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emlakreyonucomtr-blog · 5 years

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PFG ve General Atlantic, Türkiye'de yatırım için Zingat'ı seçti

New Post has been published on https://www.emlakreyonu.com.tr/haberler/pfg-ve-general-atlantic-turkiyede-yatirim-icin-zingati-secti/

PFG ve General Atlantic, Türkiye'de yatırım için Zingat'ı seçti

PFG ve General Atlantic, Zingat’a sermaye artışı şeklinde yaklaşık 65 milyon TL değerinde yatırım gerçekleştirdi

Orta Doğu ve Kuzey Afrika’daki yedi ülkede lider emlak platformlarına sahip Propertyfinder Group (PFG), yeni ortağı General Atlantic ile birlikte Türkiye’nin hızlı büyüyen gayrimenkul ve bilgi pazarlama platformu Zingat’a yeni bir yatırım yaptı.

Zingat’tan yapılan açıklamaya göre, PFG ve General Atlantic, Zingat’a sermaye artışı şeklinde yaklaşık 65 milyon TL değerinde yatırım gerçekleştirdi.

En son yatırım neticesinde Dubai merkezli Propertyfinder Group’un Zingat’taki hisse oranı yüzde 36,65 oldu.

PFG’nin ortakları arasında yer alan General Atlantic şirketinden Tom Hussey, Zingat’ın Yönetim Kurulu’na Yönetim Kurulu Üyesi olarak katılacak. Dünyanın en büyük teknoloji yatırım fonları arasında yer alan General Atlantic, Türkiye’de daha çok Yemeksepeti’ne yaptığı yatırımla tanınıyor.

“PFG’nin yeni yatırımı Türkiye’nin çekici bir pazar olduğunun göstergesi”

Açıklamada görüşlerine yer verilen Zingat.com Kurucu Ortağı ve Üst Yöneticisi (CEO) Ahmet Kayhan, Propertyfinder Group’un Zingat’taki hisselerini artırması ile ilgili şunları kaydetti:

“Propertyfinder’ın bu yeni yatırımı ve ortakları General Atlantic’in Yönetim Kurulumuza katkı sağlamasına vesile olması, Türkiye’nin hâlâ çok çekici bir pazar olduğunun ve Türkiye gayrimenkul pazarını bir dünya oyuncusu yapma hedefimizde doğru adımlarla ilerlediğimizin birer göstergesidir.

Yatırımla sağlanan kaynak sayesinde önümüzdeki dönem, Zingat ziyaretçilerinin doğru gayrimenkule ulaşması ve gayrimenkul profesyonellerinin daha verimli çalışabilmelerine yardımcı olmak amacıyla ürün ve hizmetlerimizi genişletmek ve geliştirmek için daha güçlü ve hızlı adımlarla ilerleyeceğiz.”

PFG’nin Kurucusu ve CEO’su Michael Lahyani, “Zingat ile ortaklığımız başarısını ziyadesiyle kanıtlarken, bizim Türkiye gayrimenkul piyasasına ve ekonomisine güvenimizi pekiştirdi. Yatırımımızı artırma kararı almamızda, Zingat’ın Türkiye’de sergilediği başarılı performans etkili oldu.

Zingat’taki yatırımımızı büyütme yönündeki adımımız aynı zamanda PFG olarak MENAT(Orta Dogu ve Türkiye) bölgesindeki pazar payımızı artırma vizyonumuzla da uyum içinde.” ifadelerini kullandı.

Doğuş Grubu Yönetim Kurulu Başkan Danışmanı ve Zingat Yönetim Kurulu Başkanı İzi Adato ise “Başarılı bir büyüme gösteren Zingat’ın büyümesini hızlandırmak için PFG’nin ek sermaye ile hisse payını artırması; gerek yabancı yatırımcının Türkiye pazarı ve ekonomisine gerekse de Doğuş Grubu’na olan güvenin bir sonucudur. Ortakları arasında General Atlantic gibi bir dünya devini de bulunduran PFG ile beraber Zingat’ı pazar lideri yapacağımıza olan inancımız tamdır.” bilgisini verdi.

