Real Estate Deals – Find Assignment Real Estate Transactions!

What people say about property market!

Property-Investment.com Expands Internet Property Investment Portfolio into Dubai

London, UK (PRWEB) August 5, 2005

Property-Investment.com, a successful property investment company in the Spanish market, announces its expansion into the lucrative Dubai property market. Property-Investment.com is dedicated to providing clients with professional and authoritative advice about investing in foreign property.

“From the start, our philosophy was to provide independent, trustworthy advice on property investment and home buying,” explained Len Skelhorn, of Property-Investment.com.

“By forming strategic alliances with selected leading real estate agents and developers our objective is to provide a professional property investment service that is unique.”

The company began its operations in the Costa Del Sol region of Spain, under the http://www.Spain.Property-Investment.com banner. Through the Web site, Property-Investment.com specializes in new and key developments in the Marbella area. Additionally, through their partnership with a top real estate agent in Marbella, the site also provides access to the re-sale market, other real estate areas of Spain, and Spanish mortgage and legal resources.

By forming similar strategic partnerships with leading real estate agents in Dubai, Property-Investment.com is able to provide coverage in the promising Dubai market. Whether looking for holiday homes, prime residences, and commercial property or when creating an investment portfolio, http://www.Dubai.Property-Investment.com provides a one-stop service to clients looking to invest in foreign real estate.

About Property-Investment.com

With an extensive knowledge of both traditional and emerging markets, together with partners in the various countries, Property-Investment.com is well-placed to give their clients an honest and reliable service. For more information, please visit http://www.Property-Investment.com.

Media Contact:

Len Skelhorn

+44 (0) 1493 750669

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Find More Property Market Press Releases Just Received!

Check this out!

Share/Save

The Rise And Fall Of Dubai Property Market: Abu Dhabi Property Market
Discover the truth about property market!

Prior to 199 the right to purchase property in Dubai was restricted to the citizens of Arab states that made up the Gulf Cooperation Council (GCC). However, in 1999 when new residential and commercial projects was launched, the Dubai Government decided to open selected projects to foreign investment.
The policy makers were of the view that this measure would open doors to international property investors from France, Spain, the UK and US. They were right; and people from all over the world, including Pakistan, invested in the Dubai Property Market.
The peak period started in 2002 and saw Pakistanis invest more then USbn. According to the data available, 3290 property unites were booked by UAE nationals, 3243 by British nationals, 2510 by Pakistani nationals and 2450 by Indian nationals.
The third quarter of 2008 saw the Dubai market slump to unprecedented levels. This was due to a number of reasons including surplus supply, the hike in property prices, negative population growth, lack of mortgage facilities, defaulting buyers and the cancellation of many building projects by builders. By the end of 2008, foreign investors had disappeared from the Dubai market due to the global economic crunch.
Ever since, the glut in residential and commercial property has compelled owners to slash prices by more then 50%. Yet this too has failed to lure investors back, as they are anticipating a further decline in Dubai property prices in 2011.
TO make matters worse, the Dubai Government recently announced the imposition of a five percent tax on residential units and a 10% property tax on commercial units. This is in addition to the one percent transfer fee based on the selling price that is payable by the seller and purchaser of the Dubai property. Such taxation measures are bound to reduce the number of transactions taking place.
Stay in touch for the second part of the feature.

For more details visit my website

Another Property Market Articles

Share/Save