Dubai Still Big Attraction for GCC Investors, Says Developer
Dubai, UAE, 18 January 2017: GCC capitalists have not allow regional economic problems undermine their interest in Dubai residential property which is still considereded as providing long-lasting economic safety and security, claims a Saudi Arabian programmer developing itself in the UAE residential property market.
ARTAR Real Estate says the Dubai market is experiencing a period of healthy and balanced stabilisation leading the way for strong growth in the accumulation to Expo 2020.
And the company believes that prime locations such as Dubai's Downtown area, where it's Mada Residences tower is located, are particularly appealing for Saudi and various other GCC investors that want the best of both typical and multicultural globes.
" Dubai continues to be an attractive investment location for regional financiers as a result of its central location, shared religious and cultural values and cosmopolitan way of life, world-class facilities and a wide variety of centers for businesses and vacationers," said ARTAR COO, Eng Okbah Abdulkarim.
" Prime place projects such as ours position financiers strategically for long-term development. Existing market price are close to construction costs and I cannot consider a much better time to buy. You get fantastic value for cash today."
Added Abdulkarim: "We have actually not experienced minimized queries due to oil prices as our property, unlike others in Midtown, interest a wide range of end users and investors. We are not reliant on the kind of purchasers impacted by the drop in oil income
" Actually the existing situation in Saudi is a great incentive to buy Dubai due to a much more diversified economy, huge mega tasks and events such as Expo 2020 Dubai which are owning the economic situation ahead."
Abdulkarim, that answered concerns from financiers and media during a Mada Residences live tweeting session on Tuesday (17 January), believes that 2017 will certainly be a year of debt consolidation bring about a surge in property financial investment next year.
" We remain in the middle of a healthy and balanced stablizing phase which I really feel will certainly lead to steady and fully grown market type development rates leading up to 2020," he said. "We feel that in very early 2018 Midtown specifically will certainly see strong demand from the usual GCC investors as we come close to the fact of Exposition 2020."
Backed by HALF A CENTURY of regional experience, ARTAR selected its Mada Residences area seeing Dubai's Midtown district as one of the world's prime main city locations for financial investment and living.
" We're a one minute walk to The Dubai Mall Extension, 2 minutes from Business Bay Marina, the Private yacht Club, Boardwalk and an RTA Water Taxi Station. It is truly tough to think about a city with such a massive wide range of dining, enjoyment, retail, recreation, social and various other centers in one location," he stated.
With most of apartment offered and ARTAR vowing that Mada Residences will be finished in a timely manner in Q2, 2018, a peaking event will certainly occur next month.
" As a result of the overwhelming success of our first project we're considering a 2nd to be revealed in the near future," stated Abdulkarim. "We're planning to seal our setting as one of the very best shop developers in Dubai."
Caption: ARTAR Property Development COO, Eng Okbah Abdulkarim.