#ahmet kayhan #ahmet kayhan zingat #property finder qatar #propertyfinder abu dhabi #propertyfinder bahrain #propertyfinder careers #propertyfinder dubai #propertyfinder egypt #propertyfinder group #Propertyfinder Group (PFG)#propertyfinder manager #propertyfinder mycrm #propertyfinder uae #Yemeksepeti #zingat

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karnatakadiaries · 4 years

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yourcrazycrack · 5 years

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Top 40 Fintech influencers to follow in the Middle East

Over the last couple of years, several changes in technology have an impact on financial and banking services as well. Now everyone is aware of the term FinTech which means usage of technology in the financial sector. Definitely, fintech influencers had their piece of share in making fintech an enormous thing by sharing their ideas and influencing the world of techno-finance. Along with several other nations, the Middle East also have seen many influencers who helped in Fintech growth.

Here’s a list of top Fintech influencers in the Middle East region (not in a specific order)

1. Raja Al Mazrouei

Raja Al Mazrouei is the Executive Vice President of FinTech Hive at the Dubai International Financial Centre(DIFC). She works with an aim to make DIFC as the region’s best innovative destination for Fintech.

2. Arif Amiri

Arif Amiri is the Cheif Executing Officer at Dubai International Financial Center(DIFC). He manages the strategic and operational functions of the center. Currently, DIFC is working towards the fintech development which is a part Arif’s vision for DIFC.

3. Leigh Flounders

Leigh Flounders is the Senior Vice President Head of Digital Strategy and Engagement at Emirates NBD. He bagged several awards till date, amongst which The 2017 South By Southwest(SXSW) Conference FinTech & Payments pitch winner deserves a special mention.

4. Craig Moore

Craig Moore is the founder of Beehive which is the first peer-to-peer lending platform in the Middle East and North Africa(MENA) region. Beehive was launched in November 2014, it connects businesses seeking finance and investors. Till date, it has provided finance to more than 32 SMEs.

5. Kanchan Kumar

Kanchan Kumar is one of the founders of Remitr. Remitr is an end-to-end money transfer platform which was started with an aim to make global payments simple. In the year 2016, it was recognized as one of the most promising startups in the UAE region.

6. Suvo Sarkar

Suvo Sarkar is the Senior Executive Vice President and Group Head in Retail banking & Wealth management at Emirates NBD. He contributes to the growth of revenue, profits and customer base for the bank by setting new standards for product innovation. He also publishes a column on the changing paradigms in the banking sector. He is considered as a Finovate speaker in the Middle East.

7. Abdul Fahad Al Jouf

Abdul Fahad Al Jouf is the founder of PayTabs. PayTabs is a payment gateway that provides businesses to transfer funds to each other without any complications. Realizing the difficulties faced by the SME merchants in the MENA region to get a payment gateway, Abdul developed PayTabs. It provides payment solutions to all kinds of business be it small and medium enterprises, large scale organizations, etc.

8. Mirna Sleiman

Mirna Sleiman is the CEO and founder of Fintech Galaxy which is a digital crowdsourcing platform. It connects fintech entrepreneurs and investors. Mirna is the former award-winning financial journalist. She even guided several banks and governments on their digital transformation projects.

9. Sridhar Iyer

Sridhar Iyer is the Head of Mashreq Neo and Banking. Mashreq Neo is the digital banking application that is working with an aim to make banking easy and swift for the customers. This definitely makes a good addition to the growth of fintech in the UAE region.

10. Moussa Beidas

Moussa Beidas is the founder of Bridg, a smartphone app. It is an app which uses Bluetooth to make online payments. It is the first app that works on flight mode as well. Bridg is definitely one of the best fintech innovations. It makes the payment process simple.

11. Sagar Sanap

Sagar Sanap is the AVP- Digital Sales Lead in Citi Bank. Being expertise in the field of Product strategy, Digital marketing, and campaign management, he is making a good share in the field of fintech.

