PURE Real Estate, a real estate investment management company, has made giant strides towards becoming a major player in Abu Dhabi’s property sector within only one year since it has been launched.The company is currently handling around Dh20 billion high-end residential, commercial and retail projects that are being developed by leading Kuwaiti companies, which include Dar Al Dhabi Real Estate and Mayadeen, and which are situated on Al Reem Island, a prime location in the emirate.
“We really believe in this project, we see a lot of investors from the UK, Ireland, India, Pakistan and the US looking at Abu Dhabi, particularly at Al Reem Island,” Alan O’Donnell, the company’s managing director, told TBW.O’Donnell noted that given the current global economic crisis, the UAE market is becoming an increasingly attractive alternative for investors from the West. “There are a lot of mature investors who are obviously suffering from the depression of the real estate market and stock market in the US. However, there is still a lot of liquidity and people are looking for places to invest money outside the US,” he said.

Pure Real Estate, founded by O’Donnell, Emirati businessman Saeed Ghanim, who is currently the company’s chairman and Stuart Donald, director, was launched with the aim to fill the gap in Abu Dhabi’s real estate market for a multi-platform company that could offer comprehensive real estate solutions, including sales and marketing as well project and investment management services. “The goal of PURE Real Estate is to offer integrated real estate solutions,” O’Donnell said.

Source:http://www.zawya.com/