UAE real estate sector undergoes transformation with cross-border payments revolution
Traditionally, the process of investing in UAE real estate from overseas has been encumbered by complexities and inefficiencies associated with cross-border transactions.
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Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction of seamless cross-border payments. This strategic initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE.
Traditionally, the process of investing in UAE real estate from overseas has been encumbered by complexities and inefficiencies associated with cross-border transactions. However, with the advent of cutting-edge cross-border payment solutions provided by prominent financial institutions, these barriers are rapidly diminishing.
By streamlining the payment process and mitigating hurdles related to currency conversion and international transfers, these innovative financial solutions are empowering investors with unprecedented ease and convenience. As a result, the UAE real estate market is witnessing a surge in global interest and participation.
“We are witnessing a significant shift in the landscape of UAE real estate investment, as the sector undergoes transformation with the Cross-Border Payments Revolution. This transformative trend reflects our commitment to facilitating seamless transactions, thereby reshaping the way investors engage with the market and opening up new opportunities for international stakeholders.” stated Soliman Hossameldin, Director of Digital Marketing at D&B Properties. ”
The impact of this cross-border payments revolution extends beyond mere transactional efficiency. It is fostering greater collaboration and connectivity between global investors and the UAE real estate market, catalyzing growth and development on both fronts.
This transformation underscores the UAE’s position as a leading global investment destination and underscores the country’s commitment to fostering a conducive environment for international investors.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Dar Global strengthens ongoing relationship with the Trump organization
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Dar Global, an international luxury real estate developer, and The Trump Organization, known for its prestigious properties and iconic developments worldwide, have announced plans for a new project in Jeddah, Saudi Arabia.
This agreement builds on the successful Trump International Oman project within the AIDA development, one of the largest premium mixed-use real estate ventures globally, which has already garnered significant acclaim.
Aimed at the luxury Saudi Arabian market and international investors, this development advances Dar Global’s strategy of capitalizing on opportunities in key Saudi cities. As the international arm of Saudi mega-developer Dar Al Arkan, this project marks Dar Global’s debut in Jeddah and will enhance its real estate portfolio in the country. Listed on the London Stock Exchange, Dar Global currently has US$5.9 billion worth of projects in development across six countries: the UAE, Oman, Qatar, the UK, Spain, and Bosnia.
Ziad El Chaar, CEO of Dar Global, commented: “We are delighted to strengthen our ongoing relationship with The Trump Organization and expand our portfolio by delivering premium properties to redefine Saudi Arabia’s high-growth real estate market. The new agreement in Saudi Arabia will leverage the strengths of both organizations to attract more international investors and vacationers. This collaboration underscores our commitment to grow our footprint by elevating the standards of luxury living in the region.”
Eric Trump, Executive Vice President of The Trump Organization, said: “We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global. This collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication. Together with Dar Global, we are setting new benchmarks for excellence, aiming to meet the demand for iconic properties in key markets.”
Dar Global PLC is a highly differentiated international real estate business, primarily focusing on developing second homes for internationally mobile customers in desirable locations across the Gulf Cooperation Council (GCC) and Europe, including downtown Dubai, Muscat in Oman, and the Costa del Sol region in Southern Spain.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
