Momentum Group set to foray into Dubai market

Dubai / Gulf Time

After having firmly entrenched itself the world over Momentum Group is all set to foray in the multicultural cosmopolitan Dubai market which is synonymous with the posh shopping malls, penthouses and where the real estate and tourism activity is fast returning to normal.
The three-decade old group under the able guidance of Gamal El Hakim – Chairman and Seif El Hakim – Vice Chairman & Global CEO has traversed as long way and has created waves in the real estate and tourism sector with their projects is now all set to charm the connoisseurs of real estate, tourism and food services in Dubai.
Gamal El Hakim – Chairman, Momentum Group said, “with presence in over ten international markets and coupled with over three decades of experience, the group today is the one of the largest independent residential leisure real estate developer, sales and marketing group in the Middle East & Africa region. Dubai expansion comes at the right time to fulfill the group vision.”
Seif El Hakim – Vice Chairman & Global CEO, Momentum Group elaborated what his group specialises and said, “The UAE remains a lucrative market for local and global investors. We have interests in real estate development, real estate sales & marketing, fractional ownership & real estate travel, real estate consulting services, real estate project management & iinvestment, franchising, real estate & travel life style services, wellness services, hotel & resort management and retail and food services.”
As per the figures issued by Dubai Land Department (DLD) recently Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million.
Momentum’s focus is focused on delivering superior and unprecedented client service levels and real added value which has led to its growth and prosperity while maintaining its ethical conduct ensuring its clients financial security and happiness.
Speaking at length about his expansion plans, Seif, said, “Dubai was on my map for expansion and finally we have opened a branch here. I strongly advise investors to follow my footsteps. Real estate investment in Dubai offers one of the highest rental yields in the world, Dubai is one of the fastest growing cities in the world in terms of population, it has a world class infrastructure, booming tourism, strong & transparent regulations, safe & stable, tax free & freehold and provides property investment visa for properties above AED 1 million which no other city in the world offers.”