Tuesday, September 04, 2007

House of Patels launches Wall Street Property in Dubai

One of India's leading business conglomerates, the 'House of Patels' has launched their real estate arm, 'Wall Street Property' in Dubai. House of Patels also owns part of Wall Street Exchange, a money remittance exchange. The company plans to market prominent Dubai properties such as the Burj Dubai Lake Hotel, The Boulevard, Dubai Mall, The Old Town, The Residences, and such other major projects that are spread across Business Bay, The Palm and such other locations.

Wall Street Property is the real estate branch of the fifty year old group, the House of Patels, a multi-million-dollar conglomerate, with diversified fields of interest including logistics, construction, transportation, real estate development etc. The company has a net asset of over more than US$200 million and a market capital of US$500 million. The company is strengthening its position as a leading real estate marketing company by focusing on the marketing of properties globally.

The House of Patels Chairman, Asgar Shakoor Patel, said "We have launched Wall Street Property to pursue the vast opportunities in the UAE property market and across the region. At the moment we are concentrating on the two promising markets, the UAE and India. Our aim is to focus on selling commercial, residential, leisure and retail projects. This new branch will help in taking opportunities in the real estate investment sector to a higher exciting level."

Wall Street Property aims to purchase property, provide necessary support and guidance to a range of residential and commercial clients including investors and developers.

The company is also venturing into Indian property marketplace, which is also currently witnessing major property boom. The company will make way for the Indian community to own properties in India. The company plans to sell properties in Pune, Bangalore, Hyderabad, Calcutta, Chennai, Delhi and Mumbai.

The Group has its offices located in USA, UAE, UK, Canada, India, New Zealand, Hong Kong and agents network and representatives in more than 80 countries. The company has a big list of high-profile clientele, that includes investors, landlords, investors and local and international organizations.

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