Select Property experiences meteoric rise in sales

Select Property, which has a major sales division in Dubai Marina, announced its most successful quarter with real estate worth more than Dh6S7 million sold from January to March. This represents a 222 per cent increase from the fourth quarter of 2013 and a 140 per cent year-on-
year increase.
 
The company sold 437 properties across Dubai and the UK to clients from around the world, with the Middle East, Southeast Asia and the UK being the most active markets. A quarter of these sales were through referrals, demonstrating the high level of customer service Select Property provides.
 
The gradual recovery of the global property market and the strength of the products it sells - such as purpose-built student accommodation in the UK and luxury residential developments in Dubai Marina such as No. 9 - have contributed to the brand's success.
 
Select Property has also invested in a office in central Dubai Marina for its UAE division and has relocated its UK headquarters to new offices. It appointed a new CFO as well Michael Slater.
 
Mark Stott, CEO of Select Property. said, "Acheving such strong sales is a tremendous start to the year and we're extremely hopeful that 2014 will shape up to be a landmark year for the company. Our resilience has allowed us to remain operational in Dubai where others have failed, and our strategy to diversify into student accommodation has firmly solidified our position in the UK."
 
Source: Property Weekly
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