real estate Archives - Dubai Properties News & Blogs - https://blog.newlaunchproperties.ae/tag/real-estate/ New Launch Properties Mon, 26 Feb 2024 12:06:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 Dubai Metro Blue Line Project 2024 https://blog.newlaunchproperties.ae/dubai-metro-blue-line-project-2024/ https://blog.newlaunchproperties.ae/dubai-metro-blue-line-project-2024/#respond Mon, 26 Feb 2024 12:06:02 +0000 https://blog.newlaunchproperties.ae/?p=7095 The Dubai Metro Blue Line Project has been approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President...

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The Dubai Metro Blue Line Project has been approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. The $4.9 billion project is set to commence construction in 2024, sprawling over a total of 30km in the northeastern region of Dubai.

Dubai’s existing metro network with the Red and Green Lines has been an efficient mode of public transport since its launch in 2009. Dubai maintains its Guinness record as the longest driverless metro network in the world, with a total length of 90km. The current metro network comprises 53 stations with a fleet of 129 trains.

With the introduction of the Blue Line Metro, Dubai is gearing up to provide passengers with a more quick and efficient commute, connecting some of the key areas of the city. The project is set to expand Dubai’s metro network to 131km.

Dubai Metro Blue Line Project

The Blue Line Metro Project is a groundbreaking addition to Dubai’s transport infrastructure. The AED 18 billion project will commence construction in 2024 and is set to be completed in 2029, on the 20th anniversary of the Dubai Metro.

The Blue Line will connect key areas, including Mirdif, Al Warqa, Dubai International City 1, 2 & 3, Dubai Silicon Oasis, Academic City, Ras Al Khor, Dubai Creek Harbour, and Dubai Festival City. The travel time between these destinations is projected to take around 10-25 minutes.

The Blue Line Metro network will stretch over a total of 30km, with 15.5km underground and 14.5km above ground. It will feature 28 driverless trains operating on an electromechanical system similar to the other metro lines.

This mega-project is strategically aligned with the Dubai 2040 Urban Master Plan, preparing the city for a population surge and increased demand for transport and accommodation. The Blue Metro Line is estimated to serve 56,000 passengers daily. This is estimated to reach 320,000 passengers by 2040.

RTA Director-General and Chairman of the Board of Executive Directors, Mattar Al Tayer, highlighted that around one million people residing in areas near the Blue Line will directly benefit from the project.

Dubai Metro Blue Line Stations

The Blue Line Metro will have 14 stations of which 5 will run underground and 9 above ground. It features 3 interchange stations:

  • The Centre Point station on the Red Line
  • The Creek station on the Green Line
  • The Dubai International City station

This integration with the existing Red and Green Lines offers passengers easy access to the Dubai International Airport and other key areas along the metro network.

Dubai Creek Harbour station is set to boast an iconic station designed by the renowned architectural firm Skidmore, Owings & Merrill (SOM). The Dubai International City station is to span an impressive 44,000m², making it the largest underground interchange station in the Dubai Metro network.

A dedicated depot capable of housing 60 trains will be constructed in Al Ruwayyah 3 as part of the project.

Blue Line Metro Route Map

Blue Line Metro Route Map

The Blue Line Metro route consists of 14 stations. The first route starts at the Creek Station on the Green Line, passing through Festival City, Creek Harbour, and Ras Al Khor, before reaching Dubai International City 1 (interchange station). The route then continues towards International City 2&3, Dubai Silicon Oasis, and ends at the Academic City.

The second Blue Line Metro route starts at the CentrePoint station on the Red Line, passing through Mirdif and Al Warqaa and concluding at the Dubai International City 1 station. 

Objectives of the Blue Line Metro Project

The Blue Line is more than just a metro line expansion. It ensures accessibility to passengers to key areas in Dubai. The project also aims to save energy, reduce traffic congestion, and lower carbon emission levels as compared to using private vehicles.

It is also expected to increase tourism in the country as people with limited means will have access to popular areas at a reasonable cost.

According to the RTA, the real estate sector is set to witness a surge in property values by 25% in the Blue Line Metro network. Accessible public transportation will increase upcoming real estate projects in those areas, which will attract investors and developers alike.

Dubai Metro Expansion: Impact on Real Estate

The impact of the metro line expansion extends to various sectors, such as transportation, tourism, and real estate. Developments near metro lines are viewed as promising real estate investment opportunities. There is an increase in property pricing and valuation in such areas. Here are some of the reasons the Blue Line Metro in Dubai is going to boost real estate growth.

Connectivity

The connection to key areas such as International City, Silicon Oasis, and other key business hubs attracts commercial and residential developments. 

