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MYLO MYLO real estate 32 pages of properties HOMES Spring 2016 mylorealestate.com TIME TO BUY IN THE UK? Why we are perfectly placed to help you expand your property portfolio into the UK DUBAI HOMES Available to rent and buy in the very heart of Dubai Market Update Residential SALES Beautiful that we promise you’ll LOVE

Mylo Homes Magazine Spring 2016

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Page 1: Mylo Homes Magazine Spring 2016

MYLO

MYLOr e a l e s t a t e

32pages of properties

HOMES

Spring 2016

mylorealestate.com

TIME TO BUY

IN THE UK?Why we are perfectly

placed to help you expand your property portfolio into the UK

DUBAI HOMESAvailable to rent and buy in the very heart of Dubai Market Update

Residential SALES

Beautiful

that we promise you’ll LOVE

Page 2: Mylo Homes Magazine Spring 2016

A message from our MDHaving ended 2015 on a high after being awarded ‘Property Consultancy of the Year Middle East’ at the International Property Awards we wondered what the start of 2016 would bring.

There is an air of optimism here at MYLO, which has been backed up with an increase in enquires of 37% during Q1 2016 compared to Q4 2015, with actual transactions up 24% respectfully. Jamie Majid, our CEO and member of the RICS, has an interesting read on the Dubai real estate market (Page 4-5) and in particular the changes which has happened over the last 12 months.

We are pleased to say that since our last edition we have expanded our business in a number of different fields. We are now actively working in Arabian Ranches 1 and 2, Motor City and Victory Heights. We have opened our London office to assist UAE clients to acquire residential and commercial property in the UK and finally offering programs to obtain citizenships or passports in over 15 different countries.

We have recently been issued our valuation license from RERA enabling MYLO Real Es-tate to offer residential and commercial valua-tions here in the UAE. A recent new UAE law was passed which meant that valuation firms have to fulfil strict criteria. This sits alongside our RICS membership, being the leading global professional organization for Real Estate.

So all in all it’s been a busy few months since the start of the year and are looking forward to seeing what the next three months bring!

I hope you enjoy reading our magazine.

Warm regards,

MYLO Real Estate is a member of the prestigious Royal Institution of Chartered Surveyors.

The RICS is an international professional body with over 100,000 members. They represent everything professional and ethical in land, property and construction. They regulate and promote the profession; maintain the highest educational and professional standards; protect clients and consumers via a strict code of ethics; and provide impartial advice, analysis and guidance.

MYLO’s membership means that in addition to real estate brokerage we can offer the services of bank valuations and consultancy.

What is RICS?

ONLINE

FACEBOOK

TWITTER

facebook.com/mylorealestate

twitter.com/mylorealestate

INSTAGRAMinstagram/mylorealestate

www.mylorealestate.com Browse all our properties

R E A L E S T A T E

HIGHLY COMMENDED

PROPERTY CONSULTANCY DUBAI

Mylo Real Estate / Mylo Group / 5 Star PR

WELCOME

Page 3: Mylo Homes Magazine Spring 2016

4 UAE MARKET UPDATEWhere the market is going over the next year and why now is a great time to buy if you’ve been renting for a while.

CONTENTS

ContentsSpring Issue

6

mylorealestate.com 03

Everyone’s talking about investing in beautiful England

16 NEED MORE TRAVEL FREEDOM?Find out more why about why it is more important than ever to have your property accurately valued by a professional.

6 INVESTING IN THE UK IS EASYCurrent exchange rates makes the UK an attractive place to invest for those looking to expand their property portfolio.

8 PROPERTIES EXCLUSIVE TO MYLOA selection of stunning properties in our favourite areas exclusively listed by us.

18 SALES GALLERYA selection of our favourite properties currently availbale to buy around the city

23 RENTALS GALLERYThe perfect beach villa with fantastic views of the city. For sale and available to view now.

The Lakes Golden Mile Jumeirah Park

8 9 11

Page 4: Mylo Homes Magazine Spring 2016

I am often asked this question by clients looking to buy, sell, rent or lease.

