Own a piece of the worlds strongest housing market

  • 11 years ago
  • Uncategorized

Photo credit: xetark

In the last 12 months, Dubai has undergone an incredible
transformation – from a country struggling with recession to
(according to
Knight Frank) the strongest housing market in the world.

With the emirate providing an economic safe haven for
investors on top of its exceptional standard of living,
demand for real estate
in all shapes and sizes is rocketing upwards all across the
globe.

Ramon Patel is happy to own just a piece of the property
market: “There’s such demand for property
here, especially in Dubai Marina,” he
tells me, “thanks to the spectacular views and the sheer
amount of shopping,
walking and other activities in the area.”

Indeed, Dubai has become a hub for the world’s
elite,
snapping up luxury apartments to enjoy the exclusive
lifestyle. As a result,
even fractional ownership, once the controversial new
investment scheme of the
global property industry, is providing excellent value for
money, explains
Ramon.

“I bought my apartment here in 2010.
There’s a steam sauna
in the building, plus a Jacuzzi, a swimming pool, and the
room is cleaned and
the linen is changed weekly,” he says.
“And, of course, the apartment is
fully-furnished and has internet access.”

Photo credit: PlannedCity

With buyer demand and real estate quality equally high,
having two weeks a year is perfect, argues Ramon.
“If you don’t want to go out
there, it’s easy to find people who do. You can do
as you wish with your share
– offer it to friends and family, or rent it out without any
of the management
fuss.”

The apartment itself was built two years ago and is still in
pristine condition, he adds, which helps with securing a
tenant, making it easy
to cover your investment costs with consistent annual
returns.

“You can continue to rent it out at two weeks per
year until
2022,” he says. “Then the property is sold
and your investment share returned at
market value.”

With the market stronger than ever and the recession firmly
behind Dubai, Ramon continues, even owning a fraction can be
a profitable
lifestyle decision. The total returns by the end might even
be enough to contribute
towards living there all year round.

 “That’s what I
did!” laughs Ramon. “I enjoyed my two
weeks a year so much, I ended up buying a
place myself. That wouldn’t have happened without
this investment.”

Own a piece of the
world’s strongest house market

Buy a fractional ownership apartment for £9,999,
plus £480
management fees per year:

http://dubai.homesgofast.com/properties/the-torchdubai-marinauae-TMC6908773/

 

 

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