Dubai properties continue to set sales record
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by: William King
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Investors are eager to get into Dubai real estate market. This is evident by the fact that properties are sold within weeks and in some instance days or even hours of their launch. These sales are boosted by the fact that Dubai real estate actually delivers what it promises. High demand has created a magnet-like affect, drawing investor's money into Dubai from all around the world as soon as a project is launched. Let's look at some of these quick sales.
Entire Building “sold” in hours:
"Dubai properties", a subsidiary of "Dubai properties group" recently announced that it has sold an entire 8 floor building within hours (yes, hours) of release. This building is a part of "Bay Square" project and the remaining buildings will be sold during the course of this year.
Santeview Project:
The urgency in the investor's to grab a piece of property in Dubai was seen when it took just one day for Santeview project by Sungwon to be declared "sold out" after it was launched. Sungwon Corporation is among the biggest construction company in South Korea and it is extensively involved in construction works in GCC now. Their Korean origin mixed with an Arabian touch gives the building an edge over others in technology and design.
800 Villas sold within a week:
Nakheel, another key player in the Dubai real estate arena got an amazing response of 800 villas sold within a week. These villas are a part of "Al Furjan" project, a set of beautifully designed villages that promises to provide its residents a comfortable family life.
Tameer breaking records at Cityscape 2007:
Cityscape Dubai 2007 proved to be a milestone for Tameer, a major real estate developer. 3 days of this largest real estate investment event saw the launch of three latest development projects by Tameer and record sales of Dhs1.9bn. Also in this exhibition Tameer sold 100% of "Platinum Tower’s" office space in less than one hour.
The Wave Business Towers:
Dubai real estate industry doesn't give you a lot of time to mull over, you need to react quickly or you would be left regretting, as the properties are taken by investors in no time. The same happened in the case of "The Wave Business Towers" by "High Rise Real Estate". The three commercial towers were sold right away and the company announced that their investors have already started to see yields on their investment.
Concluding Remarks:
Deyar's Mirar Residences sold in hours, First Dubai Real Estate development company making record sales from its Morina Residence, Silver Tower sold within 2 weeks of its launch, Quartet residential towers in Dubai Lagoon development sold in less than 2 months, all this and many other immediate sales indicate that anybody willing to invest in Dubai real estate market needs to be quick and well aware of all the new anticipated developments.
About the Author
William King is the director of Lahore Real Estate & Lahore Property: http://www.zameen.com/Homes/Lahore-1-1.html, Abu Dhabi Property & Abu Dhabi Real Estate: http://www.bayut.com/abu_dhabi_property/real_estate_properties-sale-6020-1.html and Dubai Property & Dubai Real Estate: http://www.bayut.com/dubai_property/real_estate_properties-sale-5002-1.html. He has 18 years of experience in the marketing and trading industries and has been helping retailers, entrepreneurs and startups with their product sourcing, promotion, marketing and supply chain requirements.
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