A specialized team to evaluate regions and investment projects annually

Ismail Al Hammadi

December 21, 2022

The end of a year and on the verge of a new real estate year, most of its features and trends are clear based on the reality of the current year, and according to what market activists see and expect, based on current market data, and based on extensive studies of the sector, most of which were limited to areas recording more demand, and price trends that will witness an increase.

But what about areas where supply is abundant and demand is low?

We rarely see market studies that shed light on these areas, find out why they fail to attract investors, and propose appropriate solutions.

This point is absent from the local real estate sector, and if it really exists, no one knows anything about it.

The hidden aspect of real estate sector studies is the evaluation of investment areas, reclassification of them according to the conditions that support them, proposing hypotheses that enhance demand for them, and directing some of them towards a path compatible with market growth.

As we are on the verge of the last days of 2022, it is very necessary to have a specialized team for the annual evaluation of investment areas, specialized in reviewing the achievements of the previous months, examining the areas in which demand is high or low, as well as classifying real estate projects that have succeeded, and those that have not. Achieved success, knowing the gaps that affected the market and the factors that contributed to the deterioration of the performance of the regions and projects that suffer from a lack of demand, and reviewing the prices of the main and secondary regions, to come up with new data, in the light of which the outputs are developed, and to formulate effective solutions, to advance the investment regions and projects that have been reviewed. turnout, in addition to adjusting the performance of the secondary market.

As for the results reached by this team, it will serve as an action plan for the new real estate year, in the light of which innovative solutions will be developed to stimulate investors, attract buyers to areas where demand has decreased, and address the factors causing this. The same applies to real estate projects that have not achieved success. Big, so to speak.

At this point, this team may have a role in determining the types of projects that are allowed to be launched and those that are prevented from being launched due to their lack of success, in order to avoid flooding the market with unwanted products that do not add anything to the sector.

From a special point of view, this committee may have an effective role, and will greatly contribute to supporting the real estate sector file within the "Dubai Urban Plan 2040", which includes developing an integrated strategy for the real estate sector in the emirate until 2040, and its strategy file that aims at sustainability and growth, and achieving balance in Supply and demand, as well as dealing in advance with opportunities and variables to enhance investor confidence in the sector, and will also have a role in the twenty-minute city file, which is included in the plan.

Establishing a specialized work team to evaluate investment areas and projects annually, which will have a major role in helping to develop clear outputs for the real estate sector, for a new year.

@ismailalhammadi

Ismail.alhammadi@alruwad.ae

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