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.