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Versace Apartments

5 Reasons to Buy Versace-branded Apartment

 

The decision to invest is not easy, especially with several options to choose from like bonds, stocks, gold, real estate, etc. The process requires a lot of planning and attention to detail. Over time, real estate properties have been identified as one of the safest options to invest in, as it grants complete ownership of the tangible asset.

This is because, regardless of its financial condition, property always holds a high-value asset that may be highly valued (or equally) over the years. The real estate market offers a variety of commercial and residential options to choose from and invest in, which includes – apartments, villas, houses, shops, warehouses, etc. 

Due to this, a property is a good option for those looking to invest. If you have the budget to invest and are looking to expand your portfolio, luxury real estate is an option to explore. There are several luxury projects launched from you to choose from. 

ANWA Properties simplifies your experience and brings you the best option to invest in – the Versace-branded DAMAC Nine Elms Tower.

Here are the top 5 reasons to buy Versace-branded apartments.

  • Luxury in every step

The DAMAC Nine Elms Tower is a signature collaboration between the world-renowned DAMAC Properties and the luxury design label – Versace Home.

The bespoke 50-storey tower project holds luxury in every step. Curated with Italian glamour and finesse, the project houses state-of-the-art amenities including the exclusive ‘winter gardens’ that open doors from every apartment to exquisite panoramic views of London.

Oozing luxury, the interiors of the tower features a gold and cream colour palette, luxury sofas, wallpaper and fixtures to feature in each dwelling. Imprinting its presence, the ‘V’ signage has also been inlaid in marble at the entrance to every apartment which signifies luxury in every step. 

  • All under one roof

A fortress interlaced with exclusivity, the Versace-branded apartments – DAMAC Tower Nine Elms is an ode to luxury living. The tower is a mixed-up project that features all you need under one roof.

Apart from comprising residential, commercial and office spaces, the project features top-notch amenities that promise to unravel in comfort like never before, including

 

  • Residents’ facilities and common areas – with Wi-Fi
  • Expansive roof gardens overlooking London
  • State-of-the-art gymnasium & fitness centre
  • Swimming pool, Jacuzzi, and Steam room
  • Private cinema
  • 2,034 sq. ft. children’s play area
  • Pre-installed telecommunications
  • Car parking
  • 24hrs security
  • A Grade Office spaces (spreading on 4 floors)
  • Retail space to include shops and restaurant 

  • Pristine Location 

Nestled between Vauxhall and Battersea – one of London’s most sought-after neighbourhoods. This multi-billion luxury investment has kickstarted an array of economic activities in the area that will transform the area within the coming months.

Encompassed by an array of distinguished surroundings, the nearby areas include

 

  • 45 mins drive to Heathrow and Gatwick Airports
  • 12 mins drive to Buckingham Palace
  • 14 mins drive to Knightsbridge 
  • 3 mins walk to Vauxhall Station
  • 16 mins Tube Ride to the London Bridge
  • 5 mins Tube Ride to Waterloo
  • 3 mins Tube Ride to Victoria

Apart from top-notch healthcare and educational facilities, the well-connected luxury tower promises top tourist places to visit, including

  • The Big Ben
  • Westminster Abbey
  • London Eye
  • Parks
  • Harry Potter London Park 
  • The Parliament 
  • Thames Jet services
  • Several Theme Parks and Museums 

  • Incredible Investment Opportunity

The 100% complete and ready-to-move-in project offers incredible investment plans. 

The luxury project is a modern blend of  

  • Studio-bedroom apartments
  • One-bed-bedroom apartments 
  • Two-bedroom apartments
  • Three-bedroom apartments
  • Luxury four-bedroom penthouses

The investment starts from

  • GBP 712,000
  • AED 3,248,022

  • Safety and Security 

As a high-value property, security is one thing you wouldn’t worry about. The project promises safety at your disposal that ensures tranquillity and quality of life on a daily basis. 

