Provident Estate is a real estate firm headquartered in Dubai, specializing in various services such as property acquisition, leasing, and property management.[1][2][3]
 | |
| Industry | Real Estate |
|---|---|
| Founded | 2008 |
| Founder | Loai Al Fakir |
| Headquarters | , UAE |
Number of employees | 300+ |
| Website | www |
History
editProvident Estate was founded by Loai Al Fakir in Dubai in 2008.[4][1]
In the first quarter of 2023, Provident Estate finalized exclusive deals with Select Group and Sobha Realty development companies. These transactions, totaling more than AED 635,000,000 in sales, marked some of Provident Estate's largest deals during the period.[5]
In June 2023, Provident Estate obtained exclusive rights to launch and sell Habtoor Tower, the Al Habtoor Group's inaugural freehold property on Sheikh Zayed Road.[6][7]
In December 2023, Provident Estate sold the 3rd most expensive penthouse in the world covering almost 22,000 square feet[8] – Como Residences on the Palm Jumeirah for over $136 million.[9][10][11]
References
edit- ^ a b Smith, Lisa (2023-07-04). "Top 5 Real Estate Agents in Dubai". iExpats. Retrieved 2024-05-31.
- ^ "Dubai Real Estate Market Report 2023: Record growth and strategic shifts". www.zawya.com. Retrieved 2024-05-31.
- ^ "COP28 sparks a green transformation in Dubai's real estate landscapes". www.zawya.com. Retrieved 2024-05-31.
- ^ Baby, Anika Eliz (2023-07-22). "How One Guy Went From Living In A Car in Dubai To One Of The Biggest Real Estate Businesses". Lovin Dubai. Retrieved 2024-05-31.
- ^ "Provident Estate transacts over AED 635mln on exclusive deals". www.zawya.com. May 17, 2023. Retrieved 2024-05-31.
- ^ Singh, Marisha (2023-06-14). "Provident Real Estate awarded exclusive rights to launch and sell Habtoor tower". Retrieved 2024-05-31.
- ^ "Provident Real Estate awarded the exclusive rights to launch and sell the world's largest residential tower". www.zawya.com. June 14, 2023. Retrieved 2024-05-31.
- ^ Prisco, Jacopo (2023-12-05). "Yet-to-be-built Dubai penthouse sells for record $136 million". CNN. Retrieved 2024-05-31.
- ^ HENDRICKSON, V.L. "Dubai Penthouse Sets Price Record for the City With AED 500 Million Sale". Retrieved 2024-05-31.
- ^ "The most expensive penthouse in Dubai sells for £95 million". Yahoo News. 2024-01-08. Retrieved 2024-05-31.
- ^ Frishberg, Hannah (2023-12-05). "Unbuilt penthouse sells for record-breaking $136M in Dubai". Retrieved 2024-05-31.