Dubai Sharjah Ajman Abu dhabi Properties & immigration News

Dubai property market untouched by inflation : Gowealthy.com

2008-07-07T04:36:00.000-07:00

According to a study by the International Monetary Fund (IMF), inflation in the UAE, estimated at 11 per cent in 2007, is set to drop to 9 per cent in 2008. The IMF's forecast of an easing of inflation came as economists warned of a 3 per cent surge in inflation across the GCC in 2008. The rising inflation in the UAE is mainly due to a weakening US Dollar to which the UAE Dirham is pegged against. A Dirham-Dollar peg means the region has limited ways to control inflation as central banks follow the monetary policy of the United States, where the Federal Reserve has slashed interest rates since the global credit bubble popped last year.

'Inflation will continue to rise for years. Expected inflation in GCC countries is to add 2-3 points in 2008 above its level in 2007.' Dubai property sales in 2007Upon studying the current trend of inflation across the UAE, we observe that contrary to expectations, land prices have been steadily heading north instead of declining. The total value of land transactions in Dubai last year was US$12.94 billion, according to Land Department. Some 2,329 land plots were sold in Dubai during April-June this year with a combined value"

June : Commercial Space – Dubai faces shortage : Gowealthy.com

2008-06-29T04:20:00.000-07:00

June : Commercial Space – Dubai faces shortage : Gowealthy.com: "Commercial Space - Dubai faces shortage

Commercial Space - Dubai faces shortage

Our studies estimate that currently some 1.72 million sq ft of commercial space is available in Dubai with a pent-up demand for 7.29 million sq ft. The commercial sector has gained momentum among investors and end-users as the rate of availability of Grade A office spaces is even lesser than 1%.

It is worth noting that the rate of office occupancy in Dubai has touched an all-time high of almost 98-99% with zero vacancy levels.

Our research reveals that more than 90% of Dubai's buildings designated for commercial utility are either under construction or recently launched; with most of the developments adopting 'strata' sales.
demand for commercial space all time high

According to Dubai Strategic Plan 2015, Dubai plans to focus on the expansion and development of the trade and commerce. The emirate aspires to carry forward its current economic performance as the trade sector has experienced the highest increase in GDP in last few years. Dubai wishes to sustain a real GDP growth rate of 11% p.a. for next 10 years and increase the real GDP per capita to $44,000 in 2015.

The issued by the World Conference on Trade and Development (UNCTAD), UAE ha"

Real Estate Projects in Ajman - Months waiting Requiers for getting Electricity and water

2008-06-22T05:46:00.000-07:00

Lack of coordination between government bodies could impede the growth of the real estate sector in the Northern Emirates of the UAE. Over 300 realty projects are under various stages of development in Ajman, Umm Al Quwain and Ras Al Khaimah that might finish in time but may face difficulties in securing water and electricity, according to insiders.

Hassan Abdullah Al Ghasyah, executive director of Supply at the Federal Electricity and Water Authority (Fewa), said: "Local government authorities have not coordinated on precise water and power requirement with Fewa. However, according to the Cabinet decision, Fewa is committed to a minimum 8 per cent annual growth in power and water demand."

Global Property Recession - UAE unaffected, Gowealthy.com

2008-06-15T01:06:00.000-07:00

In the wake of a looming global recession, property markets worldwide are experiencing major shake-ups that are certain to have far-reaching consequences. As they grapple with rising inflation, oil and food prices, the UK, the US and the Asian real estate markets are increasingly showing signs of a meltdown. But the Middle East, especially the UAE seems to have bucked the prevailing trend. The UAE economy attained an overall growth of 7.4 per cent in 2007 over 2006. Oil revenues averaging US$ 69.1 billion constituted 35 per cent of the UAE GDP in 2007, but it was the non-oil sectors, mainly real estate and construction that made a major impact, accounting for 65 per cent of the Gross Domestic Product
As the UAE economy develops, its real estate sector has blossomed into an attractive investment market, offering solid returns. Dubai is currently one of the world's top ten expensive commercial property markets, according to a report by CB Richard Ellis.

