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Provident Estate

Real estate brokerage firm based in Dubai, UAE From Wikipedia, the free encyclopedia

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Provident Estate is a Dubai-based real estate brokerage firm founded in 2008. The company operates in the United Arab Emirates' residential and commercial property markets, providing services including property sales, leasing, and management.

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History

Provident Estate was established in 2008 by Loai Al Fakir.[1]

In 2023, the company reported transactions exceeding AED 635 million through agreements with developers Select Group and Sobha Realty.[2] The same year, it was appointed as exclusive sales agent for Habtoor Tower in Al Habtoor City, a project by Al Habtoor Group.[3]

Notable transactions

In December 2023, Provident Estate brokered the sale of a penthouse at Como Residences on Palm Jumeirah for $136 million, reported as Dubai's most expensive residential sale at the time.[4] The transaction received international media coverage due to its value.[5]

Recognition

Provident Estate has received awards from real estate developers, including:

  • Four awards at Sobha Realty's Stars Award Night in 2023[6]
  • "Highest Performing Channel Partner" from Sobha in 2024[7]
  • Recognition at Emaar's Annual Brokers Awards in 2024[8]

See also

References

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