Masood Al Awar
Tasweek revamps ops, targets big growth
Dubai, February 20, 2014
Tasweek Real Estate Development and Marketing, a top real estate solutions provider, has adopted a new organisational structure to manage the positive growth in the UAE, driven by the increasing investor confidence.
The restructuring in its organisational structure comes amid the Tasweek study which revealed that the real estate industry offers returns on investments between 9 per cent and 12 per cent per annum in the short and long-term.
The Tasweek study also emphasised that the contribution of the UAE real estate sector to the country’s Gross Domestic Product would touch Dh118 billion ($32 billion) by the end of 2014, staging a steady growth trend from Dh108.2 billion in 2013.
Masood Al Awar, CEO of Tasweek, said: “The new structure is introducing two new divisions that will be headed by the chief operating officer and the chief business development officer, who will spearhead our plans for 2014 and beyond, both local and internationally.”
“This comes in the midst of a sustained growth curve in the real estate market across Dubai and Abu Dhabi, which is sustainable and we expect this uptrend to continue. We are also eyeing a major growth spurt, which makes us confident about the opportunities that we are eyeing across both Dubai and Abu Dhabi.
“In any mature industry, and more so in the real estate sector, it is paramount that we offer accurate communication and market analysis to customers to help them in their investment decisions. As a leading company, we take this as our responsibility to help customers in this direction.
“The pace of recovery has gathered substantial momentum in the last one year and a half and we have seen positive trends across a wide array of other business sectors as well – which will bring in more capital inflow and investments into the UAE,” he added.
Al Awar also pointed out that the Expo 2020 win will augur well for not only the real estate and construction industry, but to other sectors as well.
“Hosting the Expo 2020 is a clear testament to Dubai’s economic excellence and solid competitive fundamentals and this will have an effect on the trade, transport, logistics and hospitality sectors as well,” he said. – TradeArabia News Service