Cityscape Global Conference, 21-23 September 2014, Dubai World Trade Centre, Dubai, UAE

The Empire Prestige team is looking forward to attending the upcoming event of CityScape Global Conference in Dubai – September 21 – 23, 2014.

CityScape Global Conference are the annual meeting point for real estate investors, developers, regional and city investment promotion authorities, architects, property designers and other real estate professionals to drive growth in emerging markets of real estate investment and development across globally. Above 25,000
participants, Cityscape is the annual opportunity to build and maintain your presence across Middle East real estate markets.

Visit Event Website

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Studio Apartment for Sale in Dubai Downtown

This luxurious 1 bedroom studio apartment for sale and is ideally located in the Downtown, Downtown Dubai Mall. Its cover total area of 802 sq ft, this unit offers mall view and partial fountain view to begin with.

Studio Apartment for sale in Dubai
Studio Apartment for sale in Dubai

Bedroom is very attractive and have built-in wardrobes and stylish bath. Fitted good quality appliances and cabinets. This facility ensures the luxury and comfort to the residents. The  breathtaking dining and living area gives you a place for relaxation and recreation. Reserved parking space is available. The balcony is used to unwind its beautiful surroundings.

All serviced residences are offer full housekeeping service with 24 hour security and personal fashion adviser service on request. Visitors also have have a wealth of facilities at their disposal including a dining options as well as an exclusive access to our completely prepared Fitness Center and swimming pool

Property Details:

Studio Apartment for sale in Dubai
Studio Apartment for sale in Dubai

1. Property Size : 802 Sqft
2. Price AED 2,800,000
3. 1 Bedroom
4. Fully furnished

Amenities:

1. Balcony
2. Built in wardrobes

Studio Apartment for sale in Dubai
Studio Apartment for sale in Dubai

3. Covered parking
4. Fully furnished
5. Shared swimming pool
6. View of sea/water
7. Metro station
8. Public transport
9. Restaurants
10.Shopping mall
11.Shops

2 Bedroom apartment with terrace in Palm Jumeirah for sale

This lovely 2 bedrooms apartment is ideally located in Palm Jumeirah, Marina Residence 2, one of the Dubai’s most renowned addresses and is available for sale. Total Build up area of 1981 sq ft. with private and a big size of terrace.

2 Bedroom apartment for sale in Palm Jumeirah
2 Bedroom apartment for sale in Palm Jumeirah

Palm Jumeirah is the first completed island and today has over 40,000 residents. These are well known as the ‘eighth wonder of the world’. These island has doubled the existing coastline and will also double the number of beachfront hotels in the Dubai.

Marina Residences is a residential building and located at the heart of The Palm Jumeirah which is the Dubai’s most celebrated landmarks and a great tourist attraction. This offer panoramic marina and island views spanning the Arabian Gulf and Dubai coastline.

Property Details

2 Bedroom apartment for sale in Palm Jumeirah
2 Bedroom apartment for sale in Palm Jumeirah

1. Plot Size 1981.00 m2
2. Price AED 3,000,000
3. Number of Bedroom 2
4. Number of Bathrooms 2
5. Private big size of terrace

Amenities

2 Bedroom apartment for sale in Palm Jumeirah
2 Bedroom apartment for sale in Palm Jumeirah

1. Basement parking
2. Built in wardrobes
3. Central air conditioning
4. Fully fitted kitchen
5.Jacuzzi
5.Sauna
6.Shared swimming pool
7.Steam room

2 Bedroom apartment for sale in Palm Jumeirah
2 Bedroom apartment for sale in Palm Jumeirah

8.Children’s play area
9.Restaurants
10.Shops

Commercial Office Space for Sale in Dubai

This elegant office space for sale is ideally located in one of the Dubai’s most

Commercial Office Space for Sale in Dubai
Commercial Office Space for Sale in Dubai

renowned business hubs location, Jumeirah Lake Towers, Jumeirah Bay X2 Tower with options to buy multiple units to meet your requirements. Total covering an area of 1138 sq ft with some excellent amenities and view of golf course and Sheikh Zayed Road.

