{"id":58230,"date":"2017-06-18T00:51:09","date_gmt":"2017-06-17T17:51:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=58230"},"modified":"2017-06-17T23:02:50","modified_gmt":"2017-06-17T16:02:50","slug":"dubai-dwellers-pay-more-for-access-to-schools-and-shops","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-dwellers-pay-more-for-access-to-schools-and-shops\/","title":{"rendered":"Dubai dwellers pay more for access to schools and shops"},"content":{"rendered":"


\nCommunity facilities such as schools, shops and other social infrastructure can increase prices of Dubai homes by up to 30 per cent when compared with standard residential property, according to a new Colliers report.The study found communities with a mix of three or more different classes of income-generating properties – schools, offices, retail, hospitals or sports facilities – attract higher rents than standard developments within other parts of the city. Communities with walkable space, or those overlooking water or golf courses also attract higher values.
\nIan Albert, the director for Colliers’ Middle East and North Africa region, said the “connectivity of uses” also helps, with better integrated communities benefiting the most. “You want to have a connection between daytime and evening so you have a transition through the whole day,” said Mr Albert. “That’s really what a mixed use would be. For example, if you look at Downtown, you have offices down there, you have retail and you have residential. There really is a mix between the three. If you move into DIFC, it has some residential now – not as much, but it is coming. But really, it’s offices and at the end of the day it closes down and everyone goes home.”
\nThe Colliers study found that communities with good schools tend to have an 11 to 15 per cent premium – although homes closest to schools can suffer if parking is a problem, Mr Albert said. Homes with a water view are typically 10 to 15 per cent more expensive, whereas those having a golf course view also attract a 15 per cent premium in Dubai. The study also found that buyers and renters of properties were willing to pay a premium for branded communities built by certain developers. In Dubai, it estimates that the maximum premium available for good, mixed-use communities by a reputable branded developer was between 40 to 46 per cent, with 26 to 30 per cent of that premium attached to the brand. .
\nFaisal Durrani, the head of research at property consultancy Cluttons, said it had conducted its own study of the premium that homes with certain views attract, and in Downtown Dubai homes with a Burj Khalifa are generally 30 to 40 per cent more expensive than those without.”I don’t actually know if people are consciously aware that they have to pay that premium when things are marketed that they have a full view of the Burj Khalifa,” he said.
\nIt also found that homes in Arabian Ranches that overlooked the golf course were 15 to 20 per cent more expensive than those without. mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Dubai dwellers pay more for access to schools and shops<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Community facilities such as schools, shops and other social infrastructure can increase prices of Dubai...<\/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-58230","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-f9c","jetpack-related-posts":[{"id":25487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-expands-into-egyptian-mixed-use-projects\/","url_meta":{"origin":58230,"position":0},"title":"Majid Al Futtaim expands into Egyptian mixed-use projects","date":"September 8, 2016","format":false,"excerpt":"\r Majid Al Futtaim plans to start mixed-use real estate development next year as it expands from its core retail activities.It is waiting to acquire land in the country, said Hawazen Esber, the chief executive of Majid Al Futtaim Communities, on the sidelines of Citiscape Global in Dubai.He declined to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phoenix-road-apartments-shops-make-second-attempt-at-collective-sale\/","url_meta":{"origin":58230,"position":1},"title":"Phoenix Road apartments, shops make second attempt at collective sale","date":"June 27, 2019","format":false,"excerpt":"\r A row of shops and apartments at Phoenix Road in Bukit Panjang has been put up for collective sale for the second time by its owners, with the price unchanged at $42 million. It was first put up for collective sale in November 2018. \u201cOwing to a higher estimated\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prestige-one-ropes-in-colliers-to-enhance-quality-delivery-standards-for-dubai-projects\/","url_meta":{"origin":58230,"position":2},"title":"Prestige One ropes in Colliers to enhance quality, delivery standards for Dubai projects","date":"June 24, 2024","format":false,"excerpt":"\r The collaboration will involve a comprehensive review of current processes, identification of areas for improvement, and implementation of best practices to ensure that Prestige One\u2019s projects are executed flawlessly\r \r Source : arabianbusiness.com\r Read more...Prestige One ropes in Colliers to enhance quality, delivery standards for Dubai projects","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/06\/Prestige-One-x-Colliers-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":57518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eagle-hills-to-build-new-hotel-and-gated-community-in-fujairah\/","url_meta":{"origin":58230,"position":3},"title":"Eagle Hills to build new hotel and gated community in Fujairah","date":"June 11, 2017","format":false,"excerpt":"\r Eagle Hills has announced plans to build its second five-star hotel in Fujairah.The Abu Dhabi-based developer, which is already building The Address Fujairah Resort + Spa, has said that it will also open the Palace Fujairah Beach hotel. Both are being managed by Emaar Hospitality Group's Address Hotels &\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/azizi-launches-its-first-serviced-apartment-project-in-dubai\/","url_meta":{"origin":58230,"position":4},"title":"Azizi launches its first serviced apartment project in Dubai","date":"April 18, 2016","format":false,"excerpt":"\r \r Azizi Developments is opening its first serviced apartment project in Dubai.The Dh460-million Candace project is located in the Al Furjan district of Dubai, close to Jebel Ali.The residences are expected to be ready by the third quarter of 2017. They will be operated by Candace Hotel and Resorts,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/row-of-apartments-in-phoenix-road-up-for-collective-sale-at-42m\/","url_meta":{"origin":58230,"position":5},"title":"Row of apartments in Phoenix Road up for collective sale at $42m","date":"November 29, 2018","format":false,"excerpt":"\r The site is located near Phoenix LRT station and Bukit Panjang MRT station and bus interchange. 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