Edwards and towers

might!In addition there is a real feeling of privacy within the development and residents can enjoy their own space and the security that comes with it, not to mention the ability to use their own facilities without being out numbered by outside visitors. The greater restrictions on access has certainly given Tiara its own ‘feel’ that sets it apart from many of the other beach front options. Parents also seem to appreciate the calmer feeling within the site and the peace of mind that comes from seeing familiar people on the beach and pool on a regular basis.

Prices seem to be firming at Tiara, sales are consistent and increasing in quantity, and available apartments for sale, including those at and those just above current transaction price levels, are limited.

Tiara Residence may not be as heavily promoted, or hyped, as some of the other resort style developments, but it seems Winston Churchill summed it up best; “the truth is incontrovertible….in the end, there it is!”

an array of top class gym equipment, not to mention group classes and professional instructors always on hand for assistance or for private tuition. The jaw dropping views from the gym look out across the beach, the Ocean, the beautiful pool and these views also take in the Burj Al Arab and Burj Khalifa. If the running machine doesn’t take your breath away then the views just

Steve Clews lives and owns in Tiara and specialises in Tiara Residence sales.

+971 50 5031090 [email protected]

WINSTON Churchill wrote, “The truth is incontrovert-ible, malice may attack it, ignorance may deride it, but in the end; there it is”. Over the last 2 or 3 years in Dubai more and more residential developments have been completed and handed over. The Dubai property purchaser,

Bella Legard, BSc(Hons) RICS Registered Valuer Head of Valuations and Investments [email protected]

should mean that the existing tenants will get better looked after and new tenants will start arriving. These clubhouses have never been the busy community shopping areas that was expected and we hope that over the next year this will change and new outlets will grace the shoreline area.Another reason for increased activity is that the banks are definitely lending again. Admittedly it is not in the volumes required to see a steady mortgage market emerge but they are undoubtedly lending and on large properties. If the interest rate comes down to an average of around 5% and the buyers can see that prices have stabilized then we believe this will be a significant factor for next years market.The summer will naturally be slower for the property market but after Ramadan we are predicting some strong sales which will coincide with Nakheel and Dubai restructuring their debts and providing a healthier platform for the local economy as a whole.

SO far 2011 has been an excellent year for our brokerage team who are seeing increased activity levels of 87% up from the same period last year. This in turn provides for unrivalled comparable information for the Valuers. We have seen that the property market is slowly starting to recover, although this is in isolated areas and there will still be some areas that suffer over the coming years.The E&T Valuation Department covers both the Commercial and Residential market sectors, and with recent announcements that Dubai's major financial institutions are showing increased levels of mortgage lending in the emirate, we are rapidly expanding these teams. E&T are affiliated with the Royal Institution of Chartered Surveyors (RICS) and are actively involved in the new RERA Registration Scheme which comes live towards the end of 2011.Our Valuation Department is also working closely with the Lands Department and RERA, with the new law and regulations that are soon to be unveiled. The new Lands Department regulatory body, Taqyeem, will soon insist that all valuers follow the Emirates Book Valuation Standards which Edwards and Towers will be able to comply with.So if you are looking for Matrimonial Valuation, Probate Valuation, Insolvency Valuations, Investment Valuation or Development/Residual Valuation we have qualified employees who specialize in these fields, and would be happy to answer any questions you may have or advise on current market trends.

The word is that we could see some money being spent soon with the golden mile landscaping starting and the shoreline beach clubs benefiting from an overhaul. Nakheel have now taken control of the commercial units in the Shoreline clubhouses which

THE second quarter of 2011 has been as buoyant as the first with activity across all our departments showing increased activity.Although there is still turmoil in other parts of the Gulf we believe that Dubai is offering a political stable environ-ment that neighboring countries will look to for security. The property market is reporting increased activity across the whole of Dubai and the completed projects with a community feel are all doing well.The Palm is seeing an increase in buyers for apartments and villas which has had the effect of firming up the prices over the past few months. With the summer and Ramadan looming we are likely to see this activity soften for a couple of months now.

