101
PROPERTY, BUSINESS, INVESTMENT
BUSINESS EMIRATES
UKRAINE -UAE
the buyer. If the buyer is located outside the UAE,
the companywill assist him or her to obtain the
entry visa and book a hotel room. After the arrival
to the UAE, the buyer will receive amarket survey
that is unbiased because the Ukrainian Trade
Center is not depending from the developers.
The personal expert will select the individual
investment project based on the specificwishes
of the customer andwill advise him or her on all
questions associatedwith the propertymarket
inDubai. The companywill also draw up all
the relevant documents assisting the buyer – if
required – in business registration and preparation
of themortgage. Very important is also that the
company guarantees, under all conditions, the
confidentiality and clarity of the deal.
Theconditions for propertyacquisition in the
UAEarevery favorable, due to theabsenceof the
annual propertyand investments taxes andalsoof
the income taxor corporateprofit tax. The stable
country’s legislation is aguaranteeof the security
of investments andpredictabilityof revenues. Thus,
if in the years 2001-2003 the investments into the
real estate sector ofDubai amounted toUS$5 to7
billion, in the last year, inaccordance to theofficial
information, these investments totaledUS$5,4billion.
The financial analysts forecast the investment inflow,
by theyear 2010, to reach the level ofUS$50billion.
Inaddition, theyieldof investments is veryhigh: in
2002-2003, the rise inpropertypricesequaled30%
to50%, in2003-2004–40% to60%; the
seasonof 2004-2005brought the investorsup
to100% returns. And in thenext years, the
investmentsprofitabilitywill not decrease.Mr.
SergeyTokarev, deputydirector ofUkrainian
TradeCenter inDubaiwho tookpart in the
exhibition“Real EstateAbroad”, says: “Today
the real estateprices inDubai are3 to4
times lower than inother popular investment
destinations –London,MoscoworTokyo.
And, on thecontrary, the rental rates are
higher; itmeans that theprofitability from the
investments into real estate sector ofDubai
when rentedout is 7% to9%; in the same
time, this index inEurope is 2% to3%. Resale
at the secondarymarket brings 40% to100%.
The investments intoDubai real estate is an
ever increasingand liquidplacement of funds;
youmayuse it for yourself or, alternatively,
raisean incomenot less than10%annually,
by renting it out.
The success of anexhibition is being
alwaysmeasuredby thequantityof
deals, signed contracts thatwill become
in the futureprospectiveprojects. The
exhibition “Real EstateAbroad”has become
a foundationof an integrated schemeof
investments into theproperty abroad, both
for theprofits generation andholidaying in
own apartments abroad.
THECONDITIONSFOR
PROPERTYACQUISITION IN
THEUAEAREVERYFAVORABLE,
DUETOTHEABSENCEOF
THEANNUALPROPERTYAND
INVESTMENTSTAXESAND
ALSOOFTHE INCOMETAX
ORCORPORATEPROFITTAX.
THERISE INPROPERTYPRICES
EQUALED30% TO50%, IN
2003-2004–40%TO60%;
THESEASONOF2004-2005
BROUGHTTHE INVESTORSUP
TO100%RETURNS
Dubai, UAE
UkraineTradeCentre
Tel.: +971(4) 329 8 603
Fax: +971(4) 329 8 605
E-mail:
