With the credit-crunch and rising oil prices becoming a devastating tag-team on the global stock market and the performance of other investments, global real estate is becoming the most popular investment choice.
Billions of dollars are being put into the creation of more and more property investment funds around the world, and almost every country in the world is getting in on the action. The emergence of Africa onto the international property investment scene, and now even Iraq seeing its first luxury property development, is testament to the rising popularity and profitability of overseas property investment.
The time to buy is definitely now, no one can say for sure when the credit crunch will end, prices in the best emerging markets are rising well above inflation, and getting higher all the time, not to mention building regulations making off-plan purchases harder to come by in some of the older strong markets – off plan property providing the best value and biggest potential for profit.
Tuesday 29 July 2008
Dubai Leads Global Property Investment Markets
The volume of property sales in Dubai is poised to rise as more global investors, shifting their focus away from markets hit by credit crunch, seek to enter the Gulf markets, a leading global property investment.
Dubai, which registered the greatest improvement in real estate transparency globally over the past two years, is projected to record a 55.2 per cent surge in property deals to hit Dh717 billion in 2008 from Dh462 billion in 2007
With credit crisis hitting real estate markets in the US and Europe, many investors are eyeing Gulf markets, particularly Dubai
Dubai's position as the most transparent of the MENA markets placed it ahead of other emerging economies such as those of the BRIC Markets (Brazil, Russia, India and China).
Better than China, India and most of Russia, Dubai's transparency index score exceeds the other BRIC markets
Transparent markets as those that are open and easier to do business with the components of transparency encompassing transaction processes, the regulatory and legal environment, market fundamentals and performance measurements.
Dubai, which registered the greatest improvement in real estate transparency globally over the past two years, is projected to record a 55.2 per cent surge in property deals to hit Dh717 billion in 2008 from Dh462 billion in 2007
With credit crisis hitting real estate markets in the US and Europe, many investors are eyeing Gulf markets, particularly Dubai
Dubai's position as the most transparent of the MENA markets placed it ahead of other emerging economies such as those of the BRIC Markets (Brazil, Russia, India and China).
Better than China, India and most of Russia, Dubai's transparency index score exceeds the other BRIC markets
Transparent markets as those that are open and easier to do business with the components of transparency encompassing transaction processes, the regulatory and legal environment, market fundamentals and performance measurements.
Ocean Heights Tower Reaches 10th Floor
DAMAC Properties – the luxury lifestyle provider and region’s leading private sector master developer has reached the 10th floor level for its Signature Series Ocean Heights residential tower.jpg)
Ocean Heights is one of the many freehold towers being built in the Dubai Marina, which is located opposite to Le Meridien Mina El Seyahi. Ocean Heights will be a 310 meter (1,017 feet) 82-storey tower, with 680 apartments. The AED 1.5 billion (US$ 408 million) free hold residential tower will contain 1, 2, and 3 bedroom apartment units from 722 to 1,515 square feet and will feature 9 units of Signature Series Apartments from the 67th to the 75th floor and Duplex apartments from the 76th to the 81st floor.
In his comments, Peter Riddoch, CEO of DAMAC Properties, said: “It is very important time for us, we recently handed over 572 units at Lake Terrace and will continue delivering to our customers. We are pleased to see the development of Ocean Heights, we have already reached the 10th floor and now we are able to see it while driving by. We’re proud to bring Ocean Heights from the design concept to reality.”
“Aedas is the Lead architects for Ocean Heights. Aedas offers tailored, customized services and accommodates the needs of every development. Their international experience extends across a range of projects, private and public. Having AEDAS on board will ensure that we deliver highest level of architecture and creative design. DAMAC projects are designed with passion and vision aimed at becoming the Middle East’s most prominent luxury focused private sector master developer” He added.
Amenities at Ocean Heights will include an outdoor leisure deck with a temperature-controlled swimming pool, gymnasium, sauna, steam room, game room and children's play area. Other amenities included are coffee and juice bars, restaurants, 24-hour security, concierge desk, and housekeeping services.
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DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - for the top property developer received the ‘Best High Rise Development’ award for ‘La Residence at the Lotus’ and the ‘Best Website’ award for the company’s revamped website – www.damacproperties.com. DAMAC’s La Residence at the Lotus in Business Bay Dubai has won the Best International High Rise Development Award that was held at Las Vegas recently.
Ocean Heights is one of the many freehold towers being built in the Dubai Marina, which is located opposite to Le Meridien Mina El Seyahi. Ocean Heights will be a 310 meter (1,017 feet) 82-storey tower, with 680 apartments. The AED 1.5 billion (US$ 408 million) free hold residential tower will contain 1, 2, and 3 bedroom apartment units from 722 to 1,515 square feet and will feature 9 units of Signature Series Apartments from the 67th to the 75th floor and Duplex apartments from the 76th to the 81st floor.In his comments, Peter Riddoch, CEO of DAMAC Properties, said: “It is very important time for us, we recently handed over 572 units at Lake Terrace and will continue delivering to our customers. We are pleased to see the development of Ocean Heights, we have already reached the 10th floor and now we are able to see it while driving by. We’re proud to bring Ocean Heights from the design concept to reality.”
“Aedas is the Lead architects for Ocean Heights. Aedas offers tailored, customized services and accommodates the needs of every development. Their international experience extends across a range of projects, private and public. Having AEDAS on board will ensure that we deliver highest level of architecture and creative design. DAMAC projects are designed with passion and vision aimed at becoming the Middle East’s most prominent luxury focused private sector master developer” He added.
Amenities at Ocean Heights will include an outdoor leisure deck with a temperature-controlled swimming pool, gymnasium, sauna, steam room, game room and children's play area. Other amenities included are coffee and juice bars, restaurants, 24-hour security, concierge desk, and housekeeping services.
DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - for the top property developer received the ‘Best High Rise Development’ award for ‘La Residence at the Lotus’ and the ‘Best Website’ award for the company’s revamped website – www.damacproperties.com. DAMAC’s La Residence at the Lotus in Business Bay Dubai has won the Best International High Rise Development Award that was held at Las Vegas recently.
Tuesday 15 July 2008
Work, Live, Shop and Play Under One Roof
The Concourse. A multi-use, virtually self-sufficient living complex where you can work, live, shop and play, all within strolling distance of each other. Comprising two elegant towers rising out of a 4-level podium topped with an expansive Leisure Deck, the stunning architectural design of this complex is surpassed only by its extraordinary convenience. Facilities at the Concourse include;
25 floors of offices, 15 floors of residences
Common podium with 4 levels of parking
400 sq. mts. of Leisure Deck
Retail area and shopping mall
Easy access from main road on all 4 sides
Entire ground level dedicated to retail and shopping mall
Easy access for residents, office-goers and visitors
Supermarket for your daily needs
Open late for your convenience
Swimming pool with kiddie pool
Walking/jogging track
State-of-the-art gymnasium
Steam and Sauna
Restaurants
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