PACE Pakistan Expands into UAE’s Real Estate Market with Dubai Project
PACE (Pakistan) Limited has announced its entry into the UAE’s booming real estate market. The company plans to buy land in Dubai to build a commercial project. This marks an important milestone in PACE’s international growth strategy.
In a notice to the Pakistan Stock Exchange (PSX), the company confirmed the decision. The Board of Directors also approved setting up a subsidiary in Dubai to execute the project.
The Chief Executive Officer received authorization to complete all legal formalities. According to the official statement, she may delegate tasks as required to ensure smooth execution.
Expanding Beyond Borders
Founded in 1995, PACE Pakistan is part of the First Capital Group. The company has built a strong reputation for developing and managing shopping plazas, housing societies, and commercial spaces across Pakistan. Now, PACE is ready to take its expertise global.
PACE’s operations include building, managing, and selling a wide range of real estate assets. These include supermarkets, departmental stores, and housing projects. By moving into Dubai, the company aims to tap into one of the most dynamic property markets in the world.
Why UAE Attracts Pakistani Businesses
In recent months, several Pakistani firms have expanded into the UAE. For example, Zarea Limited, a leading B2B commodities platform, launched a Dubai based subsidiary. Similarly, Ismail Industries Limited and Treet Corporation Limited have established operations in the region.
Experts say the UAE offers an ideal environment for Pakistani companies. The country’s strong legal system, business friendly regulations, and efficient payment processes create the perfect setup for international growth.
In addition, Dubai’s global connectivity and advanced infrastructure attract entrepreneurs and investors alike. As a result, companies like PACE can benefit from easy access to regional and international markets.
A Step Toward Global Recognition
PACE’s decision signals confidence in its long-term vision. Expanding into Dubai not only boosts its business reach but also enhances Pakistan’s presence in international real estate.
This expansion demonstrates how Pakistani companies are increasingly thinking globally. Therefore, PACE’s move could inspire others to explore international markets with similar ambition.
