Premier property portal, Gowealthy.com announces brand spin off, expansion into global markets

The announcement comes in the wake of the portal bagging the prestigious "Best International Property Portal Award 2006' at International Property Awards 2006 in London recently. Earlier, Gowealthy.com had also won a five star rating as the "Best Property Portal" at the CNBC Arabian Property Awards 2006 in Dubai.

The portal which is acclaimed in providing comprehensive realty solutions and investment services is now one of the most referred real estate property portal across the world attracting over 20,000 visitors a day according to www.alexa.com, a search powered by Google which provides directory listings by rating, popularity etc.

Commenting on the portal's expansion plans and the award, Mr. Peter Penhall, the Chief Executive of Gowealthy.com, said: "We are a full-service property consultancy growing at a rapid pace and our expansion has been driven by the imperative need to be in parity with the boom in the realty market in Dubai and the region - we see demand remaining strong for the foreseeable future. Both the `Best International property Portal Award 2006' and the `Best property Portal' award at the CNBC Arabian Propety Awards 2006 have come as a timely morale booster and encouragement to us in our continual pursuit to expand our reach across the regional and global property markets."

Mr. Penhall said that the creation of two dedicated sub-brands within Gowealthy.com was aimed at attracting more investments into Dubai and the region's realty market. "Gowealthy Capital will be positioned as additional support to our investor clients primarily focused on bulk investments into the real estate market, while Gowealthy Commercial will be exclusively dedicated to marketing commercial space, and a selection within the retail segment in Dubai and the region."

Gowealthy.com has also charted out aggressive expansion plans, particularly in the European markets, in line with the increasing interest in Dubai's property. "High rental or income yields in the range of 9-15 per cent from Dubai's property market continues to attract strong investor interest from across the globe, particularly from the UK, which accounts for some 60 per cent of the buyers. Our global expansion across the European market will span the UK, Germany, Scotland and various other international markets".

According to a study conducted by the portal, the UK remains dominant with regard to investments in Dubai. The inflow of investment from Ireland into Dubai is also picking up pace, stimulated by their national carrier having initiated regular direct flights between the two countries. The Russian Eastern Bloc has also shown strong affinity to Dubai's realty market, including countries like Kazakhstan and Uzbekistan. In addition, India and Pakistan will always continue to be significant factors in this value chain.

"We believe that there are tremendous opportunities to develop further interest from Dubai's ever expanding property market. Dubai's property pricing is not excessively high in international terms and offers very good value, boosted further by its status as a tax free nation.," Mr. Penhall said.

"The business segment of Gowealthy.com spans sales, investor relations, project and facilities management. Ever since our inception, we have been able to make significant inroads into the global property markets as a premium property portal and we are aiming at increasing our visitor rate to one million a month," Mr. Penhall added.