Saturday 23 January 2021

Ellington Properties inks strategic deal with Israeli real estate group

DUBAI, November 24, 2020

In an industry-first move that follows the UAE’s decision to fully normalise the bilateral relations with Israel, Ellington Properties, a leading design-led property developer in Dubai, has entered into a strategic alliance with the Jewish nation’s Keller Williams to promote and drive Israeli investments in the emirate’s property sector.
The historic partnership with the regional arm of the world’s largest real estate tech firms, Keller Williams, will mark concerted efforts by Ellington Properties to highlight the investment environment of Dubai among Israeli investors and showcase the company’s diverse range of design-centric lifestyle developments. 
With an in-country representation of Ellington Properties in Israel, investors can now learn more about the property sector of Dubai, explore investment opportunities and secure effortless purchase of homes in the city in Ellington developments, said the UAE developer.
Bringing unrivalled opportunities to investors, Ellington Properties will showcase its flagship residential developments in Dubai including Belgravia and Belgravia II, Belgravia Square, Belgravia Heights I, Eaton Place, Wilton Terraces and DT1, it stated. 
The award-winning residences – all located in central locations in the city - feature beautifully designed apartments, stylish villas and townhouses, assuring high returns on investment and rental yield.
One of the largest real estate networks in Israel, Keller Williams will support Ellington Properties in introducing their portfolio of incredibly designed properties to investors in Israel through world-class consultancy, customer service, and a focused sales and marketing strategy.
Paula Wehbeh, Head of Business Strategy, Ellington Properties, said: "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, and through our partnership with Keller Williams, which has in-depth insights and proven experience in serving property customers, we will strengthen our brand positioning among them," he noted.
"We are confident that the partnership will accelerate investments in Dubai’s property sector, and position the city as one of the preferred destinations for property investments among international investors," he added.
Amos Naim, CEO, Keller Williams Israel, said: "We are honoured to partner with Ellington Properties to represent their projects in Israel. 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 historical moment."
"We have vast experience with international real estate investments and representing investors in doing investments overseas, led by our team and office at KW Netanya. We are confident that this is a great opportunity for Israeli investors to buy now in Dubai. We found a real partner in Ellington Properties, and we intend to do great things together for many years in bringing Israelis investors to Dubai," he added.
Keller Williams operates worldwide with more than 180,000 real estate agents in 50 countries. In Israel, it has 20 real estate offices and more than 350 real estate agents.-TradeArabia News Service 


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