Dubai: ‘The H Holding Enterprise’ officially launched a real estate arm specialising in real-estate development, asset management and related services in the Middle East.
“We decided to venture into real estate in Dubai because we believe the emirate is a global hot property destination. The new arm will be providing integrated services and consultancies in real estate development,” said Hafeez Abdullah, Chairman of ‘The H Holding Enterprise’.
He added: “The new arm got an overwhelming response from our stakeholders at The H Holding Ent., which owns huge investments in sectors like entertainment and hospitality in the region. We see an amazing interconnection between real estate and hospitality industry, and this gives us a great edge to develop our business. In addition to its main activity in the real estate development and management of real estate assets, the new arm will leverage the interdependence between the real estate sector and the hospitality industry to provide tailored services to the hotel industry as well as end-users.”
Commenting on the strength of the UAE economy, Abdullah quoted the latest annual report of Global Property Guide, which reveals that the price of 100 sq m. of luxury apartments in the UAE is equal to 6.02 times the GDP per capita, compared with 29.19 in Jordan, 28.44 in Egypt and 34.29 in Lebanon. He added that luxury residential apartments in the UAE are highly valued compared to other modern cities in the world.
