The Growing Interest Of Russian Investors For Dubai Property

Last August 2014, the ruble hit record low against the US dollar because of the ongoing financial crisis in Russia. Soon enough, the Russian currency begun to stabilize and now hovers at 62 to 65 rubles to the US dollar. This means that properties denominated in US dollars or currencies that have been pegged to it have become 28% cheaper in ruble terms.

According to the real estate portal PropertyTrader.ae a significant increase in inquiries for Dubai properties has been noted during the first half of 2016. Umer Ali, the sales director of the company, said that 6% of the overall traffic in January last year came from Russian investors. In July, traffic increased by 17%, a very significant upward trend. This shows that Dubai is still a very popular city for real estate investors in Russia.

Property firms in Russia confirm that the interest over Dubai property is back as more and more Russians are interested in property investment. Russians consider Dubai as a safe haven to park their money overseas particularly in brick and mortar investments. Dubai properties continue to be attractive to foreign investors but surprisingly, investments are no longer limited to the affluent Russians but investors with smaller budgets.

It is common for Russian investors to be attracted to the premium real estate of Dubai which is relatively cheaper if compared to other cities like London, New York, Paris, Hong Kong or Singapore. Dubai has a favorable climate and tax-free environment. The city has excellent health and transport infrastructures with abundant entertainment facilities that are very interesting to real estate investors.

Dubai ranks ahead of other popular cities in terms of inquiries from potential Russian investors. Among its advantages is the variety of elite properties that are being offered for comparatively low prices. Even studio flats and small apartments are getting a lot of inquiries.

In Thailand, one of the most popular investment options is investment property in Karon because of the potential revenue from tourist rentals. Phuket with its long stretches of beaches and natural beauty is very popular among tourists and a real estate investment guarantees generous profits.

 

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Addison Lee Acquires Flyte Tyme To Boost International Growth

Addison Lee has recently acquired Flyte Tyme, a US executive car firm for $25 million (£20.5 million) to boost its London-based cabbie into one of the largest global chauffeur companies in the world. New Jersey-based Flyte Tyme is the 4th largest executive car operator in the United States with its 375 drivers. The company generated at least $65 million in annual sales last year. With the acquisition of Flyte Tyme, Addison Lee will add airport transfers, event transport services, shuttle services and black car operations to its portfolio.

The deal with Flyte Tyme marks Addison Lee’s 10th acquisition within the last 6 years. The acquisition is part of a strategy intended to boost international growth and to be able to leverage on mobile app in cities outside London. Addison Lee hopes that with the acquisition of Flyte Tyme, it can compete with Uber ride-sharing services, a very stiff competitor in the transport industry.

Last July, Addison Lee acquired Middlesex-based up-market taxi company Tristar that has operations in 80 countries. A year earlier, Addison Lee acquired Cyclone VIP Cars and Couriers that is based in London. In order to strengthen Addison Lee’s existing business in North America, it acquired Flyte Tyme to boost its annual global sales to $400 million.

Addison Lee’s latest acquisition is an important moment for US private equity firm Carlyle Group because of the strong combination Flyte Tyme’s presence in North America with Tristar’s global operations. With Addison Lee’s digital booking platform, Carlyle Group can now be called the leader in ground transportation industry. For the very first time, ground transportation services will be globally managed from a single platform.

To think that Addison Lee started only from one car owned by ex-cabbie John Griffin in 1975 to grow into a fleet of more than 4,800 in Central London. 10 million passengers enjoy the services provided by the firm as they travel across the capital.

Travel from your hotel in Port Douglas to the Cairns airport can be daunting particularly if you are not familiar with the city. However, you have the option of Port Douglas shuttle bus to Cairns airport to enjoy a relaxing and comfortable journey.

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Importance Of Car Signage In Sydney

One of the common goals of business establishments is to make their product relevant in the industry. To make this happen, a company need to take his business right where his targets are. If you are a manager, your primary challenge is to make your targets customers aware that your product exists and is available in the market. To do that, you should employ effective marketing strategies to encourage more customers and one of that is to come up with a car signage Sydney. There are several advantages of wrapping your service vehicle with your brand. Some of these include the following:

Increase customer awareness

Your product will not be patronized as much if your intended buyers are not aware of your product. With a vehicle roaming around with your brand on it, people will know about your product. It would serve as your company’s business card. With frequent sighting of your vehicle, it will enhance your customer’s memory recall. Chances are, they will remember your product or the services you offer when they need it. The more you use your vehicle around, the more your brand is exposed to your potential customers.

