Central Florida—Potential Gateway for Middle Eastern Capital?

By Balazs Szekely, Associate Editor

29 Palms at City Center

A Premier Sotheby’s International Realty team led by Sales Associate and Consultant Roger Soderstrom  and Sales Associate Omar Abdul-Hafiz markets the 29 Palms at City Center mixed-use project to foreign investors in the Middle East. The global marketing strategist and the international marketing specialist make use of the government’s immigration policy that encourages foreign investments in U.S. projects that will create new jobs and improve local economies.

The U.S. Citizenship and Immigration Service allows up to 10,000 EB-5 visas per year—investing in an EB-5 approved project and creating or preserving 10 permanent full-time jobs for qualified U.S. workers makes investors and  their families eligible for the Permanent Resident status.

Premier Sotheby’s International Realty is exclusively marketing 29 Palms at City Center, a condo community with 301 one-, two- and three-bedroom residences. The property is part of City Center West Orlando, an approved EB-5 Florida Real Estate Regional Center. Foreign investors are interested in purchasing vacation homes as well as multi-family communities, single-family homes and condominiums that are in demand in the Orlando area, Abdul-Hafiz explained in a statement for the press. “They are looking to generate cash flow and capital gain so they can work toward more investments in the U.S.,” he continued.

Central Florida is home to more than 150 international companies according to the Metro Orlando Economic Development Commission.  “This area is becoming the Middle Eastern investor’s prime investment target especially with Emirates Airlines starting daily service to Orlando,” Abdul-Hafiz added.

Image source: 29palmsatcitycenter.com