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Dubai Properties Targets High Net-worth Indian Investors at Mumbai Extravaganza 2008

Mumbai Extravaganza offered a unique platform for international real estate institutions as well as developers to launch and promote new products. Apart from high net worth individuals, the high life show also attracted professional advisors such as lawyers, bankers, brokers, top management and decision makers of Mumbai´s leading corporations, successful entrepreneurs and celebrities.

Mohamed Binbrek, CEO of Dubai Properties, said: “We were pleased with our presence at Mumbai Extravaganza. The event gave us an opportunity to present investors with instant information on the latest developments from Dubai Properties, as well as introduce our latest project launches to a new market.

“Indian nationals are amongst the top investors within the booming real estate market in Dubai. The geographical proximity of India makes it an increasingly attractive sector for property developers in the UAE to contemplate. India itself is an emerging and credible market that boasts many international conglomerates and high-net worth investors with whom we are keen to meet and conduct business with.”

In 2007, Indian Nationals spent AED 4 billion on real estate in Dubai, and over the past 10 years, Indian Nationals have spent a total of AED 6.5 Billion on the Dubai Real Estate sector. While the majority of these buyers were Indians living within the UAE, 10% of them were living in India or otherwise, proving the existence of a substantial demand for Dubai real estate from outside the UAE.*

Dubai Properties was presented in the luxury event by Shorex Ltd. the award-winning London-based wealth management event specialist.

Top Kitchen Design Tips To Increase The Value Of Your Property

A well designed kitchen can greatly enhance the appeal and hence value of your property. When developing a property, you need to have a good plan in place. Each room in your property needs to have its own work schedule and budget. This is especially true for the kitchen which in a lot of properties is the most popular room in the house.

When designing your kitchen, you must consider:

1. storage space

How many cabinets are needed for the size of the room? How many shelves are required in the cabinets? What will be the locations of these cabinets?

You must also decide how these cabinets will fit around essential appliances in the kitchen.

2. lighting

The kitchen needs to be bright and airy. A dark and musty kitchen is not only unattractive but can also be unhygienic.

Kitchens need specific lighting for the purposes of food preparation. Ambient lighting serves as general lightning that gives the overall kitchen illumination. The best thing to use here is some sort of fluorescent tubing arrangement.

You can obtain direct lighting, for example aimed at the cooker and kitchen sink, by using conventional recessed lights, surface lights or light fixtures that are on a pendant or chain.

3. appliance space

In addition to the major appliances such as cookers and refrigerators, you also need to design in the locations of microwaves, televisions, telephones etc. These additional items can increase the beauty of your kitchen and help you to sell a lifestyle aimed at the upper end of the market.

4. the work triangle

This connects the three major points of a kitchen: the cooker, refrigerator, and the sink. The longer the distance between these points, the greater the effort required by the potential user.

There are 5 basic shapes to any kitchen design:

1. Single wall

The one-wall or single wall kitchen has all the work centres along one wall, which gives the least efficient plan. This type of kitchen is best for small homes and apartments.

2. L-shaped

The L-shaped kitchen gives a huge amount of continuous counter top space. In this style of kitchen, the work centre is on two adjacent walls, a natural triangle is formed and the traffic bypasses the work area. Space permitting, this design allows for the inclusion of a dining area.

3. U-shaped

In a U-shaped kitchen, a continuous countertop and storage system surrounds the cook on three sides providing maximum efficiency. Traffic flows around the work area not through it and simplifies the cooking process.

4. G-shaped

This is generally a modification of the U-shape but adds an extra wall of cabinets and appliances as a peninsula or fourth partial wall.

5. Corridor/Galley

This plan offers a single cook-efficient workspace with closely grouped work centres on parallel walls.

When designing your kitchen, you should consider the above as a minimum to ensure a quality final product that not only provides a great working environment but also adds value to your property.

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Bank of Baroda Enters Into Memorandum of Understanding With Dubai Properties

Bank of Baroda, India’s international bank has entered into a Memorandum of Understanding (MoU) with Dubai Properties, the region’s leading real estate company, whereby the bank will provide home finance to buyers of residential units in a number of Dubai Properties’ projects across the UAE.

The agreement was signed by Mohamed S. Binbrek, Chief Executive of Dubai Properties, and Ashok K. Gupta, Chief Executive, GCC Operations, Bank of Baroda.

Speaking on the occasion, Gupta said the agreement will facilitate the Bank to help individuals fulfill the dreams of owning their own homes. He added it was a step towards making Bank of Baroda the first choice of every customer.

Bank of Baroda is a leading Indian bank, with an extensive network of over 2,800 branches in India and 71 overseas offices in 25 countries. In the UAE, the Bank of Baroda is the only Indian bank offering full fledged banking services. It has six (6) branches in Dubai, Deira, Sharjah, Abu Dhabi, Al Ain and Ras-Al- Khaimah and an Electronic Banking Service Unit at Jebel Ali. In Oman, Bank of Baroda has three branches and one branch in Bahrain. The Bank also has plans to have its presence in all GCC countries.

The Bank of Baroda provides an entire range of banking products to individuals and corporates under one roof. The Bank’s Retail Banking Shoppe offers various value added retail products, such as housing loans in the UAE and India, overdraft against property, car loans, and personal loans. The Shoppe endeavours to take care of the individual’s financial needs in a specialized and speedy manner.

The bank is continuously adding new customer-centric products and services for the convenience of customers.

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