Edward and Towers Brochure

Mark Towers, Managing Director

AFTER achieving an excellent response from the launch of Emirates Hills three months ago, resulting in the sale of a villa and several exclusive listings, we are pleased toannounce our newest area, The Lakes & Meadows.

We have a new agent Carina Parkinson, who will be very happy to assist you, whether you are looking to buy, sell or list your property to rent.

Please contact her on:[email protected] +971 (0) 503940774

Anna Kirichenko is our Russian speaking agent on The Palm Jumeirah...+971 50 953 9897 [email protected]

THE end of 2010 and the first half of 2011 has given us some confidence back in the Dubai Real Estate market. Judging from the demand of foreign investors, residents and the end users, there has been a significant increase in transactions.

2011 so far has been pleasantly busy with all properties on the Palm showing increased activity and generally firming in price. I reported last time that the villas were trading particularly well and in the last month the apartments are now also showing signs of growth.In fact the apartments that traditionally have been a little slower to rent or sell have seen increased activity. Marina Residence and ‘Left hand side’ Shoreline’s are both renting much better and investors are definitely showing enthusiasm. There is now activity on the ‘Golden Mile’ landscaping which I believe will translate into further activity on the Shoreline apartments, as this is evidence that Nakheel are getting their house in order and finishing off promised projects which will promote investor confidence .We will see a lot of Nakheel news in the next 3 months as they are going to be focusing on completing existing stalled projects like Jumeriah Village and Badrah.Again this is further evidence of Nakheel getting into better shape which will promote confidence across Dubai and more selfishly boost the Palm. All completed projects across dubai have seen a firming of prices this year and this theme will continue for some time as investors are reluctant to purchase ‘off plan’ projects. With this in mind it will be interesting to see

WELCOME back to our 3rd newsletter, which is proving to be very popular with our clients and residents of the Palm Jumeirah.

how well the newly announced town houses sell on the old QE2 site when they are launched.The final quarter of the year is traditionally busier for us as we see the Russians descend on Dubai for their holidays, which usually means extra sales and over the past year we have seen Chinese buyers enter the market too. All good news for the market as the population base spreads. It is testament to Dubai that it keeps attracting a new work force and as the job market improves we will see the rental market improve too.It has been an interesting year so far with the ‘Arab Spring’ having a positive effect on Dubai as residents of the more volatile countries looked to move or invest in a more stable place. The final quarter should see the market carry on in a positive manner and let’s hope the wider economic issues we see in the World does not impact too heavily on us.

A note from our Sales Agent Anna Kirichenko

Emirates Living

Sales : 04 422 1291 Rentals : 04 422 1293 www.edwardsandtowers.com Sales : 04 348 8680 Rentals : 04 348 5548 www.edwardsandtowers.com

PALM OFFICE : Palm Jumeirah, Clubhouse ‘Al Nabaa’ (B9 & B10 Shoreline) HEAD OFFICE : Villa 22, Street 25, Umm Suqeim 3, P.O.Box: 51785

THE PALM SPECIALISTS ISSUE 3 - AUTUMN

where property is Valued. NewsletterNewsletter

Prices on the Palm Jumeirah have stabilized and have actually increased in some prime locations, to the disappointment of some investors, who were looking forward to snapping up some bargains over the summer. The announcement of the 3 year investor residency visa had a very positive reflection on the market and gave a positive vibe to our Russian, Indian and Iranian investors alike. Lately, a significant amount of improvements have been made by the developer to the communal areas of the residential developments. • For the Shoreline residents, the beach has been upgraded with permanent, ‘tiki’ style, shade covers and lifeguard stands. Nakheel are now implementing new rules with regards to the security guard’s responsibilities and a new system to apartment key handling. • Recently opened is Subway retail outlet (open in Clubhouse 2) offering free delivery within the Palm, and a children’s nursery in building 10. • In Tiara Residence, there have been increased access restrictions, which have given a real feeling of privacy to the residents of this development. • The Yacht marina is starting to fill up which makes the view from the Marina Residence and Tiara apartments more lively and has reflected in the firming up of the rentals in these two developments. These small changes are giving the Palm much more of a positive community feel. The amount of short term rental enquiries proves the popularity of The Palm Jumeirah globally as many holiday makers choose the self-catering option when visiting. With addition to these positive changes, banks and mortgage companies have been very proactive lately, offering different products and special offers to buyers and tenants. Current mortgage rates are between 4.99% and 5.99% and up to 85% Loan to Value of the property – this is one of the major factors that positively reflect on the market. Finally, Rixos Hotels recently announced that Rixos Residences Palm Jumeirah, a combined hotel and residence project, will open in December. The hotel section will consist of 204 rooms. Also slated to open its doors in December is Movenpick's 293-room Royal Amwaj, which will offer water bungalows and be the first fully-inclusive resort in Dubai. So with all these exciting changes to the Palm Jumeriah, we and investors alike are certainly feeling much more confident!

