After having firmly established in Dubai market, ALH Properties, led by real estate mogul Asem Al Helwani, is focusing on Abu Dhabi expansion and plans to open an office in the emirate by October, 2024.
Abu Dhabi's real estate market is booming for several reasons and the city has a strong and stable economy.
Abu Dhabi has invested heavily in infrastructure development, such as world-class transportation networks, state-of-the-art healthcare facilities, and modern educational institutions. This has enhanced the quality of life in the city, making it an attractive destination for both residents and investors.
Moreover, the emirate of Abu Dhabi has implemented investor-friendly policies and regulations, making it easier for both locals and foreigners to buy and sell properties. This has increased investor confidence and stimulated demand for real estate in the city.
In fact, the overall real estate industry has experienced significant growth and changes over the past few years. As per the figures issued by Dubai Land Department (DLD), recently real estate transactions in Dubai achieved significant growth in the first nine months of 2023, recording a growth of more than 36.7 percent in value and 33.8 percent of transactions compared to the same period in 2022.
Dubai Land Department (DLD) data also revealed that 116,116 real estate transactions worth AED429.67 billion, were recorded in Dubai in this period, a testament to the enduring growth and adaptability of the emirate’s real estate market.
These achievements can be attributed to the city’s rising global profile, exceptional infrastructure and the commitment of Dubai’s visionary leadership to fostering development across sectors.
Real estate investments also witnessed steady growth during the first three quarters of the year, with 81,669 investors registering 109,186 real estate investments worth AED278.7 billion, a growth of 50.3 percent in value, 33.3 percent in the number of investments, and 37.4 percent in the number of investors. This has been driven by DLD’s strategic vision and its endeavours to enhance Dubai’s position as a leading global real estate investment destination by providing proactive real estate services, integrated legislation and data, fostering strong partnerships and building a world-class digital infrastructure for the sector.
What sets ALH Properties apart is its unique approach, offering a comprehensive range of services through three specialized divisions: ALH Properties for brokerage, ALH Vacation Homes for property management and holiday rentals, and ALH Interiors for interior design services. This all-encompassing approach positions ALH Properties as an unrivaled one-stop shop for all real estate needs.
Asem Al Helwani, Managing Director, ALH Properties spoke at length about his expansion plans and explained, “We started ALH Properties in 2019 in Dubai and owe our success to our ability to identify emerging trends and capitalize on them. Just two months back we have acquired another office in Dubai and by next year we plan to open our office in Abu Dhabi. This global perspective sets ALH Properties apart from its competitors and broadens the horizons for clients seeking diverse real estate opportunities.”
For more enquiries, please contact: www.alhprops.com
