Up to $76.23 million for real estate sector in 2023
Nov 24, 2022
Dubai
By Internet
  • City News
  • Real estate
  • real estate industry
  • real estate investment
Abstract:
Dubai-based investment firm Fincasa Capital plans to allocate about Dh280 million to the real estate sector through its company Star Runner Property during 2023.

According to a press release, the planned amount is a significant leap from Fincasa Capital's allocation of nearly AED 25 million in 2022.

 

Meanwhile, the announced investment is aimed at further enhancing Star Runner's position in the local real estate sector.

 

It is also in line with Fincasa Capital's ongoing efforts to expand its operations and strengthen Dubai's economic position as one of the world's leading investment hubs.

 

In addition, this step will expand Fincasa Capital's current services in various sectors, including startups, investment immigration, cross-border investment, foreign direct investment (FDI) and citizenship by investment.

 

Varis Sayed, Fincasa's founder, said." Through the grant, we will focus on investing in quality real estate projects developed by leading developers in Dubai."

 

Sayed added: "We will capitalize on the growth potential of the projects and fulfill our commitment to provide high-end services to our clients and be their trusted investment partner in Dubai and the region."

 

The founders also mentioned that the deal is a crucial step that will boost StarRun's portfolio of elite property units while enabling it to rank among the top companies in the industry.

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