Several foreign real estate firms are eyeing strategic partnerships with the UAE’s top property players to capitalize on the positive outlook for the local market. A number of long-postponed major developments in Dubai – the acknowledged real estate hub of the Middle East – are being reactivated, indicating resurgent investor and developer confidence.
As part of efforts to capitalize on the buoyant industry, TASWEEK Real Estate Marketing & Development, an advisor and solutions provider serving the real estate markets, has announced that it has signed a Memorandum of Understanding with British property consultants Robert Irving Burns (RIB). Under the terms of the agreement, RIB will solicit and source business opportunities for TASWEEK as well as assist in business due diligence and provide market data. TASWEEK in turn will support RIB’s business activities and evaluate mutual funding opportunities in both Markets of UAE and UK. A joint venture office will also be set up by TASWEEK in Abu Dhabi.
“The UAE has done a great job of maintaining its status as a property hub despite the market pressures of the past years. It is now starting to reap the fruits of its strategic handling of the real estate sector, as we are seeing renewed international interest in local developments. Our partnership with Robert Irving Burns affiliates us to a trusted name in British real estate that shares our passion for customer satisfaction and further globalizes our property and service offerings. We look forward to making significant contributions to the growth of the local markets together,” said Masood Al Awar, CEO, TASWEEK Real Estate Marketing & Development.
Established in 1962, Robert Irving Burns provides expertise across the full range of property services – from valuation to property management –to both personal and corporate clients. Each of its partners has been brought on board to cover a specific area of experience and responsibility. RIB’s objective is to provide clients with a rapid and positive response to their needs. The practice serves the Fitzrovia, Noho, Soho, Marylebone, Oxford Circus, City and West End areas of London.
Building on over 20 years of innovation and leadership, TASWEEK Real Estate Marketing & Development has firmly entrenched itself as a one-stop shop for property development and services. The company’s strength is based mainly on its two core competencies of networking and know-how. TASWEEK’s services include Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. It recently completed the planning of a USD 250 million property portfolio spanning a number of high-profile global real estate developments.