Emaar homes to attract investors at Home Owner Dubai 2005

Among the featured developments at the three-day conference and exhibition aimed at the real estate, home buying and property services industry will be Marina Quays, The Old Town and Spanish styled homes at The Arabian Ranches

That the Dubai property sector boomed last year nobody would deny. Most new developments are now sold-out. Some of those who have not yet bought property hope that things will cool off. But all the evidence suggests to the contrary, indeed the Dubai property market may have only just started to take off as the supply of property is now clearly below demand. Developers like Emaar, who handed over more than 8,000 homes to its owners last year, cannot release property fast enough. This creates a situation where prices can only head in one direction: upwards.

There is little likelihood of the demand for Dubai property slowing down this year. Local, regional and global interest in buying Dubai property is getting stronger. There are new waves of local buyers who have been hanging back and are now frightened of missing out. There are buyers from neighbouring GCC countries looking to invest in a safe, secure country. And global property money in search of good value is discovering Dubai.

The UAE's political and economic stability, combined with a tax-free environment and the high rate of return on investment has substantially aided the property market.

Naaman Atallah, Director of Sales, Emaar Properties, said: Investors and homeowners have made Emaar Properties their favourite developer. Last year, we handed over 8,000 homes to its owners. This is simply because investors in homes typically have more control over the nature, timing and size of real estate investments. This is partly because they are tangible and easier to understand, and diversification is readily available in the form of different types of property. Rental income from property is a stable source of income, and while it might fluctuate, is highly unlikely to vanish altogether. Compare that to interest on deposit accounts or dividends on shares

"Emaar, with its mega world-class projects, has shaped the UAE's real estate industry, and boosted Dubai's dynamic tourism and economic growth. Our diverse projects-portfolio has attracted thousands of visitors to our masterplanned communities and we will continue to extend our real estate offerings to investors during Homeowner Dubai l

Visitors to the Emaar pavilion can view the waterfront lifestyle on offer at Marina Quays at the Dubai Marina, acknowledged as the Middle East's answer to the exclusive French Riviera.

Also exhibited will be the Old Town, the region's first traditionally designed pedestrianised community enjoying a high profile address in Emaar's prestigious Burj Dubai District and offering spectacular views of the world's tallest tower and The Dubai Mall.

Golfing enthusiasts can look forward to a special display of Spanish-styled villas at the Arabian Ranches, Emaar's golfing themed residential development featuring The Desert Course designed by Peter-Baker Finch in association with Nicklaus Design.

"Every visitor to the Emaar pavilion, be it a holidaymaker, potential investor or homeowner, will be spoilt for choice with our range of real estate offerings. Our developments have been well received by the investor community. Each offers a distinctive lifestyle experience, be it waterfront, golfing or traditional, thereby catering to the diverse needs of the investors," continued Atallah.