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Ras Al-Khaimah, Property Market

The Perfect Business Location

 

The thriving Business Park in Sofia is a multi-functional high-tech area of activity, combining the essential facilities for business with the related sectors in a single package of opportunity. Spread over 220 000 m², with 35 buildings, it has parking for 3 000 employees and 1 000 visitors.

 

The complex is designed to be the premier business address in Bulgaria and the multinational companies it has attracted include; Hewlett Packard; Johnson and Johnson; 3M; Carlsberg; Kraft; Mitsubishi; Philips; Puma; Sony; Unilever; BMW; Cisco Systems; Porsche; Tetrapak; Hertz and Holiday Inn. In 2006, both Microsoft and Google announced plans to open offices within the city. As the city continues to grow, there has been an emergence of middleclass who demand high-quality rental properties. With a current shortage of premium accommodation in key areas around the city, new developments are welcomed and can command one of the highest rental yields in Europe, of up to 10% per annum.

 

In sum, the economic and infrastructural reform brought on by Bulgaria’s accession to the EU, coupled with a growing international business population, makes this magnificent city a prime investment opportunity.








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