Expansions and plans at Dynasty Zarooni, Dubai is something everyone would follow closely

Dynasty Zarooni is putting together three new prongs to diversify its revenue base and, at the same time, break into new market segments. The brokerage division is already up and running since the beginning of the year, and will be complemented by dedicated set-ups for handling long-term assets (primarily leased property) and structured financing deals.

A major expansion of the company’s brokerage division, which will see it create a network both in-country and in Russia and London. The first link in the expanded distribution chain opened in BurJumman which will be followed by others in Abu Dhabi, Jumeirah Lakes Towers and Shaikh Zayed Road. St. Petersburg comes on line before the year is out and London by early next.

The plans at this stage are to have as many as 35 such outlets in the medium term, including 20 in the UAE.

"We project that the brokerage division will represent 25 percent of our operating profits in time, and is a perfect complement to the gains made by the investment division in the one-and-a-half years that Dynasty Zarooni has been operational." states Rajesh Gupta, the Group's Chief Financial Officer.