More International Investors Pursued by Dubai Real Estate

1. More International Investors Pursued by Dubai Real Estate A significant amount of interested investors are attracted by Dubai real estate, but there is still a vast area having the potential to be tapped. The property sector of the emirates has witnessed a 25% of increase in the transactional activity in the first quarter of this year itself. The city being the safe haven for the property investors globally, have the capacity to attract more international investors, told by the industry stakeholders in an event of Ramadan majlis real estate organized in collaboration with Dubai Land Department. The theme of the event was upgrading the sector of real estate along with the investment promotion. It was hosted by the international property show. Many factors were discussed which are faced by the real estate like low oil prices, dollar clinched local currency, policies by the bank regarding money transfers, again

2. considering the mortgage cap set by the central bank UAE, after considering the VAT effects of 2018 thereby balancing the supply and demand, incentives given to investors and affordable housing for end users. Picture Courtesy: raywhite.ae The managing director of Emmar properties drew focus on working together for the up gradation of real estate sector of Dubai. They have a robust appeal for the global investors. Being developers, they require constant support of the DLD and banks in completing the transactions about getting the money abroad. According to chief commercial officer at the Dubai properties, around 80% of the demand is from global market. And as of now, not even 50% comes from it which means that there is still huge room to conquer and attracting investors till 2020, so all the developers will have enough amount of demand for the supply to put into the market.

3. Picture Courtesy: www.dagens.dk Dubai being rapidly growing as commercial hub and tourism destination, increased population and more opportunities for job and constant interest of global investors, demand is there in the market and is growing continuously. Developers were suggested to extend the payment plans and provide more affordable houses and for the government to allow more incentives for both the local and international investors, banks to ease the policies a bit and investment promotion authorities. The real estate market of Dubai is in a healthy position and is perfect for investments. This platform is good for knowledge sharing and exchange of views regarding in depth discussions over concerns faced by real estate developers, sellers and buyers. This event was the first out of the several to be held regularly for facilitating cooperation and understanding between the communities of real estate for upgrading the sector.

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