Dubai Chamber’s Real Estate Group to unite with Dubai Property Group
In the light of the continuing upward trend in Dubai real estate sector, the real estate wing of Dubai Chamber of Commerce and Industry is to unite with Dubai Property Group (DPG). Real Estate and Property Business Group is the seat of the real estate interests of Dubai Chamber. The merger is aimed at endorsing the requirements of Dubai’s booming real estate market at present. The said union will take on the name of Dubai Property Group and will be a boon for furthering Dubai’s real estate interests. Moreover, the merger will stand for, protect and uphold the needs of the real estate community in Dubai.
The merger has been announced as a result of a board meeting between Dubai Chamber of Commerce and Industry and Dubai Property Group. Dubai Chamber’s Director General H.E. Hamad Buamim and DPG Chairman Ahmad Al Matrooshi also attended this meeting. The joint decision will give impetus to the already escalating real estate market in Dubai. Dubai Chamber’s real estate group will benefit from the commanding outreach of Dubai Property Group. In turn, Dubai Property Group will benefit from Dubai Chamber’s real estate group having a firm standing as a legal institution working in the area of Dubai real estate.
The decision of Dubai Chamber of Commerce and Dubai Property Group to come together is aimed at ensuring a sound legal structure that is more recognized than ever. Not only that, the unification of these two will be a complementary affair. It will create a direct link between DPG’s information gathering and recommendation activities and the capability of Dubai Chamber of Commerce to execute such activities with a strong legal foundation.
Dubai real estate is a major player in the field of Dubai’s economy. With this partnership in the offing, the real estate business in Dubai will contribute still more to the economic matrix. In the context of world real estate, this will bring in an increasing number of international investors.
It is believed that the merger will be a boon to the current members of both real estate companies. It is also hoped that the amalgamation will be a powerful feature in drawing new members and generating new ideas. The current growth in Dubai real estate market will scale newer heights with this development.
The process of unification will be complete by the end of this year. And with this, the future of Dubai real estate sector is indeed promising.
The merger has been announced as a result of a board meeting between Dubai Chamber of Commerce and Industry and Dubai Property Group. Dubai Chamber’s Director General H.E. Hamad Buamim and DPG Chairman Ahmad Al Matrooshi also attended this meeting. The joint decision will give impetus to the already escalating real estate market in Dubai. Dubai Chamber’s real estate group will benefit from the commanding outreach of Dubai Property Group. In turn, Dubai Property Group will benefit from Dubai Chamber’s real estate group having a firm standing as a legal institution working in the area of Dubai real estate.
The decision of Dubai Chamber of Commerce and Dubai Property Group to come together is aimed at ensuring a sound legal structure that is more recognized than ever. Not only that, the unification of these two will be a complementary affair. It will create a direct link between DPG’s information gathering and recommendation activities and the capability of Dubai Chamber of Commerce to execute such activities with a strong legal foundation.
Dubai real estate is a major player in the field of Dubai’s economy. With this partnership in the offing, the real estate business in Dubai will contribute still more to the economic matrix. In the context of world real estate, this will bring in an increasing number of international investors.
It is believed that the merger will be a boon to the current members of both real estate companies. It is also hoped that the amalgamation will be a powerful feature in drawing new members and generating new ideas. The current growth in Dubai real estate market will scale newer heights with this development.
The process of unification will be complete by the end of this year. And with this, the future of Dubai real estate sector is indeed promising.
posted by Property Reporter at
10:48 PM
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