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
Associate Director, Fine and Country Real Estate
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Jumeirah Golf Estates has been recognised for its outstanding achievements this year by winning four awards at the International Property Awards. They include; Best Golf Development Dubai, Best Residential Development Dubai, Best Golf Development Arabia and Best Residential Development Arabia.
Jumeirah Golf Estates partnership with Fine & Country Golf is proving to be a successful collaboration. Yousuf Kazim, General Manager of Jumeirah Golf Estates said: “Jumeirah Golf Estates is a thriving community and these awards enforce the developments standing as the region’s leading residential golf community.
2014 has been a pivotal year for us with large number of residents moving into their homes, the opening of our state-of-the-art clubhouse and a highly successful staging of the DP World Tour Championship, won by our Brand Ambassador, Henrik Stenson. Receiving these awards is a culmination of a major amount of commitment and dedication over the past two years from all of our team.
Combining all of these factors, we anticipate increased demand for our growing property portfolio especially our recently launched Redwood Park and Redwood Avenue developments. We also plan to announce a new 15th community at Jumeirah Golf Estates in early 2015 which will be a very exciting addition to the market.” concluded Kazim.
His Excellency Abdulrahman Al Saleh, Chairman of Jumeirah Golf Estates added, “These awards are important and recognise the levels of excellence of facilities and lifestyle which our residents, members and visitors experience on a daily basis. We are proud of this achievement and in particular, the standing that Jumeirah Golf Estates now has on a world stage.”
Fine & Country Golf, in association with European Tour Destination Jumeirah Golf Estates, held its first property exhibition on 11th and 12th of December 2014 at Fine & Country’s Head Office in Mayfair, London.
The exhibition showcased a portfolio of elite properties for sale within Jumeirah Golf Estates which included the newly launched Redwood Park and Redwood Avenue (comprising of premium townhouses and villas located in the centre of the community and a stones throw away from the newly built clubhouse).
Alya Mahdy, the Commercial Director at Jumeirah Golf Estates flew in for the two day event and Sandra Ruttle and Iain McInally from European Tour Properties also attended.
Robert O’Brien, Head of Fine & Country Golf says, “Overall, the evening was a great success. The event saw a number of active buyers showing great interest in the luxury resort. It was a fantastic first exhibition for Fine & Country Golf.”
Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates Airline and Group, has inaugurated the Jumeirah Golf Estates Clubhouse.
Home to the DP World Tour Championship, the final tournament of The European Tour’s Race to Dubai, Jumeirah Golf Estates marked the opening its state-of-the-art clubhouse with an exclusive Opening event that was also attended by Mohammed Al Shaibani, Director General, of His Highness
Ruler’s Court and CEO of Investment Corporation Dubai, and a number of world-leading golfers.
Henrik Stenson, Jumeirah Golf Estate’s official brand ambassador, was joined by Rory McIlroy and Justin Rose at the high-profile occasion, which celebrated the arrival of superior food and beverage options, events spaces and recreational facilities in the world-class residential golf community .
Yousuf Kazim, General Manager of Jumeirah Golf Estates, said: “Jumeirah Golf Estates is already a thriving community of families and international visitors, and the opening of the clubhouse is a milestone development that cements Jumeirah Golf Estates’ status as the region’s leading residential golf community.”
Source: Property Weekly
DUBAI, UAE – Emirates, a global connector of people and their passions is concluding a successful year as the Official Airline of The European Tour. With the DP World Tour Championship winding down in Dubai, Emirates has helped bring together golf’s top players for an exciting culmination to ‘The Race to Dubai’. The airline extended its investment in The European Tour in December 2013 for an additional ten tournaments until the end of the 2017 season.
Boutros Boutros, Divisional Senior Vice President, Corporate Communications, Marketing and Brand said: “The DP World Tour Championship is a signature event that provides a global stage for golf’s highest achievers like Rory McIlroy and Henrik Stenson. It’s also special because it’s taking place on our home turf, Dubai, which has become one of golf’s most dynamic destinations. We expanded our support for more European Tour golf events and have been engaging with more golf fans this year by successfully activating our sponsorships to deliver meaningful experiences.”
During the 2014 season, Emirates transported over 4,300 golf clubs, distributed 8,000 pieces of branded merchandise to golf fans and served over 14,000 meals to European Tour players. Emirates flew European Tour players over 27 million miles to reach their tournaments during the season. Over 80 Emirates Cabin Crew attended the 19 European Tour events supported by the airline to help deliver great experiences for golf fans.
Emirates has also successfully activated hospitality experiences incorporating the theme of its destination network during European Tour tournaments. In addition, it has also activated its ‘Race to Dubai’ experimental booth where players who put the most balls, and remained on top of the leaderboard during each tournament won packages to Dubai to attend the DP World Championship.
In 2013, Emirates added an additional ten tournaments to its international schedule including the BMW PGA Championship, the Nordea Masters, the D+D Real Czech Masters, the Aberdeen Asset Management Scottish Open, the Portugal Masters, the Italian Open, the Joburg Open, the South Africa Open Championship, the Nelson Mandela Championship and the ISPS Handa Perth International.
Beyond its commitment to 19 European Tour events, Emirates also sponsors the Thailand Open (Thailand-One Asian Tour), The Emirates Australian Open, The Australian PGA Championship (Australia-Australasian Tour), the Indonesia PGA Championships (One-Asia Tour) and finally the Boeing Classic (USA) on the PGA Champions Tour in the United States.
Another spectacular day at the #racetodubai with #fineandcountry Redwood avenue Open House
More than 400 visitors have visited Fine and Country show villa and were amazed with the quality of finishing of the development
With free flowing canapés and drinks clients enjoyed another exciting day at #jge
The DP World Tour Championship, Dubai is being played for the sixth time this week at Jumeirah Golf Estates, a European Tour Destination, and europeantour.com caught up with David MacLaren, Director of Property & Venue Development, European Tour, to find out a bit more about the venue and European Tour Properties.
How has European Tour Properties helped Jumeirah Golf Estates?
MacLaren: Our strategic and operational support services vary from venue to venue. In the case of Jumeirah Golf Estates, we have worked closely not only on the staging of the DP World Tour Championship, but the development of a state-of-the-art clubhouse and the first European Tour Performance Institute in the Middle East, offering world-class training facilities for all golfers, from elite professionals to amateur golfers.
Our strategic partnership with Fine & Country has created a unique approach to real estate marketing, which is benefiting all European Tour Properties with residential developments, including Jumeirah Golf Estates. In June it was announced that Henrik Stenson, the reigning Race to Dubai champion, would become an Official Ambassador for the golf and residential development at Jumeirah Golf Estates. Continue reading
A very Busy day for #FineandCountry on the second day of the #racetodubai at #jge
Perhaps the busiest day of all times in the tournament thus far as the crowd enjoyed the match between defending champion Henrik Stenson and McIlroy.
In the club house, members and guest have participated in Fine and Country’s competition ‘’guess the number of tee-pegs in the bowl’’ and participants have until Sunday 5.30pm to enter the competition to win 4 x green fees at the earth course in #jge