As a proud member of the UK’s highly respected Royal Institution of Chartered Surveyors (RICS) we are professionally obliged to provide advice that is based on credible data and expert analysis, rather than industry gossip.

Throughout 2015 Dubai saw a correction in the real estate market which started in Q2 2014 and has continued up until today. This correction was evidenced as a decline in property prices, in both the rental and sales sectors.

Now, before you start questioning if a recession is on the horizon, it’s important to consider the fundamentals of a property market. A long-term, sustainable property market requires the rate of increase in capital and rental

values to be on par with wage increase. Or in other words, when people are earning and spending more, prices of goods go up and generally speaking, demand for real estate increases too.

Over the last few years UAE salaries, generally speaking, have remained stagnant. At the same time we witnessed a sharp increase in property prices and rental values. The combination of property prices going up and spending power remaining the same, saw the market correcting itself in early 2015. In real terms, this means we have seen house values drop between 5% (in prime areas, popular with expats) to 20% (in developing areas that have yet to see in influx of expats).

Advice to our Clients

There are 3 different parties that make up the UAE real estate market: investors, owner-occupiers

and tenants. The following provides some guidance to help your future plans.

Investors

At current prices, investors are yielding an average return of between 6-7% per annum. If you assume borrowing costs between 3%-4% and no tax on income, this provides a healthy annual return to any investor. An investor considering real estate, will make a comparison with the returns they could get in other investment categories, usually being equities, bonds, banks and, in some cases, precious metals.

Since the start of this year, global markets have seen volatility, mainly in the oil and gas sector, banking and mining stocks. These sectors provide a large portion of the major indexes. The situation has been fuelled by falling oil prices, a slowdown from major

REAL ESTATEWhat is really happening in the Dubai market?

Residential

UAE MARKET

By Jamie Majid, Partner and Chartered Surveyor, Member of RICS

Page 5: Mylo Homes Magazine Spring 2016

‘‘ ‘‘Ongoing government investment in the

country’s future means the long-term future

for the real estate market is positive

importers (such as China) as well as political and economic uncertainly in some parts of the world. Subsequently, investor confidence in equities and bonds has dampened.

Compared to the average 6-7% return on UAE real estate, global bonds are providing mixed returns to investors depending on the risk profile of the country. A 10-year UK bond is yielding 1.56% and a 10-year US bond is yielding 1.86% per annum. Banks offer low, medium and high-risk returns in various funds ranging between 1% to over 6%. However, since the vast majority of banks invest in equities, annual returns on funds are also volatile and in some cases returns not guaranteed by the banks (mainly in higher yielding products).

We continue to see strong demand from tenants looking to rent in prime expat areas of the city. This goes back to the old saying that property investment is all about location. If borrowing costs remain at 3% and current rental prices in strong prime areas hold their value, healthy net yields of 6-7% can be achieved.

In conclusion, as the equity markets are volatile and borrowing costs remain low, real estate (as an investment)remains attractive. Therefore investor appetite should come back to the market in a healthy and positive manner.

Owner-occupiers

Usually, if you assume 25% down payment (properties below 5m AED) then it is cheaper to buy (at current borrowing rates) rather than rent in prime expat areas in Dubai. If you are a buyer who has been renting for a number of years then there is

an obvious advantage of putting your money into paying off your mortgage. If prices decline and rise again, it will be of little importance, assuming you have no urgency to sell and your borrowing costs remain the same.

We strongly recommend owner-occupiers consider looking at established areas in Dubai where you may not necessarily see any short-term capital appreciation but in the same breath may not see much capital decline.

Tenants

There has been little change in rental values in prime areas. This is a simple case of supply and demand. Supply in prime, established areas is limited and demand is strong. This is in contrast to other less well-developed real estate areas where there is a large supply but less demand. These areas are the ones that are positioned in “future areas” as part of the Dubai master plan where there is less developed landscaping, adjoining infrastructure and general community feel.

