Al Basel Real Estate Broker, a leading property sales intermediary, has announced that it has recently attracted four elite investors to set up initial investments in Dubai worth a combined total of over AED 100 million.
The first-time investors in Dubai's booming property market include members of royal families in Saudi and Kuwait, while negotiations are underway for leading figures from royal families in Bahrain and Qatar to likewise invest in Dubai.
"Foreign demand for real estate in Dubai is mainly determined by investor confidence. Consequently, development projects in Dubai have taken into consideration the requirements of foreign buyers, who constitute a significant market for Dubai developers. This has created a surge in foreign demand, and the subsequent influx of foreign investments in the real estate sector has created a strong demand for reliable residential and commercial brokerage and consultancy services," said Basel Alkasem, Chief Executive Officer, Al Basel Real Estate Broker.
"As one of the leading firms in the UAE, Al Basel Real Estate Broker has been a direct recipient of the property boom as we continue to accommodate a growing portfolio of high-profile clients," added Alkasem.
H.R.H. Princess Al Bandary Al Saud and H.R.H. Prince Dr. Husam bin Saud bin Abdul Aziz Al Saud, who are Al Basel Real Estate Broker's new clients from the Saudi royal family, and United Real Estate Company (URC), the leading real estate company in Kuwait and the Gulf, have forged brokerage deals with Al Basel Real Estate Broker to invest in villas in Falcon City. Al Basel Real Estate Broker has also sealed a deal for H.H Sheikh Abdulla bin Ibrahim bin Deij Al Sabah to invest in apartments in B&M.
H.R.H. Prince Dr. Husam bin Saud bin Abdul Aziz Al Saud holds a PhD in economics and has been author of numerous research and studies. He is also a Professor at the King Saud University and is a member of the Davos Economic Forum. URC's investment moves in Dubai have been spearheaded by H.H. Sheikh Abdalla Naser Sabah El Ahmad Al Sabah, who is the Chairman of URC Company. Educated in the US, H.H. Sheikh Abdulla Naser Sabah El Ahmad Al Sabah is an important royal family member in Kuwait who is also a Director at KIPCO, one of the leading holding companies in Kuwait and the Gulf.
With 20 years experience in the UAE, Al Basel Real Estate Broker has built a solid reputation as a high-performing industry player. Targeting high-end investors for mega projects, particularly foreigners who are first-time investors in the UAE, the company has been appointed as sales agent for the Falcon City of Wonders and B&M, among others.
Al Basel Real Estate Broker aims to intensify its expansion program in the region to take advantage of more than 2,100 projects being developed and planned for the Gulf, which have a total value of more than USD 1 trillion. Also boosting the company's growth program is the growing demand for dependable real estate brokerage firms because of the complexity of the procedures associated with property transactions.
