elysian Group - a group of companies headquartered in Dubai in the United Arab Emirates (UAE) which provide property and finance-related services - has confirmed encouraging results since introducing new international properties into the company’s property portfolio.

The group, which has traditionally specialised in the UAE property market, decided to expand into other property markets around the world in response to increasing client demand for geographical diversification. The decision to branch out into new global markets was also influenced by the decline in investment potential in the UAE late last year and to cover losses suffered in the UAE at the time and the declining value of the United States dollar.

The revenue generated by the elysian Group’s portfolio of properties outside the UAE now makes up 25% of the company’s income. The group is now receiving more property enquiries than ever before and has found the Brazilian property market to be the most popular location among potential investors.

"We strive to identify new markets around the globe on an ongoing basis so that our clients may benefit from the world’s emerging property hotspots," explains Mr. Masood Naseeb, the CEO of the elysian Group.

"We’ve found that Brazil is by far the most popular destination among property investors at the moment, and after careful research and due diligence, we’ve hand-picked what we believe to be one of the best investment opportunities in Brazil - the five star Lago Doce Beach Resort in Ceara which has been conceived with the holiday home, retirement and permanent home markets in mind.

"The Lago Doce Beach Resort is the first self-contained luxury resort of its kind in this area of Brazil’s north east coastline. It is ideally positioned to take advantage of the Brazilian property market, which is certain to grow in demand, not least due to the estimation by Reuters that 27 million new homes will be required in Brazil over the forthcoming years. This is largely due to the fact that financing has just become available, which means that millions more Brazilians can afford to buy property. Couple this with low unemployment levels and huge economic growth, and it becomes clear that this is one project which cannot be omitted from a healthy property investment portfolio."

As part of the company’s business growth strategy, the elysian Group now also includes commercial properties within its property portfolio and has set up a commercial department – developments which have accounted for a 10% increase in revenue. The group has also built upon the financial services which it offers to clients, including currency exchange services and overseas mortgages. Furthermore, the company has established a partnership with a leading provider of interior services – Indigo, and set up a department to handle marketing activities for property developers.

"As a result of our expansion, company profits are up, we have 30% more staff, new offices and further market opportunities available, including a property fund which is to be launched shortly to take advantage of great property prices," adds Mr. Naseeb.

"We’ve also been marketing to an international audience which has allowed us to generate enquiries from people who would previously never have contacted us. We remain in the top three real estate in Dubai companies and have substantially strengthened our position this year. We have just launched ‘elysian News’ so that people can stay up to date with the market we cover and have just registered our 120,000 the newsletter registrant. It’s obvious that there’s still huge interest in the world’s property markets and we’re here to help investors track down the best deals."

Masood Naseeb moved to Dubai after completing a BA (Honours) in Business and Economics and Business Administration at Canada’s prestigious University of Windsor in Ontario. He has a solid experience in international business and has held a directorship with a leading international company which has won over 29 American government contracts since Masood Naseeb joined the business.

Masood Naseeb moved into real estate after identifying a niche market, and is an investor himself, with a considerable property portfolio including villas throughout the Palm Jumeirah, and international property as far away as Brazil.

Within the space of less than three years, the elysian Group had already become the third largest real estate company in Dubai and the United Arab Emirates. Today Masood Naseeb’s goal is to turn the elysian Group into the most successful property business in the world based on investor returns and real estate transactions.

For those interested in finding out more, elysian Group have released a new interactive website where property buyers and investors can identify international, local, Dubai Property and Abu Dhabi property. For more information, visit http://www.elysian-group.com/

Last updated: 12 October 2009

Copyright © PropertyIndex.com Limited 2009. All rights reserved.


Images:

View over Lago Doce, the lake at the rear of the Lago Doce Beach Resort

Prism style residence at the Lago Doce Beach Resort

Grand Contemporary style residence at the Lago Doce Beach Resort

Grand Deco style residence at the Lago Doce Beach Resort

 

Two-storey villas at the Lago Doce Beach Resort

 

The economic concerns come as the world’s biggest man-made island, which is created in the shape of a date palm, prepares to throw a $20m extravaganza for today’s launch of the £1bn Atlantis hotel on the Palm.

More than 2,000 world celebrities are due to attend the event tonight including Oprah Winfrey and actors Robert De Niro and Denzel Washington. Sol Kerzner, the South African billionnaire owner of the Atlantis is organizing the launch party.

A four-bedroom villa on the Palm, which is run by the state-owned developers Nakheel, is now selling for 10 million UAE dirhams (£1.8m), down from 15 million dirhams in September, Dubai property consultants Engel & Volkers told Reuters.

When work started on the Palm in 2001, the villas were snapped up for as much as £5m each and sold to buyers including footballer David Beckham and racing driver Michael Schumacher. In the following hype surrounding the island, nearly a quarter of the villas were sold to British buyers.