If you are a tenant looking to rent there are many options in the market if you look at less developed areas, which in turn will offer some cheaper properties.

From a tenants perspective, there is always the weigh up of saving money by renting in a less developed area against paying more in rent within a developed area. Each tenant, whether a single or family will have their own set of priorities.

Government vision should give confidence to buyers.

The overall vision of the UAE is absolutely crucial to long-term sustainability. The vision is clear that the UAE (and especially Dubai) has the ambition of being a major global player alongside the likes of London, New York and Paris. Currently only 30% of Dubai’s revenue is dependent on oil and the future goal is to make Dubai’s economy completely non-reliant on oil revenue by creating a business, tourist and logistics (trading) hub at the centre of the world. The new Al Maktoum Airport will, in 10 years, have the ability to cater for 26.5m passengers per annum, which will make it (by far) the largest airport worldwide.

Ongoing Government investment in the country’s future development and growth coupled with the UAE continuing to be a place where business is open and expats are able to live and work, means the long-term future for the real estate market is positive.

Please feel free to give me a call at any time to discuss your own real estate needs here in the United Arab Emirates.

Jamie

Jamie Majid MRICS+971 508 758 442

[email protected]

mylorealestate.com 05

Page 6: Mylo Homes Magazine Spring 2016

Is it time to

INVESTin the UK?

INVESTMENT

About 61 per cent of investors from the UAE are likely to make global property investments this

year, with London and New York the two favoured destinations.

The survey, conducted with YouGov, found that wealthy investors – those with US$1 million or more to spend on property – favoured London because

of the currency advantages between the UK pound and the US dollar.

* The National, 16 March, 2016

Page 7: Mylo Homes Magazine Spring 2016

in the UK?

mylorealestate.com 07

HAVE YOU EVER CONSIDERED BUYING IN THE UK?

MYLO has an office in London that can facilitate the purchase of properties in the UK.

We have a range of new build apartments and traditional homes for sale starting at as little as 990,000 AED.

We can arrange a UK mortgage for you through our preferred partner MENA Mortgage Service.

Please get in touch today to discuss your UK requirements or if you wish to receive our Free UK Market Report.

Please call +971 50 914 4219 for more information.

Source: Knight Frank, Savills, JLL Residential Research

mylorealestate.com 07

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Central London house price forecast is very favourable for investors

JLL

Knight Frank

Savills

Central London house price forecasts remain positive

Page 8: Mylo Homes Magazine Spring 2016

exclusiv

e

This lovely type 16 , 5 bedroom plus study family home is situated in the heart of Maeen in the

ever popular Lakes Development. It benefits from a large garden and the communal pool is just a short walk away. The villa is also within walking distance to the Dubai International Academy school.

ref: S-102150

THE LAKESMAEEN

AED 5,300,0005 bed 4 bath 4,083 sqft BUA

Please call 050 914 4219 for a viewing

EXCLUSIVE

Page 9: Mylo Homes Magazine Spring 2016

This beautiful 2 bedroom apartment offers a luxury living solution for a family

who wants to be part of the 8th Wonder of the World. The Golden Mile Galleria now offers shop, cafes and restaurants on your doorstep along with the Al Ittihad Park that is perfect for an evening stroll and arranging playdates with your little ones.

ref: S-103028

GOLDEN MILE

AED 2,550,0002 bed 2 bath 1,878 sqft BUA

Please call 050 914 4219 for a viewing

EXCLUSIVE

mylorealestate.com 09

exclusiv

e

Page 10: Mylo Homes Magazine Spring 2016

EXCLUSIVE

This well maintained type 3M villa, located in Springs 12, new to the market with Mylo Real

Estate. Located near to the new Springs Mall, the villa benefits from a large plot and being owner occupied with a maintenance contract since handover.

