Fidu Properties targets AED5bn UAE investments over three years

One of the leading Chinese companies in the UAE, Fidu Properties, has announced massive expansion plans in the UAE and region, with over AED5bn worth of investments in the UAE over the next three years.

The company, which opened its regional office in Dubai in April this year, also plans to expand its footprint in the region amidst bullish trends expected in the real estate sector.

Fidu aims to operate over 450 branches across GCC and the Asian subcontinent in the next three years. Through this aggressive expansion, the company aims to create around 3,000 jobs in the region and beyond. The strong expansion plans reinforces Fidu Properties’ commitment to the region, and the strong potential it sees in the real estate growth across UAE, the GCC, and beyond, said a company statement.

The new plans have been unveiled close on the heels of Fidu Properties’ announcement to invest about AED2bn in the Dubai real estate sector before the end of 2018. As part of this, the company plans to introduce different real estate projects in Dubai to its high profile list of investors.

Amit Dahima, marketing manager and media spokesperson of Fidu Properties, said: “We are bullish about the growth potential of the real estate sector in the UAE. We feel the growth in the coming years would be phenomenal, particularly in the real estate sector which represents one of the strategic priorities of Foreign Direct Investments into the UAE.

“The company is eyeing investments worth AED5bn in the UAE alone in the coming three years, with nearly 450 branches across GCC and Asian subcontinent. This shows what kind of growth is on the anvil in the real estate sector. The UAE government is also fuelling the optimism with a number of investor-friendly decrees and incentives which will definitely boost the flow of investments into the country.”

Fidu Properties also recently announced multiple real estate deals worth AED380mn with Emaar Properties for residential and commercial spaces spanning 19,509sqm at The Grand at Dubai Creek Harbor – the iconic tower being built at the world-class waterfront destination in the emirate.