Loai Al Fakir

Loai Al Fakir
لؤي الفقير
Born	(1984-02-17) 17 February 1984 (age 41)
Citizenship	Cyprus
Alma mater	Kingston University
Occupation	Founder & CEO of Provident Estate
Years active	2005–present

Loai Al Fakir is a real estate professional and the Chief Executive Officer of Provident Estate, a real estate brokerage firm based in Dubai. He established the company in 2008. The firm provides property management and brokerage services. ^{[1] [2]}

Biography

Loai Al Fakir began his career in real estate after relocating from Cyprus to Dubai in 2005. He initially worked with PRV2, the real estate sales division of Abyaar Property Developers. ^[3]

In 2008, he established Provident Estate, which offers an online platform for property searches and provides information about communities and real estate regulations in Dubai. ^[4]

In 2015, he founded Primestay, a company that focuses on holiday home rentals. ^[5] In 2017, he joined One Broker Group as a managing partner and later became its CEO. ^[6]

Career Highlights

• In June 2023, Provident Real Estate launched and sold Habtoor Tower, a freehold property on Sheikh Zayed Road. ^[7]
• In December 2023, Provident Estate facilitated the sale of a penthouse on Palm Jumeirah for $136 million. ^[8]

Contributions

Loai Al Fakir has been involved in establishing several subsidiaries of Provident Estate, including:

• Primestay: A company offering holiday home rental services.
• Provident Property Management: Providing property management services.
• Premier Finance: Assisting with financial solutions for real estate transactions.

He has also collaborated with major developers and property portals to streamline real estate processes in Dubai. ^[9]

References

1. "Why Dubai Metro and Etihad Rail could hold secret to next real estate boom - Arabian Business". Arabian Business. 2023-11-07. Retrieved 2024-07-09.
2. almowaten1 (2013-11-05). "سعد الحارثي: لا أفكر في تدريب أي نادٍ سعودي في الوقت الحالي". صحيفة المواطن (in Arabic). Retrieved 2025-04-07.
3. "Loai Al Fakir - Managing Director - Provident Real Estate Agents". XING. Retrieved 2024-07-09.
4. Rizvi, Muzaffar. "Rail Link Expansion: A Game-changer for Real Estate Industry". Khaleej Times. Retrieved 2024-07-09.
5. "حكومة دولة الإمارات العربية المتحدة. أعضاء المجلس الوطني الاتحادي". u.ae. Retrieved 2023-07-09.
6. "Five estate agencies in Dubai see more use in one". gulfnews.com. 2017-08-23. Retrieved 2024-04-16.
7. Singh, Marisha (2023-06-14). "Provident Real Estate awarded exclusive rights to launch and sell Habtoor tower" . Retrieved 2024-07-09.
8. Prisco, Jacopo (2023-12-05). "Yet-to-be-built Dubai penthouse sells for record $136 million". CNN. Retrieved 2024-07-09.
9. "Provident annual awards ceremony 2023". www.zawya.com. Retrieved 2024-07-09.