Gold Nuggets From DAMAC Properties

7/30/2019 Gold Nuggets From DAMAC Properties

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DAMAC properties present the world sophistication in style, elegance in designs, class in living and luxury

for a lifestyle. Its real estate developments do not only speak of beauty and an attraction to the elites of

society; they are also tagged as upscale investments that spell profit in more ways than one. There is a

gold mine in DAMAC Properties

The Gold Mine In DAMAC

Properties


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2 PAGE www.damacproperties.com/en COPYRIGHT 2013

TABLE OF CONTENTS

Diversifying Your Portfolio With An Investment In Dubai Property 3

Why Investing In Apartments In Dubai Is A Sound Investment Decision 5

Abu Dhabi PropertyInvesting In Middle Easts Next Rising Star 7

Properties Dubai Offers Make Great Acquisitions 9

Why A Dubai Apartment At The Marina Is A Sound Investment 11

Upswing Of Economy Boosts Value Of Doha Property 13

Now Is The Time To Invest In Jordan Real Estate 15

Dubai Real Estate Is Back In The Investment Limelight 17

Be Part Of The 2030 Vision, Invest In Qatar Real Estate Now 19

Real Estate Saudi Arabia - The Sophistication Of Western Design With The Royal Setting

Of The East

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Diversifying Your Portfolio With An Investment In Dubai

PropertyIn investing, the name of the game is diversity. And one of the platforms popular among savvy

investors when it comes to diversifying their portfolio is property investment. But instead ofnarrowing down your reach by investing locally, why not make a foray into overseas property

investment and make an investment in Dubai property?

Dubai has become popular for businesses because of its vibrant economy supported by a

leadership with a keen focus on making investment in the country a breeze. Additionally, it has

established itself as one of the most appealing tourist destinations in that part of the globe. As

such, recent forecasts point to an increase in tourist inflow.

Now, as an investor, these indicators point out that finding the right property in Dubai can yield

great returns. However, as any investment adviser will tell you, it is important to learn the

nuances of the platform you are keen on channelling your resources to, including your time,

money and effort.

The first thing you need when investing in Dubai is to find a good local lawyer who will help

protect your interest. This lawyer should have the expertise and experience in property

investments as well as the local laws and regulations that govern this field.


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In terms of financing, the investor should diligently search for the right bank that will fulfil his

needs and requirements. It is a good idea to find a bank in your native country with ties or

connections to banks in Dubai to help you facilitate the necessary paperwork.

Currency exchange rates also figure prominently in investing overseas, especially during thebuying and selling process. As such, keep a keen eye on the prevailing rates if you are about to

buy or sell a property so that you would not lose a good deal of money during such

transactions.

It is a good idea to research the appropriate laws in your home country regarding investing in

overseas properties. In some countries, properties bought overseas should be declared to

taxation authorities.

Finally, you should take time to travel to the country you are keen on investing on. You might

come across several property listings online; however, visual inspection of a property is a must,

wherever you are buying, especially before pushing through with the buying process. This way,you are ensured that the property you are buying is indeed in a good location and is in good

condition.


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Why Investing In Apartments In Dubai I A Sound Investment

Decision

The influx of both businessmen and investors to Dubai has been steadily growing and shows nosigns of halting. While both tourists and expatriates have a variety of accommodation options

available, including hotels, apartments in Dubai are fast becoming the more popular choice.

However, not all apartments are equal. This is where hotel apartments stand out.

For expatriates processing their long-term accommodation in Dubai or for tourists on an

extended stay in the city, a hotel apartment might be the better choice because it provides the

benefits of both apartment and hotel living. Also known as serviced apartments, hotel

apartments are rapidly rising in popularity because they provide the tenant with the feeling of

being in a home away from home whilst providing them with other luxuries often associated

with living in a hotel. In more upscale hotel apartments, Wi-Fi, maid services and concierge are

standard. In many countries, industry experts are pointing out that the popularity of serviced

hotels will continue to rise as more expatriates and tourists discover the array of benefits that

living in hotel apartments offer.


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For the savvy property investor, this is indeed good news. While location is something that

should be carefully considered in choosing which property to invest in, the type of property you

invest in should also be given consideration, particularly in the long run. With the forecast

about the increasing popularity of serviced apartments, property investors can certainly benefit

from having this type of property in their portfolio.