Accessibility

Proximity to metro stations has become a key factor for residents. The Dubai Metro Blue Line project will attract professionals and families as it gives them easy access to work and to visit popular attractions.

Infrastructure Development

Expansion of the Dubai Metro promotes new infrastructure developments in the area, including residential plots, schools, parks, hospitals, and so on, enhancing the quality of life for residents and boosting economic growth.

Real Estate Growth

The Metro Blue Line Project is expected to increase real estate prices in key regions. This presents lucrative opportunities for those looking to invest in Dubai real estate.

Attracts Tourists

The expansion of the metro network will increase the city’s appeal to tourists. It helps them to access popular locations with ease. A boost in tourism will lead to an increase in demand for rental homes, becoming a crucial growth element for the real estate sector. 

In conclusion, the Dubai Metro Blue Line project is a catalyst for economic, social, and infrastructural development. The expansion is going to pave the way for a seamlessly connected city and the rise of new launch property developments in the area.

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Shees Park: A Must-Visit Destination for Nature Lovers in Khorfakkan https://blog.newlaunchproperties.ae/shees-park-a-must-visit-destination-for-nature-lovers-in-khorfakkan/ https://blog.newlaunchproperties.ae/shees-park-a-must-visit-destination-for-nature-lovers-in-khorfakkan/#respond Sun, 10 Dec 2023 05:40:53 +0000 https://blog.newlaunchproperties.ae/?p=6979 Are you a nature enthusiast seeking an escape from the hustle and bustle of city life? Look no further than...

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Are you a nature enthusiast seeking an escape from the hustle and bustle of city life? Look no further than Shees Park, a hidden gem nestled in the enchanting town of Khorfakkan. With its breathtaking landscapes, diverse flora and fauna, and tranquil ambiance, this must-visit destination is every nature lover’s dream come true. Whether you’re yearning for a peaceful stroll amidst lush greenery or craving adrenaline-pumping adventures in the great outdoors, Shees Park has something to offer everyone. Join us as we uncover the wonders of this natural paradise and discover why it should be at the top of your travel bucket list!

Introduction: Introduce Shees Park and its location in Khorfakkan

Khorfakkan, a picturesque coastal town located in the eastern part of Sharjah, is known for its stunning beaches and scenic landscapes. Nestled among these natural wonders is Shees Park, a hidden gem that offers visitors a unique and unforgettable experience.

Located on the foothills of the rugged Hajar Mountains, Shees Park is a beautiful oasis of greenery amidst the arid desert landscape. It is situated near Khorfakkan’s old fishing village and overlooks the sparkling blue waters of the Arabian Gulf.

The park covers an area of approximately 100 hectares and is home to a variety of flora and fauna. As you enter through its gates, you will be greeted by lush gardens filled with colorful flowers, swaying palm trees, and towering date palms. The air is filled with the sweet scent of wildflowers, making it the perfect place to escape from the hustle and bustle of city life.

Shees Park also boasts several walking trails that wind through its verdant grounds. These pathways offer breathtaking views of both the mountains and sea, making it an ideal spot for nature lovers and photographers alike. Along these trails, you will come across numerous picnic areas equipped with tables and benches where you can relax or enjoy a meal with your loved ones while soaking in the tranquil surroundings.

History of Shees Park: Discuss the origins and development of this attraction

The history of Shees Park dates back to the early 1900s when it was first established as a small recreational area for the local community in Khorfakkan. The park was initially known as “Khorfakkan Public Garden” and consisted of a few trees and benches, providing a peaceful escape for residents to enjoy nature.

In the 1960s, the government of Sharjah recognized the potential of Shees Park as a popular tourist attraction and decided to expand and develop it further. This marked the beginning of its transformation into the beautiful park that it is today.

One of the major developments in Shees Park’s history was the introduction of an artificial lake in the late 1970s. This added a new element to the park, making it an ideal spot for picnics, boat rides, and leisurely walks around its banks.

Over time, more features were added to enhance visitors’ experience at Shees Park. In 1985, a children’s playground was built with swings, slides, and other play equipment, making it a favorite destination for families with young children. Additionally, several walking paths were constructed throughout the park, allowing visitors to explore its different areas while enjoying stunning views of nature.

In recent years, Shees Park underwent major renovations that further elevated its beauty and recreational facilities. The old buildings were replaced with modern structures housing cafes and restaurants that serve delicious traditional Emirati food and refreshments. There are also designated barbecue areas where

Features and Attractions: Highlight the various features and attractions within the park, such as hiking trails, picnic areas, and panoramic views..

