Eqarat.com drives high value investments through comprehensive studies on new community developments

Eqarat.com drives high value investments through comprehensive studies on new community developments
 
Company initiates Al Arabiya Real Estate Company’s AED 3.5 billion investment into mixed-use project at ‘The Lagoons’

Eqarat.com, a leading total solutions provider to the real estate sector, has driven a number of high value investments in the region through its comprehensive studies on community developments, which is a part of its wide range of property related services offered to its clients. The company has recently conducted an in-depth feasibility study on ‘The Lagoons’ for Al Arabiya Real Estate Company (AREC), a leading Kuwaiti-based real estate developer and investment company, following which AREC has invested AED 3.5 billion into a mixed-use project within the high value waterfront development located along the Dubai Creek. In line with its recommendation, Eqarat.com approached SAMA Dubai to facilitate the investment between the two developers, resulting in the ‘The Lagoons’ being identified as location for the high value mixed-use project.
 
As a strategic partner of AREC, Eqarat.com provided the developer with vital data on investment profitability and consumer insight within ‘The Lagoons’, which is the first project in Dubai to undertake a comprehensive Integrated Environmental Impact Assessment (EIA)-compliant standards across all phases of its development. Set to offer world-class freehold property ownership for all nationalities, the project is also being primed as the next important development in the mixed-use property market.
 
“Our longstanding presence in the regional property development arena has honed our capabilities in recognising opportunities, which has been the basis of our successful operations and strong relationship with both leading developers and high-value investors,” said Ali Hussein Al Rahma, CEO, Eqarat.com. “This partnership with Al Arabiya is a part of our aggressive campaign to further entrench our brand’s leading position in the regional real estate market. It gives us pride to have played a significant role in AREC’s first project in the UAE, and we are definitely looking forward to its official launch later this year.”
 
With an extensive project portfolio, AREC is a real estate organization focused on penetrating the GCC market, Egypt, Morocco and Iran. The company has built a wide range of projects across the region, from apartment buildings to five-star hotels to mega commercial centres, through which it has obtained a BBB rating classification for the third year in a row from renowned credit rating company - Capital Intelligence. Further, AREC has been ISO 9001 certified and this has opened up tremendous opportunities for the company to enter into any bid for most of the build-operate-transfer (BOT) projects, both locally and regionally.
 
“For our initial undertaking within the UAE’s radically evolving real estate landscape, we have made an important decision to partner with the leading real estate solutions provider in the region, which stands as a testament to the level of commitment we have for this project. In the midst of the tremendous pace at which the market is moving, the accurate and market-relevant studies and technologically-advanced systems offered by Eqarat.com has definitely worked to our advantage in determining the most profitable investments to undertake. We have full confidence that our project will generate great interest from regional and international investors looking to acquire property in a high-end community development,” said Amin Abdullah, Director General, AREC.
 
Since its establishment in 1991, Eqarat.com has worked towards becoming a leading turnkey real estate and property solutions provider by offering a wide range of services, from property consultancy to property sales services for individual buyers and sellers, as well as institutional investors and property developers. The company delivers highly customised services through its dedicated team of property experts who identify unique investment opportunities within the real estate sector. The leading solutions provider has recently undertaken massive expansion activities in the region, which involved the opening of new operations in Jordan and Oman with aims of leveraging its market knowledge and extensive know-how in new markets. Eqarat.com is best known for its dedication towards fulfilling its clients’ investment needs and by providing the highest level of customer satisfaction and updated information on the real estate market.