In Dubai, two types of properties have shown robust growth and are expected to continue to

do so. These are the villas and serviced apartments. In the same manner, rental values have

been buoyed both by renewed confidence in Dubai's economy as well as the steady influx of

tourists. Among the areas where rent has significantly increased are the Burj Downtown, Palm

Jumeirah and the Dubai Marina.

While investing in serviced hotels offers several benefits including a fixed stream of income and

high degree of occupancy, prospective investors should be keen on the location as well as the

developer. A good location will ensure a steady stream of prospective occupants while a quality

developer will ensure good returns on your investment.

Many experts are saying that Dubai's pre-global financial crisis macroeconomic fundamentals

are among the most sound in the world and are the reason why the country is reaping great

rewards in terms of growth. And one of the primary beneficiaries of this is the real estatesector. As such, investing in the property market, especially in apartments in Dubai, is a sound

investment move.


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Abu Dhabi PropertyInvesting In Middle Easts Next Rising

Star

Abu Dhabi is considered as one of the most robust economies in the world. Despite having oneof the largest fuel deposits in the United Arab Emirates and being one of the largest natural gas

producers in the world, it is keen on breaking free from its reliance on its fuel products. As such,

it is actively diversifying its economy through a keen focus on both tourism and financial

services. The local government has made substantial investments, particular in infrastructure,

so that it can compete with Dubai as one of the top destinations in the region.

Whilst Abu Dhabi property can be acquired

on leasehold basis, investors would be

happy to know that there is no taxation for

personal or capital incomes, making

property investment in the city an

attractive proposition.

Whilst the Dubai property market has been

steadily growing in terms of properties

available for investors, Abu Dhabi's

property market is still experiencing a

shortage of available properties. Local

authorities have enforced strict controls to

avoid an oversupply in terms of properties

available. However, demand is seen toincrease further as the population

continues to grow. Many experts are

forecasting that, with increased demand,

the price of property by square feet will

exceed the prevailing rates in Dubai and will

appreciate further in the long term.


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Another major come-on for investors

considering investing in Abu Dhabi is that

UAE's currency, the dirham, is closely tied

to the US dollar. In recent years, this has

translated to lower financing costs as thedevaluation of the dollar has resulted in

the devaluation of the dirham.

For property investors, there are two

schemes used to get returns for

investments. One is flipping or reselling a

property bought. Another one is buy-to-

let or renting out a property.

Because of the upward trend in the prices

of properties in Dubai, many property

investors have made significant profits

from flipping properties they have

bought. In terms of renting a property

out, rental rates in Abu Dhabi have

steadily increased. However, local

authorities are keen on placing rent caps

similar to that of Dubai so that rental

rates are lowered to more conventional

levels.

Property investors have been keen on

Dubai for a considerable amount of time.

Whilst several factors make investing in

Dubai a sound move, property investors

can benefit from investing in Abu Dhabi as it makes a strong move to challenge the dominance

of Dubai in the Middle East.


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Properties Dubai Offers Make Great Acquisitions

In 2009, the world waited with bated breath as Dubai's economy seemed to be headed for a

catastrophe following reports about the city's massive debts. In response to this news, the

stock markets in both Europe and Asia experienced jitters while the real estate sector's superbperformance ground to a halt.

Surprisingly, Dubai bucked this major obstacle and continues to become a dominant force in

the region. For those mulling over investing in overseas properties, Dubai remains one of the

prime property investment hubs in the region and perhaps, globally. While Dubai's recovery

was, to a great extent, aided by Abu Dhabi, the city's other sound policies, particularly in the

field of investment and ownership of properties, has helped it rebound with flourish.

Additionally, its previous development focus has paid off greatly, becoming one of the top

tourist destinations in that part of the globe.

For property investors pondering whether investing in properties in Dubai is still viable, here's a

brief overview.


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For one, while there are concerns as to whether the property boom in the city is about to come

to a standstill in light of various developments in Dubai, indicators point otherwise as the

demand for properties, particularly in apartments, is still high while the supply is still trying to

catch up.

Another aspect prospective property investors should look into is the appreciation of properties

in Dubai. With limited supply and increasing demand, the most logical offshoot of this is the

appreciation of assets. As such, it is not unlikely for properties to increase in value as much as

200%. This fact is particularly important for those keen on flipping for profit.

On the converse side of the coin are investors

who buy to let. On average, property owners

earn between eight to ten per cent from

renting their properties. The rates of returns

are particularly high for properties located in

and near Palm Jumeira and Burj Dubai's Old

Town.

