Nigerian investors have been challenged to take advantage of the booming property business in Dubai, United Arab Emirates (UAE), by staking their resources in the sector because of the enormous returns.
The appeal was made by the chief executive officer (CEO) of Lifecard International, Mrs Grace Ofure Ibhakhomu, who charged wealthy Nigerians to invest in properties in Dubai, stressing that several benefits await them.
Mrs Lbhakhomu, an African consultant on Global Real Estate, spoke on Sunday in Lagos at the inaugural cocktail reception organised by Lifecard in partnership with Azizi Developments, a leading Dubai real estate firm.
In a press statement made available to LEADERSHIP in Abuja, she said apart from Dubai being a haven for the property sector, investing in the oil-rich city attracts huge returns on investments.
The firm’s chief said partnering with Azizi Developments offers quality services at cheaper rates than other companies.
Ibhakhomu added that there is also the advantage of an investor getting the 10-year Golden Visa when his or her property investment threshold hits $550,000
For his part, Saad Khaled, the regional director of Azizi Developments, said his firm, which was established in Dubai in 2008, has remained a major player in the property sector, having delivered over 40 high-profile projects.
He said the firm leveraged its partnership with Lifecard to explore the huge Nigerian market.
Khaled said investment in Dubai meant a secure future for such investors, as they would earn funds in dollars instead of fluctuating currencies.
In her keynote address, the co-founder and deputy managing director of Falcon Corporation, Mrs Audrey Joe-Ezigbo, stressed the need to secure the future by investing in the offshore real estate sector in stable currencies such as the dollar, which ensures generational wealth creation.
In her remarks, the sales director of Azizi Developments, Mrs Ngozi Franca Onuneyere, amplified the gains of investing in properties in Dubai, stressing that the firm carries out due diligence, documentation, and seamless visa procurement for would-be investors.
