Nest Seekers Not Afraid of the "Middle East"

Nest Seekers Not Afraid of the "Middle East"

May 1, 2006

Nest Seekers Not Afraid of the "Middle East"

Strong Rental Market, Tax-Free Living and Year-Round Sunshine
Spur Interest and Sales in Dubai

May 1, 2006 - (New York, NY) "With summer coming, we have the usual suspects: there are The Hamptons, and there is Europe," says Jeff Glovsky, VP of Global Sales at Nest Seekers International. "Most people don't think about Dubai", where agreeable pricing ("luxury can still be found at under US$500/sq. ft."), 97% occupancy, 0% taxation and 365 days of sun per year make the very Western feeling Middle
Eastern financial and technology center a prestigious and viable
long-term option. With many Western firms already on the ground in Dubai (CNN, Microsoft, IBM) and new global players regularly announcing their own plans to launch Dubai operations (Goldman Sachs is among the latest), housing demand currently outstrips supply.

Real estate development is booming, land is at a premium and the rental and re-sale markets are extremely strong. Yet, on the man-made islands of Palm Jebel Ali and Palm Jumeirah, second and third market prices--sales offerings from the owner or second owner of a property, rather than from the developer directly--begin at well under $1,000/sq. ft.

"Everyone has their image of what it might be like" to live in Dubai, "or to invest there," says Glovsky, who adds, "The most common response at first is bemusement, like 'what'll my friends or parents think?'; then, as things start to make sense to them, there's an incredible thirst for information. So far, Nest Seekers International is the only New York brokerage firm that can not only provide accurate information, but then also fully service the Dubai option."

Working directly with DAMAC Properties, the development arm of the Dubai-based DAMAC Group, as well as in exclusive partnership with MAC Properties Dubai, a local real estate firm, Glovsky offers Nest Seekers International clients direct access to one of the world's hottest--and in the U.S., as yet overlooked--global real estate markets.

To view all of Glovsky's international properties, visit his Web site at http://www.nestseekers.com/Company/Agent/399
Contact Jeff Glovsky:
Telephone: 646-443-3720
Cell: 917-446-4200
Fax: 212-252-9347
jeffg@NestSeekers.com

About Nest Seekers:
www.nestseekers.com
Nest Seekers International is a real estate brokerage firm with
multiple boutique offices in prime New York City, Brooklyn, Hamptons and South Florida locations. Led by CEO Eddie Shapiro, Nest Seekers has over 150 real estate agents, in-house staff and a management team of top sales and marketing professionals. The company specializes in residential and vacation home sales, rentals and corporate relocation
for the modern "nester." Nest Seekers' commercial sales and leasing team facilitate real estate transactions worldwide. Its Cross-Media Marketing Group creates leading-edge advertising and promotions for new developments by utilizing technologies such as 3-D and Flash along with the latest in print and Web design. Nest Seekers' mission is to provide superior real estate services to customers in local markets through global community presence.

Contact:

Kristina Natasha Lanuza
Public Relations
Nest Seekers
M 917.930.1736
kristinanatasha@gmail.com
http://www.nestseekers.com