“The Saudi National Day is a precious occasion in the conscience of the Emirati people and a title of pride for every Emirati and Arab residing in the UAE, because UAE-Saudi relations are a unique model,” said Sarah El-Mornan, Managing Director of Timi Property Company.
She added: “As usual, the UAE celebrates Saudi Arabia’s 91st national day and this year we have a special celebration because of the reopening of the borders between the two countries after closing the borders due to Covid-19.”
She believes that Saudi nationals often choose the UAE for their investments, especially the real estate industry, for its attractive options and excellent benefits. She sees that this also comes from the strong relationship between the two countries in many different fields.
The real estate market in Dubai has clearly witnessed an increase in apartment sales since Saudi Arabia recently lifted the ban on international flights
Mohamed Abdo, Head of Marketing at Timi Property Company, revealed that the real estate market in Dubai has clearly witnessed an increase in apartment sales since Saudi Arabia recently lifted the ban on international flights and allowed citizens to travel.
Mohamed expects that with the cancellation of Covid-19 testing requirements to enter Abu Dhabi and with the launching of Expo 2020 Dubai, the demand for buying off-plan property will increase in the Emirate due to the high return investments. He pointed out that Saudi investors are important players in UAE real estate market.
In this regard, Abdo took this opportunity to celebrate the Kingdom’s major contribution to the Expo 2020 Dubai, which will be an ideal platform for the Kingdom to share its heritage and the creativity of its young, dynamic population to a global audience. He believes that the Kingdom’s participation in the expo will be an appropriate opportunity to present its ambitious Vision 2030.