Kuwait Real Estate News
Kuwait-based MAS International to participate in the R&R Property Show
The Kuwait-based real estate marketing firm, MAS International Co. has announced its participation in the 5th edition of the Resale and Rental Property Show (R&R property show) to be held during the 7th and 8th September 2007 at Crown Plaza, Dubai.
The company plans to exhibit its Sharia compliant products at the show, which is being organized by DSL Exhibitions.
Their Sharia'a compliant luxury suites begin with 25,000 dirhams, wherein, customers are offered a stay of one week every year for 24 years, and the investor can expect a return beginning with 9%. The luxury suite complexes are located in the prime locations of the holy cities of Makkah and MAdina, with complete views of the sites and just a walking distance away from them.
MAS International will also present the Beneficiary Sokouk module, along with the marketing and investment services offered by the company. This makes MAS Intenational Co., as one of the largest in sales and management for Beneficiary Sokouk in the region.
The Asst. Marketing Manager of the company, Khairy Abuljebain stated "We at MAS International Co. plan to market real estate property solution in the two holy cities and we aim to provide every Muslim a chance to own luxurious suites at various sizes and affordable price in the holy cities of Makkah and MAdina. Our participation in the property show provides an opportunity to showcase the Beneficiary Sokouk module and our unique marketing and investment services."
The company has recently recorded various accomplishments such as the Zamzam Tower – one of the seven towers in the Al Bait Towers Project located close to Al Kaaba, Dar Al Qiblah located in Al Medina, the Bakaah Tower located close to King Abdulla Aziz Gate, and more.
About Beneficiary Sokouk:
Sokouk is a document that grants its owner, the right to benefit from something for a limited period of time. Beneficiary Sokouk is a rental contract of Islamic Sharia'a. Through Beneficiary Sokouk, the owner gets to benefit from an apartment for a long period of time, without actually buying or renting the property. The document confirms the availability of the apartments and meets the needs of various sections of Muslim population around the world. The Beneficiary Sokouk also offers the flexibility of changing the period of stay at the property and could be purchased, or sold, or gifted or inherited.
Beneficiary Sokouk is characterized by their low costs, offers flexibility in purchase and duration. It should be noted that the Sokouk prices are more stable, as they remain unaltered by various other market factors such as rents, and demand or supply pressures. The value of Sokouk, however, is subject to increase and forms a secure investment to the owner.
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