Thursday, July 29, 2021

Medallion Associates inaugurates new branch in Pakistan to drive real estate investments to Dubai

July 12, 2021
Medallion Associates, a real estate and investment advisory
firm, has launched its third branch in Pakistan, after
United Kingdom (UK) and Malaysia offices, as part of its continuing bid to
increase foreign investment inflows into Dubai. This development further
expands the firm’s wide global business network amid sustained interest of
investors in the Emirate.

A specialist
team will manage the facility and provide services to prospective clients in
the areas of real estate advisory, private equity, asset management, property
development, and sales and marketing for premium projects.  

Masood Al Awar, Chief Executive Officer of Medallion Associates,
said: “Our new branch in Pakistan forms part of our expansion strategy that covers
key markets worldwide. Against the backdrop of constant demand for Dubai real
estate, this move will bring us closer to our clients in the country and the
rest of the South Asian region — with the end goal of heightening investors’
interest in Dubai. Pakistan is known for being one of the UAE’s global trade
partners. It has long been investing in the Emirates’ various sectors,
including real estate, and vice versa. By expanding to the country, we are
confident that we can help drive more foreign investments to Dubai.”  

Foreign
investors continue to consider Dubai as a smart investment and capitalize on
the many growth opportunities across sectors in the emirate.  As one of
the fastest-growing metropolitan cities in the Middle East, Dubai is considered
a magnet for investors, expatriates, and tourists from all over the globe. This
can be credited to its economic, political and social stability, safety and
security, appealing residency options, strong education and healthcare
infrastructures, and many more.

In terms of property investments, Dubai is a destination of
choice for international investors due to high rental yields. During the first
quarter of 2021, the real estate transaction volume in the emirate grew by 44 per cent
on an annual basis.
A market boom
is expected this year, with the real estate community projecting to benefit
immensely from the upcoming global Expo 2020 event.

“As
a Global Real Estate Promotional Trustee, a title granted to us by Dubai Land
Department, we are well-positioned to engage with investors wanting to be part
of Dubai’s real estate market. Our portfolio and track record are key to
establishing trust and integrity, as well as building vibrant ties with
stakeholders wherever they are in the world,” Al Awar stated.

The UAE remains keen to entice more businesses to come to its
shores as the means to strengthen its foreign direct investment inflows and
achieve its overarching economic diversification goals in line with the
government’s Vision 2021. 

Foreign
investors are attracted to numerous benefits and incentives that the UAE and
particularly Dubai offers, including no direct taxation of corporations or
individuals apart from the oil, banking and insurance sectors, as well as no foreign
exchange control or constraints related to the repatriation of funds.

Adding to the
Emirates’ attractiveness are its business-friendly environment and economic
diversification initiatives aimed at reducing its reliance on oil receipts. The recently
passed Commercial Companies Law is forecasted as well to further drum up
investors’ interest in the Gulf nation.

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