Real estate expert, head of the «W Capital» Real Estate Brokerage Company, Walid Al Zarouni, identified 10 main factors leading the real estate sector in the country to recovery in the wake of the end of the crisis of the spread of the Corona virus emerging epidemic (Covid-19) globally, and it includes: an increase in investor appetite, changing patterns Work, reduce fees, promotions, attractive prices, great partnerships, postponement of "Expo", lease-to-own ownership, new blood, and awareness raising.

Al-Zarouni said: “The appetite of real estate investors is expected to increase dramatically, in light of the decline in prices and offers, which contributes to generating more interest in the real estate market by investors and residents alike, as well as changing work patterns, whereby the (work) method will become From a distance) is an essential part of doing business in the post-corona world in general, while real estate companies continue to benefit from the lessons they have learned from this method, to improve the efficiency of their business, reduce their costs, reduce the costs of renting offices and travel, and hold events and events ».

The real estate sector has received a special priority within the recent government incentives aimed at providing all the necessary ingredients and the necessary guarantees to maintain economic and social stability, which gives it a continuity in activity, and therefore many of the fees that burden the real estate investor will disappear, or have already disappeared.

The market will also witness a race between companies and developers, to attract buyers to the market again, through attractive promotional offers, and it is expected that this will be a major attraction for various types of real estate, whether residential, commercial, hotel or administrative.

Al-Zarouni added, “The challenges posed by (Corona) will push companies to enter into large partnerships between developers, the private sector and the government, to finance the property in an affordable manner with a salary guarantee. The postponement of the Expo 2020 Dubai to 2021 will open new horizons for companies to complete their planned projects for the current and next years. ”

He pointed out that real estate companies are witnessing a demand for rental properties ending in ownership, which provides greater options for regions and price range, and that after the end of the Corona crisis, employees will be required to develop and diversify their skills, which helps in pumping new blood into the sector, as well as a crisis Corona has contributed to increasing investor awareness towards investment in real estate as a store of value and money conservation, an additional source of income, and an ideal way to preserve and grow capital.

Race among developers to attract buyers, with attractive promotions.