{"id":37000,"date":"2016-12-05T01:11:52","date_gmt":"2016-12-04T18:11:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=37000"},"modified":"2016-12-04T22:33:20","modified_gmt":"2016-12-04T15:33:20","slug":"dubai-developer-deyaar-looks-to-pull-in-buyers-with-offer-of-guaranteed-returns","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaar-looks-to-pull-in-buyers-with-offer-of-guaranteed-returns\/","title":{"rendered":"Dubai developer Deyaar looks to pull in buyers with offer of guaranteed returns"},"content":{"rendered":"


\nDubai-based developer Deyaar has guaranteed annual returns of 7 per cent over two years to investors on one of its Dubai projects. It made the pledge on its serviced apartments in The Atria – a 30-storey tower in Business Bay – which will be managed by Millennium & Copthorne Hotels when the building completes late next year. Deyaar is also offering other benefits for potential buyers including stays of up to 20 nights at the property, discounted room rates for friends and family and money off at the restaurants in the tower.The Atria is a project containing two towers. One of these will house the 347 serviced apartments, ranging in size from studios to three-bedroom duplexes. These have all been designed by interiors specialist Yoo Studio, with other features including an infinity swimming pool, a spa, gym and restaurants. The adjoining tower will contain 219 apartments.Saeed Al Qatami, Deyaar’s chief executive, said that its offer was “unrivalled in the market”. “The package offers investors the opportunity to own a serviced apartment in one of Dubai’s most cosmopolitan quarters, with 14 per cent guaranteed returns over two years,” he said. “Although once best known as a commercial area, Business Bay is now a thriving social, tourism and business hub, with an active, urban lifestyle. It is among Dubai’s most in-demand residential areas.”Offering a guaranteed return for a specified period, usually up to two years, has become a more widespread selling tool among developers of serviced apartments in Dubai.Just last week, Schon Properties announced that it would offer investors in its iSuites development of 2,700 serviced apartments in Dubai Investments Park “guaranteed annual returns” of 12 per cent, although it did not specify the length of the guarantee period. Seven Tides had also previously offered a guaranteed return of 10 per cent per year for investors who bought serviced apartments at its Dukes Dubai project at Palm Jumeirah.Myles Bush, the chief executive of Dubai-based brokerage PH Real Estate, said that “in principle, it’s a great idea” for developers to offer guaranteed returns for a limited period. “It certainly helps to bring in a higher number of potential buyers.”But he said that buyers need to look closely at the track record of the developers offering the returns and at prices for comparable serviced apartments.”We shouldn’t always believe everything it says on the tin in terms of the guarantees being paid back. They need to look at the developer – have they done this before? Have they succeeded in delivering what’s promised?” said Mr Bush. “The second thing is to do a comprehensive market analysis to make sure that the developer is not loading that price on top of the selling price.”I think people have fallen victim before where they have seen these high returns. They get very excited and think it’s fantastic but ultimately they are paying more on the initial asking price than the property is worth. “A buyer needs to be confident in the developer and in the fact that they will be able to rent it out for a competitive rental yield.”mfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Dubai developer Deyaar looks to pull in buyers with offer of guaranteed returns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai-based developer Deyaar has guaranteed annual returns of 7 per cent over two years to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37000","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9CM","jetpack-related-posts":[{"id":47905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deyaar-has-plans-for-5-7-million-sq-ft-of-dubai-property-on-the-drawing-board\/","url_meta":{"origin":37000,"position":0},"title":"Deyaar has plans for 5.7 million sq ft of Dubai property on the drawing board","date":"March 14, 2017","format":false,"excerpt":"\r Property developer Deyaar currently has about 5.7 million square feet of potential new project launches in the pipeline, but its chief executive Saeed Al Qatami has said that it plans to hold back on proposed new launches until the right conditions are in place.Mr Al Qatami said that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41867,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaars-profit-falls-in-2016-in-face-of-challenging-market\/","url_meta":{"origin":37000,"position":1},"title":"Dubai developer Deyaar's profit falls in 2016 in face of 'challenging' market","date":"January 25, 2017","format":false,"excerpt":"\r Deyaar's profit fell by a quarter last year despite rising revenue as the Dubai property developer said it faced a \"challenging\" market.Net profit fell 25.7 per cent to Dh216 million from Dh291 million a year earlier, according to a filing.Deyaar said that company revenue for last year increased 66.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaar-starts-work-on-408-unit-hotel-and-apartment-block\/","url_meta":{"origin":37000,"position":2},"title":"Dubai developer Deyaar starts work on 408-unit hotel and apartment block","date":"August 31, 2016","format":false,"excerpt":"\r Deyaar Development has started construction work on its 408-unit hotel and serviced apartment block close to the Mall of the Emirates.Dubai developer Deyaar said that the 70,800-square-foot block is expected to be completed by December 2017.The hotel will comprise 299 hotel rooms and 109 serviced apartments.Deyaar is already developing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaar-announces-52-q4-net-profit-fall\/","url_meta":{"origin":37000,"position":3},"title":"Dubai developer Deyaar announces 52% Q4 net profit fall","date":"January 25, 2017","format":false,"excerpt":"\r Company said full-year revenue increased because of progress on its The Atria and Mont Rose projects\r \r Source : arabianbusiness.com\r Read more...Dubai developer Deyaar announces 52% Q4 net profit fall","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deyaar-chief-looks-to-drive-dubai-developers-recurring-income\/","url_meta":{"origin":37000,"position":4},"title":"Deyaar chief looks to drive Dubai developer's recurring income","date":"March 16, 2017","format":false,"excerpt":"\r Deyaar's plans to generate more recurring revenue has come a step closer as the Dubai developer's nearly 1,000 hotel rooms and serviced apartments will be ready for occupancy by October next year. The company only has a handful of retail units within its asset management portfolio but it is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-deyaar-offers-guaranteed-returns-on-business-bay-project\/","url_meta":{"origin":37000,"position":5},"title":"Dubai's Deyaar offers 'guaranteed' returns on Business Bay project","date":"December 5, 2016","format":false,"excerpt":"\r The Atria in Business Bay will be completed in Q4 2017, says CEO Saeed Al Qatami\r \r Source : arabianbusiness.com\r Read more...Dubai's Deyaar offers 'guaranteed' returns on Business Bay project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37000"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37000"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}