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Investment Opportunities in Dubai Hills
Jul 31, 2024
Lecture Notes: Hide Residences in Dubai Hills
Introduction
Key saying
: "Location, location, location" in real estate emphasizes the importance of location.
Hide Residences
: Perfectly situated in Dubai Hills, near Dubai Hills Park and Dubai Hills Mall (3rd most popular mall in Dubai).
Overview of Dubai Hills
Dubai Hills
is a central location in Dubai, developed by Emaar and Miras.
Increasing demand for properties in Dubai Hills, with limited supply.
Apartments in Dubai Hills are viewed as lucrative investment opportunities.
Villas and mansions have depreciated by over 200%, while apartments have yet to see similar price jumps.
Hide Residences Project Details
Developer
: City View (US-based).
Structure
: G+24 floors; tallest tower in Dubai Hills.
Total Residences
: 246 apartments (1, 2, and 3 bedroom).
Completion Date
: December 2026.
Service Charges
: 20-23 AED/sq ft.
Apartments come unfurnished but include fully fitted kitchen appliances.
Location Benefits
Proximity
: 50m from Dubai Hills Mall and adjacent to Dubai Hills Park.
Amenities
: Excellent leisure amenities include:
Screening room
Infinity pool
World-class gym and co-working spaces
Outdoor cinema, barbecue area, kids play area, etc.
Restaurant
: Managed by La Canteen operated by Ras.
Services Offered
Core Services
: Included in service charges, along with AORE ownership benefits.
Optional Services
: Available at an extra cost for residents.
Developers and Design Team
City View
: Experienced developer with strong background.
CEO Shawn Burton has a background in government and real estate.
Over $1 billion in assets under management.
Interior Design
: By Bishop Design, US-based.
Operators
: Nism and Echor.
Floor Plans and Pricing
Floor Plans
: All one-bedroom units have a guest powder room; two-bedroom units include maid's room.
Pricing
:
1 Bedroom: Starting at 2.1 million AED
2 Bedrooms: Around 3.8 million AED
3 Bedrooms: Around 5.5 million AED
Payment Plan
Structure
: 50% during construction, 50% at handover.
Booking Fee
: 10% plus additional fees (DLD fees, admin fee).
Resale
: Units can be flipped after 40% payment.
Conclusion
Investment Potential
: Best investment opportunity in Dubai for those who understand the market.
Individual Needs
: One-bedroom units are considered the best deal; suitable for both investors and end-users.
Contact Information
: Interested individuals can reach out via Zoom or WhatsApp.
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Full transcript