Uae witnesses surge in property enquiries from israeli buyers, local developers report

Uae witnesses surge in property enquiries from israeli buyers, local developers report

Enquiries for real estate objects in the UAE are pouring in from Israeli buyers after the normalization of relations between the two states, reports Ellington Properties. The real-estate developer announced that it had signed an agreement with the international brokerage firm Keller Williams in order to market its real-estate assets in Dubai to buyers from Israel. According to Ellington Properties, the new partnership is a great opportunity 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 series of business arrangements negotiated by UAE firms following the normalization of diplomatic ties between Israel and the UAE. A few weeks ago Etihad Airways announced the launch of daily scheduled year-round flights to Tel Aviv, while the Abu Dhabi-based carrier secured a memorandum of understanding with Israel’s national airline El Al Israel Airlines to introduce codeshare services between the UAE capital and Tel Aviv. Ellington Properties' latest deal will result in opening an in-country representation in Israel so investors there will be able to learn more about the property sector of Dubai, explore investment opportunities and acquire homes in the emirate. 'Everyone in the country is excited about the new peace deal between the UAE and Israel, and we share the feeling that this is a historic moment… We are confident that this is a great opportunity for Israeli investors to buy now in Dubai,' said Amos Naim, CEO of Keller Williams. Keller Williams operates worldwide with more than 180,000 real estate agents in 50 countries. In Israel, the company has 20 real estate offices and more than 350 real estate agents. Ellington Properties’ portfolio includes residential units in premium locations in Dubai. Its current projects feature high-rise luxury residences and multi-family communities in Downtown Dubai, Mohammed Bin Rashid City, Emirates Hills, Palm Jumeirah and Jumeirah Village Circle.

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