12. Sam Quawasmi

Sam Quawasmi is one of the founders of the first equity crowdfunding platform Eureeca. It provides equity-based crowdfunding opportunity for the businesses. In the year 2013, Sam Quawasmi and Chris Thomas(Founder of Eureeca) were awarded “Innovator of the Year” award by Gulf Business Industry Awards in the UAE.

13. Peter Smith

Peter Smith is the managing director, policy and strategy at Dubai Financial Services Authority(DFSA). DFSA regulates the financial services conducted from Dubai International Financial Center(DIFC) which works with a vision to drive the future of finance.

14. Philip King

Philip King is the Global Head of Retail Banking at ADIB. Prior to ADIB, he worked in several other well-known banks. ADIB launched MoneySmart which is the first digital community in the Middle East region. It also added “ADIB Express” to their app in order to provide instant digital services to their customers.

15. Richard Teng

Richard Teng is the CEO of the Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market(ADGM). The first Fintech Regulatory Laboratory Framework in the MENA region was developed in ADGM under the supervision of Richard. He works in the development of Fintech ecosystem in Abu Dhabi region.

16. Wai Lum Kwok

Wai Lum Kwok is the Executive Director of Capital Markets, Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market(ADGM). He is known for his efforts and supervision in the development of Fintech in ADGM.

17. Promoth Manghat

Promoth Manghat is the CEO of UAE Exchange. He leads the global operations team of UAE Exchange center. He supervises in expanding UAE Exchange all over the world besides the day-to-day operations of his team.

18. Jayesh Patel

Jayesh Patel is the head of Liv. account of Emirates NBD. Liv. account is the first digital banking account in the UAE region. This account was launched by taking millennials and digital lifestyle into consideration. Liv account is one of the best add-ons to Fintech growth in the UAE.

19. Stelios Michaelides

Stelios Michaelides is the head of Digital Banking in Commercial Bank of Dubai(CBD). CBD Now is a digital banking product that was launched under the supervision of Stelios. It uses the latest technologies which promote in the safe and simplest way of banking for the customers.

20. Siddiq Farid

Siddiq Farid is the CEO and one of the founders of SmartCrowd. SmartCrowd is a real estate crowdfunding platform in the UAE. It is the only company that is regulated by the DFSA(Dubai Financial Services Authority) and the first company in UAE that supports digital real estate investments.

21. Tanvir Shah

Tanvir Shah is the Managing Director of The Partnerships Consulting. He supervises on banking, payments, fintech strategies, etc. in the MENA region. His works have been recognized by several popular publications like The Banker Middle East, Cards International, etc.

22. Lynnette Abad

Lynnette is the Director of Research and Data at PropertyFinder group. Having technology and real estate as her professional passions, she’s been working on PropTech for maximum time in her career.

23. Mark Chahwan

Mark is one of the co-founders of Sarwa. Sarwa is an online financial advisor that helps customers in finding investment opportunities with good returns and low-risks. It was recognized as one of the top 20 fintech companies by Forbes and the first startup to have an innovation license by the Dubai International Financial Center.

24. Mike Cunningham

Mike has been spending most of his career in the FinTech sector. He works as an independent mentor at DIFC(Dubai International Financial Center) Fintech Hive. Besides that, he is the CEO of BankClearly a startup which invented a new way of banking.

25. Omar Soudodi

Omar Soudodi is the managing director at PayFort. PayFort is a payment gateway platform which provides a secured and safe payment facility for online shoppers. It has won several awards in the MENA region along with the Best Fintech Company in the year 2016 by The Entrepreneur.

26. Usama Zafar

Usama Zafar is the Head of Digital & Direct Marketing in ADIB. He has 13+ years of work experience in well-acclaimed domestic and international companies. He is considered as a growth hacker with accomplishments of billion dollars in annual sales of the companies he worked.

