Dubai Realty Beckons

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Dubai Realty Beckons Falconcity of Wonders LLC (FCW) is a privately owned company that was founded to develop Falconcity of Wonders, a real estate mega project in Dubai. Alharith bin Salem Almoosa, Vice Chairman and Deputy General Manager, Falconcity of Wonders LLC gives a poignant view of the realty market of the city. Distinct features of Dubai Real Estate market Dubai is a dynamic and vibrant business landscape that is highly attractive to investors. The emirate has successfully sustained its reputation as the region’s top real estate destination and developers are moving forward with their property construction plans which is why Dubai’s real estate sector willcontinue the resurgent levels of growth, stability and security it showed last year and to perform exceptionally well this 2016. A distinct factor of Dubai realty today is the thebrisk business being spurred by the UAE’s preparations to host the 2020 World Expo. This will be the first time that the iconic global event will be held in the UAE, so it will definitely usher in a new era in Dubai real estate, boosting all segments from commercial space to leisure and residential developments. Investors, developers and travellers continue to be drawn to Dubai’s economic vibrancy, growing multicultural population, stability and high government spending on major infrastructural works. All of these will continue to have a positive effect on tourism, hospitality and real estate as the Expo approaches. The outlook for the real estate market in terms of sales The strong market uptake in Dubai certainly provides a strong case for the great potential of the developments to visitors and interested investors. For instance, Falconcity has successfully handed over 500 villas in the Western Residence South and North of the project, reflecting the currently buoyant market conditions. This means that the demand is there, however, developers need to provide the right product for regional and international property investors. The real estate and property business is picking up fast given the investors’ optimistic view on the market in the coming promising years. How is the Dubai real estate lucrative for foreign buyers? The potential buyers can take a cue from a lot of international investors who have recognized the benefits Dubai real estate benefits offers, not found anywhere else in the world. The city has a competitive advantage as it is a safe and stable market which has provided substantial returns for many real estate investors. Dubai provides high returns on property investments and is poised for even more growth as the UAE continues to enjoy vibrant commerce, a growing population, high investor confidence, and focused government spending on major infrastructural works. Benefits of investing in Dubaifor Indians Homebuyers from India are known for pursuing the best value for their investments. Dubai offers the ideal venue for them given its dynamic and vibrant business landscape and its numerous tourist attractions. Moreover, business ties between the UAE and India have continued to grow stronger year-on-year. New join-investment opportunities have been arising across various sectors, especially in real estate. Such prospects capitalize on the fact that a huge population of Indians have made the UAE their second home. UAE and India have forged several bilateral agreements and important conventions aimed at protecting and encouraging joint investments. These have led to more Indian businessmen gaining a firm foothold in the UAE market and vice versa. Given these and many more benefits that buyers from India can gain from investing in Dubai’s thriving real estate landscape, we expect a sustained healthy interest from Indian investors. The latest projects launched by the company After completing Western Residence South within Falconcity of Wonders, the newly launched project is the Western Residence North which will feature internationally-themed and contemporary detached and semi-detached villas and townhouses, each equipped with home automation systems and ranging from two to five bedrooms with a built up area of 3,000 to 7,000sqft. Also under construction are new exclusive townhouses at the centre of the Western Residence and we are gearing up for the upcoming launch of the Eastern Residence. Western Residences- Townhouses There is also a Community Centre that is nearly completed in Western Residence. This area will include a medical centre, nursery, hyper market, retail outlets, a food court and a mosque with a large parking space. It will also have a Community Club which is currently being built and will comprise a tennis court, swimming pool, kids’ playing area, library, ladies’ salon and spa, men’s spa, mini mart, restaurant, squash court, gym, basketball court, landscaped gardens and car parking. The Falconcity of Wonders (FCW) is an original and creative idea developed by H.E. Salem Almoosa who envisioned the ‘World in a City’ complete with representations of iconic global landmarks. The development’s theme itself encapsulates the USP of the project – it is the ‘Wonders of the World,’ all in one place, within the region’s most dynamic leisure and lifestyle hub. Falcon city The unique features of Falconcity of Wonders The project realizes H.E. Salem Almoosa’s aspiration of creating a mixed-used development that serves as a pioneering tourist attraction as well as an economic and commercial hub. Part of the vision of FCW is to preserve the culture and heritage of the United Arab Emirates (UAE)as embodied by the falcon shape of the city which pays tributeto the official emblem of UAE.The project also includes luxury villas, townhouses and contemporary residential units inspired by international architectural designs which will form part of the Falconcity of Wonders’ residential community. Commercial centres, ‘Falcon Fun City,’ family centres, sports facilities and schools will make this city a completely self-sustained community. In addition, the competitive prices will ensure that the investors get a high return on their investments.. At FCW we are working towards rebuilding some of the world’s most iconic landmarks and placing them in one area across an expanse of over 41 million square feet. This will provide the residents and visitors with an unparalleled experience. The company soon plans to unveil several highly anticipated key landmarks within the development such as the Leaning Tower of Dubai, the Dueiffel Tower Dubai, the Pyramids Park, Dubai Hanging Gardens of Babylon, the Great Wall of Dubai and Taj Arabia, to name a few.