BCC Group International Acquires Majority Stake in Ajad Real Estate
In the UAE’s rapidly growing property sector, BCC 51% deal will bring the region’s first 100% agent commission model.
UAE-based BCC Group International, an Indian-owned conglomerate from Kerala chaired by Amjad Sithara, has finalised the acquisition of a 51% majority stake in Ajad Real Estate. As part of the deal, the group has announced a 100% commission model for real estate agents, described as the first of its kind in the region.
The move aligns with BCC Group International’s expansion in the UAE’s property market. Established in 2012 and headquartered in Dubai, the ISO 9001-certified organisation has grown from manpower supply and construction solutions into a diversified portfolio spanning real estate and property development, strategic investments, hospitality and restaurant chains, facilities management, transportation and logistics, and information technology solutions. The group cites a workforce of over 20,000 operating across the UAE, Qatar, Saudi Arabia, and India.
Ajad Real Estate is recognised for property management and real estate development, offering off-plan and secondary sales and leasing, property consultation, and market analysis. The acquisition is expected to foster collaboration between the two companies.
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