ref: S-103099

THE SPRINGSSPRINGS 12

AED 2,600,0003 bed 2 bath 2,456 sqft BUA

Please call 050 914 4219 for a viewing

exclusiv

e

Page 11: Mylo Homes Magazine Spring 2016

mylorealestate.com 11

EXCLUSIVE

exclusiv

e

This stunning Legacy Large 3 bedroom plus maid’s family home is situated in the heart

of package 6 in the ever popular Jumeirah Park Development. It benefits from a large landscaped garden and a good sized family area upstairs. The villa is also within walking distance to the The Pavillion Malll.

ref: S-103074

JUMEIRAH PARKLEGACY VILLA

AED 4,500,0003 bed 3 bath 3,527 sqft BUA

Please call 050 914 4219 for a viewing

Page 12: Mylo Homes Magazine Spring 2016

exclusiv

e

This stunning 2 bedroom, end unit townhouse, is situated in the heart of district 9, parallel to the

canal. The well designed garden benefits from an al fresco dining area and sunken Jacuzzi. The villa has a spacious living area, kitchen and maid’s room. Upstairs there are two great sized bedrooms and the option to convert the large spacious landing area into a third bedroom.

ref: S-102971

JVTTOWNHOUSE

AED 2,325,0002 bed 2 bath 2,992 sqft BUA

EXCLUSIVE

Please call 050 914 4219 for a viewing

Page 13: Mylo Homes Magazine Spring 2016

mylorealestate.com 13

EXCLUSIVE

exclusiv

e

This lovely type 18, 3 bedroom plus maids family situated in the heart of Maeen in the ever

popular Lakes Development. It benefits from a large garden and the communal pool is just a short walk away. The villa is also within walking distance to the Dubai International Academy school.

ref: S-103046

THE LAKESMAEEN

AED 4,600,0003 bed 3 bath 3,672 sqft BUA

Please call 050 914 4219 for a viewing

Page 14: Mylo Homes Magazine Spring 2016

EXCLUSIVE

exclusiv

e

New to the market is this stunning type A1 villa located in The Villa, Dubai

Land. The property boasts a huge plot which over looks a beautiful courtyard in a quiet location. The villa is spacious and inspired by the charm of Spanish architecture. The villa benefits from it’s own pool and convenient location close to all amentities.

ref: S-102996

THE VILLACENTRO

AED 3,300,0005 bed 5 bath 3,600 sqft BUA

Please call 050 914 4219 for a viewing

Page 15: Mylo Homes Magazine Spring 2016

mylorealestate.com 15

OFF-PLAN

Payment Plan

1st

Installment

Purchase Date

10%

40% Construction

Completion

10%

30 Mar 2018*

60% Construction

Completion

10%

30 Jul 2018*

100% Construction

Completion

10%

31 Mar 2019*

Post-Handover

10%

30 Sep 2019

Post-Handover

10%

30 Mar 2020

Post-Handover

10%

30 Sep 2020

Post-Handover

10%

30 Mar 2021

10%

30 Oct 2016

2nd

Installment

10%

30 May 2017

3rd

Installment

SIDRA at Dubai Hills Estate

Sidra, a community of premium villas, is the latest addition to Dubai Hills Estate. These elegant

homes are designed exclusively for those with a taste for contemporary living. The five types ofvillas range from 3,102 - 4,283 sq. ft. and offer 3 – 5 bedrooms.

Everything you could need and want for the best of lifestyle is within the community. This is

where convenience meets you at the comfort of your home.

For more details on Sidra

please contact 800 36227 (UAE)

or +971 4 3661688 (international)

* Estimated construction completion date

DUBAI HILLSSIDRASidra, a community of premium villas, is the latest addition to Dubai Hills Estate. These elegant homes are designed exclusively for those with a taste for contemporary living. The five types of villas range from 3,102 - 4,283 sq ft. and offer 3-5 bedrooms.

Sidra is strategically located on the Al Khail road in the heart of the new Mohammed Bin Rashid City.