Investing in any project is a very personal decision for everyone. This list may or may not have the reasons you are looking for, but we can only advise finding answers to every question you have before investing. Get in touch with one of our representatives If you are looking for more details, by visiting 

 

💌 Email: Info@anwaproperties.com

🌐 Website: https://anwaproperties.com/

📞 Call: +44 208 154 3373

 

UAE New Entry & Residency Rules

All you need to know about UAE New Entry & Residency Rules

In a new move, the United Arab Emirates (UAE) has announced New Entry & Residency Rules. Interestingly, the new framework offers visitors an assortment of visa types for various visit purposes, without requiring a host or backer for the first time. These visas offer adaptable terms that address the issues of the guests and the reason for the visit.

As UAE relaxes its conditions, all areas gear up to attract a fresh record of foreign investment, apart from visitors. Earlier this month, Dubai secured a sales value of AED23.7 billion, recording a growth of over 59%, in the month of August 2022. 

ANWA Properties brings you All you need to know about UAE’s New Entry & Residency Rules. The list of new schemes approved listed below are as follows;

  • Visit Visa

The new visa, which will be carried out from September 2022 for visiting the UAE, will permit a stay of 60 days as against 30 days sooner.

  • Multiple Entry Tourist Visa

Notwithstanding the normal vacationer visa that is supported by the travel industry foundations in the UAE, a five-years multi-passage traveller visa is presented. This much-anticipated section license will permit vacationers to profoundly investigate the UAE more. This new visa won’t need support. The prerequisites are that the candidate ought to have a bank surplus of $4,000 (or a comparable sum in other cash) during the half year before the visa application. Individuals can remain for 90 continuous days in the UAE and the main condition is that the stay shouldn’t surpass 180 back-to-back days in a year.

  • Work Visa

This visa doesn’t need support or a host. It is granted to those grouped in the first or second or third expertise level according to the Ministry of Human Resources and Emiratisation and the new alumni of the best 500 colleges on the planet and the base instructive level ought to be a Bachelor’s certificate or the same.

  • Business Visa

This passage license, which doesn’t need support or host, is pointed toward empowering financial backers and business visionaries to investigate business and venture valuable open doors in the UAE.

  • Entry Permit allowing visiting Family Members or Friends

According to the ongoing change, a guest can apply for this passage grant if he/she is a family member or companion of a UAE resident or occupant. It doesn’t need support or a host.

  • Entry Permit for Study and Training

This license is expected for those going to prepare and concentrate on courses and additionally taking part in entry-level position programs. The support can be colleges or instructive or research establishments authorized in the nation or government or confidential elements. It requires a letter from the element, explaining the subtleties of the review or preparing or temporary position program and its term.

  • Entry Visa for a Brief Work Mission

This license is expected for individuals who have a transitory work task like probation testing or a venture-based mission. This visa is supported by the business. It requires a transitory work contract or a letter from the business explaining the visit’s motivation and verification of wellbeing and wellness to work.

 

Read more about Dubai Properties 

Property Ownership in London: Freehold vs. Leasehold To enable screen reader support, press Ctrl+Alt+Z To learn about keyboard shortcuts, press Ctrl+slash Turn on screen reader support Rewrite Ctrl D Rewrite Ctrl D

Property Ownership in London: Freehold vs. Leasehold

Thinking of buying a property? 

It is undoubtedly a life-transforming decision, but one should overcome the exhilaration of the moment to always be in the right frame of mind to decide after analysing all aspects. While buying a house, one thinks about looking at the deal offered, vicinity, nearby amenities and connectivity. 

However, if you are buying a property in London, there is an important aspect that requires attention, which is ‘ownership’ – is the property you are interested in a freehold or leasehold?

To check the status of the property before buying it;

  1. Visit the Land Registry website. 
  2. Search the property by postcode.
  3. Look at a copy of the building owner’s title to confirm the status.

While answering the difference, this blog by ANWA Properties discusses the pros and cons of both, along with the importance of both types of properties. 

What is a Freehold Property in London?

A Freehold Property is a property in which the freeholder owns all the tangible units of the property, which includes both – the building and the land the property is built on. 

This makes the Freeholder solely responsible for maintaining the property and land.

What is Leasehold Property in London?

A Leasehold Property is a property built on land leased out by a Freeholder, which is leased out for the length of your lease agreement – which usually lasts from 39-999 years, by the freeholder.

