IDVC Huge Breaking Material Event...IDVC Acquisiti
Post# of 72711
Posted On: 07/07/2014 1:41:47 PM
IDVC Huge Breaking Material Event...IDVC Acquisition of Dubai-Based Real Estate Brokerage Business... effin huge
"Developed property in Dubai is in a sustainable boom, and the market is very liquid," explained IDVC CEO Eric Montandon. "Dubai's real estate brokerage houses generated commissions totaling 1.8 billion UAE Dirhams ($490 million) in 2013, and this figure is growing. With one of the world's fastest growing populations, and 90,000 new residential units to be completed by 2018, there's an enormous amount of business to be done. Orbis has proved that it can capture a certain percentage of this business, and has developed some creative strategies to capture more than just brokerage commissions."
"Developed property in Dubai is in a sustainable boom, and the market is very liquid," explained IDVC CEO Eric Montandon. "Dubai's real estate brokerage houses generated commissions totaling 1.8 billion UAE Dirhams ($490 million) in 2013, and this figure is growing. With one of the world's fastest growing populations, and 90,000 new residential units to be completed by 2018, there's an enormous amount of business to be done. Orbis has proved that it can capture a certain percentage of this business, and has developed some creative strategies to capture more than just brokerage commissions."
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