Spacious Two Bed at Affordable Rent

AED 135,000 /Year

  • 2 Bedrooms
  • 3 Bathrooms
  • 1626 SqFt
  • Unfurnished
  • Reference ID
  • Richtown-R272
  • Property type
  • Apartment
  • Rental Period
  • Year
  • No of parking spaces
  • 1
  • Property developer
  • AVAILABLE

Amenities

  • BALCONY
  • BASEMENT PARKING
  • BUILT IN WARDROBES
  • CENTRAL AIR CONDITIONING
  • SAUNA
  • SHARED SWIMMING POOL
  • SECURITY
  • SPA
  • SHARED GYM
  • WALK-IN CLOSET
  • HEATING

Description

Two Bedroom apartment in Sheikh Zayed Road

Property Details:
– Tow Bedroom Apartment
– 11th Floor
– Master Bedroom with En-suite Bath and Wardrobes
– Kitchen with built-in cabinets
– Total Area: 1,626 sq.ft.

Annual Rent: AED 135,000/-

*NOTE – This property will be vacated on 8th,May 2017
Photos are Just for Illustration

For further assistance on the Property and to arrange viewings, please feel free to call on the below contact:

Alex:

055 596 3159

Location Map

Request a call back
  • RERA Permit Number: 16149
  • DED Licence Number: 636354
  • RERA Registration Number: 2457

+971 55 596 3159

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Property NewsMore News

Dubai’s Damac records $1bn booked sales in H1 2017

The developer recorded $435.5m (AED1.6bn) in net profit, with booked sales valued at $1.1bn (AED4bn).

Total cash and bank balances during the first-half amounted to $2.3bn (AED8.6bn), while gross debt amounted to $1.5bn (AED5.4bn), the company stated in a filing to Dubai Financial Market.

Up to 1,071 units were handed over by the company at the Damac Hills master-development in H1 2017, bringing the project’s total number of delivered units to 3,100.

The company’s Trump International Golf Club Dubai (pictured) was unveiled this February.

Meanwhile, construction of 5,000 villas is underway at Damac’s Akoya Oxygen master community in Dubailand, with works for an additional 1,300 villas scheduled to begin this September.

 

Remarking on Damac’s financial results, Hussain Sajwani, chairman of the company, said: ““The property market in Dubai continues to demonstrate further stabilisation, and our medium- to long-term outlook remains positive as Damac continues to develop innovative products that appeal to both end-users and investors.

“Damac’s strong H1 sales performance can be attributed to continued demand for a number of our projects, including Aykon City, Damac Hills, and Akoya Oxygen.”

14 Aug 2017

Dubai says 88 property projects launched in the first half

DUBAI: The Dubai Land Department (DLD) on Saturday said that a total of 88 property projects were launched during the first six months of the year.
The agency also said that 68 real estate projects were registered with the government, amounting to an investment value worth Dh21 billion (SR21.44 billion).
“Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects,” Sultan Butti bin Mejren, the director-general of DLD, said in a statement.
Bin Mejren also said that 713 developers are registered in agency’s database, alongside a total of 483 projects.
DLD earlier reported that property transactions in Dubai rose by 16.8 percent in the first half to Dh132 billion from Dh113 billion a year ago, with Dubai Marina the top choice in terms of number of transactions, followed by Business Bay, Al Barsha South 4 and Jebel Ali.
The number of total transactions also rose to 35,571 or 25.9 percent higher than 28,251 sales recorded in the year-earlier period.
The first half also saw the completion of 24 projects that had been initiated in previous years, bin Mejren said.
“The figures reaffirm the momentum and sustainability of Dubai’s real estate market, which is following an upward growth trajectory,” he said, aided by the development of big-ticket infrastructure projects and the positive investment climate.

12 Aug 2017

Dubai a ‘rising giant’ of hotel real estate

Dubai: Dubai ranks alongside Beijing, Shanghai, Bangkok and Guangzhou as a rising giant of the global hotel real estate sector, according to a new report from professional services firm JLL.
The report — The Changing Global Landscape of Hospitality — identifies five groups of major markets offering different risks and opportunities for hotel investors and operators.

