Out of the box

Real estate letters for 2021 (2)

Ismail Al Hammadi

January 12, 2021

We are witnessing encouraging signs of recovery at the level of the real estate sector in the Emirate of Dubai, by reviewing the data on real estate transactions issued for the first week of the current year, which exceeded 4.3 billion dirhams, which is a stimulating value and promises good performance.

In light of this, we continue with you to continue the topic of last week, and the group of real estate messages that we hope will once again find their way to those concerned.

Dear real estate consultant, you are carrying on your shoulders the burdens of a profession that may raise you high, increase your status, or fall to the ground so that no one hears you, do not forget that the profession of real estate consultancy is not like any profession, and everyone who has entrusted him with himself to be a real estate consultant is not entitled to become so. Unless he is familiar with its conditions and standards for its practice, the profession of real estate consultancy revolves around giving general and comprehensive information about the property and the area in which it is located, and the current and future market conditions to develop a clear investment strategy, taking into account the investor's wishes, and this is done by a person who specializes in the field. Fully aware of the sector and the real estate market, possesses the analysis and development skills to produce feasible studies.

My brother, the real estate advisor, I mean that you are an important element in the real estate development and investment equation, you have to be familiar with the latest developments in the real estate investment market, and able to analyze the field, market and competition for investment, and analyze the suitability of the investment to the aspirations and desires of the investor, and be able to develop the idea of ​​investment and the concept of development, so that you can then From developing a comprehensive study of potential risks, and a clear investment strategy.

To the authorities concerned with making regulatory decisions for the market, dialogue with developers and real estate companies should be intensified, listening to them and taking their suggestions into consideration, as this matter may contribute to finding a single solution that will fill all the gaps that the real estate sector suffers from, instead of offering 10 solutions that fill a gap, In return, two new loopholes open.

Taking the opinions of the professionals of the profession by organizing periodic meetings for the leaders of the real estate sector, who include various segments of the sector, whether they are developers, residents, or brokers with expertise and banks, as through these meetings discuss the problems of the sector and suggest appropriate solutions to them, each according to his field and his view of the solution Then, these solutions were studied by a committee specialized in highly experienced competencies, and reformulated in the form of initiatives, laws and regulations that contribute to strengthening the level of sector regulation, and balancing the equation between what the sector needs to continue to grow, and what those parties need to continue the activity.

Regular meetings with parties in the field have always been one of the best solutions to put points on the letters for the proposed effective solutions, and those parties should initiate and develop a clear-cut action plan with major real estate companies, to define areas for the sale of land and determine construction periods in line with the offer plan for the Dubai market, to ensure The revival of the land market in the emirate, and maintaining the pace of real prices according to their areas of existence.

To read the previous articles of the writer please click on its name . 

Discussions with developers and real estate companies should be intensified, and their suggestions taken into consideration.