Thousands of properties to choose from at Next Move live

COMPETITIVE MORTGAGE RATES ENCOURAGE CONSUMERS TO BUY RATHER THAN RENT

Dubai, UAE, 11 February 2014: With thousands of properties to choose from at the UAE’s new consumer property show next weekend, and the regional mortgage market continuing to soar, Commercial Bank of Dubai (CBD) believe now is the perfect time to invest.

In the wake of the successful Expo 2020 bid, property experts at CBD point towards the highly competitive mortgage products that have been bundled together with attractive interest rates as a key reason behind the recent upswing within the mortgage business.

The renewed confidence in Dubai’s property and mortgage market is reflected by the launch of Next Move live, a three-day event which takes place from 20 to 22 February at Madinat Arena at the Madinat Jumeirah.

Offering a special time bound promotion which provides clients with a gift voucher of up to AED 60,000, CBD will appoint underwriters at the show, enabling visitors to sign up for a mortgage on the day.

Mortgage advisers from CBD, the Official Banking Sponsor of the three-day show, will also be on hand to offer free advice to visitors who are looking to make their next move in the property market.

“We can share our opinion about the growing real estate trends and provide customers with information about how they can benefit from it,” Yousif Salim Alsuwaidi, Head of Personal Banking Sales at CBD said. “We believe that the mortgage market will continue growing which will support consumer sentiments for investing in fast growing assets; leading with mortgages.”

Brought to Dubai by the organisers of Cityscape, Next Move live will showcase leading property developers, agents and banks, offering visitors thousands of local and international properties to buy or rent.

For visitors who are looking to invest overseas, Kuwait-based HMG Properties is the first real estate group in the Middle East offering fully managed, refurbished and rented villas in the USA.  With 128 properties scattered throughout America as well as in the UK and Spain to choose from at the show, HMG claim that buying abroad is now more affordable than ever.

Raed Bourjass, CEO of HMG Properties, said: “Now is the right time to buy, rather than rent.  Many people in the GCC are currently choosing to invest in the USA and Europe as the real estate market is more stable and rental prices are increasing.  People attending the event will be looking for a home to buy, either to live in or as an investment, and we want to show people that an affordable investment with high returns is possible.”

“With thousands of properties to choose from, Next Move live will offer visitors all the necessary information they need to buy or rent their next villa or apartment under one roof,” said Wouter Molman, Director of Cityscape Group.

“People who can’t decide between renting and buying will have the chance to view, compare and choose from a range of properties located within the UAE and the rest of the world, and seek advice from leading professionals to help guide them in making their final decision.”

Other exhibitors officially supporting show include Platinum Sponsors Aldar Properties and Flash Properties, Gold Sponsor Orient Desert Real Estate and Silver Sponsor Pacific Ventures.

Pre-registration and more information about Next Move live is available at www.nextmove.ae/live or www.facebook.com/nextmovelive.