dubai Archives - Ellington Properties

NEIGHBORHOODS WITH A HIGH RETURN ON INVESTMENT IN DUBAI

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

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.

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.

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.

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.

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.

Hamama – Art That Came to Life at Belgravia II

At Ellington Properties, we recognize the value art adds to a project. Through the Ellington Art Foundation Initiative, we aim to support the local art community through collaborations to produce unconventional, contemporary art pieces. From paintings to photography, visual arts, and installations, Ellington Properties appreciates all artforms. About Hamama Ellington Art Foundation collaborated with Professor Juan Roldan, Professor Camilo Cerro, Ms. Reema Chalha, Ms. Sana Fathima and Ms. Mariam AlJuwaied from American University of Sharjah. They were commissioned to create an art installation, called “Hamama” for Belgravia III‘s lobby. Hamama is an organic expression of a controlled agitation of this flock of doves, which sprouts from its core, framing the lobby lounge, and adding depth and dimension to the space. Design Process The process included a lot of trial, error, and experimentation, as Hamama is an intricate, detailed art piece. Firstly, they began trialing with different materials and techniques that defied the conventional. However, they had to appeal to the site’s meaning and style. Subsequently, three separate project ideas were created. Each one of them, experimenting with different forms, materials, and sizes. Finally, a concept was selected after close consideration, and the chosen proposal used a monochromatic color scheme to express frozen dynamism. Hand drawings, sketch models, 3D digital modeling, parametric algorithms, and mock-up modeling were used in the extensive design phase. This continued until a flexible architecture was built from a single unit that can be assembled into a transformable module. Furthermore, several versions of the unit were created with a scale and color hierarchy, then heat-bent into complicated shapes. This was to create a multi-dimensional representation of a flight of doves photographed in mid-flight. Joined together, they form the final structure of Hamama. Hamama Installation The art piece is made up of three layers, which have been heat bent into dynamic shapes and linked with other units, generating an iterative module. The central module in the system uses 8mm thick units, which then branch out into thinner 6mm and 4mm sub-units. Moreover, the frosted primary units bring visual sophistication to the piece by allowing light to bounce off and cause dynamic reflections. The transparent secondary units add subtle texture to the installation by connecting to the ends of the primary units and emphasizing the frozen movement. Metallic fasteners bind the heat bent parts via a four-point delivery mechanism between the ‘wings’ of the pieces. The way Hamama is suspended from the ceiling is through a robust pulley and wooden counterweight system. This contracts the fluidity of the acrylic to create an over-all balance between the art and the mechanism. Three black ropes are strung through the acrylic composition and secured to a large wooden stopper. Thus, distributing the suspended weight and securing the attachment inside the counterweight. The wooden floor-mounted counterweight was intended to work as an autonomous sculpture. However, also acting as a counter-load to mechanically lower the sculpture for annual maintenance. The counterweight was made to allow a single individual to quickly float down the 50 kg sculpture. This is done by opening the padlock at the back of the sculpture and unraveling the rope. Thus, this raises the upper wooden section from the floor mounted anchor to float 1m off the floor. Awards Hamama received an award by Harpers Bazaar Arabia for Best Collaboration during The Sixth Edition of Bazaar Interiors Awards 2020. Furthermore, Hamama has been mentioned in several magazines across the region. Awards ranged from Gulf Business, Gulf Today, Zawya and more, recognizing the creative and unique aspects of the installation.

