Real estate culture

Waleed Al Zarouni

November 21, 2022

With the emergence of the economic importance of the real estate investment sector in the UAE in general, and the Emirate of Dubai in particular, the sector always requires continuous striving to maintain this continuous momentum, whether through government initiatives or the activity of the private sector and institutions operating in the sector.

In this article, I talk about achieving integration through an important pillar, represented by enabling tools to activate the real estate culture among citizens and residents within the country, especially since real estate investment is one of the list of long-term investments, which is one of the most important and best types of investments in general.

In order to achieve this, it is necessary to launch procedures, including calling for the organization of seminars and cultural courses that focus in their work on the real estate sector and the importance of investing in it.

Here, I suggest focusing on awareness and educational workshops in secondary schools and youth sectors, in a way that contributes to raising awareness and education, and creating job opportunities in the sector, through which real estate will be introduced, and how it is a safe haven and a good future for work and investment at the same time.

And I affirm that these courses will ensure the production of a new generation of real estate agents who are aware of the sector’s ability to make a difference in their lives, whether knowing how to buy a property for housing or investing and winning the best deal available in the market according to the available financial ability, and on the other hand, attracting citizens to work in the real estate sector, Rates ranging between 15 and 20% in the future, which relieves pressure on employment in other sectors, and the government sector in particular.

I also suggest that plans be drawn up led by government agencies based on the education sector in the UAE, in cooperation with specialized private sector institutions to organize these courses and seminars. It can also be suggested that an interesting and basic real estate topic be developed in the curricula for students, from the early stages of education, then the intermediate stages. And secondary, for the child to relate from an early age to real estate as a job and a potential investment in the future.

In this way, we provide additional demand for real estate, and ensure a generation educated on real estate market controls, and the procedures and controls used to ensure a successful real estate investment, in addition to raising “ignorance” among high school students about what the real estate sector is.

It is important for the real estate investor to take into account that learning and self-education about real estate is full of challenges for a beginner who lacks real estate investment experience, so active real estate investors attribute part of their success to others, and to everyone who contributed to the success of the real estate investment experience.

From this standpoint, there may be an important role for real estate developers, and the most prominent real estate brokerage companies in the country, to allocate knowledgeable cadres to manage these seminars and awareness courses in schools and universities, under government supervision.

Real estate investment is on the list of long-term investments, which is one of the most important and best types of investments in general.

Chairman of the Board of Directors of “W Capital Real Estate Brokerage Company”

@WalidAlzarooni

walid.alzarooni@gmail.com 

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