The global real estate conglomerate – the Sternon Real Estate has taken steps to expand its stronghold in the UAE and become a part of the UAE’s growth process.
The UAE has been focusing on strengthening its economy by making it oil independent. It has undertaken many policy reforms to encourage investors to invest in the economy.
It has made several changes in the personal laws to accommodate foreign investors.
This huge step by sternon, whose vast empire is already headquartered in the UAE is a welcoming step. The Sternon specializes in world-class residential and commercial projects. This very vast empire has its stronghold in 16 countries, providing world-class infrastructure and modern facilities. The decision to expand its business in Dubai in property brokerage and investment advisory is much appreciated as it would help investors in taking the advantage of the real estate sector of the UAE.
Sternon real estate has shown its seriousness in helping UAE take further strides in developing its economy and making it oil independent by collaborating with the leading real estate developers – the EMAAR properties, WASL properties, and the others who offer a wide and extensive range of portfolio of properties for their customers.
The Strenon aims to be a one-shop stop for all the queries for real estate needs of its customers – buying, selling, and leasing. The Sternon has very large consumer confidence not only due to the vastness of the empire but also because of the service they have provided for more than a quarter of a century, they have been in the business, which has helped them gain the position of one of the most valuable property groups around the globe.
The real estate sector in the UAE is flourishing, in just 3 quarters of the year, the financial
transaction in the sector crossed the mark Dh104.3 billion which is a 45% increase, as compared to the previous year. To further its cause, the real estate pricing and the rents have shown an upward trend, which attracts investors into this sector. As an apartment bought in recent times could fetch the business a very handsome premium in just a few months’ time.
The real estate group looks forward to expanding its international clientele with investment advisory and brokerage services by cooperating with regional businesses and powerhouses. Such a huge step by a big conglomerate would help attract other such businesses into the UAE, as the current trends highlight that this is the prime time to expand in the UAE real estate sector and contribute to its efforts in becoming a regional economic power.
