2014-04-16 13:10:17 - Region’s demand for high-value international real estate expanding
April 16, 2014
Best Choice Real Estate Development, a leading Saudi Arabian real estate investment and development firm based in Riyadh, has said that many investors from the GCC region are now keen on purchasing high-value overseas properties based on the number of inquiries it has been receiving. This has prompted key collaborations with international developers; allowing Best Choice to promote and sell their properties to GCC investors. The company is targeting the booming international real estate sector particularly opportunities present in the Maldives, Turkey, Spain, Italy, and other key areas in Asia.
The company will soon unveil some of its new partnerships, particularly in Turkey where numerous investors are planning of buying and investing in the country’s real estate sector.
Industry reports showed that property sales to buyers from over 80 countries doubled in Turkey in the first six months of 2013.
Mohamad Rabih Itani, CEO, Best Choice, said: “GCC investors are showing strong interest in purchasing high-value overseas properties especially in Europe. We attribute this to the region’s financial stability, strategic location, and young population. Property prices are also starting to go up in the European market, which further attract investors’ interest. We present numerous opportunities to those who have expressed willingness to buy property across prime markets.”
The company plans to exclusively represent major developers and properties around the world, particularly from the dynamic markets of Saudi Arabia, Italy, Spain and Turkey, in the near future. A 5-star resort is currently in the works in the Maldives as well. Its founders have a combined industry experience of more than 30 years in Saudi Arabia and across the Arabian Gulf.
Best Choice is developing USD 100 million Vadinolhu Island located in Laamu Atoll in the Maldives to be ready in 2017 as a premier resort. Aside from developing the isle as a tourist destination, the international developer plans to offer lucrative investment opportunities to investors.