A note from our Sales Agent Steve Clews

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 2 - SUMMER

where property is Valued. NewsletterNewsletter

Valuations

has been able to make their buying decision based on their ‘real life’ take on the build, quality and facilities on offer by a potential development and the apartments within it. In the past it was arguably much more fun as we all made decisions based on extravagantly produced glossy brochures and promos. Sadly the builders never saw these same brochures, or so it appeared, as what was ‘built’ rarely matched the brochures and often did not live up to expectation.However, since its handover in early 2009 sales at Tiara Residence on Palm Jumeirah, despite the financial traumas of both World and local markets, have been consistent and in the last 6 months there has been a tangible increase in activity that has seen both rents and sale prices stabilising and indeed firming. Discerning buyers are rightly carrying out their ‘due diligence’ in consideration of a purchase and time & time again they are ending up back at Tiara, and commenting how the build quality, facilities and privacy that Tiara Residence has to offer make it the quality apartment of choice on The Palm trunk for beach front resort style living. There are, of course, aspects of Tiara that I am sure some users and outside observers might want to alter, and insist could be made even better, but generally the development seems to have incorporated many features that the competition has not and this is winning it many admirers.One key aspect is the high quality of its build. In addition, the quality of its finishings in the apartments, such as real wooden floors and substantial solid wooden doors convey a feeling of substance and significance to the units the moment you walk inside. The design is very Western and modern compared to many other apartment options, and while this may not be everyone’s preference, it seems increasingly clear it is a preference sought by many. Another favoured feature are the high ceilings and floor to ceiling windows that give a light and spacious feel to the apartments. These huge modern-style windows, aided by the glass balcony walls, also help people enjoy the views from inside their apartments, as well as from the spacious balconies. The facilities inside offer true resort style living and these include the huge temperature controlled infinity swimming pool, a Jacuzzi pool and 250 meters of pristine private beach. In addition to this is the outstanding gymnasium at Tiara which is amply sized and provides


SALES PROPERTIES

A FrondView : Sea ViewType : Central RotundaBed : 4 BedsSize : 5,000 sq.ft.Price: AED 7,400,000 NETCall Richard : 050 376 5192

Garden Home


EmeraldView : Sea ViewType : D TypeBed : 1 Bed, Tenanted till OctoberSize : 1,309 sq.ft.Price: AED 2,000,000 NETCall Steve : 050 503 1090

VillaView : Golf Course ViewType : VillaBed : 5 BedsSize : 8,500 sq.ft.Price: AED 14,000,000 NETCall Bella : 050 379 5018

Emirates Hills


Emirates Hills


Emirates Hills

Introducing The Palm’s Most Successful Agency Now in:

E M I R AT E S H I L L SDue to our popularity on the Palm, we currently have a lot of clients also looking to buy villa’s in this exclusive address. If you have property here, please don’t hesitate to contact us!

Bella Legard BSc(Hons) MRICSHead of Emirates Hills Sales, Valuations & Investments

E-Mail [email protected] +971 (0)50 379 5018Phone +971 (0)4 348 8680Facsimile +971 (0)4 348 8016Web www.edwardsandtowers.com

A FrondView : Sea ViewType : Central GalleryBed : 5 BedsSize : 7,000 sq.ft.Price: AED 14,750,000 NETCall Richard : 050 376 5192

Signature Villa

D FrondView : Sea ViewType : Atrium Entry Opt II (extra FL)Bed : 5 BedsSize : 6,000 sq.ft.Price: AED 11,250,000 NETCall Richard : 050 376 5192

Garden Home

NorthView : Sea/Marina ViewType : E TypeBed : 2 BedsSize : 1,810 sq.ft.Price: AED 2,800,000 NETCall Richard : 050 376 5192

Fairmont Palm Residence

Jash FalqaView : Sea ViewType : Type - DBed : 2 BedsSize : 1,582 sq.ft.Price: AED 2,800,000 NETCall Richard : 050 376 5192

Shoreline

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

Signature Villa

AtlanticView : Sea ViewType : A TypeBed : 2 BedsSize : 2,248 sq.ft. Price: AED 3,000,000 NETCall : 04 348 8680

Oceana

AtlanticView : Garden/Pool ViewType : D TypeBed : 1 BedSize : 1,237 sq.ft.Price: AED 1,850,000 NETCall : 04 348 8680

