Company to capitalise on strong influx of foreign direct investments into UAE and other regional markets
Al Basel Consultancy, a leading real estate consultancy firm and a member of Al Basel Group, has recently announced that it has commenced operations in the GCC, catering to the growing number of elite business players seeking investment opportunities in the region. The company has initially established a base in Dubai to leverage the exceptional performance of the emirate’s construction sector, which has been one of the highest contributors to the double-digit growth of foreign direct investments (FDI) in the UAE.
Official statistics from the UAE Ministry of Economy have revealed that in 2006 the construction sector contributed about AED 1.97 billion or 29 per cent of a total AED 6.8 billion worth of FDIs in the UAE. Of this figure, nearly AED 1.5 billion was single-handedly generated by Dubai.
"Dubai has emerged as one of the world’s most dynamic and attractive business destinations, which has subsequently helped create a wide array of property choices designed for international clients, particularly the high-end segment. In the next two years, a fresh supply of up to 150,000 property units are expected to be delivered in Dubai, with about 77,000 targeted for high-income occupants, presenting a significant business opportunity in this lucrative market," said Basel Al Kasem, CEO, Al Basel Group.
Al Basel Consultancy offers a portfolio of premium services such as real estate investment consultations, partnership opportunities, market consultancy, consultations for shareholders to buy and sell shares, and agency choice consultancy to its high-profile clients, which include Belhasa International, Zainal Mohebi Group, Al Habtour Hospitality and recently H.H. Prince Saud bin Abdullah Al Saud. H.H. Prince Saud bin Abdullah Al Saud, a widely known poet, songwriter and published author who holds a doctor’s degree in management, represents a growing number of Arab royalties channelling their investments into Dubai’s booming real estate sector.
Al Basel Consultancy also provides advice and due diligence in all aspects of the investment process, including segmenting the right partners for businesses from abroad.
"The ongoing trend has opened new and exciting investment opportunities that are poised to help further strengthen the multi-billion dirham industry within the next few years. Al Basel Consultancy’s goal is to help maintain the heavy influx of foreign capital into the market and ensure this robust growth is sustained. What we offer is basically a comprehensive global network that brings business entities from abroad to the UAE and the rest of the region," said Al Kasem.
"Additionally, Al Basel Consultancy also facilitates outward-bound foreign investments from the GCC to high-growth markets all over the world, giving our clients a much broader range of choices to satisfy their investment preferences," added Al Kasem.
Al Basel Consultancy has also revealed plans to expand its presence in the region by setting up new offices in Bahrain and Kuwait. Moreover, to improve access to its wide range of services, the company has announced that it will launch a new online portal within a week, which will be incorporated into Al Basel Group’s existing website (
www.albaselgroup.com).
Al Basel Consultancy is the newest member of Al Basel Group, which has a number of business interests in various sectors in the UAE and in the greater GCC region. Al Basel Consultancy boasts a highly competent team of professionals led by the company’s CEO Basel Al Kasem, who has emerged as one of the region’s leading figures in real estate consultancy with his comprehensive knowledge of the regional market and hands-on experience with elite projects such as the iconic Burj Al Arab.
Al Kasem completed his MBA from Australia’s University of England and attended Harvard’s courses on Networked World Leadership in 2005 and 2007, key attributes that have been instrumental in guiding Al Basel Consultancy along a remarkable growth path.
