The company’s positive streak is attributed to the overwhelming response for their current portfolio of hot selling projects, which includes Downtown and Arabian Ranches for Emaar; DIFC and Business Bay for Deyaar; in addition to its strategic partnerships with leading property investors from places like Saudi Arabia, Qatar and other GCC countries.
Al Basel Real Estate also predicted achieving Dh250 million in sales for the first quarter of 2014. Looking to sustain its growth, the company has also revealed an expansion initiative that will be implemented in the next four months. The move includes the opening of a new branch in the Saudi Arabia, which is considered as the region’s largest and main real estate market.
According to Al Basel Real Estate senior executives, majority of today’s consumers who are looking to invest in real estate have preferred to deal with an experienced and highly professional firm like Al Basel, instead of going to new developers who have no references or actual projects delivered.
“The Middle East region’s real estate market continues to demonstrate strong vibrancy and continuous growth, which is highly evident in the increasing number of residential development projects across countries like the UAE, Saudi Arabia and Qatar,” said Basel Al Kasem, founder and managing director, Al Basel Group. “Owing to the industry’s continued growth, we have managed to generate over Dh575 million in sales in 2013.”
“At the rapid pace of growth that the company has experienced, we are looking towards hitting sales of Dh250 million for the first three months of 2014. The strong response that we have received from customers and potential investors has prompted us to expand our operations in the region, starting off with the opening of a new office in Saudi Arabia, the largest real estate market within the Middle East.”
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery
Local business2 months ago