Israel-UAE Peace Deal- Effects Began To Show
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Israeli businessmen and companies begin preparations to take over property business in the UAE.
The agreement between the United Arab Emirates and Israel, full cooperation in trade, diplomatic and medical fields has begun between the two countries. The UAE real estate market has its place and reputation around the world. Investors from around the world have invested billions of dirhams in the real estate business in the UAE.
Now, Israeli real estate companies and individuals are also planning to enter the UAE property market in order to maximize profits by strengthening their business roots in the UAE. According to the Gulf Times, Matthew Bartnik, associate director of Beau Champ Estates, a large real estate company based in the Israeli city of Tel Aviv, said that Israeli investors are eager to enter the real estate business in Karamarat.
Over the past two weeks, more than 50 Israeli investors and companies have contacted him for information on how to do property business in the UAE. While he himself has met with many developers. Israeli investors are currently awaiting further details of the UAE-Israel diplomatic agreement. Widow Champ is an internationally renowned company with businesses in the United Kingdom, the United States, France and Greece.
The company is at the forefront of negotiating the sale and lease of new and used homes in Israel. Due to the success of the real estate market in the UAE, Israeli investors are also showing significant interest in this sector. On the other hand, people associated with the property business in the UAE say that many people in the UAE are also interested in the Israeli real estate business. Bartnick said 20 Emirati investors have also approached him to do business in the Israeli property market.
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