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While a considerable number of Kerala residents dwell in foreign countries, real estate in Kochi has always been the subject of NRI interest. Of late, the surge created by influx of IT/ ITeS based companies in the property markets has also resulted in soaring property prices in Kochi.

A large number of employees are settling in the city and the demand has visibly impacted the capital prices and rental values of properties here. Nevertheless, the NRIs have no pangs over the same and property investment in Kochi is still their one of the favorite options, sources informed.

Demand pattern

According to the property dealers in Kochi, most of the NRIs look for sea-facing residential properties in the city. Perhaps, that’s why localities around Marine Drive and MG Road are the most premium residential locations in the city.

However, the vacancy rates in these areas are at rock bottom and hardly any properties are available for the sale. Also, the markets experts feel that the prices are too high now and do not offer room for further growth from investment point of view.

Consequently, NRI investors have been reportedly taking interest in sub-urban locations like Kakkanad, Edappally, Kalamssery, Ankamali and Thripunithura.

Extensive construction activities are underway in these areas, and real estate majors like DLF, Puravankara, Sobha, Prestige, and Brigade Group have lined up their ambitious projects across these areas.

Given the demand for higher-end residential properties, international players too are eyeing the Kochi Property markets. Recently, Dubai-based Emaar Group has also launched its project in the city.

Of Property Values in Kochi

Given the boom in Indian real estate in the past couple of years, prices of apartments at Marine Drive shot up by almost 300 per cent from Rs 1,500-Rs 2,400 psft to Rs 5,000-Rs 7,000 psft, in the period between 2005 and 2007.

The capital values for apartments at the aforementioned suburban locations are in the range between Rs 1,500 and Rs 4,000 per sq. ft. (Source-MagicBricks.com).

To know more about Kochi Properties [http://www.magicbricks.com/property/city/p/p~p!ct~3637!/Kochi.real-estate] visit – magicbricks.com

The 10-stories high Al Dana II project is one of the most spectacular residential properties in the real estate market of Dubai. The project comprises of a ground level and ten deluxe residential floors. The ground level has eight commercial chambers and twelve residential apartments. The apartment building has a separate free car parking area, health gym and an attractive swimming pool. The interior of Al Dana II is brilliantly done with lavish furnishings and equipment. The residential compound is encircled by immaculate landscape gardening and surrounded by the multicultural communities of the International City’s Complex.

The covered area of the project is about 33,076 square feet and it is just 8 minutes drive from the Dubai International Airport. The extensive residential complex of Al Dana II offers one and two bedroom super luxury apartments. Each floor has only 12 apartments and maximum space is made available for each residential unit.

Location

Al Dana II is located around the scenic International City of Dubai, one of the most influential cosmopolitan areas of the entire United Arab Emirates (near to Dubai International Airport, Dubai International Financial Center, Dubai Festival City and Dubailand). The project consists of a pre-designed compound that covers a huge area of 800 hectares.

Located in the heart of Dubai and accorded with matchless residential and business arenas, Al Dana II draws the attention of investors, agent and dealers worldwide. The Al Dana II city provides accommodation to over 60,000 residents making it one of the most prominent residencies in the real estate property market of Dubai.

Facilities at a Glance

Al Dana II provides an elegant lifestyle to its buyers with state-of-the-art leisure and recreational facilities. A few of the remarkable amenities of the Al Dana II project include:

– Gym and fitness centers

– Sauna & steam baths

– Beautiful swimming pools

– Granite and ceramic flooring and gypsum ceiling

– Auditory and thermal insulation

– Modern elevators

– Free parking area

– Conference room and club house facility

– High-toned interior

– Superbly furnished kitchen with high quality dishwasher, refrigerator and oven.

The payment terms for Al Dana II residential apartments are very affordable and convenient too. The prices for one bedroom apartments start from US$ 114,594 while the prices fro two bedroom apartments start from US$171,653. On booking, the customer is required to pay 15% of the total amount while 5% will be paid one month after the booking. After that, 10% is paid after every 3 months till the project is finished and upon completion the remaining 20% will be paid. To make payments easier, financing is also available that helps customer to secure an apartment in Al Dana II without much hassle.

The real estate industry in Dubai is in a huge boom. Property prices are soaring to new heights. The property boom in UAE give a return of nearly 30% or more. Thereby, investors do get a huge turnover on their investment here.

Who are interested in real estate?

The option seems very attractive to those who plan to migrate to UAE. It is most suitable for those who want to retire in a peaceful haven. It is also suitable for relocating entire family as it is modern and safe. Another section of people who are interested are those who want to make huge returns from their commercial investments.

Why is buying property attractive option here?

Owning properties in this region is a safe, sane and attractive investment because of the following reasons:

o The climatic conditions in are pleasant and sunny.

o The exchange rate is favorable.

o The place offers cosmopoitan life style.

o UAE is a hub of cultures and an epitome of industrialization and globalization.

o Unlike the other Arab regions, the city is more informal, shatters conventions and other traditions. Thus, it is more suitable for people of other cultures and conventions.

o The entire cultural and investment scenario here caters to a global regime.

o It has excellent education and job opportunities.

o The healthcare facilities ace the global scenario.

o It is also a hub of entertainment. There are umpteen restaurants and nightclubs which provide a tax-free lifestyle that only people in other nations can only dream of.

o The city also has plenty of food zones. Though Arabic food is their speciality, international cuisines can also be found in plenty. Pizza Hut, KFC, McDonalds, Hard Rock cafe and many such food chains accommodate a prominent place here.

o The trendy nightclubs of the region offer an exhilarating experience. Regional or country-specific night dubs can also be found here in plenty.

