Monday, April 10, 2017
At a time when real estate prices and demand appear to be softening across Dubai, Motor City continues to be a bright spot. The volume sales of residential units in Al Hebiah First have apparently increased sharply in Q1 of 2017 compared to Q1 of 2016.
The volumes sales in the quarter were up by 50% during the quarter compared to 2016. While increase in sales transactions is predicted in a softening market as more potential purchasers scout the market, what is remarkable has been that the value of transactions which has also grown albeit at a lower 30%. This is due to the volume growth being driven by smaller apartments including studios and 1 bedroom apartment.
The rate per square foot which is a good indicator of quality of the market remained soft down marginally.
Relatively speaking Motor City appears to have outperformed the rest of the city. Can this point to greater returns over the next few months and years?
What is your opinion? Let us know by commenting below.
Sunday, April 2, 2017
The summer is here again. Motor City is now a mosaic of colors as the tree lined paths erupt into beautiful hues over the next few days and weeks.
The arrival of Dubai's summer also signals the annual makeover that Motor City receives in the form of its range of flowers in various hues. Flowering trees and plants beckon the residents out for walks and get together with neighbors.
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Saturday, December 17, 2016
Monday, June 15, 2015
Thursday, May 28, 2015
Sunday, March 22, 2015
Despite having ample dedicated parking spots in the basement, the residents continue to face challenges with disrespectful neighbors who park their cars on pavements and open spaces. Despite efforts of the community managers to maintain proper parking and safety of the residents, a few nieghbors do not want to take a little effort to park their cars in the designated spots in the basement and prefer to park in the open spaces at ground level. This problem is further compounded by guests or visitors who find it nearly impossible to find a parking spot in the community and hence end up parking on pavements.
So where does the issue lie?
Does this lie with the property developer who may have provided for significantly less parking spots for guests as compared to the number of apartments in the community?
Does this lie with the residents who do not take the effort to park their cars in the reserved parking spots that are provided for in the basements?
Please place your comments in the section below
Saturday, March 21, 2015
Monday, June 24, 2013
For most people, the sheer mention of Middle East conjures up images of desert and miles of sand.
Motor City, Dubai probably lies at the other extreme end of the scale. An oasis in many ways, Motor City is by far the greenest gated communities in Dubai. With large patches of well maintained foliage, Motor City provides that green relief that one needs after a busy day at the office.
I was pleasantly surprised to see the misty feel around the parks this morning. The weather it is changing! Cooler days are in the horizo...
The summer is here again. Motor City is now a mosaic of colors as the tree lined paths erupt into beautiful hues over the next few days an...
At a time when real estate prices and demand appear to be softening across Dubai, Motor City continues to be a bright spot. The volume sal...