"Real estate advice is a responsibility, and it must be devoid of personal interest." The real estate expert, founder and CEO of Al Rowad Real Estate Company, Ismail Ibrahim Al Hammadi, spoke to Emirates Today, saying that the advice is a trust, Experience.
Al-Hammadi added that he has a lot of credit as a resident and real estate consultant, but he did not give real estate advice to the public except that it was devoid of personal interest, stressing that no person working in the real estate sector can give real estate advice to projects working on sales and marketing.
He pointed out that there are problems in giving advice in the real estate market, as it can cause false or unreal information, a major problem in the market, and called for tightening control on the circulation of consultations and advice and information on the sector.
Way of life
He pointed out that the words "no place for an impossible word" for His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, are words that are weighed by gold and considered a way of life for him. Failure is followed by success, and no failure continues with the attempt. "
Al-Hammadi said: "Stop means to retreat. A person must move continuously. After graduating from the UAE University with a bachelor's degree in public relations, she moved to more than one government job. She worked as a commercial license inspector at Dubai's Department of Economic Development. (Dubai Healthcare City), then (Dubai Industrial City) and then as Executive Director of Business Development at TECOM Investments. This was the starting point in breaking into real estate.
Gain experience
"The time I spent in these positions and other positions earned me enough experience, which encouraged me to establish a real estate company under the name of Pioneers following the UAE's leadership in all fields. The company oversees two billion dirham projects in the UAE real estate market, With my goal of not mixing papers, I established another consulting firm, Biznet Consulting, to provide advice to those who want them professionally in the fields of management, media and development of real estate projects.
Al-Hammadi added: "We learned at the Dubai Government School that the investor is a partner in decision-making, and that those in charge in the emirate always associate the investor in the previous discussion with any decision and even after the decision. The investor is a partner for success in Dubai, which makes it a destination for investments from all countries of the world ».
Business growth
He stressed the continued growth in the volume of business in Dubai, citing the continuous demand for land and real estate projects, expansion in trade volumes, growth in the number of new companies and a rise in the work of the old companies, referring to the package of facilities and economic incentives approved by the government to support the investment environment and maintain the competitiveness of the economy.
He pointed out that there are price corrections in the real estate market, but it has its reasons, most notably the move by investors to move to new projects made available by developers through new projects and quality meets the target by them and by categories, and these projects include housing medium and luxurious, A wide variety of real estate products have created a new lifestyle.
He pointed out that it is important real estate advice that the purchase should be based on the price of the foot and not on what is promoted by the developer of the real estate price of the whole unit, the purchase must be based on the total area divided by the price of the foot.
Rental yield
The real estate expert, founder and CEO of Al Rowad Real Estate Company, Ismail Ibrahim Al Hammadi, stressed the importance of awareness when buying any property, which is the advice we offer to anyone who wants to invest in real estate. There is an equation in the real estate market that every investor should realize. The property must be linked to the rental income expected from it less service charges. For example, if the property price is one million dirham, the rental income after service fees should not be less than 70,000 dirhams annually, equivalent to 7% of the value of the property. Which is the good return on investment in real estate in Dubai.