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Dubai: Experts Speak on Real Estate Opportunities in UAE

  •   Mon, Apr 28 2008 10:05:12 AM

Dubai: Experts Speak on Real Estate Opportunities in UAE

Daijiworld Media Network - Dubai
Pics : Roney D'Cunha

Dubai, Apr 28: Kanara Entrepreneurs Ltd (KEL) has organized a mentoring session on 'Real Estate Opportunities' in the UAE on Sunday April 27 at the Indian Club Karama.


KEL has been organizing useful mentoring sessions for the community members who hail from the coastal belt of Karnataka.  KEL is a global, non-profit, mutually-beneficial corporation founded by successful entrepreneurs to encourage, support and nurture entrepreneurship in individuals originating from the Kanara region.

The session started around 8.30 pm with a welcome note from KEL president Ivan Fernandes.

Michael D'Souza, philanthropist, successful NRI entreprenuer narrated his inspiring success story as a part of the session. He proved how hard work and sheer dedication can be converted into success. He discussed current real estate opportunities in the UAE and gave valuable tips on the subject.

D'Souza manages various hotel apartments including Oasis Court Hotel Apartments in Bur Dubai and Dunes Hotel Apartments in Al Qusais in addition to several warehouses, labour camps and residential buildings in the UAE.

Michael D'Souza has vast experience in real estate consultancy, management and developments.

 

Sohail Akbar of Tamweel Home Finance delivered a session on 'Mortgages in UAE.'

'Tamweel – the Home of Home Finance,' brings together the legacy of two great organizations – Dubai Islamic Bank and Istithmar. Established in March 2004, Tamweel provides a whole range of Sharia-compliant products backed by unparalleled customer service and innovative home finance solutions.

A session on 'Real Estate – Is it still an Opportunity?' was conducted by Ryan Mahoney, managing director, Better Homes LLC. Ryan spoke on various options to invest in UAE real estate market.

Mark Denis D'Souza proposed the voted of thanks.

  

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Comment on this article

  • B.N.R.Rao, MANGALORE

    Mon, Apr 28 2008

    Felt thrilled to see my dear Mr.Michal DSouza from Puttur in these photos,who has been my good friend since 1969! He looks the same cheerful Michal except for his bald plate!He has proved baldness is a sign of Prosperity!!! He is a generous philanthrophist and shuns publicity. For our Lions Special School,he has been donating liberally since the past 5 years.

    In today's world you rarely find a gem of a human being like him.I had predicted of his success in the 70's and today he has proved me right!. Richly deserved success and a great inspiration and role model for all young Indians.May God Bless You dear Michal & family with good health,happiness and joy in your life always! May your tribe increase.

    Thank you Daijiworld for bringing me these lovely photos of my good old friend.You have made me nostalgic!

    DisAgree Agree Reply Report Abuse

  • Alfred J. Rebello, Kundapur/Dubai

    Mon, Apr 28 2008

     I was one of the attendees of KEL arranged investment on properties in UAE. Yes, it was good to know the procedure & how to go ahead to invest but many questions still remained un-answered clearly, with regard to taxes, transfers, ownership, citizenship, Visas, the hidden charges and terms & conditions. We got only information on how to go ahead, its profitability, easy & hassle free documentation and the ownership for a certain period of time but it was not clear whether it is our own property for ever or not. For me, investment in this part of the world is only commercial, so one can make profit and the talks were also directed in this direction. For me, If I buy a house for living purpose than I do not worry whether the value appreciates or depreciates. Again if you buy a property in any part of the world other than Middle East, we become the citizens of that country after certain period of time.

    Again considering the food shortage around the Globe many countries may put the ban on food export. Some already did. Since nothing is growing in this part of the world, I am wondering how and on what cost one can live in the Middle East. Yes, one can make profit (or even Loss) by buying property here but surely it stops you leaving this place easily and hassle free if there is no food available. If renting, one can leave whenever he wants though he is losing some money, since we are not considered citizens however big the investment is. I am not saying anything to those who wants to make quick bucks and hope they will NOT lose in the process.

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