In the study, Dubai debuted at number 10 with an occupancy cost of US$128.49. With a near-doubling of occupancy costs, Moscow has climbed four places to second at US$232.37. Ranked 13^th worldwide, Midtown Manhattan is still the priciest market in North America at US$103.43.

The Boulevard a landmark for the emirate of Ajman

2008-05-11T02:22:00.000-07:00

The signature development of aaproperty.ae 'The Boulevard' is set to become a true landmark for the emirate of Ajman , with functional and futuristic living spaces and wide ranging amenities. 'The Boulevard' comprises 14 residential and commercial towers, a five star hotel, and a mall with top retail brands, trendy boutiques, hip cafes, restaurants, grocery stores, and 5000 Sq ft of kids playing area, which gives the ideal environment to live, work and entertain you and your family. It takes only 25 minutes from Dubai International Airport and 10 minutes from Sharjah Airport to reach 'The Boulevard'. 'The Boulevard' will create futuristic living spaces that will energize your mind, soul and body.

* Dynamic business environment
* Contemporary & productive work environment
* High-tech office spaces
* Modern living spaces
* Both the mall and hotel will be managed by world class management groups.
* The entire project is freehold and provides residence visas.
* Functional spaces with practical amenities and futuristic designs.
* Strategically located on Emirates road highway; a mere 25 minutes drive from Dubai International Airport, and 10 minutes drive from Sharjah Airport .
* The project comprises 14 towers, a 5 star business hotel, and Shopping mall with brands from around the world.
* Over 2000 basement and podium parking spaces.
* Construction on "The Boulevard" is expected to start soon. The first phase of towers is slated for completion in the 2nd quarter of 2009.

Ajman Holding launch The Boulevard a mixed use real estate project in ajman

2008-05-08T04:39:00.000-07:00

Aa Properties, the real estate arm of Ajman Holding, has announced the launch of The Boulevard, mixed-use real estate development in Ajman. The master development consists of 14 residential and commercial towers, a 5 star business hotel and a mall with top brands all across the globe, as well as over 2000 basement and podium parking spaces.

His Highness Sheikh Abdul Aziz Bin Humaid Al Nuaimy, Chairman of Ajman Holding Group said: "Boulevard is the signature development of our company. The project consists of residential, office and retail spaces with various state-of-the art-facilities. The development is located far away from the hustle and bustle of city life, where people can enjoy a calm and peaceful environment."

The real estate master development in Ajman is located just 25 minutes from Dubai International Airport on the Emirates Road highway, making it quite convenient for residents to commute to Dubai. Construction on ‘The Boulevard' is expected shortly, with phase one scheduled for completion in the second quarter of 2009. Aaproperty has signed a contract with Adnan Safarini Consultancy to carry out the design process of ‘The Boulevard' project.

Escape Launches Saddle Homes In Ajman

2008-05-01T01:16:00.000-07:00

Escape, an equestrian community under development in Ajman, has released a brand new housing concept to the market. The Saddle Homes at Escape offer the spacious design of a small villa combined with the convenience and ease of an apartment. These attractively priced two-storey residences are situated in configurations of four, and will be set amongst creative landscaping in keeping with the rest of the project.

GGICO launches Phase Two of Axis Residences project worth Dhs1.3bn at Dubai Silicon Oasis

2008-04-16T00:00:00.000-07:00

GGICO P.S.C., one of Dubai's leading diversified group of companies listed on the Dubai Financial Market, has launched the second phase of the hugely successful Axis Residences in Dubai Silicon Oasis totaling a value of over Dhs1.3bn.Continuing the successful partnership, Dubai's award winning real estate broker, Gowealthy.com will be exclusively handling the commercial sales and marketing of the 7 towers.

GGICO has developed a focused strategy for the coming years and is poised to replicate its proven track record of highly successful master developments including Horizon Towers and Emirates Crown in Dubai Marina, Olympic Park in Dubai Sports City and the initial phase of Axis Residences which is due for completion in the fourth quarter of 2008. Of the seven towers, one is schedule for completion during 2008, giving further credence to GGICO's commitment to deliver an enhanced value proposition with all its offerings.

