Dubai Sports City Blog

DSC News & Updates

Newly Launched project in Victory Heights, Fortuna Village

Posted By on September 24, 2014

victory heights, fortuna village

 

FortunaVillage2

A premier development in Dubai Sports City spread across 25 million square feet of green expanse Victory Heights embodies the spirit of good life.

Designed uniquely in village style, every window opens to a soothing shade of green and every home is an extension of nature.

A part of the famed Golf Course Community, Victory Heights is built on the boundaries of The Els Club – Championship Golf Course and its villas and town houses overlook the golf course designed by the legendary Ernie Els.

4 bedroom + Maid Villas available:    from 2,580

Prices starts from :     AED 1,350 per sqft.

For more information, please call us at +971 56 3454639 or 8007767

Email Us: dsc@fineandcountry.ae

Shami Tower Project, Dubai Sports City

Posted By on August 10, 2014

“It has been confirmed that a new developer has been appointed for the Shami Tower project in the community. The company is Brajeel Real Estate Development LLC which is owned by Mr. Majid Hilal and their involvement has been approved by RERA.

The building consists of a  ground floor plus 17 additional floors compromising a total of 238 apartments. Brajeel are hoping to finish the project within the next 24 months. Shami Tower is situated in the eastern corner of DSC within 150 metres of the new mosque and close to the Ernie Els golf club driving range”.

By;

nick
Nicholas Robinson
DSC Specialist.

NEW DSC Community to be completed by March.

Posted By on July 30, 2014

Sol Properties, a subsidiary of the Bhatia Group, has launched Bloomingdale, a gated community comprising 72 residential villas in Dubai Sports City.  The developer said the four and five bedroom villas will be equipped with elegant Italian appliances, spacious living spaces, huge rooftop terraces, an open-plan design, build-in wardrobes and premium fixtures and fittings.

The five-bedroom units will have a built up area of 3,331 sqft., with an additional 539 sqft. of terrace space.  The four –bedroom villas are spread out over 3,195 sqft. with a 439 sqft. terrace.

Buyers pay 10% as down payment and 10% after three months, with the remaining 80 % on completion.  The developer expects the project to be completed by march.

“We feel that there is steady and clear demand for good-quality villas in Dubai and Bloomingdale offers exceptionally well-designed units in terms of layout and finishing,” said Pawan Batavia, Director of Synergy Properites.

Mall development heats up

Posted By on June 18, 2014

“UK and US retailers are frustrated by the lack of space,” said Maclean. ”Around 100 are waiting to get into Mall of the Emirates [MoE] and about the same number into The Dubai Mall.”

Maclean also noted that rising rents don’t seem to be a concern, especially with European retailers. Mature markets Abu Dhabi and Dubai are considered mature markets, but follow different trends. ”Abu Dhabi’s new retail- ers, such as at The Galleria and upcoming Yas Mall, have helped improve the ranking of the UAE overall, following the global trend where lux-ury fashion dominates new market entrants. Dubai, how-ever, signals a mature market expansion,” said Maclean.

Cafes and restaurants account for the largest retail segment that want to oper-ate in Dubai, followed by a mix of retailers that include pet shops and pharmacies and then by mid-range fash-ion brands.

Experts say the ongoing expansion oflarge malls, such as The Dubai Mall and MaE, and the development of a su-per mall at Mohammad Bin Rashid City will complement Dubai’s goal of attracting 20 million tourists in 2020.

“There is room for a large mall for the future,” said Ma-clean. “The market capacity to absorb more retail is there.”

The report also revealed that it is the smaller retail-ers that are looking to grow faster, while the large ones are more focused on con-solidating their footprint and expansion. However, Dubai may have to fast-track new projects for small retailers.

Community malls

“We don’t have room for the smaller retailers,” said Maclean. “We need to create retail space for them within residential areas.”

While a number of ma-jor retail projects are un-derway such as the Nakheel Mall and Le Pointe on The Palm Iumeirah, the ongoing trend bodes well for smaller
1

The Dubai Mall (above) and other leading malls in the emirate are continuing to expand
their retail offerings, luring shoppers with a wider range of choices and new experiences

community malls and retail strips, which are springing up around Dubai, such as The Beach and City Walk.

Majid Al Futtaim (MAF) Properties, which is spending Dh22 million to redevelop the Deira City Centre and around Dhl billion to expand MoE, is also investing in the new community mall concept.

