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Home Article Vincitore Real Estate Development to debut at Cityscape Global to showcase its branded flagship project Vincitore Palacio 01 September, 2016 Company to offer attractive payment scheme guaranteeing 8 per cent NET rental income to potential investors 01 September 2016 Vincitore Real Estate Development LLC has announced that it will throw the spotlight on its flagship project - Vincitore Palacio, a branded residential development spread over 200,000 square feet of prime land at Arjan district in Dubailand - at Cityscape Global. The largest and most influential real estate exhibition in the Middle East will be held from September 6 to 8, 2016 at the Dubai World Trade Centre. The company's first-ever participation at the prestigious property show is in line with its strategic marketing plan to establish Vincitore as a quality real estate brand serving a niche market of 2.4 million people always in look out of Quality real estate at Value pricing. After great success of 90% of units getting sold out of phase one, Vincitore will unveil an exclusive payment plan for investors which will guarantee 8 per cent rental income with option of finance facility for UAE residents and non-resident clients. In addition, the company will use the popular industry platform to meet the untapped broker/channel partners of the region's real estate sector and offer lucrative incentive schemes to them. Vincitore Palacio is G+4 storey development being built in a European architectural style to be completed by May 2017. It features 175 units of comfortable studios and spacious one- and two-bedroom apartments. The highlight of the residential development, however, is its urban sophistication, bespoke luxurious lifestyle amenities, Ornamental façade, dazzling designer elevators and corridors, superior quality fittings. Vijay Doshi, Founder and Managing Director, Vincitore Real Estate Development, said: "Cityscape, the Middle East's highly popular real estate exhibition, will help Vincitore Real Estate Development create brand awareness for both the company and the project. It is a perfect platform for us to reach out to investors and buyers and create high visibility for Brand Vincitore and Vincitore Palacio which is the first of its kind residential development in Dubai to be quality controlled by Germany-based TUV Nord (ME). We are confident that our participation at Cityscape will help us tap into the new international markets as 1 million square feet of branded quality real estate is in the making as we launch more projects in near future such as Vincitore Boulevard and Vincitore Heights in Arjan, (Al Barsha South) heart of Dubai." Vincitore Real Estate Development will be present at stand SAG 30 at the venue's Sheikh Saeed Hall during the three-day event.
Well people said around Ramadan it would drop off... It didn't... Quite the opposite. Patiently waiting for news and hopefully a share buyback.
Yep. Since it is priced in USD you might need to call your broker to buy.
This is AIM listed right?
On look out for more plots in Arjan.
Great find draft .. Put it on Twitter
Vincitore Real Estate Development has announced that its first property project in Dubai has attracted strong investor demand with 90 percent of phase one sold out. The AED135 million ($36.7 million) Vincitore Palacio project was launched earlier this year with starting prices of AED 475,000. The residential project is spread over an area of 200,000 square feet at the Arjan district in Dubailand and will be ready for handover by May 2017, the company said. Vijay C Doshi, founder and managing director, Vincitore Real Estate Development, said: "Even at a time of softening property prices in the UAE, demand for quality developments that offer value par excellence to investors remains high. "Positive response for Vincitore Palacio not only reflects the strength of Dubai's real estate sector but also effectively fills the gap for affordable yet branded, premium homes that reflect style, elegance and luxury while fulfilling Dubai's sustainable energy requirements." Featuring a total of 175 units of studio, one and two-bedroom apartments, each with a sun deck, Vincitore Palacio offers round-the-clock secured access with video intercom and security services, as well as a temperature-controlled swimming pool, gymnasium with steam and sauna facilities.
Lol David Greece hasn't studied this company. Unlike his axm it can only dilute shares at NAV which stands at 100. The directors run the Lootah group in Dubai and they are big. They have around 8 million dollars cash in the bank. 2 plots to be sold and the last one sold for 30% premium to book value. They directors have said they will pay a dividend. Personally I hope it drops another 20% to load up.
y. With Dubai being awarded with Expo 2020, the board of Tejoori are confident in their being a positive boost to the local property markets and as a result we foresee good prospects for our recently acquired properties in Arjan and them generating value for shareholders in the future. We will keep our shareholders posted on our developments.
Looking forward to the 2 PLOT sales close to dubai world expo, 2020 so sites now command a premium
No.
Nice entry price $16mill in plot sales to come
Not willing to wait for next two plot sales
Decisions.
Yes I'll actually reveal I'm going to dubai soon and I will go look at the plots myself
Bagged this one from 0.1 and fact is they are going to pay a divi or buyback. Glad the price is dropping up as I will just top up.
I never bought cuz of some email. I bought cuz this share is off the beaten track, had shown huge gains, will continue to do so. Cash is king.
And I'm going to go further 200% up on sale of both plots.
TJI has around $3.5m. in cash, + $6.5m from the sale of the plot. That's circa $10m. Say $9.5m just to cover costs etc... Costs are negligible in this company so this more than covers two/three years... The two remaining plots are for sale at an asking price of $7.5m. (at least for one of them), I believe they are now worth slightly more than the 1st one, but assuming they were both sold @ $13m. ($6.5m each as well), that would mean that the company should have $19.5m. to give back to shareholders, and it is currently valued at $11m. / $0.395/share @ $19.5m. it would be: $0.70/share I do not think the SP will rise much over $0.6/share upon announcement of the shares but I am in because I believe shareholders will be given back $0.70/share soon, that's nearly a bagger and I am very happy with that because it is extremely safe... In the unlikely event that they do not announce another investment, the SP could spike higher even and I might hold or sell depending on the investment made. With regards to the email propagated recently on Twitter, whilst it may not be real, the investment here is very real... This is not a tech. with high risk or a miner that could go bust in 6 months' time... DYOR Vision
am i correct in thinking BEKON as a whole was sold to eggerman for 2 million euros? not tji's 10 % as most people mistakenly read it? tji didnt get a bean and have a cash position of about 9 and a half million? if the arjan plots sell for 7 mill each this might do 100% but not 200 and certainly no where near 300% people also need to bare in mind even if the 2 plots sell the sp wont get to a price that reflects cash. there will be no buyers up there, why would you pay a dollar to recieve a dollar back ? that would just be stupid ....
Leon, they got 0 from the sale of Bekon and were forced to sell but Bekon is what allowed them to keep being listed in the event all the plots are sold because of the way this one is set up (Sharia law and all that Jazz). Now if they sell the remaining 2 plots, they will no longer have any money invested in anything and would need to de-list and pay back shareholders, so depending on the sale of the 2 remaining plots, 2.5 bagger is still on the cards if that happens! Only thing I do not know is how long they have before they either have to pay back shareholders or invest in something else? Which ever way you look at it though, return here seems guaranteed as it is trading at just over cash levels...
They could reinvest the cash for an even bigger return by the way
when they sold the last plot they said a portuon may be returned to shareholders, when are we expecting this to happen if it does? after all 3 plots sell or before?