Al Basel nets $13m from Dubai projects sale
Dubai, January 21, 2013
UAE-based Al Basel Real Estate Brokers said it has achieved over Dh50 million ($13.6 million) through sales and rental business from its Dubai-based projects during the fourth quarter of 2012.
Al Basel Real Estate Brokers is a leading boutique real estate brokerage firm under the Al Basel Group of Companies that provides advice and handles the purchase and rental management of high-end property projects in the UAE.
The company’s outstanding performance over the mentioned period has out grossed sales recorded over the last four years.
Al Basel’s vibrant standing is attributed to the strong response on the projects they have on offer, which includes offerings from Emaar, Nakheel and Deyaar in areas of Business Bay, Silicon Oasis, Arabian Ranches, Burj Khalifa Down Town and the Palm Island.
Commenting on the growth, CEO Basel Al Kasem said, "2012 was truly an exciting year for the company, marking significant breakthroughs and achievements for us. We are proud to report that our sales and rental business in the last three months of 2012 has already outperformed what we recorded in the last four years."
"As we enter the New Year, we remain confident in the arrival of more business opportunities as Dubai continues to emerge as a global hub for business. Accordingly, we hired an additional leasing specialist and are planning to hire two more sales agents, to help manage the expected demand in 2013."
The UAE firm, he said, continues to remain steadfast in its commitment to develop a diverse portfolio of unique and innovative brokerage services that are aimed at encouraging higher quality and best practices for commercial and residential offerings while at the same time attracting more potential investors into the emirate.-TradeArabia News Service