{"id":49273,"date":"2017-03-22T21:21:00","date_gmt":"2017-03-22T14:21:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/old-town-apartments-in-dubai-with-a-new-face-for-dh3-7m\/"},"modified":"2017-03-23T18:00:44","modified_gmt":"2017-03-23T11:00:44","slug":"old-town-apartments-in-dubai-with-a-new-face-for-dh3-7m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/old-town-apartments-in-dubai-with-a-new-face-for-dh3-7m\/","title":{"rendered":"Old Town apartments in Dubai with a new face for Dh3.7m"},"content":{"rendered":"


\nRick Guy is a big fan of The Old Town apartments – the series of low-rise apartment blocks arranged around the outside of Sheikh Mohammed Bin Rashid Boulevard in Emaar’s Downtown Dubai master-planned community. Well, sort of. Mr Guy, a British property professional, has developed a sideline in buying properties in the community, ripping out the fittings, upgrading them and selling them on. He says the Old Town has a lot to offer. “You’re a five-minute walk from Dubai Mall, you’re on the Boulevard, you have the Opera House, numerous restaurants.”The Old Town buildings, meanwhile, are a rare thing in that most are three-storey buildings, and even the taller mid-rise apartments are no higher than about eight storeys.”It’s the only development in Downtown that is low-rise, and you’re certainly not going to get any more because the [land] values are so high that you have to go up so many storeys to make it stack up,” says Mr Guy.For the property developer, there are only two downsides to the area: the traffic and the original decor in The Old Town apartments, which use heavy, dark woods and enclosed kitchens.This is where Mr Guy has found his niche. He has now converted four apartments in the Old Town, plus a property at Emirates Hills. The Old Town conversions have all been similar in style, although each one is tailored to the individual property with bespoke curtains, furniture and furnishings.His latest is a 1,354 square feet, two-bedroom property on the sixth floor of a Reehan community building, on the market for Dh3.7 million with Dubai-based agency Ascot & Company.”Apart from the tiles underneath the floor, there isn’t a square inch that hasn’t been ripped out and changed. All of the ceilings are new, the bathrooms are new, and they’re all marble. The cupboards and wardrobes are completely new,” he says.Mr Guy’s designs are based on making the properties much brighter, using a palette of light greys and whites for furnishing. Discrete spotlights are placed into ceiling bulkheads and feature chandeliers are added. Kitchen spaces are also opened out to create a brighter kitchen \/ dining area with a breakfast bar, and in the bathrooms baths have been removed and replaced with wet rooms.mfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Old Town apartments in Dubai with a new face for Dh3.7m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rick Guy is a big fan of The Old Town apartments – the series of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-49273","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cOJ","jetpack-related-posts":[{"id":55687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parsons-to-design-and-oversee-construction-of-mags-dh4bn-district-7-in-dubai\/","url_meta":{"origin":49273,"position":0},"title":"Parsons to design and oversee construction of MAG's Dh4bn District 7 in Dubai","date":"May 23, 2017","format":false,"excerpt":"\r The US engineering firm Parsons has been appointed to design and manage construction of Mag Property Development's Dh4 billion District 7 project in Dubai.District 7 is a new, mixed-use community that Mag Property Development is planning within Meydan City in Dubai. It is to contain 35 residential buildings, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-rise-living-in-high-rise-downtown-dubai-for-dh3-7-million-in-pictures\/","url_meta":{"origin":49273,"position":1},"title":"Low-rise living in high-rise Downtown Dubai for Dh3.7 million – in pictures","date":"March 23, 2017","format":false,"excerpt":"\r The property developer Rick Guy has created a side business in refurbishing properties in Downtown Dubai's Old Town, five minutes' walk away from The Dubai Mall.His latest is a 1,354 square feet, two-bedroom property on the sixth floor of a Reehan community building, on the market for Dh3.7 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-marina-location-without-the-stairs-for-dh11-5m\/","url_meta":{"origin":49273,"position":2},"title":"Dubai Marina location without the stairs for Dh11.5m","date":"November 24, 2016","format":false,"excerpt":"\r Known as a city in which penthouse living is very much in vogue, Dubai's urbanites have traditionally been drawn towards the tallest towers with the finest city views.But high profile building fires such as a blaze which engulfed the Address Downtown Dubai tower on New Year's Eve last year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25219,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-south-reveals-its-first-residential-district-developments-at-cityscape\/","url_meta":{"origin":49273,"position":3},"title":"Dubai South reveals its first Residential District developments at Cityscape","date":"September 7, 2016","format":false,"excerpt":"\r The first two communities to be built in Dubai South's Dh25 billion Residential District went on show at Cityscape on Tuesday, known as The Pulse and The Villages. Dubai South is the master developer owned by the Dubai Government that is building thousands of homes, shops and offices around\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/refurbished-dh7-5m-emirates-hills-town-house-well-above-par\/","url_meta":{"origin":49273,"position":4},"title":"Refurbished Dh7.5m Emirates Hills town house well above par","date":"August 4, 2016","format":false,"excerpt":"\r There aren't many homes on sale within the Emirates Hills community for under Dh7.5 million, and fewer still that are as attractive as this recently-upgraded three-bedroom town house on the doorstep of the district's Colin Montgomerie-designed golf course.This is the first town house in Dubai to benefit from the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/street-of-dreams-in-dubai-hills-is-ready-for-clients-says-emaar\/","url_meta":{"origin":49273,"position":5},"title":"Street of Dreams in Dubai Hills is ready for clients, says Emaar","date":"March 10, 2016","format":false,"excerpt":"\r \r The first units at the 11 million square metre Dubai Hills project in Mohammed bin Rashid City will be handed over to clients within the next few months. The units due for handover are at the Street of Dreams - some of the biggest villas in the middle\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/49273"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=49273"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/49273\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=49273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=49273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=49273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}