“The global hotel industry is being reshaped by technological disruption, changing consumer behaviour and new market players,” said Lauro Ferroni, Global Head of Hotels and Hospitality Research at JLL. “This structural shift has encouraged us to rethink how we assess market opportunity and risk, which was one of the driving forces behind this report.”
Global giants account for half of all hotel real estate investment. They have deep concentrations of business and leisure activities and support a large and diverse leisure industry. The list of 9 cities includes London and New York, which together account for 30 per cent of global investment — more than $23 billion over the last three years.
Rising giants such as Dubai are maturing quickly and rival the global giants in size and prestige, but are yet to attract the same level of investor interest. The report notes that Dubai’s supply pipeline “continues to be among the largest in the world, representing 50 per cent of an already substantial market”, but that the pace of supply is having in impact on hotel performance despite increasing demand.

The report suggests Shenzhen, Moscow and Seoul could soon join the rising giants, but that geopolitical tensions and economic headwinds have knocked Istanbul and Sao Paulo out of the group.
Gateway cities such as Amsterdam, Berlin and San Francisco have strong investor interest but smaller scale markets than the giants. They account for about 25 per cent of total global investment. US cities dominate the list of 15 gateways.
JLL defines new world cities as mid-sized, liveable cities with robust infrastructure and economic specialities that allow them to punch above their weight. They include Dublin, Copenhagen, Edinburgh and Seattle.
Finally, emerging hotspots such as Jeddah, Riyadh, Mumbai and Chennai are among the most dynamic hotel markets in the Middle East and South and Southeast Asia.
Hotel market groups
Global Giants: Hong Kong, Las Vegas, London, Los Angeles, New York, Orlando, Paris, Tokyo, Washington DC.
Rising Giants: Bangkok, Beijing, Dubai, Guangzhou, Shanghai.
Gateways: Amsterdam, Atlanta, Berlin, Boston, Chicago, Dallas, Houston, Miami, Munich, Osaka, Phoenix, San Diego, San Francisco, Singapore, Sydney.
New World Cities: Copenhagen, Denver, Dublin, Edinburgh, Melbourne, Seattle, Vancouver.
Emerging Hotspots: Bengaluru, Chengdu, Chennai, Delhi, Hanoi, Ho Chi Minh City, Hyderabad, Jeddah, Kolkata, Manila, Mumbai, Riyadh.

31 Jul 2017

Come build! Dubai eases rules to boost growth

Dubai is a city known for its beautiful skyscrapers and now investors looking to add their touch to the city’s skyline will soon be able to do so, quickly and easily, thanks to a new initiative streamlining access to building permits here.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has approved a new strategy for Building Permit Procedures Development in the city.

Providing a “one-stop shop”, where all the procedures and building permits processes can be completed under one roof, the strategy will help speed up the process of acquiring building permits from government entities concerned.

The main aim of the strategy is to assist investors in the real estate sector and promote Dubai’s booming investment climate and boost growth.

Set up by Dubai’s Committee for Building Permit Procedures Development, the new strategy will further add to the appeal of Dubai, and will no doubt enhance its prominent position as a city where the active building and construction sector plays an important role as a key component of the economic development.

Comprising of three pillars, the first step will relate to developing and streamlining building permit procedures.

The second will hone in on practices related to unifying systems and requirements, while the third will provide a service where all the processes can be completed in one place.

Assistant director-general of Dubai Municipality of engineering and planning, and head of the committee Daoud AbdulRahman Al Hajri said the new strategy reflects the vision of Sheikh Mohammed in aiming to enhance customers’ happiness and save them time and effort to create a stimulating environment.

As for the strategy preparation process, Al Hajri noted that since its formation in February 2017, the committee held several meetings and workshops with the concerned stakeholders to discuss the various details of acquiring building permits.
The committee also formed four teams to conduct detailed researches and studies.

