Dubai real estate: The gate keepers
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Wed June 14, 2017 3:40 pm

UAE. Gated communities have become a popular phenomenon within cities for a cornucopia of factors that include safety, status, and amenities. These communities trade at a premium compared to their non-gated counterparts as can be witnessed in various countries around the world i.e. England, United States and South Africa.

In the United States the popularity of gated communities has grown to the point, where gated developments account for roughly 11% of new housing supply. 

Since the creation of freehold in Dubai, gated communities have proliferated across the city. In the villa housing stock, 37% of units are in gated freehold communities. The non-gated communities are predominately in leasehold areas such as Jumeirah, Al Wasl and Al Sufouh.

Given the fact that freehold is still a relatively recent phenomenon, it is astonishing how gated communities have come to dominate the landscape of the city. This trend is likely to continue, making it likely that gate communities in Dubai will be a much higher percentage than in comparable first world cities.  
 
In Dubai, the premium for freehold communities is synonymous with gated communities; where freehold buildings have come up in leasehold areas, rental and price rates have gone up.
 
This premia is expected to lead to a "gentrification" of communities as Dubai continues on its aggressive pace of urban development. Better zoning and master planned communities will be able to distinguish with higher per square footage rates as these preferences are baked into the price.
 
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http://blog.reidin.com/dubai-the-gate-keepers/

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About Unitas
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MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 21, 2017
UAE. As the population growth rates increase, not only are fears of over supply unfounded, rather there is a significant possibility of sustained under supply as Dubai continues its expansion plans towards achieving its goals of the World Expo 2020 and beyond.
date:Posted: August 21, 2017
UAE. According to MEED Projects, just US$56bn worth of contracts were awarded in H1 2017 compared with US$69bn over the same period in 2016; Long-term prospects bright with over US$2 trillion of known active projects in the pipeline across the GCC.
date:Posted: August 18, 2017
UAE. As many as 292 tenders with an estimated value of US$9.5 billion were awarded in Q2, while the total value of urban construction project awards set to reach US$50.9 billion in 2017, according to BNC Network.
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