Oceana

PALM RENTAL PROPERTIES

SouthView : Partial Sea View Type : G TypeBed : 1 Bed Size : 1,368 sq.ft.Price: AED 90,000 PACall : 04 422 1291


NorthView : Sea View Type : E TypeBed : 2 Beds Size : 1,810 sq.ft.Price: AED 180,000 PACall : 04 422 1291


NorthView : Sea View Type : A TypeBed : 4 Beds Size : 2,940 sq.ft.Price: AED 285,000 PACall : 04 422 1291


E FrondView : Sea View Type : Cntrl Rtnd Opt II Bed : 5 Beds Size : 5,461 sq.ft.Price: AED 420,000 PACall : 04 422 1291

Garden Home

P FrondView : Sea View Type : Grand Foyer Opt IIBed : 5 BedsSize : 6,000 sq.ft.Price: AED 450,000 PACall : 04 422 1291

Garden Home

Building 9View : Community View Type : C TypeBed : 2 BedsSize : 1,572 sq.ft.Price: AED 100,000 PACall : 04 422 1291

Golden Mile

Building 4View : Marina View Type : C TypeBed : 2 BedsSize : 1,593 sq.ft.Price: AED 130,000 PACall : 04 422 1291

Marina Residences

Building 4View : Sea/Palm/Marina View Type : A TypeBed : 3 BedsSize : 3,685 sq.ft.Price: AED 280,000 PACall : 04 422 1291

Marina Residences

BalticView : Sea/Marina View Type : C TypeBed : 2 BedsSize : 1,709 sq.ft.Price: AED 225,000 PACall : 04 422 1291

Oceana

CaribbeanView : Sea View Type : B TypeBed : 3 BedsSize : 2,248 sq.ft.Price: AED 240,000 PACall : 04 422 1291

Oceana

Abu KeibalView : Park View Type : D TypeBed : 2 BedsSize : 1,582 sq.ft.Price: AED 100,000 PACall : 04 422 1291

Shoreline

Al MsalliView : Garden View Type : E TypeBed : 2 BedsSize : 1,646 sq.ft.Price: AED 125,000 PACall : 04 422 1291

Shoreline

Al KhudrawiView : Sea View Type : D TypeBed : 2 BedsSize : 1,582 sq.ft.Price: AED 160,000 PACall : 04 422 1291

Shoreline

Al BasriView : Sea View Type : F TypeBed : 2 BedsSize : 2,055 sq.ft.Price: AED 190,000 PACall : 04 422 1291

Shoreline

Al TamrView : Garden View Type : C TypeBed : 3 BedsSize : 2,260 sq.ft.Price: AED 145,000 PACall : 04 422 1291

Shoreline

Al HaseerView : Partial Sea View Type : G TypeBed : 4 BedsSize : 4,971 sq.ft.Price: AED 320,000 PACall : 04 422 1291

Shoreline

AquamarineView : Sea/Burj Al Arab View Type : D TypeBed : 1 BedSize : 1,309 sq.ft.Price: AED 140,000 PACall : 04 422 1291

Tiara Residence

C FrondView : Sea View Type : Canal CoveBed : 4 BedsSize : 4,100 sq.ft.Price: AED 365,000 PACall : 04 422 1291

Town Home

Al NabatView : Sea View Type : B TypeBed : 1 BedSize : 1,184 sq.ft.Price: AED 115,000 PACall : 04 422 1291

Shoreline

Al HamriView : Park View Type : B TypeBed : 1 BedSize : 1,184 sq.ft.Price: AED 75,000 PACall : 04 422 1291

Shoreline




SALES PROPERTIES

A FrondView : Sea ViewType : Central RotundaBed : 4 BedsSize : 5,000 sq.ft.Price: AED 7,400,000 NETCall Richard : 050 376 5192

Garden Home


AquamarineView : Sea ViewType : D TypeBed : 1 BedSize : 1,309 sq.ft.Price: AED 2,500,000 NETCall Steve : 050 503 1090

Tiara Residence

D FrondView : Sea ViewType : Atrium Entry Opt II (extra FL)Bed : 5 BedsSize : 6,000 sq.ft.Price: AED 11,250,000 NETCall Richard : 050 376 5192

Garden Home

NorthView : Sea/Marina ViewType : E TypeBed : 2 BedsSize : 1,810 sq.ft.Price: AED 2,800,000 NETCall Richard : 050 376 5192


