Dubai – Mubasher: Damac Properties Dubai Co on Wednesday said that it is checking out investment opportunities in Toronto’s popular real estate market.
During a meeting this week with Toronto Mayor John Tory, Damac’s chairman Hussain Sajwani said: "Toronto and Dubai share a number of similarities, as both cities continue to attract skilled professionals and investors who are looking for a stable, friendly market to raise their families while offering strong investment returns on property purchases."
"Both cities are leaders in attracting top talent from around the world […] Both cities have a burgeoning property market that continues to show resilience and is able to deliver strong returns," Sajwani added.
Sajwani owns over 70% of Damac’s shares, and is dubbed as “the Donald of Dubai” after US president Donald Trump, due to his close ties with the Trump family.
Toronto’s real estate market had seen a rise in prices on a regular basis over the few past years due to citizens’ and foreigners’ increasing demand.
