2013-01-21 13:18:58 - Dubai’s real estate rebound has positioned emirate as one of the strongest global markets for 2013
Al Basel Real Estate Brokers, a leading boutique real estate brokerage firm under the Al Basel Group of Companies that provides advice and handles the purchase and rental management of high-end property projects in the UAE, has reportedly achieved over AED 50 million from sales and rental business from its Dubai-based projects during the fourth quarter of 2012. The company’s outstanding performance over the mentioned period has out grossed sales recorded over the last four years. Al Basel’s vibrant standing is attributed to the strong response on the projects they have on offer, which includes offerings from Emaar, Nakheel and Deyaar in areas of Business Bay, Silicon Oasis, Arabian Ranches, Burj Khalifa Down Town and the Palm Island.
Al Basel’s excellent
performance complements recent industry reports where Dubai, alongside Moscow and Miami, are expected to emerge as the strongest global markets in 2013. Experts have revealed that despite the current economic gridlock, these cities are set for growth and great performance, globally. Looking to play a significant role in the expected growth, Al Basel will be leveraging its wide range of services, knowledge and products across potential local and expatriate investors looking to invest in the emirate.
In addition, real estate analysts have taken note of Dubai’s real estate rebound, wherein high-profile projects that were once stalled as a result of the global economic gridlock have now resumed construction. Proof of the rebound is evident in a recent report from the Dubai Land Department, showing that the number of property transactions in the emirate jumped 50 per cent during the first half of 2012 as compared to 2011. Another show of the emirate's revitalized real estate segment can be seen in the increase in the prices of residential properties in prime locations like the Downtown area and the Dubai Marina area, which has risen to about 15 per cent this year. Dubai's resurgence can mainly be attributed to its showcase of stability and security--a safe haven for potential investors.
“2012 was truly an exciting year for the company, marking significant breakthroughs and achievements for us. We are proud to report that our sales and rental business in the last three months of 2012 has already outperformed what we recorded in the last four years. As we enter the New Year, we remain confident in the arrival of more business opportunities as Dubai continues to emerge as a global hub for business. Accordingly, we hired an additional leasing specialist and are planning to hire two more sales agents, to help manage the expected demand in 2013. Rest assured, we will continue to remain steadfast in our commitment to develop a diverse portfolio of unique and innovative brokerage services that are aimed at encouraging higher quality and best practices for commercial and residential offerings while at the same time attracting more potential investors into the emirate,” concluded Basel Al Kasem, CEO, Al Basel Real Estate Brokers.