Beat the UK Credit Crunch by Investing Overseas
Birmingham FC to Host UAE Investment Property Showcase
Select Property, the UK’s leading specialist in off-plan overseas investment property, has announced it will be holding a one day event at Birmingham City Football Club to help potential property investors beat the U.K. credit crunch. The event, to be held at St Andrew’s stadium on Sunday the 14th September, will showcase Select Property’s latest investment opportunities in Dubai and Ras Al Khaimah (the next emerging emirate only forty five minutes from Dubai) with projections for capital appreciation up to 20percent. People making reservations made on the day will also benefit from a 1percent reduction from the current prices.
While the UK continues to be held in the midst of credit crunch, with property prices falling as much as 7percent since October 2007*, the UAE property market continues to experience exponential growth. Dubai, for example, has become hugely popular with investors, holidaymakers and those looking for a more permanent luxury home, meaning demand for property is set to outstrip supply until the end of the decade**. The much sought after Dubai Marina has seen prices per square foot rise from an average of £120 in 2005 to £342 in 2008, making properties in the area a sound capital investment.
Located on one of the last remaining plots in Dubai Marina, ‘West Avenue’, is Select Property’s latest development, offering luxurious studios, suites and penthouses currently still available at pre-launch prices. Investing in Dubai Marina is made even more affordable by the unique lengthy payment plan which Select Property offers, providing customers with the flexibility of a mortgage by deferring the majority of the purchase amount across monthly or quarterly instalments over a 15 year period.
Ras Al Khaimah is hotly tipped to follow Dubai in terms of investment returns, with the Ruling Sheik emulating Dubai’s growth strategy and heavily investing in infrastructure to support the growing number of residents and tourists in the Emirate. Arguably the most scenic of all the United Arab Emirates (UAE) and only 45 minutes from Dubai, Ras Al Khaimah is experiencing rising rental yields driven by its increasing popularity with Dubai commuters wanting a beach residence or a weekend retreat, as well as by the overseas holiday market.
Select Property’s ‘Pacific’ development is located on Al Marjan Island, the first man made Island in Ras Al Khaimah. Al Marjan Island has been built learning from other successful land reclamation schemes in Dubai – the first of which, The Palm Jumeriah, has witnessed a massive 500percent increase in prices since 2002. Also available with Select Property’s 15 year payment plan, ‘Pacific’ offers residents a choice of magnificent properties overlooking private beaches and the clear waters of the Arabian Sea.
Mark Stott, C.E.O of Select Property, explains: “We chose Dubai Marina and Al Marjan Island because they are undeniably two of the most desirable locations for residential investment property in the UAE, perfect for investors looking to benefit from its ongoing property boom. Our upcoming event at St Andrew’s stadium will help potential investors who are reluctant to invest in the current UK market but perhaps haven’t considered overseas markets gain a better understanding of the opportunities available to them.”
Visitors to the investment property showcase this coming Sunday will be able to find out more about ‘West Avenue’ and ‘Pacific’ as well as Select Property’s other developments in the U.A.E. and Turkey. The event will be held in the Gold Suite of St Andrew’s stadium from 11am to 5pm with the opportunity to book a personal consultation by emailing info@selectproperty.com.
- 9th Aug 2008
- Turkey Property News