A Brief History About The Owner Of DAMAC

Today, the JWS, together with the mission of the municipality, is actively involved in the further development and extension of the DAMAC property, is also involved in the implementation of the municipality. The national and graduate of the University of Washington DC, the founder and president of one of the biggest and fastest growing developers in Dubai. In addition to the luxurious development of the property, DAMAC owner Hussain Sajwani is also very devoted to social and educational charitable missions, such as the Hussain Sajwani – DAMAC Foundation.

In addition to being the Chief Finance Officer of the Group, Mr. Taqi is at the forefront of the management of all DAMAC real estate investments. At present, Taqi is on the plate of some high-profile private and public businesses in the men’s area, such as Al Anwar ceramic tile and the co-operative service co-founded by the priest.

Al Khatib is now on the verge of a series of private and public businesses in the MENA, such as the corporation of Al Anwar ceramic materials and Al Jazyvan service co-op, and is the president of the limited SAK investment.

In 2002, the Hussain Sajwani had a chance and started the DAMAC property, which is currently the biggest property in the Middle East. Sajwani’s real estate expertise in all aspects of real estate development from: development to sale, marketing, financing, and management have been the most important drivers of the success of DAMAC property. Hussain Sajwani also venture into the company of increasing the value of shareholders and proper management practice by Al Jazeira service, the company on the Market for Muscat Securities.

Although DAMAC property is mainly the property and run by the city center of the city, the company is mentioned in the double trade. DAMAC Properties is a public joint company that deals with the name of the Market in Dubai and the London Stock Exchange. DAMAC Properties is probably one of the best luxurious property companies in the world, both in the world and in the center. DAMAC owner Hussain Sajwani has been at the forefront of the world’s most dynamic businesses, with regard to the revenue since 2013.

Learn more here: https://www.albayan.ae/economy/capital-markets/2018-08-15-1.3336069

New York Real Estate as Told by Town Residential

As reported in Virtual Strategy Magazine, TOWN Residential has released The Aggregate, which summarizes the state of the New York City real estate market for that quarter. 2015 closed with a continuation of sluggish sales. In recent years, average sale prices for Manhattan have risen by 5.2%, reaching a sticker price of $1,976,660. Median prices in the borough rose as well, by as much as 16%, climbing above the previous year to reach $1,150,000.

Founder and CEO of TOWN Residential, Andrew Heiberger broke down the numbers with some common sense perspective. He stated that while new development is attracting more buyers than older properties, the increase in price has been lifted thanks to buyers acquiring prized properties during the autumn lull. This, however, isn’t expected to continue on into 2016. Sellers have stabilized their price expectations away from the peak at the end of last year, back to the soft numbers typically seen between late summer and early autumn.

Wendy Maitland, TOWN’s President of Sales, was quick to point out that there are still sales taking place that are priced at higher values than normal, contributing to percentage gains. However, were one to look at the thousands of units for sale, including townhouses, condos and co-ops, they’d find that the inventory, at present, suggests a balanced market which provides buyers with a more fair environment in which to find their property.

Should this trend of a calming market holds for the 2016 buying year, more agency is lent to buyers looking for property rather than leaving them out of certain areas of the city do to inflated prices. However, the high prices in the recent past has made for cautious buyers, reluctant to enter the market, which, ironically, contributed to rising prices. Thanks to an abundance of information available to all through the Internet, buyers can feel empowered and knowledgeable about the market, which may make them apprehensive all over again.

This issue of The Aggregate is compiled from sales across asset classes from October until the end of 2015. These sales are from the Manhattan markets, as reported to the New York City Department of Finance.