Агентство по недвижимости Edwards and Towers специализируется в продажах и аренде недвижимости на The Palm Jumeirah.Мы будем рады Вам помочь купить, продать, снять или сдать виллу или квартиру в любом из проектов на The Palm Jumeirah.Также предлагаем владельцам недвижимости профессиональную программу управления - мы возьмем на себя всю организацию арендного процесса от А до Я.для купли/продажи - Анна +971 (0)50 953 9897 [email protected]для аренды/сдачи - Снежана +971 (0)50 914 1987 [email protected]Санат +971 (0)50 868 0068 [email protected]А также Вы можете ознакомиться с различными предложениями на нашем вебсайте www.edwardsandtowers.ru

Офис: Palm Jumeirah, Shorline, пляжный клуб 5 Al Nabaa.

The Palm Jumeirah

E FrondView : Sea ViewType : Grand CourtyardBed : 6 BedsSize : 7,000 sq.ft. Price: AED 20,000,000 NETCall : 04 348 8680

Signature Villa


SALES PROPERTIES

Al NabatView : Sea ViewType : B TypeBed : 1 BedSize : 1,184 sq.ft.Price: AED 1,750,000 NETCall Anna : 050 953 9897

Shoreline


TanzaniteView : Sea ViewType : B TypeBed : 3 BedsSize : 2,288 sq.ft.Price: AED 3,850,000 NETCall Anna : 050 953 9897

Tiara Residence

Al HamriView : Community ViewType : B TypeBed : 1 BedSize : 1,184 sq.ft.Price: AED 1,050,000 NETCall Anna : 050 953 9897

Shoreline

Al HasserView : Sea ViewType : Type - DBed : 2 BedsSize : 1,582 sq.ft. BUAPrice: AED 2,650,000 NETCall Richard : 050 376 5192

Shoreline

A FrondView : Atlantis ViewType : Med. Central RotundaBed : 4 BedsSize : 5,000 sq.ft. BUAPrice: AED 7,500,000 NETCall Richard : 050 376 5192

Garden Home

C FrondView : Atlantis view – High numberType : Med atrium entry – UpgradedBed : 4 BedsSize : 5,000 sq.ft. BUAPrice: AED 10,000,000 NETCall Richard : 050 376 5192

Garden Home

O FrondView : Marina ViewType : Arabic 3 story Atrium EntryBed : 4 BedsSize : 6,000 sq.ft. BUAPrice: AED 9,750,000 NETCall Anne : 050 551 8705

Garden Home

E FrondView : Burj Al Arab/Full Sea ViewType : European Gallery View (Ex.)Bed : 6 BedsSize : 11,800 sq.ft. BUAPrice On RequestCall Anne : 050 551 8705

Signature Villa

F FrondView : Burj Al Arab ViewType : Med atrium entryBed : 4 BedsSize : 5,000 sq.ft. BUAPrice: AED 8,400,000 NETCall Anne : 050 551 8705

Garden Home

H SectorView : Community ViewType : VillaBed : 5 BedsSize : 10,400 sq.ft. PlotPrice: AED 25,000,000 NETCall Bella : 050 379 5018

Emirates Hills

E SectorView : Community ViewType : VillaBed : 5 BedsSize : 17,418 sq.ft. PlotPrice: AED 17,500,000 NETCall Bella : 050 379 5018

