Dubai: After a second successive award-winning year in Dubai real estate, Firas Al Msaddi, CEO of fäm Properties, has set fresh targets for 2019 when he says at least 50% of the company’s sales will come from Chinese investors.
The Dubai Land Department (DLD) has honoured fäm Properties as the top-selling real estate agency in the emirate overall for 2018 with total sales of AED1.33 billion.
Al Msaddi has also been recognised by the DLD as the leading individual broker for 2018 with a total of 262 transactions.
Meanwhile, the agency recorded the highest volume of sales for master developer Meraas in 2018. It was the second year in succession that the company topped sales with the DLD and Meraas, while fäm’s brand was lit up on the Burj Khalifa by Emaar Properties to mark its performance last year.
“My first move was to call together my team, the best in Dubai real estate, to thank them for their efforts to ensure we achieved so much in what was a demanding year,” said Al Msaddi.
“But immediately we’ve set our sights on achieving higher targets this year, and I’m forecasting that 50% of our sales and above will come from the Chinese market.”
After conducting extensive research into Chinese investment potential for Dubai property, fäm will shortly be finalising a strategic partnership to maximise this.
“There is huge potential for Dubai real estate in the Chinese market and we’re adopting a strategic approach to give fäm a strong presence there and ensure we’re able to tap into it,” he says.
“The key for Chinese investors is to be able to deal with credible players in Dubai who have the confidence of the government and the major developers, and there’s no-one better than fäm in this regard.”
Caption: .
Ends-
For further press information please contact:
Lindsay Johnston / Sean Muir
Total Communications
Tel: + 971 4 4281502
Email: lindsay@totalcompr.ae / sean@totalcompr.ae
© Press Release 2019
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
