Why UAE’s real estate is competitive – Expert
The Chairman of Loft & Keys, Chief Austin Albert, has emphasized the economic potential of real estate investment in the United Arab Emirates (UAE), saying that a property offers a twenty-five percent capital appreciation yearly. Albert stated this at the Binghatti Africa Property Show, supported by Loft & Keys and The Premiere Immigration & Advisory, […]
L–R: Chief Austin Albert, Chairman of Loft & Keys (Dubai) and The Premiere Immigration & Advisory (Lagos); Mr. Joseph Abimbola, Head of Sales – Africa, Binghatti Developers (Dubai); and Dr. Jane Kimemia, CEO of The Premiere Immigration & Advisory, at the successful four-day Binghatti Africa Property Show, held from 1st–5th December across Abuja and Lagos, showcasing iconic Dubai real estate opportunities to Nigerian investors.
The Chairman of Loft & Keys, Chief Austin Albert, has emphasized the economic potential of real estate investment in the United Arab Emirates (UAE), saying that a property offers a twenty-five percent capital appreciation yearly.
Albert stated this at the Binghatti Africa Property Show, supported by Loft & Keys and The Premiere Immigration & Advisory, where the partnership with the UAE-based real estate firm Binghatti was unveiled.
“We are showcasing all Binghatti projects in Nigeria and letting people know that the narrative behind investment in real estate has changed. Binghatti is the fastest developer in the UAE. Gone are the days when you invest in real estate and wait long before receiving dividends on your investment.
“With Binghatti, in 14 months they have finished the project, expecting a minimum of 25 percent capital appreciation. And whatever you earn, you keep, because the UAE law is tax-free. If you decide to rent, you are going to make nothing less than 8 percent of rental returns per year,” he said.
He stressed the importance of investors leveraging opportunities in real estate, noting that the UAE government offers a 10-year golden visa for property investments worth 550,000 USD.
Adel Azzam, Head of Business Development at Binghatti, highlighted the superior investment prospects in Dubai, saying the firm constructed 18 new projects this year.
Photo Credit: Onyekachukwu Obi