Emirates Hills

L SectorView : Golf Course ViewType : VillaBed : 6 BedsSize : 47,000 sq.ft. PlotPrice On RequestCall Bella : 050 379 5018

Emirates Hills

Springs 7View : Community ViewType : 2E TypeBed : 3 BedsSize : 4,434 sq.ft. BUAPrice: AED 2,500,000 NETCall Carina : 050 394 0774

Emirates Living

E&T Exclusive

E&T Exclusive

E&T Exclusive

Building 3View : Sea ViewType : A TypeBed : 3 BedsSize : 4,233 sq.ft. BUAPrice: AED 3,850,000 NETCall Bren-Marie : 050 524 6795

Marina Residences

BalticView : Sea ViewType : C TypeBed : 3 BedsSize : 1,743 sq.ft. BUAPrice: AED 2,650,000 NETCall Bren-Marie : 050 524 6795

Oceana

Al TamrView : Partial Sea ViewType : C TypeBed : 3 BedsSize : 2,260 sq.ft. BUAPrice: AED 2,350,000 NETCall Bren-Marie : 050 524 6795

Shoreline

DiamondView : Sea ViewType : C TypeBed : 2 BedsSize : 1,712 sq.ft. BUAPrice: AED 2,900,000 NETCall Steve : 050 503 1090

Tiara Residence

TanzaniteView : Sea ViewType : B TypeBed : 3 BedsSize : 2,288 sq.ft. BUAPrice: AED 3,800,000 NETCall Steve : 050 503 1090

Tiara Residence

DiamondView : Sea ViewType : D TypeBed : 1 BedSize : 1,309 sq.ft. BUAPrice: AED 2,290,000 NETCall Steve : 050 503 1090

Tiara Residence

PALM RENTAL PROPERTIES



Meet our team!Anna CatchpoleProperty [email protected]+971 4 348 8680

Charlotte RhodesPalm Office [email protected]+971 4 422 1291

Hayley RudlandBusiness Development [email protected]+971 4 348 8680

Clare ReymondPalm Sales [email protected]+971 50 501 2962

Bren KleinertPalm Sales [email protected]+971 50 524 6795

Richard PembertonPalm Villa Sales [email protected]+971 50 376 5192

Anna KirichenkoPalm Sales [email protected]+971 50 953 9897

Steve ClewsTiara Sales [email protected]+971 50 503 1090

Anne OgilviePalm Villa Sales [email protected]+971 50 551 8705

Bella LegardHead of Valuations & [email protected]+971 50 379 5018

Carina ParkinsonSales & Leasing Emirates [email protected]+971 50 394 0774

Snezhana ZhekovaLong & Short Lerm [email protected]+971 50 914 1987

Sanat PembertonPalm Long–term [email protected]+971 50 868 0068

Hedieh TaheriPalm Long–term [email protected]+971 50 429 2842

James Bennett Palm Long–term [email protected]+971 56 798 9178

NorthView : Community View Type : G TypeBed : 1 BedSize : 1,368 sq.ft. BUAPrice: AED 90,000 PACall : 04 422 1291

Fairmont Palm Residence

NorthView : Partial Sea View Type : E TypeBed : 2 Beds Size : 1,810 sq.ft. BUAPrice: AED 175,000 PACall : 04 422 1291

Fairmont Palm Residence

M FrondView : Sea View Type : Grand FoyerBed : 4 Beds Size : 5,000 sq.ft. BUAPrice: AED 370,000 PACall : 04 422 1291

Garden Home

F FrondView : Sea View Type : Atrium EntryBed : 4 Beds Size : 5,000 sq.ft. BUAPrice: AED 400,000 PACall : 04 422 1291

Garden Home

Building 1View : Marina View Type : C TypeBed : 2 BedsSize : 1,800 sq.ft. BUAPrice: AED 140,000 PACall : 04 422 1291

Marina Residences

BalticView : Partial Sea ViewType : D TypeBed : 1 BedSize : 1,237 sq.ft. BUAPrice: AED 155,000 PACall : 04 422 1291

