Footprint Real Estate, a rapidly growing diversified international real estate firm, reported that the company has been experiencing exponential growth in its property transactions and is expected to accumulate a total of AED 1 billion during the last quarter of the year. It has recorded property transaction value of more than AED 200 million per month on the previous quarter and seeks to increase sales as an effect of the Expo 2020 and the approaching holiday season.
The last quarter of the year is seen to be the most profitable for the company as the country expects to welcome an influx of visitors and potential investors as a result of the Expo 2020 Dubai, the upcoming holiday season, and the successful vaccination programs to ensure safe travel and mobility.
Footprint, with its wide range of services and proven track record in the business, is ready to meet the expected surge in the property market as visitors and investors alike will be looking for properties to rent, purchase and develop.
Muhammad Ather Khawaja, Managing Director and Founder of Footprint Real Estate said: “Expo 2020 is a great opportunity for visitors and potential residents to experience life in Dubai, as well as open doors for investment opportunities across various sectors including infrastructure development and property sectors. With the number of visitors expected this coming holiday season and the Expo’s significant investment influence on the real estate sector, we are optimistic that we can reach our goal of AED 1 billion property transaction by the end of this year. We also aim to contribute to the Emirate’s vibrant and growing market by leveraging our years of experience, strategic local and international partnerships, and dedicated work team.”
According to data, Dubai’s real estate recorded more than 5,000 transactions amounting to over AED 16 billion in September, making it the best September record in the past eight years. As Dubai enters the fourth quarter of the year with a large number of activities taking place within the city, the real estate sector is bound to reach new heights. Footprint anticipates a sustained market growth during the period as it paves the way for more potential deals and opportunities.
On his part, Hamid Shabir Khawaja, Chief Commercial Director and Co-founder of Footprint commented: “Years ago, we started as a brokerage company, and today, we have expanded to a firm that offers a range of services and has also dealt with some of the iconic developments of UAE such as Dubai Hills, Damac Hills, Barari Residences, Emirates Hills, Downtown Dubai, Business Bay, and Arabian Ranches. Our goal has always been to broaden our expertise by providing end-to-end solutions to customers in the UAE with our RERA certified agents, at the same time welcoming foreign investors to the country’s most diverse city.”
“This year’s booming sales record is a result of our team’s dedication, the trust of our partners, and a strong indicator of Dubai’s attractive and business-friendly real estate market. These sales figures further motivate us to work on reaching our end-of-the-year AED 1 billion goal and start the next year with an optimistic outlook for the firm,” he added.
Footprint Real Estate is a diversified international real estate firm headquartered in Dubai, UAE providing a wide range of services in property investments backed by more than 100 affiliates worldwide to serve its clientele from Far East, Russia, Indian subcontinent, Europe, Middle East, Africa, and other Western countries. The firm caters to services such as residential sale & leasing, commercial sale & leasing, property management, investment advisory, mortgage services, facilities management, asset management, and international real estate portfolio management.