The Dubai Property Investment Fund

Posted on 20th August 2010 in Investment

The Dubai Property Investment Fund

UK Financial Services Authority compliant was established by the Investors Provident. Under this compliant, The Dubai Property Investment Fund furnishes the investment in property in Dubai city and the region of greater Gulf. The markets of these sections are alleged to hold numerous prospects in terms of investment and commerce. The region is gulf is not yet cultivated, not much of technological advancements have take place there. This compliant would help in the explication of that area.

The major endeavor of The Dubai Property Investment Fund is to look for 15-20% of the annual growth rate in the capital.

The markets of Dubai and gulf are blooming. These offer enormous prospects and their market is escalating at a progressive rate. The rebate on tax in Dubai and Gulf makes them the core of attraction for business and investments. Apart from the affable tax policies, The Dubai Property Investment Fund also grants the investors an access to the property in areas that are otherwise constrained for the foreign investors.

Investors Provident instigated this fund in alliance with the Caledonian Developments Limited which is a skilled property investment team and Al Mazaya Real Estate, a well-known local company of Dubai finance market.

The directors and managers of the fund have already gained a growth rate of 30% by carrying out business and investment in those areas. After attaining a growth rate of greater than 30%, these investors aimed to bring out a growth of 15-20% in the capital they invested. This signifies for every investment GBP 100,000, they would get a return of GBP 184,000 to GBP 225,000 in 4 years time.

The target capital for this fund is about 60 million pounds. In this capital, each director and manager is supposed to invest an amount ranging from a minimum of fifty thousand pounds to a maximum of five million pounds. The duration of the fund is planned out to be four years. Every investment that is being made will be divided into two parts, one would be split into the company shares, and the other part would be given out as loan.

Investing in this fund gives exclusive rights on the property in the highly commercialized area like Jumeirah lake towns, Dubai International Financial Centre and Dubai Sports City. These funds are supported by the government. One can invest in them along with the government to cater to different commercial and residential projects in the gulf area.

The investments returns are tax efficient. They only consume a total of 10% on the earned amount which is a meager amount as compared to the other cities.

This fund offers a promising future in taking the city to an altogether new platform and elevating the level of modernization and commercialization.

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Dubai Properties Exhibited at Mumbai Extravaganza Targeting Indian Investor

Posted on 19th August 2010 in Investment

Dubai Properties Exhibited at Mumbai Extravaganza Targeting Indian Investor

Leading master real estate developer Dubai Properties has participated at the premium luxury show ‘Mumbai Extravaganza 2008’ in Mumbai, India to showcase its latest portfolio of realty developments including the latest to be announced ‘Mudon’ project, to an elite audience of high net worth visitors and top tier conglomerates.

Mohamed Binbrek, CEO, Dubai Properties, said, “Mumbai Extravaganza gave us an opportunity to present investors with instant information on the latest developments from Dubai Properties, as well as introduce our latest project launches to a new market.

Indian nationals are amongst the top investors within the booming real estate market in Dubai”.

In 2007, Indian Nationals spent Dh4 billion on real estate in Dubai and over the past 10 years, they have spent a total of Dh6.5 Billion on the Dubai property sector.

While the majority of these buyers were Indians living within the UAE, 10% of them were living in India or otherwise, proving the existence of a substantial demand for Dubai real estate from outside the UAE.

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Dubai Properties Targets High Net-worth Indian Investors at Mumbai Extravaganza 2008

Posted on 17th August 2010 in Investment

Dubai Properties Targets High Net-worth Indian Investors at Mumbai Extravaganza 2008

Mumbai Extravaganza offered a unique platform for international real estate institutions as well as developers to launch and promote new products. Apart from high net worth individuals, the high life show also attracted professional advisors such as lawyers, bankers, brokers, top management and decision makers of Mumbai´s leading corporations, successful entrepreneurs and celebrities.

Mohamed Binbrek, CEO of Dubai Properties, said: “We were pleased with our presence at Mumbai Extravaganza. The event gave us an opportunity to present investors with instant information on the latest developments from Dubai Properties, as well as introduce our latest project launches to a new market.

“Indian nationals are amongst the top investors within the booming real estate market in Dubai. The geographical proximity of India makes it an increasingly attractive sector for property developers in the UAE to contemplate. India itself is an emerging and credible market that boasts many international conglomerates and high-net worth investors with whom we are keen to meet and conduct business with.”

In 2007, Indian Nationals spent AED 4 billion on real estate in Dubai, and over the past 10 years, Indian Nationals have spent a total of AED 6.5 Billion on the Dubai Real Estate sector. While the majority of these buyers were Indians living within the UAE, 10% of them were living in India or otherwise, proving the existence of a substantial demand for Dubai real estate from outside the UAE.*

Dubai Properties was presented in the luxury event by Shorex Ltd. the award-winning London-based wealth management event specialist.

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Bank of Baroda Enters Into Memorandum of Understanding With Dubai Properties

Posted on 15th August 2010 in Investment

Bank of Baroda Enters Into Memorandum of Understanding With Dubai Properties

Bank of Baroda, India’s international bank has entered into a Memorandum of Understanding (MoU) with Dubai Properties, the region’s leading real estate company, whereby the bank will provide home finance to buyers of residential units in a number of Dubai Properties’ projects across the UAE.

The agreement was signed by Mohamed S. Binbrek, Chief Executive of Dubai Properties, and Ashok K. Gupta, Chief Executive, GCC Operations, Bank of Baroda.

