TAKtical International set to invest AED 250 million in UAE affordable housing market

TAKtical's investor pool has allocated up to AED 250 Million to invest in this sector.

With the UAE property boom, the price of real estate continues to escalate, and many home buyers find themselves out priced from the market. The majority of the product that is currently hitting the market is priced at AED 700 per square foot or higher. Even projects that were initially slated to be affordable housing solutions for Dubai have also seen prices sky rocket from AED 600-800 per square foot due to the strong demand and limited inventory. The surrounding Emirates are looking to leverage off of this dilemma by trying to become the low cost housing solution for the UAE. Although places like Ajman, Sharjah, Umm Al Quwain, and Ras Al Khaimah are planning their fare share of five star luxury hotels and residences, they are also offering master developers opportunities to build a more affordable living solution.

Tariq Khan, Founder and Managing Director of TAKtical International and its Real Estate subsidiary, TAKtical Realty Group stated "We feel that the affordable housing market is still generally overlooked but this is where we see the opportunity for our investors. We have started with due diligence and are planning to announce our investment and involvement in several projects in this category very shortly."

TAKtical's theory and strategy is based on an analysis on key metropolitan cities such as New York, London, and Tokyo. As cities grow, by default real estate prices appreciate, the masses tend to move to suburbs and suddenly a 30 minute to 1 hour commute becomes the norm. For example, although a significant number of people work in Manhattan, the majority of them cannot afford to live in Manhattan and usually commute from one of the other boroughs such a Queens, Bronx, or even further. If you use that analogy, then Dubai is the Manhattan of the UAE and although it may very well become one of the dominant employers in the UAE, we will find that many people will opt to live in surrounding Emirates such as Ajman, Umm Al Quwain or Sharjah as it will make far greater financial sense to do so.

H. Kerem Turkmen, Co-founder and Managing Director of TAKtical International comments

"Our research has shown that based on current land prices and cost of construction, it is unrealistic to expect any residential product in Dubai for less then AED 550-600 per square foot without compromising quality and the integrity of the development. However due to cheaper land prices in the surrounding Emirates, we think we can identify developments that our investors can purchase for less then AED 500 per square foot. At these rates, we feel that not only is there a higher chance of appreciation, but also a greater rental yield."

TAKtical International Limited is global holding company with interests in various industry verticals including media, financial services, real estate, communications and technology. In today¹s global and increasingly volatile economy, successful businesses have to thrive in a dynamic marketplace. In this environment, passive investments often result in unpredictable returns. To meet this challenge TAKtical International has established a global
footprint and various entities to take advantage of the global opportunities that present themselves.

With an international team of over 30 professionals from various backgrounds, nationalities, and industry expertise, TAKtical International is well positioned to take advantage of global opportunities in a vast range of industries on behalf of its clientele. The TAKtical International group of companies have undertaken over USD $1 Billion in corporate finance transactions and represented some of the leading Middle Eastern and International investors.