The real estate expert, Chairman of the Board of Directors of "W Real Estate Brokerage Company", Walid Al Zarouni, identified 10 positive factors that cause optimism in the real estate sector in Dubai during the year 2020.
Al-Zarouni said that the optimism 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. He added that the other factors are the anticipated momentum accompanying the organization of the Expo 2020 Dubai, which would enhance the demand for real estate and raise confidence in the business of real estate investors, in addition to the facilitating conditions for purchasing real estate and the facilities provided by the developers.
Al-Zarouni pointed out to the fourth factor represented in the impact 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 the positive expectations of recent studies and reports issued by government agencies or private research centers with the real estate sector achieving its recovery in its growth indicators.
The seventh factor comes in light of the great potential provided by the real estate market in the UAE 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, and tax benefits, without the complications and costs involved in direct ownership of the property, indicating what Dubai owns It has huge qualifications that help it quickly recover from high quality infrastructure, logistical services, and advanced transportation and transportation network. Al-Zarouni mentioned the population growth factor in the Emirates, which is among the highest in the world, noting that the 10 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.