Wilmslow, United Kingdom (PressExposure) October 28, 2008 -- Select Property reports that their purchasers' investments will be protected following the announcement from the UAE government that they will guarantee all National bank deposits and savings.
With daily reports of the credit crunchâs latest victims it is understandable why there is widespread panic across Global markets. Leading banks are turning to their governments to bail them out, the stock market has fallen the most it ever has and Iceland is on the verge of declaring National Bankruptcy, it would seem that no investment is safe.
Select property believes that the news that the United Arab Emirates (UAE) Government is guaranteeing all deposits and savings in all its National banks, is great news for those people who do have money to invest, This means that any money that is held in a UAE Bank, including Dubai and Ras Al Kahimah, will be protected by the UAE Government.
In the current global financial crisis finding an investment that is classed as âsafeâ is hard to find, with many investorâs now ploughing money into property after losing faith in the banking system. Select Property has announced that it has taken steps to ensure that their investors' money is as safe as possible, with any money paid to Select Property held in Escrow in a Dubai bank. This means that investments are fully protected and guaranteed by the UAE Government.
As well as protecting purchasers' money, the Ras Al Khaimah and Dubai investment property [http://www.selectproperty.com/invest/dubai/investment-property/why-invest-in-dubai/] markets are currently continuing to grow even in the present situation, so all investor's money is not only seen as secure but is also expected to make a profit as well. Select Property believes that there has never been a better time to invest in the UAE.
Since its launch in March 2008 the Select Property and Select Groupâs joint overseas property [http://www.selectproperty.com/invest/dubai/investment-property/about-dubai/] development, Pacific, in the emerging emirate Ras Al Kahimah has benefitted from a 10% increase on its property prices and is already over 70% sold out. If the growth continues to rise in this manner, investors are likely to see property price increases of 20% per year.
Select Property and Select Group are one of only a few developers in Ras Al Khaimah to offer a payment plan together with the security of Escrow.