Nestled in the serene town of Khorfakkan, Shees Park is a hidden gem that offers a plethora of natural wonders and recreational activities for visitors of all ages. This picturesque park is spread over an expansive area and boasts various features and attractions that make it a must-visit destination for nature lovers.

Hiking Trails:

One of the main highlights of Shees Park is its extensive network of hiking trails. These well-maintained trails wind their way through lush greenery, offering stunning views of the surrounding mountains and valleys. The park has trails suitable for hikers of all levels, from beginners to experienced trekkers. For those seeking a moderate challenge, the Jebel Jais trail is highly recommended as it takes you through rugged terrain and rewards you with breathtaking panoramic views at the top.

Picnic Areas:

Shees Park also features numerous designated picnic areas where families and friends can gather for a fun-filled day out amidst nature. These picnic spots are equipped with benches, tables, and grilling facilities making them perfect for enjoying a delicious outdoor meal while taking in the beautiful surroundings. Additionally, there are plenty of open spaces where visitors can spread out a blanket or set up their own portable barbecue grill to enjoy a more intimate picnic experience.

Panoramic Views:

The park’s elevated location offers some truly mesmerizing panoramic views that are sure to leave visitors in awe. As you hike or stroll through the park’s pathways, you will be treated to sweeping vistas of the majestic

Natural Beauty: Explore the natural beauty of the park, including its flora and fauna

Khorfakkan’s Shees Park is a hidden gem for nature lovers, offering a unique and stunning display of natural beauty. The park boasts an array of flora and fauna that will leave visitors in awe.

Located at the foot of the majestic Hajar Mountains, Shees Park is surrounded by breathtaking landscapes and panoramic views. As you enter the park, you will be greeted by lush greenery, colorful flowers, and a diverse range of plant species. The park features over 100 different types of plants including indigenous shrubs, trees, and herbs.

One of the main highlights of Shees Park is its beautiful butterfly garden. This enchanting space is filled with vibrant flowers that attract various species of butterflies. Visitors can witness these colorful creatures fluttering around as they enjoy a peaceful walk through the garden.

In addition to the butterfly garden, Shees Park also has a designated area for bird watching. With over 40 different species of birds spotted in the park, it is a haven for bird enthusiasts. From chirping finches to majestic eagles, there is no shortage of avian beauties to admire.

For those interested in learning more about the flora and fauna at Shees Park, guided tours are available upon request. These tours provide visitors with insight into the different plant species found in the park and their significance in the local ecosystem.

Activities for Visitors: Detail the different activities that visitors can participate in at Shees Park,

Shees Park offers a variety of activities for visitors to enjoy, making it an ideal destination for nature lovers in Khorfakkan. Whether you are looking for a peaceful retreat or an adrenaline-fueled adventure, this park has something to offer for everyone. In this section, we will detail the different activities that visitors can participate in at Shees Park.

  1. Hiking and Nature Trails:

One of the best ways to experience the beauty of Shees Park is by taking a hike on its numerous walking trails. The park boasts of several well-maintained trails that wind through its lush greenery and offer breathtaking views of the surrounding mountains. These trails vary in length and difficulty, catering to both beginners and experienced hikers. Along the way, you can spot various species of plants and animals, making it a perfect activity for nature enthusiasts.

  1. Picnicking:

With its picturesque surroundings, Shees Park is an ideal spot for picnics with family and friends. The park provides designated picnic areas equipped with tables and benches where visitors can relax amidst serene natural settings while enjoying delicious homemade meals or snacks. You can also bring your own picnic mat and find a cozy spot under one of the many trees within the park.

  1. Birdwatching:

Shees Park is home to a diverse range of bird species, making it a haven for birdwatchers. Visitors can spend hours observing these beautiful creatures in their natural habitat while listening to their melodious chirping sounds. 

Newlaunchproperties such as Shees Park offer a unique opportunity for individuals and families to invest in a home that combines modern amenities with natural surroundings. With its prime location and luxurious design, these properties are sure to attract both investors and homeowners looking for the perfect balance between urban living and tranquility. Don’t miss out on the chance to be part of this exclusive community – visit Shees Park today and discover your dream home.

Read More-Zabeel Park: A Tranquil Retreat in the Heart of Bustling Dubai

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Legal Insights: Dubai Real Estate Changes in 2023 https://blog.newlaunchproperties.ae/legal-insights-dubai-real-estate-changes-in-2023/ https://blog.newlaunchproperties.ae/legal-insights-dubai-real-estate-changes-in-2023/#respond Sat, 30 Sep 2023 06:47:24 +0000 https://blog.newlaunchproperties.ae/?p=6876 Are you ready to embark on a thrilling journey through ever-evolving new real estate projects in dubai? Brace yourself, as...