27. Nameer Khan

Nameer Khan is not only a fintech influencer but also an insurtech. He is a founding board member of MENA Fintech Association which helps in shaping the future of financial services in the UAE.

28. Ola Doudin

Ola Doudin is the Cofounder and CEO of BitOasis which is digital asset exchange and wallet. It allows individuals to purchase, sell and trade digital assets. Along with the digital wallet and trading services, they also offer consulting services to the organizations.

29. Omar Rana

Omar Rana is the co-founder and director of strategy and finance in Finalytix. Finalytix provides financial advice and wealth management of a company. Omar is also a global fintech speaker who was invited to talk at various conferences.

30. Omeed Mehrinfar

Plug and Play Tech is a platform that connects Startups and the world’s largest corporations. Omeed Mehrinfar is the regional director of such an innovative platform that helps the startups, investors, etc connect with each other. Plug and Play Tech work on the main objective to catalyze technological advancement.

31. Osama Al Rahma

Osama Al Rahma is the CEO of the Al Fardan Exchange. Al Fardan Exchange is a well-known exchange center in the UAE. Apart from the Al Fardan Exchange center, he is a board member of certain well-acclaimed companies like Foreign Exchange and Remittance group, 2 the point, who is responsible for the development of strategies.

32. Tim Buckler

Tim Buckler is the Digital Sales Manager in Emirates Islamic Bank. With 9+ years of experience in the field of digital finance, his strategies mainly focus on developing overall e-commerce experiences. He helps in building the digital channel that eventually drives towards the customer and product gain.

33. Preeti Mundhra

Preeti Mundhra the Head of Marketing and Partnerships at the Liv. Digital Bank is one of the best fintech influencers in the UAE through Liv. account which is one of the best initiatives in the fintech space.

34. Shaheen Alkhudhari

The founder and CEO of the well-known rent and property management platform, Ajar Online is Shaheen Alkhudhari. This platform helps homeowners manage their properties by offering a quick online rent collection facility. This makes the process of receiving or sending rent very easy.

35. Khalid Saad

Khalid Saad is the CEO of Bahrain Fintech Bay. Bahrain Fintech Bay is the first fintech hub in Bahrain and largest fintech hub in the MENA region. He is also the Executive Director of Fintech Consortium which helps in growth and acceleration of Fintech ecosystems.

36. Sonny Zulu

Sonny Zulu is the Managing Director and Head of Retail Banking at Standard Chartered Bank. He is known for delivering outstanding performance at work which helped in the growth of profits, revenue, etc.

37. Eric Modave

Eric Modave is the Chief Operating Office in Arab Bank who is in charge of all the IT operations, Enterprise Digital Innovation, data management, etc. for the bank. Prior to the Arab bank, he worked at top-noted banks in other regions.

38. Denit Varghese

Denit Varghese is the Senior Digital Planner at Carat. With long career experience in the field of digital marketing, his motto of looking at the long term success rather than short term returns makes him the best at the industry.

39. Bogdan Maranu

Bogdan Maranu is the Associate Media Director at Spark Foundry. It is a start-up that melds an innovative business approach with resources and capabilities.

40. Omar Bin Brek

Omar Bin Brek is the founder of the UAE Fintech Startup Foloosi. Foloosi facilitates consumer to business payments with advanced technical solutions. This is definitely a good add-on to fintech realm.

Other than these, there are several other influencers who are helping in the growth of Fintech in the Middle East and North Africa(MENA) region.

