IFA Hotels and Resorts Launches Condominiums

The leading foreign investor on the Palm Jumeirah, IFA Hotels and Resorts has announced the launch of its second hotel condominium ownership merchandise in the Middle East.

The new offering is located within the five-star Fairmount Palm Jumeirah hotel in Dubai and is certainly of a particular interest for investors who are aspiring to branch out their property portfolio. The venture is a unique real estate selection that unites both the business of capital growth potential as well as guaranteed rental returns accompanied with the pleasure of a hassle-free vacation property.

The concept also permits initial investors to purchase a fully-furnished, five-star hotel room within a rental pool system. This guarantees annual returns of 10 percent per year for the initial five years underwritten by IFA Hotels and Resorts during the hotel stabilization phase and a guaranteed buy back premium of 10 percent after five years from the hotel’s opening.

Werner Burger, President and COO of IFA HR stated, “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,”