Dubai Real Estate Developers Revising Prices and Payment Plans Based on New Market Conditions

With an estimated 70+ projects that are now for sale across Dubai, we are increasingly seeing Real Estate Developers revise their offering, prices and payment plans to gain market share.

While the major established developers like Emaar Properties, Nakheel and Dubai Properties Group are still able to sell out projects with relative ease – there are now dozens of smaller, private developers that are building various types of projects across Dubai.

The competition is strongest on the mid-end segment. Hot spot areas of development include projects like Dubai Sports City, Jumeirah Village and the greater Dubailand area. With so much competition in this segment, developers are adapting to the market place with new, innovative campaigns and product placements.

A bit of background; Dubai’s real estate market crashed in late 2008 and between 2009 – 2011, the market corrected drastically with prices declining between 30 – 50% in some cases.

Starting in 2012, mainly as a result of instability in the region (remember the Arab Spring), billions of dollars poured into Dubai – largely being diverted into the local real estate market.

From 2012 – to late 2013, the market appreciated drastically. In order to cool down the market and prevent another bubble, the Government took a number of measures to prevent speculation. An increase in the mortgage cap, doubling of transaction costs and preventing off-plan buyers to resell immediately have all contributed to a slow down.

The slow-down has not been as drastic as once feared. The correction which began in mid-2014 has seen prices decline by 7 – 10% on average for most communities. Many of the small and medium sized investors have started consolidating their positions. Most mature communities have high occupancy rates and now witness less transactions.

The overall market has now shifted towards the off-plan market. Buyers from within Dubai and from overseas are attracted to purchasing on payment plans which minimize cash flow and risk.

Thousands of units have been announced for development since 2013. In the long run, the city will require new housing to counter a growing population and high rental costs which contribute to the high cost of living in the city.

With so many under-construction projects, developers are competing against one another in ways that they have never done before.

Developers are revising prices downwards and in an interesting turn of events, many new projects are now offering payment plans which extend to upto 3 years after completion – a concept which was pretty much unheard of a few years ago.

Good examples of these extended payment plans are projects like Royal Estates in Dubai Investment Park, GGICO’s numerous developments in Sports City and Dubai Silicon Oasis and Al Khail Heights.

Even high-end developments are beginning to introduce flexible payment plans. Fortuna Village, a 30 townhouse development enclave within Victory Heights, has recently offered buyers a chance to pay off their units upto one year after handover on a 6% increase on the purchase price.

According to research done by on under-construction freehold supply, there are 9,000 villas, 6,300 townhouses and 38,000 apartments currently under-construction across Dubai.

New Home Interior Design Ideas

Many interior design students want to get into new home interior design. It is a fun career with lots of interaction with people. When people purchase a new home, they immediately want to start on designing. This is where the educated interior designer comes in handy. They will instruct their clients that major re-design could affect your decorating for years to come. If you choose a bold color for the walls, will your furniture be coordinated? Alternatively, do you have to purchase new furniture? Many people will paint their walls a neutral color and then alter their design plans later. It is easy to get carried away when all you see are large open empty rooms. Try working on one room at a time, that way you can blend one room into another.

Students will learn all aspects of new home interior design such as wallpapering is not as popular as it once was as many people have found that removing wallpaper is not a pleasant task. Instead of wallpaper for your new home interior design, choose a creative wall finish such as faux finishing, sponging or stenciling. These types of finish will add texture to your walls. In addition, they are easier to change than wallpaper. If you really must use wallpaper, try using just a border.

New home interior design can involve simple tips and or tricks that all students will learn. Such as for a small room, try a light wall color. For a large room try contrasting colors and textures. When you are ready to accessorize try using accent colors to really make the room modern and pleasing to the eye.
Placing of mirrors and wall hangings such as pictures and art will go a long way in completing your new home interior design plans. However, do not over clutter the walls. Establish some key focal points around the room that will complement the overall design of your room.

The room sizes of your new home will likely be different from your previous home. Thus, it is important to plan the design themes of your new home. Get a tape measure, start measuring the dimensions of the rooms, and measure your furniture and even the doorways. You may find that the box spring will not go up the winding staircase thus causing you to create a main floor bedroom. New home interior design can be fun but also stressful and expensive for the client, so it is up to the designer to stay within the allotted budget and also provide an excellent service.

Real Estate Developer Advertisement

Advertisements are the best way to create awareness among various people in the market. However, before we go ahead and understand the concept of advertisements we need to understand as to what are the advertisements. One can define or explain advertisement as a short clip or video or audio that is created by a group of specialized people in the trade targeting the audience to create an impact promoting the products or services that either newly launched in the market or that exist in the market through the organizations. Following the regular pattern for a long time the advertisements are these days broken the regular patterns and invade with the new techniques and ideas that can generate a maximum publicity in the market. It would be very interesting to understand as to what all it takes to make an effective advertisement that does not last for more than a min on the television screen on the air during one listens to the radio.

As a part of the marketing sector the company approaches these professionals to deign a media campaign understanding the targeted group of audience that they want to approach. Now as the project is picked either through the in house media or through the external agency they make a brief about the targeted audience and also their needs and requirements. The best of slogans are chosen and various needs are analyzed while creating a short ad, which forms an everlasting impression on the mind and heart of the audience. Almost invading in every field the advertisements today are the vital and the most preferred way to promote the products and services.

With the different products and services, there are various sectors which have strongly emerged in the Indian economy today. Targeting people one needs to understand that they read and hear or read in according to their interest and that is what supports the complete sector of Advertisement. Advertisements can be of different types like print media including pamphlets, newspapers and among other aids and various other advertising aids. Today while everyone runs after money, the Real Estate sector offers vital and promising stats that everyone would want to read and are associated with which is spread among various sectors and people through these advertisement using mostly the newspapers and radio clips.

The Real Estate sector offers over thirty percent of growth per annum and the revenue that extends up to twelve million dollar the real estate sector stand to be the second largest growing sector in the Indian economy. And with the above statistics the Real Estate developers playing the major key role in the Real estate constantly come up with the new projects and schemes for the growth of both the industry and the individual in the market. Thus one can perpetually say that the Real Estate industry has strengthened the Indian Economy however the Real Estate Developers Advertisements and other Advertisements has strengthen the complete sector contributing I their success and growth for the benefit individual and all in the Indian Economy.

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