Fincasa Capital to earmark close to AED 280 million for real estate investment ventures in 2023
Dubai-based investment firm Fincasa Capital through its real estate company Star Runner Property will allocate AED 280 million in property investments by 2023, a significant increase from its 2022 allocation of around AED 25 million.
The planned earmarked amount will further deepen Star Runner’s foothold in the rapidly growing local property industry. It also reflects Fincasa’s ongoing efforts to scale its business and help solidify Dubai’s economic strength and stature as one of the world’s key investment hubs.
The move will bolster Fincasa’s property-focused expertise as well while further expanding its current services covering diverse areas such as startups, investment migration, cross-border investments, foreign direct investments, and citizenship by investment.
Varis Sayed, Founder of Fincasa, said: “The impressive performance of Dubai’s real estate market is a key driver of strong investment interest. The upward trend is expected to be sustained in the coming years, buoyed by the rising market demand and the emirate’s investor-friendly policies and strong economic fundamentals.”
“With the allocation, we will focus on investing in premium real estate projects being developed by leading Dubai-based developers. We will capitalize on the projects’ growth potential in keeping with our commitment to deliver high-end services to our clients as their trusted investment partner in Dubai and the region,” Sayed continued.
Sayed further stated that the allocation is a significant step towards boosting Star Runner’s portfolio of elite property units, enabling it to be ranked alongside the industry’s top-tier companies.
Fincasa’s latest statement comes amid the launch of numerous notable property development projects in Dubai. The high-end segment is particularly booming, with real estate prices surging 89 per cent over the last 12 months as reported by Bloomberg. Palm Jumeirah, Jumeirah Bay and Emirates Hills have reportedly remained among the top popular prime areas in Dubai.
Fincasa’s almost AED 280-million allocation in 2023 forms part of its initiatives to design the best investment strategies for its local, regional, and international clients. To deliver on its promise, the company and its business units have committed to continuous process improvement, the best industry practices, and full business integrity and transparency.