Exclusive Links Managing Partner Zarah Evans talks more about Real Estate

  • 07APR

Exclusive Links Managing Partner Zarah Evans talks more about Real Estate  in 2016.

I see that 2016 will follow 2015 as another challenging year but we will welcome an upturn heading into next year. There is uncertainty in the market but there are more regulations being implemented for longer term sustainability.  We see the government releasing Real Estate Classifications which will sieve through the market place bringing more commitment and industry improvements from the serious brokers.  All factors are pointing towards a more stable real estate marketplace.   
The Dubai real estate market is certainly maturing and getting healthier but it is still saturated with too many real estate companies. This dilutes the quality and expertise available which has a direct and indirect impact on the industry.  Dubai needs to continue to improve our policies and procedures in line with international standards as customers are becoming more property savvy and demanding.
Dubai is one of the most dynamic and rapidly growing cities in the world. The initial success of earlier developments and the rapid recovery in a global downturn has fuelled more and more ambitious projects unimaginable in other parts of the world. I still see a lot of growth opportunities in the low to mid housing segment in Dubai Sports City, Jumeirah Village and Dubai South. Emerging mega projects like Sheik Mohammed bin Rashid City and Cultural Village are exciting well located developments soon to be the new address in town.       
As one of the most popular cities in which to invest and realize your dreams, Dubai delivers on all accounts. All eyes are going to be on Dubai for Expo 2020 so they are going to want to deliver the biggest and the best and will want to platform it perfectly. It is also a great incentive to complete and handover some of the older projects that have sat dormant. Expo 2020 will see a significant rise in job creation in turn a higher demand in residential and commercial real estate sector. 
See earlier posts from our Managing Partner & Director.

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7th April 2016