Saturday 19 October 2019


Margaret Carragher

Following the launch of its latest hi-des development on Dubai's salubrious Waterfront, Larionovo has succeeded yet again in shifting properties quicker than a turbo-charged camel on speed. And why not?

They've got some product here, because this is the first time that prime beachfront real estate has ever been made available to private developers. Not only that, it is the first and last opportunity to acquire beachfront development land here on a freehold basis.

Commenting on the public response to their latest launch, Larionovo's sales and marketing manager, Barry Hennessy, said: "The wise money is moving in fast from both large and small investors. We've seen a 45pc increase in sales over the last three months alone, and our Dubai office finished 2007 with sales of over $100m, its best year to date."

And his overseas property predictions? "Irish investors need to look to the future. Within the next two years, Dubai will be among the world's leading commercial hubs, with a dynamic economy driven by highly skilled professionals. Those people are going to want superior apartments and homes to live in, making off-plan purchases in prestigious residences like Zero Five Zero extremely lucrative investment options for investors today."

Remember, this is a dollar investment in a region with a booming economy and property market. Boom boom.

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