The Rise of the Dubai Real Estate Market – News

Range International Property Investment founder Nitin Chopra shares his views on the growing investment demand in Dubai’s real estate market

Since 2017, Nitin Chopra has come a long way in establishing Dubai-based RANGE International Property Investments as a leader in the real estate brokerage space. Today, RANGE and its team of more than 100 employees have over 20 years of collective experience and a solid understanding of the UAE market, but also the expertise to incorporate it into its exclusive global portfolio. For Chopra, RANGE is not just a brokerage firm, but a community where every agent in the firm is a local who understands and is able to amplify the needs of its clients. So whether you’re looking to buy, sell or lease a property, RANGE’s team of professionals will be with you every step of the way.

Edited excerpts from interviews

What are the pros and cons of upgrading a real estate services module in Dubai?

Over the past three decades, Dubai’s real estate market has grown and continues to grow as the emirate has emerged as a major international hub. With quality and experienced players in the field, and the latest technology available, upgrading services doesn’t have many challenges, whether the focus is on buying, selling or leasing. We have well-informed professionals on the team at RANGE who have a solid grasp of the market, which allows us to keep up with trends and helps us in our efforts to improve our services. So, I don’t really see any cons, only pros.

With the implementation of Dubai’s new real estate law, what are your predictions for the Dubai real estate market?

New laws aimed at boosting investment in the real estate market will be a catalyst for the industry. As the impact of Covid-19 begins to wane, demand for residential properties has picked up and interest from global investors has increased. Therefore, the introduction of the new law will also promote the growth of real estate investment funds, which is expected to bring a win-win situation to the real estate in Dubai.

If you think there is one aspect of the housing market missing that can make a difference, what would it be?

I don’t think the real estate market lacks anything, but what I would like to see is an increasing adoption of technology globally. This is already happening in Dubai, the possibilities for India are endless. It’s exciting to think of the potentially transformative role that technology can play in India’s real estate sector – in fact, it is already playing a role. Because, smart technology helps at every step, from the seller acquiring the property to the buyer who buys the property. It provides a seamless experience with zero inconvenience.

What makes you different from other players in the market?

We only select the best professionals to represent us, who have a deep understanding of not only the local market but also international real estate trends. Members of our team are aligned with our vision and work hard to meet our customers’ requirements. Also, because the approach we take is so detailed, and because we are unique in the brokerage space – not necessarily the products we offer, but the quality and range of our products – people choose us over others. Therefore, we will do our best to provide them with the best service we can. Because ultimately, our goal is to provide a one-stop solution for anyone who wants to invest in real estate in Dubai.

What is your vision for Range and do you plan to expand?

Since the beginning of our journey in 2017, our growth has been extraordinary – for example, last year’s sales revenue reached AED 1.5 billion. As the housing market picks up after Covid-19, we hope we can maintain this momentum. As for expansion plans, Range will continue to build on our presence in the UAE, Europe, India, Pakistan and parts of Asia, and will gradually look to expand in other countries and continents, and our in-house mortgage team will also be added to the expansion plan.