Loai Al Fakir Explained

Loai Al Fakir
Occupation:Real Estate Brokerage
Known For:Chief Executive Officer of Provident Estate

Loai Al Fakir is a Chief Executive Officer of Provident Estate, a real estate brokerage in Dubai that he established in 2008.[1] [2] [3] [4]

Biography

After operating his family business in Cyprus, he relocated to Dubai in 2006 and embarked on his real estate industry at PRV2, the real estate sales division of Abyaar Property Developers.[5]

In 2008, Loai Al Fakir established Provident Estate, which provides an online platform for property searches, as well as comprehensive information about communities, areas, projects, and real estate laws and regulations.[6] [7] [8] The company was recognized as a top real estate brokerage during CityScape in 2014.[9] [10]

In 2015, he founded Primestay, a holiday home rental company. In 2017, Loai Al Fakir joined the company One Broker Group as a managing partner,[11] later he became the CEO of the company.[12] [13]

On June 14, 2023, Provident Real Estate obtained exclusive rights to launch and sell Habtoor Tower, the Al Habtoor Group's inaugural freehold property on Sheikh Zayed Road.[14] Also under Loai's supervision, in December 2023, Provident Estate sold the 3rd most expensive penthouse in the world – Como Residences on the exclusive Palm Jumeirah for over $136 million.[15]

Under Provident, Loai Al Fakir founded other sub-companies in real estate industry, such as Primestay, Prism., 811 Accountancy, Premier Finance, Provident Property Management, Precision Inspection, Ethnovate Interiors, Primecleaning, Prime interiors.

Loai Al Fakir supports green projects to offer long-term savings on energy costs, higher property values, and a positive impact on the environment.[16]

Loai is recognized by major Dubai developers like Emaar, Sobha Realty, Azizi Developers, and Dubai Properties, as well as property portals Property Finder and Dubbizle.[17]

References

  1. News: 2023-11-07 . Why Dubai Metro and Etihad Rail could hold secret to next real estate boom - Arabian Business . 2024-07-09 . Arabian Business . en-US.
  2. Web site: 2024-02-14 . Shifting Sands: Dubai's 'The Island' redefines luxury with a Vegas twist - CW Property Middle East . 2024-07-09 . en-US.
  3. Web site: 2023-10-24 . Mr. Loai Al Fakir: Provident Real Estate's CEO Joins LIDE Dubai. . 2024-04-16 . lide.ae . pt.
  4. Web site: حكومة دولة الإمارات العربية المتحدة. أعضاء المجلس الوطني الاتحادي . 2023-07-09 . u.ae.
  5. Web site: Loai Al Fakir - Managing Director - Provident Real Estate Agents . 2024-07-09 . XING . en.
  6. Web site: Baby . Anika Eliz . 2023-07-22 . How One Guy Went From Living In A Car in Dubai To One Of The Biggest Real Estate Businesses . 2024-07-09 . Lovin Dubai . en-US.
  7. Web site: 2023-04-25 . Why now is the ideal time to invest in Dubai real estate: experts . 2024-07-09 . arabianbusiness.com.
  8. Web site: Loai Al Fakir-Chief Executive Officer Founder @ Provident Real Estate-Emails and Phone Numbers . 2024-07-09 . FlashIntel.
  9. Web site: Rizvi . Muzaffar . Rail Link Expansion: A Game-changer for Real Estate Industry . 2024-07-09 . Khaleej Times . en.
  10. Web site: 2015-06-21 . Setting Standards Provident Estate - Company Profile . 2024-07-09 . SlideShare . en.
  11. Web site: 2017-08-23 . Five estate agencies in Dubai see more use in one . 2024-04-16 . gulfnews.com . en.
  12. Web site: PropIT Middle East 2020 . 2024-04-16 . app.qwoted.com.
  13. Web site: Biggest Football Event For Realtors in Dubai - Bayut Cup '17 . 2024-04-16 . A blog about homes, trends, tips & life in the UAE MyBayut . en-US.
  14. Web site: Singh . Marisha . 2023-06-14 . Provident Real Estate awarded exclusive rights to launch and sell Habtoor tower . 2024-07-09 . en-US.
  15. Web site: Prisco . Jacopo . 2023-12-05 . Yet-to-be-built Dubai penthouse sells for record $136 million . 2024-07-09 . CNN . en.
  16. Web site: Abbas . Waheed . Dubai communities becoming greener, thanks to COP28 . 2024-07-09 . Khaleej Times . en.
  17. Web site: Provident annual awards ceremony 2023 . 2024-07-09 . www.zawya.com . en.