Monthly Archives: April 2014

Dubai Investments Chief anticipates UAE Real Estate development until 2018

Boss of Dubai investments, who is a diversified manufacturer and shareholder in property, he considers Use real estate market to progressing consistently growth to for the next four years.

Dubai Investments chief expects UAE real estate growth until 2018

Dubai Investments chief expects UAE real estate growth until 2018

Managing director and CEO of the investment firm Khalid Bin Kalban, the property assets owned by Khalid exceeds AED 8 billion ($2.17 billion) he stated that the advancement and development in Use real Estate has just embarked on. Usually a real estate is a five year old cycle and at the beginning of the first year of the cycle

So there is four more years of growth left for the real estate. All signs of this progress show that this growth is sustainable.  Usually, this provides a immense prospect.  Dubai investments also reveal that the construction and similar segments will improve even more for advancement to make use of the current real estate progress over UAE and GCC.

He further mentioned that 18 manufacturing establishments will be fixed to produce the raw building material required for construction of properties; these companied are further energised to meet the increasing demand.

With an approximate of AED of 660 billion developments are under construction in the GCC, DI, the Glass LLC, Emirates Building Systems, Emirates Extrusion factory, International Rubber company have raised their production levels to convene the growing demand.

Glass LLC  puts in around AED 800 million every year to the groups revenue, also have declared a significant upgrade in its production services, this is done so as to meet the demand of glass, and the demand is further going to rise more up to 40% in 2014. Saudi American glass declared that they would further increase their glass production around 50 percent.

Emirates Extrusion also revealed about their increase in production to keep up with the increase in demand, they are annually going to produce 6000 metric tonnes through new production system of Aluminium extrusion plant in techno Park.

Around 67 percent of DI possessions are depended on Real Estate and the current value of it is around AED 8.38 billion. It also posses the largest bank in the UAE which sums up to an almost 30 million square feet.

UAE , banks in Jumeirah Village Circle, Midriff and Meydan along with other developments in Sharjah and Fujairah.

Dubai Financial Market has listed Dubai Investments and they have a paid up assets of AED 3.5 billion.

Dubai investment stated recently that have preparations to add up or rise their foreign owner ship shares to 35 percent of its entire capital.  As mentioned by Dubai Investment the firm shareholder along with Sovereign fund investment Corp. of Dubai which posses around 11.5 stake, will vote is the scheme at a meeting in April 2014.

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Dubai Properties instigates Culture Village apartment sales

As stated by Dubai Properties they have instigated the launch of its magnificent residential project Manazel Al Khor and this is the part of Culture Village Project.

Dubai Properties instigates Culture Village apartment sales
Dubai Properties instigates Culture Village apartment sales

The developer further stated: Manazel Al Khor which is situated in DPGs creek side Culture Village destination will be providing three and four opulent apartments and is set to be completed by mid of 2016.

Manazel Al Khor will unite the will the other family of extravagant residential and hospitality developments which is currently undergoin construction which is undertaken by  third party developers in Culture Village, which as well contain the unique and lavish six -star Palazzo Versace Hotel and D1 Residential Tower.

Manazel Al Khor residential project incorporates traditional Arabic themes and another added element is local architecture, the project also caters amenitities such as pool and GYM.

Manazel Al Khor will establish itself to be the most alluring investment for local and for buyers around the world due to its features such as located at one of the most prime locations which is in the centre of Culture Village, waterside living  and traditional Arabic style home.

Manazel Al Khor is a one of a kind grand development which will offer remarkable living with spacious space along with water side views.

Dubais first creek side development id Cultural Village and will cater cultural components, entertainment, retail, commercial and residential which will entice both expats and buyers from all over the world.

Manazel Al Khor will cater traditional style souk, promenade walkways and landscaped features, an internal canal and amidst of all marina with berth for boats and access points.

International Property Show Dubai 2014

Its been 2 days that we are participating in exhibition of International Property Show Dubai 2014

International Property Show

International Property Show Dubai 2014

India tops number of foreign investors in Dubai real estate market

India tops the number of foreign investors and investment transactions in Dubai’s real estate market, according to the organisers of a leading property show being held in this West Asian metropolis in the United Arab Emirates (UAE).

India tops number of foreign investors in Dubai real estate market

India tops number of foreign investors in Dubai real estate market

This year’s International Property Show (IPS), to be held April 8-10, will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO).

NAREDCO is a premier body of Indian developers which works under the aegis of India’s ministry of housing and urban poverty alleviation (MHUPA) and represents a combination of government representatives and private developers.

IPS organisers said that India was reinforcing its stature not only as one of the leading investors in the Dubai realty market but also as a country that offers diverse realty offerings to investors based in the Middle East.

Dubai Land Department (DLD) said earlier that more than 8,092 investors from India notched up transactions worth 17,939 billion dirhams (Around $4,884 billion) in Dubai real estate during 2013, surpassing all foreigner investors in the emirate’s property sector.

“Indian investors are very active in Dubai property sector. Investing nearly 18 billion dirhams in Dubai reflects the huge interest from Indian investors in the Dubai market and their confidence in the lucrative returns,” said Sultan Butti Bin Mejren, director general of DLD.

“Indian investors are very active in Dubai property sector. Investing nearly 18 billion dirhams in Dubai reflects the huge interest from Indian investors in the Dubai market and their confidence in the lucrative returns,” said Sultan Butti Bin Mejren, director general of DLD.

“It is obvious that the Gulf region has presented itself as a key investments player in the world. The well developed infrastructure and strategic location of Dubai will drive this sector to greater success,” he added

Dawood Al Shezawi, chief executive of Strategic Marketing & Exhibitions, the organisers of IPS, said in a statement: “A visit to the NAREDCO India Realty Pavilion will offer Indian expatriates living in the UAE and the Gulf a unique opportunity to select a place back home at a time the real estate is becoming one of the most lucrative investment options for NRIs.”

“For Indians in the Gulf, investing in India is a sentimental decision as it is driven by a need to remain connected to their roots,” Sunil Mantri, president of NAREDCO added.

“With definitive pick up in the economy, as the GDP has improved, inflation has moderated, growth in industrial production is seen with other positive triggers, that has driven the stock markets to the current levels, investment in properties in India would be an lucrative Investment option,” Mantri said.

NAREDCO has announced that the Indian pavilion would include some of the finest properties from across India from developers in Mumbai, Delhi, Bangalore, Goa, Noida and Gurgaon.

 

News Source : http://www.dnaindia.com/