Beeyoot to Establish Consolidated Property Pool
By Beeyoot.com, PRNETuesday, March 30, 2010
DUBAI, UAE, March 31, 2010 - Beeyoot.Com, a growing online real estate entity, is proposing alliances
with UAE based developers to establish a consolidated property pool to
support individual investors.
According to the proposal, namely Developers Engaging Owners (DEO), the
partnerships will be inspired by placing owners and investors of property
ïrst and demonstrate genuine social responsibility at this uneasy time.
Developers with a delayed or stalled developments anywhere in UAE can
participate by consolidating the project into one pool to be presented as a
wholesale portfolio to institutional investors. The effort is conceived to
protect individual owners by creating a unique opportunity for REITs (Real
Estate Investment Trusts) focused on large scale acquisition of distressed
real estate.
Beeyoot's CEO Hashim Ahmed says: "We are forming a qualitatively new type
of real estate conï‚uence; by associating owners of an otherwise stalled
project, we thereby create a portfolio for relatively big funds to swiftly
assess off-plan property as a medium- to-long term investment opportunity".
Property owners are also invited to form an association through
Beeyoot.com's platform. "When sellers can act collectively as a group, we can
process their concerns in more timely ways. Such synergetic partnerships of a
developer and its investors may also create a significant market dynamic. It
will be good for everyone if sellers are capable of presenting a consolidated
proposal. This is how we perceive a notion of social responsibility in
action".
Http://www.Beeyoot.Com is inviting all major developers across the UAE to
implement its model, and is inviting fund directors and other finance
institutions to support its Developers Engaging Owners (DEO) initiative.
About Beeyoot Http://www.Beeyoot.Com is an online real estate marketplace
which empowers owner-investors of property through premium marketing and
advisory services.
For more information about Beeyoot, please visit www.Beeyoot.com
Beeyoot.com Contact: Hashim Ahmed Tel: +971-(0)4-293-2611. admin@beeyoot.com
Web: www.Beeyoot.com
Beeyoot.com Contact: Hashim Ahmed, Tel: +971-(0)4-293-2611, admin at beeyoot.com
Tags: Beeyoot.com, Dubai, March 31, Middle East, uae