He stressed that UAE real estate outperforms its global counterpart in attractiveness and returns
Al Muhairbi: "Expo 2020 Dubai" contributes to the rise in real estate prices
Expo 2020 Dubai will be the most important global event in the coming period.
archival
Khalifa Saif Al Muhairbi: "The real estate sector in the UAE has proven its strength and position, and its ability to recover quickly."
picture
The Chairman of the Board of Directors of the Arabian Gulf Investment Company, Khalifa Saif Al Muhairbi, stated that many real estate properties in Dubai and the rest of the emirates of the country have witnessed a significant increase in their prices, with the support of the approaching events of (Expo 2020), and this heralds the achievement of the sector's performance well with the high demand for purchase. Ownership, which will increase even more during the exhibition activities, and the period thereafter, confirms that the real estate sector is the most suitable for investment during the current and future period.
In detail, the Chairman of the Board of Directors of the Arabian Gulf Investment Company, Khalifa Saif Al Muhairbi, confirmed that "the real estate sector in the UAE has proven its strength and position, and its ability to recover quickly, in conjunction with the high demand for the purchase and ownership of housing units and the purchase and circulation of land in various parts of the country." He explained that UAE real estate has succeeded in outperforming real estate in various countries of the world in terms of its attractiveness, and the appropriate investment returns that it achieves for investors and buyers alike.
Al Muhairbi said, on the sidelines of a meeting with representatives of international real estate companies: "The real estate sector in the UAE has proven its durability and strength, and the interest of international investment companies in working and investing in this sector in the country, which contributed to the high demand for real estate and thus its prices as well."
He continued: "The Arabian Gulf Investment Company is currently holding meetings with major international investment companies, as well as organizing a tour in a number of international capitals in order to promote and introduce the real estate sector in the country and opportunities to attract new foreign investments, in addition to launching quality real estate projects and keeping pace with The development that the sector is witnessing is accelerating, especially with the country imminently hosting Expo 2020 Dubai, which will be the most important global event in the coming period.”
He revealed that (the company) has expanded in Abu Dhabi and Dubai, along with a number of international capitals such as Cairo, London, Toronto, India and Saudi Arabia, and intends to open more representative offices in Spain, Italy and other countries, in order to promote and introduce the real estate sector and investment opportunities in the UAE.
He stated that the real estate sector in the country recorded in the first half of this year a performance that exceeded expectations, in terms of sales and trades, which proved that the real estate sector constitutes one of the most important investment sectors in the country, noting that the real estate development, construction and construction companies listed in the country’s capital markets have achieved in turn. Positive results and an increase in profits and revenues, which boosted confidence in this vital and important sector.
He said: "With the approaching launch of the (Expo 2020) activities, many real estate in Dubai and the rest of the emirates of the country witnessed a remarkable increase in their prices, and this bodes well for the sector's performance with the high demand for purchase and ownership, which will increase even more during the exhibition activities, and the period of After the exhibition, which confirms that the real estate sector is the most suitable for investment during the current and future period.”
He added: "The approach of the Expo 2020 Dubai requires us to work as one for the sake of the country, and to properly display this major global event, which will show the prestigious position that the UAE has achieved thanks to the vision and efforts of the wise leadership of the UAE government."
He continued: «We are witnessing in the current period the influx of more investors and new businessmen to the country who are looking for investment opportunities to work in it, or to reside and launch their own projects, in light of the encouraging business environment, and the reduction of fees for issuing licenses, which contributed to revitalizing the business environment in the country. and enhance its investment attractiveness.
Golden Residence
The Chairman of the Board of Directors of the Arabian Gulf Investment Company, Khalifa Saif Al Muhairbi, confirmed that the UAE government's granting of golden residency for 10 years to doctors, talented and businessmen has contributed greatly to making the UAE the right destination for them to work and residency, and this will prompt them to think about buying Own real estate to reside in, or benefit from the appropriate returns that it achieves.
He stated that the coming period will witness an increase in the demand for buying and owning real estate in the country thanks to this important step, noting that real estate in the country still maintains its attractiveness and its prices are considered appropriate and competitive.
Follow our latest local and sports news and the latest political and economic developments via Google news