Real estate agents told «Emirates Today» that the real estate is considered one of the most important investment assets that investors are considering in times when global and local economies are going through a difficult period such as the “Covid 19” pandemic, noting that investment in the real estate sector is long-term.
They emphasized that the real estate sector is considered the safest haven for holding funds, and investment in real estate, whether ready or under construction, or lands, has proven successful and effective in conserving and recovering funds in a profitable and rewarding manner.
They pointed out that Dubai is a global model in the real estate field in terms of the quality of the legislative and legal structure and procedures related to the transfer of property rights, at a time when the real estate sector in the emirate proved its vitality during a crisis such as "Corona".
Long term investment
In detail, the real estate expert, Dr. Raad Ramadan, emphasized that there is no failed real estate investment, explaining that the investment in the real estate sector has the advantage of being long-term, as the need for a home, office or commercial store does not end or is limited to a specific time period, which makes buying the property guaranteed The return on investment at all times. He added that the matter is related to the type of investment itself, as housing is an indispensable need, which gives the real estate sector an additional advantage over other investment tools, such as gold, for example, which can be dispensed with.
Ramadan emphasized that the orientation towards investing in ready or "under construction" real estate is beneficial, given that the value of the investment increases with the passage of time, pointing out that there are many buildings whose prices were very low at construction, and over time they became offered at twice the price, which often applies On all Dubai properties.
Ramadan stressed that investing in real estate is one of the most profitable types of investments, and one of the most common economic activities among people.
He said that Dubai is a global model in the real estate field in terms of the quality of the legislative and legal structure and procedures related to the transfer of property rights, and related to fees for housing units, pointing out that the real estate sector has become more powerful.
Investment funds
In the same context, the CEO of Harbor Real Estate, Muhannad Al-Wadi, said that real estate is one of the investments with sustainable investment returns in the long run.
He added that the real estate is considered one of the most important investment assets that investors are considering at this time when global and local economies are going through a difficult period. Besides gold and other financial instruments such as bonds, the property can come in an early arrangement in the investor’s schedule, with its ability to achieve returns. Current rentals and growing capital returns in the long run, therefore it is considered one of the best income-generating assets that contribute to wealth development and material independence.
And the valley continued: «Real estate investment is not related to direct investment through purchase only, so investing in real estate investment funds is one of the financial investment tools related to the real estate, and it is considered one of the most important investments currently, as the real estate assets owned by the fund in real estate projects generate income through renting, selling and financing The property, and distribute it directly to the shareholders participating in the real estate fund.
The valley stressed that Dubai is one of the most important cities in the world for investment in the real estate sector, due to the nature of this type of investment linked to security and economic stability. He added: "The real estate sector in Dubai has proven during a crisis such as (Corona), that it is a vital sector, as real estate behaviors in the emirate still give us figures on the sector's sales in a way that reflects the pace of work in the sector continues and well."
Safe haven
In the same context, the general manager of Tilal Real Estate Company, Khalifa Al-Shaibani, said: “Many people may think that the current time is not suitable for investment, due to the current and sensitive conditions imposed by the pandemic repercussions (Covid-19) that overshadowed the vital economic aspects of All over the world, however, this thinking should exclude investment in the real estate sector, because it is the safest haven for keeping money. ”
He pointed out that investing in real estate, whether ready or under construction, or lands, has proven successful and effective in keeping and recovering money in a profitable and rewarding manner, as this type of investment is safer and less risky, if there is no financial return after a period of This investment, as it is in the worst assumptions, retains its original value, regardless of how many years have passed since it, in contrast to what is happening in the stock market, or currencies, or oil.
He pointed out that within the real estate investment itself is several sectors, such as investment in ready-made real estate, and investment in land, which is considered the best.
The real estate sector is the safest haven for holding money and investing in it for the long term.
Al Zarouni: Currently, it is among the best to buy real estate
The CEO of W Capital Real Estate Brokerage, Walid Al Zarouni, said that the property is a safe store of value against financial and economic fluctuations, an ideal way to preserve and develop capital in the long run, and the best investment currently to maintain savings, in addition to that it represents an opportunity to find additional income , In addition to the original income of a large segment of society, as it is considered a type of secured and fixed investment, because it is linked to mostly fixed assets, which are difficult to dissipate.
He added, "Buying real estate is one of the most profitable types of investments, while Dubai is considered one of the most important areas for real estate investment, as real estate investment destinations topped the Middle East, due to high returns and flexible real estate legislation."
Al-Zarouni warned that choosing the right time to buy the property is one of the important things that allows the buyer to obtain an ideal deal at an excellent price in a better place and an appropriate area, pointing out that the current time is one of the best times to buy the property, given the package of facilities associated with buying the property, whether it is by the government Or by the real estate developer.