Dubai’s real estate market is positioned for “massive and unprecedented growth over the next decade”, says Ismail Al Hammadi, CEO of Al Ruwad Real Estate
Dubai, UAE, 27 May 2022, ZEXPRWIRE, Ismail Al Hammadi, CEO of Al Ruwad Real Estate, who is a veteran in the Dubai property market, is optimistic about Dubai’s real estate sector and predicts massive growth in the industry over the next 10 years. The Emirati CEO believes the real estate market will remain mostly bullish and now is the time for investors and end users to step in.
Many other Dubai property experts agree that as Dubai has successfully fought the global pandemic effectively and efficiently, the growth trajectory and upward momentum will continue to remain bullish as we move forward into 2022 and into 2023 and beyond. of the.
Ismail Al Hammadi believes that a number of factors can be attributed to this bullish trend and the new visa reforms, numerous incentives for buyers and favorable policies for expatriate investors are just a few.
Mr. Ismail Al Hammadi said:
“Dubai’s real estate sector is very well regulated and coupled with a growing population of residents and an ever-growing tourism sector, the current supply of properties for investors and end users will only decrease. Rental income will therefore continue to grow by up to 7-8%, driving up the prices of off-plan and ready-to-use properties.
Currently, wealthy investors from all over the world, and especially from Russia and Ukraine, are flocking to Dubai in search of safe and lucrative investment opportunities in the Dubai real estate sector. Expo 2020 has further enabled this process by attracting millions of tourists, many of whom are high net worth individuals interested in the real estate sector.
According to Gulf News, “The UAE real estate market is expected to accelerate in the future, with the real estate market already experiencing record growth since the last quarter of 2021. For example, the value of real estate transactions in Dubai more than doubled last year and broke a 12-year record for sales value.
Nearly 80% of real estate professionals surveyed over the past 12 months are confident that the UAE real estate market will grow faster in the coming year, according to a 2022 real estate report published by the global real estate broker Berkshire Hathaway HomeServices.” Read more here
The final verdict of almost all real estate experts and professionals is that now is the perfect time to buy real estate in Dubai given the continued high demand and low interest rates.
About Ismail Al Hammadi, CEO of Al Ruwad Real Estate
CEO and Founder of Al Ruwad Real Estate and Biznet Consulting, the multi-dimensional real estate agency in Dubai, and a brokerage firm at the intersection of technology, public relations and government relations in the Emirates.
- Top 100 most influential personalities in the Arab world
- Top 20 Most Trusted Estate Agents in Dubai
Last name: Salman A. Kureishi
Company Name: Al Ruwad Real Estate
Company address: #324, Oud Metha Offices Building, Umm Hurair 2, Dubai, UAE
Phone number: +971508747474
Country: United Arab Emirates
E-mail: [email protected]
The post-Dubai real estate market is positioned for “massive and unprecedented growth over the next decade,” says Ismail Al Hammadi, CEO of Al Ruwad Real Estate, which appeared first on Zex PR Wire.