Source: https://www.mymoneysouq.com/financial-blog/top-40-fintech-influencers-to-follow-in-the-middle-east/

#Payment Gateway In Dubai #Payment Link In Dubai #International Payment Link

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richardananth · 5 years

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Top Fintech influencers to follow in the Middle East

Here’s a list of top Fintech influencers in the Middle East region (not in a specific order)

1. Raja Al Mazrouei

2. Arif Amiri

3. Leigh Flounders

4. Craig Moore

5. Kanchan Kumar

6. Suvo Sarkar

7. Abdul Fahad Al Jouf

8. Mirna Sleiman

9. Sridhar Iyer

10. Moussa Beidas

11. Sagar Sanap

12. Sam Quawasmi

13. Peter Smith

14. Philip King

15. Richard Teng

16. Wai Lum Kwok

17. Promoth Manghat

18. Jayesh Patel

19. Stelios Michaelides

20. Siddiq Farid

21. Tanvir Shah

22. Lynnette Abad

Lynnette is the Director of Research and Data at PropertyFinder group. Having technology and real estate as her professional passions, she’s been working on PropTech for maximum time in her career.

23. Mark Chahwan

24. Mike Cunningham

25. Omar Soudodi

26. Usama Zafar

27. Nameer Khan

Nameer Khan is not only a fintech influencer but also an insurtech. He is a founding board member of MENA Fintech Association which helps in shaping the future of financial services in the UAE.

28. Ola Doudin

29. Omar Rana

30. Omeed Mehrinfar

31. Osama Al Rahma

32. Tim Buckler

33. Preeti Mundhra

34. Shaheen Alkhudhari

35. Khalid Saad

36. Sonny Zulu

37. Eric Modave

38. Denit Varghese

39. Bogdan Maranu

Bogdan Maranu is the Associate Media Director at Spark Foundry. It is a start-up that melds an innovative business approach with resources and capabilities.

40. Omar Bin Brek

Other than these, there are several other influencers who are helping in the growth of Fintech in the Middle East and North Africa(MENA) region.

Source: https://www.mymoneysouq.com/financial-blog/top-40-fintech-influencers-to-follow-in-the-middle-east/

#Payment Gateway in Dubai #Payment Gateway In UAE #Payment Link In Dubai #Merchant Service In UAE

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bedokhomes · 4 years

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How to Buy Property if I Losing my JOB? Vlog#5

Today with all the uncertainties, business owners are struggling, the true fact everybody is struggling especially those in aviation now, people are losing their jobs, they are more stress than anybody else, how can I prepare myself? https://youtu.be/3g0NIl0XLPc

article resources:

1. https://www.businesstimes.com.sg/companies-markets/sia-to-let-staff-take-up-temporary-jobs-outside-group

2. https://www.straitstimes.com/singapore/coronavirus-certis-senior-management-take-pay-cut-to-show-solidarity-with-hard-hit

3. https://www.straitstimes.com/business/invest/property-investment-is-about-choosing-a-home-not-just-a-house

Video narrative based on my opinions 😄

#Covid19 #coronavirus #PropNex #MarcusluahDivision #realestate #singapore #singaporerealestate #sgrealestateproperty #sgrealestate #sghome #sghomes #sgproperty #Condominium #ExecutiveCondo #newlaunches #privatecondo #propertyforsale #propertyfinder #homeowners #propertyagent #realtorlife #realtor #realtors #bedok #bedokhomes

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bestadviceuk · 5 years

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Key Group appoints new non-exec director

Key Group has appointed Gillian Kent as non-executive director.

Kent (pictured) has almost 30 years of marketing, digital and c-suite experience across a broad range of sectors. Most recently this included roles as chief executive of real estate portal Propertyfinder, and as managing director of MSN UK, as part of a 15-year career with Microsoft.

In addition to Key Group, she currently holds…

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zoomaproperties-blog · 6 years

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Opportunity Knocks for Investors: UAE Rental Yields Hold Strong

New property has been published on https://zooma.ae/opportunity-knocks-for-investors-uae-rental-yields-hold-strong/

Opportunity Knocks for Investors: UAE Rental Yields Hold Strong

For investors buying purely for earning income, who are less concerned about growth, the rental yield is the most important factor to consider. The good news is that the UAE has maintained relatively stable yields from June 2017 – June 2018, ranking among the world’s highest yields. In this article we show how Dubai, Abu Dhabi and Northern Emirates compare to other cities around the globe and how rental yields have been impacted throughout the Emirates over the past year.

