Tag Archives: Anitha Lakshminarayanan Tanmiyat Group

Dubai Properties participates as a Strategic Partner of International Property Show 2015

By Anitha Lakshminarayanan

UAE, March 15, 2015 – Dubai Properties, leading real estate developer, has announced its participation as an exclusive Strategic Partner for the latest edition of the International Property Show, an annual pioneering event for real estate companies, as an exclusive Strategic Partner. An event for sales and promotion of properties to individual and institutional investors, the show will be held from March 30 to April 1, 2015 at the Dubai World Trade Center.

 

Dubai Properties will use this platform to launch new projects potential buyers and investors from the MENA region and beyond.

 

Mohammed Al Habbai, Chief Officer – Urban Planning and Infrastructure, Dubai Properties Group, said: “We have decided to take part in the International Property Show as an exclusive Strategic Partner as it will enable us to reach out to a global audience of investors and buyers who are looking to buy residential or commercial property in Dubai. The demand for the properties in the emirate has witnessed a tremendous growth in the last couple of years from both local and international investors and the Show will be a unique opportunity to showcase DP’s rich portfolio of unique properties spread across the emirate to them. We are confident that through our presence in the International Property Show, we will be able to leverage these demands from potential buyers and investors and covert into successful deals and at the same time, showcase the growth and development in the UAE’s real estate to a global audience.”

 

Dawood Al Shezawi, CEO of Strategic Marketing & Exhibitions, organizers of the International Property Show (IPS), said: “We are delighted to welcome Dubai Properties, one of UAE’s leading real estate developers, as exclusive Strategic Partner to the International Property Show. The presence of Dubai Properties’ quality and broad scale real estate portfolios at the show perfectly fits the direct-sales profile of International Property Show and offers end-users and local and international investors an ideal opportunity to explore great properties on offer in UAE. With Dubai Properties as our Strategic Partner, International Property Show also expects to further build the promotion and image of the UAE’s real estate sector on a global scale. The presence of strong international delegations from China and the KSA along with countries from Southeast Asia and Africa, among others at the show attending the co-located Annual Investment Meeting, will be a perfect opportunity to show and educate investors about the attractiveness of the UAE real estate sector.”

 

Held in conjunction with the Annual Investment Meeting, the International Property Show will enable Dubai Properties to improve its profitability and enhance its competitive edge. The special features of the event, including the Dubai Land Department Property Valley, the International Property Show Real Estate Forum and high-profile Networking Events will provide valuable opportunities for the company to reach out to an élite clientage of international investors, giving it an extensive regional and global brand exposure.

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/

 

 

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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.

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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/

Aldar’s recent master plan developments in Al Raha Beach and Yas Island high sales volume pushes up demand in Abu Dhabi realty market

By Anitha Lakshminarayanan

Aldar sold out all of its supply of 223 units for Al Hadeel Project in Al Raha Beach in May and Ansam Development in Yas Island sold off units at prices ranging from Dhs 1,540 to Dhs 1550 per square foot.
“In terms of launches, we launched two our very well-appointed residential projects Al Raha Beach and Yas Island all of them are sold out, These are our master plan developments wherein we have enabled infrastructure and have DE risked these developments very well.”says Mr. Gurjit Singh, Chief Development officer, Aldar Properties in an Interview

Mr. Gurjit Singh, Chief Development Officer, Aldar properties

The Abu Dhabi market continues to rise in this quarter and Aldar was established to support Abu Dhabi’s development through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education and medical facilities. Today Aldar Properties owns a sizeable land bank in strategic locations throughout Abu Dhabi.

The Abu Dhabi’s supply pipeline increased to 1750 units in Reem Island, Danet Abu Dhabi and Al Reef in Q2 this has pushed the total stock to around 24000 units as per JLL.
Mr. Gurjit Singh also gave insights on the current property market and how Aldar helps in absorbing the supply

 

Mr.Gurjit Singh,Chief Development Officer,Aldar Properties talks to our reporter Anitha Lakshminarayanan in an Interview

“And in terms of how Aldar sees it, the stocks that we have had on our books for recurring income for rent, a lot of it has been absorbed and some of the developments are 100% fully occupied those which we have retained for rentals they have actually crossed up to almost full occupancy and this bodes extremely for us because we are in the business of producing recurring income for our business.”

“As a leading developer in the UAE, we at Aldar have been able to help towards absorbing the physical supply of the real estate market via our renters and gave them an option of upgrading themselves as property owners. The interesting trend now is a lot of upgrades are happening in the market”.

“People buying our developments come from a healthy cross-section. 55% of our buyers are end-user occupier types. 45% of them come from across the gulf, but they are not a high percentage compared to those who are already residing here. That is a healthy thing about Abu Dhabi and Aldar have been able to take advantage of those who are renters now, then wanting to become a purchaser. We also launched off-plan sales this year, wherein renters can upgrade themselves by buying a property that will be ready in a couple of years.”

“Besides, we were clear about our off-plan sales, which can attract mortgage only after they pay 50% equity. Nevertheless, we still got a healthy demand because of our smart yields. One more interesting rule which we have implemented is that you can’t sell your property unless you pay 50% of the total value. When people hear this and put their money in are seemingly considered in our eyes as long-term players. Indeed the mortgage rules have helped to ask into the details of our purchasers that also help the market to refocus and read speculators out”.

He concluded “We launched three projects this year at cityscape, two of which were residential are physically sold out and we will launch one more in the coming months”.

You can also read Anitha Lakshminarayanan’s interview with Mr. Gurjit Singh in the gulf news at

http://www.gnproperty.com/a/real-estate-news/abu-dhabi-realty-market-continues-rise/

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/

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”.

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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/