These Jumeirah bay X2 tower is surrounded by the lakes, waterways and landscaped gardens and easy access to Sheikh Zayed Road.

Property Features:

Commercial Office Space for Sale in Dubai
Commercial Office Space for Sale in Dubai

1. Plot Size 1138.00 m2
2. Price AED 1,252,735
3. Elegant entrance lobby
4. Architectural elevations
5. Spacious terraced areas
6. Six large lifts including one service lift
7. Attached pantry and washroom in every office
8. Flexible office plan to meet your requirements
9. Intelligent utilization of space to maximum usage
10. Controlled building and parking access
11. Coffee shop with large outdoor terrace

Commercial Office Space for Sale in Dubai
Commercial Office Space for Sale in Dubai

11. Two levels of retail space overlooking the lake

Amenities :

1. Basement parking
2. Central air conditioning
3. On high floor
4. Public transport
5. Restaurants
6. Shops

Apartment for Sale in Dubai | Residential 1 BR Apartment

We are offering One bedroom apartment for sale  situated in the heart of Dubai Sport City, Rufi Twin Towers offers a heaven of luxury and comfort within a vibrant setting.

Theses 18 story commercial as well as residential tower are  combine with 10 shops and 540 apartments with Studio One, Two and Three bedroom options.

Property Details
1 En-suite Bedroom Apartment

Bedrooms: 1
Bathrooms: 1
View:  Canal view
Size:  895.00 SqFt
Price / SqFt: 614 AED ( 550,000 AED )
Ready By:  May 31, 2015
Covered parking: 1
Building:  Rufi Twin Towers
Amenities: Central A/C Heating , Shared Pool , Shared Gym , Security , Covered Parking , Built in Wardrobes , Built in Kitchen Appliances

Contact us for Viewings
Empire Prestige Properties
RERA ORN: 11928
Address: 1102B, Business Central Towers, DMC, Dubai
Email: empirepropertiesdubai@gmail.com

Property Images :

Apartment for sale in Dubai
Apartment for sale in Dubai
Apartment for sale in Dubai
Apartment for sale in Dubai
Apartment for sale in Dubai
Apartment for sale in Dubai
Apartment for sale in Dubai
Apartment for sale in Dubai

Residential Properties for Rent in Dubai

Welcome to the Empire Prestige Properties. Following properties are available for rent in different location of Dubai, U.A.E.

1. 4 Bedroom Villa for rent in Falcon City

4 Bedroom Villa for rent in Falcon City
4 Bedroom Villa are available for rent in Falcon City

Property Details
Number of Bedrooms : 4
Total Area : 5500 Sq. Ft.
Rent :AED 210,000/Per Year
Condition : Unfurnished / Vacant
Location : Falcon City, Sheikh Mohammed Bin Zayed Road, Dubai

2.  One Bedroom Apartment for rent in Burj Al Nujoom Downtown

1 Bedroom Apartment for rent in Burj Al Nujoom Downtown
1 Bedroom Apartment for rent in Burj Al Nujoom Downtown

Property Details
Number of Bedrooms : 1
Total Area : 850 Sq. Ft.
Rent :AED 103,000/Per Year
Condition : Unfurnished / Vacant
Location : Burj AL Nujoom Downtown, Dubai

3.  One Bedroom Apartment for rent in Reemram

1 Bedroom Apartment for rent in Reemram
1 Bedroom Apartment for rent in Reemram
2 BR Apartment for rent in LA Riviera Dubai Marina
2 Bedroom Apartment for rent in LA Riviera Dubai Marina

Property Details
Number of Bedrooms : 1
Total Area : 800 Sq. Ft.
Rent :AED 55000/Per Year
Condition : Unfurnished / Vacant
Location : Reemram, Dubai

