Black Arrow Real Estate

Lately, I have been receiving numerous inquiries from people asking which areas they should focus on when buying properties in Dubai. This question holds significant importance in Dubai's property market. It is crucial to recognize that Dubai is a rapidly evolving city, with the government frequently introducing new developments and plans. These initiatives can have both positive and negative impacts on the property values of specific areas. Therefore, conducting thorough research on the targeted area and its planned developments by the government or other organizations is essential. To illustrate this point, let me provide an example that I often share with my customers. In Downtown Dubai, there is a substantial difference in property prices between apartments with a view of the Dancing Fountain and those without. We can confidently state that a one-bedroom apartment with a Dancing Fountain view would cost at least AED 300,000 more than an apartment without such a view. Now, let...

Finally, after six years, the title deed for Uptown Mirdiff property has been issued by the Dubai Land Department. Throughout this time, the project was not registered with the department. Uptown Mirdiff has always experienced a high demand for rental properties. Since the announcement of Expo 2020 and the issuance of title deeds, property prices have surged in the past six months. In January 2014, a 2-bedroom apartment in Uptown Mirdiff was priced around AED 1.6 million. Currently, the market price for a similar property is approximately AED 2 million, reflecting a 25% increase in the last five months. It appears that property values will continue to rise even further. Union Properties has already invested in expanding the Uptown Mirdiff Shopping Mall, with construction underway in the area adjacent to the food court. These additional retail spaces and improvements are expected to boost property values. The completion of the mosque is also near, and it is anticipated to open ...