Saudi Arabian investors will continuously place their faith in Dubai real estate since the emirate's home market has a proven track record for delivering long-lasting advantages, a programmer said at Cityscape Global today.
Okbah Abdulkarim, Chief Operating Officer of ARTAR Realty Growth, states Dubai's condition as a safe house genuine financiers continues to be undamaged and significant growths driving the economic situation are constructing investor rate of interest, especially from Saudi.
Authorities Dubai Land Department figures show that, in the 18 months from January 2016 to the end of June this year, the largest GCC financiers in Dubai property besides Emiratis were Saudis that made an overall of 5,366 deals worth AED 12.5 billion.
" Numerous Saudis still see Dubai as a desirable city to go to because it's nearby, there are shared spiritual and cultural values and a fantastic way of living below," said Abdulkarim, currently managing ARTAR's Mada Residences tower in Downtown Dubai which is due for conclusion on time by 2Q 2018.
" There's a great deal of diversification in the financial investment opportunities right here in Dubai and it's a city that Saudis understand well, and count on. Our Mada Residences project has attracted a lot of Saudi capitalists.
" Dubai has actually developed protection from adverse financial results by developing a facilities for business, investment and living. It is still regarded as a city where house supplies lasting financial security.”
ARTAR thinks the largest volume of real estate financial investment in Dubai will certainly continue in prime locations like Downtown, where Mada Residences stands out for a variety of factors, not least its Trademark Collection of 9 elite 4-bedroom houses which have been taking centre stage at the company's Cityscape Global exhibition stand this week.
With superb Bianco Venus marble floors, European developed kitchen areas and a few of the most large terraces in the Downtown district, the apartments vary in size from 2,852 sq ft to 3,234 sq ft and supply the all-round top quality and style desired by sharp investors and finish users.
Uniquely, the 193 larger than average 1, 2, 3 and 4 bed room luxury homes consist of the only two-bed units with maid's areas in the whole Downtown district.
Each house is wisely created to supply real liveability, implying more room and very easy movement for residents.
Mada Residences is a one-minute walk from Dubai Mall and within simple reach of other major tourist attractions such as the Dubai Opera and a huge wealth of dining, home entertainment, retail, recreation, social and various other facilities.