The property market is a composition of modern Skyscrapers and traditional architectural buildings. People are free to choose whatever pleases them. The best niche for successful investors is investing in Dubai real estate. Studies prove that the number of foreigners far exceeds the number of natives here.

Over the years, there have been a number of positive changes in Dubai’s property sector. One of the most important developments was undoubtedly the 2002 ruling that allowed foreign ownership of properties in freehold areas of Dubai. This was followed by the enactment of a law that made escrow accounts compulsory for those Dubai developers selling off-plan properties. These accounts provided significant security to buyers, instilling in them greater confidence to invest in Dubai properties.

In consequence, Dubai’s property sector matured rapidly. Some signs of a healthy and mature real estate market are stability in property prices, increased transparency in real estate laws, protection of investor’s rights and greater competition among developers.

With all this being implemented, Dubai’s real estate sector was bound to attract a substantial amount of investment. Dubai has become well known all over the world for constantly introducing world class projects that offer unique opportunities, strong mass appeal, and high returns with a mixture of excitement and enthusiasm.

Efforts by the Government of Dubai to establish a regulatory framework through Real Estate Regulatory Authority and Dubai Land Authority that addresses company laws, financial laws and real estate laws has given both private and institutional investors greater confidence in investing in Dubai.

As always, a solid regulatory foundation is critical to encourage foreign investment anywhere. The rulers and Government of Dubai have always sought to promote a strong natural association between Dubai and luxury. As a result most real estate developments from hotels to resorts to apartments and villas have focused on the premium segment of high net worth individuals and families. Additionally, with the increased land and construction costs in Dubai, developers have chosen to develop projects at the luxury level to make them more economically viable.

Research has proved that there exists strong end-user and investor demand for lifestyle themed projects both locally and internationally. For instance, golf and waterfront projects have tremendous lifestyle appeal and consequently have become a significant part of Dubai’s development strategy. These luxury custom homes on the waterfront or in exclusive themed localities come fully landscaped providing such elements as resort style swimming pools, manicured gardens, outdoor seating areas and expansive patios for dining and entertaining. With a large number of villas already sold out, it has created a successful impact on those buyers who are looking for a unique property proposition.

Representing the wave of the future, resort homes provide residents with the experience of living in a first class resort all through the year. These homes have been designed by architects, interior designers and landscape planners from the hotel and resort industry. So the quality of finish and attention to detail in these resort villas could very well be compared to those found in first class hotels or resorts. To complete the overall experience, these villas come with a dedicated concierge service. It is these features that will distinguish resort homes from conventional housing.

Coldwell Banker is one of the oldest real estate firms in the world. The company was formed in 1906 in the USA and takes its name from the partnership of Colbert Coldwell and Benjamin Banker. Today it has an international presence in most of the world’s real estate hotspots. The firm’s commitment to customer service and professionalism continue to be the cornerstones of its business philosophy. We believe that our progress depends upon yours. Do contact us if you are interested in investing in the Dubai property market, buying or selling in the Dubai real estate market, or want to rent property in Dubai for the short or long term.

Choose Your Own Local Sponsor. There are many ways by which you can start a business in Dubai. However, if you don’t want to go by traditional business set-ups, then the best choice would be to start a business through which you can personally participate in the growth and development of the emirate. One way to get a sponsor is by approaching a Dubai national, who can be a UAE national or someone who is already a resident of the emirate. If the sponsor isn’t from Dubai, you have the option to approach a local commercial property developer or a UAE prince or princess.

Obtain the Membership of Free Trade Zones. Once you have obtained the approval for establishment in the free trade zones of the city, the next thing you need to do is to apply for a trademark. Once your trademark is approved, the trademark should be transferred to your name and the company’s name at the same time. It is very important that you follow all the rules and regulations imposed on the registration of the trademark. For setting up a business in Dubai, this is very important.

Setting Up a Business in Dubai – Rules and Regulations. Once you have established a legal identity for your business, it is highly recommended to learn and follow all the rules and regulations imposed by the government and the commercial property developers. For starting a business in Dubai, you may need to provide the government with a 3-clay slab according to the law of the emirate. In order to obtain the permit for starting a business in Dubai, you will have to submit a Request for Compilation of Registration Certificate. The certificate is not compulsory, but the price may be high depending on the value of the slab.

Obtaining a Business License. The laws of Dubai prohibit private individuals from setting up a business in the emirate without having a valid business license from the Dubai government. Therefore, you should get a valid business license before proceeding with your plans. The commercial property developer in Dubai does not issue the license on its own; you will have to submit your application to the concerned authorities in Dubai. A number of companies are available that can assist you in getting your commercial business license.

Getting Your Free Zoning. Starting a business in Dubai is highly recommended if you are looking forward to earning substantial profits. One of the best ways to earn profits is by building an investment property in Dubai free zones. The free zones have low investment and rental rates compared to other traditional areas. Consequently, many investors prefer to start a business in these areas because they offer a relatively better return on their money than other commercial properties in Dubai.

Setting Up a Business in Dubai – Setting up a Business License. To start a business in Dubai, you need to obtain a Business License from the Dubai Police Department upon registration of your company. Business License is required for all local or foreign corporations carrying out retail sales in the emirate. You can get all the relevant information on how to start a business in Dubai from your legal advisor.

Setting up a Business in Dubai With the advent of the free trade zones in the city, the business prospects in Dubai have increased manifold. Many prominent business houses from all over the world including the UAE have established their headquarters here. Besides the free trade zones, there are many commercial centres and zones like the Madinat Jumeirah, Dubai Sorts City, Arabian Ranches, Dubai Festival City, Dubai Marina, Dubai Sorts Outlets City, Dubai Shopping City etc. The growth and development in this city are tremendous and the commercial capital of the UAE. Thus, you can surely say that Dubai is one of the most successful destinations in terms of setting up a business in Dubai.