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Are you ready to embark on a thrilling journey through ever-evolving new real estate projects in dubai? Brace yourself, as we unveil the latest and most crucial changes in the Dubai real estate laws for 2023. In this blog post, we will be your ultimate guide, equipping you with all the knowledge and insights necessary to stay ahead of the game. From new regulations affecting property ownership to emerging trends shaping investment opportunities, join us as we unravel this captivating world of possibilities. Prepare to be captivated and intrigued by what lies ahead – because in Dubai’s dynamic real estate market, keeping up with changes is not just an option; it’s a necessity!

  • Introduction of Strata Law

One of the most significant changes in Dubai’s real estate laws for 2023 is the introduction of Strata Law. This law aims to regulate common areas and facilities within buildings or communities owned by multiple individuals or entities. It will establish clear guidelines for how these common areas should be managed, maintained, and repaired.

The new law also requires developers to register their projects under a strata title before selling any units. This ensures that all owners have equal rights over common areas and facilities, promoting transparency and fairness in property ownership.

  • Increased Transparency in Off-Plan Sales

In recent years, off-plan sales have become increasingly popular among property buyers in Dubai due to attractive payment plans offered by developers. However, there have been cases where buyers have faced delays or cancellations in delivery from developers.

To address this issue, a new law has been introduced that requires developers to provide more transparency when selling off-plan properties. They must now disclose information such as project completion timeline, progress updates, escrow account details, etc., to potential buyers.

Impact of the New Laws on Buyers and Sellers

The latest Dubai real estate laws have caused a significant impact on both buyers and sellers in the market. These changes have been implemented to create a more transparent and regulated industry, ensuring the protection of all parties involved in real estate transactions. In this section, we will delve into the specific implications of these new laws for buyers and sellers.

  • Impact on Buyers:

  • Increased Protection:

One of the most significant impacts of the new laws on buyers is increased protection. The Real Estate Regulatory Authority (RERA) has introduced several measures to safeguard the interests of property buyers. For instance, developers are now required to register all off-plan properties with RERA before selling them, providing greater transparency and reducing the risk of fraud.

  • Clarity on Payment Schedules:

Under the new laws, developers are obligated to follow a strict payment schedule that has been approved by RERA. This means that buyers can be assured that their payments are being used towards construction progress rather than being diverted elsewhere.

  • Stricter Controls over Developers:

To ensure timely delivery of projects, RERA has implemented stricter controls over developers who fail to deliver projects as per agreed timelines or violate any other regulations set by RERA. This provides relief to buyers who may have faced delays or other issues in past real estate transactions.

Important Terms to Know

As with any industry, the world of Dubai real estate is constantly evolving and changing. It can be overwhelming to keep up with all the latest developments and updates in laws and regulations. However, as a property owner or potential buyer in Dubai, it is crucial to have a solid understanding of the important terms and concepts involved in the real estate market. In this section, we will discuss some key terms that you should know to stay informed about the latest changes in Dubai’s real estate laws.

  • Freehold Property

The concept of freehold property is one of the most significant changes brought about by Dubai’s real estate laws. It refers to properties owned by non-UAE nationals for an indefinite period, allowing them complete ownership rights over their property. This change was introduced in 2002 through Law No. 7, which opened up Dubai’s real estate market to foreigners for the first time.

  • Leasehold Property

Leasehold property refers to properties that are leased from the government for a specified period, usually between 30-99 years. Unlike freehold properties, leasehold properties do not grant full ownership rights to non-UAE nationals but allow them to use and develop the property during their lease term.

  • Escrow Account

An escrow account is a third-party bank account used for holding funds related to a real estate transaction until certain conditions are met. 

Legal Issues to Be Aware Of:

  • Legal Framework for Real Estate in Dubai

Dubai has a well-established legal framework for the real estate industry, governed by several laws and regulations that aim to protect the rights of both buyers and sellers. The most important law is Law No. 7 of 2006, also known as the “Real Estate Regulatory Agency (RERA) Law”, which regulates all aspects of the real estate sector in Dubai.

  • Ownership Rights and Restrictions

In Dubai, non-citizens are allowed to own freehold properties in designated areas called “freehold zones”. These include popular locations such as Palm Jumeirah, Downtown Dubai, and Dubai Marina. However, ownership of properties outside these zones is restricted to long-term leaseholds or usufructs.

Moreover, foreign investors should be aware that they can only own up to 49% of shares in a company owning a property located outside freehold zones. This rule is aimed at preserving control over strategic assets within the Emirate.