'Once again, Gowealthy.com's innovative marketing strategies proved very successful with the first phase of the project accomplishing a complete sellout before the official end of the launch period. In such a competitive market it is imperative we form alliances with partners that can ensure our developments are the focal point in the market place to potential investors. Vision sharing and common goals are basic but intrinsic factors that GGICO implements in all its practices across the 30 subsidiaries and affiliates, and aided in establishing ourselves as a leading diversified business group over the company's 35 year history in the region,' commented Mohamed Abdallah Juma Al Sari, Managing Director of GGICO.

Axis Residence second phase towers boast the same high level amenities investors and home owners have come to expect from GGICO. All of the towers provide tenants with modern and well appointed interiors with spacious balconies and terraces maximising the various views on offer. In addition, buyers can expect a great leisure package including pools, health clubs, male and female gyms, and open air relaxation areas. Safety has been given high priority with every apartment equipped with leading safety features including a security system, fire safety and alarm system, smoke detection system and child-proof electrical switches. Finally, an intercom between all apartments makes the entire property well connected, and MAT TV and satellite infrastructure provide every apartment with world-class entertainment.

GGICO will once again be offering a tailor-made market leading 7.5 year payment plan; an initial booking deposit of 5% of the value of the unit as the first Installment, followed by a further 5% of the value payable within 3 months of booking installment. The remaining 90% is payable in equal 1% installments from October 2008, over 90 months.

'The initial payment plan with the first phase of the project proved to be very successful and an excellent draw for investors in this competitive market. With this second phase we believe GGICO has once again raised the bar with a tailor made plan to facilitate investors - we expect this to take the market by storm!,' commented Peter Penhall, Chief Executive of Gowealthy.com.

Dubai Commercial Space Leasing costs will rise by 60% in 2008

2008-04-01T04:49:00.000-07:00

The advent of freehold property market has made a very positive impact on Dubai’s commercial and economic growth. This has resulted in Dubai emerging as Asia’s top investment hub. Dubai is currently the primary choice for expanding international companies and businesses. The influx has created a sudden demand for commercial space.Leasing charges for Dubai are the highest in the Sheikh Zayed Road area (approx. US$ 1055 per square metre), a prime business district, followed by Deira (approx. US$ 825 per square metre). The afore-mentioned figures have been compiled after analysing statistics from owners and tenants. Upon comparing the present rates with the leasing/rental expenditure in 2007, we predict an increase of more than 60% in the charges, for any newly leased out commercial space in the emirate in 2008-09.

Gulf Projects touch 2 trillon Dollar - Meed

2008-03-30T04:30:00.000-07:00

The MEED Projects index estimated that Gulf has reached a staggering $2 trillion worth of projects. The UAE remains the biggest projects market in the Gulf, accounting for 37% of the total project value. It has also registered the highest growth, with total project values in the federation rising by 46% over the past 12 months. Kuwait has the highest proportion of unawarded contracts, representing over 90% of all projects planned.

Only a quarter of all projects tracked by MEED Projects are actually construction implying that there is another 3-5 years of further intensive construction activity to come.

There have been a series of major real estate projects announced in recent months, reinforcing the sector's dominance of the projects market and pushing the overall value beyond $2 trillion. Major new real estate projects include; Sudair Industrial City in Saudi Arabia at $40bn, Masdar City, Abu Dhabi - $22bn, Dilmunia mixed use development in Bahrain worth $4.2bn and Limitless’ Al-Wasl development in Riyadh at $12bn.

MEED Projects current value of investment in the Gulf by sector:

Construction = $1,207 billion
Industry = $70 billion
Oil & Gas = $430 billion
Petrochemicals = $135 billion
Power = $134 billion
Water & Waste = $40 billion

Al Quoz Fire Smoke across Dubai for at least two more days

2008-03-27T04:27:00.000-07:00

The site of the Al Quoz fire will continue to billow smoke across Dubai for at least two more days, the Civil Defence has warned.

The fire which was sparked by a massive explosion at an illegal fireworks warehouse on Wednesday was finally extinguished at 8.00pm, 13 hours after it began.

Colonel Ahmad Al Sayegh of the Dubai Civil Defence, said firefighters would need to douse the still smoking ruins until at least Saturday.He denied reports that attempts to control the fire in its early stages had been hampered by reinforcements being delayed by congestion on Dubai roads.