Rental yields explained

Rental yields are the rental income (the money a tenant pays to the landlord) as a percentage of the property’s value. It is fairly simple to calculate:

Total annual rent divided by the property purchase price (or value) = gross rental yield

Total rent minus property expenses divided by the property purchase price (or value) = net rental yield

The result should be multiplied by 100 for the net rental yield percentage.

Rental yields are determined by a number of factors, according to Lukman Hajje, Chief Commercial Officer of Propertyfinder Group.

Typically, smaller properties produce better rental yields than larger ones. Apartments are better than villas, and studios are better than larger apartments, for example.”

“But also consider location. Newer, emerging communities offer better rental yields than more established communities. Newer cities offer higher rental yields than established cities.

UAE ranks among the world’s highest yields

Rental Yields – Dubai

Incoming supply in Dubai is coming more heavily from emerging communities in the Dubai Land area as well as brand new master communities around Dubai South and is made up of about 80 percent apartments compared to 20 percent villas and townhouses.

Areas such as Sports City, Dubai Investment Park, Dubai Silicon Oasis and Jumeirah Village Triangle saw some minor declines due to a larger amount of supply coming in. However, areas with strong demand like Business Bay, Dubai Marina, Downtown Dubai, and Palm Jumeirah are consistently in demand and have therefore maintained stable rental yields. Other areas that are more affordable or are in high demand are Jumeirah Village Circle, International City, Sports City, and Motor City.

See what other communities have held both rental yield and prices over time.

Rental yields – Abu Dhabi & Northern Emirates

Similarly to Dubai, minor declines in Abu Dhabi rental yields can be attributed to increased supply. Nonetheless, rental yields have also remained relatively stable in the capital.

Supply is not introduced in the Northern Emirates at anything near the rate of Dubai or Abu Dhabi of course, so yields there fluctuate based on rental demand. Demand in RAK has been consistent as a result of the free zones that are being established. On the other hand, Al Naemiyah in Ajman saw a two percent increase in rental yields from 2017 to 2018. This can be attributed to an increase in rental demand there as Sharjah becomes crowded. There are also a number of new projects coming to Ajman, increasing its attractiveness.

If you are ready to buy an investment property, now is the time. High rental yields, dropping property prices, longer residency visas, and the option to stay in the UAE post-retirement are all working in your favour. Not only is the government working to incentivize investments, but the UAE ranks among the top rental yields in the world.

For the latest prices and rental yields check out our House prices tool.

This article was originally published in Property Finder Trends, Vol 4. Click here to read the full report online or download the PDF.

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dandbdubai-blog · 6 years

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Invest in off Plan Properties

Lease-to-personal schemes are emerging as a viable different for aspiring property house owners who won't in any other case have the down payment wanted to buy a home in Dubai. The lease paid on a home underneath such a scheme shall be transformed as fairness in the direction of shopping for the home.

It's a win-win for both events concerned since developers get to sell their present prepared-to-transfer-in stock while finish-customers can afford to purchase where they couldn't before resulting from lack of down payment funds.

"As we speak, around 70 per cent of expats rent, many as a consequence of lack of a down cost to buy a property or uncertainty on how lengthy they plan on staying in Dubai. To purchase a mortgaged property that's lower than Dh5 million, as an illustration, one would want to have 25 per cent of the property worth plus approximately eight per cent in charges," says Lynnette Abad, director of data and research at Propertyfinder Group.

Nonetheless, the scheme has not gone mainstream as yet in Dubai real estate.

"A developer's monetary circumstance and danger urge for food will play a key part of their determination on whether or not they provide a lease-to-own scheme. A lease-to-personal scheme may be profitable as it probably brings a pool of more patrons as it's also possible to market to tenants who hope to purchase in the future. In addition, you can charge the next worth as you're offering renters a possibility that they'd not normally have and subsequently they would be prepared to pay for it. Nevertheless, some builders might not see it as lucrative due to it being 'gradual money' as you get partial funds as an alternative of a lump sum and there are larger risks of defaults because the renter won't pay through the period and therefore the developer must begin all over again and find a new purchaser," says Abdul Kadir Faizal, co-founder, Sensible Crowd, a digital crowdfunding platform for real estate.

