Category Archives: Journalist

TASWEEK to explore European investments & partnership opportunities for international projects at MIPIM expo in France

Possible oil price fluctuations to impact global real estate activities and investors behaviors

By Anitha Lakshminarayanan

UAE, March 09, 2015 – TASWEEK Real Estate Development and Marketing, an advisor and solutions provider serving the property markets, foresees possible shifts in regional and global real estate activities and investors reactions amidst the ongoing changes in oil prices. With barrel rates in the past six months at their lowest since the 2008 financial crisis, TASWEEK says that prime markets should prepare to adjust to the effects on property prices especially in the housing and commercial segments after observing changes in the investor’s options and markets.

Masood Al Awar - CEO - Tasweek

Masood Al Awar, CEO of TASWEEK, will share valuable insights on the Middle Eastern and European property markets and the strong potential for investments between the UAE and Europe in particular during the 2015 MIPIM real estate exhibition, conference and networking event running from March 10 to 13, 2015 at the Palais des Festivals in Cannes, France. He will refer to a recent survey indicating that UAE investors are one of the largest foreign groups buying low-cost investment property in the UK, accounting for a large 18 per cent. This reflects the growing interest in UAE-European real estate investment partnerships.

The TASWEEK head will discuss the property boom currently being experienced by non-oil producing countries and how Middle Eastern countries could avoid facing a market slowdown. Developers would benefit from expanding their market options and client bases as a cautionary measure. Al Awar will also present and offer prime projects in UAE, Malaysia, and Morocco forming part of TASWEEK’s diverse USD 250 million international portfolio to interested MIPIM participants from senior international investors.

Al Awar said: “While price drops in oil and variations in currency rates are triggering a real estate frenzy in many parts of the world, key markets could face a reverse slump in business. The best strategy is to anticipate unfavorable market changes and broaden horizons especially towards high-potential regions and plan to adopt new smart products and services that can match and sustain market’s growth.

MIPIM is an ideal platform to gauge the current industry landscape and forge dynamic and mutually beneficial partnerships and deals that are in sync with today’s market conditions. For our part, TASWEEK is well-positioned to tap its smart and innovative solutions to support numerous aspects of the real estate industry’s operations and functions. The sustained interest in our Malaysian and Moroccan projects reflects that there are still lots of opportunities out there for forward-thinking developers in the UAE and across the region to pursue.

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at

anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing-visit

http://anithaideas.com/

anitha-ideas-2

Dubai Properties’ Dubai Wharf development draws tremendous investor response during the debut of Dubai Property Show in London  

By Anitha Lakshminarayanan

Image (2)

 

UAE, March 4, 2015 – Dubai Properties, a leading real estate developer received an overwhelming response from property buyers and investors during its participation at the recently held Dubai Property Show 2015 at London’s Olympia. Welcoming the large number of visitors, the début edition of the exhibition was opened by H.H. Sheikh Mohammed Bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in UK, in the presence of Emirati dignitaries H.E. Sultan Butti Bin Mejren,  Director General of Dubai Land Department (DLD), and Majida Ali Rashid, DLD’s Assistant Director General. The property show offered a unique platform for Dubai Properties to generate sales and inquiries for its landmark projects in Dubai.  During its participation at the recently held Dubai Property Show 2015 at London’s Olympia. Welcoming the large number of visitors, the début edition of the exhibition was opened by H.H. Sheikh Mohammed Bin Maktoum Al Maktoum, First Secretary at the UAE Embassy in UK, in the presence of Emirati dignitaries H.E. Sultan Butti Bin Mejren,  Director General of Dubai Land Department (DLD), and Majida Ali Rashid, DLD’s Assistant Director General. The property show offered a unique platform for Dubai Properties to generate sales and requests for its landmark projects in Dubai.

The Dubai Properties’ stand, which showcased its current portfolio of projects, generated a high number of footfalls during the three-day event.  Its AED 800 million mixed-use Dubai Wharf  specifically attracted strong interest from prospective investors. Located in the heart of Culture Village, Dubai Wharf  overlooks a canal promenade next to the historic Dubai Creek. Its unique and contemporary design, strategic location, and easy accessibility will put the modern development as the most sought-after lifestyle, dining and entertainment hub.