Oceana

Abu KeibalView : Park View Type : B TypeBed : 1 BedSize : 1,184 sq.ft. BUAPrice: AED 90,000 PACall : 04 422 1291

Shoreline

Al BasriView : Sea/Burj Al Arab ViewType : B TypeBed : 1 BedSize : 1,184 sq.ft. BUAPrice: AED 115,000 PACall : 04 422 1291

Shoreline

Al HallawiView : Garden View Type : E TypeBed : 2 BedsSize : 1,646 sq.ft. BUAPrice: AED 120,000 PACall : 04 422 1291

Shoreline

Al HaboolView : Park View Type : F TypeBed : 2 BedsSize : 2,055 sq.ft. BUAPrice: AED 140,000 PACall : 04 422 1291

Shoreline

Al AnbaraView : Park View Type : A TypeBed : 3 BedsSize : 2,184 sq.ft. BUAPrice: AED 150,000 PACall : 04 422 1291

Shoreline

DiamondView : Sea/Burj Al Arab ViewType : D TypeBed : 1 BedSize : 1,309 sq.ft. BUAPrice: AED 150,000 PACall : 04 422 1291

Tiara Residence



Where property is valued.

Rental Update

Prices have stayed roughly the same over the summer, only dropping in cases where Landlords are eager to get their properties let quickly, to avoid the dreaded ‘empty property’ where one could end up losing more money than renting it for less. The majority of rentals over August have been renewals, as tenants are keen to avoid moving in the summer heat and Landlords are willing to re-negotiate the rent in order to keep their occupiers in place.That being said, now the market is busying up again we are on the look out for any availabilities for rent or sale – as we have too many clients and not enough properties!With the addition of yet another new agent for Emirates Living, we can now offer a wider range of properties to our clients, and we are constantly on the lookout for new staff to join our ever-growing team!

For a more thorough insight into rent estimates please look at our website www.edwardsandtowers.com for a full list of all areas on the Palm.

A look at Global Real Estate MarketsACCORDING to the Daily Mail, a few weeks ago, a new record for Britain’s most expensive real estate has been set, after a Russian billionaire paid £140 million (840,000,000AED) for an 18th century country house. Amongst its features are a helipad, spa complex, fully planned cinema and rolling grounds. Set in 200 acres of parkland in the Berkshire countryside, it beats the previous record sale of a Penthouse at One Hyde Park, Knightsbridge, for £136million (816,000,000AED) earlier this year.In these recessionary times we are still seeing high net worth individuals indulge in top end property. Just last month, according to Nakheel records, a Palm Jumeriah Signature villa sold for AED28,000,000, while over in Emirates Hills we are seeing trends of around AED30-40 million being sold on an almost regular basis. Does this mean the market is picking up? Or is it just the top end of the market that is holding firm?With a ‘double dip’ in the US and European economies looking like a possibility we are all nervously watching the Dubai property market to see if it is robust enough to weather the potential storm. Jones Lang LaSalle’s quarterly report tells us there is a ‘more cautious attitude amongst real estate investors and corporate occupiers’. Recently capital markets have taken a knock around the world with the main bourses looking fragile. Against this backdrop Dubai is still attracting high net worth individuals to its shores and a look around the globe shows us that despite this economic uncertainty the ‘rich’ are still active in the property sector and continue to purchase trophy assets in prime locations. Here are few examples to illustrate the point.• UK – as per Savills, for a mere 40,000,000AED you could own a beautiful manor house outside of London, featuring 3 reception rooms, cinema, 6 b/r, swimming pool & gym, all set in 7,000SQFT of land in close proximity to central London.• Europe – France, Côte d’Azur. For 33,600,000AED you could have the former home of Edith Piaf, a stunning stone house, built on a private plot with 53,800SQFT of tranquil, landscaped gardens, heated pool, tennis court and the obligatory ‘boules’ lawn. Italy, Zermatt. Set in the heart of the elite ski-resort of Zermatt, you could own a 5 ensuite b/r chalet, with panoramic views, spa & gym, games room and cinema, overlooking the 4,478m Matterhorn (one of the highest in the Alps). This property would set you back a cool AED51,520,000!• United States – a turn of the century summer cottage set in 3.5 landscaped acres, isn’t really much of a cottage, being a huge 8000SQFT, with 6 b/r, 6.5 baths and all beautifully restored and renovated. The ‘cottage’ has an asking price of AED33,814,800.• St Lucia, the Belle Helène is a spectacular 2.2 acre property located in “probably the best piece of real estate in the world” (as described by Newsweek) it is a UNESCO world heritage site. Built in traditional Caribbean style, the guide price is around AED68,000,000.These luxury properties are in some of the best known and sought after global locations and have been in demand as destinations for many investors who like the idea of choice and are not worried about the price tag.In our own back yard, Dubai, we can see that it has the price tag to compete with these more established destinations and a typical competitor for luxury real estate may include a villa we have listed which is set in the heart of Emirates Hills, surrounded by a golf course and lakes, with 10 b/r, gym, swimming pool, cinema, underground parking for 14 cars and set on a plot of approx 40,000 sq.ft.What, you may be asking is the attraction to buy in Dubai compared to say the UK? The answer is of course complex and unique to each individuals needs but will certainly be influenced by the weather, the tax free status and also the proximity of Dubai top the regions major cities.. The UAE is one of the few tax-free countries in the world, making it a prime location to invest in superb real-estate portfolios. The luxury market has seen a revival in 2011 with villas on the Palm rising in value by up to 25%. Dubai may not have the lush green landscapes of Berkshire, or the snow-capped mountains of Zermatt, but it does offer safe high octane city life on the ocean front and a lifestyle equivalent or comparable to many of the more ‘renowned and famous’ locations the jetset frequent.Dubai is on the map as a place where residents can live a safe and tax free lifestyle and now we are seeing the real estate to match.

