Latest updates and News of GLOBAL REAL ESTATE By Tej Kohli
Tej Kohli Real Estate Updates
Tuesday, July 6, 2010 | 11:18 am
As the world is crawling out of the recession’s ominous shadow, the HNI investors are now feasting their eyes on Dubai real estate market.
Dubai, November 15, 2009:
Thanks to the fading recession, investors across the world are flocking to Dubai real estate market, considering the city’s relative stability in terms of prices and affordable housing, especially in the today’s highly volatile real estate scenario.
In its recently released Dubai House Price Index for the 3rd quarter of 2009, Colliers International, the global real estate consultancy has indicated a 7% increase in Emirate’s overall property value. Mr. Tej Kohli, a visionary, real estate investor and founder of Ozone Real Estate says, “This growth is a clear sign of bounce in the market and marks the beginning of an outstanding recovery.”
An experienced business analyst in real estate, Mr. Tej Kohli believes that the real estate prices will stabilize from now on, and in view of the fact that property values are coming close to more affordable levels, now is the right time to invest as the market enters a new phase of renewal.
The Colliers report also shows a 64% increase in transactions for the 3rd quarter of 2009, which is again a positive sign. Contributing to this real estate boon are a myriad of new inaugurations in Dubai, ranging from some world-class towers to hotels. On December 1 this year, Five-star Jebel Ali Golf Resort and Spa, is all set to reopen after months of comprehensive renovation. Close on its heels is the grand launch of world’s tallest hotel – Rose Rayhaan, which will dot the skyline along the Shaikh Zayed Road.
“With a host of projects slated to launch along with the opening of a spanking new airport, Dubai has plenty on its plate to silence the critics and welcome its investors.” asserts Tej Kohli. His company, Ozone real estate itself has a number of projects in full swing lined up for an imminent launch including Tameer Towers, Hydra Hollywood, Hydra Avenue amongst others.
Also following the suit are some high end hotels like The Conrad Hotel Dubai and a second Ritz Carlton, which are slated for an early 2010 opening. Next in line will be the inauguration of the five-star Royal Amwaj Resort & Spa which will contain suits, villas and the exotic water villas, the likes of which are seen in Indian ocean.
In addition, Dubai’s prime golf estate evolution, the Jumeirah Golf Estates is also in line for a late 2009 opening. Accompanying it will be the Tiger Wood’s Al Ruwaya resort, a half-an-hour drive from the Dubai International Airport, is all set for a gala start in 2010, featuring an 18-hole golf championship course.
“The slew of launches goes to show that Dubai is well on track; with global visitor numbers up four per cent for the first half of 2009 compared to the same period last year,” says Mr. Kohli.
For more information visit OZONE REAL ESTATE
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(posted in BUSINESS VIEWS, GLOBAL REAL ESTATE)
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