Abdulla Abushabieb, Executive Director Sales and Customer Service, Dubai Properties, said: “Dubai is a popular investment destination for British property seekers who are attracted to its tax-free economy, safe and secure living environment, and high standard of living. The Dubai Property Show was an excellent gateway for us to reach out to genuine investors and buyers and offer them our properties after assessing their requirements.”

“Dubai Properties’ registered  around 4000 visitors over the 3 days of the event, the  majority of who showed keen interest in our projects, especially in the residential segment. Dubai Wharf, in particular, received tremendous response from people who were looking forward to make Dubai as their second home. We are confident of converting the leads received during the show into actual sales,” added Abushabieb.

Dubai Properties has delivered some of the most popular residential and mixed-use developments in Dubai, including the Jumeirah Beach Residence, The Villa, Mudon and Layan in Dubailand, as well as The Executives Towers, Vision Tower and Bay Square at Business Bay.

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at

anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing-visit

http://anithaideas.com/

Azizi Developments will be displaying its projects to Ibn Battuta and Marina Mall AbuDhabi

AZIZI Developments have invested an estimated AED 4.5 billion in Dubai’s real estate sector                                                                 

UAE, 3 March, 2015 – AZIZI Developments, a leading UAE property developer will be displaying its competitive projects to Ibn Battuta and Marina Mall Abu Dhabi. The move is part of the company’s dynamic marketing strategy aimed at promoting its latest developments to a wider audience comprising the emirate’s residents and tourists.

Image (1)

 

The stands will carry English and Arabic literature as well as an informative fly-through presentation of Azizi’s four residential buildings currently under construction and for sale in Al Furjan. Azizi Iris, the firm’s fifth project has been sold out, and the remaining four’s sales have reached 70 per cent. Azizi continues to carry out its marketing initiatives in line with its aim of bringing the firm’s projects right at the doorstep of its clients, locally and globally.

 

Ali Omar, CEO, Azizi Developments, said: “We chose these two commercial corridors because of their strategic locations. Ibn Battuta, particularly, is in near to our project site in Al Furjan. This allows interested clients to take a tour and observe the construction progress within minutes. Recently, we have witnessed an increased number of Abu Dhabi clients interested in properties in Al Furjan. The site is placed near Abu Dhabi and is accessible and convenient for those commuting to and back from work. So far, we  had very good response from Abu Dhabi investors, which is why we have decided to present our project in Abu Dhabi as well as in Dubai.”

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at

anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing visit http://anithaideas.com/

Dubai Properties to showcase latest line of projects at 2015 Dubai Property Show in London  

Leading developer to highlight its AED 800 million Dubai Wharf project

 By Anitha Lakshminarayanan

 

Dubai, UAE, 23 February, 2015 – Leading real estate developer, Dubai Properties (DP) announced its participation in the upcoming Dubai Property Show, which will be held from February 27 to March 1, 2015 at London’s Olympia.

 

Exhibiting alongside some of its contemporaries within the real estate industry, DP will be utilizing the event as a strategic sales platform to leverage its recent line of development projects—with the ability to reach out to over 2,000 visitors that are expected to attend the event.

 

DP’s stand is also expected to highlight its mixed-use Dubai Wharf project in the Dubai Creek district–a modern development undertaking that features a unique contemporary design overlooking a canal promenade adjacent to the historic Dubai Creek. The design, positioning and accessibility of the project make Dubai Wharf, one of Dubai’s future landmarks for leisure lifestyle, dining and entertainment.

 

Commenting on the news, Abdulla Abushabieb, Executive Director for Sales and Customer Service at Dubai Properties, said: “The Dubai Property Show provides its visitors with a comprehensive view and understanding of the real estate industry of Dubai and we have chosen to be part of this platform to showcase DP’s commitment to the future and development of Dubai as a global city.”

 

Abushabieb continued: “This is the perfect platform to display our diverse portfolio and communicate around our projects such as Dubai Wharf. We always look forward to exploring new market opportunities and are proud to be able to interact with customers and investors on a well-respected global platform like the Dubai Property Show.”

 

Dubai Properties has delivered some of the most popular residential and mixed-use developments in Dubai, including the Jumeirah Beach Residence, The Villa, Mudon and Layan in Dubailand, as well as The Executives Towers, Vision Tower and Bay Square at Business Bay.

