Trade war between the US and China leads to the interests of Australia
“Global” reveals expansion plans in the Gulf through real estate projects
CEO of Global Real Estate Company, Ziad al -Shahar, has been led by the company to expand its investment portfolio in the Gulf countries, which has revealed in the light of a stable and stable atmosphere that provides qualitative opportunities for growth.
The Gulf states have become a global attraction for high -level real estate investment, such as security, advanced infrastructure, transparency, dollars of currency and fast economic integration “.
He insisted in an interview with Ashark al -Avasat today that his company in the region, especially in Dubai and Jedda, is investing in the selected markets today, and is currently working to develop new projects in Riyadh, the “Global House” Gulf “its diverse and geographical union’s incentive financial unit and the encouraging economic unit of the Union.
And the “Global” real estate company listed on the London Stock Exchange is established by Saudi al -Arkan Company, which contains 88 percent of the shares, while 12 percent of the shares are provided for public subscription on the London Stock Exchange.
Trump Tower Dubai Bold Project
In connection with the launch of the “Trump International Tower” project in Dubai, the project combines the 80 -storey luxury tower, which combines the luxury hotel on the Sheikh Zayed road at the downtown area entrance with a private club and Trump brand.
He said: “We have chosen to call it a project (brave) because it has a set of qualitative ideas for the first time, including the first hotel of the Trump brand in Dubai, and the first private club with the foundation’s signature, luxury housing units and the world’s highest swimming pool.”
The project is classified by its strategic location, which allows the city’s heart easy access, which makes it easier to access without inside its group: “We give investors a comprehensive living experience that combines comfort, position and higher investment returns.”
Strategic partnership
In addition to the design of residential apartments, the CEO suggested that the project is being implemented in partnership with the “Trump Foundation” which provides the hotel and club’s brand. The project has about 450 units, whose areas are between 100 and 750 sq. M.
The partnership has come to an extension of previous cooperation with the foundation of previous projects in Amman and Jeddas, and said: “Trump brand helped us to reach a wide section of international investors, and we only succeeded in attracting more than 30 nationals.”
Mature Market
The slogan spoke about the maturity of the Dubai real estate market, saying that Emirate has not launched new lands for more than 9 years, but works in the main plan; Strengthened the stability of the market and increased its value. He said: “There is a great understanding of the government in maintaining the supply and monitoring the performance of developers, and it makes the market organized and safe for investors.”
The tower of the tower company is expected to increase the portfolio to about $ 10 billion, and its development value is only one billion dollars (3.7 billion dirhams), hoping that the original task will start in September next year and will be complete in 2031.
The Gulf is a destination
The CEO Gulf states of the Global Real Estate Company have emphasized that a consolidated investment is becoming a destination, especially in the UAE, Saudi Arabia and Oman Sultanate and the main investment in the airline and the aviation and transport sectors.
He said: «We do not see the Gulf cities as competitors, but comprehensively, as between the Italian cities or the United States. Today, the Gulf economy is more than the Italian economy, and we have the right to talk about 10 global real estate destinations in one region.
The infrastructure in the Gulf states “in terms of the quality of roads, airports and airlines, even in the countries of the first world, from the countries of the world, as well as (formula), the World Cup and the Asian games have hosted the region very important global activities.”
Property is a safe haven
In the light of fluctuations in stock and bond markets around the world, the property in the Gulf is still a safe haven, “Most investors do not understand the fluctuations of financial markets, but the property in Dubai provides additional value, and provides renting up to 6 or 7 percent, although they are acceptable with other markets.
He stressed that “Global House” is developing new projects abroad, relying on long -term investment focus and developing global partnerships that will increase the confidence of investors and attract capital partnerships to the area.
