Fidu Plans to Open Second Office in UAE
Fidu Properties, one of the leading real estate brokerage companies in the UAE property market has plans to open the second office in Dubai, Emaar Square is part of the company’s expansion plans. The recent transaction is around AED 500 million with Emaar Properties.
The Chinese real estate brokerage company, which opened its first office in Dubai in January this year, is expanding its footprint amidst bullish trends in the UAE and regional real estate sector. Fidu aims to operate more branches across the UAE by 2020. The new office and expansion reinforce Fidu Properties’ commitment to the region and the strong growth potential it sees in the real estate brokerage sector.
Deniz Zeybek, Director of Sales & Marketing at Fidu Properties, said that Fidu Properties is extremely bullish about the growth potential of the real estate sector in the UAE. Their new branch will cater to surging investor interests in the UAE as well as the regional real estate markets. Fidu, since their inception this year has garnered an enviable reputation as the most reliable real estate brokerage company in the UAE with an aim to leverage on the strong demand.
Dubai is among the leading investment destinations, particularly in the real estate sector which represents the cornerstone for Foreign Direct Investments into the country. The Chinese presence in the Dubai real estate market is increasing with time with more Chinese investors and citizens moving into the UAE for living and working as well as tourism. Reliance Realty to concentrate on real estate to drive business.