Property buyers told to focus on supply factor when weiging up investment options
Source: Total Communications , Author: Posted by BI-ME staff
Posted: Thu September 14, 2017 11:01 am

UAE.  Investors weighing up their options in Dubai real estate were warned today to focus on under-supplied properties offering the best real value rather than those made to stand out by the most creative marketing initiatives.

Firas Al Msaddi, CEO of fäm Properties, one of Dubai’s largest real estate brokerages, said on the closing day of Cityscape Global that careful analysis of market supply and demand is the key for property buyers.

“There are so many amazing projects in Dubai and every developer claims that its product is the best,” said Al Msaddi. “Real estate marketing and promotion has gone to a new level of creativity and can confuse inexperienced investors or end users trying to identify the best purchase.”

“If you have a budget of AED1.2 million and want a one bedroom apartment of 750-850 sq ft within a 2km radius of Dubai Mall, there are more than 100 very similar buildings to choose from. 

Added Al Msaddi: “It’s vital to evaluate a property in the context of expected end user demand once the project is completed in order to get the best return on investment.”

“Demand can be measured in terms of the property’s liveability offering – the amount of space and comfort – combined with the individuality and unique nature of the development and the overall market supply factor.”

“Location, price, developer’s reputation, quality of build, size and view are usually the main decision-making factors, but buyers should make end user demand the main driver of their investment decision.”

Al Msaddi identifies a number of developments offering under supplied products he believes will generate growing demand due to their unique offerings. These include:

NIKKI Beach Apartments - the only project in Dubai offering a combined experience of beach club, waterfront 5-star hotel, freehold apartments with private beach located in the heart of Jumeirah.

City Walk – located between Downtown and Jumeirah Beach, offering the only modern low-rise, freehold and spacious apartments as well as a unique retail component and entertainments landmarks.

Mohammad Bin Rashid Al Maktoum City, District One Villas – featuring the only high-end freehold villas within 5 to 8 minutes drive of Dubai Mall, DIFC, Sheikh Zayed Road and Jumeirah.

Mada Residences - the area’s only residential development to be handed over by Q2 2018 offering spacious 2 bed apartments with maid’s rooms.

Dubai Canal Water Homes – offering 10 exclusive 2, 3 and 4 bedroom floating water-homes in Business Bay.


Photo Captions: 1. (above)   Firas Al Msaddi, CEO of fäm Properties
                            2.  (inset)     Mada Residences (File photo)

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 18, 2017
SAUDI ARABIA. A new report by executive search firm Metin Mitchell & Co highlights the confidence that Saudi women feel about their working futures and what needs to be done to increase the number of women in the workplace.
date:Posted: September 15, 2017
UAE. First of its kind study in the MENA region reveals why we are emotionally drawn to certain destinations and environments; Visible everyday human activity, greenery, artistic features and bright colours found to be the most powerful drivers of emotional engagement.
date:Posted: September 14, 2017
UAE. Family offices, importers and exporters, and the TMT industry will be impacted by VAT in various ways, so the need to ensure they are prepared for when VAT is introduced from 1 January 2018 is clear.
SAUDI ARABIA. The Future Investment Initiative (FII) will host global leaders, investors and innovators; FII will be a game-changing platform exploring the trends, opportunities and challenges that will shape the world economy and investment environment over the coming decades.
dhgate