Dubai to get more affordable homes
January 11, 2016 - Dubai
Dubai is usually associated with luxury property that fits with the glitz associated with the celebrities and wealthy property owners in the emirate but several new announcements now suggest otherwise.
One developer is to build a series of affordable homes in Dubai while over 200 dilapidated villas that were lying empty are to be demolished.
The moves show a different side to the emirate’s real estate market and is a reminder that not all properties are luxury apartments for the well off.
Danube Properties has unveiled an affordable housing project that will allow home owners to turn one room into two. The Ritz Project at Al Furjan includes 452 fully furnished apartments, comprising of studios, and one a d two bedroom units.
The rooms features a bed which can be tucked into the wall during the day, thus creating a larger living room space. At night it can be lowered to transform the accommodation into a bedroom.
The Ritz also includes retail space and a gym, together with an outdoor running track and swimming pool, tennis and badminton courts and a basketball area [...].
Around 250 dilapidated villas across Dubai, which are regarded as posing a public health risk, are to be demolished.
Many of the properties are caught up in inheritance disputes between family members and the rightful owner has neglected them, making them a threat to security and public health.
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