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at

anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing-visit

http://anithaideas.com/

 

 

 

 

AZIZI Developments to showcase UAE’s booming real estate sector & promote Dubai projects at Mumbai property exhibition

• Dubai property market witnessing robust demand from Indian buyers

By Anitha LakshminarayananAzizi Developers

UAE, 25 February, 2015 – AZIZI Developments, a leading UAE property developer, is joining the high-profile Times Property Expo 2015 in Mumbai, India to showcase the UAE’s booming real estate sector and the company’s portfolio of current and upcoming luxury projects in Dubai. AZIZI’s first-ever participation in the prestigious property exhibition comes at a time when a growing number of Indian investors are showing interest in real estate developments in the emirate. The event will take place from February 27 to March 1, 2015 at the Hotel Sahara Star in Mumbai.
During the exhibition, the company will feature one-, two- and three-bedroom luxury apartments with high-end European designs and finishing at Stand No. 38 in the hotel’s Sapphire Hall. This is a great opportunity to meet and greet with the Indian investors and showcase the projects that have seen a great increase of interest from Indian investors in Dubai. Developer’s projects and value-added services offer an affordable, but sophisticated and modern lifestyle and the company’s flexible payment plan schemes are in depth with buyers and decision makers.
Ali Omer, CEO, Azizi Developments, stated: “UAE is now increasingly becoming a destination of choice amongst Indian real estate investors and for several years in a row now Indian investors top the list in the Dubai real estate market. For our part, we have witnessed a strong interest in our reasonably priced projects famous for their unparalleled services and top-notch facilities. This prompted us to participate at the upcoming Times Property Expo 2015 in the city of Mumbai as we want to create long standing relationships with our current Indian investors, but also introduce our competitive projects and once in a lifetime opportunity to tap into Dubai’s booming property market. Besides exhibiting our own projects, we will be able to also highlight the many opportunities and strengths of Dubai and the UAE’s flourishing property industry.”
AZIZI Developments implemented five large-scale residential projects in Al Furjan in 2014. During the same year, its investments in the Dubai real estate market reached AED 4.5 billion. One of its developments, the AZIZI Iris, was sold out following its launch, while about 70 per cent of Azizi Liatris, Azizi Orchid, Azizi Yasamine and Azizi Feirouz have already been sold. Construction works for all the projects are now well underway since June 2014 and are on schedule targeted for completion by the end of 2015.
The five residential developments are located a few minutes away from the Al Maktoum International Airport, which will be the largest airport in the world and a short distance from the venue of World Expo 2020. Azizi projects are also near some of the emirate’s most famous tourist attractions such as Dubai Marina and Jumeirah Beach Residence/Walk. Through its sophisticated and elite properties, AZIZI strives to provide a unique living experience to its clients in the UAE, but also the rest of the GCC countries and now India as well.

Please contact Anitha Lakshminarayanan-freelance writer (writer for Gulf News), Freelance Journalist at

anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or to know more about my writing-visit

http://anithaideas.com/

Dubai Properties hosts blood donation campaign at Ras Al Khor office in collaboration with Dubai Health Authority

Image 1 (1)

UAE, February 12, 2015 – In line with its ongoing corporate social responsibility (CSR) program, Dubai Properties (DP), a leading Dubai-based real estate developer, in partnership with the Dubai Health Authority (DHA), organized a blood donation camp on February 10, 2015 at its Ras Al Khor office. During the activity, over 50 employees across Dubai Properties Group (DPG), volunteered to donate more than 20 liters of blood that will be used to provide timely care to patients in need of urgent blood. DP hosts similar CSR activities regularly as they underline the company’s commitment to support community-oriented initiatives that not only enhance social well being but also encourage responsible living.Image 2 (1)

Pacific Ventures shape up a residential community in DUBAILAND.

Face to Face with Mr. Parvez Khan,Chairman,Pacific Ventures
By Anitha Lakshminarayanan

Mr. Parvez Khan, a bold real estate developer from India with abundant knowledge of the property market in Dubai, speaks about their Dubailand project pacific village focusing on leisure and residential community in Dubai besides sharing his thoughts on the realty sector of Dubai.
Mr. Parvez Khan, a bold real estate developer from India with abundant knowledge of the property market in Dubai, speaks about their Dubailand project pacific village focusing on leisure and residential community in Dubai besides sharing his thoughts on the realty sector of Dubai.

