Dubai developer sees surge in property enquiries from Israeli buyers | ZAWYA MENA Edition
Enquiries for properties in the UAE are pouring in from Israeli buyers following the normalisation of relations between the two countries, according to Ellington Properties.
The real-estate developer announced on Monday that it has just signed a deal with international brokerage firm Keller Williams to market its real-estate assets in Dubai to buyers from Israel.
“This is a historic moment for us as we focus on promoting Dubai’s property sector among Israeli investors following the normalisation of bilateral relations between the two countries. We have received extensive enquiries from Israeli investors in the past weeks,” said Paula Wehbeh, Head of Business Strategy at Ellington Properties.
With the new partnership, Wehbeh said they will be able to strengthen their “brand positioning” within the Israeli market and “accelerate” investments in Dubai’s property sector.
The deal is one of the latest in a string of business arrangements announced by UAE firms following the normalisation of diplomatic ties between the two countries.
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