Footprint Real Estate, a diversified international real estate firm headquartered in Dubai, said it has witnessed steady growth in its property transactions and is expected to accumulate a total of AED1 billion ($272 million) during the last quarter of the year.
The firm, which started as a brokerage company, today offers a wide range of services such as residential and commercial sale and leasing, property management, investment advisory, mortgage services, facilities management and global real estate portfolio management.
It has recorded property transaction value of more than AED200 million per month in the previous quarter and seeks to increase sales as an effect of the Expo 2020 and the approaching holiday season, said the statement from Footprint Real Estate.
Founder and Managing Director Muhammad Ather Khawaja said: "Expo 2020 is a great opportunity for visitors and potential residents to experience life in Dubai, as well as open doors for investment opportunities across various sectors including infrastructure development and property sectors."
"With the number of visitors expected this coming holiday season and the Expo’s significant investment influence on the real estate sector, we are optimistic that we can reach our goal of AED1 billion property transaction by the end of this year. We also aim to contribute to the emirate’s vibrant and growing market by leveraging our years of experience, strategic local and international partnerships, and dedicated work team," he added.
As per data, Dubai’s real estate witnessed more than 5,000 transactions amounting to over AED16 billion in September, making it the best September record in the past eight years.
As Dubai enters the fourth quarter of the year with a large number of activities taking place within the city, the real estate sector is bound to reach new heights, said the statement.
Footprint anticipates a sustained market growth during the period as it paves the way for more potential deals and opportunities, remarked Hamid Shabir Khawaja, Chief Commercial Director and Co-founder.
"Years ago, we started as a brokerage company, and today, we have expanded to a firm that offers a range of services and has also dealt with some of the iconic developments of UAE such as Dubai Hills, Damac Hills, Barari Residences, Emirates Hills, Downtown Dubai, Business Bay and Arabian Ranches."
"Our goal has always been to broaden our expertise by providing end-to-end solutions to customers in the UAE with our Rera certified agents, at the same time welcoming foreign investors to the country’s most diverse city.”
"This year’s booming sales record is a result of our team’s dedication, the trust of our partners, and a strong indicator of Dubai’s attractive and business-friendly real estate market," he added.-TradeArabia News Service