WINTER ACTIVITIES IN DUBAI

Winter in Dubai is unique and attracts tourists looking for a cool weather that is not extremely cold or rainy. During this season, many festivities and activities are opening for people who enjoy both the outdoors and indoors. Residents and visitors have many options this year, and we complied a list of festivals, outdoor and indoor activities to help you make a better decision. FESTIVALS Dubai Shopping Festival Dubai residents love festivals, as they bring colorful light shows, food from around the world, and music every year. This winter, it starts off with the yearly Dubai Shopping Festival. It offers mega sales on everything you can imagine, with activations and special events in different locations in the city. Dubai Shopping Festival takes places in centers such as Dubai Mall, Mall of The Emirates and Mercato Mall. Habtoor Palace Winter Garden For lovers of outdoor festivals, Habtoor Palace Winter Garden is the perfect place to enjoy the cold with your pets. It’s a Christmas market offering kiosks for food and retail with a variety of activities to entertain children. Global Village Have you ever imagined experiencing shopping, food and games from all around the world at once? Global Village is a multi-cultural event featuring a range of different countries with numerous pavilions. You can browse ethnic dishes, clothes, and more while watching traditional dances and listening to folklore music. Global Village is especially popular among tourists and food lovers because of the different booths selling their local street foods. Countries that participate range from Thailand, Netherland, Egypt and so on! In addition to all of this, there are amusement rides for the whole family to enjoy. If you’re looking for some family-friendly entertainment, Global Village is the ideal destination. Fountain View Having a meal with the view of Burj Khalifa and the fountain in the winter is a relaxing experience. Situated next to Dubai Mall, the fountain area in Downtown Dubai has restaurants with a direct view of the water. Enjoy the entertaining shows that involve music and dancing fountains for a romantic yet relaxing time. Dubai Miracle Garden For lovers of nature, Dubai Miracle Garden provides visitors with an unforgettable experience with live shows and events. But what give the garden it’s miracle vibe are the millions of flowers used to create unique decorations everywhere. Next door is Dubai Butterfly Garden, the world’s largest butterfly garden featuring 15,000 butterflies of 26 different kinds. WINTER OUTDOOR ACTIVITIES Hiking For the lovers of sports and adventure, there is a variety of different activities you can take part in. Hiking in Ras Al Khaimah has become a favorite of many, with paths made for beginners and experts alike. With good weather and wonderful views of the mountains, it is easy to see why many people enjoy hiking. The available paths include Wadi Ghalilah, Jebel Jais, Jebel Qada’ah and Wadi Shawka. Kayak An activity for people who love the sea is kayaking in Hatta, which provides you with clear waters and exciting experiences. There are water activities are also available for your enjoyment, such as Pedalo’s, water bikes and donut boats. Cycling Dubai is renowned for its crowded roads and fast vehicles, but the changing weather offers many safe places for cycling. People enjoy cycling in Al Qudra, Nad Al Sheba, Al Warqa’a Jogging and Cycling Track, and Dubai Autodrome. With the weather cooling down and the forthcoming Dubai Fitness Challenge, this winter is the perfect time. Camping Continuing with the trend of outdoor activities, a favorite of many people is camping in the desert and mountains. Many go to Qudra, Ruwaiya and Hatta and enjoy a night under the stars, surrounded by the aroma of a campfire and barbecue. It is understandable why many residents leave the city to go camping on the weekends. HOME ACTIVITIES Events Living in a community has many benefits, such as events that entertain and provide an opportunity to socialize. From events targeted at spreading awareness such as Breast Cancer Awareness Day, to spreading the holiday spirit during Christmas. Our events at Eaton Place and Belgravia 2 in Jumeirah Village Circle are aimed at creating a space for people to learn and socialize. Yoga Many people are doing yoga as an activity to provide clarity of mind, while helping the body become stronger and leaner. Our properties like DT1 offer yoga retreats, so that residents can spend some time relaxing in the fresh air. However, some people prefer simpler options, such as sitting by the pool and reading a book. When the weather gets colder, people opt to take the indoors outdoors. Instead of sitting at home reading a book, they can sit by the pool and listen to the water as they flip through their pages. Fitness A healthy mind is in a healthy body, which is why getting at least an hour’s worth of working out is important for a sustainable and happy life. Not only is exercise a fantastic way to build a lean body, strong muscles and a healthy heart, but it has also been shown to help keep us emotionally fit. Ellington Properties’ project in Downtown Dubai, DT1, close to Dubai Mall and Burj Khalifa, includes a state-of-the-art gym, with all the necessary equipment for a full body workout that replaces the need for any gym membership.

