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Industry | Real Estate |
---|---|
Founded | 2008 |
Founder | Loai Al Fakir |
Headquarters | , UAE |
Number of employees | 300+ |
Website | www |
Provident Estate is a real estate firm headquartered in Dubai, specializing in various services such as property acquisition, leasing, and property management. [1] [2] [3]
Provident Estate was founded by Loai Al Fakir in Dubai in 2008. [4] [1]
In the first quarter of 2023, Provident Estate finalized exclusive deals with Select Group and Sobha Realty development companies. These transactions, totaling more than AED 635,000,000 in sales, marked some of Provident Estate's largest deals during the period. [5]
In June 2023, Provident Estate obtained exclusive rights to launch and sell Habtoor Tower, the Al Habtoor Group's inaugural freehold property on Sheikh Zayed Road. [6] [7]
In December 2023, Provident Estate sold the 3rd most expensive penthouse in the world covering almost 22,000 square feet [8] – Como Residences on the Palm Jumeirah for over $136 million. [9] [10] [11]
Dubai Marina, aka Marsa Dubai, is a district in Dubai, United Arab Emirates. It is an artificial canal city built along a 3-kilometre (2 mi) stretch of the Persian Gulf shoreline. As of 2018, it has a population of 55,052. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada.
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Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.
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