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High Society Properties to open a CEE branch office in Poland

2008-07-07
High Society Properties to open a CEE branch office in Poland
During a press conference held in Warsaw Lucille Korwin-Kossakowska, High Society Properties (HSP) consultant and representative for Central Eastern Europe gave an overview of the real estate boom currently observed in Dubai. The investment and tourism boom may be a hint for investors to locate their money on the Persian Gulf. As Korwin-Kossakowska said the revenue rate on real estate was over 300% in 2006/2007.
REKLAMA

Professor Jerzy Zdanowicz of the Polish Academy of Sciences underlined that the UAE is Poland’s second largest business partner in terms of economic turnover in the Middle East (after Israel) and Poland’s number one regional partner in terms of exports. The value of goods exported from Poland to UAE amounted to PLN 300 million in 2007.
Dubai offers a variety of unique investment possibilities and as Korwin-Kossakowska said prices are comparable with Warsaw rates. Among Dubai’s property highlights is the Burj Dubai – the world tallest building (636 meters as of June 2008). The developers haven’t officially announced its planned height yet. The estimated building cost is USD 1 billion. Other appealing investments possibilities are the DIFC – Dubai International Finance Centre, the Dubailand, the Dubai Waterfront and the World – a man-made archipelago of 300 islands designed in the shape of a world map located 4 kilometres off the coast of Dubai.
Dubai is one of the seven countries of the United Arab Emirates (UAE). Dubai is also one of the country’s main cities inhabited by over 2 million people. The country’s GDP reached a record level of Dh 198 billion in 2007 and is predicted to sustain an average growth rate of 11% per year for the next 8 years. Dubai contains a number of tax free economic free zones which have various economic incentives to encourage investment and commercial development. These zones include the Internet and Media Cities, the International Financial Centre, Maritime City, the Airport Free Zone, and the Jebel Ali Free Zone.
High Society Properties was founded in 2003 and became Dubai’s leading property consultancy firm. For more information contact: Lucille Korwin- Kossakowski
Property Consultant
Email: Lucille@dubaihighsociety.com
Mobile: +971 50 784 8027

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