Dubai Chosen to Host One of The Biggest Disposals of Spanish Bank Assets

Dubai will host one of the largest one day disposals of bank assets ever at the Grosvenor House, Dubai Marina on the 25th May 2011. Bancaja Habitiat, the real-estate arm of one of Spain’s leading banks, will showcase a wide portfolio of investment properties worth over $2 billion.

Properties vary from individual residential homes to tourism properties. Other buildings on offer on the day will be commercial premises, 5 star hotels, part or whole developments. The event will showcase one-off deals not available anywhere else. Figures are strictly ‘off market’ and not listed publicly with the seminar itself by appointment only. However we can report that many of the properties are already 40% below the current market valuations with even further discount likely to be offered to serious investors.

Investors can take advantage of up to 75% finance and a twelve month payment holiday, creating a fantastic opportunity for individuals to invest in unique property.

Fernando Rodríguez Palmero, International Director of Bancaja Habitat commented: “The seminar is a once in a lifetime opportunity to buy repossessed properties of this magnitude direct from the bank. With the prices below the estimated market valuations it offers a great chance to invest in secure properties with instant equities and lengthy finance options.