Jan 15

Prime Property now a bargain

When buying premium property, buyers’ lifestyles play a major role in influencing their selections. Rajiv Ghanekar, Associate Director at Fine and Country Real Estate in the UAE, points out that in Dubai, the demand for luxury mansions is far more than that for penthouses. “The demand for premium homes can visibly spiral upwards if the mortgage cap is elevated to Dh12 million Dh15 million in the luxury segment,” he says. The current mortgage cap for properties worth more than Dh5 million is 65 per cent for expats and 70 per cent for UAE nationals. Furthermore, luxury villas in the city are more popular because of the wider choice in location and the availability of themed communities, adds Ghanekar.

Rajiv Ghanekar Associate Director, Fine and Country Real Estate Then there are larger builtup spaces and the option of bigger plots for leisure and guest entertainment that also attract buyers. Other factors such as lower maintenance and service fees, ease of customisation and privacy add value as well.
Ghanekar says that luxury can be interpreted in different ways, all of which are correct from buyers’ per- spectives. He cites a few examples: luxury could mean an intelligent space a smart home equipped with modern technology and remote-controlled systems. Luxury could be about life-style for instance, a gated
community with a limited number of mansions over looking a polo field or a premium golf course. It could also be about space customised villas or penthouses with generous outdoor space, open-air decks for entertainment, a basement large enough to accommodate a gym or private theatre and fleet parking arrangement. Or it could mean convenience – master planned communities in the city designed taking into account the smallest needs such as having supermarkets, pharmacies, community centres, recreation facilities, schools, nurseries and clinics in close proximity.

No matter which of these categories it falls under, the luxury property is a scarce commodity, which will experience steady demand.

Source: Property Weekly, Gulf News

rajiv

Rajiv Ghanekar
Associate Director, Fine and Country Real Estate

Jan 04

Jumeirah Golf Estates News & Updates

12

FEATURED PROPERTIES

WHISPERING PINES DORAL VILLA WHISPERING PINES FIRESTONE VILLA
  • 4 Bedrooms | 5 Bathrooms
  • 2 Parking bays
  • Built up area of 4,005 sq.ft.
  • Plot area of 4,805 sq.ft.
  • Landscaped garden with golf course view
  • Terracotta pavers, travertine & stone tiles
  • Price AED 5,250,000
  • View details
  • 4 Bedrooms | 5 Bathrooms
  • 2 Parking bays
  • BUA: Net 4,136 sq.ft.
  • Plot area of 4,943 sq.ft.
  • Extensive and large
  • Private pool and garden
  • Price AED 5,500,000
  • View details
WHISPERING PINES MUIRFIELD VILLA LIME TREE VALLEY TERRAGONA VILLA
  • 3 Bedrooms | 4 Bathrooms
  • 2 Parking bays
  • Built up area of 3,737 sq.ft.
  • Plot area of 3,616 sq.ft.
  • Pre-installed Bang & Olufsen audio and video
  • Smart home system
  • Price AED 6,125,000
  • View details
  • 6 Bedrooms | 7 Bathrooms | 2 Parking bay areas
  • Extended built up area of 7,000 sq.ft.
  • Plot area of approximately 14,400 sq.ft.
  • Stunning Golf Course Views
  • Basement with provisions of cinema room, fitness and entertainment room
  • Price on application
  • View details
WHISPERING PINES SAWGRASS VILLA LIME TREE VALLEY ALMERIA VILLA
  • 4 Bedrooms | 5 Bathrooms
  • 2 Parking bays
  • Built up area of 3,842 sq.ft.
  • Unfurnished and vacant
  • Branded gourmet kitchen including European branded appliances
  • Price AED 7,000,000
  • View details
  • 4 Bedrooms | 5 Bathrooms
  • 2 Parkings bays
  • BUA: Net 4,789 sq.ft.
  • Gross 5,489 sq.ft.
  • Golf course and lake view
  • Additional family room
  • Price AED 8,990,000
  • View details
For more information and to book a viewing contact

T: 8007767 | M: +971 56 345 4639 | E: jge@fineandcountry.ae

Merry Christmas and a Happy New Year