Real Estate

Luxury programmer DAMAC Characteristic has released a 24 % rental guarantee on selected devices in Dubai, giving peace of mind to capitalists seeking to profit from attractive prices in the Dubai realty market.

Proprietors will certainly be able to obtain 8 percent a year returns for the very first three years complying with the handover of the systems.

"We strongly believe that Dubai is established for steady development in the tool term as well as we are supporting that up by supplying a 24 % rental warranty to offer reassurance to customers," stated Niall McLoughlin, Senior Vice President, DAMAC Properties. "Eight percent a year return for 3 years is at the leading end of any type of realty market worldwide as well as we are the only luxury designer in Dubai presently providing such a secure investment proposition.".

"We have seen a fair bit of scaremongering on the market in current months which could have a detrimental effect on view in the marketplace. By giving such a high, tax-free offering on our systems, we are placing our head over the rest and also underwriting any kind of variations that could take place down the line," included McLoughlin. "When you also factor in the potential for funding development, I have no idea of a much better, more safe and secure financial investment opportunity anywhere.".

While some recent credit records have actually indicated a softening out there, Knight Frank's The Hub records showed that a US$ 3 million investment in Dubai property would certainly be worth US$ 4.8 million in today's market-- greater than other global city including London, Paris, New York, Hong Kong, Singapore as well as Sydney.

The projects included within the 24 % rental guarantee are: chosen vacation homes at AKOYA Oxygen and also AKOYA by DAMAC master growths, DAMAC Towers by Paramount Hotels & Resorts (A, B and also D), NAIA Ghalia, DAMAC Maison Majestine, Merano Tower, Paramount Tower Hotel & Residences, DAMAC Maison Priv (An as well as B), as well as NAIA Vantage.

As of 30th September 2015, DAMAC Properties has actually delivered 14,375 residences and also has a development profile of over 37,000 systems at various stages of development and preparing. Included are greater than 13,000 resort areas as well as serviced resort houses under development, which will be handled by its hospitality arm, DAMAC Hotels & Resorts.

More details is readily available at www.damacproperties.com.

Notes to publisher: DAMAC Properties has actually been at the forefront of the Middle East's deluxe property market since 2002-- bringing deluxe living encounters to locals from throughout the world. Making its mark at the greatest end of fashionable living, DAMAC Properties has actually sealed its location as the leading luxury designer in the region, supplying iconic design and the upmost quality. The firm's footprint now expands across the Middle East with tasks in the UAE, Qatar, Saudi Arabia, Jordan as well as Lebanon.

Since 30th September 2015, DAMAC Properties has actually provided 14,375 houses and also has an advancement portfolio of over 37,000 systems at numerous phases of progression and also planning. Consisted of will be more than 13,000 hotel spaces and serviced hotel apartment or condos as well as vacation homes after complete turn out, which will certainly be managed by its hospitality arm, DAMAC Hotels & Resorts.

With vision and also energy, DAMAC Properties is creating the next generation of Middle East luxury living.

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