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29th October 2007
Imagine Homes Expands Presence in Middle East
Imagine Homes, the UK’s buy-to-let specialist is expanding its presence in the Middle East with a new office and increased staff to cater for a growing demand in UK buy-to-let properties from Middle Eastern investors.
The new Imagine Homes office, which will open this week is situated in the heart of Dubai’s business hub on Sheikh Zayed Road. It will comprise state of the art meeting rooms and a client lounge with cutting-edge presentation and conferencing facilities over an impressive 11,000 square feet.
Grant Bovey, CEO of Imagine Homes is delighted with the greater demand for the company’s tailored service in the Middle East. "The rapid expansion in the Middle East has created a demand for more sophisticated investment opportunities with greater returns. Imagine Homes offers its Middle Eastern and international clients the same worry-free approach it provides its UK investors, but with the added benefit of expert local knowledge and sales experience." comments Grant Bovey.
The Imagine Homes Dubai office will be run by Faez Ajjan, who joined Imagine Homes as Managing Director Dubai in April of this year. Faez Ajjan and the twenty-two personnel at the Dubai office will be responsible for expanding Imagine Homes’ activity in the Middle East.
Faez Ajjan comments, "Imagine Homes offer the perfect solution to overseas investors looking to invest in UK property. The hassle-free service is extremely popular with investors in Dubai who value purchasing properties off-plan without having to visit the development. Imagine Homes only select new build properties for their high rental yields and capital growth potential. Imagine Homes furnish the property, find the tenant and manage the property and guarantee the customer a unique rental income of 7.5% of the purchase price per year for two years.
We are delighted to be expanding our operations in Dubai and expect continued good returns with a projected turnover of £100 million for the 2007-2008 financial year. Imagine Homes’ growing international markets including the Middle East are likely to account for a substantial part of the Group’s overall growth to £1 billion over the next few years."
Imagine Homes head office is based in Farnborough, Hampshire, UK
For more information about Imagine Homes and their portfolio of properties, please visit www.imaginehomes.co.uk