An international report on the value of real estate assets in 30 countries around the world, compiled by EC Harris in collaboration with the Center for Economic and Business Research, that the United Arab Emirates, along with Singapore and Brazil, are the world’s fastest-growing countries in terms of total real estate asset value over the next decade, with a growth rate of 2 percent, placing them 23rd in the global ranking. Flash Real Estate highlighted the report’s findings, which noted that the UAE ranks 12th globally in terms of per capita asset value, with assets estimated at $122,809 per person, while Saudi Arabia, for example, ranks 15th with assets valued at $72,861 per capita.
These statistics were revealed on the sidelines of the announcement of «Flash Real Estate»«s participation in the »Cityscape Global« 2013, the Middle East’s largest real estate exhibition, which will take place from October 8–10 at the Dubai World Trade Centre.
»Tanzil Gader,« CEO of »Flash Real Estate,« said: »We are pleased to highlight the Global Asset Value Report, which determined the cumulative value of real estate assets in 30 countries around the world, noting that the UAE real estate sector ranks among the best and fastest-growing real estate sectors globally. We expect sustained growth in the real estate sector in the coming period thanks to the massive investments taking place in real estate assets, infrastructure, and other sectors that inherently support the real estate sector.»
Ghadir added: »The current period is witnessing a recovery in the real estate market, with commercial transactions in the sector exceeding the AED 5.5 billion mark in the Emirate of Dubai alone. The market is also seeing increased confidence from regional and international investors.«
Ghadir stated that Flash Real Estate will showcase a wide range of projects that are attracting increasing interest from investors in tandem with the sector’s recovery and the return of investor confidence.»
Flash Real Estate is experiencing rapid growth, and the company currently has a staff of 100 employees. The company offers a wide range of real estate strategies and solutions for freehold ownership in the residential and commercial sectors throughout the UAE.
Ghadir noted that government agencies in Dubai play an exceptional role in driving the emirate’s real estate sector forward by adopting business practices and policies that adhere to global standards.