The UAE is rising rapidly in the global property industry, with $1 trillion in built assets, which is nearly 48 per cent of the Netherlands ($2.09 trillion) and 122 per cent higher than Singapore ($0.82 trillion).

This was revealed by The H Holding Enterprise, which owns huge investments in sectors like entertainment and hospitality in the region.

The announcement was based on findings of the Global Built Asset Wealth Index, which quantifies the accumulated wealth of 30 countries’ built assets and was conducted by EC Harris in conjunction with the Centre for Economic and Business Research.

Hafeez Abdullah, chairman of The H Holding Enterprise said: “The findings of the Global Built Asset Wealth Index based on the analysis of accumulated wealth of 30 countries’ built assets demonstrate the rapidly rising position of the UAE in the global property industry.”

“As a holding company, we have seen a dramatic rise in interest in the UAE real estate market from international and regional investors.

“They are here for the long term as they believe that the fundamentals are very strong as reflected in the sectors of education, healthcare, hospitality and financial services. They are confident they are putting their money in the right place,” he added.

The UAE is emerging as a dominant player in the real estate sector globally. The H Holding Enterprise aims to benefit from this scenario by offering a suite of real estate services, including development, trade, constructions, facility management and others.

“We provide diversified real estate solutions in freehold, residential and commercial sectors across the UAE,” Abdullah said.

“We are upbeat about the growth of the local sector, especially in residential, office and retail segments. We believe that the new regulations introduced in the market as well as the growing maturity of the industry not only on the supply end but also on the demand side will strengthen the industry as a global player, as growth is more organic and natural rather than influenced by uncertain factors, which makes this sector reasonably recession-proof.

“Dubai is the ideal venue to launch operations and expand footprint, spurred by global practices being adopted by the contracting and construction sectors in the emirate,” Abdullah added.

The H Holding Enterprise has launched a leading property arm in the UAE, based in Dubai. It is poised for a dramatic growth as a premier real estate solutions provider with services covering development, trade, construction and related services. – TradeArabia News Service