As part of its strategic expansion plans, Homesfy seeks to broaden its horizons globally, with Dubai being its first port of call. Homesfy sees tremendous potential in the Dubai real estate market in the coming years. Its unparalleled network of tech-enabled agents will help achieve success in Dubai.
The impetus behind Homesfy’s expansion into Dubai stems from the highly auspicious growth curve of the Dubai real estate market. This growth is attributable primarily to the path-breaking policies adopted by the UAE government, which have been instrumental in driving a positive impact across the real estate industry.
In 2022, the Dubai real estate market experienced a massive upswing in sales to Indian buyers, raking in an impressive sum of Rs 35,500 crores, almost twice the amount generated in the previous year. Of this total, Indian home buyers accounted for a notable 40%, positioning them as the leading buyer demographic in Dubai. These buyers mainly hail from major Indian cities such as Delhi-NCR, Ahmedabad, Surat, and Hyderabad and Punjab.
Ashish Kukreja, Founder & CEO, Homesfy. in, said in a statement, “Homesfy Realty Ltd. continues to ride the wave of success. We are thrilled to announce our latest endeavor of expanding our global footprint, with Dubai as the launchpad. Dubai’s progressive governance and trade policies and massive worldwide appeal has made it a popular destination among both real estate buyers and investors, and we aim to capitalize on this opportunity.”
The sales division in Dubai will be spearheaded by Mukesh Mishra (Head of Sales at Homesfy.in).
Mukesh Mishra, Head of Sales at Homesfy.in, said, “Despite volatile conditions and shifting consumer behavior, Dubai’s property market experienced record-breaking sales, volume, and value in 2022. Dubai has seen record-level demand in residential spaces in February 2023, and with an expected growth of 20% in the coming years, it has the potential to break all records. With a decade of experience in the Indian real estate market, we are ready to pitch in Dubai.”Kiran Mhatre, Head of Sales – Dubai will also play a key role in the new territory alongside Mukesh Mishra.
