Property market Dubai - chances and risks
Example Tower from Dubailand
(openPR) - chances and risks
Dubai belonged communicate China, India and the eastern European neighbour,
to material Estate markets of the world boom-end.
50% of the large construction cranes of the world are to be in Dubai in the employment.
The projects have such a order of magnitude and multiplicity that one specifies them hardly fully
could.
A project of the special class is developed “Dubailand” of the Dubaiholding,
as world largest tourism project on a surface of approximately 180 qkm.
Dubailand is divided into over 30 “topic worlds” and consisted by no means only of hotels and one
Multiplicity of topic parks in Disney the style, but also from high-quality Office Tower´s and exclusive
Blocks of appartments of the upper Preisklasse.
Since 2006 are the acquisition permitted by properties in Freeholdzonen such as Dubailand for foreigners,
in former times there were only Freelease zones with the well-known disadvantages.
Some the well-known advantages of Dubai:
One of the safest cities of the world
The gate to Asia for trade and tourism
Develops to the Leader in Tourimus, trade and economics of the whole region
Growth rate 100% in 6 years
Expected flight passenger numbers in the future: 120 millions p.a
Tourism rise until 2010 = 15 million guests p.a expects
8 - 12% Rental return OF Investment
That also risks face.
Really good properties become less and are hard contest, them partly change
before commencement of construction 5 times the owner (with impacts).
It is to be worked importantly with partners, also necessary permission in the national territory
e.g. for building requests have and not only in the Freezones (like many foreign Baubetreuer and architects)
which unnecessary double costs causes.
It applies also here:
A real estate must fulfill only 3 points:
Situation, situation and situation
Only in the core zones, no extension with competition buildings can after conclusion of the construction work
more take place.
In the peripheral locations and at the sea, the risk exists that 2 years later the nights still better plant
and the interest with the resale develops sinks accordingly.
On hotels to set also a risk can be, if it not completely special Design,
Equipment or situation exhibits, since on the market a substantial competition will prevail.
Remain Office/Businesses Tower in best situation, within an final master plan.
Such objects are very RSR ....... particularly directly from the Masterdeveloper.
Rainer harsh Erich real estates has up-to-date such an very rare object!
45 Floor a Office Tower with completion 12/2008 in very best situation.
Directly of the Masterdeveloper, temporally limits to 10.03.2007 as complete object to acquire.
Investors or fund initiators can turn because of details to the beautragte broker enterprise, see contact contacts/press contact
Rainer harsh Erich real estates IVD
Managing director Rainer harsh Erich
Klarenthaler Str.20
65197 Wiesbaden
Tel. 0049 0611 9490665
Fax. 0049 0611 40 90 402
www.herberich-immobilien.de
Rainer harsh Erich real estates is examined member in the IVD real estate federation Germany
and in in the European Maklerverband C E I.
The focus of my activities is on the preparation of business contacts
between Europe and the united Arab emirates.
2005 I became by the Business at that time Executive of that that
Dubail Investment and development Authority for negotiations in the name of Dubailand with foreign investors and project developers authorizes.
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