Speaking on the occasion, Gupta said the agreement will facilitate the Bank to help individuals fulfill the dreams of owning their own homes. He added it was a step towards making Bank of Baroda the first choice of every customer.

Bank of Baroda is a leading Indian bank, with an extensive network of over 2,800 branches in India and 71 overseas offices in 25 countries. In the UAE, the Bank of Baroda is the only Indian bank offering full fledged banking services. It has six (6) branches in Dubai, Deira, Sharjah, Abu Dhabi, Al Ain and Ras-Al- Khaimah and an Electronic Banking Service Unit at Jebel Ali. In Oman, Bank of Baroda has three branches and one branch in Bahrain. The Bank also has plans to have its presence in all GCC countries.

The Bank of Baroda provides an entire range of banking products to individuals and corporates under one roof. The Bank’s Retail Banking Shoppe offers various value added retail products, such as housing loans in the UAE and India, overdraft against property, car loans, and personal loans. The Shoppe endeavours to take care of the individual’s financial needs in a specialized and speedy manner.

The bank is continuously adding new customer-centric products and services for the convenience of customers.

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The Stages of Dubai Property Market

Posted on 9th August 2010 in Investment

The Stages of Dubai Property Market

The real estate along with the property market was almost zilch a few years back. Amongst negligible revenue on the earned income and no tax on the living wage, Dubai captivated marketers and investors from all over the planet.

With the verification of foreign ownership the prospects augmented further and investors became extensively interested in the property of Dubai.

Due to the low-lying outlay, trade house and investors found it money spinning and profit yielding. But they were dubious about the globalization and evolution of Dubai for the reason that it had little productivity, lesser rate of literacy, low standards of living and consisted of people who earned merely to sustain a living.

But Dubai estimably located itself on the ladder of topmost commercial cities. It made a breakthrough via trade and globalization. Hence the immigrants started bucketing in. With this dawn of industrial encroachment and the delirium of the investors into the assets; the population of Dubai embarked on to augment.

The demand started to increase with a tempo that by no means satisfied the supply. The rates of property amplified significantly and are still growing. But in a brandishing city like Dubai, people find it cost-effective to buy estate even at hiked prices.

This headway had to slow down a little. Now the property tariffs are escalating at a lower rate as compared to few years back. This is all because of the demand and supply chart. The estate market has become a little stable than earlier.

Now the constructors do not let out the property for sale as candidly as they used to. Earlier the main concept was to acquire and to resell. This used to prolong in order to gain maximum proceeds. But now the constructors have become business minded. They do not agree to let out property prices sooner than the groundbreaking of the construction land. They even wait for the development of entire city in order to discern the accurate worth of the property and to attain maximum turnover.

Due to such marketing prototypes, the estate market is believed to have matured but this does not entail that it is in decline phase. Rather the market has dispensed with the conjecture fragment and has grown to be secure in all stipulations. This maturity in the market will lead to the enduring growth of the market and will direct it into a strong position.

Although the profit margins have condensed for new investors, there is still a demand due to low taxes and all the perquisites and amenities that Dubai proffers.

Also the demand protracts and will prolong in the potential times. Investment in property currently could harvest massive profits in terms of renting it to the tourists and then reselling it when market matures for their property

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Property in Dubai

Posted on 21st July 2010 in Investment

Property in Dubai

The property in Dubai has made it a commercial downtown and Dubai has emerged itself as the Shangri-La of real-estate deals. From its patronage of sand dunes and tranquil beaches, it has congealed into a global property portal . The property here has become a fountainhead of capitalist investments.

The cardinal attraction of the property in Dubai is its low prices that are one-third per square meter as compared to the property in the US. Apart from it, one can economize through the tax-free income in Dubai against the vast revenues in the US.

The rent prices have inflated to a minimum of 10% to a maximum to 50% in past two years. This progression in rates is drawing in the investors into property and to combat this hike, people are shifting to permanent property from lease.

Property in Dubai offers the perfect pedestal for the markets of Central Asia, Middle East, Africa, Asian Subcontinent, and East Mediterranean. A multinational company that wishes to maneuver the 2million people of this area with their GDP of U.7 trillion ought to earmark property in Dubai.

The economy of UAE is flourishing as ever with the rising oil-revenues. The national economy turns out to be a boastful add-on for the property in Dubai.

Various financial institutions are forthcoming with diverse mortgage and security rate options. The prime objective is to reduce the cost of borrowing. With so much to offer and aiming to cost lesser, the property are adjuring with the gleam of gold.

The salient features that the property offers are expanding its market substantially. The demand has amplified enormously. Dubai has emerged out as a commercial hub where all dealers want to invest considering the lucrative possibilities. It is becoming difficult to locate property in the key areas due to the tremendous demand. With this rapid bloom, it is anticipated that the property will experience a further increment in its monetary value.

The major property areas in Dubai have highlighted themselves as the ‘drawing card’ for which everyone has a quest. With the expansion of Dubai as a commercial platform, it is attracting more and more expatriates. Hence the demand is outlasting the supply and there is a stage of imperativeness being developed that causes an acclivity in the monetary value.

Dubai has a lot more to dispense than just property. The egression of the commercial environment has brought with it a new era of lifestyle and glamour. The efflorescence of malls, hotels have given a new dimension to leisure and entertainment. Dubai has turned out to be the ideal destination for all shopping-lovers. It offers an avid and luxurious environment. With the connectivity to other countries via airport and other global means, Dubai offers the nonpareil blend of connectivity, investment, globalization, and commercialization and a property in Dubai gives a countenance to avail all these perquisites.

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