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Real estate expert Walid Al Zarooni said that while women may be interested in real estate investing, hesitation, fear and lack of sufficient funds can deter them from investing.
Al Zarooni said that despite the great success of women in other fields, they have actually moved away from investing in real estate because they have become successful managers, doctors, teachers, engineers and businesswomen.
However, Al Zarooni noted that women often play a pivotal investment role in the real estate market. “A man can’t deny that ‘she’ is the main driving force behind his purchase, and in many cases, whether it’s starting a new family or expanding a house, it’s a woman rather than a man,” he said.
women investing
According to official DLD data, compared with the number of female investors, investment by women will increase by 72% year-on-year in 2021. That year, 17,705 female investors poured more than AED 38.4 billion ($10.45 billion) into 22,165 investment deals.
Al Zarooni stressed that the current investment by women is the result of the great trust built over the years and that investment in Dubai real estate is not limited to Emirati women who control the lion’s share, but also extends to women of other nationalities.
He hopes that women will continue to make ambitious investments and expand their real estate ownership in Dubai, as it is the easiest and most preferred area of investment for many and is not subject to major volatility like the stock market or other assets, so it may is appropriate. Mindset for women who have been looking for a safe haven for investing.
five factors
Meanwhile, a recent ‘W Capital Real Estate Brokerage’ report found five factors driving women to invest in Dubai real estate amid strong activity in the sector and an unprecedented improvement in the investment climate in the UAE.
The head of W Capital said that the positioning of women in real estate investing may not equate to the income they earn, and there are five factors that may encourage them to enter the industry.
more income
Al Zarooni believes that real estate investment is an added advantage, allowing future savings and additional income generation for the family through subletting.
maintain monetary value
Al Zarooni noted that given the high global inflation and volatility in other asset values, investing in real estate is a good opportunity to preserve value, and real estate remains one of the safe havens, especially in Dubai, which is in the midst of an unprecedented recovery.
financial independence
He said every woman seeks to achieve financial independence and prudently expand investments or use their savings to avoid risking more risky and volatile investments.
Investing in the next generation
Al Zarooni explained that buying real estate is a good investment for future generations, and the more attractive the opportunity to take advantage of at the moment, the lower the cost for children to buy property in the future as they seek independence in personal life.
Stable income after retirement
“Real estate investment may be a suitable opportunity to generate a stable income in retirement and increase household income levels in a way that maintains the level of luxury that may exist before retirement,” concluded Al Zarooni. Therefore, real estate investment is the best option and a safe haven for savings. — arab trade news agency
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