Population growth is another important

factor that property investors should be keen

on. This is seen to counter numerous

developments down the pipeline which could

result in an oversupply. Experts are predicting

that Dubai's population will grow to about

five million, further increasing demand for

properties. Additionally, the influx of touristsand expatriates to the country help fuel

demand for serviced hotels which property

investors should look into. Across the globe,

demand for serviced apartments is growing in

number as it affords it occupants the comfort

of home living with the luxury of staying in a

hotel.


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Why A Dubai Apartment At The Marina Is A Sound Investment

Dubai continues to make a surge, fuelled by investor confidence and the large number of

tourists keen on seeing the modern marvels it offers. In turn, this has attracted property

investors to the city's real estate market. Among the various types of properties available forpotential investors, apartments appear to be heavily favored.

An investor can profit from flipping a Dubai apartment, getting great returns for short-term

investment. However, buy to let prospects look good as the rate of returns for such an

investment yields solid figures. However, not all apartments are equal. As the well-worn adage

goes, the most important thing about investing in property is location, location and location.

The Dubai Marina is arguably one of the most sought-after addresses in the region. The Dubai

Marina is a man-made marvel developed in partnership by Emaar Properties and HOK Canada.

The marina is located at Interchange 5, sandwiched between the Jebel Ali Port and important

commercial hubs like the Dubai Internet City and Dubai Media City. Upon completion, themarina is expected to accommodate a population of about 120,000 people.

While the construction of the marina is a marvel by itself, showcasing modern ingenuity in

creating an artificial landscape, those keen on living in the area will be glad to know that it has


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been designed to house various retail stores, restaurants and cafes. Additionally, essential

shops like supermarkets, pharmacies and dry-cleaners have not been overlooked.

Additionally, the area is accessible to taxis and cars via the Shaikh Zayed Road. The area is also

in close proximity to two Metro stations.

If you are keen on living at the Dubai Marina or interested in investing, you should consider

investing in a serviced apartment. Combining the comfort of living in an apartment with the

luxury afforded by staying in a hotel, staying in a serviced apartment offers more than a breath-

taking view of the Dubai Marina.

Like a hotel, a serviced apartment offers luxuries like 24-hour concierge and help desk facilities,

swimming pools, gyms, spas, tennis courts, and lounge areas for residents.

Serviced apartments are fast becoming popular especially for expatriates and tourists looking to

stay in Dubai for an extended period of time. As an investor, this means that occupancy rate is

high and you will not have to wait long to find a tenant for your property.

If you are keen on diversifying your property portfolio, consider acquiring a property in one ofDubais most sought-after addresses, the Dubai Marina.


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Upswing Of Economy Boosts Value Of Doha Property

Quite a number of cities in the Middle East have built their wealth through natural reserves of

oil and gas. However, the current trend is to veer away from being over reliant on these

precious natural resources towards diversifying their portfolios using other investments. One ofthese cities is Qatar's capital, Doha.

Like Dubai, Qatar built its economy upon its reserves of oil and natural gas reserves. It too has

sought to reinvent itself through various development projects. But unlike Dubai, Doha is not

keen on being a tourist spot. Instead, it has made a name as the host for a number of

international meets including the Asian Games, Pan Arab Games, AFC Asian Cup, UNFCCC

Climate Negotiations and the World Petroleum Council. It is also set to host the FIFA World Cup

in 2022.


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Looking at the city's population, its locals are the minority with a quixotic mix of nationalities

calling Doha their second home. People who live in Doha hail from countries like the

Philippines, Pakistan, India, Indonesia, Germany, United Kingdom, United States, Australia and

France. Whilst in the past, foreigners were not allowed to own property, they have now been

allowed to purchase properties in specific areas including West Bay Lagoon, the Qatar Pearl andthe Lusail City.

This has served as a boon for those who are mulling over investing in Doha property.

It is important to note that one of the driving factors in Doha's property market is the surge of

the city's population fuelled by companies expanding their operations, thereby necessitating

the migration of foreign workers into the city.

By far, luxury apartments are some of the most popular investment options among property

investors. Whilst developers are trying to finish projects to catch up with the demand, the

increase in population continues to propel the demand. Industry reports reveal that occupancy

rates for apartments are well into 95%. In turn, this has led to good yields in terms of rent.

It is also worthwhile to know that the property market is also making great headway with more

malls and retail stores in the pipeline. On the other hand, with a thrust towards further

development, the oversupply in office space experienced by Doha in the past is quickly being

reversed. One of the major stimuli for such is the preparations being done for the World Cup.