Five are already operating in Sharjah under the Matajer brand through MAF’s Sharjah Holding joint venture with the government, while Dubai will have its first My City
Centre in Tecom’s IMPZ.

“We’ll be growing Vox cinemas and moving exist-ing and new retail around,” said George Kostas, CEO of MAF Properties. “There is a lot of demand from residents to create a lifestyle. The mar-ket isn’t at risk of saturation. We’re investing Dh3 billion today, seeing an enormous potential to build more for both tourists and residents.”

MAF’s malls in Dubai saw an 8 per cent growth in foot-fall last year. Interestingly, 75 per cent of shoppers at MoE are UAE residents. “Tourism is great to have, but our business is focused on residents,” said Kostas.

The rise in retail has also brought challenges as retail-ers are crying out for logistic support. “Shelves shouldn’t have to wait for two to three months to be restocked,” said Maclean. “This is a great op- portunity for developers, cautious up to now, to build logistics infrastructure. The surge in residential develop- ment is leading to the com-
mercial sector catching up.”

Source: Property Weekly

Khaleej Times and Dubai Sports City sign deal

Posted By on March 18, 2014

Following a business deal signed between the two entities, residents of Dubai Sports City can now subscribe to Khaleej Times, the UAE’s first English newspaper.

kt & dubai sports city

(From left) Faisal Manningal and Constance Moraes, Assistant Circulation Manager and Circulation Manager, respectively, of Khaleej Times; Saghir Ahmed Khan; Vijay Sajjanhar; and Rajeshree Iyer, Head of Marketing, Dubai Sports City, during the deal-signing ceremony. — KT photo

Chief Financial Officer of DSC Vijay Sajjanhar and Khaleej Times Senior Vice-President, Finance and Operations, Saghir Ahmed Khan signed the contract at the DSC headquarters on Thursday.

Khan said there was no better time to bolster Khaleej Times’ long association with DSC. “I am sure this breakthrough, which is in line with DSC’s expansion plans, will benefit both of us,” he added…Read More

2 Dubai bus routes launched to meet rising demand

Posted By on March 4, 2014

Route F29 to link Mall of the Emirates Metro Station with Dubai Sports City

Two bus routes have been launched, while a third has been rerouted to link metro stations from March 1 to meet rising demand by commuters, the Roads and Transport Agency (RTA) said on Friday.

Route F29, which is a metro feeder route, starts from the Mall of the Emirates Metro Station and heads towards the Media Production Zone via the Motor City Autodrome and the Dubai Sports City (DSC). It will pass Lulu Supermarket at Al Barsha, Dubai American Academy, Avenue Design, Service Staffs Clinic at Al Quoz, Motor City Spinneys, Motor City Dubai Autodrome and the Dubai Investment Park.

sports city

It connects a number of stops inside DSC including the head office of the International Cricket Council, Victory Heights East Gate, Dubai Cricket Stadium, Golf Tower, and Victory Heights West Gate.

DSC General Manager (Sports Business), Maqbul Dudhia, said: “The fact the service is set to get underway when we are hosting such a great day of sport on Saturday is really great news as it ensures that the action is available to as many people as possible. Entry to both events — the ICC Under-19 Cricket World Cup final and the finals of the Dubai Schools Cup — is free, so the cost of a great day out experiencing great sport in world-class facilities is hopefully within the range of everyone.”

Source: khaleejtimes

Dubai Sports City Transformation!!

Posted By on February 18, 2014

dsc2

From an infertile dessert into a land of abundant greenery with luxurious residences and state of the art sports venues and stadium. Dubai Sports City has now become a metropolis of stadiums, sports academies, offices, retail and residential homes spread across 50 million square feet in Dubailand development.

Numbers of facilities are now fully developed and operational including 18-hole championship golf course, a rugby stadium for up to 5,000 spectators, a 25,000 capacity dedicated cricket stadium. It also houses the Bradenton Preparatory Academy, a college prep school, which follows the American Baccalaureate Curriculum.

Dubai Sports City is also home to a number of globally recognized training and development brands, including the Football Academy, Socatots, Butch Harmon School of Golf, Spanish Soccer Schools and academies for cricket, rugby and athletics.

The 7 phases of Victory Heights; Esmeralda, Novelia, Carmen, Estella, Olivia, Calida and Morella are all completed.

Canal Residence West Phase I is close to completion with Mediterranean Building handed over last October 2013, European expected to be handed over this March 2014 and Venetian Building to complete construction by 1st quarter of 2015.

