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TASWEEK Real Estate Marketing & Development evaluates AED 1.5 billion Abu Dhabi & Dubai investments |
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Healthcare & Retail developments could be added to portfolio soonTASWEEK Real Estate Development and Marketing, an Abu Dhabi-based advisor and solutions provider serving the local and the Middle East real estate markets, has evaluated and completed due diligence on properties in Abu Dhabi and Dubai worth AED 1.5 billion in total. The projects have the potential to bring in a minimum net income profit of AED 300 million for the company over a period of three years. All projects within the portfolio must be classified and qualified as trophy assets that have components of Location, Facilities, Amenities and Quality which makes them fundamentally strong assets. The portfolio contains Residential assets (35 per cent), Commercial (30 per cent) and Hospitality (35 per cent), with value per property ranging from AED 40 million to AED 450 million It involves a total of AED 500 million in financing and AED 1 Billion in equity . Dubai projects form the majority of the investment opportunities at 60 per cent, with Abu Dhabi developments accounting for 40 per cent. “We are being extra careful with our project choices given the numerous investment opportunities currently available in the markets. Although we have significantly enhanced our capability to attract offers and proposals, we want to maintain our momentum without compromising the quality of our portfolio. We are also aiming for a diverse lineup of properties that can cater to unique residential and commercial needs,” said Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing. Healthcare and education developments are also being eyed for the TASWEEK portfolio, which is also open to other greenfield projects within the growing sector of real estate. |
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