While Dubai is by far the more popular location of investment options for real estate investors,

Doha is surely catching up fast.


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Now Is The Time To Invest In Jordan Real Estate

Whenever people from the West talk of property investment overseas, places such as Dubai,

the south of Italy, and Costa Rica are frequently mentioned. However, not many realise thatJordan real estate is becoming more and more desirable as both internal and external factors

contribute to the countrys improving economic status.

International property experts and their clients have been speculating in the Jordan real estate

market, hence the recent strong growth period that the country is experiencing. Politically, the

kingdom is deemed very stable; combine that with the favorable economic climate and youll

find Jordan enjoying a significant increase in the number of investors and developers who wish

to take advantage of these advantageous conditions in the early days and see themselves part

of the countrys predicted financial boom.

With more and more non-Jordanians investing in Jordan real estate, especially in the

commercial centres of Amman and Zarqa, developers are in a rush to capitalize on this property

investment trend. Its not only the Westerners who are flocking to Jordan not only to purchase


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property but to actually live there. Given the political instability in most of the kingdoms

neighboring countries, its no wonder that many of their affluent citizens have chosen to cross

the border to enjoy the more peaceful conditions in this country; they are sure to find solace in

the familiar culture yet distinctly less hostile atmosphere.

Of course, you may also factor in Jordans recent reforms on several public policies, which

happen to have led to lower interest rates. Investors always keep a keen eye on countries that

allow cheaper forms of borrowing. Incidentally, the Landlords and Tenants Law has also been

amended, and this resulted in the end of the countrys fixed rent era, making the real estate

market more self-regulatory.

The available properties on the market are certainly a draw in themselves. So many attractive

options in the way of apartment complexes and other luxurious setups are definitely luring in

the property investors. Many foreigners find themselves able to afford living it up in Jordan and

count their address among the countrys finest, which are normally reserved for the privileged

few. Residents of these apartments enjoy state-of-the-art infrastructure and excellent services.

These impressive amenities are more attainable in Jordan than in other countries in the region.

The Jordan real estate market is likely to experience sustained aggressive growth for many

more years to come, so interest in the country is also expected to amplify. To make the most of

this ideal investment scenario, its best to make your move now.


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Dubai Real Estate Is Back In The Investment Limelight

Dubai has always been a favorite among top overseas property investment options. The Dubai

real estate market did suffer a setback when the emirate received a major blow from the global

financial crisis. The city has shown resilience, however, as not too long after, with a rallying cryfrom the local government and aid from other members of its family of emirates, it was able to

bounce back on its feet. Nowadays, Dubai real estate once again basks in the investment

limelight as investors hurry to take advantage of this lucrative stage with the prices having

bottomed out.

Foreign and local investors feel confident enough to place their money on anywhere within the

Dubai property sector. If you want to follow suit, you should take note of the fact that the

emirate is going through a transition and, while it is proving to be a prime time for property

investment, you should still do much research and analysis to come up with a sound investing

strategy.

Due to the crisis, investment density in Dubai was not very significant for a couple of years.

Since then, however, property transactions are increasing in number, especially involving

popular real estate areas such as the Dubai Marina, Downtown Dubai, and the Jumeirah Lake

Towers.


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Weve all heard of Dubai Marina. In terms of the property market, this area is definitely

extremely high end. Considering its upmarket environment, stunning architecture, and idyllic

lifestyle, the worlds most influential individuals have understandably been charmed by this

awesome city within a city. Imagine living in the level of opulence that only Dubai was able to

dream up, waking up to a breathtaking view that only a privileged few are privy to, andenjoying the estimable society of the worlds most powerful and beautiful; its really no wonder

investors want a piece of the action.

As for Downtown Dubai, landlords can offer what residents are already enjoying: an

inexplicable combination of serenity and urban lifestyle. It is home to some of the most

amazing landmarks on the planet, the Burj Khalifa being one of them. Being walking distance to

the renowned Dubai Mall is also another incredible perk.

Dubai wished for a lush lakefront community in the desert and got it. Jumeirah Lake Towers

boast of skyscrapers, sophisticated gardens, and the artificial lakes that have helped define

Dubai to be the city of manmade wonders. This area is a relatively new development, but it

already has a thriving community and prospects have always remained good even during the

realty crisis.

