The last six months have been particularly challenging for the Dubai property market, with property prices in the emirates reducing by as much as 40% in some areas. More recently however, they have been signs that the market for property in Dubai is at least beginning to stabilise, and a report out this week from Standard Chartered is the latest in a series of announcements in Dubai which are suggesting that the worst of the crisis may indeed be over. Whilst it may be too early to start mentioning the green shoots of recovery just yet, factors such as the easing of the major bank’s lending criteria may well be beginning to have an effect.

Philippe Dauba-Pantanacce, Standard Chartered Senior Economist said “The end of the freefall is encouraging. The first signs of stabilisation in Dubai’s real estate sector have appeared, taking observers by surprise since further declines were expected. Some caution is warranted, as there are still question marks surrounding population flows.”

This process of stabilisation is undoubtedly at an early stage, however the major mortgage providers have relaxed their criteria in the past couple of months, and are now offering higher loan to value ratios than were being seen at the beginning of the year. This process has undoubtedly led to an increased amount of activity in the Dubai property market of late.

The traditional summer lull is expected to begin in the next few weeks, which will undoubtedly have an impact on any potential recovery in the short term, however these positive signs do bode well for the long term dynamics of the Dubai property market, and we should start to see more encouraging signs in Q3 of this year.

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The two bedroom suites benefit from open-plan living accommodation and floor to ceiling windows, allowing natural light to stream in to each room, the perfect setting in which to relax and unwind. In addition to the spacious balcony off the living area, the two bedroom suits provide access to a private balcony off each of the bedrooms.

A large balcony opens out from the light and airy open plan living space. The full length windows allow natural light to flow through the property, which also benefits from private balconies off each bedroom.

The suites provide residents with a spacious balcony off the living area from which to appreciate the views across one of the marinas, or if having chosen a beach facing outlook, the crystal clear blue water and pure white sands. A private balcony is accessible from each of the bedrooms.

Designed to offer residents the choice of views either overlooking one of the glamorous marinas, or a beach facing aspect, the two bedroom suites also offer a spacious balcony, accessed from the living area, which makes the most of whichever view the residents select.

Aquitainia is a private island paradise, located at the centre of The World project. Benefiting from the first-class services and luxury facilities offered by a boutique hotel, Aquitainia residents can expect to achieve rental yields of 15% based on only 41% occupancy, delivering a first class rental opportunity in Dubai.

Aquitainia presents private one and two bedroom Suites, stunning three bedroom duplex Penthouses and the choice of three bedroom Water or Beach Villas, complemented by exquisite restaurants, marinas, a spa and 75-room boutique hotel.

All Aquitainia properties are secured by an Escrow account, with funds fully protected by the UAE government.

Aquitania – Location
Aquitainia is located just 4 kilometres off the Dubai coastline, set amidst the crystal blue waters of the Gulf in the most spectacular setting. Situated at the centre of The World project, Aquitainia is one of few islands just a short distance away from all four of the transportation and commercial hubs, just minutes away from its closest hub in the North. The islands of France and Spain, which make up this prestigious development, have the expanse of the main waterway of the “Atlantic” to the west, close enough to enhance its transportation links, yet discreet enough to maintain its tranquillity and provide privacy for its residents.

Aquitania – Features and facilities
In addition to the benefits of being situated in the World’s most exclusive address, the exquisite properties on Aquitainia are complemented by the finest facilities, offering every modern comfort and convenience. Residents can relax and indulge in the luxurious spa of Aquitainia’s 75-room boutique hotel or enjoy fine dining in one of the many restaurants and cafes. For those seeking total privacy Aquitainia’s concierge service can accommodate every request, delivered to your door.

Aquitania – Payment plan
All properties on Aquitainia are protected by the security of Escrow, in line with Dubai regulations. Aquitainia’s Escrow account is managed by the Dubai Islamic Bank with all funds fully guaranteed by the Dubai Government. The government stated that they will ensure no UAE national bank is exposed to credit risk, guaranteeing deposits and savings in all national banks, as well as guaranteeing all inter-bank lending operations among banks operating in the UAE.

Simply pay 15% on exchange of contract, annual instalments of 10%, 10% and 15%, with the final 50% on completion.

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