The future of the real estate market in Dubai is very bright due to the leadership shown in the UAE. Dubai probably has one of the best infrastructures in the world, with aspirations to always be the best. And we want to proportionally advance as a company along with the emirate’s ambitions. Since D&B’s inception in mid-2015, we have grown organically and successfully to become a serious market player and contender by building a fantastic team built upon professional family ethics that we look forward to continuously nurture. Dubai’s real estate market comes down to basic economics relating to supply and demand. Now the supply is slightly higher than the demand. However, I am confident that the government is putting the right policies and regulations in place to increase demand. It will subsequently lead to a healthy recovery of the real estate sector in this great city.
The real estate market in Dubai has continued to grow over the years. It has established itself as one of the world’s most exciting markets. The luxury sector is also consistently getting better. And investors from around the world are considering adding Dubai to their property portfolio. There will always be a significant demand for luxury in this part of the world. Over the past couple of years, developers have built master communities, supplying the market with a large number of units. However, not all of them can be considered high-end luxury goods. This, combined with where we are priced at in terms of price per square foot compared to many metropolitan cities around the world, will create a formula that will be extremely attractive for people of all lifestyles and mid-income earners who also aspire to own high-end luxury products. For all Dubai’s dynamic culture, robust security, and incredible lifestyle, the popularity of its real estate market only started 20 years ago, and over this short time, the emirate has established itself as a significant player on the global stage.
COVID-19’s Impact on the Real Estate Industry in Dubai
Yes, sales have been affected, and the market has naturally slowed down as a result. However, we have seen a considerable increase in demand from people wanting to buy and rent properties all over the city; the sales and leasing teams have not seen this amount of demand for a long time. We utilized the most advanced technology to communicate and motivate everyone within the company as well as increased our marketing budget, lead generation, and incentives to instill every agent with the inspiration to keep moving and closing deals.
Adapting to change
We were able to adapt by employing the best processes, making more calls than ever, and working with Dubai Land Department to complete transactions virtually and securely. We believe that Dubai will cope with COVID-19 just as it recovered from the last global recession in 2008. From a brokers’ perspective, the majority of the technology that we use helps us increase our reach to customers interested in this part of the world and improve our internal efficiency operationally. Technology plays an integral role in transferring and registering properties quicker and more efficiently. The constant improvement of these technologies and processes will have a direct impact on the quality of service that the government provides.
Picked the Wrong Real Estate Agent? Find Out What Went Wrong
If you are reading this, you’re already done with your real estate agent’s incapability to get you the best offers. We’ll tell you what went wrong. Even if you haven’t hired anyone yet, this article will help you find the best real estate agent in Dubai. The Dubai real estate industry is at its prime […]
28 January 2021 Did you know that you can apply for a mortgage in Dubai in five simple and easy steps? Read more to find out what they are. Step 1 of Applying for a Mortgage in Dubai The Mortgage Consultant: Visit a reliable mortgage consultant, who will give you an overall understanding of the […]
Houza Fills a Gap in the Property Market to Give UAE Agents More Choice
A consortium of premier real estate companies has joined forces to create a new property portal, houza.com, as the market bounces back from a testing six months. houza – the UAE’s new home for buying, selling and renting property – has brought together a strong collective of brokerages in an unlikely alliance. The project will […]
There is a wide variety of communities available to rent in Dubai. The availability has undoubtedly elevated the emirate’s status as a robust family-friendly location for expats. Deciding on a community to rent in Dubai need not be hectic. But, you need to be aware of the local market conditions. Additionally, knowledge about the best […]
Our community expert Magdolna Jano explains why Dubai Creek Harbour should be on your priority list for real estate investment in Dubai. The brand-new masterplan by Emaar Properties will be home to the world’s tallest tower – Dubai Creek Tower. “I believe Dubai Creek Harbour is the future of Dubai,” says Magda. It’s a brand-new […]
Restyle rented apartments in Dubai without disappointing your landlord, and without going hard on your finances. Dubai is expanding – so is its population share of expats. And to sustain the influx, a number of residential communities are evolving. With most of them being built specifically for rentals, the choices available for personalising your rented […]
Villas in Dubai Hills Estate Witness Faster Financial Recovery
Maple and Sidra villas in Dubai Hills Estate are showing signs of faster financial recovery than all other areas in Dubai. Find out why these communities are in such high demand now. Over the past couple of months, the enquiries on Maple and Sidra villas in Dubai Hills Estate have been increasing. They are high […]
Ann Susan Paul | 10 November 2020 With many superyacht marinas coming up in major cities around the world, choosing the right cruising destination can seem quite a challenge in itself. So, we have curated a list of the best marinas around the globe where you can moor your yachts. With harbours around the world […]
To increase home value is to better your chances of closing a fantastic deal at a time when property investors are looking for new opportunities in Dubai. If you are planning to sell your property, here are 5 ways you can improve your home and increase its value in the market. The number of secondary property […]
Ann Susan Paul | 25 March 2021 Dubai property scams are not new. With the advent of technology, the opportunities for scammers have also increased. As a result, investors and homeowners are falling prey to property fraud in many parts of Dubai. In this scenario, it is always wise to practice precaution and deal only […]
Downtown Dubai: The Community with the Highest Quality Buildings in Dubai
Our community expert Chetan Shroff explains why Downtown Dubai is the perfect place for real estate investors who are looking for a community with the highest quality buildings in Dubai. “I strongly believe that Downtown is the centrepiece of Dubai.” Think of Downtown as the capital of Dubai. In the last 10 years, Downtown Dubai […]
A new logo to act as the national brand of UAE, which will represent the emirates to the world, has been revealed. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces unveiled the logo on Wednesday. […]