Deyaar Development PJSC, one of the UAE’s largest property development and real-estate services companies is hosting a property showcase in Nairobi and Mombasa as part of the efforts to target the growing number of Kenyan investors buying property in the UAE. The roadshow will take place on Friday 19th May 2017 at Fairmont Norfolk Hotel in Nairobi from 4:00 PM to 10:00 PM and on Saturday 20th May 2017 at Sarova Whitesands in Mombasa from 4:00 PM to 10:00 PM.
The sales roadshow follows a similar event in late February 2017 in Nairobi during which Deyaar showcased an off-plan portfolio of properties situated in the UAE. Following Nairobi, Deyaar moved on to target investors in other rapidly developing markets including China, India and Gulf Cooperation Countries. The upcoming Nairobi and Mombasa events will primarily present Deyaar’s premium products which includes the “124 Millennium Deyaar Atria Residences” in Dubai.
Said Mona Al Tamimi VP Marketing and Corporate Communication, Deyaar, “We’re back to Kenya because of inquiries received from keen investors after the first roadshow in February. We want to leverage the interest created. This time we are also bringing out our premium product offering to Coastal investors as part of a plan to cover the various market segments and communities in Kenya.”
Said Nasser Amer, Vice President Sales at Deyaar, “Rental returns in Dubai continue to be driven by the traditional fundamentals such as the location and the pricing entry point. Overall, the rental yields are stable in strategic locations with future outlook suggesting potential increase in the medium term. As additional incentive we shall bear the 4% property registration fee and extend a 3 year post-handover payment plan. Also on offer we have Midtown, a new integrated urban development in Dubai Production City offering community living.”
Many wealthy Kenyans have properties abroad, and Dubai is second only to London as their top global real estate location. The UAE’s tax-free status, as well as the stable political environment and well-diversified economy, make it a leading overseas investment destination. At 8,500, Kenya has the fourth highest number of dollar-millionaires in Africa, with that number expected to rise sharply over the next decade.