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Article: 59 per cent Return on Investment at B2B Tower.(KM Properties, Al Rostamani Pegel LLC, Gustav Pegel & Sohn)(Brief article)
- Article from:
- Middle East
- Article date:
- October 5, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KM Properties (KMP), the property arm of Dubai-based Knowledge Management Group (KMG), is backing up its confidence in B2B Tower as a 'landmark' in Dubai's Business Bay neighbourhood by offering real estate investors and potential B2B Tower tenants an unprecedented 59 per cent ROI when buying units.
B2B Tower is KMP's latest high-tech, creek-side freehold development. It is earmarked for completion in October 2008.
A KMP spokesperson said, "This is a remarkable offer given that currently 10-15 per cent is the average return rate for investors who build or buy properties for leasing in Dubai.
"This unique-to-KMP scheme ensures a high return on ...