s Pavilion Expo 2020 Dubai’s Women’s Pavilion shines a light on how women have contributed to the world. It also emphasizes that to achieve true global progress, sustainability and peace, this can only be done through the equal and full participation of women. The Pavilion brings together female architects to filmmakers and serves as a global platform for promoting gender balance. 4. AI-powered, multi-sensory food experience If you are a food enthusiast, you will enjoy the innovative culinary experience that Dubai Expo 2020 offers. Featuring more than 50 global cuisines, served at nearly 200 outlets across the site, the Expo will keep foodies busy and happy. Highlights include award-winning chefs, UAE’s most famous local eateries, and “Future of Food: Epochal Banquet.” Imagined by highly-talented UK design studio Bompass & Parr, Future of Food is a 3-course immersive dining experience exploring how AI will shape the future of dining.

The latest trends in Dubai’s rebounding real estate market

With UAE’s economy recovering well from coronavirus, it comes as no surprise that Dubai’s real estate market experienced steady growth since the first half of 2021. The big question, however, is — will Dubai’s property market continue to rebound in the rest of 2021 and beyond? If the latest trends are any indication to go by, the answer is likely to be ‘yes.’ So, what are the factors that have helped Dubai’s real estate market to rebound so well? According to the experts there are several contributing factors, the two most important ones being a successful Covid-19 vaccination plan and visa reforms. Experts are also almost unanimous in their opinions that the positive measures taken by the government to support the economy has also spurred demand in Dubai’s real estate market. In this post, we will look at some of the latest trends in Dubai’s rebounding property market. The Villa Segment is Expected to Perform Better than Apartments At present, the villa segment of the Dubai’s property market is performing much better compared to apartments, and this trend is likely to continue in the future as well. The positive momentum started building in the 3rd quarter of 2020 and has continued throughout 2020 and the first half of 2021. This has been possible because of the general positive market sentiment following improvements in the Covid-19 situation and concrete steps taken by the government to improve growth in the housing market and manage oversupply. The latest real estate data also confirm that Dubai’s real estate is rebounding exceedingly well. While Dubai recorded 35,041 sales worth Dh71.87 billion in 2020, the first half of 2021 has seen 27,373 transactions totaling Dh61.71 billion. According to the experts, this is the most impressive real estate performance in terms of sales transactions in the past 8 years. Prices have increased 1.3% in March 2021 The real estate market is experiencing an uptrend across the board. Real estate prices have jumped by 1.3% in March 2021 compared to March 2020. On year-to-year basis, this is the first increase recorded since 2015. Dubai’s real estate market bottomed out towards the end of 2020 (somewhere around November). Since then the real estate prices have jumped 7%. Premium properties are recording even better gains It’s no secret that the UAE has handled the Covid-19 crisis much better than many other countries. This is perhaps the biggest reason that why right now a large number of luxury buyers regard Dubai as the best place to put in their investments. Many international and regional buyers have relocated to Dubai, spurring growth in the luxury property segment. In addition to a strong response to the pandemic, attractive prices are another key reason that has helped Dubai attract luxury buyers in hordes. According to many real estate experts, the present is nothing short of a historic time for the luxury real estate segment. Data, also points toward the same thing. Properties worth Dh10 million and more have recorded an all-time high market share of 2.5%. Some other factors that have contributed to this uptrend are as follows: Low interest rates. Thanks to this, many tenants are turning into buyers Positive sentiment. The prevailing sentiment among investors is that since the real estate market has already reached its rock bottom in 2020, it is now safe to invest in it. Low prices. In many areas prices are even below replacement cost. This, as you may guess, makes for a great entry point for both first-time investors and seasoned investors. Occupancy rate is still on the lower side in B-grade apartments Even though Dubai real estate market is rebounding impressively, there are some lingering issues. For starters, occupancy rate in B-grade apartments which don’t offer many modern amenities is on the lower side. With that said, most experts agree this is nothing to worry about as it is a sign that people in this new “work-from-home” environment prefer better housing options such as A-grade apartments, townhouses, or villas that usually offers bigger space and more amenities. Perhaps this is the reason why the demand for beachfront properties has also jumped up. However, off-plan market activity is expected to continue facing headwinds. According to experts, it has contracted by 29% on year-on-year basis in the first half of 2021. Nevertheless, they are also hopeful that improved demand and sentiment will soon improve things in this segment as well.

