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Will 2021 be a turning point for Dubai's real estate sector

In the business world, Dubai is considered a land of opportunity. One of the reasons for the increasing economy of the country is the growth of the various type of business. All most of every high-profile brand is has invested in the land of Dubai. And one of the growing sectors is the real estate sector. Due to covid-pandemic, Dubai’s economic growth has to set back. But, by increasing the pace of the vaccination process, Dubai is all set with its positive momentum in 2021.  According to some of the leading real estate kings like  Sheikh Umar Farooq Zahoor , 2021 will become a turning point for the real estate sector. The reason behind such beliefs is the recent numbers that display the development of the real estate exchanges in Dubai during the prior quarter of 2021, increasing 44% on a yearly premise. The number gives a strong hope for the leading real estate businessman to achieve a positive result in 2021 in the real estate sector.   Moreover, the business ...

Dubai Real Estate Market on a rise

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Dubai has become a melting pot of societies and culture with people migrating from over 200 countries to reside in the beautiful city. With the ever-increasing population in the city, the real estate has become a hot investment. If we look at the data from 2008 to 2018, there has been an increase of 86% in the population. A lot of housing projects are already underway to accommodate such high growth in population, making real estate grow many folds with savvy investors. Dubai is coming up as the smartest city in the world with innovations coming up and bringing a higher rate of return of investment. Home to the tallest building Burj Khalifa, the city is attracting huge masses as a tourist as well as dwellers. No one can deny that with such a rapid increase in population, there are requirements for establishments such as shopping malls, hospitals, hotels and even houses. This is coming up as an excellent opportunity for people to buy properties in the city. Sheikh Umar Farooq Zahoor...