When the lease ends, ownership returns to the freeholder, unless the lease is extended. In the case of properties sold under leasehold, you own the unit built and not the land it is built on.

 

Property Ownership in London: Freehold vs. Leasehold

Freehold  Leasehold
Complete ownership of the asset, which makes it an expensive purchase. Cheaper option to avail, however, one often pays an extra cost, services charges and ground rent
Freeholders have permanent control on all the tangible assets. Leaseholders have to renew the lease, especially if it’s less than 100 years.
Freehold property includes all types of houses.  Leasehold property includes all types of flats and apartments usually.
Owner has to pay all repair and maintenance costs of the property. Leaseholder may have to pay the repair cost
Complete ownership  Restrictions imposed or permission required 
Don’t pay additional costs Need to pay additional costs e.g. gym, car park, etc.
Easier to sell Usually takes more time to sell, usually, if the remaining lease is less than 80 yrs. 

 

As different as these property options are, the opinions on buying a freehold property and leasehold property are equally varying as both satisfy the needs of buyers as per their demands. Hence, it is imperative to list down your needs while buying a property, but it’s highly stressed to also consider your budget before making any real estate purchase.

No one can pass one of these both properties as a better option. It only comes down to your budget and needs.

Happy house hunting!

UAE's New Entry & Residency Rules

All you need to know about UAE’s New Entry & Residency Rules

In a new move, the United Arab Emirates (UAE) has announced New Entry & Residency Rules. Interestingly, the new framework offers visitors an assortment of visa types for various visit purposes, without requiring a host or backer for the first time. These visas offer adaptable terms that address the issues of the guests and the reason for the visit.

As UAE relaxes its conditions, all areas gear up to attract a fresh record of foreign investment, apart from visitors. Earlier this month, Dubai secured a sales value of AED23.7 billion, recording a growth of over 59%, in the month of August 2022. 

ANWA Properties brings you All you need to know about UAE’s New Entry & Residency Rules. The list of new schemes approved listed below are as follows;

 

  • Visit Visa

The new visa, which will be carried out from September 2022 for visiting the UAE, will permit a stay of 60 days as against 30 days sooner.

 

  • Multiple Entry Tourist Visa

Notwithstanding the normal vacationer visa that is supported by the travel industry foundations in the UAE, a five-years multi-passage traveller visa is presented. This much-anticipated section license will permit vacationers to profoundly investigate the UAE more. This new visa won’t need support. The prerequisites are that the candidate ought to have a bank surplus of $4,000 (or a comparable sum in other cash) during the half year before the visa application. Individuals can remain for 90 continuous days in the UAE and the main condition is that the stay shouldn’t surpass 180 back-to-back days in a year.

  • Work Visa

This visa doesn’t need support or a host. It is granted to those grouped in the first or second or third expertise level according to the Ministry of Human Resources and Emiratisation and the new alumni of the best 500 colleges on the planet and the base instructive level ought to be a Bachelor’s certificate or the same.

  • Business Visa

This passage license, which doesn’t need support or host, is pointed toward empowering financial backers and business visionaries to investigate business and venture valuable open doors in the UAE.

  • Entry Permit allowing visiting Family Members or Friends

According to the ongoing change, a guest can apply for this passage grant if he/she is a family member or companion of a UAE resident or occupant. It doesn’t need support or a host.

 

  • Entry Permit for Study and Training

This license is expected for those going to prepare and concentrate on courses and additionally taking part in entry-level position programs. The support can be colleges or instructive or research establishments authorized in the nation or government or confidential elements. It requires a letter from the element, explaining the subtleties of the review or preparing or temporary position program and its term.

 

  • Entry Visa for a Brief Work Mission

This license is expected for individuals who have a transitory work task like probation testing or a venture-based mission. This visa is supported by the business. It requires a transitory work contract or a letter from the business explaining the visit’s motivation and verification of wellbeing and wellness to work.

 

Property Rates have increased in London?Why Property Rates in London?

Why Property Rates have increased in London?

London ranks one of the most expensive areas in Europe to reside in, especially Central London. Over time, the property rates have skyrocketed – with a property costing an avg. of £523,666, marking an increase of 4.8% since March 2021 (UK House Price Index for March 2022).

