Before launching any new destination, we study it thoroughly to make sure it fits our investors’ objectives. We identify strategic alliances that are in line with VERTICA Realty Group objectives so we can offer the most competitive, innovative and outstanding services.
For example, the selection of the Canadian market was based on economic stability, education and its immigration system - factors that have been fueling the Canadian real estate sector for many years. On top of that, there are a huge number of Arab-Canadians or potential immigrants who might be interested to buy / invest in a property in Canada.
As for London, it has always been a “safe haven” for investors, especially in the real estate sector. Based on our market research we have found that there is still a big appetite from GCC nationals to buy /invest in London real estate. In addition to this, we can add that the UK has very transparent and long-standing property laws with property tenure that is clear cut and underpinned by the legal system.
Ekaruna Ekaruna Along with Beirut, Dubai, Toronto and United Kingdom, what other cities does VERTICA Properties offer its investors and clients a selection of residential and commercial properties for sale and lease? At this stage we are exploring some new markets, especially the ones offering permanent residency/citizenship. Because of the current situation in the Middle East, the appetite for such products is huge. We will be announcing these new markets as soon as we finalise our due diligence and identify the best opportunities in these markets.
Ekaruna Out of all the cities you listed, which one hold the spot for the most profitable and successful city? Which city holds the least? To be frank, we cannot position it that way as each market has its own character and benefits. London and Toronto have been good performers but again Beirut, even with its current situation, is still a good performer – but of course for the right property with the right price. So in general, we are satisfied with all the markets that we operate in.