CaribbeanView : Atlantis ViewType : D TypeBed : 1 BedSize : 1,375 sq.ft.Price: AED 1,900,000 NETCall Bren : 050 524 6795

Oceana

M FrondView : Dubai Marina / Sea ViewType : Central RotundaBed : 4 BedsSize : 5,000 sq.ft.Price: AED 10,250,000 NETCall Bren : 050 524 6795

Garden Home

Kempinski ResidencesView : Palm/Sea ViewsType : D3 TypeBed : 3 BedsSize : 3,550 sq.ft.Price: AED 9,199,000 NETCall Anna : 050 953 9897

Kempinski Residences

Kempinski ResidencesView : Palm/Sea ViewsType : H-PenthouseBed : 3 BedsSize : 5,950 sq.ft. Price: AED 18,405,000 NETCall Anna : 050 953 9897


Kempinski ResidencesView : Palm/Sea ViewsType : D1 TypeBed : 3 BedsSize : 3,003 sq.ft. Price: AED 7,600,000 NETCall Anna : 050 953 9897


PacificView : Atlantis ViewType : D TypeBed : 1 BedSize : 1,375 sq.ft.Price: AED 1,900,000 NETCall Bren : 050 524 6795

Oceana

PacificView : Atlantis ViewType : D TypeBed : 1 BedSize : 1,375 sq.ft.Price: AED 1,900,000 NETCall Bren : 050 524 6795

Oceana

AegeanView : Garden ViewType : D TypeBed : 1 BedSize : 1,338 sq.ft.Price: AED 1,990,000 NETCall Bren : 050 524 6795

Oceana

Al DabasView : Sea ViewType : G-PenthouseBed : 4 BedsSize : 4,838 sq.ft.Price: AED 5,250,000 NETCall Bren : 050 524 6795

Shoreline

Al NabatView : Sea ViewType : B TypeBed : 1 BedSize : 1,184 sq.ft.Price: AED 1,700,000 NETCall Bren : 050 524 6795

Shoreline

M FrondView : Sea ViewType : Grand CourtBed : 6 BedsSize : 7,000 sq.ft.Price: AED 23,000,000 NETCall Anne : 050 551 8705

Signature Villa

D FrondView : Sea ViewType : Central PoolBed : 6 BedsSize : 7,000 sq.ft.Price: AED 16,800,000 NETCall Richard : 050 376 5192

Signature Villa

B FrondView : Sea ViewType : Gallery ViewsBed : 6 BedsSize : 7,000 sq.ft.Price: AED 18,000,000 NETCall Richard : 050 376 5192

Signature Villa

P FrondView : Sea ViewType : Great RotundaBed : 5 BedsSize : 7,000 sq.ft.Price: AED 15,250,000 NETCall Richard : 050 376 5192

Signature Villa

DiamondView : Sea/Burj Al Arab ViewType : A TypeBed : 3 BedsSize : 2,455 sq.ft.Price: AED 6,500,000 NETCall Steve : 050 503 1090

Tiara Residence

SouthView : Partial Sea ViewType : G TypeBed : 1 BedSize : 1,368 sq.ft.Price: AED 1,800,000 NETCall Anna : 050 953 9897


PALM RENTAL PROPERTIES

L FrondView : Sea View Type : Atrium EntryBed : 4 BedsSize : 5,000 sq.ft.Price: AED 450,000 PACall : 04 422 1291

Garden Home

Kempinski View : Sea/Palm ViewsType : A2 TypeBed : 2 Beds Size : 1,812 sq.ft.Price: AED 300,000 PACall : 04 422 1291


Abu KeibalView : Park View Type : B TypeBed : 1 Bed Size : 1,184 sq.ft.Price: AED 85,000 PACall : 04 422 1291

Shoreline

Al AnbaraView : Garden View Type : E TypeBed : 2 Beds Size : 1,646 sq.ft.Price: AED 115,000 PACall : 04 422 1291

Shoreline

Al TamrView : Partial Sea View Type : E TypeBed : 2 BedsSize : 1,646 sq.ft.Price: AED 120,000 PACall : 04 422 1291

