In a situation of an increase in the number of international investors wishing to purchase real estate in Dubai, Al Fajer Properties, one of the leaders in commercial real estate today, said that the steadily high returns on investment cause increased global attention to the real estate market of this emirate in the Persian Gulf and even celebrities who want to take advantage of such tempting opportunities are attracted.
Announcing the investment of football hero Luis Figo in his world's first branded five-star network office property, acquired on a freehold basis at Jumeirah Business Center Towers, located in Dubai's most respectable new residential and business district, Al Fajer Properties emphasized that "this was an outstanding example of the trust that the dynamically developing Dubai real estate market is causing among global investors.
On the sidelines of the Expo Italia Real Estate (EIRE) exhibition at Fiera Milano, which featured the Jumeirah Business Center Towers project, Dr. Shahram Abdullah Zadeh, CEO of Al Fajer Properties, said: "European investors, among which Germany and the UK are leading, are showing a keen interest in real estate in Dubai, and we are here to understand and appreciate the potential demand for it in other parts of Europe. Our participation in this exhibition also gives us the opportunity to strengthen bilateral mutually beneficial relations between investors in the UAE and Italy. " EIRE is the leading Italian real estate exposition and one of the largest venues in Europe where international transactions are made in this area. EIRE is organized by Ge FI S.p.A.
“We are happy that Luis Figo, the famous Portuguese footballer and midfielder of the Italian club Inter Milan, has become one of our respected investors. Since the beginning of this year, our Jumeirah Business Center Towers project has attracted a large number of international investors, including celebrities from around the world,” noted Dr. Shahram.
The Jumeirah Business Center complex consists of five skyscrapers in the Jumeirah Lake Towers microdistrict, a unique place where high-rise buildings harmoniously fit into the landscape with well-kept gardens and water installations. This multi-functional “town”, consisting of residential, office and retail space, with world-class leisure facilities, boardwalks around lakes and specialized restaurants, is managed by the Dubai Multi Commodities Center (Dubai Commodity Trading Center).
“Jumeirah Business Center Towers provides many unique advantages, and the most important of them is that the complex is located in the free economic zone, which guarantees 100% transfer of capital and profits. Dubai, known for offering tax-free privileges and projects with the right of unconditional ownership (freehold), offers investors lucrative investment opportunities, "said Dr. Shahram.
Commenting on his investments in Dubai and specifically in the Jumeirah Business Center Towers project, Luis Figo said: “I consider Dubai a very dynamic place where investments in the real estate sector offer much greater returns than in many other countries and cities around the world, including Great Britain and New York: Al Fajer Properties, being one of the most reliable developers in the region, has provided us with a unique investment opportunity to acquire freehold offices with all the advantages of a free economic zone, which adds to the price news investment. "
Luis also said that his investment in the Jumeirah Business Center Towers project reflected his personal belief in the profitability and appropriateness of owning an internationally recognized Dubai property, as Dubai is a renowned Middle East trading and business center with excellent infrastructure offering opportunities for continued growth in rental income. .
“I’m sure that Dubai offers amazing world-class projects for investment, and the Jumeirah Business Center Tower office complex is one of the great opportunities open to investors from Italy. Al Fajer’s 40 years of experience in the market and her attention to every little thing have inspired me even greater confidence in the correctness of my investments, "added Luis Figo.
Al Fajer Properties, in partnership with Abu Dhabi Commercial Bank (ADCB), has also announced the provision of mortgage financing to its customers, under the guarantee of the developer, due to which the investor will need to pay only 30% of the value of the acquired assets during the construction period and 10% upon completion. The remaining 60% can be paid for more than 10 years after the investor has already settled in his own property.
“We expect a 20% return on investment in the Jumeirah Business Center Towers complex, which makes it one of a kind. The great response this project has received stimulates us to further develop the brand, and we are in the initial stage of expanding part of the Jumeirah Business Center Towers” “said Dr. Shahram. The Jumeirah Business Center Towers project is part of Al Fajer Properties' market assets totaling € 1 billion. The company is also completing preparations for entering the residential and hotel real estate market.
Commenting on the company's participation in the Italian real estate exhibition, Dr. Shahram said: “We are currently exploring the possibilities of cooperation with leading Italian designers and companies involved in the construction of real estate, with the aim of developing a fashionable resort for our future project, as Italy is considered a recognized center of fashion and known for her unique design ideas. "
As part of a specially organized meeting at his booth during the Expo Italia Real Estate (EIRE) 2007 exhibition, Al Fajer Properties presented its projects to corporate investors, wealthy people, large banks and public funds, focusing on emerging markets. Speaking to the audience, Dr. Shahram Abdullah Zadeh, General Manager of Al Fajer Properties, said: “Demand, which is ultimately the product of the country's economic growth, is the key factor driving the continued growth of the real estate sector. Today, the Middle East region passes through a cycle of unprecedented growth What makes Dubai stand out is its clear leadership in investing tens of billions in infrastructure, certain industrial zones, state-of-the-art airports, and logistics centers , new buildings supporting the tourism, leisure and entertainment sector, exhibition and forum centers, medical and educational institutions, etc. In the development of infrastructure, Dubai has become a global symbol and has gained a worldwide reputation.
There is great potential for investment opportunities that benefit both parties involved. We all know that great and attractive features cannot stay that way forever. My message in this context is that - regardless of Al Fajer Properties and the investment projects that we offer you, invest in any of Dubai's real estate properties and you are guaranteed to receive much higher returns on investments than in Europe or America. "