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Also, developers typically choose to sell off-plan property and prepared properties are inclined to make up less of a developer portfolio, although that's changing.

"It's much cleaner to just sell the unit quite than having ongoing involvement. If there are points with the property, for instance, while it is underneath rental, then they presumably nonetheless must resolve them. What if the buyer loses their job and might no longer afford to buy down the road, what happens then? Is there an easy method to dissolve the contract or would there be a doubtlessly prolonged D&B Properties Dubai authorized course of? What if the market drops in this time?," observes Lewis Allsopp, CEO, Allsopp & Allsopp.

The developer that launches a hire-to-own scheme has to get regulatory approval and will not receive the full fee from any sale of a property till after a determined period of time, explains Mario Volpi, gross sales and leasing manager, Engel & Volkers.

Rent-to-own offers are being seen in locations where there are many small developers resembling Al Furjan, Jumeirah Village Circle, Sports activities City and Dubai Investment Park as there is much more competitors in these locations and every developer has to tell apart itself from competitors. It's proof that builders are willing to get creative to occupy their units.

"Now, we've seen distinguished developers akin to Nakheel and Emaar using RTO-like schemes to potentially convey an even bigger pool of UAE residents into the property market," reckons Faizal.

Most often, the hire is a little bit greater than the identical property not on a rent-to-personal scheme. Nevertheless, the higher hire is justified as this quantity is put in direction of the down payment and buy of the property. Moreover, the developer is actually offering the tenant an extended payment plan and the next premium would justify this rather than promoting it directly to a cash/finance buyer.

"The lease would be increased for such a scheme since we now have to consider the danger that a vendor is uncovered to in case of a default from the tenant. On the identical time, the tenant will have the ability to avoid utilizing a bank within the transaction, which can save him the interest rate," Cornelia Pintilie, undertaking director for Business Bay and Downtown at Fam Properties, points out.

"The primary reason for this is to raise sufficient of the required deposit quantity to ensure that the client to then get finance. Additionally it is a cushion for the developer that if the client doesn't take up the choice to purchase, there is a small compensation for the developer," provides Volpi.

In lease-to-own schemes, the timeframe for renting a property before proudly owning it sometimes ranges from two to 10 years.

Those opting for RTO schemes must watch out for all the terms and situations within the contract. "Who is accountable for the property in the time it is leased? Are there any exit clauses if there's a job loss? Can the property be offered if needed while the hire-to-buy scheme is in place? What if one thing happens with the banks, which stops you from being able to get a mortgage?" cites Allsopp.

Buyers have to make sure that they maintain the selection of going forward or not on the finish of the rental term with no penalty in the event that they resolve not to purchase, warns Volpi.

"There are numerous factors patrons have to consider such as the title deed ownership in the course of the hire-to-own contract, mortgage balance from sellers' facet, service fees of the property and how variable these are," provides Cornelia.

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lmortgages158 · 7 years

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Dubai renters started to buy in 2017

The last 12 months have Dubai residents switch their rental contracts for mortgages, according to a new report from Propertyfinder Group. Attracted by improved affordability in a real estate market that has consolidated over the last two years, as well as more generous payment plans from developers, ...

#Google Alert - Mortgages

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propvestintl · 7 years

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Shop for rent in Dubai Mall Presents Dubai renters started to buy in 2017

By Eddie Taylor, Arabian Business.

Statistics from Propertyfinder Group suggest Dubai residents moved from renting to buying last year.

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Shop for rent in Dubai Mall: Highest Availability & Flexibility. For more information: https://buff.ly/2miFGhF

The last 12 months have Dubai residents switch their rental contracts for mortgages, according to a new report from Propertyfinder Group.

