Perfect time’ for real estate as Next Move Live opens

Visitors at the Next Move Live exhibition in Dubai on Thursday. — KT photo by Mustafa Khan

The three-day event, running at Dubai’s Madinat Arena at Madinat Jumeirah, offers a platform for thousands of potential home buyers to learn all there is to know about purchasing their own property under one roof, organisers said in a statement.

With the renewed confidence in the property market across the UAE, Next Move Live Platinum Sponsors Aldar Properties has joined forces with Abu Dhabi Municipality to obtain title deeds for all buyers of residential real estate, to ensure further protection for buyers and lenders.

Paul Middleton, executive director for commercial at Aldar Properties, said: “Prices are generally on the rise, banks are pushing lending again and mortgage rates remain relatively low. It is an attractive time for consumers to buy and Next Move Live takes place at the perfect time following the revival of the real estate market.”

“We are looking forward to three days of intense activity as we offer a range of units for sale and leasing at Gate Towers, Al Ghadeer and Al Rayanna, some of our key developments. Each one has its own design, amenities, features and community feel making them attractive to different market segments.”

The UAE’s leading finance providers are also on hand at Next Move Live, including Official Banking Sponsor Commercial Bank of Dubai, offering consumers information about their mortgage products and providing preliminary quotations and approvals for loans. Proving a popular hit with customers last year, UAE developer Seven Tides launched the second phase of their deluxe Anantara Residences after prices on Palm Jumeirah increased by 21 per cent in the final quarter of 2013.

“We launched the next phase of our Anantara Residences project having secured sales for 80 per cent of our existing stock in the first phase,” said Abdulla bin Sulayem, chief executive officer of Seven Tides. “The market is exceptionally buoyant at the moment and property on the Palm Jumeirah is highly sought after, so Next Move Live is a great time to release the second part of our luxury development.”

“The fact that the apartments are already constructed is obviously a distinct advantage for buyers who can sign today and be swimming in the lagoons and enjoying the Palm Jumeirah lifestyle tomorrow.”

Meanwhile, Orient Desert Real Estate, Gold Sponsor of Next Move Live, is providing customers who buy a property at the exhibition a complimentary 3D interior graphic concept worth Dh10,000 and a piece of art work worth up to Dh4,000. Additionally, for those clients that purchase a property between Dh5 and Dh10 million, the Dubai-based real estate company will provide free property consultancy valued at Dh20,000 plus a 40-minute helicopter ride of Dubai.

“It’s great to see such a large number of people looking to buy their own property,” said Wouter Molman, director of Cityscape Group, organisers of Next Move Live.

“This mirrors the Dubai property market sentiment which has gained a lot of momentum since the announcement of World Expo 2020. Next Move Live provides a place where people can get the answers to all of their questions related to buying or renting a property in one convenient location.”

— issacjohn@khaleejtimes.com