The jewel of the Middle East is not only a top holiday and investment destination. As the Shakiba family found, it’s also an excellent place to invest in property
What started as a family for Dariush Shakiba, his wife Caroline and their two children has now turned into an investment adventure. In Dubai for the first time in 2003, they had a wonderful family holiday, impressed by the world-class leisure facilities, beautiful beaches and friendly culture.
Certain that they would return regularly for holiday, they then saw the investment potential of this fascinating and rapidly growing world destination.
The Leicestershire-based Shakiba family has now invested in a property near the iconic manmade Dubai Marina. Dariush and Caroline were attracted to DAMAC Properties’ Marina Terrace development – and they weren’t alone. All the units had been sold within six months of the launch, such was the popularity. Undeterred, and impressed by the quality of the development, they turned to another nearby DAMAC Properties scheme, The Waves. At this scheme construction was just underway and apartments were being sold-off plan.
“The transaction process has been quick and easy,’ says Dariush. ‘With the Dubai property market cited to continue its current boom for years to come, Caroline and I are confident that our investment will show substantial asset value growth. Our apartment at The Waves is an investment that we as a family can enjoy, and that our children, and later our grandchildren, will appreciate too.’
Rising to 27 and 10 storeys in Tower A and B respectively, The Waves offers breathtaking views of the marina and across the Persian Gulf. The development comprises a collection of 230 one-, two- and three-bedroom apartments with luxurious interior specification.
Surrounded by lush green walkways and located within walking distance of a variety of waterfront cafes, restaurants and shopping boulevards, The Waves is ideally placed for a family holiday. The scheme benefits from a number of recreation facilities including an outdoor swimming pool and waterpark, children’s play area, state of the art gymnasium and five star health club and spa.
Caroline says, ‘The Dubai Marina can best be described as a city within a city. Everything from shopping, exercising and golfing, sunbathing, eating and drinking is on our doorstep. There is a wonderful variety of restaurants nearby that reflects the diverse mix of cultures that converge in this great city, from the ‘50s American diner to our favourite sushi bar overlooking the marina.’
Dariush adds. ‘One of the best aspects about Dubai is that it is safe and crime-free, making it very tourist friendly. All the facilities are five-star and the infrastructure is new and modern, and it works.’
For further information on The Waves and other DAMAC Properties developments call 020 7499 9001 or visit damacproperties.com.