Projects

High Demand on German Real Estate Market

INVEST_The 1st Real Estate Investment Meeting of Engel & Völkers took place at the Sheraton hotel in Doha, at Monday June 29th. The conference focused on prime residential buildings in Germany and was set up to introduce local individuals and investment companies to the German housing market.
Therefore, Engel & Völkers invited Mr. Frank Simon, Chairman of Trend Capital – a Germany based international investment group, Mr. Thomas Fischer of Beiten Burkhardt – an international law firm and Mr. Martin Loetzer – a representative of the German Embassy, to attend the event as Guest speakers and provide insider ‘Know-How’ about real estate investment in Germany, as well as preferred transaction structures and legal procedures. Mr. Alexander Hartmann, Investment Advisor at Engel & Völkers in Doha provided an inside view on the German real estate market specifically focusing on the housing sector.
According to several studies, the German housing market still provides positive cash-flow development and increase in rents and prices. Despite the financial crisis, the residential real estate markets in the major cities of Germany are performing very well, and international investors are looking forward to increasing their investments in the market this year. This is reflected in the increasing amount of concluded transactions since the beginning of 2009. A special focus at the event was given on tax issues and visa applications. Most of the participants were private investors looking for a unique investment with stabilized income on a long term basis, and representatives of local and international investment companies.
“We create the best business connections, allowing you to make the best business decisions.”  Christof Birkhofer, Managing Director of Engel & Völkers Qatar said. “With a unique position in the complex commercial and residential property market, our network is ready to work to your advantage, especially in the crisis. When it comes to seeking advice on your property decisions, we can provide you with the right advice” he added.
Trend Capital a German investment fund, explained why they have split their real estate investments between the UAE, Qatar, India and Germany. “Especially in Germany, we have started to structure secured investment portfolios”, Mr. Frank Simon told the audience. “The stable market and the low interest rates are the perfect environment.”
The Qatar market has a high future potential, that being the primary reason for Trend Capital to invest. They recently purchased over 60 apartments on The Pearl.
These investments are not comparable to what was shown at the event. The properties shown by Engel &Völkers were small apartment buildings in Munich, Berlin or Hamburg starting from QR 5,000,000. The properties were offered with up to 65% financing for non-Germans and an interest rate of approx. 4%.  Fully rented for years with returns between 5%-10%, it sounded like a bond. The crisis and the new styles of investment thinking may be the drivers behind the world wide demand for the investments presented at the meeting.
“With this, the first of our regular Investment Meetings, we look forward to providing our clients with a regular meeting place for discussion with us and our guests, as well as for gathering new information on upcoming trends in the real estate sector,” Mr. Birkhofer explained at the end of the meeting.

bowlingcupBilfinger Berger won the 3rd German Bowling Cup
The third German Bowling Cup was held at the Qatar Bowling Center, on Thursday 19th February. 64 German speaking players from 16 local company teams, played 3 rounds to gain victory.  At the end the team of Bilfinger Berger took the trophy from the Deutsche Bahn, who won at the second German Bowling Cup. This time the best player was Mr. Paul from Siemens, followed by Mr. Scheuermann from the German embassy.
The event for German companies is held 4 times a year by Engel & Völkers, the largest German real estate company globally. The next German Bowling Cup will take place in May 2009.
Untitled-21The Pearl-Qatar’s Imperial Towers open for booking!
Each of the five towers has its own design theme inspired by one of the world’s continents, ensuring that each is distinctively different from the others.

The company also announced a never-before-seen payment scheme that allows buyers to pay only 10% of the value while booking and another 10% six months down, with the remaining 80% to be paid only when the keys are handed over to buyers in 2010.

The scheme will be available through both appointed sales agents of the Imperial Towers, Asteco and Engel & Völkers.

With 360-degree sea views, globally inspired design and a Riviera lifestyle that resonates with people’s innermost desires for self-expression, relaxation and fun, the Imperial Towers have truly been designed for living.

The Imperial Towers, Ruby (inspired by Asia), Diamond (inspired by Africa), Emerald (inspired by the Americas), Amber (Inspired by Europe) and Opal (inspired by Oceania) will give buyers the perfect chance to pick their own lifestyle and satisfy their own unique aspirations through the design of their choice.

Durat Al Doha is a joint venture by a handful of strong corporate and private investors. The company was created with the vision of developing the most beautiful, elegant and sophisticated homes in Qatar.

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