UAE real estate brokerage Stones sees jump in 2021 revenue
06 January 2022 – Trade Arabia Business News Information – www.tradearabia.com
Stones, a real estate specialist in the UAE, said that its total revenue surpassed AED365 million ($99 million) in 2021 for the first time in five years backed by remarkable property sales transactions.
The real estate brokerage, which boasts of a sizable international network of clients and property portals, leased out more than 100 properties this year, enabling it to sustain its position as one of the fastest-rising players in the property industry.
The company also recorded its highest sales deals as a result of growing local real estate market fuelled by the influx of Expo 2020 Dubai tourists, investors’ interest, and robust infrastructural development projects in the country.
Leading up to the launch of Expo 2020, the company’s sales transactions were on an upward trajectory. Stones saw 29 transactions with an average of AED160 million in as early as February.
This strong performance reflects Stones’ financial position, its ability to attract high revenue, and shareholders’ interests for long-term value. The firm is known for its customized real estate solutions, backed by offers of premium experiences and lifestyle opportunities across market segments while its sought-after services are delivered by professionals worldwide, said a senior official.
“Our outstanding sales results, which are the greatest in five years, are owed to our clients’ and stakeholders’ confidence and loyalty,” stated its Chairman Kundan Choudhary.
“We are confident that the local market will continue to experience sustained strong demand and progress in the coming year, driven by the country’s business-friendly regulations, robust infrastructural developments, visa reforms, and strategic location. We are optimistic that the future of the real estate industry is bright,” he added.