Real estate company JLL has conducted trade transactions in the Asia-Pacific region worth USD 6.8 billion in the first six months of this year.
According to information released by JLL, revenue in the Asia Pacific region grew by 30 per cent. The Maldives is among the five countries that generated the highest revenue from the region. Business transactions worth USD 205 million were conducted in the Maldives within the first six months of this year. According to JLL, demand for real estate businesses in the Maldives has increased due to the COVID-19 pandemic.
Two resorts owned by Universal, Sheraton Maldives Full Moon Resort and W Maldives, were also sold last month via JLL. JLL revealed that this is one of the largest business transactions conducted in the Maldives so far.
JLL generated the highest revenue from Japan, Korea, China, Singapore and the Maldives in the first six months of this year. JLL conducted USD 1.8 billion in transactions from Japan, USD 1.7 billion from Korea, USD 1.6 billion from China and USD 899 million from Singapore.
JLL’s revenue soared to USD 19 billion last year. The company earned a profit of USD 950 million, and plays an active role in the sale of properties around the world. The company currently operates in 80 countries around the world.