Learn what a successful entrepreneur has to say about the soft real estate market in Dubai!

Dubai has always been in the news for one thing or another. While in a discussion with Sheikh Umar Farooq Zahoor, he mentioned how investing in the soft real estate market of Dubai is a great investment for everyone looking for opportunities. Sheikh Umar Farooq Zahoor mentioned a quote by Warran Buffet, “Widespread fear is your friends as an investor because it serves up bargain purchases” while discussing the real estate market in Dubai in the ongoing Pandemic. He stated that the pandemic has brought widespread fear among the people that will definitely serve up the bargain costs. This opens new doors to investments in Dubai.

On asking where to invest, Sheikh Umar Farooq Zahoor states - it is a good idea to follow the strategy of Warran Buffet, meaning, look for the best properties that have lowered their cost because of the situation. Elaborating further, he mentioned with the best property he means the properties that are located in the prime areas of Dubai. These investments will soon pay off after the market recovers and the pandemic passes us. Along with that, you can also invest in the large open development lands which later will attract the eye of developers and builders.

While discussing the real estate market of Dubai, Umar Farooq Zahoor also mentioned how the strategy of investing in both types of properties - large development lands and the prime location properties where people love to love is a great idea for you in Dubai. On elaborating, he also mentioned how selecting the land or area is just a part of making a real estate investment but looking for the economics of your investment is also crucial.

Here are a few things you should consider while investing in property in Dubai that  Umar Farooq Zahoor mentioned. One of these things to consider is to know whether the property is undervalued or if your investment is going to give you a good return, say rental income.

He said unless you have a huge amount in surplus to invest, you must always consider investing in the properties that can give a good rental return.

Following up the discussion, Umar FarooqZahoor said that the buyers are expected to enjoy the 80% benefit on investment in UAE real estate. As per the expectations of the industry experts, the residential property prices are expected to increase in the coming year of 2022. So, if you are looking to invest in UAE real estate this year, he suggested how residential property is your thing. While discussing this, he also mentioned how there are certain areas in Dubai that have already raised the price of property like the Palm Fronds and Dubai Hills.

In the end, he, a great investor and entrepreneur concluded by saying that it is the right time to make an investment in UAE real estate. So, go ahead invest in properties in UAE and expect a profit of around 80%.

 

 

Comments

Post a Comment

Popular posts from this blog

Tap into Dubai’s green energy market

Image
The market keeps on changing with the on-going trends and demands of generation. Being the leader in crude oil, Dubai has now decided to change its course and invest more in green energy. The earth is now moving closer to global warming at an alarmingly fast pace, which is highly concerning for all the obvious reasons.    After meeting MENA countries and the global summit on global warming, the countries agreed on lowering the consumption of non-green energy and depending more on green energy. And in this scenario, the UAE is again emerging as the leader, committed towards the cause more than any other Middle East country.    What’s undoubtedly apparent is that the local government is alone not enough for the cause, but there need to be more players in the field to make this vision come true. With an investment of more than a few million dollars in setting up the solar energy plant, UAE has opened the market for various business moguls to invest in and take the c...
Read more

The new beginning of Hajj 2020 amidst social distancing

Image
After the outbreak of Novel Corona Virus, the countries were shut down, and people were asked to stay quarantined. The malls were closed, schools, movie theatres and the pilgrims and shrines. People were asked to maintain social distancing and to avoid travelling or going out to even office. Millions of tickets were cancelled because of the pandemic. And one amongst any was Hajj 2020 . Hajj is a holy pilgrimage of the Muslim community . People go there to offer their prayers. This year even the sacred shrine of Mecca and Medina was also closed for pilgrims to avoid the deadly outbreak. It made people upset, but everyone was already aware of why it was necessary. The numbers of infected people have drastically decreased now in some of the worse affected regions, and people are returning to their healthy lives, slowly but definitely. And there has been as the announcement that Hajj 2020 has commenced again. People can now back go for Hajj but must follow strict social distancing rule...
Read more

UAE'S ECONOMY RECOVERING FASTEST POST-COVID-19

Image
UAE is coming up as one of the strongest and diverse economies in the world. They are recovering fast and sustainably with a long-term plan in the process. The Ruler of Dubai, Sheikh Mohammed, believes and boasts about the growth in the country's revenue stream and the golden future it holds. This statement comes after he chaired a meeting with the Ministry of Economics’ task force to review post-COVID-19 recovery plans. This meeting was attended was various important dignitaries and ministers of the cou ntry. Sheikh Mohammed, the Vice-President, Prime Minister of the UAE and Ruler of Dubai, was briefed about the plan for the recovery of the economy named "The Fifty economic plan" that talks about the project next one decade and the critical outcomes by 2030. The plan's critical aspects were presented to the ministry, along with the outline of a detailed plan. The country is moving towards a well-integrated, competitive economy that has a proactive and positive stan...
Read more