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Loai Al Fakir is a real estate professional and the Chief Executive Officer of Provident Estate, a real estate brokerage firm based in Dubai. He established the company in 2008. The firm provides property management and brokerage services. [1]
Provident Estate was founded by Loai Al Fakir in Dubai in 2008. [4] [1] In the first quarter of 2023, Provident Estate finalized exclusive deals with Select Group and Sobha Realty development companies. These transactions, totaling more than AED 635,000,000 in sales, marked some of Provident Estate's largest deals during the period. [5]
The defining characteristics are that they have a distinct legal form and they are established to operate in commercial affairs. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state entities established to pursue purely non-financial objectives. [1]
The Real Estate Regulatory Agency (RERA; Arabic: مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai.
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
Sobha Realty is an international luxury developer. Established in 1976 as an interior decoration firm in Oman by P.N.C. Menon – an entrepreneur, the company has grown its presence with developments and investments in the UAE, Oman, Bahrain, Brunei and India.
The development is located within Dubai's Dubailand development. [14] Spending on the Akoya Oxygen project reached $1.5 billion by mid-2018. [ 15 ] In the first six months of 2017, DAMAC Properties said that it had awarded AED 1.8 billion in contracts for Akoya Oxygen (making up the bulk of its total contracts over the same period, valued at ...
In 2019, a UAE court ordered Dubai-based developer Limitless to pay Deyaar AED 411.9 million in a land dispute, AED 61.1 million in fees and compensation. [ 4 ] [ 5 ] In October 2022, Deyaar's board of directors approved an AED 500 million cash settlement made by Limitless.