Shoreline

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

Shoreline

Al HamriView : Park View Type : D TypeBed : 2 BedsSize : 1,582 sq.ft.Price: AED 150,000 PACall : 04 422 1291

Shoreline


Shoreline

Al KhushkarView : Park View Type : F TypeBed : 2 BedsSize : 2,055 sq.ft.Price: AED 130,000 PACall : 04 422 1291

Shoreline

Al HaboolView : Park View Type : A TypeBed : 3 BedsSize : 2,184 sq.ft.Price: AED 145,000 PACall : 04 422 1291

Shoreline

Al HatimiView : Sea View Type : A TypeBed : 3 BedsSize : 2,184 sq.ft.Price: AED 190,000 PACall : 04 422 1291

Shoreline


Shoreline

Al KhudrawiView : Sea View Type : D TypeBed : 2 BedsSize : 1,582 sq.ft.Price: AED 160,000 PACall : 04 422 1291

Shoreline

Al BasriView : Sea View Type : F TypeBed : 2 BedsSize : 2,055 sq.ft.Price: AED 190,000 PACall : 04 422 1291

Shoreline

Al TamrView : Garden View Type : C TypeBed : 3 BedsSize : 2,260 sq.ft.Price: AED 145,000 PACall : 04 422 1291

Shoreline

Al HaseerView : Partial Sea View Type : G TypeBed : 4 BedsSize : 4,971 sq.ft.Price: AED 320,000 PACall : 04 422 1291

Shoreline

VillaView : Golf Course ViewType : VillaBed : 5 BedsSize : 7,5000 sq.ft.Price: AED 700,000 PACall Bella : 050 379 5018

Emirates Hills

VillaView : Golf Course ViewType : VillaBed : 5 BedsSize : 12,000 sq.ft.Price: AED 900,000 PACall Bella : 050 379 5018

Emirates Hills

Al AnbaraView : Park View Type : A TypeBed : 3 BedsSize : 2,184 sq.ft.Price: AED 155,000 PACall : 04 422 1291

Shoreline

Al KhushkarView : Park View Type : A TypeBed : 3 BedsSize : 2,184 sq.ft.Price: AED 155,000 PACall : 04 422 1291

Shoreline





Where property is valued.

*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.

EJARIOver the past few months the Dubai Government has been implementing a new system of registering tenancy contracts. This new system is called ‘Ejari’ and is an online process that registers the property details as well as the landlord and tenants details of any tenancy agreement.Although it will initially be a little tedious to sort out the paperwork we do feel that this is a good step forward for the market. It will make the market much more transparent and also clear up a lot of the grey areas regarding landlord and tenant relationships. It will also become mandatory for all tenancy contracts to be registered in this system.Ejari is not optional so owners need to start registering all tenancies so that they conform to the Dubai Law. At the present time Edwards and Towers can only register tenancy contracts with Ejari for the proper-ties that we currently manage. If you would like to discuss management options please email [email protected].

Meet our team!

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.

Find us on!

Mark TowersManaging [email protected]+971 4 348 8680

Bella Legard Head of Valuations & [email protected]+971 (0)50 379 5018

Hayley [email protected]+971 4 348 8680

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

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

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

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

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

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

Snezhana ZhekovaShort-term Rental [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

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

Anna CatchpoleProperty [email protected]+971 4 348 8680

Rental UpdateWe are now well into summer, with the weather reaching as high as 47 degrees, and it isn’t even August yet! So as the temperature soars, the rent prices normally see a decline over the coming months.This is mainly noticeable in the Short-term Lets, as many people leave for cooler climates from June until the end of September. However even for Long-Term Leasing you may notice a slight drop in prices, as fewer people choose to move house in the desert heat. But for the savvy tenant, now is the time to move, and like every year at this time our office gets busier than usual!More and more Landlords are choosing to have their properties managed, which often results in a higher rent, as tenants are now seeing the benefit of living in a professionally managed home.The rental market has been very busy throughout the last 3 months and we are pleased to welcome 3 new agents to our rentals team. You will find our popular rental index on our website for further market news, but a call to our most experienced team on the Palm will help you rent your Palm Home.

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 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 100,000

E Type - 2 Bed From AED 100,000

F Type - 2 Bed From AED 110,000

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 190,000

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 190,000

Documents

Edwards and towers