The Real Deal Miami

Central Florida real estate pros see more Middle Eastern prospects

They credit direct flights between Orlando and Dubai, which started almost six months ago
September 25, 2016 10:15AM

OrlandoReal estate professionals report increased interest in Central Florida properties among Middle Eastern investors since Emirates Airline launched direct flights between Dubai and Orlando almost six months ago. James Schumaker, who runs international sales for a vacation home development in Reunion for Encore Capital Management, told the Orlando Sentinel that, as a result of the airline flights, “the Middle East is one of those markets where we are seeing an increase in buyers.”

Robbie McEwan, a first vice president of brokerage firm CBRE, recently sold 50 acres in Central Florida to a group of Egyptian investors. He told the Orlando Sentinel the direct flights between Orlando and Dubai have raised interest in Central Florida real estate among Middle Eastern investors: “We’ve definitely seen a direct result of the flights.” [Orlando Sentinel] Mike Seemuth