  • Escrow Accounts

Dubai’s RERA Law mandates developers to deposit payments received from buyers into escrow accounts until the completion of their projects. This measure ensures that developers use funds strictly for construction purposes and protects buyers from any potential delays or fraud.

  • Construction Laws and Regulations

Developers must comply with strict construction laws and regulations set by government authorities such as Dubai Municipality and RERA before starting any project. These laws cover various aspects such as building materials standards, safety measures

Tips for Navigating the Changes Successfully

Navigating through changes in the real estate industry can be a daunting task, especially with the rapid pace at which laws and regulations are being updated in Dubai. However, it is crucial for individuals and businesses alike to stay informed and adapt to these changes in order to remain successful in this competitive market. Here are some tips that can help you navigate through the latest Dubai real estate laws successfully:

  • Stay Updated: The first step towards navigating through any change is to stay informed about it. This means regularly keeping track of updates and amendments made to the real estate laws in Dubai. You can do this by following reliable sources such as government websites, reputable news outlets, or seeking guidance from legal experts.
  • Understand the Changes: It is not enough to simply know what changes have been made; it is equally important to understand their implications on your business or investments. Take the time to read through the new regulations thoroughly and seek professional advice if needed.
  • Network with Industry Professionals: Networking with other professionals in the real estate industry can provide valuable insights into how they are adapting to the changes and give you a better understanding of how they may affect your business. Attend conferences, seminars or join online forums where you can connect with like-minded individuals and share knowledge.
  • Seek Legal Advice: With complex regulatory frameworks, seeking legal advice from experienced lawyers specializing in real estate law is highly recommended when dealing with new changes. They can guide you on how best to comply with new requirements while protecting your interests.

Conclusion: Staying Informed and Adapting to the Evolving Landscape

As we have discussed throughout this blog article, Dubai real estate are constantly evolving and it is crucial for both buyers and sellers to stay informed about the latest changes. It is important to understand that these laws are in place to protect all parties involved in a real estate transaction and ensure a fair and transparent process.

Read More-Top Tips for Finding Profitable Real Estate Deals in Dubai

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Steps To Buying Property In Dubai https://blog.newlaunchproperties.ae/steps-to-buying-property-in-dubai/ https://blog.newlaunchproperties.ae/steps-to-buying-property-in-dubai/#respond Wed, 24 May 2023 11:21:14 +0000 https://blog.newlaunchproperties.ae/?p=6604 For first-time property buyers, purchasing a house or any other property can be intimidating. Regardless of the location, it is...

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For first-time property buyers, purchasing a house or any other property can be intimidating. Regardless of the location, it is crucial to be aware of the legal considerations associated with investing in real estate. The same applies when buying a property in Dubai. To help you navigate the legal procedures, here is an overview of the steps that must be followed per the city’s real estate laws.

The Law for Buying Property in Dubai

 The legal aspects of buying property in Dubai are governed by Real Estate Law No. 7 of 2006: Land Registration Law. The law outlines who can purchase and own property in Dubai. Individuals who can buy real estate anywhere in Dubai include UAE citizens, GCC citizens, and foreign nationals permitted to buy properties in areas designated for foreign property ownership. Foreigners who wish to purchase property in Dubai have different types of property ownership, including freehold and leasehold. Freehold property ownership provides complete ownership of the property and the land on which it is built, while leasehold property ownership grants property rights for a set period.

Legal Steps to Buying a Property in Dubai

Buying a property in Dubai involves four primary legal steps:

  1. Formulating a Contract Between the Buyer and the Seller: The first step is to negotiate and establish the terms of sale with the seller. This stage can be completed without the assistance of a real estate agent or a lawyer, but it is recommended to seek the help of a reputable Dubai real estate agency or legal compliance firm.
  2. Signing the Agreement of Sale: The second legal step is signing the sale agreement, also known as the Memorandum of Understanding (MOU). Once the contract is ready, the buyer and seller must sign it before a witness at the Registration Trustee’s office.
  3. Application for a No Objection Certificate: The third step is to apply and pay for a No Objection Certificate (NOC) to transfer the ownership. The developer will issue the NOC only if there are no outstanding service charges on the property.
  4. Effecting the Ownership Transfer with DLD: The last legal step is to meet the seller at the Dubai Land Department (DLD) office for the transfer to become effective. To transfer the property ownership, you must have the manager’s cheque for the property price payable to the seller, the buyer and seller’s original identification documents, the developer’s original NOC, and the signed Contract F (MOU).

In conclusion, buying a property in Dubai is relatively straightforward if you follow the legal procedures outlined in this guide. With the help of a reputable real estate agency such as Prime Estates or a legal compliance firm, you can ensure a smooth and hassle-free property purchase experience.

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