26 March 2006
Dubai: Reflecting the robust demand for property in Dubai and its rising stakes in the business, Bin Haider Real Estate yesterday said it had wrapped up deals worth Dh500 million in the local market in less than a year.
Ali Abdullah Ali Bin Haider, president and chairman of the Bin Haider Group, said: "The real estate market remains buoyant and there is no dearth of buyers for the best offerings. Bin Haider Real Estate is keen to capitalise on this growth. Our new projects in the UAE are designed according to demand patterns.
"For instance, in Ajman, we offer luxury apartments with state-of-the-art amenities at affordable prices. In Dubai we cater to the demand for residential and commercial space in locations with high potential such as International City and Investment Park."
The biggest transaction Bin Haider concluded during this period was for Dh100 million in Dubai Marina. Mukesh Dhakan, managing director of Bin Haider Real Estate, said: "Bin Haider successfully clinched deals for 190 properties roughly aggregating Dh500 million.
The sales mix comprised properties at premium locations such as Dubai Marina, Jumeirah Lake Towers and Palm Jumeirah.
Besides attracting buyers from neighbouring countries in the GCC, the demand pattern also reflected interest from investors outside the region.
The trend is a positive indicator for the real estate market in Dubai, signifying a new stream of investors that will strengthen the fundamentals of the market.
By Staff Reporter
Gulf News 2006. All rights reserved.