The property prices are expected to increase up to 18.8% by 2026, in the UK and regions surrounding it, as per reports issued by Savills,

In this blog, ANWA Properties explores why property rates have increased in London.

  • Credit approval for Low-Interest Rates

A variable that has significantly affected the cost of property in the UK to rise is the approval of housing credits and loans to borrowers on low-interest rates offered

This progression granted easy access to huge amounts of credit for mortgages, accelerating the effect on the housing market. The thump impact of this is that it is easier to return the amount over time as the banks approve colossal home loans and credit to nearly any individual who asked.

This led to an increase in the demand – in this case, buying a home, against the supply – the number of available units, which has caused the cost of properties to increase.

Given the recent changes, the interest rates by the Bank of England were increased to 1.75% (Reuters). The reason for this increase has been cited below in this article.

  • Increasing Mortgage Rates

The mortgage rate in the UK has increased to 4.09%, marking an increase of 1.75% from 2.34% in December 2021 – revealed a report published by The Guardian.

This development has forced the borrowers to explore new housing loans to repay the mortgage price.

  • Low Salaries, High Inflation Rates

The UK is currently witnessing 40-year high inflation of over 10%, since 1982.

The increase in the cost of living has limited the borrowers to buy a house, in the given salary earned – which is an average of £30,000 annually. The average mortgage repayment accounts for around a third of the average monthly income, equating to a total of almost 33% of monthly income.

The rising inflation affected everything, including the rate of interest for home buyers to 1.75%, making it almost impossible to buy a home.

This over time, will result in the cost of properties rising this year. 

Apart from buying a house, the rising inflation has also affected the rental rates of properties to increase as well. This has halted the influx of revenue in the real estate market of the UK.

  • Brexit & Post-Covid Era

Finalised on 31st January 2020, the real estate market witnessed a drastic fluctuation post-Brexit – there was a slowdown in economic activities. 

Not cited as a direct impact, the cost of properties rose after the economy was reshuffled, bringing back home many UK natives, creating a high demand for available housing units, and a short supply of housing units.

While the UK’s economy grappled with Brexit, the entire world was hit by the outbreak of COVID-19 transforming life and activities as we know it. To deal with this pandemic and cater for people, almost every industry bent – by decreasing prices and rates especially interest rates for housing, for longer expected.

 

In a bid to increase economic activity, the banks approved housing credit to borrowers, which, in turn, increased the demand to buy a property – as stated in the first reason cited by this article. 

Post-COVID-19, with the world relaxing travel restrictions, new policies were introduced to speed up economic growth, which included welcoming foreign investors and buyers. This created an erratic demand and supply of housing units, adding to the property rates to surge. 

London has been a magnet, attracting foreign investment. As UK’s economy steers its way through these issues post-COVID-19, the prices of houses are expected to decrease in the coming year.

Top 5 areas to buy Property in London

Top 5 areas to buy Property in London

Buying a property is a life-altering transaction – especially for first-time home buyers or investors. 

Choosing the best residential area, varying housing types and distinctive prices, it is essential to secure all available information before landing the best deal. Some of the things to check off prior to singing the property ownership deed includes

  • Location
  • Secure neighborhood
  • Well-connected roads and transport options
  • Nearby amenities e.g educational institutions, healthcare facilities, well-stocked marketplace, etc.

Why should you invest in London?

Over time, London has ranked as one of the most expensive cities to live in. While staying true to its cultural values, the capital of the United Kingdom has grown to host diverse cultures by welcoming people from around the world – different countries, races and traditions. This expansion has augmented the range of opportunities for its residents, which makes it ideal to invest in London. 

Hence, to answer the question asked, you should buy property in London because 

 

  • Property prices to increase over time

The influx of people has led to a greater demand for properties for rent or sale. This, in turn, has led to a staggering increase in property prices, which is expected to rise within the next few years. 

This makes it an ideal city to buy or invest in property.

  • Low-interest Rates

The ECB has managed to keep borrowing costs artificially low, as per which short-term interest rates to rise until 2023 – according to reports. This move resulted in properties offering a higher rental income return than other assets. 

