My Own Home: Family’s Sharjah villa surges in value by Dh700,000 in a year


  • English
  • Arabic

My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving in

Tania Patel, an enterprise customer manager for a software company, stumbled across pictures of Sharjah’s Masaar mega project by Arada online and decided to view it the next day.

Within a month, she and her husband Ahmet and one-year-old daughter Zaya, as well as their two cats and two dogs, had moved into a four-bedroom villa.

They bought it for Dh2.7 million last November, and it is now worth Dh3.4 million without factoring in any renovations. Ms Patel says there is nothing like her community anywhere else in the UAE and she hopes to stay for another 20 years, possibly more.

The National takes a look around.

Tell us about your home

It's a semi-detached villa with four bedrooms, but also has a majlis that can be used as another [bedroom] because it has a bathroom right next to it. We use it as my husband’s office.

We have the kitchen, a maid’s room with its own bathroom and upstairs are the four bedrooms and three bathrooms. There's also a very reasonably sized backyard.

Why did you decide to buy?

I first heard about this Masaar project, and there's another one called Aljada, in 2021, but I never thought about moving to Sharjah. Now I really regret not buying back then, because the prices were way less.

But it was Covid time and we were thinking about whether we would stay or not. That's when I decided to just park this idea to buy a house. We were working from home and living in Jumeirah Beach Residence in Dubai with the sea view and nice apartment.

Then last year I had a baby in August and it happened to us twice where we had to leave the house earlier than expected because the landlord decided to sell. We were living in Green Community in Dubai Investments Park. It was very green and we loved it, but the prices had started increasing dramatically.

We made the calculations and if we kept paying this amount, it would be the price of a house, so why not just buy one? When you have a kid, you want stability.

Why did you choose this community?

The Masaar community by Arada has plenty of greenery. Antonie Robertson / The National
The Masaar community by Arada has plenty of greenery. Antonie Robertson / The National

One night when I was breastfeeding my baby at 3am I was just scrolling on Instagram and saw the project and how green it is. I woke up my husband and said we’re going to buy a house here. He checked and said we’d look tomorrow, and we did.

The only problem was they didn’t have anything to move into right away, there was nothing left in the first phase. Our contract was coming to an end in December and this was October, so I went to the resale market.

A friend of mine is a realtor and I told him I want something in this community. He suggested Sustainable City or something in Dubai that’s closer to my work, but I sai: “No, this is the one.”

My focus was on this community. I didn’t care how far it was, because there’s nothing like this in Dubai. I’m sure that if a lot of people from Dubai come, they’d fall in love with it. I’ve already brought a couple of friends of mine over.

What do you love most about this area?

It’s the greenery. It gives this forest vibe. When the sales guy told me “you feel like you live in the forest or like in a resort in the Seychelles”, I was like: this is over selling. But, it's true. I really feel so relaxed and peaceful.

I wanted a place where my daughter can really respect nature. There are so many play areas for children and it’s really family-oriented. The people here have good family values and respect for others and yourself. And I really appreciate that.

What renovations have you done?

The Patels have landscaped their garden. Antonie Robertson / The National
The Patels have landscaped their garden. Antonie Robertson / The National

I’ve just finished the landscaping in the garden and I want to make some changes in the kitchen. But I don't think the house really needs much as it’s brand new – maybe in the future.

What facilities do you have?

The pool just opened three days ago and we have a volleyball field, but the best is what we will have.

We will have a school, that is under construction. We'll have a shopping mall, supermarket and fitness centre. We will have basketball courts, football pitches, and I’ve heard about tennis and padel courts. There’s a nursery coming and a mosque.

We also have a cycle track that’s open to the public and brings a lot of cyclists here on weekends.

How would you describe your interior style?

I would say minimalist/industrial. We really wanted minimalist as we have so many dogs and cats, it would be a headache to clean this house if it was different. We cannot have carpets because it will be a mess.

The Patels describe their aesthetic as minimalist/industrial. Antonie Robertson / The National
The Patels describe their aesthetic as minimalist/industrial. Antonie Robertson / The National

But I also want a very minimalist style with only really what we need, because this is also how we want to raise my baby. My husband is an interior designer and he likes the industrial style, so our living room is very industrial with wood and iron, while our bedroom, for example, is more minimalist.

I really think that less is more and your space should give you peace of mind, so you can relax. I hate clutter.

How long will you stay in this house?

I would like to say forever. I definitely know I will not sell this house any time soon. I don't plan to move away from the UAE until I retire. Once I retire, maybe I'll go back to Portugal, but I really feel at home here.

Even if I live here 20 years, I think I’ll still keep this house as an investment because I really believe that this community will develop massively. I think it was a very good investment that we made.

Or maybe I will move to Saro, the last phase here, and upgrade for a five-bedroom villa with a pool and keep this one as an investment to rent out. Who knows?

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

MATCH INFO

Fulham 0

Aston Villa 3 (Grealish 4', Hourihane 15', Mings 48')

Man of the match: Jack Grealish (Aston Villa)

Our Time Has Come
Alyssa Ayres, Oxford University Press

Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

UAE currency: the story behind the money in your pockets
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
The story of Edge

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

What%20is%20Dungeons%20%26%20Dragons%3F%20
%3Cp%3EDungeons%20%26amp%3B%20Dragons%20began%20as%20an%20interactive%20game%20which%20would%20be%20set%20up%20on%20a%20table%20in%201974.%20One%20player%20takes%20on%20the%20role%20of%20dungeon%20master%2C%20who%20directs%20the%20game%2C%20while%20the%20other%20players%20each%20portray%20a%20character%2C%20determining%20its%20species%2C%20occupation%20and%20moral%20and%20ethical%20outlook.%20They%20can%20choose%20the%20character%E2%80%99s%20abilities%2C%20such%20as%20strength%2C%20constitution%2C%20dexterity%2C%20intelligence%2C%20wisdom%20and%20charisma.%20In%20layman%E2%80%99s%20terms%2C%20the%20winner%20is%20the%20one%20who%20amasses%20the%20highest%20score.%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%0D%3Cbr%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EClara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPatrick%20Rogers%2C%20Lee%20McMahon%2C%20Arthur%20Guest%2C%20Ahmed%20Arif%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ELegalTech%0D%3Cbr%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%244%20million%20of%20seed%20financing%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Shorooq%20Partners%2C%20Techstars%2C%20500%20Global%2C%20OTF%2C%20Venture%20Souq%2C%20Knuru%20Capital%2C%20Plug%20and%20Play%20and%20The%20LegalTech%20Fund%3C%2Fp%3E%0A
WandaVision

Starring: Elizabeth Olsen, Paul Bettany

Directed by: Matt Shakman

Rating: Four stars

Race card

6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m

7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m

7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m

8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m

8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m

9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m

Updated: November 27, 2024, 3:00 AM`