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UAE: Is taking a part ownership in real estate truly worth your money?
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Choosing a healthy community in Dubai
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PH Real Estate buys strategic stake from company co-founder
DUBAI, 21 days ago PH Real Estate, one of Dubai’s oldest real estate brokers, has announced that it has purchased 50% shares owned by its co-founder Myles Bush in the company for a seven-figure amount . Bush, who has announced his retirement, had set up the company in 2008, aalong with Nick Grassick, who joined PH Real Estate seven years ago and remains its managing director. A reputed company in Dubai, PH Real Estate has achieved several milestones over the last 12 years including the Dubai’s most expensive villa sale in 2017; the most expensive land sale in 2018 and the most expensive rental property in 2019.
Dubai: PH Real Estate on Sunday said Myles Bush, the broker’s CEO and co-founder, will step down from his role.
PH Real Estate also made a large “seven-figure” purchase of Bush’s 50 per cent stake in the company.
One of the two new partners is real estate expert and entrepreneur Mamad Kashani-Akhavan. The other one is Vahid Mazaherioun, an industry veteran with around 20 years of experience in Dubai’s real estate sector.
Established in 2008, PH Real Estate was responsible for Dubai’s most expensive villa sale in 2017 and the most expensive land sale in 2018.
“As we move into an exciting new era for PH Real Estate, I’m delighted that our new partners share the values that Myles and I began the company with – trust, integrity and transparency,” said Nick Grassick, Managing Director.
Dubai: The price tag of a house listed on property portals is one of the first things that draw homebuyers interest towards a real estate unit in the UAE.
However, even when the potential home looks perfect, if the price doesn t align with the buyer s budget or turns out to be overpriced compared to market standards, the buyer tends to withdraw their interest from the possible unit.
Seeking discounts on listing price?
Dubai-based specialist dentist Dr. Teena John found a townhouse with a vast garden space, well within her budget – below the Dh 2 million listing price seen on a property portal.
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