“For fire like this with such flammable materials, we could not have sent our people in straight away. We had to put their safety first and wait until we knew it was safe for them to go in and begin to cool the fire.”

Meanwhile police have arrested the owner of the illegal fireworks warehouse, according to state news agency Wam.

Dubai Police's Criminal Investigations Department said they had interviewed the owner of the warehouse for storing fireworks illegally.

Explosion rocks Dubai -2 Dead

2008-03-26T06:08:00.000-07:00

MASSIVE EXPLOSION: As many as 20 of the 83 buildings in Al Quoz industrial area were ablaze following the massive explosion. (Kamelia Dimitrova)

A massive explosion at an illegal fireworks warehouse in the Al Quoz industrial area of Dubai early Wednesday morning has sparked a huge fire, with black smoke stretching for miles across the city.

Over 20 of the 83 buildings in the area were engulfed in flames, but the blaze has now been bought under control, police said.

Dubai police said at 4:00 pm the blaze was still burning, but they expected the fire would be fully extinguished by the end of the day.

The President Bush Middle East Trip: An Opportunity to Promote Security, Freedom, and Peace

2008-01-22T02:19:00.000-08:00

The President's Middle East Trip: An Opportunity to Promote Security, Freedom, and Peace: "The President's Middle East Trip: An Opportunity to Promote Security, Freedom, and Peace
by James Phillips
President George W. Bush arrives in Israel today to begin an eight-day trip through the Middle East, a volatile region roiled by persistent Arab-Israeli tensions, the war in Iraq, the rise of Iran, and continued instability in Lebanon. President Bush will weigh in on all these issues and highlight his own freedom agenda for the Middle East in a series of private meetings and public appearances in Israel, the West Bank, Kuwait, Bahrain, the United Arab Emirates, Saudi Arabia, and Egypt. The President should remind Middle Eastern leaders about the common challenge they face from Islamic extremists--many of whom receive extensive support from Iran--and that such extremists threaten progress toward greater freedom in the Middle East. He should give reassurances that they can count on the U.S. as a reliable ally and press them for greater cooperation to contain Iran and combat the Islamic radicals whom Iran exploits to destabilize Iraq, Lebanon, the Palestinian territories, Afghanistan, and other countries in the region."

Bush Vist Dubai

2008-01-16T05:27:00.000-08:00

US President George W Bush flew into the booming Gulf city state of Dubai on Monday on the latest leg of his Middle East tour.

He flew in to Dubai from the UAE capital Abu Dhabi, and was received at the airport by Dubai ruler Sheikh Mohammad bin Rashed al-Maktoum, who is also UAE prime minister and vice president.

Scores of US and international companies operate in Dubai, which has gained world fame for its frenetic growth and extravagant projects ranging from the world's tallest skyscraper to a world-shaped cluster of man-made islands.

UAE will remain an international business hub, says Mohammed bin Rashid

2008-01-08T04:25:00.000-08:00

The UAE, in particular Dubai, will remain an international financial and business hub, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said yesterday as he inaugurated Noor Islamic Bank, the country's sixth Sharia-compliant bank. Joined by a phalanx of high-ranking officials and businessmen, Sheikh Mohammad opened a branch of Noor Bank on Sheikh Zayed Road.
The branch is one of the 10 that the bank has opened across the UAE, including six in Dubai, one in Abu Dhabi, one in Al Ain and two in Sharjah. Accompanied by Noor Bank's chief executive officer Hussain Al Qamzi, the vice-president toured the bank's various sections and acquainted himself with the bank's services and facilities.
Government-owned Dubai Holding's financial business division Dubai Group has a 25 per cent stake in Noor and so does Investment Corporation of Dubai, another state investment holding company whose interests include Emirates airline, Dubai Aluminium and a host of other businesses.

Dubai Property Market shows upward trend – Axis Residence sold out in Record Time

2007-12-06T02:01:00.000-08:00

From 2002 to 2005 the supply of residential buildings in Dubai increased by more than 42%, rising from approximately 56,000 to 79,000 buildings. The demands for investment property and residential space connected to population growth have ensured that the amount of available units has risen by a remarkable 61% during the same period placing the total estimated supply at 234,930 units by end of 2005.