Payment Plan

1st

Installment

Purchase Date

10%

40% Construction

Completion

10%

30 Mar 2018*

60% Construction

Completion

10%

30 Jul 2018*

100% Construction

Completion

10%

31 Mar 2019*

Post-Handover

10%

30 Sep 2019

Post-Handover

10%

30 Mar 2020

Post-Handover

10%

30 Sep 2020

Post-Handover

10%

30 Mar 2021

10%

30 Oct 2016

2nd

Installment

10%

30 May 2017

3rd

Installment

SIDRA at Dubai Hills Estate

Sidra, a community of premium villas, is the latest addition to Dubai Hills Estate. These elegant

homes are designed exclusively for those with a taste for contemporary living. The five types ofvillas range from 3,102 - 4,283 sq. ft. and offer 3 – 5 bedrooms.

Everything you could need and want for the best of lifestyle is within the community. This is

where convenience meets you at the comfort of your home.

For more details on Sidra

please contact 800 36227 (UAE)

or +971 4 3661688 (international)

* Estimated construction completion date

AMENITIES• Nature trails and green spaces • Parks, Jogging and bicycle tracks• 8-hole Championship golf course• 14 Tennis Courts and Academy• World Class retail and Hospitality

KEY FACTS• First phase sold out in 2 days • Second phase sold out• Third phase currently selling• New Emirate Living (Comparable To Meadows)• *Excellent Payment Plan (40% post handover)

PRICES STARTING FROM: AED 3,300,000, AED 3,600,000 and AED 4,500,000

Payment PlanPayment Plan

1st

Installment

Purchase Date

10%

40% Construction

Completion

10%

30 Mar 2018*

60% Construction

Completion

10%

30 Jul 2018*

100% Construction

Completion

10%

31 Mar 2019*

Post-Handover

10%

30 Sep 2019

Post-Handover

10%

30 Mar 2020

Post-Handover

10%

30 Sep 2020

Post-Handover

10%

30 Mar 2021

10%

30 Oct 2016

2nd

Installment

10%

30 May 2017

3rd

Installment

SIDRA at Dubai Hills Estate

Sidra, a community of premium villas, is the latest addition to Dubai Hills Estate. These elegant

homes are designed exclusively for those with a taste for contemporary living. The five types ofvillas range from 3,102 - 4,283 sq. ft. and offer 3 – 5 bedrooms.

Everything you could need and want for the best of lifestyle is within the community. This is

where convenience meets you at the comfort of your home.

For more details on Sidra

please contact 800 36227 (UAE)

or +971 4 3661688 (international)

* Estimated construction completion date

Payment Plan

1st

Installment

Purchase Date

10%

40% Construction

Completion

10%

30 Mar 2018*

60% Construction

Completion

10%

30 Jul 2018*

100% Construction

Completion

10%

31 Mar 2019*

Post-Handover

10%

30 Sep 2019

Post-Handover

10%

30 Mar 2020

Post-Handover

10%

30 Sep 2020

Post-Handover

10%

30 Mar 2021

10%

30 Oct 2016

2nd

Installment

10%

30 May 2017

3rd

Installment

SIDRA at Dubai Hills Estate

Sidra, a community of premium villas, is the latest addition to Dubai Hills Estate. These elegant

homes are designed exclusively for those with a taste for contemporary living. The five types ofvillas range from 3,102 - 4,283 sq. ft. and offer 3 – 5 bedrooms.

Everything you could need and want for the best of lifestyle is within the community. This is

where convenience meets you at the comfort of your home.

