Plans by Tasweek Real Estate Marketing and Development, an Abu Dhabi-based property advisor and solutions provider serving the Middle East real estate markets, to create a USD250 million realty portfolio from Dubai and Abu Dhabi markets were discussed by CEO Masood Al Awar in a speech delivered before an exclusive CEO Lunch held today (Monday, October 5, 2009) at the Bubble Lounge in the Dubai International Exhibition Centre.
The CEO Lunch was an informal networking opportunity which gathered around 50 CEOs from across the real estate industry. Masood joined Cityscape Dubai 2009 Managing Director Rohan Marwaha and Royal Institution of Chartered Surveyors UAE Chairman Martin Seward-Case in discussing key industry trends, issues and best practices. In his speech, Masood noted that TASWEEK would focus on providing property solutions based on values such as knowledge, integrity and professionalism. He added that the market correction being witnessed in Dubai is opening up numerous investment opportunities all in one place, under one roof, Cityscape.
“Now is the right time for our industry to adopt a more cooperative rather than competitive attitude, for the sake of our valued investors and customers. The upcoming 2009 edition of Cityscape here in Dubai will reveal numerous prospects which we should pursue keeping in mind the values we are committed and the UAE’s leading status in the region in terms of investment returns. For TASWEEK, we believe the only way to do business is to incorporate knowledge and integrity in all our activities,” said Masood.
Just recently, TASWEEK announced plans to acquire properties in free zones and investment zones in Dubai and Abu Dhabi over the next 18 months. Among the locations being considered by the company are Dubai Marina, Jumeirah Beach Residence and Jumeirah Lake Towers in Dubai and Reem Island, Al Raha Beach, and Building Material City in Abu Dhabi. The planned acquisitions are aimed at achieving a return on investment of at least 10 per cent and expanding the company’s core competencies of networking and professionalism.
“Real estate ownership is not only about building a portfolio, but is about emotional investment as well. We want our clients to feel that we have done our best to provide them with the kind of property that meets their special needs amidst a turbulent market,” concluded Masood.
© 2000 - 2019 Al Bawaba (www.albawaba.com)