Medallion Associates, a real estate and investment advisory firm with global networks, has announced its business expansion plans and targets for 2022 in the United Arab Emirates market. To attract more foreign direct investment (FDI) in real estate technology, the company allocated funds worth $ 200 million.
This is part of Medallion Associates’ strategy to support the real estate industry and attract new investors and start-ups. The move comes amid the growing deployment of next-generation technologies in commercial real estate, particularly artificial intelligence (AI) and blockchain, he said.
Through its large allocation of funds, Medallion seeks to unleash the potential of these technological advancements as a benchmark for the sustainable and innovative future of the industry. This complements the company’s goal of attracting at least $ 7 billion in FDI to the UAE, he added.
CEO Masood Al Awar said, âWe are very excited for the coming year and have set targets to increase sales and the asset portfolio. As we have seen over the course of this whole year, the market has prospered and we look forward to contributing to the real estate industry with our new offerings and strategies. “
âOne of the main aspects that we are looking forward to is investing in real estate technology,â Al Awar said.
The announcement reflects the Dubai group’s goal of increasing its assets in the United Arab Emirates to $ 4 billion, taking advantage of continued investor interest in the local market.
âWe are seeing growing interest from international investors through our offices in London, Malaysia and Pakistan. With Dubai expected to positively demonstrate sustained economic progress in 2022, foreign direct investment (FDI) will continue to grow, ânoted Al Awar.
âOver the coming year, we will continue to innovate in real estate products and solutions to attract more capital to the country. We are convinced that we can help strengthen the growth of the real estate market in the emirates through our expansion plan next year, âhe added.-TradeArabia News Service