A Type - 3 Bed From AED 140,000

B Type - 1 Bed From AED 75,000

C Type - 3 Bed From AED 150,000

D Type - 2 Bed From AED 110,000

E Type - 2 Bed From AED 115,000

F Type - 2 Bed From AED 130,000

Shorelines (Left Side)

AED 50,000

AED 100,000

AED 150,000

AED 200,000

AED 50,000

AED 100,000

AED 150,000

AED 200,000

Shorelines (Right Side)

A Type - 3 Bed From AED 180,000

B Type - 1 Bed From AED 110,000

C Type - 3 Bed From AED 155,000

D Type - 2 Bed From AED 160,000

E Type - 2 Bed From AED 120,000

F Type - 2 Bed From AED 180,000

In Other Property Management News:

Service ChargesIn positive news to Garden Home and Signature villa owners, the Nakheel Service charges have decreased as many of you may have noticed by now. Also, facilities on the Shoreline are looking up, with new sun-loungers being delivered to the clubhouses and various maintenance issues resolved.

Shoreline Beach Club AccessSome of the residents in the Shoreline may have noticed that the access to the beach has now been restricted to only the clubhouse entrances. This is due to a tightening of security on the Shoreline, to stop non-members from using the amenities.In due course, the clubhouse fee’s paid for the Beach access will need to be negotiated between Landlord and Tenant.

EjariAfter Ejari came in to place earlier this year, we are now pleased to report that all of our ‘Managed’ properties with title deeds are now successfully registered with Ejari. Since we began registering at the beginning of July, all of the tenants living in E&T Property Managed homes will be receiving their Ejari tenancy contract shortly.

Find us on!

WITH a quiet Ramadan now over with, the office is once again abuzz with agents organizing viewings, making offers and writing contracts. Starting on a high note, we won the ‘Gold Award’ from Justrentals website for our accurate and most clicked on listings, of which we are so proud, we have put up the award in our Palm office!

Hayley RudlandBusiness Development [email protected] For all editorial enquiries please contact [email protected]

*Please note that E&T offer these figures as an indicative price only based on our experience and present market knowledge. There are exceptions to every rule but these rents reflect largely what is happening on the Palm in the month of June. These figures should not be used as fact and as such E & T will not be held responsible for any misrepresentations made by a third party. Should you wish to discuss matters further and need true comparable evidence the reader should refer directly to E&T valuation department.

Documents

Edward and Towers Brochure