Pacific ventures shape up a residential community from their Pacific Village project in Dubailand.
PLANS ON HOLIDAY HOMES IN THE FUTURE FROM THEIR PACIFIC VILLAGE VILLAS IN DUBAILAND

After the  Phase-II launch of their Burj Pacific signature apartments, Pacific Ventures, an Indian developer set in 2011 develops a residential community in Dubailand located next to the City of Arabia theme park.

Mr. Parvez Khan, Chairman, Pacific Ventures in an interview to Emirates Property-What’s your Property Cravings said “The Master Plan of Pacific village is designed by Mr. Manoj, an eminent architect with 15 years of experience from India and DUBAILAND officials were impressed with the layout and design of Pacific Village. It’s a gated community and close to the city of Arabia.”

“70% of our downtown project ‘Burj Pacific’ apartments are sold and we are also developing our project in Jumeirah village triangle and Jumeirah village circle that will be ready in December. Our Pacific Village Project will include 65 residential villas, 102 four-bedroom townhouses and a number of two-bedroom apartments and will be centrally located between Dubai International Airport and Al-Maktoum International Airport in the heart of DUBAILAND.”

The four-bedroom townhouses will come in two types, covering a minimum of 3,500-sq ft in size, the apartments will cover an area of 1,240-sq ft while the villas, starting from approximately 5,075 sq ft in size, will comprise of six bedrooms.

The entire development will span over 1.205, 915-sq ft. And will be fully equipped with a community center, open spaces, paved roads and parking spaces. Additional amenities will include a gymnasium and swimming pool and 900 sq ft retail outlet to serve community residents.

The overheated market of Dubai has slowed down to gain stability, inspiring confidence among investors and end-users.

“When we compare the market of 2008, the market is matured now. The old players who operated in the realty market for more than ten years are mindful about the current situation. Global crisis that hit in 2008 has given them a great learning to be watchful of the business around them.”

“It is more interesting to see the market now with all regulations in place, especially the property registration fee benefits the end-user and besides that a transparent market to operate.”

“All our transactions are systematic done via escrow account, certified by Rera.And we have a mixed bag of investors from countries like India, China, Pakistan and Russia.”

“When it comes to real estate, one has to plan long term, say about ten years that is when you yield more profit. And the real estate market is active when the population increases and now the demand for housing units will grow more as Dubai’s population is increasing rapidly. The supply what we have now will not be enough after ten years.”

Plans for Pacific Ventures include holiday home from Pacific village villas in the future

DUBAILAND, which is an international tourist hub, attracts millions of visitors to the global village, motor city and future developments include the city of Arabia theme park and much more.
“We are thinking of holiday villas in the future for which we have obtained permission. And this is a unique concept, wherein we can rent it out for short term to our clients as our townhouses are big with 5 bedrooms. If someone wants to rent it out we can help them too. Additionally, we might start a company that leases out the holiday villas.”

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-freelance writer(currently I write for Gulf News),Freelance  Journalist at anithaideas@gmail.com for covering an event, public relations writing, conducting interviews or advertising on this blog or  to know more about my writing-visit  http://anithaideas.com/

Smart Living City -Dubai 2014 exhibition to bring in innovations in real estate and other Industries.

By Anitha Lakshminaryanan

IMG_0799

Dubai,June 4, 2014-TASWEEK Real Estate Development and Marketing has announced the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, for the upcoming ‘Smart Living City (SLC) Dubai 2014’ exhibition taking place from September 15 to 16, 2014 at the Jumeirah Emirates Towers in Dubai.

SLC Dubai 2014 will gather the best recognised experts on smart cities and will revolve around the three main themes of high-level panel discussions; the showcasing of ‘best in class’ local and international ‘smart’ firms; and the hosting of multiple workshops on the ‘smart living’ paradigm. Among its primary goals are to create talented entrepreneurial activities and boost the creativity of technology supporters; source the most effective ingredients for startups, mentors, and public and private sector partners; and consolidate best-in-class incubators on a smart platform.

IMG_0798

The event will showcase the best smart products and services, and major opportunities for sectors such as tourism, transportation, environment, education, and telecommunication. It will also reveal effective strategies for the cooperative development and deployment of a smart integrated system between the private and public sectors.
“Smart technologies have become key to the success of numerous industries, from real estate and finance to education and healthcare. It has even emerged as a powerful enabler of good governance. SLC Dubai 2014 will reveal the latest and best tools and practices for Dubai to become a genuine smart city while enlightening the world on how the entire Arab World is embracing the vital role of ‘smart’ concepts in the region’s future,” said Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing.