Minimising the Permits steps and timing

The first pillar of the strategy aims to minimise the required time to acquire permits through a new set of integrated steps.

The committee has simplified the procedure to just five steps, through which the involved public authorities can conduct all the inspection tasks through unified teams, while all the concerted departments are required to reply to all the submitted applications within three days for each of the five steps if the consultant and the contractor meet all the requirements.

This is a record time to complete the permit procedures, which will provide a unique customer service.

Unifying building systems and requirements

In order to provide a set of aligned procedures that will be a pillar for the process of acquiring permits during the next stage, the committee is currently working on putting a unified building regulation for Dubai to provide a comprehensive guideline for the customers.

The committee will also register the contracting and consulting companies, after the meeting that it held with the key stakeholders to discuss the features of the new strategy and the benefits it provides to the building and construction sector.

One stop shop for all permit procedures

The strategy focuses on digital and electronic advancement to develop the permitting process though keeping up-to-date with the smart transformation in all Dubai Government entities and departments.

Therefore, it will develop a set of smart electronic systems to build a central unified scheme to provide smart services through one window and on the phone, where customers (consultants, contractors, owners and developers) can follow up on the status of their permit request, pay fees and insurance and book appointments.

The one stop shop will be linked to Dubai Building Permit System, which will be developed to include the requirements of all the authorities involved in the permitting process in Dubai.

12 Aug 2017

Five steps and as little as three days to grab a building permit in Dubai

Sheikh Mohammed bin Rashid, Vice President of UAE and Ruler of Dubai, has ratified a shortened building permit process, helping to further enhance the emirate’s real estate sector.

The strategy, initially announced in February, has five steps requiring all the involved public authorities to reply to submitted applications within three days for each step, dependent upon the consultant and contractor meeting all requirements. The assistant director general of Dubai Municipality of Engineering and Planning, Daoud Al Hajri, said that the committee overseeing the process has formed four teams to revise the process as needed.

One team will work on developing the new building regulations based on customer and company feedback. The other teams will look into licensing of consultancies and contractors, ensuring compliance of building materials, and analysing bids from IT firms to develop an electronic payment system.

The Emirate’s strategy on building permit procedures is based on three pillars: the development and streamlining of permit procedures, bringing together systems and requirements, and providing a “one-stop shop” where the complete permit process from A to Z can be completed.

In the future, contractors and consultancies will have a streamlined building regulatory framework in place providing a comprehensive guideline. This will be executed via an advanced electronic platform, in line with the Smart Dubai initiative.

Part of the emirate’s Smart Dubai initiative is to increase digitisation within government offices. The government released a Dubai data economic impact report earlier this year that said open and shared data had the potential to add more than Dh10 billion to the economy annually. “This estimate includes the impact of publishing and sharing both private and government sector data. That’s an additional Dh4,000 per person added to the economy,” the report said.

 

The government said that by opening government data alone, the added value would be Dh4.3 bn to Dh6.6bn annually as of 2021. “It is clear that the big value drivers of impact for Dubai are the transport, storage and communication sector; the public administration sector; wholesale, retail trade, restaurants and hotels sector; and the real estate sector,” the report said.

12 Aug 2017

VP move to speed up construction in Dubai

DUBAI: Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum approved the new strategy for Building Permit Procedures Development in Dubai. The strategy will ensure speeding up the process of acquiring building permits from concerned government entities to assist investors in the real estate sector.

The new strategy, set up by Dubai’s Committee for Building Permit Procedures Development, aims to enhance Dubai’s prominent positioning as a city where the active building and construction sector plays an important role as key component of the economic development.

The strategy is built upon three pillars, first developing and streamlining building permit procedures, then unifying systems and requirement, while the last one provides a “one stop shop” where all the procedures and building permits processes in Dubai can be completed. The three pillars represent a comprehensive scheme that will ensure speeding the process of acquiring permits in all its stages.

