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Abdulla Bin Sulayem
CEO, Seven Tides
We will highlight two projects: Anantara The Palm Dubai Residences, a luxurious residential property with 442 fully furnished apartments and penthouses, and Dukes Dubai, with 273 rooms and 227 fully furnished hotel apartments. Investors interested in the hotel studio apartments in Anantara will get a developer-backed guarantee of 10 per cent return on investment (ROI) for three years in addition to fully furnished apartments.
Investors interested in the hotel studio apartments in Anantara will get a developer-backed guarantee of 10 per cent return on investment (ROI) for three years in addition to fully furnished apartments. Investors in Dukes Dubai’s hotel apartments will get a developer-backed guaranteed 10 per cent ROI for five years, with access to the hotel facilities.
The event provides us an opportunity to connect with local, regional and international high-net-worth investors, as well as corporate end users. It allows us to check the pulse of the investment community, ascertain risk appetite and learn what our industry peers are doing.
Managing Director, Asteco
Asteco will offer a range of projects with a range of pricing options designed to appeal to every level of investors. These include Four Seasons on Al Maryah Island, which are sought-after private residences, Dukes Oceana’s one-bedroom hotel apartments, Anantara Residences, which is part of a five-star resort, and the 38-storey Reef Residence.
Whether looking to get a foot on the Dubai real estate ladder with an entry-level investment of around Dh450,000 or a multimillion-dirham penthouse with excellent return potential, we will display products for all. We have a number of attractive purchase incentives, including 10 per cent returns and extended payment plans. The market has moved favourably towards the buyer as prices drop and cash investors and end users find themselves in a strong negotiating position.
CEO, Indigo Properties
We are showcasing Indigo Zen to the discerning investors and end-users. With the first phase of the project sold out, we are opening sales for phase two with the introduction of the three-bedroom, town-house type Calm at an introductory price of Dh2.8 million. We have been seeing a gradual shift from investors towards more end users accounting for the bulk of transactions.
The upper middle-class market segment is where we are seeing growing demand. They want to live in our villas and town houses, and we offer them that opportunity since our prices are reasonable. Buyers that prefer ready property instead of an off-plan property will be offered the Orange Lake villas on the golf course of Jumeirah Golf Estates. We are also providing full assistance to mortgage buyers through our partnership with banks in the UAE that offer preferable rates.
Commercial Director, Knight Knox
We will be offering the best of UK buy-to-let at Cityscape Global. Our residential and student developments across Manchester, Salford, Liverpool and Leeds are the best on the market and investors are sure to respond positively. The North is the UK’s buy-to-let hotspot, which is receiving huge investment from home and abroad. The Cityscape Global crowd has proven in the past to be knowledgeable and curious about the UK buy-to-let market.
The UK residential market remains strong. The uncertainty caused by EU referendum has not had much of a negative effect on the UK property market. In fact, property has become more appealing in response to uncertainty in other sectors. The most significant recent trend in recent months is the increase in foreign investors, particularly from the Middle East and China. The comparatively weak pound means that foreign investors are effectively entering a very strong market at a steep discount.
Managing Director, Sun and Sand Developers
We are offering Sunshine Residences, which features three-bedroom duplex apartments in Dubai Silicon Oasis. The building has 40 sky villas, which are five-bedroom duplex apartments that will appeal to managers, executives and businessmen. We will also present our affordable housing project, Sun Beam Homes, in Dubai Industrial City that targets young families and single professionals as these are available at around 30-40 per cent of their salary.
Dubai has evolved as a mature property market, driven by both investors and end users. These end users are not big spenders, but young families or single professionals. It is important to cater to this segment and the solution lies in affordable housing. We are expecting high footfall at the event, allowing us to generate significant interest and strong leads for sale. We expect a new phase that is end-user driven until the World Expo 2020.
Business Development Executive Director, Tilal Properties
Living in Sharjah
We are promoting our flagship project, Tilal City, in Sharjah that offers land for residential villas, apartments, office, retail and mixed-use buildings.
Landowners will be handed over plots with infrastructure such as roads, parks, mosques, as well as sewage, electricity and telecom facilities in place. More importantly, landowners will not pay any annual service charge for maintaining these facilities. The development features Tilal Mall, scheduled for completion in early 2019.
We have entered a fascinating phase with Sharjah opening up to new investors. The government has partnered with prominent developers for exciting projects that will rewrite the emirate’s real estate landscape. At Cityscape, we will promote our project and forge ties with service providers, such as schools and hospitals, developers and individuals looking to step into the real estate market.
Source: Hina Naving, Special to Property Weekly