Thursday, May 10, 2007

Al Fajer enters into partnership with German firm

Al Fajer properties has announced that they have entered into a partnership deal with RE/Max, a major German real estate franchiser which has more than 5000 offices spread across more than 50 countries.

The Al Fajer CEO, Dr.Shahram Abdullah Zadeh, states that the partnership was entered at the right time, when the Dubai property market is witnessing a great dynamism, offering the best opportunity of growth for foreign investors. In addition to bringing in investment to Dubai’s property sector, Zadeh mentions, that his company is confident about the partnership with the German RE/Max, as it will shoot up German investments in Dubai.

He added that German investors have already shown interest in the Jumeirah Business Center Towers, and now with their partnership with RE/Max, an effective channel has opened its way, which would ensure continued interest in Dubai realty sector.

The Regional Manager of RE/Max, Markus Preller, mentioned that in comparison with other European investors, the UK in particular, German investors in Dubai are comparatively small in number. The tie-up with Al Fajer will enable RE/Max in driving more German investors to Dubai, he adds.

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