6 Activities Children Will Enjoy at Expo 2020

Dubai’s Expo 2020 has been the most awaited event of the year and has drawn people from around the world. Following the goal of learning, broadening our horizons and experiencing new things, Expo 2020 has made sure that the youth can make the most out of it. In addition, entrance is free for children under 18, with an array of different family-friendly experiences for all ages. Rashid’s Playground Named after one of the mascot siblings of Expo 2020, Rashid’s playground is located in the Jubilee Park. It provides visitors with an ocean-themed adventure, including an interactive 3D maze designed to challenge their thinking and problem solving. The playground has exciting highlights such as sharks on springs, whale slides, and ocean liners. Moreover, children can even discover the region’s most surprising inhabitants: the humpback whale. Latifa’s Space Adventures Follow the second mascot sister into Latifa’s Adventures in Space City. There, you may dive into a zero-gravity chamber, orbit around swings, and explore a replica of the UAE’s Hope Probe. Al Forsan Park is part of the interactive space, with an interconnected network of walkways that provide a rich assortment of options for cultural engagement and recreation. Explore Sustainability Terra – The Sustainability Pavilion, is a fun experience that brings the UAE and Expo 2020’s commitment to sustainability to life. It is going to encourage sustainable choices for future generations by taking visitors through the natural world’s treasures. Many of the 191 Country Pavilions will also have a family-friendly theme. For example, the 21-metre-tall slide at the Luxembourg Pavilion that whisks visitors through woodlands. The traditional board and playground games keep families entertained at the Ethiopia Pavilion. At the Guinea Pavilion, folktales will be brought to life, while Kinetic energy is highlighted at the Bulgaria Pavilion. Whale chaperones whisk visitors through an enchanted forest at the Tonga Pavilion. Garden In the Sky Garden in the Sky is a 55-metre-high observation platform that provides a 360-degree view of Expo. The garden features two interconnected cabins that rise and drop. Visitors can access the lower cabin from the basement and the upper cabin from the ground of the rotating tower. Furthermore, the highest floor of the tower is adorned with ten yellow flame plants that withstand the UAE’s weather. The experience is perfect for children and adults alike, provide an unparalleled view of the entire Expo. Expo’s Robots Take a stroll towards the Monaco Pavilian and play a ‘jump and run’ game to guide a baby penguin back to safety past the deadly dangers of the Arctic. Through this interactive game with robotic penguins, children can see how they observe penguin behavior. Not only that, but there are also robots placed all around Expo, programmed to help answer your questions, and even crack jokes. Additionally, robots are a fun experience for children to learn how far technology has come, and how there are no possibilities for our ambitions. ‘Colours of the World’ parade Children will enjoy the live entertainment and shows provided by Expo daily, especially the parades. Every day, the “Colours of the World” parade will provide viewers with a one-of-a-kind cultural fusion experience. A lively, colorful, moving celebration with worldwide participation, performers, and musicians that is full of energy and a lot of fun.

