Hussain Sajwani – the Owner of Damac Properties Has Revolutionized Dubai Real Estate

When Hussain Sajwani formed Damac Properties in 2002, a revolution in real estate in the Middle East began. For a man who in his youth swore that he would never become a businessman due to the long hours his father made him work in the family clock shop after school, Sajwani has done very well.

 

The Dubai billionaire has a flair for smart business decisions and has shown the ability to be decisive and take action when the opportunity presents itself. In 2002 when he formed Damac Properties to take advantage of a UAE decree to allow foreigners to take up permanent residence in the area, Sajwani has been the master of real estate development in the Middle East.

 

His earlier venture of being the primary catering company for the US Army during the Gulf Wars set the stage for his further real estate exploits and gave him the experience in organization and promotion that would serve him well. His initial purchase of some land in an undeveloped section of Dubai paid off handsomely when he sold out his first project, a 38 story apartment complex in six months. Using exciting and eye-catching promotions like promising a Bentley for each apartment set the stage for massive growth very quickly.

 

The Damac owner always pays cash for land, which establishes his location permanently. He always keeps a separate bank account for each property so that no money is exchanged between properties. He keeps a large cash reserve for each development which ensures that construction will be completed even if there is a downside to the economy. None of his properties are ever financed beyond 20 percent.

 

Sajwani is a close friend of Donald Trump and there are two very fine Donald Trump golf courses luxuriously placed on Damac properties. The Tiger Woods designed courses are very popular additions to the Damac brand.

 

There are several Hussain Sajwani family members involved in the business as he is planning for his future legacy of keeping the business in the family. The business is large enough to require this, and who better to carry on the legacy than family members themselves.

Follow Sajwani on LinkedIn and @hussainsajwani

Adrian Velasquez Jose Figueora Gives Tips on how to Succeed in Investing in Property to Rent

According to Adrián José Velasquez Figueroa, purchasing property to rent is a time-consuming and challenging endeavor thus should never be termed as a passive investment. In his opinion, for investors to maximize their income through rental property in Panama, they need to learn a few skills regarding real estate. Below are tips that according to Adrián José Velasquez Figueroa will assist an investor to make profits from investing in rental property.

1. Buy below market values
The low valued rental property attracts lower costs in the form of mortgage payments. On the other hand, since their actual value is much higher than stated, they tend to earn a lot of income. This translates to higher profits for the investor.

2. Choose the right neighborhood
Different areas in Panama attract different types of tenants and levels of income. Areas like Punta Pacifica and Punta Patilla attract short-term tenants and high income according to Figueroa, whereas areas like Eldorado attract long-term tenants and lower pay. It is up to you to do your due diligence and find out the areas that will maximize your profits.

3. Be aware of the laws of Panama rental
Laws, especially tax laws, affect the amount of profit a rental property investor will make. It is, therefore, vital that you study the tax laws of the country on adrianjosevelasquezfigueroa.com. This will help you know your tax cost and calculate your profit accordingly.

4. Make sure there are services available
Services include gyms, private parking and pools. These services tend to increase the rental income a property can fetch and have high demand says Figueroa. Thus, invest in property that has these services since it will fetch more income meaning more profit for you.

5. Inspect the quality of construction
Poor quality of construction means more repairs hence higher costs. Seek the services of a certified building inspector to help you find quality houses. Knowing the quality of a house will also help you negotiate the price.

6. Managing rental property
Managing property comes at a cost, but it is of great benefit to you. You can either manage it yourself or seek the services of professionals. It is vital that you do your due diligence to know which option suits you best and maximizes your income.

7. Something big is not always better
It not always that big property attracts high incomes, but often come at high costs. More vital than the square footage is the number of restrooms and kitchens. Go for one that has more rooms.

8. Public services can increase
Transfer the cost of public services to the tenant. You do this by putting them under their name. This will lower your costs.

About Adrian Jose Velasquez Figueroa
Mr. Adrián José Velasquez Figueroa is a figurehead in the Panama business community. He strives to show young leaders the way forward and helps businesses grow. He currently works for five different companies in Panama holding different positions in each of the companies such as treasurer, director and president.

Growth Expected To Slow For New York Real Estate Markets In 2016

The New York real estate markets have largely remained immune to problems affecting sales across the U.S. and the rest of the world, but the New York Daily News believes 2016 could be the year problems are encountered for the first time. 2016 could be the first year when long threatened interest rate rises finally arrive and make real estate deals much harder for professionals to close.

 

One company positioned in the perfect location to limit the effects of any slowdown is Town Residential, which has developed one of the top teams of professionals for both selling and renting properties across the different boroughs of New York. Town has not only looked to bring in established real estate professionals, but is also well known for bringing new real estate talent to the fast paced markets of New York.

 

One of the key parts of the business in the leadership of Town is the leadership of founder and CEO Andrew Heiberger, who has a long history of providing some of the highest quality real estate services in the city. Heiberger has led Town to become one of the most successful brokerages in New York in just a few short years.

 

Town should be able to avoid many of the issues facing the New York markets, including the longer period of time it will take for a buyer and seller to come to an agreement as buyers look for the best possible deal. Location will become more of an issue in the New York markets than ever before as the gentrification of certain neighborhoods will slow.

 

Despite the many issues problems the real estate professionals of New York will face the growing number of new rental buildings in Brooklyn will see the borough continue to see a sharp rise in interest. Finally, companies like Town with a long list of buyers interested in luxury properties priced at $10 million or more will see sales continue as more of these luxurious properties come onto the markets.