Eye On Realty announces investment portfolio results
Eye On Realty has announced details pertaining to its extensive portfolio of investments and properties, which began accumulation during the past two years.
Babak Golriz, Business Development & Marketing Communications Manager, stated, ‘Its with great pride that we announce that since June of last year, we have established 30 privately managed portfolios for our key clients. We would really like to thank these priveleged individuals for trusting us and putting their confidence into us’.
Sales & Marketing Director, Kayhan Khalili, added, ‘When we started this vision in June of last year, we set ourselves a target of 10 portfolios before the end of 2007 but we ended up with almost 20. Now with almost three quarters of the year gone, we have already hit the 30 mark. Considering that the smallest value on a portfolio is Dhs10m, we are talking about a significant amount of investors funds within our portfolio.’
A company spokesperson confirmed that the smallest portfolio stands at just over Dhs10m and the largest at over Dhs50m. Portfolios are only created for clients that directly and exclusively invest through the company, an idea, which was the brainchild of the management team immediately after their appointment in 2007.
Khalili quipped: ‘We pride ourself on only working with the most notable of developers and investing only within the most luxurious names in the property market. Some of these properties include the Palazzo Versace Hotel, Burjside Boulevard 5-Star Serviced Apartments, Dubai International Financial Center, Jumeirah Islands Luxury Mansions, Trump Tower Residences as well as other notable projects from Emaar ,Nakheel, & Dubai Properties, the nation’s three most notable master developers. These properties have either been purchased independently by clients, or have been recommended and purchased as part of our informal wealth management philosophy for long-term investors.’
At the same time, confirmation was made that there were plans to formalize & structuralize the company’s philosophy in the near future, with an exciting project, although it was not made clear whether this would result in the creation of a new corporate entity. Golriz explained, ‘With everything we have done comes the vision to create & formalize a structure ready geared towards investments currently valued at close to Dhs500m, as well as attract new capital & investment, as we feel that it is the right time in the development of the local property market to set the ball into motion to that effect. During the past two years, we have been involved in acquiring an extensive portfolio of properties for our partners & clientele & in the near future I am sure our plans will be received with great enthusiasm.’
