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Time to buy into UAE’s real estate sector

Posted by Prem Ramachandranon August 14th, 2016 on Blog

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Is this the right time to buy? Should I buy now? Where is the right location? Should I go for a 2 bedroom, a villa or a studio flat? I am sure you have started hearing all these questions once again. Post 2008, I am sure everyone wanted to steer away from the real estate sector but the confidence has returned. People were investing in the UAE much earlier than the Expo2020 win. This shows the confidence of the investors and it is not a playground for speculators any more.

I am sure as in any market, speculators are also there, however, with the strong rules and regulations in place these are all things of the past. These new laws will enable the industry to sustain the growth for a long period of time.

All the major developers are active and they are putting their best foot forward to attract the right customers and create a niche for themselves in the market. This is a great opportunity for investors who would like to be here in this city for the next few years and it would make sense for them to buy a property as compared to renting a unit.

People from across the Middle East and across the globe, are looking at ideal destinations like Dubai to restart their lives. So that brings in the extra set of people to the country, which means that they would need schools, cars, house to stay and basic necessities. This definitely adds to the economy and has a ripple effect.

Don’t be surprised if you see another line of skyscrapers across the Al Khail road or Sheikh Mohammed bin Zayed Road.

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