Fortimo, a Swiss property developer launched its first build-to-sale residential project in the UAE. In an exclusive interview with the Arabian Business, Remo Bienz, Founder, Co-owner and board member of the Fortimo Group, said that the Dubai real estate market continues to remain attractive and that speculative bubbles are preventable.
“We believe Dubai’s real estate market remains attractive due to its ongoing growth, development and expansion initiatives,” Bienz said, “However, like any market, it’s crucial to monitor trends and ensure sustainable growth to prevent speculative bubbles.”
The Golf Residence, launched earlier this year by the group, is designed to cater to the preferences of different potential buyers considering the diverse range of investors present in the market.
“The project has been meticulously designed to cater to the diverse preferences of potential buyers,” said Phillip Bienz, Founder, Co-Owner and Chairman of the Fortimo Group, such is the nature of the real estate market in Dubai especially with a continual upward trend fueled by international investors.
Dubai real estate market sees continual growth
According to market predictions, this year is predicted to be the busiest for the city’s residential market. In the first half of the year alone, over 50,000 units were transacted across the city
“Dubai’s appeal as a global hub, coupled with strategic infrastructure projects, continue to drive demand,” Bienz explained, “Dubai’s government has cultivated an environment that is highly supportive of foreign investors, making the process efficient and transparent.”
“As experienced real estate developer partners from Switzerland, we were impressed by the way Dubai had transformed from a small town to an internationally recognised, bustling destination. We are thrilled to be part of this exciting city’s ongoing development and its dedication to creating exceptional living spaces for its residents,” Bienz said during the project’s initial launch.
With anticipated demand in line with COP28 which is expected to attract over 70,000 individuals to the country, according to recent data, it is predicted that the city’s real estate market will continue to soar at an upward trend, in terms of both purchase and rentals.
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