Date: Sep 23, 2021
Property investment adviser optimistic to achieve AED 800 million to AED 1 billion total sales transactions value in Q4 as UAE market bounces back. Footprint Real Estate, a rapidly growing diversified international real estate firm, has been experiencing an exponential growth in its property sales in 2021 with total transactions in a month during the third quarter reaching up to AED 240 million. The company targets to achieve AED 350 million per month worth of transactions in Q4 as it looks to clinch more deals from exclusive property brands of leading developers in the country.
The UAE-based company, which has been one of the most active property investment advisers in the country since 2005, noted the renewed interest among local and international investors to take advantage of premium deals in UAE property markets amid the pandemic, especially in Dubai. Being in the industry for nearly two decades, it has witnessed the major developments in the emirate and how the vision of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, became a reality.
Hamid Shabir Khawaja, Chief Commercial Director and Co- Founder of Footprint Real Estate, remarked: “We are proud of the growth Footprint Real Estate has achieved this year despite the global conditions brought about by the pandemic. Our sales report is a manifestation of the continuous upbeat response of investors to market offerings as well as the results of the initiatives we have rolled out prior to the pandemic. We have invested and worked hard to establish strong relations with key investors and global clients, and now we are reaping the rewards of providing best offers and deals to attract investors. We look forward to continuing this business venture and aims to generate AED 800 to AED 1 billion worth of transactions for the entire fourth quarter.”
According to Khawaja, the company owes its success to the diligence of its team in providing well-researched information and quick and reliable advice to investors. “Today, owners and developers rely on accurate data before they engage in business. Footprint Real Estate is committed to expanding and enhancing its capability to effectively meet these needs of our clients. We focus on ensuring excellent customer service and we take complete responsibility of our advice as these are vital keys in maintaining the trust of our customers. These company goals and values are our driving force in continuously attracting clients,” he added.
Industry experts have been reporting robust activities in key property markets in the country, with Dubai property deals soaring during the second quarter, even in the off-plan segment. The reports cited that change in lifestyle brought about by the pandemic contributes to buyers choosing better residences that offer outdoor amenities and thus reinvigorating the market and contributing to the growth of the local economy.
Footprint Real Estate attested to this growth as during the first half of the year, the real estate firm reported consistent sales growth with an average monthly transaction amounting to more than AED 100 million.
With the UAE’s rigorous efforts in both the economic and health front to keep the country among the top in the world as a viable place to live amidst global challenges, the company is confident the sector is on its way to a healthy recovery with significant growth prospects in the coming months.
The UAE has proactively responded to the global crisis through extensive funding and support provided to the private sector during the pandemic as well as the vaccination campaigns and strict rules and regulations to protect the health and safety of citizens, residents, and visitors. These are just some of the key factors that continue to attract international investments into the country.
Established in 2005, Footprint Real Estate is a diversified international real estate firm headquartered in Dubai, UAE providing a wide range of services in property investments backed by more than 100 affiliates worldwide to serve its clientele from Far East, Russia, Indian subcontinent, Europe, Middle East, Africa, and other Western countries. Through its four key offices located in Dubai, Abu Dhabi, Sharjah, and Ajman, the company provides key services such as residential property sales, residential property leasing, commercial property sales, commercial property leasing to property management, facilities management, development advisory, asset management, and international real estate portfolio management. The firm meets the various needs and interests of its clients by providing end-to-end solutions using the latest technologies and is known for delivering superior value and excellence.