The real estate expert, Chairman of the Board of Directors of “W Capital Real Estate Brokerage Company,” identified Walid Al-Zarouni, 10 positive factors that call for optimism in the real estate sector in Dubai during the year 2020, and will open the way for a new stage of growth, and establish a promising reality in the sector, which is one of the largest and most important Driving sectors of the Dubai economy.
Al-Zarouni said that the optimistic outlook for the current year is based on concrete factors and facts, and not just hopes and morale, and is represented in the issuance of the document "January 4, 2020" announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which contributed Significantly generating optimism and renewing energies, and enhancing confidence in all economic sectors, including the real estate sector.
Al-Zarouni added that the other factors are the anticipated momentum accompanying the organization of the "Expo 2020 Dubai" international exhibition, which will enhance the demand for real estate and raise confidence in the business of real estate investors, in addition to the facilitating conditions for buying real estate and the facilities provided by the developers, which will help attract new residents to The country during the coming period, in addition to the current focus on offering competitive offers, through easy payment plans.
Al-Zarouni pointed to a fourth factor, which is the effect of a number of real estate laws, legislations, regulations and incentives for the real estate sector issued over the past two years, in addition to launching new real estate projects in Dubai.
He pointed out that the sixth factor is represented by recent studies and reports issued by government agencies or from private research centers, from positive expectations that the real estate sector will achieve its recovery in its growth indicators, with a state of optimism on a large scale with the start of the countdown to host the "Expo".
As for the seventh factor, it comes in light of the great potential provided by the real estate market in the Emirates in general, and Dubai in particular, of great potentials to attract more local and foreign investments while providing liquid and flexible investments in real estate, with tax benefits, and without the complications and transaction costs involved in the direct ownership of the property, pointing to Likewise, the huge qualifications Dubai possesses help it to quickly recover its strength, from high quality infrastructure and logistical services, and an advanced transportation and transportation network.
Al-Zarouni mentioned the population growth factor in the Emirates, which is among the highest in the world, stressing that the 10th factor is the most important, and that the emirate has many attractive reasons for quality living and good investment, foremost of which is security, safety and stability thanks to the availability of security services with international standards.