UAE – Mubasher: Property and investment advisory firm Medallion Associates intends to increase its assets in the UAE to $4 billion in 2022, as part of its business expansion plans and targets in the Emirati market for next year.
Medallion Associates has earmarked $200 million to attract additional foreign direct investments (FDIs) in real estate technologies, complementing its goal of enticing a minimum of $7 billion in FDIs to the UAE, according to a recent press release.
The Dubai-based company noted that the funding aims to endorse the real estate industry and attract new investors as well as startups.
CEO of Medallion Associates, Masood Al Awar, said: “We are very enthusiastic about the upcoming year and have established goals to increase sales and asset portfolio.”
Dubai is seen as the top choice of global real estate investors, according to Medallion Associates’ recorded interests from its offices in London, Malaysia, and Pakistan.
Al Awar added: “With Dubai expected to positively demonstrate sustained economic progress in 2022, FDIs will grow further. Adding to its attractiveness are the UAE’s overall stability, recent visa reforms, attractive market pricing, and long-term return on investment.”
The CEO stated that his company will continue to innovate in property products and solutions over the coming year, aiming to bring in more capital to the UAE.
He noted: “We are confident we can help strengthen the growth of the real estate market in the Emirates through our expansion plan next year.”
