Al Basel Real Estate Brokers achieves Dhs500m sales revenue in first year of operations

The company has already facilitated more than Dhs75m in sales for the Marina Arcade, Mada'in Properties' Dhs1.25bn flagship project in Dubai Marina, within just two weeks its appointment as sales agent.

Furthermore, Al Basel has also generated sales of over Dhs100m for the Tonino Lamborghini Tower, as well as substantial sales for Fakhruddin's Maimoon Twin Towers, the prestigious residential project located in Jumeirah Village South.

Al Basel's strategy of showcasing the economic potential of Dubai's booming property market has also attracted several first-time elite investors, including H.R.H. Prince Sultan bin Fahed Al Saud, a member of the Saudi royal family; and Mohamed Fathi, owner of the largest AC manufacturer in Egypt.

"Our growing portfolio of high-profile clients has been boosted by newly sealed partnerships with renowned developers Mada'in, and Fakhruddin. These new elite clients reflect the quality of services we offer and the extensive and diverse markets that we cater to," said Basel Alkasem, CEO, Al Basel Real Estate Brokers.

"Moreover, Al Basel Real Estate Brokers' strategic partnership with Mada'in, one of the most prolific and well-known developers in the region, will help us provide a rich array of choices to satisfy various client preferences, as Mada'in boasts an impressive line of high-quality and unique property development projects," added Alkasem.

Al Basel's sales success with the Marina Arcade is a key element to Mada'in Properties' ultimate goal of launching four projects this year with a combined value of Dhs3bn.

The Marina Arcade comprises a 60-storey tower connected to a glass-roofed shopping arcade.

The project also includes a range of one-bedroom, two-bedroom and three-bedroom apartments, duplexes, penthouses and seven townhouses with gardens and Jacuzzis on the rooftop of the Marina Arcade.

To achieve similar success next year, Al Basel continues to intensify its operations across various high-end market segments, taking advantage of aggressive government-led investments in public and private sector projects, which economists have estimated to be worth over $1.25 trillion.