5 reasons why MBR City is the hotspot for property investment

Top 5 reasons that make MBR City the hotspot for property investment in Dubai for 2021 and beyond

Over the years, property investment drew the attention of many people, and proved to be a sound investment. Whether you are an expert on the field or a beginner looking for your first investment, you will be always looking for locations that generate the best returns in terms of ROI, capital gains and lifestyle offerings. Mohammed Bin Rashid City, also known as MBR City, is one of the most-anticipated mixed-use developments in Dubai and the gulf region. Envisioned and developed as a city within the city by the ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, and thus it was named after him. MBR City is the hotspot for property investments in Dubai for 2021 and beyond, and we will share with you five reasons why. LOCATION Location is an extremely important element in property investment, as it is the key driver for a sound and strategic investment. Mohammed Bin Rashid City is located along the roads of Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, Al Ain-Dubai Road and Al Khail Road. This new master-community in Dubai is well-connected to the rest of the city, with access to all major highways and streets. Our projects are located within the Meydan district, which is just five minutes away from Downtown Dubai and Burj Khalifa, Emaar Square, Dubai Mall and just south of Business Bay. The Meydan District takes the best spot in terms of location with easy access to Dubai’s commercial and business centers, as well as leisure and entertainment areas. The International Airport is just 10 minutes away, providing an easy travel connection to all residents, international travelers and visitors. PROPERTIES The type and characteristics of properties are essential for property investments. Attractive plots or houses with well-to-do infrastructures, good and open-plan layouts attract tenants, in such that a property with attractive features makes a handful of returns. Mohammed Bin Rashid City offers a mix of commercial and residential communities from several developments such as Meydan City, Dubai Hills Estate, Sobha Hartland and District One. The community offers a wide selection of luxurious apartments and villas and mid-range townhouses and residential apartments within sustainable communities developed and built according to green living standards. Ellington Properties award-winning developments in MBR City, Wilton Terraces and Wilton Park Residences features a sustainable and eco-friendly residential living experience perfectly located in the middle of lush parklands, with an overlooking view of the Ras Al Khor Wildlife Sanctuary and the city skyline of Downtown Dubai. Wilton Park Residences offers residents with a natural living experience, with its design and development taking advantage of its natural surroundings. The amenities are inspired by top-luxurious resorts such as an infinity pool, highly appointed gymnasium and kids’ areas featuring multiple play zones for various play activities. The residences feature open-plan layouts, well-equipped kitchen and floor-to-ceiling windows, all built within the practice of biophilic design. LIFESTYLE AND OFFERINGS A profitable real estate investment also focuses on the key offerings and experiences its potential residents get, as tenants tends to focus on convenience and comfort when choosing for a house to live and stay. Mohammed Bin Rashid City is set to become the family and tourist destination in Dubai with services, facilities and amenities to cater to multiple cultural backgrounds. Shopping and Retail Meydan One Mall, envisioned to be the home of the world’s longest indoor ski slope, will feature 550 retail outlets including a 13,200 square meter hypermarket. The Meydan One Mall is one of the most highly anticipated developments in the city that will redefine the ultimate retail experience. Entertainment and Leisure Crystal Lagoons is set to be the largest man-made lagoon in the world. Inspired by the Caribbean, the lagoon covers about 7 kilometers of clear turquoise waters and palm trees, surrounded by corporate towers, parks and residential developments. Meydan Golf Course, a unique 9-hole course spanning over 7,412 yards of tee options and natural lakes, will operate with a pay and play concept ideal for visitors. The Track, Meydan Golf Course is the newest course for all the golf lovers in Dubai. Meydan Racecourse and Grandstand boasts two-horse-racing tracks spanning over 1.5 kilometres with a spectacular facility that can cover up to 80,000 visitors. Schools and Universities North London Collegiate School located within Sobha Hartland in MBR City, is a 38,000 sq/m campus offering international curriculum standards dedicated to promoting the holistic developments of students. NLCS Dubai is just 1 minute away from Wilton Terraces and Wilton Park Residences. Hartland International School follows the UK curriculum educational system offering primary and secondary program committed to delivering the best educational experience. Situated within the Sobha Hartland community, it is 1 minute away from Ellington Properties projects, Wilton Terraces and Wilton Park Residences. APRECIATION POTENTIAL Appreciation is the real upside of real estate investment. A property investment should have a strong appreciation potential in terms of the neighborhood and the property. Mohammed Bin Rashid City is one of the highly anticipated developments in Dubai because of its promising vision to deliver world-class entertainment and unique residential offerings. Some of the developments are forecasted to break records and is expected to compete against the world’s best. Tagged as city within the city, MBR City will become the new Downtown of Dubai. To-date it has not yet been fully developed, however with Dubai’s history of delivering results and paving ways to innovative changes, backed by certain economic stimulus and strong government support, the community is showing good prediction reports with market trends expected to go upward. This means that it will create a high demand in the market, both primary and secondary, for the next two years. ZERO TAX A property investment without paying taxes on rental income and capital gains is a win-win situation. Dubai is a tax-free Emirate, making it one of the hotspots for investments for both foreign and local investors. Properties in Dubai have zero tax, and this makes it one of the cheapest cities for property investments globally. Residential properties in MBR City

