TASWEEK Real Estate Development and Marketing PJSC, an advisor and solutions provider serving the regional real estate markets, considering their performance a surge in the net profit for 2013, its fifth straight year of profit and continuous growth makes it worth to serious consideration for IPO as the real-estate industry growthflourishes.
With the mixed-use development of TASWEEK 250 million USD portfolio from residential,commercial hospitality and healthcare as also the other investments planned by TASWEEK in Abu Dhabi, Dubai and other parts of the Gulf, have further accentuated the depth of the company’s portfolio and its international reach of assets amidst the increasing confidence in the real estate sector and heightened optimism among the investors and buyers in the region.
Mr. Masood Al Awar, CEO of TASWEEK Real Estate Development and Marketing, said: “As we see an amazing growth period for the real estate sector, we are proud of our achievements so far as one of the leading players. We expect ourperformance in 2013 to be of a consistent growth over the last five year, our enviable portfolio of the investment and the encouraging market potential in the real estate sector is very encouraging of an IPO model as the market growth is very promising”.
He added: “Last year, we witnessed amazing growth across various investments. We are quite bullish to continue this amazing trend in 2014 and achieve even greater heights with our partners, stakeholders and our customersin this growth march.”
Mr Al Awar added: “Amidst this positive growth trajectory, we shall draw from our commitment to accountability, integrity and professionalism to achieve another year of growth and vision. We expect a lot of investment across other business sectors as well – more so with the Expo 2020 win, which will bring in more capital inflow into the UAE and overall augurs well for our growth.”
The impressive results comes amidst a study by TASWEEK which revealed that the real estate industry offers amazing returns on investments between 9% and 12% per annum in the short and long-term. TASWEEK Real Estate Development and Marketing has been showcasing its two core competencies of networking and extensive market knowledge as it continues its expansion into the international markets.