 

  • Transparent Real Estate Market

Oftentimes when any industry expands, it overlooks basic legal practices and procedures. However, London has emerged as one of the cities with a transparent real estate market. This has resulted in attracting all types of investments, both – national and foreign. 

Moreover, strong governance has resulted in safe and secure investments for every investor.

Being an ideal city to invest in, ANWA properties highlights the 5 best areas for you to buy properties in London.

 

  • Battersea

An increasingly popular residential area, the popularity of Battersea has elevated over the years, with the average price of a property currently just under £875,000.

One of London’s most upmarket areas is defined through Victorian and Edwardian architecture. The affordable housing options have made it one of the most sought after places for middle-class families looking to start a family. 

The well-stocked option features its zoo, and a famous boating lake and pagoda, along with cafes, restaurants, and exceptional medical and educational facilities – becoming one of the safer parts of London to live in.

Plans are underway to develop the area that will go on to feature luxury real estate, which ought to increase the prices of property in the coming years.

 

  • Chelsea

Chelsea is a profoundly alluring and rich area of prime London, ranking as England’s wealthiest area outside of central London – offering high property prices.

Bordering Fulham toward the west, Knightsbridge and South Kensington to the north, the area is easily accessible via four Underground stations on various lines, allowing residents to quickly and easily access Central London and the City.

The area offers an extensive variety of real estate, from eco-friendly retreats to beach villas, equestrian estates to golf homes, up for grabs, to even a castle, and palace.

Featuring every amenity including cafes, restaurants, hospitals, educational facilities, and much more, this area is expected to offer the highest net property value growth in London within the coming years. With its increasing popularity, it has been listed as one of the best areas to invest in.

 

  • Knightsbridge

Knightsbridge ranks as one of London’s most prestigious and immaculate neighbourhoods, with high property prices. Bordering Chelsea, Belgravia and South Kensington, this high-end area entails much of a quiet and elite lifestyle. 

The structures in the area sing tales of early elegant Georgian h66ouses, varying to terracotta-faced Victorian houses, luxurious penthouses, apartments and beautiful mews houses.

The immaculate area is home to several luxury brands, with streets lined with all kinds of branded fashion stores, designer shops and boutiques including the renowned Harrods. The area is also in close proximity to other famous attractions like the Natural History Museum, Hyde Park, Wellington Arch, Cadogan Hall and  Buckingham Palace are all easily accessible.

 

  • Mayfair

Once home to rich, famous and elite people, Mayfair has drastically transversed into an area offering accommodations for people of every age bracket. It is now an urban oasis bordering Park Lane, Oxford Street, Regent Street, and Piccadilly.

With the lifestyle change, Mayfair provides a work-life balance through smart technology and fitness amenities, lured by luxurious fine dining and living. The locality is lit with regency-style homes, and currently houses a high population of single residents and renters – belonging to a younger generation. 

With a high standard of living and low unemployment rates, the area has attracted investors and residents, which, in turn, has resulted in property prices increasing, ensuring a high return on investment as well. 

If you’re looking to buy property in a high-end area, Knightsbridge is the place for you.

 

  • Whitechapel

Located just east of the City of London, Whitechapel is one of the most affordable areas to invest or buy a property in. With plans of constructing over 3000 houses in the area, the value of property in Whitechapel will increase accordingly, in the upcoming years. 

The area is located a stone’s throw away from Brick Lane – one of the most famous tourist spots. Just a 10-minute walk away takes you to well-stocked marketplaces dating over 100 years, restaurants and galleries to explore once you arrive at Brick Lane. Whitechapel itself has been an interest of tourists and visitors interested in contemporary art.

The area borders Bethnal Green on the north, on the east by Stepney, Tower Hill on the south, and the west by City.

So if you’re looking for an area that keeps its community roots, while offering a diverse mix of cultures, this is the ideal location to be in. From a blend of worldwide cuisines to an array of markets to explore, living in Whitechapel extends quintessential vibes with a perfect blend of international flavor.

