{"id":21534,"date":"2022-01-02T00:00:00","date_gmt":"2022-01-01T20:00:00","guid":{"rendered":"https:\/\/dev.spinvestment.com\/dubai-has-ingredients-to-be-successful-second-home-property-market-sp-investment\/"},"modified":"2022-06-27T11:01:01","modified_gmt":"2022-06-27T07:01:01","slug":"dubai-has-ingredients-to-be-successful-second-home-property-market-sp-investment","status":"publish","type":"post","link":"https:\/\/www.spinvestment.com\/fr\/dubai-has-ingredients-to-be-successful-second-home-property-market-sp-investment\/","title":{"rendered":"Dubai has \u2018ingredients\u2019 to be successful second-home property market | SP Investment"},"content":{"rendered":"

\"DaVinci_Tower_Dubai\"<\/a><\/h2>\n

City\u2019s connectivity, safety and security continue are attractive to the affluent looking for a spot to purchase a second home, says Saudi-based Dar Al Arkan\u2019s vice chairman<\/h2>\n

 <\/p>\n

Dubai\u2019s connectivity to international cities and the UAE\u2019s handling of the pandemic have ensured it continues to attract high net worth individuals looking to invest in the second-home property market, said the vice chairman of Saudi-based property developers Dar Al Arkan Properties.<\/p>\n

Ziad El Chaar began his journey with real estate in Dubai back in 2004 and told Arabian Business that it is \u201creally thrilling to see where we were back then and where we are today where Dubai is listed as a key destination for a second homes, for tourism and leisure, and as a destination for safety and connectivity.\u201d<\/p>\n

Speaking out of Dar Al Arkan\u2019s experience in the global second homes market favoured by GCC and European investors, El Chaar said the comparative ease of flying into Dubai and commuting around the city is one of its main differentiating factors in the high-end property market.<\/p>\n

\u201cOne of the reasons we were able to attract an affluent segment to the Dubai real estate market is that they can easily travel into the city, largely through direct flights available on a daily basis, and the furthest distance from the airport is 30 minutes,\u201d said El Chaar.<\/p>\n

\u201cDubai has all the success ingredients: the location, connectivity, safety, security and a regulated market. Also, the UAE, did extremely well in their handling of the coronavirus crisis which attracted a lot of people to say that should another pandemic start, they would want to be in Dubai for it. The ease of opening a business and the tax-free environment that we have is also a major factor in the evolution of the market,\u201d he continued.<\/p>\n

Dar Al Arkan\u2019s upcoming projects in Dubai include a collaboration with Missoni to launch Urban Oasis, a tower close to the canal with a view of Burj Khalifa, while last December saw the property developer launch Da Vinci Tower with Pagani, the hyper car manufacturer. Both are co-branded projects, because there is a market opportunity for \u201climited edition real estate projects like this through collaborations with known brands.\u201d<\/p>\n

Dubai aside, Dar Al Arkan is expanding regionally with projects in Oman and Qatar under development.<\/p>\n

\u201cWe are engaging in the markets of Muscat and Doha as we believe both markets can represent an opportunity for vacation or second home buyers and investors,\u201d said El Chaar.<\/p>\n

\u201cIt is a diversification so you can have an array of investments across three different types of markets: one driven by entertainment and affluence (Dubai), the other by sports events (Doha), and finally by escapism (Muscat),\u201d he continued.<\/p>\n

Dar Al Arkan\u2019s first project in Doha, five low rise buildings one by the city\u2019s seaside corniche, will be launched by end of March.<\/p>\n

In Saudi Arabia, Dar Al Arkan\u2019s home market, the company will shift its focus from the middle segment to the upper middle and high end segments of the property market \u201cbecause we see that there is a gap in that market that we can fill,\u201d said El Chaar.<\/p>\n

\u201cAnother gap in the market is second homes within Saudi for the nationals and residents. Many would like to buy a second home on the Jeddah Corniche for weekends and vacations by the sea. We are also developing second homes in Taif, a good area in the summer as it has a mild weather for those from Jeddah, Riyadh and Mecca. Six months ago, we started selling second homes in a project in Mecca which people will mainly use for religious visits,\u201d he continued.<\/p>\n

In June, Saudi Arabia\u2019s two real estate giants Dar Al Arkan and SNASCO Real Estate signed a joint agreement to develop a luxury residential tower on Jeddah Corniche, an area known for its residential and recreational destinations. The joint venture, aims to drive the development of the luxury property market, and catalyse the diversification and growth of the kingdom\u2019s real estate industry.<\/p>\n

Source<\/a><\/p>","protected":false},"excerpt":{"rendered":"

City\u2019s connectivity, safety and security continue are attractive to the affluent looking for a spot to purchase a second home, says Saudi-based Dar Al Arkan\u2019s vice chairman   Dubai\u2019s connectivity to international cities and the UAE\u2019s handling of the pandemic have ensured it continues to attract high net worth individuals looking to invest in the second-home property market, said the vice chairman of Saudi-based …<\/p>","protected":false},"author":1,"featured_media":24168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-21534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"\nDubai has \u2018ingredients\u2019 to be successful second-home property market | SP Investment - SP Real Estate Investment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spinvestment.com\/fr\/dubai-has-ingredients-to-be-successful-second-home-property-market-sp-investment\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai has \u2018ingredients\u2019 to be successful second-home property market | SP Investment - 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