|06 November, 2019

Dubai Land Department recognises Real Estate for the largest transaction

The firm has recorded an iconic single transaction worth AED 635 Million at Dubai Creek Harbour

Dubai, United Arab Emirates:Dubai Land Department have awarded a certificate of appreciation to Dubai leading real estate brokerage, Fam Properties. The firm has recorded an iconic single transaction worth AED 635 Million at Dubai Creek Harbour

CEO of Fam Properties, Firas Al Msaddi received the certification recently at a private gathering at Dubai Land Department and RERA HE Sultan Butti bin Mejren, Director General of DLD; HE Marwan bin Ghalita, CEO of RERA; and the CEOs of DLD's sectors

Al Msaddi commented: “If the opportunity is known to everyone, it is no longer called an opportunity” He added, “When they asked me in DLD on my experience executing this transaction in such market sentiment, I said; during my 12 years in the real estate industry in Dubai, I repeatedly hear people saying if you want to succeed in the real estate investment go for “Location, Location, Location”. Well, I say it is all about “Knowledge, Knowledge and knowledge”. When investors are being guided by the right knowledge partner who can feed them with in-depth market analysis and understanding, the right location will be identified, the right developer, the right project, the right entry and exit strategy. I can confidently say it is our *10 years* real estate knowledge and experience with individual and institutional investors is what allowed us to execute this and many other transactions of similar size during the past *10* years.”

Al Msaddi continued to explain his strategy, “We simply *sold the truth of today's market, because it is indeed an opportunity when approached right* we backed up our offerings with market data, statistics and historical price trends that form a clear evidence of today’s opportunity in Dubai Market. Yes, not everyone can see it and that is why it is an opportunity. I can tell you that every single investor who have invested in 2010 / 2011 and sold 14 / 15 made a fortune in Dubai. The city is being built and there is a lifetime opportunity for smart real estate investors.”

The key to any successful investment is in making a well-educated decision grounded in the right market knowledge, in-depth and understanding. “Over the years, Dubai has allowed investors to earn unparalleled capital returns. The market has a lot to offer now and I would say it is on  par with that of any leading city in the world. Investment opportunities in Dubai are open to anyone from anywhere in the world. By investing in real estate, the city allows people to benefit from its growing economy.” said Firas Al Msaddi

Despite today's market sentiment, this was one of the biggest single transactions, in the recent years, successfully done by Fam Properties. It only goes on to show the raw potential of the Dubai realty sector, and we are very honored that this is recognised and appreciated by the systematized Dubai Land Department and RERA.

“We are arriving to the upcoming iconic event - the Expo 2020, with an amazing affordable price that provide great value for real estate investors. There is an approximate 25 million people to visit the city, not only creating a massive advantage for many businesses, retailers in various markets, but also a never like before boosting demand for Dubai real estate.” he added.

As Dubai remains amongst the top locations for investors seeking return on investment in the long run, the Dubai Land Department (DLD) continues with its efforts to boost the demand for Dubai real estate. Initiatives like renouncing certain penalty fees and the Dubai Government’s initiative of offering a 10-year residency visa for grand investors are placed to motivate the market.

For more information on Fam Properties https://famproperties.com/ 

Instagram - @firas_al_msaddi

https://instagram.com/firas_al_msaddi?igshid=myhtwozxe8gy 

Linkedin - Firas Al Msaddi

https://ae.linkedin.com/in/firas-al-msaddi 

© Press Release 2019

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