4.  Two Bedroom Apartment for rent in LA Riviera Dubai Marina

Property Details
Number of Bedrooms : 2
Total Area : 1000 Sq. Ft.
Rent :AED 120,000/Per Year
Condition : Unfurnished / Vacant
Location : LA Riviera Dubai Marina

5.  Two Bedroom Apartment for rent in Botanica Tower Dubai Marina

2 Bedroom Apartment for rent in Botanica Tower Dubai Marina
2 Bedroom Apartment for rent in Botanica Tower Dubai Marina

Property Details
Number of Bedrooms : 2
Total Area : 1298 Sq. Ft.
Rent :AED 140,000/Per Year
Condition : Unfurnished / Vacant
Location : Botanica Tower Dubai Marina

6. One Bed Room + Maid Villa for rent in Jumeirah Village Circle

1 Bed Room + Maid Villa for rent in Jumeirah Village Circle
1 Bed Room + Maid Villa for rent in Jumeirah Village Circle

Property Details
Number of Bedrooms : 1 + Maid
Total Area : 1636 Sq. Ft.
Rent : AED 95000/Per Year
Condition : Unfurnished / Vacant
Location : Jumeirah Village Circle
Amenities: Maids Room, Central A/C Heating, Built in Wardrobes,Pets Allowed, Covered Parking ,Built in Kitchen Appliances

Call us for Viewings
Empire Prestige Properties
RERA NO: 11928
Address: 1102B, Business Central Towers, DMC, Dubai
Office phone no: +971 4 441 6373
Office fax no: +971 4 4415813
Email: empirepropertiesdubai@gmail.com

 

Rents falling in Dubai freehold communities

Latest RERA rent index update shows that rental declines Downtown across all categories of apartments in Dubai.

Downtown Dubai, an upscale community, is witnessing rental are declines across all categories of apartments – studios, One or Two Bed units.
Studio apartment rates are decrease from 6.25% to 7.14% as per the final index update with rents ranging between Dh65,000 and Dh75,000 PA.

Rental of One-bed units are available from Dh90,000 to Dh110,000 PA have decrease rent from 8.33% to 10%, while Two bedroom apartment, renting from Dh160,000 to Dh190,000 PA have decrease rent from 5.88%.

The rents for One and Two bedroom apartment in Dubai Marina remain stable at Dh90,000 to Dh120,000 PA and Dh140,000 to Dh170,000 PA but stdio apartment rents fall down by 6.675 to 8.33%.

Dubai’s ‘affordable communities’ are also witnessing a decline in rents.

International City : Studio apartment’s rent are decrease by 12.5% to Dh20,000 to Dh35,000PA, while 2 Bedroom apartment’s rent fall by 8.33% with lease rates between Dh45,000 and Dh55,000.

Discovery Gardens : Studio apartment’s rent are dropped by 10% to Dh40,000 to Dh45,000PA, while 1 Bedroom apartment’s rent fall between 7-8.5% with lease rates between Dh55,000 and Dh65,000. 2 bedroom remained steady at Dh70,000-85,000 PA

Remraam : Studio apartment’s lease rates dropped between 11 and 12.5% to Dh35,000 to Dh40,000 PA. 1Bedroom  remain unchanged between Dh45,000 to Dh55,000 PA.

Business Bay, Jumeirah Lakes Towers, and Dubai Silicon Oasis : Only 2 bedroom apartment rates are decrease from  6.27% to 14.28% with lease rates are available between Dh60,000 and Dh75,000 PA.

Business Bay : Lease rates rates for studios, One and Two bedroom apartments remained between Dh60,000-Dh70,000 PA, Dh80,000-Dh100,000 PA and Dh120,000-Dh140,000 PA, respectively.

In JLT : Rents for studio, one- and two-bed units continued to be around Dh55,000-75000 pa, Dh80,000-Dh100,000 pa and Dh120,000-Dh150,000 pa, respectively.

