Three days and a 25 million AED deal

Turning Loss into Profit

How the right mentality, a visionary approach, and a good relationship with the client led to close a 25 million AED deal in three days.

Bashir Ashi, a secondary market agent at AX CAPITAL, was managing the property of one of his clients. Around 3 months ago, he made a deal to sell 2 ready properties. However, two weeks later, the prices for them shot up by 200,000 AED and later became 600,000 AED more than initially. The owner decided to exit both MOUs (a purchase agreement between a seller and a buyer).

Eventually, Bashir managed to cancel one of the deals, and after paying the penalty, he sold it for 600,000 AED more.  The investor decided to continue his investments and trusted Bashir with his decisions, as they were on good terms with each other. With the help of constant insights and analytics provided by AX CAPITAL, Bashir bought a 25 million AED off-plan EMAAR property for the investor.