For more details on Sidra

please contact 800 36227 (UAE)

or +971 4 3661688 (international)

* Estimated construction completion date

Page 16: Mylo Homes Magazine Spring 2016

Freedom to travel and liveReliable and stable citizenshipIrrevocable citizenship and passportProtected by the government citizenship lawAccess to over 130 countries without the need for a visaFreedom to open companies and bank accountsFreedom to register assets with no restrictionsImprove family securityFull control of your wealth

We have a range of investment options starting at as little as AED 365,000.Call today to discuss your options: +971 50 914 4219

Investment in global real estate offers a legal way to live and travel abroad

SECURE 2nd PASSPORT FOR LIFE

for you and your family

KEY BENEFITS

CITIZENSHIP

Page 17: Mylo Homes Magazine Spring 2016

Investment in global real estate is the best way to offer your family a second passport, visa free travel,

security and legal citizenship

mylorealestate.com 17

Page 18: Mylo Homes Magazine Spring 2016

Magnolia Residences1 bed, 1 bath, 828 sq ft BUAref: S-102930

AED: 725,000

District 9Mediterranean Villa, 5 bed, 4 bath, 4,200 sq ft BUA ref: S-101781 AED: 3,900,000

District 2Arabic Villa, 4 bed, 4 bath, 3,800 sq ft BUAref: S-103085 AED: 3,800,000

