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Mumbai Extravaganza offered a unique platform for international real estate institutions as well as developers to launch and promote new products. Apart from high net worth individuals, the high life show also attracted professional advisors such as lawyers, bankers, brokers, top management and decision makers of Mumbai´s leading corporations, successful entrepreneurs and celebrities.

Mohamed Binbrek, CEO of Dubai Properties, said: “We were pleased with our presence at Mumbai Extravaganza. The event gave us an opportunity to present investors with instant information on the latest developments from Dubai Properties, as well as introduce our latest project launches to a new market.

“Indian nationals are amongst the top investors within the booming real estate market in Dubai. The geographical proximity of India makes it an increasingly attractive sector for property developers in the UAE to contemplate. India itself is an emerging and credible market that boasts many international conglomerates and high-net worth investors with whom we are keen to meet and conduct business with.”

In 2007, Indian Nationals spent AED 4 billion on real estate in Dubai, and over the past 10 years, Indian Nationals have spent a total of AED 6.5 Billion on the Dubai Real Estate sector. While the majority of these buyers were Indians living within the UAE, 10% of them were living in India or otherwise, proving the existence of a substantial demand for Dubai real estate from outside the UAE.*

Dubai Properties was presented in the luxury event by Shorex Ltd. the award-winning London-based wealth management event specialist.

With the Dubai property market recording high levels of growth and returns, also given Dubai’s reputation to stand out from the crowd, there isn’t a better time for these two features to be combined, this is exactly what Dubai’s hottest new portal propertyportal.ae aims to accomplish. This new and exciting project www.propertyportal.ae, offers a different kind of service to realtors, private sellers and potential investors in Dubai real estate and best of all, it’s free.

With so many Real Estate websites pertaining to the UAE that offer the same standard service to visitors, propertyportal.ae features listings of all the leading freehold developments in Dubai in an easy to use format, as well as a travel hub to book flights and hotels to the Country. All the information you need about buying and selling property, as well as life in Dubai is on hand in a one-stop-shop.

Mark Wallington, Managing Director for propertyportal.ae said he is certain that the Dubai Real Estate market needs a new angle and is confident that this new portal can create a niche for itself. “There are currently a large number of generic real estate websites available in the UAE and specifically Dubai. We are aware of this fact, and therefore set out to create a portal that takes the positive aspects of what’s available in the Dubai property market and go one step better. There are many factors to consider when designing a portal to promote your business or product. Not least of these is having a user friendly website where your customers can find the information they need or view your properties with ease, no useless animated intro’s or lack of information, we keep things as simple as we can so that our users can quickly and easily access the information on properties that interest them.”

Wallington also said that they have received a good response to the website already. “During our ‘soft’ launch we had over 300 property agent’s sign up and over 700 properties listed. This brilliant response goes to show that the Dubai Real Estate market is looking for a different class of property website to get their properties in the “shop window” he said. “Leading developments like the Burj Dubai and the Palm Jumeirah are really creating attention for the City as a business and tourism destination. Dubai has previously been recognised for being home to the world’s richest horse race, the Dubai shopping festival and the Rugby Sevens, but now it is property that attracts overseas interest the most.”

An important aspect of the properyportal.ae is that both real estate agents and private sellers can place their property listings onto the website free of charge. The website is updated frequently and the best properties available on the market are regularly featured in the ‘Hot Properties’ section of the portal. Visitors are encouraged to get in contact with the company or agents who list them and can expect a swift response to any further enquiries they may have.

Laura Bentley, a marketing executive for the portal went on to say: “The website has been designed to help investors, sellers and buyers unite to check the latest properties on the market as easily as possible. The key feature of this site is to allow agents and private owners to list their properties at no cost but to get the best possible exposure.”

As the completion of more and more projects approaches, propertyportal.ae might just provide a solution to the difficulties that buyers and sellers in Dubai face from the many websites that just don’t offer an entire range of property services in this expanding sector

Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and ensures good return on investment.

Here are the top ten mistakes made by real estate investors, according to bankrate.com. Bankrate has put together the top ten mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.

1. Not planning up ahead. Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then trying to see how they can fit it into their plan. Instead of buying a house and thinking one can plan in due course, investors should rather concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.

2. To believe you can make money quickly. The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investing in real estate is a long term project.

3. Doing it single-handedly. For becoming a successful real estate investor one needs to build a team of professionals who would assist the investor in his deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.

4. Making excess payment. One another reason that investors in real estate goof up in their investment is by paying too much for the properties they buy. Paying too much and locking up all the funds in the erred property deal will leave you with no money to redeem yourself.

5. Leaving out the groundwork. Not doing your homework could be a costly mistake if you were a real estate investor. Every field of business needs sufficient amount of homework to be done, and real estate investment is no exception. Learn the fundamentals and then venture into investing in properties.

6. Throwing caution to the winds. Investors have to exercise a certain degree of caution and take earnest efforts while making a deal. New investors often fail in this regard and sign a deal without doing adequate research on the property.

7. Miscalculating money flow. Investors whose strategy is to buy, hold and rent out properties need to ensure sufficient cash flow for maintenance. Property managers could be expensive and the owner has to incur more expenses such as mortgage, taxes, insurance, advertising costs etc. Investors have to allocate their budget such that all these expenses are taken care of, or end up having their asset turn into a liability.

8. Lowering the volume. A larger volume of deals or transactions helps in increasing the profits by reducing the impacts of marginal deals.

9. Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market slumps. Having alternative plans helps you cut down losses and tackle unexpected situations.

10. Making incorrect estimates. People who plan to rehab their house need to check if they will still reap the benefits at double the time that they had estimated. This ensures they do not miscalculate and lose money on the deal.