Landmark Properties Launch New Online Calculators to Assist Prospective Buyers |
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Expert panel explains how new suite of tools will help home buyers and investors precisely calculate budget costs and potential returns Dubai, UAE - June 10, 2009: Responding to the changing needs of prospective home buyers and investors in the Middle East market, Landmark PropertiesLandmark Properties
today hosted a special panel discussion to announce a set of new online calculators designed to help create scenarios that answer many questions arising today regarding real estate needs. Questions include the mortgages they can afford, whether to rent or buy a home, and potential returns on investment on properties available in the UAE. Headed by Charles Neil, Chief Financial Officer, Landmark PropertiesLandmark Properties, the panel demonstrated how the new suite of tools - including a 'Rent vs. Buying Calculator' and 'Buy-to-Let' Calculator - empower clients with the tools to gain a deeper understanding of the real estate market and feel comfortable with any property decision they may choose to make. By creating various buying scenarios, clients can see for themselves, which opportunity may suit their needs best.
"Potential home buyers and investors in the Middle East presently have access to property opportunities, but until now, there has not been enough information readily available for these buyers to make a more informed decision prior to purchasing," explained Neil. "Landmark PropertiesLandmark Properties' new online calculators feature an easy-to-use system that give the tools directly to the buyers to work out what kind of home they can afford based on their monthly budget and create various scenarios to decide whether now is the right time to invest."
Having developed the software for the new calculators in-house and trained the company's team of consultants extensively on how to use them, Neil continued, "Landmark PropertiesLandmark Properties is investing in both the market and also our staff at a time that the industry is undergoing a corrective change. We want our clients to feel 100% comfortable with any purchase they transact with us, and we felt that by offering them these new media tools, they are in a stronger position to decide if the opportunity is in their best interest. Traditional real estate practices are not enough in this market --- clients need access to greater market intelligence and we have enabled our consultants to provide more informed and scientific insight to them."
In addition to having a traditional mortgage calculator publicly available on its website, Landmark PropertiesLandmark Properties has also created a reverse version which enables users to input their own monthly budget and calculate what price of home they can afford based on mortgage payments, terms and interest rates.
A second set of more complex online calculators are available through a meeting with any Property Consultant at Landmark PropertiesLandmark Properties who underwent rigorous training on the use and outcomes of the calculators. Prospective buyers are guided through the different calculators to understand the analysis on whether to rent or buy a home, as well as a forecasted return on investment (ROI) for a 'buy-to-let' flat or villa. Designed for investors whose strategy is to generate revenue by renting their property, the 'buy-to-let' calculator will also show clients the effects on ROI by purchase price fluctuations over time.
-Ends-
About Landmark Properties
Landmark PropertiesLandmark Properties (LM) is jointly owned by a unique and dynamic group of experienced entrepreneurs with diverse backgrounds in investment banking, real estate development, marketing and Media Production. The company recently formed a strategic alliance with Amlak Finance.
Landmark PropertiesLandmark Properties was created with one goal in mind: to strive to present a standard of real estate services yet to be offered in Dubai through our unsurpassed customer service and state of the art technology. LM boasts a multi-national group of Sales Executives, experienced within their specific fields, providing concentrated attention to individual sectors of the business.
Landmark PropertiesLandmark Properties offer a professional, efficient service, dealing with all aspects of real estate and catering to the needs of both the individual and corporate client, specializing in:
- Residential Leasing
- Commercial leasing
- Freehold Property Sales
- Local(GCC) Property Sales
- Exclusive Project Marketing
- Investments
- Property Management
- International Sales
For further information, kindly contact:
Landmark Properties
Name: Yasmeen Seif
Email: yasmeen@landmark-dubai.com
Telephone: +971-04-331 6161
The Portsmouth Group
Rachel Watts or Ibrahim Asran
rachel.watts@theportsmouthgroup.comm
ibrahim.asran@theportsmouthgroup.com
+971-4-369 3575
© Press Release 2009
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