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IFA Hotels and Resorts Launches Condominiums

DUBAI — IFA Hotels and Resorts, or IFA HR, the largest foreign investor on the Palm Jumeirah, has announced the launch of its second hotel condominium ownership product in the Middle East.

Situated within the five-star Fairmont Palm Jumeirah hotel in Dubai, the new offering is of particular interest to investors wishing to diversify their property portfolio, with a unique real estate option that combines both the business of guaranteed rental returns and strong capital growth potential, with the pleasure of a hassle-free 
vacation property.

The concept allows initial investors to buy a fully-furnished, five-star branded hotel room, within a rental pool system that guarantees annual returns of 10 per cent per year for the first five years, underwritten by IFA Hotels & Resorts during the hotel’s stabilisation phase, and a guaranteed buy back premium of 10 per cent after five years from the 
hotel’s opening.

“Worldwide, hotel condominiums are one of the fastest growing sectors of the real estate industry. As the first company to introduce the concept of hotel condominium ownership to the Middle East, we have seen its appeal continue to grow, particularly in markets like Dubai where hotel occupancy is still one of the highest in the world,” said Werner Burger, President and COO of IFA HR stated.