Provident Estate
 | |
| Industry | Real estate |
|---|---|
| Founded | 2008 |
| Founder | Loai Al Fakir |
| Headquarters | , |
Number of employees | 300+ (as of 2023) |
| Website | www |
Provident Estate is a Dubai-based real estate brokerage firm founded in 2008. The company operates in the United Arab Emirates' residential and commercial property markets, providing services including property sales, leasing, and management.
History
Provident Estate was established in 2008 by Loai Al Fakir.[1]
In 2023, the company reported transactions exceeding AED 635 million through agreements with developers Select Group and Sobha Realty.[2] The same year, it was appointed as exclusive sales agent for Habtoor Tower in Al Habtoor City, a project by Al Habtoor Group.[3]
Notable transactions
In December 2023, Provident Estate brokered the sale of a penthouse at Como Residences on Palm Jumeirah for $136 million, reported as Dubai's most expensive residential sale at the time.[4] The transaction received international media coverage due to its value.[5]
Recognition
Provident Estate has received awards from real estate developers, including:
- Four awards at Sobha Realty's Stars Award Night in 2023[6]
- "Highest Performing Channel Partner" from Sobha in 2024[7]
- Recognition at Emaar's Annual Brokers Awards in 2024[8]
See also
- Real estate in the United Arab Emirates
- Dubai Land Department
- Emaar Properties
- DAMAC Properties
- List of companies of the United Arab Emirates
References
- ^ 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". Lovin Dubai. Retrieved 2025-07-18.
- ^ "Provident Estate transacts over AED 635mln on exclusive deals". Zawya. 2023-05-17. Retrieved 2025-07-18.
- ^ Singh, Marisha (2023-06-14). "Provident Real Estate awarded exclusive rights to launch and sell Habtoor tower". Gulf Business. Retrieved 2025-07-18.
- ^ Prisco, Jacopo (2023-12-05). "Yet-to-be-built Dubai penthouse sells for record $136 million". CNN. Retrieved 2025-07-18.
- ^ Frishberg, Hannah (2023-12-05). "Unbuilt penthouse sells for record-breaking $136M in Dubai". New York Post. Retrieved 2025-07-18.
- ^ "Provident Real Estate wins 4 Awards in Sobha Realty's Stars Award Night". EIN Presswire. Retrieved 2025-07-18.
- ^ "Provident Estate Wins Highest Performing Channel Partner Award from Sobha". Kanebridge News. 2024-08-22. Retrieved 2025-07-18.
- ^ "Provident Estate Honored at Emaar Annual Broker Awards 2024". Provident Estate. 2025-02-12. Retrieved 2025-07-18.