Dubai continues to enjoy a real estate boom. Projects are underway, lined up, being drawn up,

etc. The atmosphere is definitely invigorating. The city is an awe-inspiring place, and investing

in its real estate is nothing short of exciting.


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Be Part Of The 2030 Vision, Invest In Qatar Real Estate Now

Dubai has definitely been the bright shining star of the Middle East for many years now.

However, not too far away, Qatar, the richest country in the world by GDP per capita, isgradually making its bid for the top spot as well. Lots of Westerners have cottoned to this tiny

desert country. In Qatar, they get to live like kings. The luxurious and opulent lifestyle is more

accessible as it is the standard; just think of its collection of five-star hotels or even its five-star

airline. Its certainly no wonder why many have adopted Qatar as their new home.


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Doha, the capital and the largest city, is bustling to get everything spruced up for the 2022

World Cup, which it is hosting. Preparation for that much-awaited event is already bringing in

workers and investors from all corners of the globe. Qatar takes everything in stride, however,

as this is all part of the countrys 2030 vision. In the meantime, things are pretty much in the

state of transition, making this the perfect time for investment. While work is underway, youcan be part of the development and later take your share of the profits when the finished

product is ready for enjoyment.

Qatars economy, already backed by its reserves of oil and natural gases, continues to flourish

as other industries contribute to the countrys growing wealth. The tourism sector is definitely

thriving with more and more tourists flocking to Doha every year. Thanks to Sheikh Hamad bin

Kalifas programs that make sure all sorts of development are taking place, the Qatar real estate

market is also enjoying more favorable conditions.

In any case, with much foreign investment going on and expats galore, the property market is

striving to meet the growing Qatar real estate demand. Left and right, ultra-modern, sleek, and

stylish apartment towers are rising to provide homes for both transients and permanent

residents. They are designed to provide a vibrantly modern atmosphere, replete with all sorts

of conveniences such as round-the-clock security, state-of-the-art amenities, and excellent

services. Many developers aim to present a healthy mix of local culture and modern appeal in

the design of their properties. At any rate, luxury is the general byword and investors can

guarantee pleasure in whatever choice they make.

Qatar, with its riches in natural resources compounded by booms in tourism and real estate,

can be one of the few countries to experience truly having it all.


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Real Estate Saudi Arabia The Sophistication Of Western

Design With The Royal Setting Of The East

Everybody knows that the Kingdom of Saudi Arabia is one of the richest countries in the world.The members of its royal family are in the hundreds and they all live according to the luxurious

standards of their strongly kingdom culture. But even non-members of the royal family

actually uphold the highest standards of living; wealthy local merchants and many expats can

afford to do so for work rates remain to be so much higher than anywhere else in the world. In

fact, Saudi remains to be one of the most popular destinations for foreign workers because of

the ideal work rate for practically any job in any industry.

Due to the kingdom culture, for locals and foreigners who call Saudi Arabia their home, only

the finest things will do and major companies are making sure that they have provisions that


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serve the refined taste of the region especially when it comes to real estate. Saudi Arabia

actually has some of the most impressive real estate offerings in the world; high-rise

apartments, villas, palaces are all in the market. But also growing in popularity these days are

hotel apartments and European-inspired residences that are deemed more suitable to the taste

of the cosmopolitan elite and the famous personalities of the country.

Currently in the works is DAMAC Residences in Jeddah where many multinational companies

are based. It is situated in the top 10 floors of a spectacular ground + 46-storey tour de force

with interior design by top Italian fashion brand Versace Home. This project is going to be the

fulfilment of many peoples dreams for their home for it mixes the sophistication of western

design sensibilities with the rich culture of the region.

Strategically located in the heart of Jeddahs commercial district not too far from the historical

and magnificent Red Sea, the DAMAC Residences boast of being in close proximity to other

luxurious establishments such as the Hilton and Rosewood Hotels. The structure is surrounded

by a lovely landscape and it features a grand reception area with double-height lobby (a must

for all five-star residential provisions), and a guest lounge that was designed to leave a lasting

impression of everything to love about an opulent life.

On top of all those, this real estate offering will have cconcierge services and 24-hour resident

services, camera surveillance covering multiple floor parking, separate male/female swimming

pools, separate male/female gymnasiums, and separate male/female sauna and steam rooms.

The DAMAC Residences is definitely world-class and living in one of the units will surely let you

enjoy the beauty of living large in the Middle East.

Gold Nuggets From DAMAC Properties

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