Estate coy, UAE govt. partner to promote investments abroad

A real estate company, Wephco Technologies says it is collaborating with the Government of the United Arab Emirates (UAE) to promote Nigerians` investments abroad through house ownership.

The Chief Executive, Wephco Technologies, Mr Wisdom Nwachukwu said this on Sunday in Abuja, at the Abu Dhabi Housing extravaganza organised by the company.

He said that the programme was aimed at educating the public and stakeholders on the benefits accruable to investing in Abu Dhabi, UAE.

Nwachukwu said the investment programme concerns civil servants who are retired or about to retire from service.

“This post and pre-retirement investment funding is an avenue where Nigerian civil servants can invest their funds while they are still working and after retirement they can have something to fall back on.

“We have been able to partner with the Abu Dhabi government to bring about this net zero investment project which is the Wephco Abudabi housing extravaganza.

“With this Abu Dhabi extravaganza housing project, every civil servant can invest their money and get a high level of return, which is what we call Return On Investment (ROI) which is not less than 10 – 30 per cent,“he said.

Nwachukwu explained that investment in real estate served not only as an investment but also as an asset and with high returns.

He said that UAE being a tourist destination tend to give more profits and investors would be able to build their wealth and have monthly returns.

“With the project which we signed with the UAE government beneficiaries can have monthly return on investment which can serve them while they are sleeping at home.

“The net zero investments will enable civil servants to pay 30 per cent of the project, get mortgage up to 70 per cent.

“This will guide them to have the mortgage for up to 70 years which makes it more affordable for anybody to invest in.

Speaking on the affordability of houses in Abu Dhabi, Nwachukwu said it was affordable especially for workers that are members of their organisation’s cooperative societies.

Miss Nour Driouche, Sales Manager, Aldar Abu Dhabi, said the state being the capital of UAE offered a lot of benefits which include the absence of traffic.

“It has so many things in its favour, it is an hour from Dubai and 40 minutes’ drive from the airport.

“It is home to the national museum, has two islands, it has the Soul Beach, and the National Historic Museum of the U.S.A that will be opened in 2025 is also located.

“Features in the properties include sustainable designs, including green building technology, sustainable construction materials, efficient water fixtures, range of interior finishes beach access, etc.

“The apartments are in the form of one to four bedroom apartments ranging from 835 square metres land space to 2500 square metres and Abu Dhabi allows home ownership for life since 2019,” the official said.

Mr Kuyema Muzita, a beneficiary of the project said Africa should take advantage of the organised system in UAE and invest in Abu Dhabi.

“Abu Dhabi is the home of economy in terms of real estate and security in their financial system is high.

“There is no third party that will get your information without your permission therefore no chance of an individual been defrauded.

“Another benefit is that there is zero tax, on land, house, no charge at all instead you will only get more return on your investment,” Muzita said.