Real estate experts have confirmed that the Dubai real estate market is experiencing its most prosperous period for both the investor and the developer. The investor has benefited through the rise in profits on resale and the high return on investment due to the rise in rents, and the developer has achieved good profits through the improvement in prices.
They added that investment in Dubai real estate is among the best in the world, and outperforms many major markets.
In turn, the CEO of Standard Real Estate Management, Abdul Karim Al Mulla, said: “There is a global demand for buying villas and luxury units by a large segment of people with high incomes.”
Al-Mulla added, “The large segment of people with high incomes see that Dubai is a safe place that enjoys greatly developed infrastructure and services, and that it enjoys many factors and facilities provided by developers to attract many tourists to live in Dubai in upscale and developed places, especially villas.” And townhouses,” expecting this momentum to continue during the coming period.
In addition, the General Manager of Awad Gargash Real Estate Company, Raad Ramadan, said: “There is an increase in profits for real estate, and at the present time the distinctive real estate movement has exceeded previous years in terms of the investment return that was recorded in the years 2002 and 2003, and began to rise until there was Crisis in 2008, but the drug gets sick and does not die.”
Ramadan explained, “(Real estate is the master of investment), and as for the movement of the real estate sector, there are high profits for rents and sales, and the (Corona) period was a golden period for purchasing real estate.”
He pointed out that investing in real estate achieves high profits, stressing that the golden period of the real estate market will be prolonged, pointing out that there is a diversity of categories of real estate investors from inside and outside the country.
For his part, real estate marketing expert, Alaa Masoud, said, “The momentum of demand that the real estate market is currently witnessing in Dubai has led to increased activity in the real estate sector and an increase in the number of buyers.”
Masoud added, “There is a realization among investors that investing in Dubai will benefit them, by purchasing one, two or three properties.”
In the same context, the managing director of Harbor Real Estate, Muhannad Al-Wadiya, said that “the real estate market in Dubai achieves commercial and capital investment returns that exceed all expectations, compared to their counterparts globally,” stressing that “some are thinking about selling now, because it is an irreplaceable opportunity. We always say: Buy the property in a time of crisis and sell it in a time of prosperity and high demand.
In the same context, CEO of Elio Real Estate Company, Zahi Qashou, said, “There are basic drivers in increasing demand for Dubai real estate, including that Dubai has proven to the world that it has overcome the Corona crisis without any impacts on investors or tourism.”
He pointed out that the increase in tourism traffic continues, in addition to Dubai being distinguished by new landmarks that dazzle the world, and all of this encourages investment and attracts many international investors.
He added: “Every developer and project has special advantages, and competition between developers motivates investors to invest and benefit from the special offers that bring them higher benefits. We are about to welcome a new real estate season in which there will be new record numbers, and it is expected that they will surpass those achieved during the year 2023 by a large percentage, and the momentum “It will continue and increase at a higher pace in 2024.”
In the same context, the General Manager of the Royal Liwan Real Estate Company, Muhammad Hareb, said: “There are some investors who are buying to invest in the current period despite the rise in prices, with the aim of achieving profits, and because there is an increase in investment returns in the current period.”
Hareb stressed that supply and demand at the present time are good, expecting continued momentum in the real estate market, which depends on the flow of capital and the influx of investors to invest in Dubai, and this momentum is expected to continue in the first quarter of 2024.
The Chairman of the Board of Directors of Al-Waleed Investment Company, Mohammed Al-Mutawa, said, “The real estate market in Dubai is witnessing continuous growth,” noting that, according to Central Bank figures, there are huge investments that have entered the Emirates, especially in the real estate sector.
Al-Mutawa expected the momentum to continue because the numbers indicate that there is a large surplus of investments in the country, and there is a large demand for real estate.
2023-10-08 22:05:57
#investment #return #Dubai #real #estate #among #world