Demands for housing units continue to grow, with an estimated 100,000 people moving to Dubai every year. When available space is modeled against population growth, it becomes clear that since the year 2000 a reported minimum of 6% of yearly demand for single-family units has been left unsatisfied, creating

a market with high latent demand. Estimates of the total number of residential apartments and villas planned for completion before 2010 are between 170,000 – 240,000 units, with close to 110,000 apartments and 16,500 villa units now confirmed as under development

The historic performance of property prices suggests dramatic rewards for those investment buyers who entered the market early. A property index of key residential developments shows residential property prices to have close to tripled between 2002 and end 2006, with the prices of two-bedroom and three-bedroom villas increasing from an average of AED 474,000 and AED 705,000 to AED 1,360,450 and AED 2,110,000 respectively. Over the past four years individual villa prices have increased by as much as 226%, with the average price per sq. ft. rising from AED 331 in 2002 to AED 764 in 2006.Apartment prices show similar levels of inflation with studios and three-bedroom units rising from averages of AED 194,000 and AED 1,475000 in 2002 to AED 554,000 and AED 2,410,000 by the end of 2006. This suggests that over the past four years the cost of apartment units has increased by almost 100%, with the average price per sq. ft. rising from AED 533 to AED 949.

GCC states confirm 2010 target date to launch single currency - News, analysis, reports

2007-12-05T05:24:00.000-08:00

Business Intelligence Middle East - bi-me.com - GCC states confirm 2010 target date to launch single currency - News, analysis, reports: "GCC states confirm 2010 target date to launch single currency Author: Moussa Ahmad Source: BI-ME and media reports Published: 04 December 2007 RSS Feeds | QATAR. The communique issued at the end of the summit said the six-nation Gulf Cooperation Council (GCC) remained committed to a 2010 target date for monetary union, although analysts regard this as very difficult to achieve. '

"The leaders have decided to continue to work towards achieving the monetary union... and confirmed keeping the date of 2010," Abdulrahman al-Attiyah told reporters.

"They have tasked the finance ministers and governors of central banks to continue working to reach convergence, and to present the results to the next summit which will be held in Oman," he added.

Analysts believe the decision was taken during the preparatory ministerial meetings of Finance Ministers Sunday, ahead of the summit at the insistence of Saudi Arabia.

Oman has pulled out of the single currency project, saying that it will not be ready to join. The UAE has openly said that the 2010 launch is not possible because of technical, legislative and fiscal hurdles.

Kuwait in May dropped the dollar peg in favour of a basket of currencies to ward off imported inflation.

"Although it is possible to have a two speed monetary union, with at least two or three core members joining first, followed by the others at a later stage, it is difficult to see now (post Qatar summit) who the first adopters would be. By definition to achieve monetary union you need at least two members" said an analyst in Dubai

All the GCC countries apart from Kuwait continue to peg their currencies to the dollar.

Axis Residences, Dubai -launched with attractive payment plan

2007-11-26T05:52:00.000-08:00

Gowealthy.com,the region’s global property and lifestyle brand offering comprehensive marketing solutions for property developers, investors and retailers, has announced the launch of the Dh295 million plus 'Axis Residences' at the Dubai Silicon Oasis by developer Gulf General Investment Company (GGICO). Due for completion in the fourth quarter 2008, the team behind the development and building of Axis Residence, Gulf General Investment Company (GGICO) has proven track record with highly successful master developments including Horizon Towers and Emirates Crown in Dubai Marina and Olympic Park in Dubai Sports City.

“GGICO is a 34 year old company and is a widely diversified group with 25 subsidiaries andaffiliates and as a company we choose our partners very carefully to ensure that overall vision is complementary to our own. Gowealthy.com had the perfect balance between sales prowess and marketing savvy which we felt offered a perfect solution to enable us to realize one of our goals of establishinganother successful development,” commented Mohamed Abdallah Juma Al Sari, Managing Director of GGICO. Totaling 286,827 square metres of floorspace and comprising of seven floors of apartments and basement parking, 'Axis Residence' provides tenants with modern and flexible interiors with spacious balconies and terraces that open onto landscaped courtyards and expansive greens.

