Sales of “Etihad Real Estate” Lands Exceed 1.3 Billion Dirhams

Etihad Real Estate announced the sale of land plots worth more than 1.3 billion dirhams, since it announced its five-year strategic plan in April 2023, which it considered a qualitative leap in the growth process of «Etihad Real Estate». The company said in a statement that these record sales reflect the company’s success in translating its plans into reality, its accurate reading of market trends, and applying effective strategies to improve the performance of its investment portfolio. These achievements confirm the company’s commitment to its five-year strategic plan aimed at enhancing the value of its shareholders’ investments.

Engineer Amer Khan Saheb, CEO and Board Member of Etihad Properties, said: “This achievement reflects our commitment to achieving excellence and our ability to implement a forward-looking strategy in a highly competitive market. This step reflects the strength of our growing financial position, and our outstanding performance that continues to grow in the real estate sector, based on our strategic transformative plan.”

He added: “This comes within the framework of our commitment to reducing the company’s debt, and promoting our sustainable approach that aims to provide the best offers and services in the long term. This achievement is a key pillar of our plan to drive strategic growth, in line with our comprehensive initiatives to enhance operational efficiency, diversify our portfolio and promote sustainable growth.”

Union Real Estate seeks to meet the various requirements of the real estate market, based on its diverse portfolio. This achievement comes within the framework of the company’s efforts to achieve its strategic objectives, and highlights its ability to adapt and thrive in the competitive real estate landscape.

 

 

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