District 3Townhouse, 1 bed, 1 bath, 1,636 sq ft BUAref: S-102963

AED: 1,495,000

District 7Arabic Villa, 2 bed, 2 bath, 2,690 sq ft BUAref: S-102973

AED: 2,600,000Please call 050 914 4219 to arrange a viewing

SALES: JUMEIRAH VILLAGE TRIANGLE

Page 19: Mylo Homes Magazine Spring 2016

Springs 12Type 1E, 3 bed, 2 bath, 2,904 sq ft BUAref: S-103033 AED: 3,500,000

Springs 14Type 3M, 3 bed, 2 bath, 2,455 sq ft BUAref: S-103027

AED: 2,450,000

Meadows 9Type 3, 3 bed, 2 bath, 3,345 sq ft BUAref: S-103053

AED: 3,900,000

Meadows 8Type 16, 5 bed, 3 bath, 4,083 sq ft BUAref: S-102548

AED: 5,400,000

Springs 8Type 4M, 2 bed, 2 bath, 1,647 sq ft BUAref: S-103053

AED: 2,000,000mylorealestate.com 19

SALES: EMIRATES LIVING

Page 20: Mylo Homes Magazine Spring 2016

Deema 4Type 4, 4 bed, 3 bath, 3,703 sq ft BUAref: S-102663

AED: 4,500,000

Deema 3Type 2, 4 bed, 3 bath, 4,019 sq ft BUAref: S-102461

AED: 5,500,000

Zulal 2Type CM, 3 bed, 2 bath, 2,530 sq ft BUA ref: S-102059

AED: 3,200,000

Meadows 2Type 10, 5 bed, 3 bath, 4,207 sq ft BUAref: S-102797

AED: 5,500,000

Springs 3Type 1M, 3 bed, 2 bath, 3,108 sq ft BUAref: S-102532

AED: 3,200,000Please call 050 914 4219 to arrange a viewing

SALES: EMIRATES LIVING

Page 21: Mylo Homes Magazine Spring 2016

Signature Villa6 bed, 6 bath, 7,000 sq ft BUAref: S-103048

AED: 21,000,000

OceanaType D, 1 bed, 1 bath, 1,882 sq ft BUAref: S-103063

AED: 3,150,000

ShorelineType D, 2 bed, 2 bath, 1,586 sq ft BUAref: S-102543

AED: 2,425,000

Anantara SouthDeluxe 2 bed, 2 bath, 1,555 sq ft BUAref: S-1010781

AED: 7,500,000

Garden HomeAtrium Entry, 4 bed, 4 bath, 5,000 sq ft BUAref: S-102158

AED: 12,000,000mylorealestate.com 21

SALES: THE PALM JUMEIRAH

Page 22: Mylo Homes Magazine Spring 2016

PalmeraType B, 2 bed, 2 bath, 2,219 sq ft BUAref: S-103068

AED: 2,500,000

Al ReemType 2M, 3 bed, 3 bath, 2,560 sq ft BUAref: S-102774

AED: 2,450,000

SaheelType 7, 3 bed, 2 bath, 3,324 sq ft BUA ref: S-101781

AED: 3,800,000

Alma 1Type 3E, 3 bed, 2 bath, 2,436 sq ft BUAref: S-102119

AED: 2,700,000

AlvoradaType B1, 4 bed, 3 bath, 3,884 sq ft BUAref: S-102122

AED: 5,500,000

SALES: ARABIAN RANCHES

Please call 050 914 4219 to arrange a viewing

Page 23: Mylo Homes Magazine Spring 2016

Heritage Large Villa3 bed, 3 bath, 3,527 sq ft BUAref: S-103102

AED: 3,750,000

Legacy Villa4 bed, 4 bath, 4,355 sq ft BUAref: S-1030999

AED: 5,350,000

Legacy Small Villa4 bed, 4 bath, 3,380 sq ft BUAref: S-103082

AED: 3,950,000

Regional Small Villa3 bed, 3 bath, 3,063 sq ft BUAref: S-103090

AED: 3,700,000

Legacy Villa5 bed, 5 bath, 4,689 sq ft BUAref: S-103025

AED: 5,950,000mylorealestate.com 23

SALES: JUMEIRAH PARK

Page 24: Mylo Homes Magazine Spring 2016

District 8Mediterranean Villa, 4 bed, 4 bath, 4,200 sq ft BUAref: R-103044

AED: 230,000

District 3Townhouse, 1 bed, 1 bath, 1,636 sq ft BUA ref: R-103014

AED: 110,000

District 7Mediterranean Villa 5 bed, 4 bath, 3,900 sq ft BUA ref: R-102867

AED: 220,000

District 2Arabic Villa, 5 bed, 5 bath, 4,300 sq ft BUAref: R-102898

AED: 265,000

District 7Mediterranean Villa, 2 bed, 2 bath, 2,690 sq ft BUAref: R-103026

AED: 160,000Please call 050 914 4219 to arrange a viewing

RENTALS: JUMEIRAH VILLAGE TRIANGLE

Page 25: Mylo Homes Magazine Spring 2016

HattanType L1, 5 bed, 5 bath, 6,151 sq ft BUAref: R-102563

AED: 500,000

Springs 7Type 4M, 2 bed, 2 bath, 1,675 sq ft BUAref: R-103079 AED: 140,000

Zulal Type B End, 3 bed, 2 bath, 2,910 sq ft BUAref: R-103049

AED: 235,000

Meadows 9Type 2 (extended) 5 bed, 3 bath, 4,800 sq ft BUAref: R-103040 AED: 280,000

