Medallion Associates, a real estate and investment advisory firm with global networks, has announced its business expansion plans and targets for 2022 in the UAE market. To entice more foreign direct investments (FDIs) in real estate technologies, the company has allocated funds worth $200 million. 

 

This comes as part of Medallion Associates’ strategy to support the property industry and attract new investors and start-ups. This move comes amid increasing deployment of next-generation technologies in commercial real estate, particularly artificial intelligence (AI) and blockchain, it stated. 

 

Through its sizeable fund allocation, Medallion seeks to unlock the potentials of these technological advancements as the benchmark for the industry’s sustainable and innovative future. This complements the firm’s goal of attracting at least $7 billion in FDIs to the UAE, it added. 

 

CEO Masood Al Awar said: "We are very enthusiastic about the upcoming year and have established goals to increase sales and asset portfolio. As we have seen in this entire year, the market has thrived, and we are eager to contribute to the country’s real estate sector with our new offers and strategies."

 

"One of the main aspects that we are looking forward to is the investment in real estate technology," stated Al Awar. 

 

The announcement reflects the Dubai group’s aim to boost its assets in the UAE to $4 billion, taking advantage of the investors’ sustained interest in the local market. 

 

"We are witnessing growing interests from international investors through our offices in London, Malaysia, and Pakistan. With Dubai expected to positively demonstrate sustained economic progress in 2022, foreign direct investments (FDIs) will grow further," noted Al Awar. 

 

"In the coming year, we will continue to innovate real estate products and solutions to bring in more capital to the country. We are confident we can help strengthen the growth of the real estate market in the emirates through our expansion plan next year," he added.-TradeArabia News Service