[ad_1]
Leading industry developers predict that the real estate market will recover steadily, and resilient investors, brokers and home buyers have shown strong interest in this.
The Cityscape Global live exhibition at the Dubai Expo 2020 site from November 9 to 11, 2021 at the Dubai Exhibition Centre (DEC) will showcase top development companies, including DAMAC Properties and Azizi Developments.
Niall McLoughlin, senior vice president of DAMAC Properties, believes that the recovery we are currently seeing in the real estate market will continue in the coming months.
“In the medium term, a buyer’s market will continue to exist because competitive prices and payment plans will continue to attract customers. With more and more people moving into villas recently, developers are working hard to make community life as attractive as possible , To provide residents with countless conveniences.”
The pandemic attaches great importance to larger living spaces and the inclusion of high-end facilities. As the world has adapted to the semi-permanent work-from-home system, developers are eager to start building new properties with larger living space to meet the needs of potential investors and organizations.
McLoughlin said: “At DAMAC, we believe that the current shift to working from home is a sign of our time. We have seen this move permanently adopted by global entities, especially when planning future real estate exhibitions, as Cityscape Global did this year. A hybrid model approach. As developers, we welcome change with open arms and strive to expand our product portfolio and innovation.”
“According to CBRE’s data, approximately 19,056 new units were launched in 2021, which is the lowest level since 2012. One of our main goals in participating in Cityscape is to strengthen our relationship with our existing customer base and Continue to develop our many units.”
In order to promote their integration into the rapidly digitizing real estate industry, DAMAC has modernized its DAMAC Living App so that residents and homeowners can use every process related to the home with the touch of a button, thereby eliminating the need to physically visit the office. Required for work.
“The pandemic has allowed us to re-examine how to improve our digital business. We are expanding our IT team to fit our vision of becoming a technology leader in the real estate industry. We have not only implemented virtual home visits, but are also exploring other aspects of virtual reality. Field to improve the home buying experience.”
Similarly, Farhad Azizi, CEO of Dubai’s award-winning developer Azizi Developments, also expressed DAMAC’s view of enhancing the buyer experience by improving living spaces.
“We have announced the addition of new facilities on the Riviera, our flagship community, including a 3.2-kilometer track and bike path that winds through the entire community, numerous basketball and tennis courts, playgrounds, and the entire community. Lots of parks and green spaces. We want to ensure that this development meets and exceeds the expectations of all our stakeholders. We are here not just to build buildings; we want to enrich the way of life for future generations.”
Leading developers are confident of the influx of buyers in the region, especially their luxury development projects in Dubai.
“We are very confident that by 2023, the remaining 20% of unsold units will be sold, which is consistent with the UAE’s vision of building iconic luxury properties in 2021-considering their location, pricing, scale, and convenience Facilities and lifestyles vary greatly. We plan to seek very feasible and profitable opportunities to convert some of our properties into hotel units. Due to the 2020 World Expo, there is a high demand for this. We are already working with hotel suppliers Negotiations to explore such options and are considering leasing and other income-generating assets to promote our growth and profitability.”
“Although the exhibition lasted only six months, ten years after the so-called “Expo Effect”, the World Expo has maintained its traditional positive influence on the host country’s economy and real estate market. We have seen the previous hosting in Milan and Shanghai The city has experienced house price increases after the incident. With the UAE’s rapid response to the Covid-19 pandemic, international investors can witness the market’s resilience firsthand. In the past two quarters, Azizi has received significant feedback from European investors With the increased demand, sales to nationals from the European continent soared by nearly 40%.”
According to Luxhabitat Sotheby’s data, the value of transactions in the luxury residential industry in the first quarter of 2021 increased by 25% from the previous year. The brokerage pointed out that housing sales rebounded in the second quarter of 2021, with the total transaction volume in Dubai’s domestic market exceeding AED 16.7 billion, compared with AED 5 billion in the same period last year.
Chris Speller, Cityscape Group Director, said: “In terms of future trends, Expo 2020 will open up a new focus for investors in areas near the Expo site. Although property occupancy rates are still low, the expansion of Maktoum Airport expects this. The region’s tourism industry will increase sharply. With the upgrade of infrastructure, including new subway lines, more commercial and residential spaces-the region is growing rapidly. A large influx of tourists from Dubai working from home is expected. The number will increase steadily.”
On-site and face-to-face activities will be conducted in accordance with Informa AllSecure, Has improved health and safety standards, and improved the standards of safe, hygienic, efficient and high-quality organized activity experience. The summit was held in 7day And 8day November.
Register with Cityscape Global for live and face-to-face summits and exhibitions starting from 9 o’clockday-11day At DEC in November, it is now open. For more information, please visit: www.cityscapeglobal.com
[ad_2]
Source link