IMG_0796

“One of the main objectives of the event is to address the demands of society by facilitating, simplifying and accelerating communications, services, and execution of governmental transactions. SLC Dubai 2014 is an essential platform for initiating major steps towards strengthening cooperation between the private and public sectors, and making the UAE in general a smart integrated ecosystem,” added Al Awar.

IMG_0800

Dr. Mansoor Al Awar, Chancellor, Hamdan Bin Mohammed Smart University, said: “Our participation in the ‘Smart Living City – Dubai 2014’ exhibition emphasizes our continued support for the vision and directives of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, to make the emirate one of the smartest global cities through the initiative led by H. H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and President of Hamdan Bin Mohammed Smart University. Our presence at the event consolidates our aim of enriching knowledge and establishing a smart learning culture in the Arab world. We thank and appreciate TASWEEK Real Estate Development and Marketing for hosting this exhibition, which plays a key role in supporting the UAE’s to build a smart economy based on innovation and creativity under the guidance of the country’s wise leadership.”

IMG_0786

“Smart technologies have become one of today’s most important investment areas due to their potential impact on the future of business, governance, and social development. Smart Living City will show the way forward as progressive cities such as Dubai fully embrace the concept of a technology-enabled community. It will be a unifying event for ‘smart tech’ practitioners, experts, and decision-makers alike,” said Kamran Saddique, CEO, Inside Investor.
Smart Living City, a biannual event, will be held in the cities of Dubai, San Francisco and Singapore from 2014 to 2015 to exhibit and discuss technologies and innovations for various industries that support the concepts of smart cities and smart human capital. This year’s two-day Dubai agenda will cover the creation of a SMART Ecosystem with a particular focus on Talent, Education, Location and Events, Mentorship, Incubators and Accelerators, and Funding. Complete event details are available at http://www.smartlivingcity.com.

Inside Investor is a Hong Kong–based technology investment firm with offices in Dubai, Manila, and San Francisco. Its investments include a business news portal in Asia, a platform for smart technology startups, and an intelligent platform for the business community.

Tasweek, a provider of comprehensive real estate development solutions for the UAE and the broader Middle East that leverages over 20 years of extensive experience in valuations, design, and real estate marketing across the UAE, is organizing Smart Living City – Dubai 2014 in coordination with Inside Investor.

IMG_0799

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-Freelance Journalist at anithaideas@gmail.com for covering an event,conducting interviews or advertising on this blog or to know more about my writing-visit http://anithaideas.wordpress.com/

Tanmiyat Group fast track their living legend project in Dubai land.

BY Anitha Lakshminarayanan
Tanmiyat Group, a Saudi investment company and property developer fast track their AED 4 billion living legends project in Dubai land that was launched in 2006 before the global economic crisis that hit in 2008. And Plan to handover villas in the middle of this year.

Mr.Mohammed Bin Odah,CEO of Tanmiyat Group
Mr.Mohammed Bin Odah,CEO of Tanmiyat Group

“About 60-75% of the project is over and in the middle of this year, will hand over our villas. Phase-I concrete work is completed, and the infrastructure including the street lights are already done” said Eng. Mohammed Bin Odah, CEO of Tanmiyat group to Emirates Property-what’s your property cravings.

Located in Dubai land with a built up area of 6 million square feet, the project comprises of 500 villas,12 towers with 2200 apartments, three office buildings, a mall, three schools and a hotel overlooking the golf course.

He added “we will be attaching solar heaters to every villa of living legend and recently made an agreement with a district cooling company”.

IMG_0731
Tanmiyat showcasing their living legend project at a consumer property event in Dubai

As Dubai continues to recover with soaring property prices over the last two years, several stalled projects are back on track since then. Another cause for the spike in the real estate prices could be Dubai’s win of the expo 2020 bid.

Living Legends Project
Tanmiyat showcasing their living legend project at a consumer property event in Dubai

Eng.Odah said “After Dubai’s win of the expo 2020 bid, the response has been very good, and customers take initiatives to do their bookings and pay money. Now is the best time for those who have invested during the crisis, and now they can benefit from the yield as the appreciation is more”.

