Elysian Real Estate is launching another luxurious development project “Rio Hills” at Westin Hotel, Dubai on this Saturday. This is another great achievement for the Elysian group of companies. This luxurious real estate development is situated on the grounds of Rio De Janeiro, Brazil, offering great opportunities of investment for investors from all over the world.  

According to Obelisk International, the Brazilian property market is performing well and looks set to continue its expansion.

The firm cited comments from Gary Garrabrant, chief executive officer of Equity International, who told the Bloomberg Link Brazil Conference that there are "growth opportunities driven by fundamental demand in Brazilian real estate sectors".

"Cityscape has become a benchmark event for the real estate market and we feel that our presence there represents our commitment to local investors to continually offer the best real estate investment opportunities in the world," commented Elysian Group Chairman Masood Naseeb. "It's a great opportunity for us to showcase our new developments and illustrate to the end users and investors visiting the show the kind of returns you can get on your investment by investing in the right projects," Naseeb added.

The doors will open at 10 AM sharp for the investors and will continue till 6 PM. So, if you are really looking for a great investment opportunity then this event is for you.

“Brazil is the best place to put your money online for next ten years"-- Financial Times.

 

Damac Properties has offered the option of cash refund to investors of Palm Springs project in Palm Jebel Ali. 

The investors in the project have revealed that Damac has offered them the options of either 70percent cash refund within two weeks or 100percent refund with 25 percent within two weeks, and the rest paid at duration of three years, with 25 percent payment each year. 

The Senior Vice President – Corporate Communication, Damac Properties, Niall McLoughlin, revealed that Damac is committed towards working on the Palm Springs in bringing about a closure to this long-pending issue.

Palm Springs was planned to be a 25-storey beachfront development on Palm Jebel Ali. Damac had tried to cancel the project in 2008, but agreed to reinstate due to protestation by investors. 

According to RERA’s report last year, the works on this project are yet to begin, and the project plot has not been handed over to the developer. The RERA statement said that the developer is in the process of amalgamating the two plots, and get the new affection plan. 

In the month of May this year, RERA cancelled nearly 218 projects. UAE witnessed completion of 129 projects since 2009, and 237 out of 450 projects are likely to be ready any time soon.

The Dubai Metro station is gaining prominence and is more of a priority for tenants now, commanding 10 to 20 percent more rentals, said the latest report by Asteco, leading real estate services Company in UAE.

With growing numbers of offices and apartment buildings in Dubai, the rates for property leasing are based on a new market dynamics, the report points out. 

According to Asteco CEO, Elaine Jones, the rental disparity is more pronounced now, than ever before, with Dubai Metro adding new dynamics to the market.

There have already been sufficient evidences from international markets about a constant growth in values for markets located adjacent to stations with metro lines. For instance, HotProperty.co.uk reported that homes in Central London, locate within five minutes of walking distance of a tube station, are nearly 21percent more expensive than those of similar properties further away. However, the prices do not grow until the stations are officially operational. 

In Dubai, leasing prices for a double bedroom apartment locates within walking distance from Mall of Emirates Metro Station is between Dh.60,000 to Dh.65,000 per annum, in comparison to the value of Dh.50,000 to Dh.55,000 for properties situated a few kilometres away from the station. 

Similar trend is seen in the case of more upmarket properties with double bedroom apartments near Emirates Towers Metro Stations and DIFC costing anywhere between Dh.110,000 to Dh.130,000 per annum, while properties further away costs Dh.90,000 to Dh.100,000 a year. 

A property in Deira will now draw an annual rental of Dh.50,000, while similar property away can be leased for Dh.40,000. This indicates market maturity, Jones said.

The Dubai Metro Green Line will be unveiled on 9th September, and it will have an additional 18 stations, stretching 23kilometers, covering some of the busiest tourist segments along the creek, including business districts, residential areas and ministry offices. 

In general, real estate prices are not solely dependent on its geographical location anymore. All properties in Deira or Bur Dubai with immediate access to a metro station can attract similar rates as that of a property in Jumeirah Lake Tower or Business Bay without a metro access, the report pointed out.

by Exclusive Dubai 

Investors looking for a real estate market brimming with opportunities may want to turn their attention to Brazil, one firm has suggested.

According to Obelisk International, the Brazilian property market is performing well and looks set to continue its expansion.

The firm cited comments from Gary Garrabrant, chief executive officer of Equity International, who told the Bloomberg Link Brazil Conference that there are "growth opportunities driven by fundamental demand in Brazilian real estate sectors".

Earlier this month, Obelisk International released data suggesting that investors are looking outside of the three major cities - Rio de Janeiro, Sao Paulo and Minas Gerais - to other parts of the country.

The north-eastern regions are proving particularly popular, the firm noted, because the economy in the main urban hubs here has grown three times faster than it has in Sao Paulo.

In addition, an increasing number of Brazilians are entering the property market as the nation's prosperity filters down to its residents, the organisation added.

Reference: http://www.propertyshowrooms.com 

The Ferrari World Theme Park has recently opened its doors in Abu Dhabi. Home to the worlds fastest rollercoaster (Formula Rossa) as well as many other state of the art facilities which are all first of its kind in the UAE. The attraction has already had great results, with many people turning up every day to live unique experiences on state of the art simulators and thrilling rides. This is a must see as well as a must live experience.

10 new elysian branded cars to hit the roads by December 1st 2010. As a result of elysian’s successes over the last few years, elysian has now added a brand new fleet or cars to their operation. From Dec 1st onwards the roads of Abu Dhabi will see the elysian branded cars on the streets taking clients to property viewings and once again extending the level of service to their clients which go beyond any other real estate company.

The Queen arrives in Abu Dhabi today to meet with Sheikh Khalifa signalling stronger ties between Britain and the UAE. This is a great sign for both Britain as well as the UAE and re confirms the strategic growth of the region and greater investments. The first 9 months of 2010 seen trade between the UAE and Britain rise more than 15% to Dh 22 billion, boosting plans significantly to strengthen business links between the 2 countries by 2015. Oil exports from the UAE to the UK rose by 36% in the first 9 months of 2010 and is expected to rise year on year over the foreseeable future.

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.