Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Residential property investment proves a hit as next move live wraps up  Join our daily free Newsletter

MENAFN Press - 24/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) The first edition of Next Move live concludes today at the Madinat Arena, MadinatJumeirah, bringing an end to three successful days ofnew property launches, unbeatable promotions and exclusive investment opportunities.



The UAE's new consumer property show, which opened on Thursday, 20 February, attracted thousands of prospective buyers and renters over the weekend seeking the hottest developments in the local and international real estate market.



Michael Bono, a 37 year old Australian, Dubai resident visited the three-day show to seek advice from leading property developers, real estate agents and banks."I am a firm believer that a residential investment is the best option in Dubai at the moment," said Bono.



"I already have my own place and I'm at Next Move live to see if there is anything new in the market and if it's worth selling my property and investing in something else.



"As a resident in Dubai, it makes sense to buy your own place and pay a mortgage, rather than losing money on rent each month. You can make your property work for you through capital appreciation and then when the time comes to move on, you can sell and make a profit.



Brought to Dubai by the organisers of Cityscape, Next Move liveoffered visitors more than 4,000 units from the UAE, UK, Spain, Cyprus, USA and many more



Several major UAE based developers showcased their key developments,including theRas Al Khaimah-based RAK properties, who displayed their new sea view development 'Flamingo Villas'



Rashed Sultan Al Khatri, Director of Marketing and Sales at RAK Properties, said: "We are offering convenient payment packages to our customers to boost their investment revenues and anticipate a significant increase in unit sales in the coming period.



"Our main focus is to promote completed projects at Next Move live and display our residential developments which represent a new milestone in the company's history and will be completely self-contained, creating their own identity.



With property prices in high-value areas such as Palm Jumeirah, Business Bay and Jumeirah Lake Towers showing the biggest increases by the end of 2013, developers are shifting their focus to areas such as Dubailand, Motor City and International City which offer consumers an affordable alternative



"The basic rule of real estate is "location, location, location," said Wouter Molman, Director of Cityscape Group. "In other words, investors need to know where they are buying. Finished communities in convenient locations with the right amenities, schools and community centres are always highly sought after, even when markets aren't in the strong position that they are today.



"The predominant trend in the last three days at Next Move live has further verified this, as exhibiting developers and brokers put a huge emphasis on the mixed-use element of their properties as part of their business strategy.



Next Move live is officially supported by Platinum Sponsors Aldar Properties and Flash Properties, Gold Sponsor Orient Desert Real Estate and Silver Sponsor Pacific Ventures. Commercial Bank of Dubai is the Official Banking Sponsor of the show.



About RESIDENTIAL PROPERTY INVESTMENT
RESIDENTIAL PROPERTY INVESTMENT

 


MENAFN Press




  MENA News Headlines
 Dec 22 2014 - Oil markets face uncertain future as OPEC targets competitorsAFP
(MENAFN - AFP) The determination of powerful Gulf OPEC members to stifle competition from new oil producers has left the global energy market reeling and sparked unprecedented uncertainty, officials ...

 Dec 22 2014 - MoI discusses setting up national strategic plan to fight drugsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The Ministry of Interior, MoI, has discussed ways to establish the first national strategic plan to combat drugs. The discussion took place during a specialised ...

 Dec 22 2014 - GCC Secretary-General hails initiative of Saudi King on Qatar, Egypt reconciliationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Dr. Abdullatif bin Rashid Al Zayani, GCC Secretary-General, expressed satisfaction with the initiative of the Custodian of the Two Holy Mosques, King Abdullah ...

 Dec 22 2014 - Etihad Airways goes double daily to MelbourneEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Etihad Airways today announced plans for a second daily non-stop service between Abu Dhabi and Melbourne from 1st August 2015.The additional flight will be ...

 Dec 22 2014 - Dubai Municipality launches recycling initiative at Safa ParkEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Dubai Municipality has launched an initiative to encourage Safa Park visitors to exchange their recyclables, such as plastic and cans, in exchange for Union ...

 Dec 22 2014 - Ducab Aluminium begins construction of new facility in KizadEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Abu Dhabi Ports Company, ADPC, has announced that Ducab Aluminium Company has broken ground for its new aluminium rod and conductor facility at Kizad.After ...

 Dec 22 2014 - Kuwaiti Emiri Diwan mourns death of Sheikha Sabah Al-Nasser Al-SabahEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The Kuwaiti Emiri Diwan today mourned the death of Sheikha Sabah Al-Nasser Al-Sabah, spouse of His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.According ...

 Dec 22 2014 - OPEC daily basket price Friday 19th DecemberEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The price of OPEC's basket of twelve crudes stood at US$55.52 a barrel on Friday, compared with $56.30 the previous day, according to OPEC Secretariat ...

 Dec 22 2014 - World Islamic Travel Summit to debut in Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The World Islamic Travel Summit, WITS15, the largest showcase of Halal travel and tourism solutions, is to debut in Abu Dhabi next October.The pioneering ...

 Dec 22 2014 - DEWA sponsors first Emirati student to Lima Climate Change Conference in PeruEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Bader Al Hammadi, an Emirati student and Carbon Ambassadors Programme member, has participated in the United Nations COP20 Climate Change conference in Lima, ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help