In addition to and enhancing the intrinsic aspects of the development, Gowealthy.com will be offering a tailor-made payment plan which will consist of an initial booking deposit of 10% of the value of the unit with the first Installment, again 10% of the value payable within 6 months of booking installment. On handover, the parking bay and some balance payments will need to be met with a post handover plan of 72 monthly payments of Dh9,999. “With the residential property landscape becoming more competitive every day, it was important to design a payment plan for GGICO that would act as an incentive for investors while at the same time being attractive to those looking for a residential complex to move in to,” commented Peter Penhall, Chief Executive Officer of Gowealthy.com.

HH Sheikh Mohammed Doubles Dubai Cares Donations to AED 3.4 billion

2007-11-25T22:14:00.000-08:00

- His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today pledged a personal contribution of AED1.7 billion, equivalent to the funds raised by Dubai Cares, bringing its total to AED3.4 billion (about US$1 billion).

H.H Sheikh Mohammed urged the United Nations to follow Dubai's model of charity work in its aim to achieve its Millennium Development Goals of providing universal primary education by 2015.

At a ceremony organized today at the Madinat Jumeirah to mark the successful conclusion of the charity drive, His Highness Sheikh Mohammed addressed campaign organizers and volunteers, students, business people and members of various cultural and religious communities.

Highlighting the phenomenal success of the 8-week Dubai Cares campaign, he acknowledged the remarkable spirit of compassion displayed by individuals, communities, government departments and corporations in Dubai.

His Highness Sheikh Mohammed said the success of Dubai Cares underlines the priority that each contributor places on education as an essential prerequisite to help people become self-reliant and empower them to help themselves, their families and communities.

His Highness Sheikh Mohammed said this humanitarian achievement reflects the depth of our spirit of giving and demonstrates the genuine desire of donors to help their brothers and sisters, regardless of religion, colour or creed.

“It is now our priority to ensure these funds are allocated in an efficient and appropriate manner. I have directed officials to manage the money and channel our contributions to educate millions of children around the world.”

His Highness Sheikh Mohammed added: “This achievement also illustrates that a large number of companies and business people in Dubai are highly conscious of their social responsibility, and are constantly looking for ways to give back to the society that has given them the success they now enjoy.”

Sharing the outstanding gesture of a young Emarati couple, Yousuf Yaqoub and his bride, who donated their wedding party expenses of AED150, 000 to the Dubai Cares initiative, HH Sheikh Mohammed said: “This couple has made me feel proud and I am confident their values represent the spirit of a large number of the Emarati youth.”

Applauding the overwhelming spirit of communal bonding, he pointed out: “One of the most important results of the campaign is the revival, in Dubai, of the spirit of voluntary work. More specifically, the campaign torch has been carried forward on the enthusiastic shoulders of thousands of girls, boys and students who volunteered their time and effort to make Dubai Cares a success.”

His Highness Sheikh Mohammed announced he has directed Dubai Cares officials to prioritise voluntary work as the primary agenda of next year’s campaign. He said: “We now need to put in place a mechanism for volunteers. We need to create an organized body to focus on projects that can generate sustainable resources to create a positive impact on the ground.”

Based on a long-term strategy of investing in community-based, education programmes, Dubai Cares will use the donations to build and renovate schools, train teachers, provide teaching materials, sport and recreation equipment, offer scholarships, organize school feeding programmers and encourage physical education in some of the poorest countries in the world

The Dubai Cares campaign was launched by His Highness Sheikh Mohammed to channel Dubai’s philanthropic efforts towards education in poor countries around the world. The campaign is Dubai’s contribution to a global drive to help countries achieve their U.N. Millennium Development Goals of providing primary education to every child by 2015. It is founded on the belief that education is the best long-term solution to poverty and an effective engine for national development.

Rufi Downtown Residency - Dubai

2007-11-25T00:58:00.000-08:00

Rufi Downtown Residency - Overview - Dubai :: Gowealthy.com: "Rufi Downtown Residency – Unbelievable prices & payment plan! As real estate in Dubai grows dearer day by day, have you ever despaired of finding affordable residential space in the city of lights? Spacious & comfortable, yet economical, the freehold studios, 1, 2, 3 bedroom apartments & duplexes at Rufi Downtown Residency in Downtown Jebel Ali, Dubai appeal to discerning investors like you! Laid out on 200 hectares between Jebel Ali Free Zone, Dubai Waterfront and Techno Park, Downtown Jebel Ali is a mixed use community with 326 buildings including 237 residential."

