Tasweek Real Estate Marketing and Development, Abu Dhabi's leading property advisor as well as solutions provider, has informed that it is in discussions to purchase assets in Dubai International Financial Centre (DIFC) as well as Jumeirah Beach Residence (JBR).
The sources informed that the conglomerate wants to make a real estate investment portfolio worth $250 million (about Dh918 million) having key Dubai as well as Abu Dhabi projects over the coming 18 months.
The sources further informed that the company intends to buy properties in free zones as well investment zones in Dubai and Abu Dhabi within the coming few months.
As per official sources, Dubai Marina, JBR as well as DIFC in Dubai and Reem Island, Al Raha Beach, and Building Material City in Abu Dhabi are the locations being eyed by Tasweek. The targeted buy outs are likely to produce a return on investment of at least 10 per cent.
Recently, Tasweek has inked management and marketing consultancy memoranda of understanding with independent management and technology consulting firm RQ Associates and strategic marketing, communication and training consultancy IK Consult. The MoUs form part of Tasweek's strategy of proving a one-stop store for real estate as well as related services and marketing.END
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