Inayat-ur-Rahman, Business Editor

Rayven, a leading commercial brokerage firm in the UAE, has announced another year of record-breaking growth. The firm’s success is largely attributed to the ever-progressing tourism landscape of the Middle East and the United Arab Emirates in particular. Further solidifying its presence in the region, the firm sets sights on expanding its remit to Saudi Arabia and North Africa.

In recent years, and with the opening of Palm West Beach, the beachfront has paved the way for many new openings. Through Rayven, the likes of Tonino Lamborghini Mare Nostrum Skypool Restaurant, Black Flamingo, and Wane Palm Jumeirah have found their rightful homes for success. Property openings like The Dubai Edition Hotel in the last two years have also allowed room for the brokerage, like many others, to source from and collaborate with varying brands to establish and support new locations, such as Sumosan and many others.

Ramy Hachem, Founder and CEO of Rayven,  said:  “We are thrilled to report another year of exponential growth for Rayven. Our commitment to providing exceptional service to our clients and finding the best opportunities for their commercial real estate needs has been the driving force behind our success. We are proud and extremely excited to be expanding our footprint in the Saudi market and exploring opportunities in new markets such as Egypt.”

With over 12 years of experience, the firm has been pushing ahead with ambitious expansion plans in Saudi Arabia, exploring different opportunities for growth with multiple developers and players in the Saudi market. The expansion is expected to result in multiple new developments by the fourth quarter of 2023, aiming to cement Rayven’s presence as a key player in the Kingdom’s commercial real estate market.

Rayven is also exploring expansion opportunities in different markets, such as Cairo, Egypt, in the second quarter of 2024. The firm is excited about the prospect of introducing its unique commercial real estate brokerage services to the Egyptian market.