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.