Construction firm Laing O’Rourke plans to add up to 4,500 more staff to its operations in the Middle East next year. The largest private construction company in the UK, it has said that its future growth will be in the GCC. The company currently employs just over 4,000 people in the Middle Ea...
Dar Al Arkan launches its Qasr Khozam development today. The new town in Jeddah, Saudi Arabia is a 4 million square metre area of land that also incorporates the palace of the late King Abdulaziz bin Al Saud. The development is expected to take six years to complete and will be done in phases. The m...
Dubai-based ACI Real Estate has launched a Dhs3bn tennis academy and resort in the UAE emirate of Ras Al Khaimah along with tennis legend Boris Becker, who holds a 50% partnership in the academy and part ownership in the rest of the resort. The Boris Becker Beach Resort and Tennis Academy is ACI...
Dubai's attorney general said yesterday that former Deyaar chief executive Zack Shahin may remain in custody until the prosecution has completed its investigation, reported Khaleej Times. The detention of Shahin, who is under investigation for alleged financial irregularities, was extended for ...
Dubai-based Nakheel and The Land Holding, a Saudi Arabian developer, have signed an agreement to form a joint venture company for the development of projects at Waterfront, a Nakheel coastal master-development. According to Yousuf Kazim, the managing director of Nakheel Joint Ventures, the new compa...
Landvest Dubai offers a comprehensive range of investment property across the UAE. Landvest Dubai’s investment property options include purchasing freehold investment property across Dubai,
Jebel Ali
, Sharjah, Ajman and Abu Dhabi. Investment property is available in many 100% freehold commercial and residential developments across some of the most prestigious locations across all these regions. Investment property across these regions, are 100% freehold.
Investment property in the UAE does not incur any legal fees. Investment property is not liable to any stamp duty. Earning on investment property in the UAE is completely tax free. Capital growth on investment property is still relatively strong. Investment property in the UAE is very popular amongst foreign investors and local investors.
Investment property is being sought by buyers who are seeking low cost budget investment property opportunities and speculators buying on larger scale for long-term capital growth. Investment property is very popular around the shoreline areas of Dubai and investment property is also becoming increasing popular within commercial developments due to the lack of current office space in Dubai.
Investment property is in great demand due to the sheer scale of population increase and major conglomerates seeking a presence in the Middle Eastern region. Investment property in Dubai has seen strong returns on investment in the past 3 years anything in the region from 8-12% appreciation in value. Investment properties have attracted very strong rental yields and are increasing on a year-year basis. Investment properties are currently attracting rental yields anything in the region from 10-14% per annum.
Investment property rental options are still in high demand due to shortage in accommodation. Investment property will continue to be high demand, as demonstrated by the continuation of strong sales across the UAE. Although investment property is ample across the region, the forecasted population increase in the UAE will mean further demand for property within 10 years. The UAE has seen a population increase from 2.2 million to 2.6 million within the last two years, driving real estate prices through the roof. This, one feels will continue for the foreseeable future.
