Dubai flats launch in Harrods
A new development from Dubai Properties is exclusively available to buy off plan in Harrods this summer


Dubai Properties and Harrods Estates have launched a new development which is exclusively available to buy in the Knightsbridge store from now until mid September.
Babil is a new residential development to be built in Dubai's Culture City. Built on a former dry dock, the Culture City is set to be the new social hub of the city. Aside from residential buildings, the area will have art galleries, museums, an amphitheatre and libraries.
Residential buildings will be on the newly extended Dubai creek, overlooking traditional dhows and luxury yachts. Babil, the first project to launch, is a medium-rise building located in the Souq which is set to be the focal point of the Culture City's retail district. Studios, one and two bedroom apartments are currently for sale off plan through Harrods Estates and are due for completion in 2010.
‘Some people have said that they think the bubble will burst in Dubai’s property market and they’ll wait for that to happen before buying,’ explains Yaqoob Al Zarooni deputy CEO of Dubai Properties. ‘But my thinking is that will be an expensive wait.’
Prices for off plan apartments in Babil are from £250 per square foot rising to £650 per square foot.
What buyers should know about Dubai
* Foreigners are entitled to own freehold properties in designated areas of Dubai * There are no mandatory income, capital gains, or stamp duty tax * Foreign investors are entitled to a residence visa * Median age of residents in Dubai is 27 * 80% of residents are expats from all corners of the Earth * A Metro linking various points of the city is due to be operational in 2009 * FlyDubai is a new budget airline that is due to start flights to the UAE in 2009
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Contact Harrods Estates: +44 (0) 20 7893 8933; Dubai Properties in association with Harrods Estates
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
How many puppies in the average litter? Country Life Quiz of the Day
Plus a 1960s house, Hollywood's most famous cavewoman and more in Friday's quiz.
By Toby Keel Published
-
Love, sex and death: Our near-universal obsession with the rose
No flower is more entwined with myth, religion, politics and the human form than the humble rose — and now there's a new coffee table book celebrating them in all of their glory.
By Amy de la Haye Last updated