Prices at Carmel Gate development start from AED3.3 million for a two-bedroom apartment

Dubai, UAE, June 19th, 2013

Carmel Gate, a prestigious development in North West London has attracted a lot of interest from Middle East investors wanting to diversify their property portfolios in other mature markets. This development, a converted monastery has appealed to Middle Eastern investors looking for a London base and for suitable homes to rent out to the local London market.  Prices start from AED3.3 million for a two-bedroom apartment.

London is a global city attracting people from around the world due to its cosmopolitan feel and endless cultural and leisure experiences. Despite global economic uncertainty and political unrest, London offers a stable economy and safe environment with a universal language and mature property market. With an accessible global transport hub, it is also the world's leading financial centre.  

Karen Morris from Glentree Estates New Homes comments, "At the moment London is topping the list for international investors due to the fall in the value of the sterling, as buyers flock to get a bargain. This has driven up property prices, which are currently at their highest level, which in turn has driven up rental demand. There has been no better time than now for international investors to buy in London. Interest has been so high recently at Carmel Gate especially with investors from The Middle East and Africa we have sold 60 per cent to these countries alone."

Carmel Gate is a collection of exclusive apartments and villas, set within gated grounds in the prime residential area of Temple Fortune, North West London. Situated in a discreet location, on the site of the historic Carmelite Monastery, which dates back to 1906, the development features both conversion and new build homes, offering many original features with contemporary specification and finishes. No expense has been spared by developer Berkeley, who has created a selection of stunning homes, offering luxury living on a grand scale.

Set to become North West London's most desirable new development, Carmel Gate is ideally located close to a range of excellent schools, shops, parks and transport links, and provides both privacy and high security with a gated entrance, off-street parking, concierge, video entry system and CCTV throughout. Successfully blending old and new, the distinctive architecture and period features of this stunning building have been sensitively converted and skilfully combined with contemporary interiors to create an exceptional and luxurious place to live.

A recent survey by Savills confirms that the percentage of international buyers in London's best areas rose from 27 per cent in 2007 to 34 per cent now. For new developments, the percentage of foreign buyers shoots up to two in three. While a survey by Nationwide found that half of all residents in prime London areas like Kensington & Chelsea were born outside the UK and two-thirds of properties it sold since March last year were bought by non-British buyers.

Karen continues: "Carmel Gate has appealed to Middle East investors due its prime location, superior build, and its gated, secure surroundings - all important factors for international buyers wanting to 'lock up and leave' knowing their home is safe. As it is a converted monastery, every home is different offering unique and quirky living accommodation with high internal contemporary specification and finishes."

The development provides a wide range of luxury accommodation including 22 two and three-bedroom apartments, three, three-bedroom courtyard mews houses, two two-bedroom cottages, the original gatekeeper's house which has been converted into a deluxe two-bedroom home and five premium detached seven-bedroom new build villas located to the rear of the development each featuring private, landscaped gardens.

Offering the best in London Living, Carmel Gate is situated in an established North London borough renowned for its stylish shopping, open green spaces and excellent schools yet only five miles from Central London and just 35 minutes away from Heathrow.  

For further information visit www.carmelgate.com or contact Sole Agents Glentree New Homes on 0208 731 9500 or visit newhomes@glentree.com.

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For further information please contact:
Prem A. Ramachandran
Managing Director
White Water Public Relations
GSM:0097150-4537253
Email: prem@whitewaterpr.com            
PO. Box 18936, Dubai, UAE 
www.whitewaterpr.com

© Press Release 2013