Dubai rightfully bears the title of the leading city in everything and a real paradise for tourists. It is not surprising that every year more and more people from all over the world buy real estate in the miracle emirate in order to settle here with their family or just come on vacation. The British company The First Group, operating on the international real estate market for more than 20 years, over the years of active activity has been able to thoroughly study all the needs and wishes of investors, which are an important factor for further replenishment of the portfolio of premium residential and hotel facilities, as well as a list of exclusive services that will surely appeal to the most demanding customers.
Always to new achievements
For two decades, The First Group in the development of its business has set itself the same goals as the authorities of the emirate of Dubai: to move forward, grow actively and not stop there. We can say with confidence that the British developer has made his considerable contribution to the overall track record of Dubai's achievements, which cannot be proud of and cannot be overlooked.
According to the common opinion of international consulting companies, the real estate, tourism and retail markets, which are the locomotive of the Dubai economy, have entered a stage of sustainable growth. According to the Global Property Guide, in the past 2012, the Dubai real estate sector was the most successful in the world. Thus, the emirate’s residential real estate index in 2012 increased by 13.46%, while in 2011 it showed a decrease of 1.8%. For comparison, in 2012 in the UK this indicator decreased by 3.97%, in Singapore - by 2.88%, and in Tokyo - by 1.94%.
At the same time, according to the company Jones Lang LaSalle, which compiled a survey of real estate market trends in the Middle East and North Africa, citizens of many countries considering options for profitable investments today prefer to invest in Dubai real estate. One of the factors that attract new foreign investors to the Dubai real estate market is that property sales and leasing transactions are not taxed.
In an analytical study of the market, one cannot but pay attention to the dry statistics that confirm the stated theses. According to the Dubai Land Department, in 2012 the emirate concluded 41.7 thousand real estate transactions, and their number grew by 18% compared to 2011. At the same time, the total value of these transactions amounted to US $ 42.2 billion, and the growth in their number approached 8%.
The Dubai Land Department also notes that last year, US $ 15.9 billion was invested in the emirate’s real estate sector. 18 635 people became happy owners of housing in the flowering emirate. According to Sultan Butti bin Mehrin, Director General of the Dubai Land Department, the confidence of foreign investors in the Dubai real estate sector is growing steadily. This is evidenced by the fact that the bulk of investors were foreigners: the leaders were citizens of India, who invested US $ 2.5 billion in emirate real estate, the fifth place in this indicator was taken by Russian citizens (US $ 548 million).
Meanwhile, not only the real estate sector has shown tremendous successes. Dubai hotels were also recognized as the most profitable in the Middle East and North Africa region, as evidenced by the results of a study by the international company TRI Hospitality Consulting.
Monthly performance indicators show that the total operating profit for an affordable room (GOPPAR) grew by 13.8% to US $ 240.5, which is an absolute record among the region's hospitality facilities. At the same time, the reduction in operating expenses reached 4.9%. The occupancy rate remains stable, reaching a threshold of 84.6%. The average price per room increased by 3.6% and reached US $ 322.9. During the high season, rental rates for affordable rooms rose to US $ 497.2.
According to information provided by Alpen Capital, by 2016 the volume of the hospitality industry in the UAE will increase by 67% and reach US $ 7.5 billion compared to US $ 4.5 billion in 2011. In the period from 2011 to 2021, the UAE tourism sector is expected to grow by an average of 6.5% per year. At the same time, the hotel fund of the whole country will grow from the available 96.9 thousand rooms to 125.4 thousand rooms in 2016
Due to the fact that the volume of tourist flow in Dubai is constantly growing, the conclusion is that the demand for hotel real estate, and therefore the profits of investors owning it, will only increase. Thus, you will not find a better time to invest in hotel property in Dubai. Believe me, this sector will continue to expand at a significant pace, attracting more and more competent investors.
New year plans
As we already wrote, in 2012, The First Group worked at an accelerated pace. In Dubai, the developer opened two hotel-type apartment complexes in the prestigious TECOM-Metro Central and First Central, and also began construction of a new project in the Dubai Marina area - TFG Marina Hotel. And at the beginning of the coming year, The First Group announced a new exclusive project - a 4 * hotel in the heart of the “new Dubai”, in the prestigious TECOM district, which will be the perfect complement to this urban oasis and the fourth real estate developer in the area.
