• Al Habtoor forecasts a rise in demand and sales per sq ft for iconic real estate locations
In a statement to the media, Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor reaffirmed that Dubai is a safe haven for investors and forecasted an increase in property prices in the coming months due to heightened demand for landmark projects in the city.
Al Habtoor said, “Dubai offers smart long-term investments. We are a forward-thinking nation. Very few places in the world have an investment climate comparable to that of the United Arab Emirates, recognized internationally for its phenomenal performance in a range of areas, and having constant and steady growth.”
Al Habtoor underlined that in order to protect the sterling reputation of the UAE, and to sustain investor’s appetite for the local market, the government must set in place precautionary regulations to monitor any violations of investment promotions or marketing practices in the real estate sector.
“We should be confident in our market, because what we offer cannot be matched around the world. We have the outstanding infrastructure, amenities, safety, stability, and a strategic location that will guarantee investors long-term returns,” he said.
The Al Habtoor Group reported earlier this year that the value of the company’s investments and expansion initiatives in Dubai currently stands at AED 12.5bn. The Group also stated a jump in revenue at its Real Estate portfolio of nearly 5% for the first nine months of the previous year.
“I strongly believe in the UAE real estate market. Our real estate portfolio is growing significantly with upcoming developments that include the Residence Collection at Al Habtoor City, which will introduce more than 1,400 apartments and penthouses, as well as the villas at the Al Habtoor Polo Resort and Club. These are very exciting times ahead and we are expected to see the price per square foot increase in the coming months real estate in prime locations in the UAE” Al Habtoor concluded.