The best place to buy any type of property in London depends entirely on your budget, which is why ANWA properties have listed the 5 best areas where buying a property, or investing in one will be beneficial. The decision comes down to the fact – what does every individual look at while buying a property? 

If you’re clear about your objectives, we wish you happy hunting!

How to avoid fraud in real estate

How to Avoid Fraud in Real Estate

Real estate property is one of the most valuable tangible assets – including gold, securities like stocks, bonds, cash, vehicles, etc. a person can own.

Hence, like everywhere else around the globe, real estate and property fraud are one of the most common occurrences of fraud in the UK as well, even though it may not be widely reported. Since this issue is on the rise, this blog by ANWA Properties takes a deeper look into the matter and discusses how to avoid fraud in real estate. 

Types of Property Frauds

Before jumping into ways to avoid property scams, it is important to identify and understand the types of property frauds that exist, which can be avoided in the future.

The most common properties that are at risk of fraud include rentals, vacant or properties listed as ‘holiday homes’, if a property is mortgage-free, has a high -value or the owner lives abroad. 

Identity theft and impersonation

Where a person steals an identity or uses a false identity to pretend to be a buyer, seller, conveyancer or at times acts as a fraudulent company to commit title fraud. 

  • Buyer 

While acting as a buyer, the person usually targets sellers in a hurry to sell their property. The criminal usually drops the sale amount at the last minute, deceiving the seller to sell their property at a much lower rate than that in the market. 

  • Seller 

The person commits fraud by taking up a false identity of the owner and selling property. In such cases, a property with only a single contact number – of the property is listed. 

  • Conveyancer 

In such cases, the person acts as the middle-man which places him or her in a position to have funds transferred to his or her account and run off with it. 

Mortgage Fraud

Through this practice, the person performs fraud by stealing mortgage money from a private lender or a financial company. 

Fraudulent Real Estate Listings

The fraudulent real estate practices are also dominated by disputed or forged properties marketed as real estate listings which later negatively impact illegal real estate transactions.

Fraudulent Investments

Identified as one of the lucrative investment opportunity, the real estate sector has witnessed a rise in real estate projects, both commercial and residential, to attract investments by investors, both nationals and overseas.

However, this has resulted in scammers setting up false real estate projects or acting as an ‘Investment Agent’ of a specific company. As a consequence, people end up losing their hard-earned life savings by investing in fake projects or with such agents.

Ways to Avoid Fraud in Real Estate

Register Property with Land Registry

It is imperative to registry any and every property you own with the Land Registry, and other relevant offices. 

This provides a security blanket in terms of notifying the owner in case anyone tries to transfer the land deed to someone else’s. In case of a scam, the owner will be compensated as per the rules of the law.

Thorough Research

Before entering any kind of deed, it is imperative to thoroughly research the party you’re entering the deal with. No matter what an agent or third-party involved may say, a buyer or seller must conduct research of their own – which includes 

Checking the status of the property from all relevant offices

While buying a property

In the case of buying a property, one must get in touch with the party prior to one’s entering the deed. In case of any discrepancy, make sure to check in with the authorities. 

While renting a property

Be careful of landlords or real agents who act over-enthusiastically, pressuring you to pay the rental amount or security deposit before signing a deed. 

In case of renting out a property, make sure to add a clause that allows surprise visits by the landlords.

While selling a property

Before selling a property, make sure to research the market value or opt for professional valuation services, to get the maximum offer for your asset. Negotiate the price only after you’re sure of the real value of your property.

In case of selling a property, one must register and report the other party with all the relevant offices, including the Land Registry. 

While Investing in a project

Before investing in any project, make sure that the property is approved by the respective development authorities. In case of investing in a project through an agent, make sure to visit the office where they work. Invest only after you’re entirely sure.

Request a Restriction

By requesting a restriction on your property, a solicitor or conveyancer is bound to verify a transfer of a deed or mortgage of the property.

Every real estate transaction – be it buying, selling, renting or investing requires due diligence. Hence, it’s better safe to be sorry while entering into any type of property deal. 

Founded by industry experts with years of experience in the realty sector, Anwa Properties is one of its kinds of real estate agencies that helps buyers and investors start and grow real estate portfolios.

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