Homesfy Realty Expands to Dubai, Taps into Booming Real Estate Market
Mumbai, Maharashtra, India – May 4: Homesfy Realty Ltd., India’s first listed real estate tech-enabled brokerage firm, has successfully expanded its operations to Dubai. The company’s growth trajectory is evident, with a 51% increase in facilitated transaction value in India during the fourth quarter, showcasing Homesfy’s remarkable growth and potential.
As part of its strategic global expansion, Homesfy aims to make Dubai its first international destination. The company sees immense growth potential in the Dubai real estate market, with the help of its extensive network of tech-enabled agents that are poised to drive success in the region.
The decision to enter the Dubai market is motivated by the city’s impressive real estate growth, primarily driven by progressive policies introduced by the UAE government, which have had a substantial positive impact on the real estate sector. These changes, along with Dubai’s global appeal, make the city an attractive destination for real estate investors.
In 2022, the Dubai real estate market saw a significant rise in sales to Indian buyers, who contributed a staggering ₹35,500 crores, nearly double the amount from the previous year. Indian homebuyers represented 40% of the total market, with the majority coming from major cities such as Delhi-NCR, Ahmedabad, Surat, Hyderabad, and Punjab.
Mr. Ashish Kukreja, Founder & CEO of Homesfy Realty Ltd., shared his excitement about the global expansion, stating, “Homesfy Realty Ltd. continues to grow and innovate. We are thrilled to launch our global footprint, with Dubai as our first international destination. The city’s progressive policies and worldwide appeal make it a hotbed for both buyers and investors, and we are eager to capitalize on this opportunity.”
Homesfy has established itself as a robust platform, combining expertise in sales, engineering, business, and marketing, all designed to bridge the trust gap between homebuyers and sellers with a sharp, strategic approach.
The Dubai sales division will be led by Mr. Mukesh Mishra, Head of Sales at Homesfy Realty Ltd., who brings a wealth of experience and knowledge of both the domestic and international real estate markets.
Mr. Mukesh Mishra commented, “Despite the shifting conditions and evolving consumer behavior, Dubai’s property market experienced record-breaking sales in 2022. The city has seen a surge in demand for residential spaces in early 2023, and with a forecasted growth rate of 20% over the next few years, Dubai is poised for even greater success. With over a decade of experience in the Indian real estate market, we are confident we can achieve great things in Dubai.”
Joining Mr. Mishra is Mr. Kiran Mhatre, Head of Sales – Dubai, who brings over 20 years of experience to the team. Together, they will help spearhead Homesfy’s expansion into Dubai.
Homesfy’s move into Dubai presents a fantastic opportunity for both Indian and international investors to enter one of the world’s fastest-growing real estate markets. Dubai continues to attract high-net-worth individuals (HNIs) and expatriates, securing its place as a leading global real estate hub.
For any concerns regarding this press release, please contact us at pr.error.rectification[at]gmail.com. We will respond and resolve any issues within 24 hours.