Meadows 4Type 7, 5 bed, 4 bath, 3,805 sq ft BUAref: R-103073

AED: 270,000mylorealestate.com 25

RENTALS: EMIRATES LIVING

Page 26: Mylo Homes Magazine Spring 2016

Springs 15Type 3M, 3 bed, 2 bath, 2,455 sq ft BUAref: S-103100

AED: 175,000

Springs 12Type 3E, 3 bed, 2 bath, 2,245 sq ft BUAref: R-103104

AED: 180,000

Meadows 2Type 11, 5 bed, 4 bath, 3,970 sq ft BUA ref: R-103067

AED: 320,000

DeemaType 2, 4 bed, 3 bath, 4,019 sq ft BUAref: R-103031

AED: 310,000

Springs 10Type 1E, 3 bed, 2 bath, 2,910 sq ft BUAref: R-102924

AED: 215,000Please call 050 914 4219 to arrange a viewing

RENTALS: EMIRATES LIVING

Page 27: Mylo Homes Magazine Spring 2016

Signature VillasGarden Lobby, 5 bed, 5 bath, 7,000 sq ft BUAref: R-103116

AED: 750,000

Palm Views EastStudio, 1 bath, 525 sq ft BUAref: R-103082

AED: 80,000

Palma ResidencesType 1B, 5 bed, 5 bath, 3,336 sq ft BUAref: R-103061

AED: 375,000

Oceana Type C. 2 bed, 2 bath, 1,743 sq ft BUAref: R-103029

AED: 250,000

Garden HomesAtrium Entry, 5 bed, 5 bath, 5,500 sq ft BUAref: R-00415

AED: 450,000mylorealestate.com 27

RENTALS: THE PALM JUMEIRAH

Page 28: Mylo Homes Magazine Spring 2016

Please call 050 914 4219 to arrange a viewing

CasaType 5, 4 bed, 3 bath, 3,609 sq ft BUAref: R-103050

AED: 240,000

PalmeraType B, 3 bed, 2 bath, 2,219 sq ft BUAref: R-103019

AED: 170,000

Al ReemType 1M, 3 bed, 3 bath, 3,060 sq ft BUA ref: R-101781

AED:190,000

Al Reem Type 4E, 2 bed, 2 bath, 1,759 sq ft BUAref: R-103112

AED: 150,000

HattanType E2, 5 bed, 5 bath, 5,443 sq ft BUAref: R-102992

AED: 350,000

RENTALS: ARABIAN RANCHES

Page 29: Mylo Homes Magazine Spring 2016

Regional Villa4 bed, 4 bath, 4,335 sq ft BUAref: R-102946 AED: 275,000

Legacy Small Villa4 bed, 4 bath, 3,380 sq ft BUAref: R-103088

AED: 215,000

Legacy Small Villa3 bed, 3 bath, 3,063 sq ft BUAref: R-102965

AED: 200,000

Legacy Large Villa 3 bed, 3 bath, 3,572 sq ft BUAref: R-102998

AED: 235,000

Legacy Small Villa5 bed, 5 bath, 4,689 sq ft BUAref: R-100415

AED: 260,000mylorealestate.com 29

RENTALS: JUMEIRAH PARK

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Page 31: Mylo Homes Magazine Spring 2016

www.mena-mortgage-services.comenquiries@mena-mortgage-services.com+971 4 454 9848

Mortgages ARRANGED!no matter how big or small

MENA MORTGAGE SERVICES WILL GUIDE YOUTHROUGH THE PROCESS UNTIL YOU GET YOUR KEYS

y EXPERT ADVICE 3 Free first consultation

y BEST MORTGAGES 3 We have access to exclusive mortgages

y HASSLE FREE 3 We can do all the paper work for you

y EVERYDAY SERVICE 3 We will contact you everyday until you get the keys to your property

MENA Mortgage Services - Concord Tower, Floor 6, Media City, Dubai, UAE POBox: 126732

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Page 32: Mylo Homes Magazine Spring 2016

BUYING Vs RENTING

PURCHASE PRICE 2,000,000 ANNUAL MORTGAGE COST 80,832ANNUAL RENT COST 140,000ANNUAL SAVING 59,168

2 Bedroom Villa, The Springs*

The decision to keep interest rates low by the central government makes the prospect of buying within reach for a number of individuals and families

that may not have considered buying previously. Current borrowing costs are available from 3% per annum, which is, on a global scale, relatively low.

*Dated April 2016, prices in AED, based on a 30 year mortgage at 3.5%

PURCHASE PRICE 3,200,000 ANNUAL MORTGAGE COST 129,324ANNUAL RENT COST 195,000ANNUAL SAVING 65,676

3 Bedroom Apartment, The Palm

PURCHASE PRICE 4,900,000 ANNUAL MORTGAGE COST 198,024ANNUAL RENT COST 300,000ANNUAL SAVING 101,976

4 Bedroom Villa, The Lakes*

Mortgage Examples: Client Favourites

Current real estate prices and low borrowing costs makes buying your dream home a reality

Office1201, API Office Tower, (Novotel Hotel), Al Barsha 1+971 50 914 4219 MYLOREALESTATE.COM

If you are interested in owning your own home please pop into our office or call us today to discuss your buying options