Alya Mahdy, executive director, commercial, at Jumeirah Golf Estates, looks at some important factors to consider when preparing to buy your first home.
BUYING YOUR OWN home is one of the most important things you will ever do.
Your home is the haven around which you base your entire life. It is the place where you spend your time relaxing, it is where you entertain your friends and family, it is where you raise your children and it is often the largest single financial asset within your overall net wealth.
In Dubai, with a shift towards more affordable homes and greater transparency in the market, owning property is no longer a privilege for older or high net worth individuals, but is now a goal that can be achieved by an increasingly diverse group of buyers. It is crucial for these younger age groups to know how to navigate the changing property landscape and make the most of available opportunities, to ensure that most important of financial and lifestyle steps they take is the right one.
The single biggest piece of advice that we at Jumeirah Golf Estates can offer is make sure you are properly informed; and the best way to do that is to use the right real estate broker.
In this context, two prevailing trends are relevant, one demographic, the other technological.
According to the Dubai Statistics Centre, the 25-34 age bracket in Dubai grew by over 80 per cent between 2005 and 2016. Meanwhile, technology continues to play a key role in all parts of our lives. For this age bracket, and especially in a city that has put innovation firmly at the heart of its growth strategy, technology has become a standard tool for making buying decisions, and this inevitably includes real estate.
Continue reading your story on the app
Continue reading your story in the magazine
Special Report: Money matters
Exploring the future of wealth management in the GCC
The music world's next frontier
Here’s why you should take note of the burgeoning independent Arab music scene
Shattering the status quo
Georges Kern, CEO of Breitling, is swimming against the tide and gaining market share for the Swiss luxury watchmaker. Here’s what he’s doing right
RACING FOR HYDROGEN
How gas giants are vying to stay relevant as the industry moves towards sustainable goals
A Dubai homegrown concept, The Maine, led by restaurateur Joey Ghazal is going international and taking its New England brasserie concept to London’s tony Mayfair district
Ensuring efficient SYSTEMS
Advances in UPS design can address data centre cooling challenges, says Jake Guo, Data Centre Solutions manager at Huawei ME
LADDER TO THE SKIES
It’s not just the view at the top that Bal Krishen, the CEO and chairman of UAE-based Century Financial enjoys, but also the journey of reaching there. In this exclusive interview, the enterprising executive reveals his stellar professional rise, where the investment market is headed, and what the future holds
AN ALPINE SOJOURN
Switzerland has been the bellwether and thermometer for the health of Central European tourism. It’s beginning to climb out of one of its most challenging years ever, with Switzerland Tourism CEO Martin Nydegger bullish about a strong recovery
CHECKING — IN —
The region’s biggest travel and tourism event, Arabian Travel Market, held a successful in-person and virtual edition last month in Dubai. And the big question predictably was – has the industry started to recover? Are travellers stepping back on airplanes and ready to explore new destinations as the industry adapts to the Covid crisis? Aarti Nagraj has more details
A charging bull
Stephan Winkelmann, president and CEO of Lamborghini, has laid out an ambitious roadmap for all the cars within its fleet to be hybrid models by 2024, followed by an all-new full-electric Lambo before the end of the decade. And before you ask, the V12 combustion engine will continue to breathe
Jubilee on the Lake
A lakeside property featuring docks and outdoor entertaining spaces becomes a true haven for the homeowners during the worldwide pandemic.
A Vintage Coastal Cottage
Create an easy, breezy look with color and imperfect details.
IF YOUR Block COULD Talk
Fascinating facts about the streets where we live
Free YOUR MIND
Five design tips for a complete mental refresh in your home.
A True Floridian Home
An architectural firm designs a true Floridian home for two retirees and creates an enduring escape, despite hurricane restrictions.
It's A Family Affair
The savvy owner of a décor, clothing and vintage boutique honors her family in all she creates.
Summer by the Sea
Lifestyle writer Tricia Foley documents the characteristics of unique homes she encountered after moving to Bellport, New York, a seaside oasis for creatives of all types.
A colorful palette, a unique and elegant backsplash, and thoughtful, functional updates come together in this D.C. area Craftsman cottage kitchen renovation to create a fun space for family time and hosting.
Simple steps for making a statement with your mantel
When Words Are Not Enough