EXPO 2020: Discover the Initiatives Behind the World’s Most Exciting Event

As Expo 2020 attracts people from around the globe, the mega event works towards making a noticeable impact on the world around us, environmentally, socially, and culturally. Together with people from every walk of life, Dubai’s Expo works on creating a meaningful impact through a range of programs and initiatives. Since innovative ideas come from all around the world, the Expo initiatives provides the assistance, platform, and visibility to innovators worldwide whose ideas benefit society, the environment, or both. There are three major initiatives behind Dubai’s Expo 2020, which are the Global Best Practice Programme, Sustainability, and the World Majlis. Global Best Practice Programme The Global Best Practice Programme showcases initiatives from around the globe that have offered significant and sustainable interventions, with the goal of spreading them elsewhere, showcasing genuine solutions to the world’s largest issues. The program focuses on five areas that correspond to many of the United Nations Sustainable Development Goals (UN SDGs). From 1,175 applications to the Global Call for Proposals, the jury chose 25 projects. Alongside, they have also chosen 20 Untold Stories from around the world that highlight community efforts and stories of effective solutions for people and the earth. Inclusive and sustainable service delivery The first area is inclusive and sustainable service delivery, which focuses on services from solar energy to the internet, clean water to recycling, be inspired by those who are trying to improve the lives of communities by providing dependable services. Their inventions make an impact everywhere, from cities to refugee camps. Livelihood and enterprise development The second area is livelihood and enterprise development, which includes projects from around the world that provide encouraging alternative job and income possibilities, such as women in the workplace, competitive products and services, and increased market access to provide people the tools they need to improve their lives. Social development Another area covered under the initiative of the Global Best Practice Programme is social development. Focusing on providing them with the proper necessary tools to break the cycle of poverty and ensures that they have access to affordable healthcare and education, allowing for social mobility. Resilient habitats Alongside, another area of this initiative is resilient habitats. Communities can cope better with difficulties and adversity by adopting and implementing resilience strategies to safeguard their human, economic, and ecological assets, from climate change to fast urbanization. Water, food, and energy security The last area that the initiative focuses on is water, food, and energy security. Focusing on smarter consumption and resource management to better meet increasing requirements for a growing global population. Sustainability Dubai’s Expo aims to deliver one of the most sustainable Expos ever. Through its emphasis on sustainability ingrained in everything they stand for, they hope to establish a legacy after Expo is over. Generating clean energy and reducing water consumption Expo installed renewable energy systems totaling 5.5 megawatts on all permanent projects around the Expo site. This is enough energy to make 180,000 round journeys from Downtown Dubai to Abu Dhabi’s Corniche. In addition, Expo has achieved a 52.4 percent decrease in water consumption in the buildings in 2019. That is compared to the Dubai Electric and Water Authority’s baseline water requirements (DEWA). This equates to 102,835,000 liters per year, or about 41 Olympic-sized swimming pools. Promoting natural solutions Expo aims to build the groundwork for a sustainable legacy for future generations. They do so by focusing on human growth and technology breakthroughs while protecting the planet’s ecological and natural resources. 50% of the landscaping plants used at Expo 2020, and 95% afterward, are native and adaptable species. An important sustainability goal is to manage 95% of the landscape without the use of chemical pesticides, herbicides, or fertilizers. Seeds of Change Expo 2020 has established the Seeds of Change initiative to engage guests and make the carbon offset program more relevant. Visitors may ‘vote’ by giving ‘seeds’ in this unique, crowd-sourced concept, which allows them to choose which carbon offsets will be purchased by Expo. After that, Expo will promote inspirational projects from across the world. Those are projects that produce carbon offsets while simultaneously offering social or economic benefits to their local communities. Reducing waste One of the primary goals of the sustainability initiative in Expo is waste reduction. 85% of the garbage will be separated into multiple waste stream through removing trash from landfills. This happens during building, operation, and decommissioning. Expo has also launched the Planet Over Plastic Pledge, in which they urge participants and partners to reducing packaging and single-use items, as well as recycling on-site. World Majlis Since the first Great Exhibition in London in 1851, World Expos have been a particular venue for bringing together curious minds interested in future questions and, in doing so, learning more about each other. Expo 2020 Dubai has proudly carried it on by combining it with the long-standing Emirati tradition of the majlis. To make change in the world, discussions and dialogues need to take place globally. The World Majlis at Expo aims to spark new ideas and perspectives, through conversations that matter and make a difference. The forum includes 8 – 10 globally recognized thought-leaders, invited for their exceptional contributions to the topic. In each Majlis, students and members of the public are also welcome to contribute and engage. The World Majlis included the Next Gen World Majlis, giving a young people’s perspective during and after Expo 2020. It includes the Women’s World Majlis, which is a series of discussions centered on critical women’s issues. This is being offered in conjunction with the Women’s Pavilion. The Women’s World Majlis places women’s viewpoints at the center of each Expo thematic week.

