United States is pursuing a weaker dollar strategy to boost its economy and the stock market which is why we believe investors should consider international stocks and assets. One of the potential destinations is UAE and investors can gain exposure to UAE via iShares MSCI UAE ETF (UAE).
Based in Dubai, UAE, Obaid Belresheed is a prominent entrepreneur and multi-billionaire who revolutionized the family business and founded the Belresheed Group, famous for its reputation as a luxury brand par excellence.
Obaid, please tell us about your journey into the world of business?
My journey started in 1993 with the launch of the Belresheed Company. The real estate company grew by leaps and bounds, offering the opportunity to branch out into diverse industries. Today, under the umbrella of the Belresheed Group, we have 15 companies spread across the country and 1,700 employees.
Please elaborate on your various business interests.
The Belresheed Group encompasses the construction and real estate development, building technical contracting, automobile showrooms, security services, travel, and tourism agency, cleaning and maintenance services, and InfoTech services.
UAE’s real estate sector has undergone a massive transformation in recent years. How has the brand contributed to its growth?
Yes, UAE has witnessed a boom in the real estate space, and we have contributed significantly towards it. By the end of 2020, we will have almost 100 buildings comprising high-end residential towers, luxury villas, and commercial properties in various cities. We have also built a mosque in Sharjah. I have a keen interest in designing and like to showcase our culture. Thus, our properties reflect a mélange of modern charm and Emirates heritage.
The brand also provides a 360-degree service to clients and customers with supplementary businesses, such as building maintenance, security, etc.
How did you diversify from real estate to the other ventures?
After excelling in the space of real estate and becoming a trusted brand, I decided to plunge into areas of personal interest. My passion for luxury cars and traveling ignited the dream to start dealing in automobiles.
Auto Deals is one of the foremost companies in the UAE, dealing in new and pre-owned luxury cars. We take pride in our relationship with brands such as Mercedes Benz, Bentley, and Aston Martin and with our customers, offering the most competitive price and premium service before, during, and after the sale.
I have traveled the world extensively and wanted to extend the same opportunity to others who would like to travel but are intimidated by the booking process. At Al Mazaya Travel & Tourism, we offer a seamless experience, from visas to ticketing and even curating a tour package, all at a competitive price.
Lastly, please tell us about your contribution to the betterment of society.
I believe it is my national duty to contribute to initiatives that would aid in the country’s progress, empower the workforce, and promote its culture. I donated AED 1 Million towards the Year of Giving initiative, which was launched by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan to contribute towards a better future for the coming generations.