Assistant Director General of Dubai Municipality of Engineering and Planning, and Head of the Committee Daoud AbdulRahman Al Hajri said that the new strategy reflects the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, aiming to enhance customers’ happiness and save them time and effort to create a stimulating environment that promotes Dubai’s infamous investment climate.

As for the strategy preparation process, Al Hajri noted that since its formation in February 2017, the Committee held several meetings and workshops with the concerned stakeholders to discuss the various details of acquiring building permits. The Committee also formed four teams to conduct detailed researches and studies, where the first team works on developing the new building regulations based on the feedback gathered from customers, contractors and consultancies.

The second team’s scope of work includes licensing the consultancy and contracting companies based on standards that will ensure considering the permit’s conditions and requirements, while the third team is concerned with selecting building materials to study its technical specifications and ensure its compliance with the standard specifications then register them. The fourth team will study and analyze the bids submitted by IT companies to develop the intended electronic payment system.

EFFICIENCY

The first pillar of the strategy aims to minimise the required time to acquire permits through a new set of integrated steps. the committee has simplified the procedure to just five steps, through which the involved public authorities can conduct all the inspection tasks through unified teams, while all the concerted departments are required to reply to all the submitted applications within three days for each of the five steps if the consultant and the contactor meet all the requirements. This is a record time to complete the permit procedures, which will provide a unique customer-service.

In order to provide a set of aligned procedures that will be a pillar for the process of acquiring permits during the next stage, the Committee is currently working on putting a unified building regulation for Dubai to provide a comprehensive guideline for the customers. The Committee will also register the contracting and consulting companies, after the meeting that it held with the key stakeholders to discuss the features of the new strategy and the benefits it provides to the building and construction sector.

SINGLE-WINDOW SYSTEM

The strategy focuses on digital and electronic advancement to develop the permitting process though keeping up to date with the smart transformation in all Dubai Government’s entities and departments. Therefore, it will develop a set of smart electronic systems to build a central unified scheme to provide smart services through one window and on the phone, where customers (consultants, contractors, owners and developers) to follow up on the status of their permit request, pay fees and insurance and book appointments. The one stop shop will be linked to Dubai Building Permit System, which will be developed to include the requirements of all the authorities involved in the permitting process in Dubai.

Dubai’s Committee for Building Permit Procedures Development was formed earlier this year in order to leverage the level of customer satisfaction though providing high quality services in building permit requests, and insure speedy processing of building permitting procedures, and enhance Dubai’s competitiveness in the related international reports.

The Committee includes Dubai Municipality, Roads and Transport Authority, Dubai Electricity and Water Authority, The Department of Economic Development, Dubai Civil Aviation Authority, Directorate General of Civil Defence-Dubai, Investment Corporation of Dubai, Meraas Holding, Etisalat, Du, Dubai International Financial Centre, Dubai Creative Clusters Authority, Ports, and Customs and Free Zone Corporation.

13 Aug 2017

Dubai real estate projects worth AED21 billion launched in H1 2017

Dubai Land Department, DLD, has announced that a total of 88 real estate projects have been launched from the beginning of 2016 until H1 2017.

In a statement, DLD confirmed that 68 real estate projects were registered during H1 2017, representing a value of AED 21 billion.

Sultan Butti bin Mejren, Director-General of DLD, said, “Dubai is currently witnessing increasing interest from international investors, which has reinforced confidence in our real estate sector and its future prospects.”

Bin Mejren added that 713 developers are registered in DLD’s database, alongside a total of 483 projects.

Emphasising the vitality of Dubai’s real estate market, bin Mejren explained that since the establishment of the Real Estate Regulatory Agency, RERA, ten years ago, 535 projects of various sizes have been completed, supporting a variety of economic activities in Dubai.

The first half of this year also witnessed the completion of 24 projects that had been initiated in previous years.

The figures reaffirm the momentum and sustainability of Dubai’s real estate market, which is following an upward growth trajectory.

Contributing local factors include the development of ambitious infrastructure projects, and the atmosphere of security and tranquility that continues to define Dubai and the wider United Arab Emirates.

 

12 Aug 2017

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