Coldwell Banker UAE, a leading real estate brokerage firm in the UAE, has opened its fourth office in the UAE at Jumeirah Village Circle (JVC), Dubai, in a move towards expanding its business operations in the region.
Coldwell Banker UAE represents the UAE operations for the globally renowned US-based Coldwell Banker. As one of the leading real estate organizations in the region, and number one in the US, Coldwell Banker has unmatched international presence of over 3000 offices worldwide.
Commenting on the property market in the UAE, Mr. Hesham Elfar, CEO of Coldwell Banker UAE, said: “The market in Dubai is at a very lucrative standpoint currently. It is going through a healthy correction phase, which we believe is an important phase to create a mature market. The fundamentals of the market are getting stronger. As long term players in the market, we believe this market holds a lot of potential.”
Coldwell Banker has strong expansion plans for the region. “We plan on doubling our sales force and opening more retail offices here with the aim to cater to the positive growth of the property market in the UAE. Our strategy to increase our accessibility and reach for our clients by opening more branches and increasing our workforce in 2016. Coldwell Banker currently ranks number 1 in the US and we plan to achieve the same standing in the UAE as well,” Mr. Ayman Youssef, Vice President of Coldwell Banker UAE, said.
“We see great opportunity in the secondary market along with an increase in the number of homebuyers. The market is slowly shifting towards end users with many tenants turning into first time home owners because of the low interest rates and correction in prices. Investors can also expect higher yield for their investments since the sale prices have dropped more than rental prices, positively impacting the yield,” he added.
Coldwell Banker’s new office in JVC, located in the Seasons Community, is its fourth one in the UAE. The company is also setting up its UAE headquarters at The Onyx, an ongoing multipurpose project by developer Ishraqah on Sheikh Zayed Road, Dubai.
Established in 2005, Coldwell Banker UAE is one of the most innovative real estate brands in the country. With unbounded professionalism and flawless customer service, Coldwell Banker has grown to become one of the most recognized and respected real estate firms in Dubai.
The Coldwell Banker family has its foundation based in San Francisco where it celebrated 100 years in the real estate industry in 2006.