What’s new in Dubai in 2020

As the world came to a halt and the global economy tumbled into a spiral downturn brought about by the Covid-19 pandemic, the situation did not discourage Dubai and Ellington Properties to push forward and create better experiences for visitors and customers, as well introducing new places and concepts to visit and experience. New Destinations for families delivered While the concept of travelling for leisure might be far-fetched and unsafe, Dubai residents wake up each day with new things to discover and explore because Dubai has a habit of setting new standards and thrives along even with the uncertain times. Nakheel Mall A shopping destination in the heart of Palm Jumeirah, the mall features dining, retail, leisure and entertainment options for families with a stunning view of The Palm. Directly connected to the Palm’s monorail station, the mall is conveniently accessible to all residents and visitors. Hatta Wadi Hub Situated in the Dubai-Hatta Road, it offers a refreshing and mountainous escape to adventure seeking residents. It has a diverse offering of mountain biking rides, hiking activity, archery and trampoline jumping. The nearby Hatta Heritage Village also offers a trip down the Emirates historical lane, while the neighboring Hatta Dam calls for a kayak adventure. Al Shindagha Museum Nestled along the waters of Dubai Creek, the museum speaks of Dubai’s rich history and culture. Featuring an interactive tour of videos, photographs and artefacts, the museum showcases the development of Dubai from a fishing village to a mega hub. UPCOMING LIFESTYLE DESTINATIONS FOR THE COMMUNITY Dubai is unstoppable and not even a pandemic can stop the city from its remarkable transition from a city of backwater to a modern city driven by innovation. Dubai continues to emerge and introduce positive trends in the global scenario with the expected delivery of additional lifestyle and architectural landscapes in the region. Museum of the Future The most awaited iconic structure in Dubai. Located just right off Sheikh Zayed Road within close distance to Downtown Dubai, the museum will feature a research centre, labs, classrooms and space for visitors to experience new technologies and will serve as a capital platform for future innovations. Mohammed Bin Rashid Library Launched in 2016, the library is expected to welcome avid book readers and research enthusiasts this year with a design that will resemble an open book. A newest addition to Dubai’s amazing architectural landscape, the library will feature more than 4 million books and a collection of documents, references, articles, newspapers and publications. Ain Dubai The crown jewel of Bluewaters Island in JBR, the Ain Dubai will be the world’s tallest observation wheel of over 250-metre high and offers a 360-degree view of Dubai skyline and the coast of Palm Jumeirah. Zombie Apocalypse Park Located in the Night Market in Deira, the park will be a giant 65,000 square foot entertainment zone perfect for thrill-loving kids. Tagged as one of the biggest zombie-themed parks in the world with 12 attractions including a haunted house, archery, trampolines, target shooting and zombie apocalypse attack. WHAT’S NEW FROM ELLINGTON PROPERTIES Moving ahead with big developments this year, when it comes to Dubai Properties, Ellington Properties has its own share of news in 2020. Near completion of DT1 in Downtown Dubai DT1, the flagship project of Ellington Properties in Downtown Dubai, with its edgy and slick modern designs are set to handover luxury apartment units to its homeowners this year. DT1 will open its doors to residents and investors with a unique proposition in one of the best communities in Dubai. With its award-winning architectural design and modern finishes, homeowners will expect a brand-new apartment with beautiful interior finishes and spacious layouts designed with maximum space utilization. The homes feature laminated and lacquer details with elements of concrete, Corten steel and wood. The kitchen comes with a built-in Miele appliances, under mount sinks and creative joinery details. The residential tower will feature a state-of-the-art gym, podium-level leisure and lap pool and the much anticipated DT1 Art Gallery. Close to Burj Khalifa and Dubai Mall, DT1 will be one of the most exquisite additions of residences in Downtown Dubai in 2020. Delivering homes in Eaton Place, Jumeirah Village Circle With the start of handover in Q4 2019 till-date, homeowners of Eaton Place are enjoying their brand-new apartments and getting all the indulgence of modern living from the resort-style amenities. A place for the family, Eaton Place is one of the newest self-sustained residential communities in JVC. The landscaped garden in the center of the residential block is ideal for afternoon walks with the pets or a place for lounging, while the swimming pool has a dedicated lifeguard on duty keeping in mind the kid’s safety. The gym doesn’t miss its share of contemporary touch with its state-of-the-art equipment perfect for the fitness-savvy, while the apartments come with a fully equipped kitchen, plenty of storage spaces and spacious balconies for outdoor experiences. The handover of Eaton Place marks another milestone for Ellington Properties, and is the fourth residential project that has been handed over in JVC. Already setting benchmarks in the neighbourhoud, Eaton Place is a great addition from the collection of apartments in Jumeirah Village Circle. Expect more news about our award-winning Dubai real estate projects in the coming months.