Everything You Need to Know About Dubai’s Expo 2020

The wait is finally over as gates opened for the much-awaited Expo 2020, tipped by many as the biggest show on our planet. The event will host the world for 182 days (from 1 October 2021 to 31 March 2022). Here’s everything you may want to know about it. What to see There are many things to look for in an event of such a size and reputation. Every day there are roughly 60 events lined up. One of the main attractions is the UAE pavilion, which looks like a falcon in full flight. This structure, which sits at the center of the event area, tells how the UAE has emerged as an important global hub. Besides it, there are 190 pavilions from all corners of the world. Looking for an amazing culinary experience? You will not be left disappointed. The Expo reveals some of the world’s best chefs, including Matthew Kennye, Rohit Ghai and David Myers, across over 200 eateries. If you are interested in retail therapy, make sure you include World Souq in your itinerary. It features a wide range of enchanting items of ethically sourced craftsmanship from different countries. In the evening, the spaces and buildings will come alive with light installments and projections to create an enthralling world of beauty and wonder. Ticket Booking and Price Want to book a pass to join the Dubai Expo 2020? Well, booking a pass is simple, easy, and quick via the official website of the Expo. Plus, visitors get several booking options to choose from. You can book a daily, seasonal, or monthly pass. A seasonal pass, as the name suggests, is valid for the entire season (6 months). You can get a six-month season pass for AED 945. On the other hand, a monthly pass is valid for 30 or 31 days, depending on the month for which you buy it. For example, the ‘October Pass’ is valid for the whole month of October (that is, 31 days). This pass — which costs AED 195 — gives you a great chance to explore the event and enjoy many entertainments and immersive experiences for the whole of October. However, if you want to visit the Expo for one day only, you will be better off purchasing a one-day pass by paying AED 95. Entry for the following people is free: Kids and youth (6-17 years) Senior citizens (60+ years) Students (as long as they have a valid ID card from any recognized educational institution in the world) People of determination Because of the Covid-19 Pandemic, there are a few special considerations this year that you must keep in mind: Entry is allowed only if you are fully vaccinated or have a negative PCR test Visitors must wear a mask Visitors must maintain social distancing The Dubai 2020 Expo is open from 10 am to 10 pm. How to get there Getting to the event couldn’t be simpler. You can get there by Metro, taxi, bus, or car. Expo 2020 has three main entrances, all of which are less than 25 minutes from Dubai Marina. The cost of a taxi ride from Dubai Marina is roughly AED 45. You can book a cab via the phone, but the easiest way is to use an app like Uber or Careem. If you want to book a ‘Hala’ ride — the most affordable taxi in Dubai—use the Careem app. Dubai Metro is a great option for budget travelers. Dubai is divided into seven traveling zones, each with its own Metro stations, tram stations, and bus stations. The cost of traveling via Metro depends on the number of zones you pass through but is usually much lower than taking a cab. Dubai Metro is free for Children below 5 years. Expo Rider — a dedicated public bus — can also take you to the Expo 2020 site, and that too free of cost if you are an Expo visitor. You can catch the bus from a number of different locations in Dubai. The Expo site is well connected with all major roads in Dubai. So, if you want to drive yourself to the site, that’s easy and quick as well.

5 Tips to Help You Rent Out Your Apartment in Dubai

Renting an apartment is a great way to secure a monthly income in the UAE, but you will definitely have to put in conscientious efforts to make your property more appealing and optimize your rental yield. Here are five tips to help you rent out your apartment in Dubai. 1. Hire a reliable broker It is important that you partner with a broker you can trust and with whom you can build a win-win professional relationship. Often, property owners in Dubai spend less time picking a real estate agent than picking a restaurant, and that’s where things start to go wrong. It’s paramount that you invest time and effort to find the right broker then have an honest and open conversation with him or her so that they can fully understand your needs and expectations. So, how can find such a broker? A good first step is by getting recommendations from people whose opinions you trust and then following up with interviews of your own. 2. Perform real estate due diligence You may already have a rental figure in your mind, but the question is – is that price realistic and achievable in the Dubai market? Sift through various property portals to find out the average rental price for properties similar to yours in your area. Of course, your broker is going to share their inputs and that’s great, but you should also do some homework of your own. 3. Offer flexibility and add-ons Convenience is one word that resonates well with all potential renters. If you are flexible in the rental contract, you are likely to have a signed contract sooner. Here are four things you may want to consider to make your rental offer more attractive in Dubai: Multiple rent payment cheques: Not all forms of rent payment are equal. If you want to rent out your apartment in Dubai as quickly as possible, you should offer payment options that are easy and convenient for potential renters. One way to do that is by offering multiple payment instalments. It’s no secret that not many renters are interested in signing a one cheque rental contract unless it comes with a hefty discount. One month free rent: Apart from the word ‘convenience,’ another word that can pique renters’ interest in a property is the word ‘free.’ If your Dubai property has been sitting vacant for a few months, why not sweeten the deal for potential renters by including the one-month free offer in your contract? Short-term contracts: While one-year contracts are the norm, the rules of the game are not as rigid as before. Why? Glad you asked. A large number of expats new to Dubai now look for shorter-term contracts until they get acquainted and comfortable with the city and their new jobs. If you want to make your rental offering more attractive, consider offering shorter-term contracts, like 6 or 3 months. Utilities included: As a property owner, it’s up to you whether to include utilities as part of the monthly rent. Before you set the rent and write up the terms of the lease, decide who will pay for things like gas, electricity, heat, water, and so on. If your property is located in an area popular with professionals, especially singles, you may want to draw up an “all utilities included” rent agreement. That’s because busy working professionals are looking for such an arrangement, as that means they will not have to make the effort of setting up payments under their account upon moving in. 4. Consider turning your property into a holiday rental Want to escape the lower rental yields? If so, consider turning your apartment into a vacation rental property like the ones offered on Airbnb. Doing so is simple and easy and doesn’t involve hefty fees. You can take the first step in this direction by registering with the Dubai Department of Tourism and Commerce Marketing. Once you have done that, you will be able to list your studio or apartment on Airbnb and other similar websites. 5. Pay attention to the upkeep Nothing turns off renters more than a property that is being poorly maintained. When a potential tenant visits your apartment, he or she pictures it as their future home, at least for the next few months or years. They don’t expect to see — nor would they appreciate — surfaces that are scratched or unclean or walls with paint peeling off them. Make a strong impression on all potential tenants by keeping your property in top condition.

