Dubai developer Kleindienst Group has revealed new project of “The Floating Seahorse”- floating house with underwater rooms. The project will be completed by the end of 2016 and was engineered and designed as a part of “The World” project, a group of artificial islands modeled after European design and heritage.
According to one of the leading property portal search, Dubai Marina tops the list of communities where people are looking to buy an apartment and Arabian Ranches emerged number one as the most desirable community to buy a villa. However, in terms of apartment price rises between August 2013 and 2014, International City experienced one of the highest median price growths at 44% followed by Jumeirah Village Circle at 38%. Jumeirah Village Circle also saw a high villa price growth at 38% followed by Jumeirah Island at 28% during same period. 2014 year has also signaled the growth of the off-plan sales market. Payment terms are becoming more flexible and prices, attractive. While mortgage rules have becoming stricter, off-plan prices are becoming affordable.
As first half of the year 2014 had passed, large companies and corporations make their regular profit calculations. In the real estate sector these numbers are usually high. Property giant in the UAE Emaar has reported an increase in net profits by 29% in the second quarter of the year. However, large shopping malls, hotels and entertainment activities did not save company from revenue decrease by 9,7%. Total amount of profit Emaar reached for the months of April, May and June is 868 million UAE dirham, which is more than 200 million US dollars.
News about luxury apartments Residenze by DAMAC have been appearing on main pages of numerous property and design magazines and web catalogues. Finally DAMAC has announced that Residenze showroom is opened for potential buyers. The project Residenze consists of private apartments located in the top 40 floors of DAMAC Heights tower with total number of 85 stores. It is situated in Dubai Marina and offers stunning views to the Palm Jumeirah and the sea. Fendi Casa interior design gives a special touch to Residenze, emphasizing ancient Eastern beauty and finest Italian craftsmanship.