The art of living well in Downtown Dubai

Downtown Dubai is the birthplace of Burj Khalifa, the most incredible part of the Dubai skyline, and home to upscale hotels and restaurants, luxurious residences and shopping centres. It is the central borough for business and leisure in Dubai. Well-connected to both the Northern and Southern part of the town, Downtown Dubai is the heart of the city and the most iconic neighbourhoud in Dubai. The Destination Billed by its famous tagline, “the centre of now”, Downtown Dubai is one of the major communities that offers a mix of residential, hospitality and commercial activities. The most vibrant location in the city, providing an unparalleled metropolitan lifestyle with world-class infrastructures, skyscraper hotels, famous entertainment hubs and fashion retails. It has become a major destination in the Middle East and has paved its way to global recognition as the centre of Dubai, where everything happens. Located beside Sheikh Zayed Road, the city’s major and busiest highway, it is very accessible to all major communities and regions of Dubai, and adjacently situated to two business districts, Dubai International Financial Centre and Business Bay. A self-sustained community, and home to exclusive residential complexes, Downtown Dubai community offers luxury apartments in Dubai with high-end amenities perfect for young professionals and families that are looking for an abundant lifestyle experience. Ellington Properties in Downtown Dubai Ellington Properties, as one of the top real estate companies in Dubai, driven by its vision and commitment for delivering premium homes that creates exceptional lifestyles has developed an impressive collection of apartments for sale in Downtown Dubai from its award-winning residential high-rise project. DT1 is located between Burj Khalifa Boulevard and Mohammed Bin Rashid Boulevard, with a visual connection to Burj Khalifa, Boulevard District, Business Bay & Sheikh Zayed Road. The location makes the development very prominent with the views and the luxury lifestyle it provides to its residents. The amenities are directed to take advantage of the mesmerizing views of the Dubai Skyline. A true classic among the exclusive residences in Downtown Dubai. Residences at DT1 Designed from the ‘inside-out’, the approach towards the architecture of DT1 places emphasis on the expression of unique residences wrapped with an understated luxury. DT1 is a residential tower with an edgy and slick statement on the urban qualities of Downtown Dubai. Tailored and sophisticated, the feel is very much a mix of concrete, Corten steel and wood. The colour palette is very neutral and raw, evoking a sense of modern sophistication that is more human scale than the other towers in the area. DT1 speaks of emotions with colours and scents that are gentle, sensitive and pleasing without overdoing it. Going by the mantra of “elevating the art of living well”, it suggests a truly distinct lifestyle incorporating modern design items and amenities in subtlety, yet very well-thought out. The amenities of DT1 speaks for itself, with the leisure and lap pool overlooking the beauty of the area, take a dip in the morning and witness the hustle and bustle of the