Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

Dubai firm welcomes wealthy Kenyans to invest in UAE real estate

NAIROBI, Kenya, Feb 16 – Dubai-based firm Deyaar Development is seeking Kenyan investors for its prestigious residential projects in the United Arab Emirates (UAE).

Deyaar is visiting Kenya as part of a roadshow that is taking the company to key overseas investor markets, including China and India.

The firm is seeking wealthy Kenyans looking for long-term investment opportunities citing Dubai’s safe asset classification and a strong return on investment.

“Many wealthy Kenyans have properties abroad, and Dubai is second only to London as their top global real estate location. The UAE’s tax-free status, as well as the stable political environment and well-diversified economy, makes it a leading overseas investment destination,” the firm said in a statement.

At 8,500, Kenya has the fourth highest number of dollar millionaires in Africa, with that number expected to rise sharply over the next decade.

Among the projects the firm is showcasing in Nairobi this week include the Atriais, a 32-storey residential tower and a luxury serviced apartment tower in Business Bay – a social and commercial hub with views of the Dubai Water Canal as well as Midtown, a new integrated urban community in Dubai Production City where Deyaar has already launched two phases of the development, with two more planned.

Deyaar has built more than 4,700 residential and commercial units in the UAE, with over 4,200 more under construction.

Deyaar is a semi-Government company listed on the Dubai Financial Market, with Dubai Islamic Bank owning 41 percent of the company.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...