As the property market gains momentum, real estate has emerged as one of the most attractive options for investment. The World Bank expects this growth to accelerate in 2014, strengthening to 3.2 per cent this year, 3.4 per cent in 2015, and 3.6 per cent in 2016. Recognizing how real estate remains a key driving factor for the GCC market, a group of Saudi investors based in Riyadh decided to establish a real estate investment and development company to leverage growing opportunities in the global realty landscape.
Best Choice Real Estate Development, specializes in delivering end-to-end services such as preparing feasibility reports, conducting market studies, making investment strategies, and planning and executing sales across international markets.
Mohamad Rabih Itani, CEO, Best Choice, stated: “The property market has been witnessing tremendous growth worldwide as economies continue to improve following the global recession. The GCC is currently poised for a remarkable real estate boom fuelled by improved economies, the developments of mega-projects, and the hosting of major events. Aside from investing in regional property developments, investors from the GCC are exploring long-term options in the global property arena. These investors are more interested in continual returns and are thus looking for fresh opportunities worldwide. This trend has grabbed the attention of Best Choice and has led us to come up with investment proposals for potential investors, particularly from Saudi Arabia and the GCC.”
Realising the popularity of the Maldives as the fastest emerging destination of choice for property investment, Best Choice has developed Vadinolhu Island on the Maldivian concept of ‘One Island, One Resort.’ Located in Lammu Atoll, the Island is an unexplored isle with unmatched beauty which is in close proximity to the domestic airport.
To be completed by 2017, the USD 100 million Vadinolhu Island Resort will feature 100 beach villas, including plush water bungalows and luxury suites. The premier five-star resort will boast of world-class dining services, excellent wellness facilities, and leisure activities. Aside from being a perfect family getaway, the eco-friendly resort is being developed to offer assured returns on investment to financiers, in particular to those who are into resort management.
Best Choice Real Estate Development operates internationally through its headquarters in Bahrain with support offices in Turkey and Maldives. The company offers a comprehensive range of property solutions addressing the current needs of the global realty market. Best Choice is run by a professional team capable of managing international projects. Through its expertise and international presence, the organization hopes to provide a vital link between Middle East investors and some of the world’s most highly sought properties.