Spanish twin villas - Overview - Dubai :: Gowealthy.com

2007-11-18T23:57:00.000-08:00

Spanish twin villas - Overview - Dubai :: Gowealthy.com: "Ideally located in Dubai Industrial City, Spanish twin villas transport you to the twin worlds of serenity and sophistication. Imbued with the aesthetic charm & sultriness of Spain, Spanish twin villas present a peaceful retreat in busy Dubai. In fact, these are the first Spanish style villas to be built in Dubai Industrial City. Planned on 560 million square feet of prime land, Dubai Industrial City is home to a multitude of local & international enterprises. An enchanting way of life awaits the inhabitants of this development. Surrounded by a network of roads, waterways & lush greenery, Spanish twin villas are well-connected to all the significant points in Dubai."

DLF Riverside - Overview - Kochi, India :: Gowealthy.com

2007-11-14T02:20:00.000-08:00

DLF Riverside - Overview - Kochi, India :: Gowealthy.com: "DLF Riverside is laid out on a 5-acre plot by the side of Chilavannoor River at Vytilla, Kochi. Its unique waterfront location allows incumbents to go on river cruises from the onsite boat jetty. This premium condominium is situated close to Kochi’s prestigious schools and super specialty hospitals. Why invest in DLF Riverside? Kochi is home to the twin IT hubs of Info Park & Smart City, in addition to Kinfra Park and Cochin Export Processing Zone. Given its rising prominence as a technological and business centre, Kochi is the 2nd most attractive destination in India to invest in Information Technology. Currently riding a real estate boom, the city is witnessing a massive demand for quality housing. As a result, the annual appreciation on exclusive properties within Kochi is at an all-time and this trend is bound to continue."

Gowealthy.com honoured regions Best Property Portal at CNBC Arabian Property Awards 2007

2007-10-25T02:24:00.000-07:00

Gowealthy.com has won the coveted 5-Star Property Award for the region’s Best Property Portal at the CNBC Arabian Property Awards 2007 in association with Al Qudra Holding at a glittering gala dinner at the Madinat Jumeirah hotel in Dubai. The award was also followed by another 4-Star Award for the Best Real Estate Agency Marketing for their successful ‘Top Prop’ sales & marketing product.

“Last years award was a testament to the quality of our services within the highly competitive Arabian property arena. This year’s award solidifies the fact that Gowealthy.com has been working diligently on continuously raising the bar in terms of quality and services. Having been given this high recommendation two years running is a true mark of distinction for our public who are becoming increasingly well informed and judicious about the properties they seek to buy,” commented Peter Penhall, Chief Executive at Gowealthy.com.

CNBC Arabian Property Awards are sponsored by CNBC Arabia, the Arab World's first and sole 24-hour Arabic language financial and business information channel. The aim of these awards is to distinguish the highest levels of achievement in a range of property related fields to attract foreign investment in the Arabian property industry.

Gowealthy.com is already working towards further accolades for 2008 as they work meticulously on a complete backend overhaul for the website. The revamped web portal will offer not only more services to their trade partners, but will ensure investors have an even broader range of choice to suit every permutation adding to their existing, highly focused products.

Gowealthy.com currently offers a wide choice of properties from over 100 developers in Dubai to a million visitors who log in every month. In addition, they also feature a range of innovative e-marketing and specialized solutions to property developers, investors and retailers.

The success of the 5-Star Property award means that once again, Gowealthy.com fulfils a prerequisite into the International Property Awards, where Gowealthy.com was bestowed with the 5-Star Award for the Best International Property Portal in 2006.

“We now go in to the 2007 International Property Awards with high expectations. International recognition once again this year would mean that Gowealthy.com goes into 2008 with an even better foundation to serve our public with the best possible online and offline real estate solutions available in the market,” added Penhall.