Free advertising

Advertisements can cost thousands of dollars depending on the platform. A few seconds of radio advertisement can amount to hundreds of dollars and when accumulated, it could create a dent on your overall budget. Why would you spend so much when you can advertise your product for free through a car signage Sydney? When driving your vehicle around the city, you are already doing a subtle advertisement without spending a dollar for it. You are increasing your product’s popularity and when coupled with excellent customer service and high quality product, there is no reason why your product would not climb higher in the industry.

Bigger customer reach

Using a car signage in Sydney reaches more customers since the vehicle is mobile. You reach different customer demographics and locations. To make your free advertising even more effective, make sure that you contract an expert car signage and graphics designer who will do the vehicle wrapping for you.

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Business Advantage Of Tax Investigation Insurance

Regardless if your business venture is just starting out or your company is already established, you are not still excused of being subjected to tax audit investigation especially if the concerned government agencies see reasons to check on your returns and accounts.  However, being subjected to tax audit enquiry doesn’t necessarily mean that your documents are questionable. The government conducts random checking on corporate and personal accounts to ensure that everyone complies with the government’s tax requirements. If you follow the law down to the last letter, there is nothing to worry about. But then again, even if your records are clean, you would still have to shoulder the professional expenses accrued during the process. This is where tax investigation insurance could save the day.

Tax investigation usually takes several hours to days and the entire proceedings could cost thousands of dollars to the company or individual being investigated upon. If you are not ready financially, this could take a heavy toll on your savings and may even compel you to file a loan from the bank. To do away with all the worry, talk to a representative from a tax investigation insurance on how you can be assisted with. Some of the reasons why you should take insurance for tax investigation include the following:

  • Tax investigation insurance covers professional fees to accountants, auditors, solicitors and other government authorities incurred during review and audit of lodged returns. This also covers transportation and accommodation expenses if the officials need to travel due to the investigation.
  • Another advantage is that you can avoid professional fee disputes with accountants and government officials since the insurance agency will handle all the payment.
  • Payments to concerned individuals are fast and prompt so you get peace of mind along the process.
  • With tax investigation insurance, government officials or those who need to be paid with professional fees get exact payment.

As a reminder, tax audit investigation must be instigated within the cover period so for clients to claim the insurance coverage. Otherwise, the insurance policy cannot be claimed.

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Australian Start-Up Making Self Storage Easy For Millions

Anyone who has moved homes has encountered the feeling of owning a lot of stuff. And, having to travel a bit of distance to the nearest self storage facility does not help.

Roland Tam and Mike Rosenbaum created an Australian start-up called Spacer, which is addressing the inaccessibility and high costs of the traditional self storage spaces. How it works is it lets people rent other people’s underutilised spaces, thus providing an extra garage, parking space, shed, or backyard.

Spacer as a source of income

There are spaces that are usually overlooked but can actually be a passive source of income. Rosenbaum, who is also a co-founder of the e-commerce site Deals Direct, said that he got the idea from his travels to the Silicon Valley, where he fell in love with how the sharing economy is booming there.

Uber and Airbnb have done extremely well, and Rosenbaum has been looking for something that he could take back to Australia and saw that the next big thing would be in the sharing economy.

Rosenbaum said that in his previous start-up work, he came across self storage services when he transferred to a small office.

He did a research on the market and discovered that traditional self storage was somewhere around a billion-dollar industry in Australia.

More people have been moving to smaller apartments or homes, and they need additional space.

But, where do they store their stuff? Rosenbaum has launched Spacer to address this issue.

The past, present and future of Spacer

Spacer was launched with an initial capital of $1.2 million during October 2015. The services were only available back then in Sydney. Gaining initial traction was difficult during its first few months, since the supply was not keeping up with the demand.

Spacer has since then been launched to Australia’s major capital cities and has helped people capitalize on unused spaces as a secondary form of income, while lowering down the self storage costs.

Spacer hopes to become an international marketplace of space. It already has its eyes set on Asia including Hong Kong, Tokyo and Singapore, where the space is even a bigger issue because of high density.

Summing up

When looking for self storage in Sydney or in other parts of Australia, surely Spacer can help address this concern.

 

 

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