Property Connect partners with one of UAE's largest private developers

Property Connect partners with one of UAE's largest private developers
Property Connect partners with one of UAE's largest private developers

Property Connect has entered into a global referral and finders' agreement with Damac Properties, one of the largest private developers in the UAE.

Under the agreement, the ASX-listed Property Connect will promote and sell Damac’s portfolio of developments in the Gulf Cooperation Council countries (GCC) and UK on the company’s Live Offer auction platform.

Property Connect recently entered into an agreement to launch LiveOffer in the GCC - Dubai and surrounding areas.

Property Connect's LiveOffer™ technology allows potential tenants to make an online offer on a rental property, thus creating a fair market value for properties.

Darren Patterson, CEO of Property Connect said it is an "amazing opportunity" for Property Connect.

"Dubai is hosting the World Expo in 2020, and the level of investment in infrastructure and real estate development in the region is unprecedented.

"This presents a unique moment in the property cycle for investors and real estate developers, and Property Connect is very fortunate to be the only Australian company to be engaged by Damac.

"We are very excited to be working with Damac and the opportunity to utilise the Live Offer auction platform in such a dynamic environment.”

Damac is one of the largest private developers in the UAE and has established relationships with global leading luxury brands including Fendi, Bugatti, Paramount Studios, Trump, Cavalli, Versace and Tiger Woods.

Damac’s properties range from investment grade studios to luxury apartments and villas within entire communities providing services ranging from shopping malls, schools, medical centres and sporting facilities such a golf resort living. Damac also provides market leading financing, instalment plans and rental yield guarantees.

The agreement is for an initial 12 month term.

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Dubai Property Connect

Comments

Be the first one to comment on this article
What would you like to say about this project?