Nakheel said earlier this week it has witnessed a slowdown in the rate of real estate sales. Last month the developer announced it had scaled back dredging work on its massive Palm Deira project, the largest of three palm archipelagos that is planned to house more than 1 million people.

Meanwhile buyers are struggling to get mortgage loans in the region. Dubai Islamic mortgage lender Amlak told Reuters today it had suspended new mortgage loans as Dubai real estate sector shows further signs of stress.

Dubai-based Elysian Real Estate this week sent out a text message to up to 40,000 mobile phones advertising distressed property sales, offering a luxury six bedroom, six bathroom villa in Dubailand, a multi-billion-dollar luxury theme park.

The Palm is the flagship part of Dubai’s ambitious ‘Universe’ development. The Universe will extend Dubai’s coastline to around 625 miles (calculated by measuring the coastal circumferences of the various manmade archipelagos), around 15 times its natural 43 miles. 

DUBAI, (Reuters) - Dubai property sector suffered a series of blows this week after brokers confirmed a rise in distressed sales, a Dubai real estate guide downgraded its rating on residential property and an Islamic lender suspended new loans.

The once-booming real estate sector of the emirate is showing signs of collapsing due to the global credit crisis, as prices fall sharply and buyers struggle to get mortgage loans.

"There is a sizeable increase in the number of property owners in an urgent state to sell," Robert Macnair, sales director of Dubai-based Elysian Real Estate, told Reuters on Thursday.

"It could be they have a large payment coming up or they've seen the market dropping over the last month ... there is a real sense of urgency."

Property prices on Dubai's Palm Jumeirah island, a man-made peninsula developed by government-owned Nakheel, have fallen as much as 40 percent since September, real estate brokers said on Thursday. 

Elysian this week sent out a text message to up to 40,000 mobile phones advertising distressed property sales offering a luxury six bedroom, six bathroom villa in Dubailand, a multi-billion-dollar luxury theme park.

The villa advertised costs 21 million UAE dirhams ($5.72 million) -- half its original price -- and will be completed in 2009, the text read.

DUBAI DOWNGRADE
Global Property Guide cut its long-term investment rating on Dubai residential property on Wednesday from neutral to negative due to the drop in gross rental yields from last year.

"Gross yields are now an average of 5.5 percent, significantly down from an average of 7.5 percent a year ago ... At these levels, Dubai is less attractive than it was previously as an investment property," it said in a research note.

Global Property Guide said Dubai has "an enormous" amount of new supply and expects prices to fall over the next 2-3 years.

To compound matters, Dubai Islamic mortgage lender Amlak AMLK.DU said on Wednesday it suspended new loans. This follows moves by several banks to tighten lending conditions in August and September.

"It is very hard to get loans now. Customers are suffering," Rehab Gouda, senior sales agent at Al Jabal Real Estate told Reuters.

"Either they have pre-approval from before the crisis, or they are cash buyers."

Written by Reuters

 

The economic concerns come as the world’s biggest man-made island, which is created in the shape of a date palm, prepares to throw a $20m extravaganza for today’s launch of the £1bn Atlantis hotel on the Palm.

More than 2,000 world celebrities are due to attend the event tonight including Oprah Winfrey and actors Robert De Niro and Denzel Washington. Sol Kerzner, the South African billionnaire owner of the Atlantis is organizing the launch party.

A four-bedroom villa on the Palm, which is run by the state-owned developers Nakheel, is now selling for 10 million UAE dirhams (£1.8m), down from 15 million dirhams in September, Dubai-based property consultants Engel & Volkers told Reuters.

When work started on the Palm in 2001, the villas were snapped up for as much as £5m each and sold to buyers including footballer David Beckham and racing driver Michael Schumacher. In the following hype surrounding the island, nearly a quarter of the villas were sold to British buyers.

Nakheel said earlier this week it has witnessed a slowdown in the rate of real estate sales. Last month the developer announced it had scaled back dredging work on its massive Palm Deira project, the largest of three palm archipelagos that is planned to house more than 1 million people.

Meanwhile buyers are struggling to get mortgage loans in the region. Dubai Islamic mortgage lender Amlak told Reuters today it had suspended new mortgage loans as Dubai’s real estate sector shows further signs of stress.

Dubai-based Elysian Real Estate this week sent out a text message to up to 40,000 mobile phones advertising distressed property sales, offering a luxury six bedroom, six bathroom villa in Dubailand, a multi-billion-dollar luxury theme park.

The Palm is the flagship part of Dubai’s ambitious ‘Universe’ development. The Universe will extend Dubai’s coastline to around 625 miles (calculated by measuring the coastal circumferences of the various manmade archipelagos), around 15 times its natural 43 miles.