The real estate market, often considered a reflection of economic vitality and societal aspirations, plays a crucial role in shaping cities, economies, and the lives of individuals worldwide. Understanding the intricacies of the real estate market is essential for investors, homebuyers, developers, and policymakers alike. It is equally important for market leaders to be transparent and provide back to the community by collaborating with other service providers. A leading example of this is Continental Real Estate which has been providing the community while maintaining its track record. Continental Real Estate or CRE is one of the oldest and most reputable real estate companies in the UAE. It provides a wide range of services such as valuation, investment advisory, and property management. Late Walid AlMallahi gave birth to this company and now his legacy is being continued by his son Ahmed Almallahi.
Appreciation from Emirates Bank
For the past four years, CRE has been managing the portfolio of Emirates NBD and Emirates Islamic Bank, handling their bank-owned and mortgaged properties. Emirates NBD has presented an award to CRE for being their real estate service provider and in appreciation of the company’s contribution to the bank’s values collaboration C.O.D.E. The company is also empaneled with other banks in the UAE as certified property managers due to their proptech management approach, in addition to their knowledge of how to represent and manage big corporates in their real estate profile.
Currently, CRE manages a substantial rental income of over 800 million AED, showcasing its property management proficiency and ability to handle large-scale operations effectively.
In 2021, the company was involved in a significant land sale in Business Bay worth 190 million dollars. The land is set to undergo development, with plans for one of the tallest residential towers in the world. CRE’s significant operations are its management of the property portfolios of prominent banks in the UAE.
Distinguished Track Record
The work that they have been doing for quite some time now is gaining appreciation from all the stakeholders. From one of the big developers, CRE has been awarded as their top achiever. This quarter will be memorable for CRE as they recently made a sale of 82 million AED in Al-Barari Dubai. Moreover, CRE is also anticipating 52 million AED in off-plan sales by the end of this quarter, i.e. June.
Continental Real Estate has made some major accomplishments and has carved out a trustworthy and respected name in the UAE real estate market. Their statistics and awards are honest and reliable. With its extensive portfolio of services, experienced team, and notable achievements, the company continues to play a significant role in the industry.