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ABU DHABI / Emirates Business
Khalifa Saif Almehairbi, Chairman of the Board of Directors of Arabian Gulf Investments Company, confirmed that the UAE real estate sector has proven its strength, position and ability to recover quickly, in conjunction with the high demand for the purchase of housing units and lands in various parts of the country, so that UAE real estate outperformed globally in terms of attractiveness and returns.
The UAE wise leadership contributed to enhancing confidence in all economic sectors, including the real estate sector, and its ability to continue growth and keep pace with various developments and events, which helped in achieving growth and success, and topping global economic indicators… The UAE real estate sector has proven its durability and strength, which contributed to an increase in the demand for real estate.
Almehairbi stressed the importance of concerted efforts between real estate private companies to achieve growth and excellence, under the umbrella of the wise leadership that supports business sectors and provides various initiatives, incentives and facilities.
Almehairbi revealed that the Arabian Gulf Investments company holds meetings with major international investment companies to promote the UAE real estate sector and attract new foreign investments, in addition to launching quality real estate projects. With Expo 2021 approaching, many Emirati real estate witnessed a significant increase in their prices, which confirms that the real estate sector is the most suitable for investment.
Almehairbi pointed out that the 10 years’ golden residency granted by UAE government to doctors, talented people and businessmen has contributed to the high demand for buying real estate, which still maintains its attractiveness at reasonable and competitive prices.