ONE Investments partners with DAMAC to up the ante of the global real estate market, offering lucrative returns for property investors seeking exclusive Dubai properties.
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In a significant move within the real estate sector, DAMAC Properties, a leading global property developer, has announced an exclusive partnership with ONE Investments, a leading real estate advisory. The collaboration grants ONE Investments exclusive rights to market and sell DAMAC’s luxury developments across the United States.
DAMAC, founded in 2002 under the visionary leadership of Hussain Sajwani, stands as the largest private luxury real estate developer in Dubai, with over 47646 units completed and 30,000 + units under development. DAMAC’s luxury portfolio includes exclusive brand collaborations with Fendi, Paramount Hotels & Resorts, Trump International, and Roberto Cavalli.
Dubai’s property market has experienced significant growth in recent years. The partnership between DAMAC and ONE Investments boosts their presence in the market but also aims to raise the standards of luxury real estate transactions.
Recognised as the leading real estate investment advisory for international clients, ONE Investments specialises in bridging the gap for those looking to purchase property in Dubai from the Western world. Having overseen in excess of $2 Billion worth of global transactions, the company are expert in assisting international clients to make smart and secure acquisitions in Dubai.
Hamid Jaafri, CEO of ONE Investments, expressed his excitement for this collaboration, “It’s a privilege for us to partner with DAMAC. This collaboration rubberstamps our standing in the market and most importantly will enable us to provide the best product and service to our clients. North America is one of our fastest growing markets and we couldn’t have a better partner to grow it with”.
The Dubai property market saw over $13.5 billion in deals in July 2024 alone. The first half of 2024 witnessed over 43,000 property transactions valued at approximately $33.46 billion, marking a 30% rise year-on-year. Notably, around 80% of units launched since 2022 have already been sold, evidencing the swift absorption of new inventory.
As demand for luxury real estate continues to surge, particularly from international investors, this partnership promises to raise the standard of the global property investment experience. ONE Investments’ offices in London, Dubai, and Houston are designed to assist a global clientele.
These offices guide clients through the complexities of purchasing property in Dubai. Achraf Jaouhar Senior Vice President of Sales at DAMAC, noted the importance of this collaboration, “This partnership represents a key milestone for DAMAC as we continue to adapt to the needs of our clients. With our longstanding relationship, ONE Investments has always been our standout agency, consistently offering valuable insights and support to international buyers. We are confident that together we will continue to provide excellent investment opportunities and uphold, and raise the highest standards.”
Courtesy of Market Insider