The brilliant prospects of the new complex are due to its favorable location, luxurious amenities and the full range of hotel services. The 26-story building will accommodate guests with 672 rooms with panoramic windows from which you can enjoy the magnificent urban landscape. Guests can choose to their taste a deluxe room in any of three prestigious categories - Sky, VIP and Azure, in each of which space is combined with luxury. Azure Suite guests are also free to use the three VIP restaurants.
With a 24-hour reception and concierge service and the ability to order room service at any time of the day or night, with numerous amenities for business, including wireless Internet throughout, a pool and gym, a solarium and a steam room, this hotel is the ideal place to combine work and leisurely recreation.
Significant and significant project
More than once from the pages of the Russian Emirates magazine we talked about The First Group's landmark project - the TFG Marina Hotel, which will soon rise to the sky in one of the most fashionable areas of Dubai - the seaside Dubai Marina, where a huge bay awaits each of us with snow-white yachts, and the most beautiful skyscrapers, and a bewitching view of the sea. Today, work is underway at the TFG Marina Hotel construction site. In December 2012, laying and retaining soil work was completed, and load testing of the pile foundation was carried out.
The truly sensational news was that The First Group's asset management department entered into a partnership agreement with the largest hotel brand Wyndham Hotel Group, which is planned to add a unique hotel to its list of 7.3 thousand hotels in more than 627, 4 thousand numbers around the world which are in her management.
It is not superfluous to note that the Wyndham Hotel Group chain, which is proud of its loyalty program with more than 9 million members, is the winner of numerous awards and prestigious awards for achievements in the hotel business. In 2012, the group topped the Fortune Magazine’s most respected hospitality segment.
Prestigious collaboration
Buying property from The First Group is not only a profitable investment, but also a number of exclusive privileges. In early 2013, a popular developer announced a partnership with Etihad Guest, a loyalty program for loyal customers of Etihad Airways, the national carrier of the United Arab Emirates.
Now, The First Group's selected investors will be rewarded with the Etihad Guest Gold Card and will be able to become members of a unique club that guarantees a wide range of benefits. Among them - permission to carry extra baggage, access to privileged waiting rooms at airports, priority check-in and boarding, and much more.
“We are pleased to announce a new agreement with the Etihad Guest program, offering a number of privileges for our esteemed investors from the four-time holder of the title of Leading Airline of the World. Etihad Airways operates daily flights to all developed regions of the world and quickly became a recognizable and respected brand around the world. We are confident that our customers will be very pleased with the services of a titled air carrier, "said Rob Burns, executive director of The First Group.
Barry Green, Etihad Airways vice president of incentive and customer relationship management programs, said: "This partnership will be very beneficial and beneficial for The First Group customers who gain access to the world-renowned Etihad Guest loyalty program that guarantees service and privileges. world class. "
Ambassadors of success and victory
The First Group is proud of the worldwide representatives of its brand, which make up the “first team”. As we know, among them are football players Michael Owen from England, Andrey Shevchenko from Ukraine and Nvanquo Kanu from Nigeria, Russian tennis player Svetlana Kuznetsova and South African rugby player Brian Gary Habana. Like the company itself, they always demonstrate high professionalism and focus only on victory.
It is not surprising that world sports stars maintain close relationships with their partners and good friends. So, the Ukrainian athlete Andriy Shevchenko this winter visited the Metro Central hotel complex and the central office of the developer in Dubai, where he was able to relax and share the latest news with the entire staff of the company.
It is worth recalling that Andriy Shevchenko was and remains a pilot in a virtual sightseeing tour of Dubai, which The First Group offers to all its potential investors. It is possible that in the near future some more interesting scenes will be added to the little trip, because the panoramic views of Dubai are changing for the better from day to day.
All details about The First Group offers can be found on the website: www.thefirstgroup.ru
For more information about the projects you are interested in, please contact the customer support service in Dubai by phone: +971 (0) 4 455 0281
