The First Group Showcases Unparalleled Opportunities in Dubai’s Booming Property Sector to Chinese Investors
March 26 2017 - 10:54AM
Business Wire
Leading developer set to support awareness of
surging interest in Dubai’s property market by exhibiting at this
week’s Dubai Property Show in Shanghai
Leading developer The First Group is showcasing the unrivalled
opportunities in Dubai’s property market to Chinese investors at
this week’s Dubai Property Show in Shanghai.
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H.E. Majida Ali Rashid (Assistant
Director General, Dubai Land Department), Mr. Rob Burns (COO, The
First Group) (Photo: ME NewsWire)
The British-owned firm, which is one of Dubai’s most respected
international hotel & property developers, is presenting its
portfolio of more than a dozen existing and up-and-coming UAE-based
properties at the event.
Best known for its collection of highly popular aparthotels in
Dubai, The First Group has more recently forged a successful path
developing landmark, upscale hotels in the emirate.
The First Group currently has four hotel properties under
development in Dubai, which will be managed by world-class
operators and corporate partners Wyndham Hotel Group and Millennium
& Copthorne Hotels.
Millennium Place Business Bay, Millennium Place JVT Dubai,
Ramada Plaza JVC and The One Dubai Marina, all of which are
scheduled to open before 2020, will expand The First Group’s hotel
portfolio to five properties. The firm’s first hotel, Wyndham Dubai
Marina, opened in February 2016. These forthcoming additions
have already attracted considerable international acclaim for their
cutting-edge approach to architectural design. Ramada Plaza JVC was
named ‘Hotel of the Future’ at the highly respected id Design
Awards 2016 and also picked up the trophy for Leisure and
Hospitality Project of the Year at last year’s Middle East
Architect Awards.
Now, marking a major milestone for The First Group’s growing
presence in China, Millennium Place JVT Dubai last night received
the prestigious Best New Design & Construction 2016 at a
glittering UC Forward Gala Ceremony held at Shanghai International
Trade Centre. UC Forward is a real estate sales and marketing
consultancy and an exclusive partner of Fang.com,
China’s largest online property portal with a 70 percent market
share. With more than 34 million active members and 9 million
unique users each month, Fang.com is the world’s
most popular real estate website.
A high-profile addition to Dubai’s famous skyline, the 34-storey
Millennium Place JVT Dubai will bring 579 new rooms to Dubai’s
inventory when it opens in 2019, just in time for Expo 2020
Dubai. The UC Forward award is the second honour bestowed on
Millennium Place JVT Dubai in recent months with the property also
receiving the Highly Commended Award in the ‘Best New Hotel Design
& Construction’ category at the 2016-17 Africa & Arabia
Property Awards.
Just as The First Group is intent on expanding its presence in
China, the company has moved quickly to capitalise on emerging
market interest in Dubai’s property sector, opening offices in 10
countries including India, Russia and Turkey. “Its rapid
international expansion mirrors Dubai’s growing reputation as a
global property investment hotspot,”- said Rob Burns, The First
Group COO. “While established property investment markets are
stagnating, Dubai continues to offer international investors
significant opportunities,” he continued. Burns noted that
Chinese investment in Dubai has grown substantially in the past
decade.
“There are more than 4,000 Chinese firms operating in Dubai and
the country now ranks as the emirate’s largest trading partner,” he
said. “Chinese investment in Dubai property is at an all-time
high of AED1.6 billion ($430 million), and the country’s expat
population in the emirate has grown by more than 50 percent in the
past five years. China is shaping up as arguably the most important
source market for investment in Dubai in the coming
decade.” Burns noted that Dubai remains a stable and dynamic
investment market that offers investors consistent
returns. “This factor, combined with Dubai’s world-class
property regulations that safeguard investors; the standard of
living on offer; its unrivalled infrastructure and growing
reputation as a global tourism and business hub, make the emirate
the perfect destination for Chinese investors.”
In addition to lucrative property investment opportunities, The
First Group provides investors access to a host of benefits in
conjunction with internationally renowned partners such as Emirates
Skywards and Jumeirah Group. Owner rewards include free Dubai
holidays, access to a travel concierge service, and premium
membership of Jumeirah Group and Emirates loyalty programmes. In
addition, investors in property through The First Group can benefit
from locally tax-free returns, investment property credit
and cash rewards for referrals.
About The First Group
The First Group is a British-owned international hotel &
property development company, whose principals have built up their
expertise and success in the global market over the last 30 years.
The First Group management team draws from strong and diverse
backgrounds in the fields of global property, finance, acquisition,
marketing and product development. Its expert eye for emerging
property market potential and prestigious partnerships with
industry leaders means that their clients can enjoy secure and
attractive returns from one of the world’s most vibrant hotel
markets. With its headquarters in Dubai and global presence
spanning Algeria, Azerbaijan, Ghana, India, Kazakhstan, Nigeria,
Oman, Russia, Saudi Arabia and Turkey, The First Group’s client
base is expanding rapidly. For more details
visit www.thefirstgroup.com.
About UC Forward
UC Forward is a real estate marketing consultancy with a focus
on promoting the Dubai property market to Chinese investors through
multiple channels. UC Forward has the exclusive rights to operate
and market Dubai property with the #1 real estate web platform in
China, Fang.com. It provides services to property
developers and agents who share its vision of growing the interest
of Chinese investors in the Dubai property market. With its
tremendous reach to Chinese affluent and clientele, UC Forward
continue to be the best and most professional platform connecting
the UAE with China. For more details
visit Dubai.fang.com or register
at www.amazingdraw.com
*Source: ME NewsWire
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version on businesswire.com: http://www.businesswire.com/news/home/20170326005058/en/
THE FIRST GROUPEve Humphreys,
+971-4-438-7458Director of Brand & Marketing
CommunicationsEve.Humphreys@thefirstgroup.com