Attracted by improved affordability in a real estate market that has consolidated over the last two years, as well as more generous payment plans from developers, residents have decided in increasing numbers to snap up properties in the likes of Jumeirah Village Circle, Dubai Land and Al Barsha.

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Such is the popularity of places of Jumeirah Village Circle in 2017 that it was one of the few districts in Dubai that experienced a rise in asking prices, with a 4 percent uptick over the previous year. Propertyfinder also reported a doubling of the number of viewings and enquiries in the area. It still, however, remains one of Dubai’s most affordable villa communities, with prices remaining around AED758 per square foot.

Dubai Land, which has experienced a surge in villa completions in 2017, helped the area enjoy a high rate of handovers as 2,500 units were brought to market. It also remains the second-best value prices for villas, with prices remaining about the AED845 per square foot mark.

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“Long-term residents are taking advantage, snapping up good deals, planting roots, and swapping their rent cheques for a mortgage,” says Lukman Hajje, chief commercial officer of Propertyfinder Group.

“Few global cities offer the opportunity to buy a well-built four bedroom free-standing villa in prime location on a decent sized block for under $1.2 million. Try doing that in London, Sydney, New York, Paris, or Geneva. Good luck.”

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According to chartered surveyors Cavendish Maxwell, residential property transaction prices have traded within a close range of AED1.25 million-AED1.5 million for apartments and AED1.7 million-AED2.1 million for villas.

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Shop for rent in Dubai Mall Presents Dubai renters started to buy in 2017 syndicated from Shop for Rent in Dubai Mall

Shop for rent in Dubai Mall Presents Dubai renters started to buy in 2017 published first on Shop for Rent in Dubai Mall

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latestdubainews · 7 years

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DubaiCityGuide.com: News Feed Propertyfinder Group, the leading property portal in the MENA region for more than a decade, bought 16.95 per cent of Zingat, the fastest growing property and information marketing platform in Turkey. [Wired by: DubaiCityGuide.com - A Cyber Gear Company] http://ift.tt/2eCR4lo www.madinamovers.com #dubaimovers

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richardananth · 5 years

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Top 40 Fintech influencers to follow in the Middle East

Here’s a list of top Fintech influencers in the Middle East region (not in a specific order)

1. Raja Al Mazrouei

2. Arif Amiri

3. Leigh Flounders

4. Craig Moore

5. Kanchan Kumar

6. Suvo Sarkar

7. Abdul Fahad Al Jouf

8. Mirna Sleiman

9. Sridhar Iyer

10. Moussa Beidas

11. Sagar Sanap

12. Sam Quawasmi

13. Peter Smith

14. Philip King

15. Richard Teng

16. Wai Lum Kwok

17. Promoth Manghat

18. Jayesh Patel

19. Stelios Michaelides

20. Siddiq Farid

21. Tanvir Shah

22. Lynnette Abad

Lynnette is the Director of Research and Data at PropertyFinder group. Having technology and real estate as her professional passions, she’s been working on PropTech for maximum time in her career.

23. Mark Chahwan

24. Mike Cunningham

25. Omar Soudodi

26. Usama Zafar

27. Nameer Khan

Nameer Khan is not only a fintech influencer but also an insurtech. He is a founding board member of MENA Fintech Association which helps in shaping the future of financial services in the UAE.

28. Ola Doudin

29. Omar Rana

30. Omeed Mehrinfar

31. Osama Al Rahma

32. Tim Buckler

33. Preeti Mundhra

34. Shaheen Alkhudhari

35. Khalid Saad

36. Sonny Zulu

37. Eric Modave

38. Denit Varghese

39. Bogdan Maranu

Bogdan Maranu is the Associate Media Director at Spark Foundry. It is a start-up that melds an innovative business approach with resources and capabilities.

40. Omar Bin Brek

Other than these, there are several other influencers who are helping in the growth of Fintech in the Middle East and North Africa(MENA) region.

Source:

https://www.mymoneysouq.com/financial-blog/top-40-fintech-influencers-to-follow-in-the-middle-east/

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