city, or a plunge at night and see the majestic display of lights from every intersection along the avenues. The expansive contemporary gym with full-floor windows doesn’t miss its share of the views of Downtown, enjoy an invigorating work-out while watching the Burj Khalifa stand out among the sea of clouds. Taking pride of place on the Ground Floor at DT1, is the well-anticipated Ellington Art Gallery that will feature specially curated, contemporary art exhibitions and will provide art lovers and visitors compelling cultural experiences through various exhibits. The Ellington Art Gallery will be an addition to the cultural showcase in Downtown Dubai and will enhance the residents experience for refined lifestyle. DT1 Experience and Lifestyle Nestled between the Burj Khalifa Boulevard and Mohammed Bin Rashid Boulevard, DT1 offers plenty of social and dining options at your doorstep. It is the ideal address for business-minded professionals and high-earning individuals that fancies the glitz and glamour of the city. Downtown Dubai community is known as the residential address for the most eclectic individual and attracts residents with multicultural backgrounds who seek the best of urban living. Mohammed Bin Rashid Boulevard, well-known for its mix of local and international restaurant-lined strip and chic cafes, offers a wide array of retail and dining options from fine-dining to eateries and has the best restaurants in Downtown Dubai. Along the boulevard, are some of the world’s top hotels that houses the best bars in Downtown, as the community also offers an eccentric nightlife. Nestled in the central spot, Downtown Dubai is a major tourist destination with its landmark offerings, and entertainment facilities from opera houses, massive cinema complexes, theme parks, ice rinks and aquatic activities. Landmarks Downtown Dubai houses the best landmarks in the city, from modern architectures to stunning skyscrapers, it has a fine collection of picturesque landmarks that is worth seeing for. Burj Khalifa – the world’s tallest building, it has become the symbol of Dubai and is a place for major events in the city, featuring iconic displays of lights and majestic firework shows. Dubai Mall – one of the world’s largest shopping malls boasts over 1,200 shops and entertainment experiences, provides an ultimate family getaway featuring massive ice rinks, aquarium and underwater zoos, and kids theme parks. Dubai Fountain – the world’s largest musical fountain located in the center of a manmade lake; it attracts visitors from all over the world with its choreographed performances. Dubai Opera – an international destination for world-class performances of arts and productions, Dubai Opera features classic musical theater, dance and live concerts stage. Souk Al Bahar – Arabic style shopping centre, a call of classic and tradition amid the contemporary offerings of Downtown, it features waterfront dining spots and a cluster of lifestyle stores from antiques, carpets, jewelries and handicrafts. Being the heart of Dubai, it is also within close distance to other major landmarks such as: Dubai Frame Dubai Canal Museum of the Future Dubai International Financial Centre Dubai World Trade Centre Habtoor City City