Top 5 Reasons to Buy a Property in Dubai Post-COVID

2020 and 2021 have been full of surprises as the COVID pandemic dramatically affected businesses across all industries. On the real estate front, the scene indeed witnessed a major upheaval. This stands particularly true to Dubai, a city full of surprises, where promises inspire growth and the hope for a sustainable development. This blog discusses 5 reasons to invest in Dubai’s real estate market post-Covid. An Adaptable City Since March 2020, it has been clearly established that social distancing and even lockdowns are the new way to operate. Dubai-based institutions had to adapt their schedules and systems to be in line with the curve during COVID. Aiming to be available 24/7, Businesses and brands embrace digital channels and display updated profiles on online platforms. Dubai was able to accommodate modernity like very few cities do. Dubai offers the widest possible array of activities and things to do from within your living quarters. Modernity makes everything available offline and online, giving way to flexible lifestyles that can be easily adapted to the lockdown. Thus, living in Dubai keeps uncertainty at bay and one will feel safe in the post-COVID times. A Safe Haven Not only is Dubai a hub of customer-centric services, resources and amenities, the city is most importantly safe. Crimes are at an all-time low due to the multiple laws, measures and their implementation in all of Dubai. Among the safest neighborhoods are Jumeirah Village Circle, Dubai Marina, Mirdif and Al Garhoud, Jumeirah Lakes Towers (JLT), Emirates Hills and Business Bay. Therefore, Dubai houses a community of individuals who can thrive due to the security and safety of the city. Beautiful Neighborhoods It is easy to find beautiful apartments, townhouses and free-standing villas that offer plenty of space and excellent amenities in JVC, MBR, Victory Heights, Motor City and Arabian Ranches. It is a relaxing to walk along Marina, bike in Jumeirah Village Circle, and catch the sunset in the park. That being said, there is a lot more to Dubai than inner city neighborhoods. For example, Palm Jumeirah is the place to be for beach lovers. The diversity of indoor and outdoor recreational activities, availability of transportation, and plethora of businesses is perfect for all residents. A Hub of Creativity Dubai is a celebration of art and creativity. Dubai Design District has become the center of the biggest events in the fashion and entertainment industry in the region. It pioneered the careers of influencers, artists and entrepreneurs alike. However, Dubai’s creativity is not limited to fashion and entertainment, as many other sectors are currently witnessing massive waves of innovation sponsored by the local authorities, including technology, media and even government services. Dubai is the first city in the Middle East to be selected as part of the UNESCO’s Creative Cities Network. Secure Investment All of the above make for a host of favorable reasons to not only live in Dubai, but also invest in Dubai’s flourishing real estate market, which is full of good opportunities that carry direct and indirect returns. Simply put, the income from this investment is tax-free and the best part is that the mortgage registration fees are low. Dubai is irrefutably a winner in the sense that it is quintessentially safe, eventful and forward-thinking, especially in a post-Covid era.

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.