Tuesday, 17 September 2019 06:29 GMT

Dubai’s “The Heart of Europe” Launches USD 5 Billion Real Estate Investment to Danish Investors

(MENAFN - Editorial) Kleindienst Group, the UAE’s largest European property developer and creator of The Heart of Europe, will host VIPs at the UAE embassy in Copenhagen at a prestigious event to present this iconic and innovative freehold second home development and global tourist destination valued at USD 5 billion located on six islands in The World archipelago in Dubai. Kleindienst is the only Dubai-based developer to increase its prices in 2018 due to the strong demand for second home investment opportunities resulting in selling 100% of Phase 1. The Heart of Europe will be a vacation destination that will inspire all visitors with breath-taking entertainment, beaches, pools, snow streets, yacht culture and culinary delights. Along with the perfect climate, breathtaking natural beauty and a wealth of cultural prestige. All The Heart of Europe’s hotels, palaces, villas, chalets, vessels and underwater living experiences are inspired by iconic European experiences and culture and embodied in a beautiful island setting. According to its own initial research, there is an estimated demand for 50-60,000 second homes worth around USD 15 billion reinforcing Dubai’s readiness to develop the freehold second home concept in line with other major cities around the world. The Heart of Europe is therefore pioneering the second home market in Dubai with villas, chalets, palaces, cabins and hotel suites using its experience of the mature European holiday home market to spearhead this first development in the GCC region . The Heart of Europe provides favourable returns for investors that are written into its contracts, offering guaranteed return on investment in 12 years; strong capital appreciation, and a rental yield of 8 – 10 per cent, higher than the UAE’s average of 5.19% as well as the international average short-let yield . As Europe moves towards a trend for income-generating assets, The Heart of Europe delivers an innovative, luxury resort destination that is purpose-built to attract and service tourists and ensuring exceptional rental income. Her Excellency Ambassador Fatema Khamis Almazrouei, UAE Ambassador to Denmark said: “Our mission is to support UAE business within Denmark and promote trade and investment ties between our great nations. We will proudly host The Kleindienst Group at our Embassy on 27 March to introduce potential investors to the iconic development, The Heart of Europe.” Josef Kleindienst, Founder and Chairman of Kleindienst Group said: “This development is an iconic masterpiece that will attract investment and new tourists from around the world. Dubai is an attractive market with Expo 2020 next year as well as many initiatives from the UAE government to make it easy to invest and operate here. The currency is pegged to the US dollar providing security and we have a high liquid property market offering some of the highest yields in the world and strong capital appreciation with zero income tax and readily available financing option. The Heart of Europe is an exciting and innovative development opening a new underserved market segment in Dubai – the second home market. “The Heart of Europe has attracted a lot of positive attention from Middle East investors, particularly the GCC, who have bought off plan during Phase One resulting in it selling out and handover taking place in 2019. There has been significant progress with construction with examples of the Sweden Beach Palaces, unique Floating Seahorse Villas ready to view as well as Germany Island Beach and Lagoon Villas and Portofino Hotel all under way. “We are creating a tourist destination that has never been seen before with a number of world firsts. We will have climate controlled and rainy streets at all times of the year, 13 hotels each with their own unique personality, and the best in underwater luxury living on The Floating Seahorse Villa surrounded by mesmerising coral seascapes and marine life. Nothing is impossible.” For more information about The Heart of Europe, please visit www.thoe.com


Dubai’s “The Heart of Europe” Launches USD 5 Billion Real Estate Investment to Danish Investors



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