The Report is being published with the support of IFA Hotels & Resorts, and is the only comprehensive and independent report on the thriving property market of Dubai.
The Dubai Property Report enables homebuyers and investors to make an informed decision about property purchase in Dubai. It examines the economic drivers for the growing property market and the potential risks. The report offers property purchasers a sound insight into the legal practicalities of buying property in the emirate and explores the financial products available for home finance. It identifies the major property developments that are available to foreigners, when they will be ready and the buying process. The report also looks at property management and letting, the resale market and offers practical advice to those intending to move to Dubai.
"While the property market in Dubai has been buzzing with activity in recent years, investors have often felt the need for adequate information on the market. The Dubai Property Report provides a comprehensive view of the real estate scenario in Dubai and helps buyers plan their purchase in advance. It serves as a one-stop source of information for buyers and investors," said Jassim M. Al-Bahar, Chairman, IFA.
The report includes valuable contributions from a number of industry experts. It gives a clear and thorough insight into legal issues, market analysis and home finance.
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First independent report on Dubai's property market launched
- United Arab Emirates: Monday, September 05 - 2005 at 14:05
- PRESS RELEASE
IFA Hotels & Resorts, a wholly owned subsidiary of Kuwait's International Financial Advisors and the main investor on The Palm Jumeirah has announced the launch of the Dubai Property Report.
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About IFA Hotels and Resorts - www.ifahotelsresorts.comIFA Hotels and Resorts is a subsidiary of the Kuwait-based International Financial Advisors Company (IFA), with expanding tourism interests spanning Europe, the Middle East, the Indian Ocean and Africa.
The depth and strength of IFA places it in the forefront of companies engaged in the development of tourism projects, hotels and resorts in Europe, the Middle East, the Indian Ocean and Africa.
In the Middle East, IFA Hotels and Resorts is the largest investor in The Palm, Jumeirah, a man-made island offshore Dubai in the United Arab Emirates. Its portfolio includes: The Fairmont Palm Hotel and Resort with 400 rooms; The Fairmont Palm Residence with 558 apartments, penthouses and townhouses; and the 1,000 room five-star Palm Hotel and Vacation Club on the island's crescent. IFA Hotels and Resorts is also behind The Fairmont Palm Residence and Palm Golden Mile with more than 1,000 apartments.
The US $400 million Golden Mile development, a joint venture with Nakheel, developers of The Palm, includes a shopping and residential complex featuring more than 800 luxury apartments as well as 220 boutique shops and restaurants, the project will overlook a 1.5 kilometre canal side Corniche which will transform it into one of the world's most sought-after waterfront shopping destinations.
Continuing its investment in the Middle East, IFA Hotels and Resorts has acquired 7.5 hectares of land in the Al Abadiyah Hills, overlooking Beirut, Lebanon, where it plans to develop a hotel and residential resort.
In South Africa, IFA is involved in a joint venture in the existing Zimbali Coastal Resort (www.zimbali.co.za). Zimbali is a 370 hectare (925 acre) tropical coastal residential and resort estate located on the North Coast of KwaZulu-Natal (South Africa), 25 km north of Umhlanga Rocks and bordering on the south of the popular holiday destination of Ballito. Zimbali consists of two distinct but uniquely complementary residential and resort estates - the Zimbali Coastal Forest Estate and the Zimbali Golf Course Estate.
IFA Hotels and Resorts recently purchased one of South Africa's most exclusive hideaway resorts - the Zimbali Lodge which will be managed by Sun International Limited. The move is further evidence of IFA's commitment to build and position Zimbali as an exclusive destination for the discerning international traveller.
IFA Hotels and Resorts is the force behind the management of the super-premium Sheraton Algarve Hotel and Pine Cliffs Resort in Portugal; part of Starwood's Luxury Collection; and the Zanzibar Beach Hotel and Resort on the historic Tanzanian spice island.
IFA Hotels and Resorts aims to link its resorts in The Palm, Jumeirah - Dubai, Zimbali - South Africa, Zanzibar and Portugal with planned resorts in Lebanon and Mauritius. This will offer tourists in Europe, the Middle East and Africa a unique network across the company's respective hotels, resorts, timeshare and residence club destinations.
For further information:
Kuwait
IFA Hotels and Resorts PR
Tel: +965 2470743
Fax: +965 2407179
Orient Planet PR & Marketing Communications
PO Box 23345, Dubai, UAE
Tel : +971 4 3988901
Fax : +971 4 3988941
Website: www.orientplanet.com
Portugal
IFA Hotels and Resorts PR
Teresa Chatillon
Tel: +351-289-500106
Fax: +351 289-501795
South Africa
IFA Hotels and Resorts PR
Melanie Roberts
Tel: +27-82 378 7486
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, September 05 - 2005 at 14:05 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Sep 06 2005.
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