Mahmood identifies the area as prime investment opportunity
Dubai: MiNC Property Enterprises, the Dubai-based London property wealth consultants, has announced its latest development, The Grain Store, situated on Royal Victoria Dock in the London Docklands.
Located within minutes of the city's business and conference district of Canary Wharf, MiNC is offering one, two and three bedroom luxury apartments in the heart of London's ExCel exhibition campus. Prices start at 230,000 (approximately Dhs 1,541,000).
According to company director Haroon Mahmood, the latest development offers excellent accommodation in a fast-growing area of the city. As a result, Mahmood states that the area offers prime buy-to-let investment opportunities.
He said: "Our main market is the buy-to-let sector, and properties in the London Docklands, such as The Grain Store, are performing very well in the rental market. They have excellent transport links to the centre of the city and are more reasonably priced than much of the capital.
"For more than 20 years, the London Docklands has undergone a metamorphosis with sustainable, progressive regeneration, matched by a fast-growing business environment.
"As a result, the area is now London's most vibrant hub for international commerce and the top destination for the shrewd investor."
Mahmood highlighted the historical appeal of The Grain Store, pointing out that the sympathetic building conversion has retained the property's character and original faade while bringing it up to date with modern interiors and fittings.
For the first two years, MiNC will guarantee rental returns of 6 per cent of the purchase price per year; in addition, the company will pay the legal charges for the purchase of any new apartments in the property.
MiNC has premiered 16 UK developments to UAE buyers in the last two years, and the company is trading at a level of more than 100million per annum.
The group has a wide portfolio of London property and the company's services include residential investment, investment portfolio development, independent mortgage/remortgage assistance, lettings and furnishing/interior design.
MiNC is also selling a selection of Dubai properties off plan, including units from each of the major freehold developments such as Palm Island and others in EMAAR, Nakheel and Esthitmaar developments.
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EDITOR'S NOTES:
Headquartered in the London Docklands area, MiNC Property Enterprises has more than 26 of years experience in the London property market. A key factor of MiNC's success as property wealth management consultants is the provision of a portfolio of London residential investment property that provides an intelligent investment opportunity, with a focus on delivering high capital growth.
This mirrors the company's own high-growth strategy, which saw their initial capital in the London Docklands area increase more than 20-fold in a 5-year period. Meanwhile, MiNC's tendency to have a joint-venture stake in new developments means cost savings are immediately passed on to potential investors. Additionally, MiNC's turnkey service gives access to ready mortgage facilities often affording the buyer a low capital outlay.
In Dubai, MiNC runs a permanent exhibition centre showcasing London properties on level 25, Emirates Towers' office complex.
MiNC can be contacted
tel: +971 4 3300334
email info@mincproperty.ae
or by visiting the website www.mincproperty.com
For further information:
Kirstie Hepburn / Fiona Swaffield
Strategic Solutions for MiNC Property Enterprises
Tel: +971 4 3915390
Fax: +971 4 3672527
Email: media@strategicsolutionsonline.com
© Press Release 2005
