Month: March 2024

D&B Properties advocates that Dubai real estate investors explore off-plan property sales as a strategic approach to optimize their returns.

In light of the remarkable expansion within the city’s real estate market, property values are scaling unprecedented heights, the firm highlighted.

Even amidst a surge in new property developments, the persistent strength in demand signifies a promising window of opportunity for investors keen on leveraging the potential of the off-plan market.

Here are some of the key advantages associated with investing in off-plan properties:

1. Potential for a lower entry point: Off-plan properties are frequently priced more affordably than finished developments, offering investors an opportunity to enter the market at a more accessible price point.

2. Flexible payment options: Many developers provide flexible payment plans that distribute the investment cost over time, enabling investors to better manage their financial commitments.

3. Increased potential returns: As the property approaches completion and its market value appreciates, investors can anticipate substantial returns on their initial investment.

Dubai’s real estate sector shows no signs of deceleration. With its advantageous geographical location, thriving economy, and continuous infrastructure advancements, Dubai remains an immensely appealing destination for investors.

By seizing opportunities within the off-plan market, investors position themselves to capitalize on the sustained growth of the real estate sector.

Source: Arabian Business

Dubai has unveiled plans for a groundbreaking environmental initiative, setting its sights on a significant expansion of green spaces and a prominent position among the top-10 sustainability-driven cities by 2033.

Under the leadership of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the establishment of the Dubai Environment and Climate Change Authority has been decreed. This strategic move aims to propel sustainable practices across various sectors, safeguard biodiversity, and amplify the presence of natural reserves and verdant havens throughout the emirate.

This visionary endeavor is poised to lay a robust groundwork for a thriving green economy while elevating Dubai’s stature in the global campaign against climate change.

The newly formed Environment and Climate Change Authority is dedicated to advancing the environmental aspirations of the emirate. It pledges to double Dubai’s green cover by 100% and bolster the expanse of protected areas and natural reserves by 60% come 2040.

Source: Arabian Business

Meet Alnur Azken, our stellar sales manager, whose professionalism and extensive experience in the real estate industry propel our team to great heights. Formerly in the advertising business, she has seamlessly transitioned to Object1, drawn by its abundant growth prospects and career opportunities. Alnur is particularly impressed by the company’s commitment to delivering European-quality service to its customers.

Anticipated moderation in Dubai’s real estate rental growth for 2024 due to a surge in new property supply. Savills Middle East projects over 20,000 residential units to be completed this year, following 47,000 launches in the previous year. 

With more than 50% of new projects concentrated in Dubai South East, significant price growth is unlikely citywide. Due to the upcoming supply influx, rental growth is expected to slow in select peripheral areas. 

Despite this, rents are not expected to decrease but rather stabilize with improved housing supply, keeping demand healthy amidst Dubai’s economic growth and expatriate workforce.

Source: Arabian Business

The construction of the underground floor of V1TER Residence is in full swing, and our builders are working diligently to advance the building process as swiftly as possible! 

Major sub-structural tasks, including shoring and piling, have already been completed, and we are now actively engaged in excavation and waterproofing. 

Technical Director Muaffak Abdulah Hmedi closely monitors every stage of the construction, frequently visiting the site and expediting the process!

The UAE has clinched the top spot in the ‘Strong and Stable Economy’ category, affirming its economic prowess. Additionally, it has maintained its 10th position in the Brand Finance Soft Power Index 2024 for the second consecutive year, making it the sole Gulf nation in the global top 10 soft powers.

This recognition unfolded at the annual Global Soft Power Summit in London, underlining the UAE’s consistent excellence on the world stage.

The country’s remarkable achievement underscores its remarkable economic growth and diversification model. This success is attributed to the adept strategies and judicious decisions implemented by its leadership in recent years.

Notably, the UAE has significantly reduced its reliance on oil revenue, strategically fostering the expansion of diverse sectors like tourism, technology, renewable energy, and financial services. This diversification not only fortifies the economy against oil price fluctuations but also opens up new avenues for growth and progress.

Remarkable data from 2023 reveals a substantial surge in the UAE’s non-oil foreign trade, reaching an unprecedented Dh3.5 trillion. This milestone was achieved despite the global downturn in international trade, showcasing the resilience of the UAE’s economy. The country is also home to a burgeoning number of major international companies and promising firms spanning various sectors, solidifying its position as a global economic player.

Source: Khaleej Times

Object 1 consistently prioritizes open dialogue and delivers professional customer care. This commitment has led us to introduce a new feature called “Ask the Expert.” Through this platform, our team of experts across various fields will showcase their expertise and address your inquiries.

In today’s video, you’ll gain insights into the construction progress of the RA1N Residence project. Muaffak Abdulah Hmedi, the Technical Director of the project, will share his experiences working in Dubai, discuss the construction stages, and provide details directly from the construction site.

Of utmost significance, we’re proud to announce that our first and signature project, RA1N Residence, is progressing according to schedule, with the completion of the 10th floor already achieved.

The Object 1 team comprises professionals, each valued and unique in their own right. Through our “Meet the Team” series, we aim to showcase the stories of these individuals, who are the backbone of our company, allowing you to witness firsthand their distinctiveness and professionalism.

Today, we’re delighted to introduce Eddy Nemri, who leads our international sales department. Eddy oversees a team of more than 10 sales managers, leveraging his 7 years of experience in architecture to drive success. Additionally, Eddy is proficient in multiple languages, including Arabic, French, English, Italian, and Russian. In his interview, Eddy will delve into his personal background and elaborate on his pivotal role within the company.

Another shining star at Object 1 is Islam Gasanov. Serving as the head of international sales, he specializes in the Chinese investor market. His leadership and the combined efforts of his team play a crucial role in propelling the growth of our company.

In his interview, Islam will discuss his team dynamics, share insights from his experience, and elaborate on the qualities he deems essential for a successful sales manager.