Coldwell Banker UAE has taken the initiative to implement their growth strategy. They strongly believe in the importance of being easily accessible to anyone who needs realty advice especially during a time of unstable market conditions. People are looking for a professional yet sincere evaluation of their property situation and Coldwell Banker UAE aims to serve these needs by locating themselves closer to them.

Since 1906, this real estate brand has taken pride in providing credible advice and services to property stakeholders through several market collapses and hardships faced by real estate industries worldwide. Coldwell Banker was founded based on the principals of integrity and honest service as the San Francisco earth quake resulted in the first office being set up to rebuild the city. The founder observed that real estate agents bought properties for themselves, mostly from unaware and distress sellers at absurdly low prices, and then resold to them for huge profits. That is when Coldwell Banker was founded as a brokerage firm with transparent procedures and honest practice. The UAE operations are based on the same values with focus on being present in key localities, which are closer to you and thus serving you better.

Coldwell Banker UAE will have a permanent stand located at the Arabian Ranches community centre, open 7 days a week from 10am to 10pm (Fridays from 2pm onwards), which will operate as a branch office.

During the plenary session hosted by EFG Hermes on Growth, Inflation and the Egyptian Consumer, Abdallah states that “the world economic crisis does affect Egypt in certain respects, however consumer spending still remains strong with the main effect being a change in the way the money is spent. So while there has been visible slow down in luxury and super luxury property markets, more reasonably priced real estate continues to steam ahead and we expect growth rates to be around 30% in 2009.”

Speaking to the media at the conference he goes on to state that “in a country like Egypt where 60% of the population is under the age of 25 there is huge demand for affordable housing and related credit facilities. And with emerging markets being tipped as the main contributors to world economic growth in 2009, investors will be looking at diverse realty markets in countries like Egypt as very attractive homes for their money”

The reading was still the worst for new home sales since 1981. Sales are down 33.1% from September of 2007, and far below the pace of the boom years. In 2005, for example, 1.3 million new homes were sold. In response to slower sales, home builders have been reducing their production. As a result, inventory has fallen but there were still about 394,000 new single family residences on the market at the end of September. At the current pace of sales, that would take 10.4 months to sell through. The median selling price for a new home was $218,400 during the month, down from $221,900 in August, while mean selling price was $275,500 up from $263,900. (CNN Money)

The main aim of Coldwell Banker New Homes in Egypt is the development of a permanent real estate exhibition, a ‘property supermarket’, which is due for completion later halfway through 2009.

“This concept is completely new in the Middle East, and there is a real sense of anticipation surrounding the launch.” said New Homes Director, Mohammed Banany. “The launch means that customers will, in one place, be given access to a vast range of off-plan properties and related real estate services making the whole process of buying a home, or investing in off-plan property easier and more accessible for everyone.”

The new offices - located at Emaar Square – took a record 4 months to complete and will serve as a first rate workspace taking the already 100 strong Coldwell Banker Dubai team to new creative heights. The offices were designed by Blue Camel, and their team of design guru’s Mohammed Darwish, Bruno Nakad, and Rami Al Khatib. They were given free reign with the project with a brief to produce something that is both contemporary and classy. What they came up with was a stunning space with beautiful lines, curves and colors centering on the view of the world’s tallest tower – Burj Dubai.

For more information on Coldwell Banker Mega Homes visit coldwellbanker-ae.com

The new offices - located at Emaar Square – took a record 4 months to complete and will serve as a first rate workspace taking the already 100 strong Coldwell Banker Dubai team to new creative heights. The offices were designed by Blue Camel, and their team of design guru’s Mohammed Darwish, Bruno Nakad, and Rami Al Khatib. They were given free reign with the project with a brief to produce something that is both contemporary and classy. What they came up with was a stunning space with beautiful lines, curves and colors centering on the view of the world’s tallest tower – Burj Dubai. Coldwell Banker landed in the number one spot yet again in real estate, but also landed in 12th place in a list of the world’s biggest and best franchises covering all sectors which included household names like McDonalds, Hilton, and RadioShack.

In an announcement following the news, Mohammed Abdalla, President of Coldwell Banker Intercontinental Affiliates states: “The fact that our franchise has consistently stood at the number one real estate spot for the last nine years is testament to our systems being second to none. Coldwell Banker provides a proven business model that ensures the success of the franchise is replicated in one country after another, and our sales performance reflects this.”

Other Coldwell Banker Number 1’s:
Number 1 in sales revenue worldwide.
Number 1 in transaction numbers worldwide.
Number 1 real estate listing website coldwellbanker.com