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HH. Sheikh Mohammed Inaugurates New Burj Jumeira

Burj Jumeira, The New Iconic Tower in Dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai inaugurated Burj Jumeira on 31st of January 2019. Burj Jumeira is set to be built in the Al Sufouh district, home to popular landmarks, such as the Madinat Jumeirah, Dubai Knowledge Village, and Dubai Internet City. 

In Presence of Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai International Marine Club, and His Excellency Abdulla Al Habbai, Chairman of Dubai Holding, H.H Shiekh Muhammad bin Rashid analyzed the project plan of Burj Jumeira and Downtown Jumeira, the surrounding area of this new skyscraper.

“By its brilliant design, network and cohesive infrastructure, the Burj Jumeira and Downtown Jumeira will be the perfect addition in Dubai vision for becoming a city of quality living and future distinguished”, H.H said. 

While commenting on the project, His Excellency Abdulla Al Habbai said; “The launch of Burj Jumeira in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who has left his fingerprint on the project, is a confirmation of the critical role this development plays in Dubai vision for the future.”

He also stated that: “The entire Downtown Jumeira area, and Burj Jumeira specifically, are distinctive projects that focus on providing an unparalleled experience to both visitors and residents. It will not only serve the needs of residents who are looking to live in cohesive and connected communities, but will also enhance Dubai tourism offering by adding another icon to the Emirate’s portfolio of unique attractions.”

Burj Jumeira construction work will kick off by Dubai Holding Real Estate Development directly after the completion of the first phase of the development in 2023

Image Credit: Dubai Media Office

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Why You Should Invest in UK Care Home Market?

The population of elderly people increasing rapidly all around the World, especially in the UK. And this continuous increase in the number of aged people residing in the UK is causing a few social difficulties. And if there is a larger number of retirees than working people then there will be fewer people to produce the income tax to cover the cost and welfare of caring for the aged. According to a study, 16% of retirees in the UK live in poverty with a household of less than 60% of the average household income.

Currently, people aged over 65 are 17% of the total UK population. and this will increase estimated up to 23.6% by the year 2035. The outcome of this is that there is a huge mismatch in the current ability of the care industry to deliver services to the aged, in comparison to what will be needed in 5 – 10 years from now. What this means is that there is a huge demand for care homes in the UK. Care home investments in the UK by both institutional and private investors have grown distinctly in recent years driven by the significant under-supply of care home beds and the associated high rental yields, high possession prices, and capital appreciation that these investments produce.

Benefits Of Care Home Investments

In this post, we are going to answer the question “are retirement homes a good investment?” by highlighting some benefits of investing in care homes. Care home market is a huge market and you should definitely take the opportunity to make some good profit here.

Care Home Demand is Increasing

As we mentioned earlier that care home market in the UK is huge and also the increase in the number of aged people that is why demand for care home services is increasing. You can generate huge revenue by investing in the UK care home market.

Large Market in the UK

The size of the care home sector is around £15.9 billion a year. This clearly shows that the UK care home sector is truly a huge sector. You can not make only a huge profit by investing in this market but also contribute comfort, longevity, and health to aged people over time by providing them superior service.

Money related Spurs

One convincing future benefits of investing in a care home that is not regularly discussed is that the investor has the option of living in the unit themselves at some point, sooner or later. Investors can enjoy the rental revenue made by investing in a unit until they choose to either move in themselves or sell the unit. Investors can still obtain the financial benefits of a care home investment for various years, even if they do not choose to move in after their retirement.

Maintenance Included

The investor has no need to worry about the maintenance of the care home it is covered by the care home operator himself. Investors only need to sit back after writing the first cheque and enjoy the rental yields because care home operators also deal with the tenanting process and making the investment hands-free. Property operator will also deal with the tenanting process and making the investment hands-free.

Want to Invest in Uk Care Home Market?

At Valor Real Estate, we feel happy with helping investors get a solid start in the UK Care Homes Sector. We enjoy speaking to you about your long-term goals and ambitions in property investment. We have a list of care homes investment opportunity including residential care homes and nursing home investment opportunities in the UK. 

Contact us and book an appointment with our care home investment consultant to start investing in the huge market of the UK.