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
 Feb 1 2015 - HMG wins Excellence Prize for patient care from Arab HealthArab News
(MENAFN - Arab News) Dr. Sulaiman Al-Habib Medical Group (HMG) continues its noticeable attendance in the Arab Health Exhibition in Dubai this year as it has been rewarded with the Excellence Prize ...

 Feb 1 2015 - How to get a job done for 5 onlyArab News
(MENAFN - Arab News) It sounds like a crazy idea but you can actually get a brand new logo for your company or get 250 words translated or 1500 words proofread or your personal piano player for just ...

 Feb 1 2015 - Etihad Airways appoints first female Emirati airport managerArab News
(MENAFN - Arab News) Etihad Airways the national airline of the UAE has appointed Fatima Al-Kharousi as the first Emirati female airport manager. Based in Nagoya Japan she will be responsible for ...

 Feb 1 2015 - Saudi- Facebook beats forecasts with strong profit gainsArab News
(MENAFN - Arab News) SAN FRANCISCO: Facebook said that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash.While ...

 Feb 1 2015 - Facebook beats forecasts with strong profit gainsArab News
(MENAFN - Arab News) SAN FRANCISCO: Facebook said that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash.While ...

 Feb 1 2015 - Israeli occupation forces Arrest 10 Palestinian in West BankQatar News Agency
(MENAFN - QNA) Israeli occupation forces arrested since dawn today10 Palestinians in the West Bank amid heavy gunfire during incursions into the West Bank cities of Hebron, Bethlehem and ...

 Feb 1 2015 - 'Qatar Green Building Conference' to Take Place in Doha in AprilQatar News Agency
(MENAFN - QNA) Qatar Green Building Council (QGBC), a member of Qatar Foundation for Education, Science and Community Development (QF), has announced its upcoming inaugural annual conference. The ...

 Feb 1 2015 - Jordanian Government Condemns Execution of Japanese HostageQatar News Agency
(MENAFN - QNA) The Jordanian government strongly condemned on Sunday Daash killing of Japanese hostage journalist Kenji Goto. Jordanian Minister of Information Affairs and Government Spokesman Dr. ...

 Feb 1 2015 - Qatar Armed Forces General Command Issues Precautionary WarningQatar News Agency
(MENAFN - QNA) Qatar Armed Forces General Command forces has announced that the marine shooting range (O.B.D-28), located east of Mesaieed near Fasht Al-Hadid, will be active during the period from ...

 Feb 1 2015 - Qatar Computing Research Institute, Boeing to Host MLDAS 2015 in MarchQatar News Agency
(MENAFN - QNA) Building on the overwhelming success of last year's inaugural symposium, Qatar Computing Research Institute (QCRI) and Boeing are once again partnering to host the second edition of ...

more...


 






Google

Internatinal Property Show

 
 

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