Gallery Villas high-end villa community located overlooking the sixth hole of the Ernie Els-designed championship golf course has also started handed over last December 2013.

DUBAI SPORTS CITY Provides investors with great options on accessible properties

Posted By on January 9, 2014

Dubai’s property market is not only active but also provides investors with a wide array of choices. Depending on one’s budget, one can get properties of their choice since there are many diverse options to choose from.

Dubai Sports City (DSC) supply a large amount of options for investors or for buyers who are looking at an opportunity to acquire their own property in the mid-budget segment,.

One key benefit is there are multiple developers, thereby, providing buyers with a wider choice base.

According to available reports, the value of dealings at DSC during the third quarter of 2013 has significantly gone up when compared to the same period in 2012. This is a strong indication of a growing demand. Be it a five-bedroom villa or a one bedroom apartment, the demand is on an increase. The rents for 1 bedroom and 2 bedroom apartments have also shown a substantial improvement when compared to the previous year.

A lot of investors have seen a solid value appreciation in their property mainly on account of the community lifestyle as well as the self-sufficient infrastructure and other facilities that are in place. DSC’s location has also helped in enhancing the value. Given the proximity to the always-in-demand Arabian Ranches and Motor City, and the easy access offered by being on Mohammed Bin Zayed Road, DSC has become the preferred choice for many people.

One significant factor is DSC is seen the world’s first integrated sports city. Quite recently, Dubai achieved another success by acquiring the silver medal for Best Sports City in the World 2013 at an international ceremony that took place in London. This is a clear recognition for the facilities that are being offered and would add to increasing demand for the location.

Source: Gulf News, January 2, 2014

By: Suraj Rajshekar

Dubai Sports City provides investors with great options on accessible properties

Posted By on January 2, 2014

There’s something for everyone at Dubai Sports City.

The Dubai property market is not only dynamic but also provides investors with a wide range of choices. Depending on one’s budget, one can get properties of their choice since there are many different options to choose from.
For investors or for buyers who are looking at an opportunity to acquire their own property in the mid-budget segment, Dubai Sports City (DSC) provides a plethora of options. One major advantage is there are multiple developers, thereby, providing buyers with a wider choice base.
According to available reports, the value of transactions at DSC during the third quarter of 2013 has considerably gone up when compared to the same period in 2012. This is a strong indication of a growing demand. Be it a five-bedroom villa or a one- bedroom apartment, the demand is on an increase. The rents for one-bedroom and two-bedroom apartments have also shown a substantial enhancement when compared to the previous year.
Many of the investors have seen a solid value appreciation in their property primarily on account of the community lifestyle as well as the self -sufficient infrastructure and other facilities that are in place. DSC’s location has also helped-in enhancing the value. Given the proximity to the always-in-demand Arabian Ranches and MotorCity, and the easy access offered by being on Mohammed Bin Zayed Road, DSC has become the preferred choice for many people.

One important factor is DSC is seen as the world’s first integrated sports city. Quite recently, Dubai achieved another accomplishment by acquiring the silver medal for Best Sports City in the World 2013 at an international ceremony that took place in London. This is a dear recognition for the facilities that are being offered and would add to growing demand for the location.

 

Source – Gulf News

Shaikh Mohammad issues decree on property rent caps in Dubai while renewing tenancy contracts

Posted By on December 23, 2013

The Decree issued by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai states that if the rent of the renewed property unit is less than 10% of the average similar rent value in the locality, Landlords will not be allowed to raise rents. The Decree, No. 43 of 2013, sets a specific band on how the optimum rental increases that a landlord can demand while renewing leases.

Future rent increases in Dubai will be decided by a weighted average of what properties in that particular area command instead of an arbitrary demand by a landlord. This will be applied in both residential and commercial property in the emirate.

This will be be applicable to private and public sector owned properties in Dubai, as well as — pertinently enough — within the free zones.

Landlords can raise rents on renewals by:

  • 5 % if the earlier rental is 11 to 20 per cent lower than the average rent for a similar property;
  • 10 % if the rental is 21 to 30 per cent lower than the current going rates for properties of a similar scale;
  • 15 % if the rent is as low as 31 to 40 per cent than comparable ones; and
  • 20 % if a property’s rental is more than 40 per cent less than the average.

The Decree takes effect from the date of issue and will be published in the gazette.

In a statement, the Dubai Government emphasized the need to abide by the new regulations.

Source: Gulf News