Dubai Silicon Oasis : Rates for studios, One and Two bedroom apartments remain at Dh35,000-Dh40,000 pa, Dh50,000-Dh60,000 pa and Dh60,000-Dh75,000 pa, respectively.

RERA, the regulatory arm of Dubai Land Department, updates the rent index thrice in a year.

If your contract is coming up for renewal, you can check the maximum increase allowed by the law through the rental index calculator, which applies the rent decree issued in 2013.

The Decree, No 43 of 2013 now sets a specific band for maximum rent increases that a landlord can demand at the time of renewing leases. The decree is applicable to private and public sector owned properties in Dubai, as well as within the free zones.

No rent increase if the rent of the property unit is less than 10 % of the average rent of a similar property in the same residential area.

If the rent value is between 11% and 20% less than the average rent of a similar property, the maximum rent increase shall be equal to 5% of the rent value.

If the rental value of a unit is between 21 and 30% less than the average rent of a similar unit, the maximum rent increase shall be equal to 10% of the rental value.

If the rental value of a property is between 31 and 40% less than the average rental of a similar property, the maximum rent increase shall be equal to 15% of the rental value.

If the rental value of a property unit is less than 40% or more of the average rent of a similar unit, the maximum rent increase applicable is of 20%.

The average similar rental value of the property will be determined by the Rera’s rent index.

Reference: Emirat24|7

UAE Central Bank fixes early home loan repayment charge at 1% of total outstanding

Or a maximum of Dh10,000, according to a senior Dubai banker
If your home loan contract in the UAE may define early repayment charges of around 2 and 4 % of the remarkable sum, you won’t be paying these charges at that rate any more.

The UAE Central Bank has now fixed early home loan repayment charges at one per cent of the total outstanding, or a maximum of Dh10,000,  by top banking sources

“The UAE Central Bank has put the early repayment charges for mortgage at 1 per cent of the outstanding amount or Dh10,000, whichever is lower,” a senior banker at a Dubai-based bank told this website.

In 2013, the Central Bank announced that it was limiting the amount of cash that homebuyers could borrow as it took the step to cool down property prices and curb speculation.

In 2013, Dubai’s property prices rose by over 20 % which is the quickest pace within the world,  while Abu Dhabi also saw prices rise by over 15%.

The mortgage cap restricted loans to expatriates and Emiratis at 75% and 80 % of a property’s worth, respectively, if it was worth less than Dh5 million.

For a property that was over Dh5 million, the limit was set at 65 % and 70 %, respectively.

The maximum period of the mortgage was limited to 25 years with the maximum age at the time of the last repayment was put at 65 years for expatriates and 70 years for UAE nationals.

The mortgage cap for second purchases was set at 60 per cent of a property’s value while mortgages for off-plan properties were limited to 50 per cent.

Besides, home buyers were not allowed to seek personal loans or use their credit cards to make any down payment requirements for property purchase.

Houses and Villas For Sale in Dubai

Esmeralda Village is a largest village in Victory Heights and stretches the entire bottom length of the community.  Its walkways, jogging trails and lush areas that weave through the community providing lots of green belt areas for children to play. There are total 210 villas in this village ranging from 4 Bedroom townhouses and villas to 5 and 6 Bedroom villas.The property is a 5 bedroom plus maids, Type C1 Esmeralda,  European Style Villa,  it has the built up area of 4400 Sq ft.  with the view of the garden. Fully Landscaped.

Property Details:

Number of Bedrooms :  5
Number of Bathrooms :  6
Total Area :  4400 Sq. Ft.

Amenities :
Community Gyms – Community Pool – Community Parks – Community centers – Community retail – Golf Clubhouse – Swimming pools – Outdoor pool – Kids wading pool – Lighted walking trails – Bike trails – Playground – Children day care – Sports academies – Mosques – Schools

Image Gallery

Villas for Rent in Dubai
Villas for Sale in Dubai