Dubai has a mixed bag of investors from all over the world and is well-known for its multicultural background. Now the market has matured to help the end-user and the regulations are in place. RERA(Real Estate Regulatory Agency of Dubai) has addressed the key issues such as the credibility of the developer, flipping, and with the wake of registration fees from 2% to 4% this year; this sector is easier to operate especially to end-users.

Mr.Odah urged “About 108 nationalities have invested in our project. Now it’s a regulated business wherein you cannot start selling if you do not give a bank guarantee of 25% .It builds confidence and Benefits the consumer”

“After central bank had approved, we signed an agreement with Al Noor Bank and two more banks are there in the pipeline. The funding from the banks helps us a lot as they collect money from the consumers once we start delivering the units to them”.

He concluded “At the moment,we are focusing on delivering the units this year and the project is 70% complete”

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-Freelance  Journalist at anithaideas@gmail.com for covering an event,conducting interviews or advertising on this blog or to know more about my writing-visit  http://anithaideas.wordpress.com/

Pacific Ventures begin sale of Phase-II of their signature apartments project ‘Burj Pacific’

IMG_0699Face to face with Mr.Miguel Guadalupe, Chief Operating Officer at Pacific Ventures

By Anitha Lakshminarayan

Burj Pacific sold its lower floor at the time of the announcement of the Phase-I launch last year and the higher floors are ready to be sold after Phase-II launch.

Dubai, UAE: Pacific Ventures, Indian Real Estate Company begin sale of their signature apartments Burj Pacific in downtown, Dubai after a formal launch of Phase-II at Emirates Towers  on the 8th and 9th of March.

“We recorded DHS 79 million worth of sales during the pre-launch of Phase-I of Burj Pacific,” says Mr. Miguel Guadalupe, Chief Operating Officer of Pacific Ventures to Emirates Property-what’s your property craving in an Interview.

He added “Within two months the ground floor will be ready; we have approved the contractor and will officially announce the name of our contractor for Burj Pacific after we get the approvals from Rera for our Pacific Village project in Dubai land located along the city of Arabia theme park”.

Real estate in Dubai is moving forward, and the trend is likely to continue this year and apartments dominate the demand in the property market of Dubai; however, there is a slight shift in focus as there is an increase of  20%  in the supply  of villas  this year.

Mr. Guadalupe  said “Pacific Ventures earlier projects include: Jumeirah village triangle and Jumeirah village circle which we bought from other developers are partly sold though we don’t advertise about them since they are easy to sell especially studio, and one bedroom move faster  in Dubai  although high-rises or 22 storey buildings like the Burj Pacific with more than 160 apartments or big communities need attention of how we can make the public aware about new concepts.As a business, we run in a very customer-friendly way and take our consumers to the site, update them about the progress of the project and  the marketing team sends them pictures of the development on a regular basis”.

As per Jones Lang La Salle,the property company there is more development towards central as well as in the south of Dubai and Jebel Ali.

Mr.Migeuel also said “ Many of the people working in Downtown, Dubai,plan to move into other areas such as Sport city, Studio city, Jumeirah Village triangle, Arabian Ranches and nearby locations which are also beautiful to live and they take a nice hike,by driving to work”  .

Indians top as  Property Investors of UAE

“It’s been more of an end-user business this time around and helps us as a more regulated market; the government is more involved and for the end-user, it’s more real now”.

“As everybody knows Indian community is the number one investors in the UAE closely followed by the Pakistani community and Russians are third. Indian community is big in the UK, Ireland and other parts of the world; they buy a property for investing as well as to gift homes for their kids”.

He concluded “we are going to stay residential now while we build quality, good size units and make it affordable which start from 1.3 million for 1 bedroom, 2 bedrooms is 2.4 million depending on the size.1 bedroom size are usually 1000 square feet; 2 bedrooms are 2000 square feet, and 3 bedrooms are close to 3000 square feet and  maybe 4 or 5 years later, we might look into mixed-units”.

Anitha Lakshminarayanan

Please contact Anitha Lakshminarayanan-Freelance  Journalist at anithaideas@gmail.com for covering an event,conducting interviews or advertising on this blog or to know more about my writing-visit  http://anithaideas.wordpress.com/