UAE has always been very welcoming to people looking for
opportunities in their careers or Business. Easy Business setup procedures and
lot of job openings turned UAE to a most preferred destination for people
looking for greener pastures. After Dubai Real Estate boom started many
investors eyed this property market for lucrative returns. Dubai had a number
of projects to offer for investors depending on how much the investor would
like to invest. Dubai also has its place as a world class tourist destination
for the unique projects it has, this is also a big reason to attract investors
from around the world.
The real estate market slowed down after the Global
recession in late 2008 and property prices dropped to an all-time low, but
sooner after mutual efforts from the government and developers the markets
started rising and started to show upward trend. Sale and rental prices started
to grow and after Dubai won the bid for hosting the EXPO 2020 there was a
positive effect on Dubai Real Estate market. Investors regained their lost confidence
and are now more positive to make good profits from this lucrative market.
Growing population and high demand of residential projects are the positive
signs investors can base their decisions on.
There are a number of residential projects for investors
which can turn out to be very fruitful and can yield high returns in less time,
However where and how much to invest needs to be worked upon based on
statistics and knowledge. It’s always a good option to hire Dubai Real Estate
agents to help decide which project to select for investment as the agents have
complete knowledge of market trends. There are a few things to consider before
selecting the agent, the important things to check are:
- If the agent has a RERA registration
- Number of years the agent has been in the market
- If the agent has a proper office to operate
- Reputation of the agent
You can also ask the agent to provide you with contact
numbers of some of the clients the agent has served and take feedback from them
about the knowledge and the level of expertise the agent has.
