Buying a new home is number one priority for 25 per cent of investors in the UAE, followed by starting or investing in a new business venture (21 per cent) and retirement (13 per cent), a report said.
The Franklin Templeton Global Investor Sentiment Survey which polled over 11,500 investors in 23 countries showed that the UAE was the second most confident country, after India.
In line with this, the H Holding Enterprise, a major investment firm in the UAE, recorded unprecedented growth across all its investment arms, including real-estate and hospitality divisions, said Hafeez Abdullah, the company’s chairman.
“Around 94 per cent of UAE investors expect to meet their targets in 2015. Our real-estate arm Omega Properties has had a very positive year exceeding our expectations. Our other operations in hospitality are doing well too,” said Abdullah.
“The UAE has a unique investment environment where all industries grow in harmony. The focus on tourism sector, for instance, has brought several opportunities to the real-estate market, such as hotels, infrastructure and facilities management. Also, there is a well-planned strategy to enhance collaboration between the public and private sectors for the benefit of all kinds of investors,” added Abdullah.
According to the UAE Economic Report 2015 by Bank Audi, the real estate sector is considered one of the key drivers of the country’s national economic activity. Both Abu Dhabi and Dubai markets recorded a positive yearly change in terms of performance and prices in the residential and office markets.
The same report also shed light on the tourism sector, saying that its improvement was driven by a number of initiatives and mega tourism and leisure projects by the UAE government, encouraging each emirate to have its own niche in the market.
“This is the right time to invest in the UAE. We have diversified our capital across other industries that have potential for growth in the medium and long run, including video production, for example. We are stepping confidently into new investment sectors following successful launch of brands like Monte Carlo Stars, LUA, O2 and L Club in the hospitality scene, as well as the growing real-estate brand Omega Properties,” added Abdullah.
“Opportunities in various sectors are drawing the attention of investors from around the globe. Well established local firms have equal opportunities to expand their businesses during the coming period,” concluded Abdullah.
Source: www.tradearabia.com - July 27, 2015
The Hotel Show has been very important to Intermetal as we have been participating for the past 15years and we have found there are key decision makers here. We’re happy to be part of the growth especially with the Expo 2020 & the Qatar 2022 World Cup and feel that this event is the perfect venue to present our furniture.
I’m so happy to be at The Hotel Show and I feel that people are interested in our products because it’s a very high end finish and we are looking forward to showcasing more of our products.
This has been an excellent show for us and we had good feedback from the customers. It has given us the right boost and right target clients. We are also involved in a couple of sponsorships like the banners and “You are here boards”. The Hotel Show team has been very helpful.
We have exhibited for the past 4 years and we think the market is promising that’s why we are here to exhibit our services.
In the hotel show, we usually meet hotel investors, hotel operators and developers. In the past 6years we’ve met a high caliber of people, the quality of customers we meet here is very high and we are very pleased with this.
This is a great show for us as we’ve had lots of appointments and lots of success at the show. We came across the whole main hospitality operators in Dubai and Middle East areas and we are in process with several projects.
It has been a very nice event, a very good experience that we are enjoying. We have met so many hotels and clients that we were never able to meet before. So this gave us chance to interact, build awareness around our products and what we are here for.