UAE-based BCC Group International has acquired a 51% majority stake in Ajad
Real Estate, a prominent UAE property firm, marking a significant expansion in
the UAE real estate market. Under Chairman Amjad Sithara, BCC has introduced
the region’s first 100% commission model for real estate agents, signalling a
transformative shift in agency operations.
UAE Conglomerate BCC Group International Strengthens Real Estate Presence
As reported by CairoScene on November 5,
2025, the UAE-based BCC Group International, an Indian-owned conglomerate
chaired by Amjad Sithara, has finalised the acquisition of a 51% majority stake
in Ajad Real Estate, a notable player in the UAE’s property sector. This move
is part of BCC's strategy to deepen its involvement in the UAE's rapidly
expanding real estate industry.
Founded in 2012 and headquartered in Dubai, BCC Group
International has evolved from a manpower supply and construction solutions
business to a diversified business conglomerate with interests spanning real
estate, strategic investments, hospitality, logistics, and IT solutions. The
group operates across the UAE, Qatar, Saudi Arabia, and India with a workforce
exceeding 20,000 professionals.
Introduction of Region's First 100% Commission Model for Agents
The acquisition comes with a pioneering announcement by
Amjad Sithara, BCC Group International’s chairman, regarding the rollout of the
UAE region’s first-ever 100% commission model for real estate agents. This
innovative business model allows agents to retain their entire commissions
rather than sharing with agencies, which industry analysts believe will empower
agents to function more as entrepreneurs and attract top-tier talent to the
sector. This model has the potential to redefine real estate agency operations
across the region.
Ajad Real Estate’s Established Market Position and Services
Ajad Real Estate is known for its expertise in property
management and real estate development, providing an array of services
including off-plan and secondary market sales and leasing, property
consultation, and market analysis. The partnership with BCC Group International
is expected to leverage these competencies alongside BCC’s resources, enhancing
service offerings for clients and stakeholders in the UAE’s dynamic property
market.
Strategic Vision and Future Growth Plans
Under the visionary leadership of Amjad Sithara, BCC Group
International has grown exponentially, maintaining core values of excellence,
reliability, and innovation. This acquisition highlights the group's long-term
growth strategy and commitment to sustenance in the UAE and international
markets by forging strategic partnerships like the one with Ajad Real Estate.
It is anticipated that the collaboration will bring about enhanced operational
efficiencies and broaden the scope for business expansion.
Background on BCC Group International and Leadership
BCC Group International was initially a specialised manpower
supplier and construction solutions provider. Over the years, it has
diversified into various sectors while maintaining a strong focus on quality
and innovation. Amjad Sithara, the group's chairman, is credited with steering
the company from its modest beginnings into a global organisation with a
considerable workforce and diversified portfolio across multiple countries.
Implications for the UAE Real Estate Market
The acquisition and the accompanying commission model could serve as an impetus for transforming real estate practices in the UAE, encouraging greater professionalism and entrepreneurship among agents, and potentially setting new industry standards. Customers may benefit from increased agent motivation, which can translate into more attentive service and innovative deals.