Gowealthy honoured for real estate marketing excellence at CNBC Arabian Property Awards

2007-10-25T01:48:00.000-07:00

First Gowealthy Real Estate Brokers has added the CNBC Arabian Property Awards 2007 4 Star ‘Best Real Estate Agency Marketing Award’ for its ‘Top Prop of the Week’ concept to its ever growing list of accolades. The award was presented at the recent CNBC Arabian Property Awards 2007 in association with Al Qudra Holding at a glittering gala dinner at the Madinat Jumeirah in Dubai. Gowealthy.com also picked up a 5-Star Property Award for the region’s CNBC ‘Best Property Portal’.

Focusing on marketing attributes and service achievements, Top Prop of the Week was recognized as an innovative marketing concept from Gowealthy that provided its property developer partners with a unique model to ensure sales. Based on performance-led parameters, the multi-media sales & marketing tool offers a solid premise by promoting a specific project each week using different forms of popular local and international media including print, online and radio.

“As an integral part of Gowealthy.com, First Gowealthy Real Estate Brokers continually strives to provide the most innovative and relevant marketing solutions. Receiving this award is a tribute to the teams’ commitment and performance in such a highly competitive market,” commented Peter Penhall, Chief Executive at Gowealthy.com.

RAK Free Trade Zone, UAE

2007-10-10T00:30:00.001-07:00

Possessing a visionary ruling regime, the emirate of Ras Al Khaimah in the United Arab Emirates has witnessed some radical changes in recent times. This northernmost province, with its politically safe & tax-free climes, and cheaper cost of living is one of the fastest growing regions in the Middle East.

Indeed, Ras Al Khaimah is home to the first port upon entering the Gulf; yet most of its recent successes could be ascribed to its sprawling free zone.

Strategically located with access to over 1.2 billion consumers, the Ras Al Khaimah Free Trade Zone (RAK FTZ) is easily one of the more modern trading hubs in the region. The stupendous success of RAK FTZ could be attributed to its open door economic policy to gain investor confidence and encourage capital investment. And confidence in the zone has grown exponentially; it is clearly manifested in the number of firms that have chosen to set up operations in RAK FTZ.

The Ras Al Khaimah Free Trade Zone Authority (RAK FTZA) has revolutionized the way free trade zones function in the UAE. By segregating business activities according to function, operational requirements, and the needs of the surrounding communities, the administrative body has created a close-knit system of 3 Free Zone Parks to suit and serve every investor.

RAK FTZ – Privileges & benefits

100% foreign ownership

100% income/corporate tax exemption

100% Capital & Profit repatriation

Long term renewable lease

Transparent laws & regulations

Simple & fast application procedures

State of the art communication/sea port/air port facilities

Abundant energy supply

Marketing support services

How to secure an RAK FTZ license?

Prepare & present a project report on your business and contact the head office of RAK FTZ.

Complete & submit the RAK FTZ Application Form (For an Industrial License, a Detailed Application Form will have to be completed and prior to approval environmental clearance will be required).

Documentation is reviewed, approval granted and license issued.

RAK FTZ - Techno & Business Parks

Industrial Park

Approximately 15 kilometers north of Ras Al Khaimah and very close to Saqr Port, the Industrial Park is surrounded by a protected strip of mangrove trees providing an ecologically friendly environment in which to operate.

Plot sizes are provided to suit individual client requirements and are fully serviced with water, electricity and telecommunications. On-site employee accommodation is available. There is an administrative and service support centre located within the Park.

The Technology Park

The 71-hectare Technology Park is located in a rapidly expanding area devoted to automated manufacturing and capital intensive quality lifestyle projects. Lying south of Ras Al Kahimah, this zone offers easy access to the city centre, RAK International Airport and Saqr Port, and to Dubai by road. A premier 5-star hotel is situated just across the highway, with a lagoon and a golf course under development.

The Business Park

Centrally located between the Industrial & Technology Parks, the Business Park is the vibrant core of the business district. The World Trade & Business Innovation Centre is ideally located within Ras Al Khaimah Free Trade Zone, next to it.

Offices are equipped with state of the art communication links and the Free Zone Authority provides all utilities and cleaning services. Added advantages are the RAK Exhibition Centre, a five star hotel and a premier shopping and entertainment complex.