As the world worries about Oil prices, stock market turbulence, Russian sanctions & regional conflicts, UAE & its economy will continue to attract investments.
Online PR News – 22-October-2015 – Dubai – Speaking at the propertyfinder Investment Seminar, Safura Abasniya - General Manager at Aston Pearl Real Estate shared her incisive views on the current state of the real estate market, investment opportunities and factors that should be considered while creating an investment strategy to maximize ROI and capital appreciation.
Safura’s opinion on the current property market is very optimistic for both the Investor and end-user market segments. Safura believes that a number of factors have helped enhance the UAE’s property market:
-Firstly, property values in Dubai dropped between 8 to 12% in the first half of 2015 compared to 2014, and that price correction gained back the trust of mature Investors, offering higher yields as rents did not decrease as much.
-Mortgage Interest rates have declined which has opened up affordable home planning opportunities for expatriates.
-The law regarding property ownership by expatriates is now well drafted and trusted within UAE, and is evolving.
-Increased influx of capital and people into the UAE has improved Dubai’s status as a regional safe haven.
-UAE’s population continues to rise; with more than 400,000 job permits issued in first 2 quarters of this year; this means housing is needed.
Speaking on Investment opportunities, and areas with maximum possible growth and returns Safura said that being in direct and constant interaction with local and foreign Investors, we can say that UAE is a healthy environment for long and short term Investments. As the world worries about Oil prices, Stock market turbulence, Russian sanctions and regional conflicts, the stability seen in UAE and its diversified economy will continue to attract investments. This continued vision for diversification of the UAE’s economy, strong population, and tourism and retail growth will continue to see Dubai as the leading hub of commerce in the MENA region.
With increased stability, systemized transactions and enhanced regulation in the real estate market, many will see the opportunity to move their capital into real estate, especially into the more emerging locations which are receiving healthy rental yields and capital growth
Speaking about Dubai’s vision and future Infrastructure plan Safura mentioned a quote from His Highness Sheikh Mohammed Bin Rashid Al Maktoum “The future does not wait for those who hesitate”
Since 1950, Dubai’s population grew about 100 times from a small town of 20,000 inhabitants to 1.9 million in 2010, and today Dubai population has reached 2.4 mill and is growing.
Speaking of Vision and Infrastructure we can judge by signature projects that have been built already but there are much more that are yet to come. Most of these phenomenal new attractions are set for completion when Dubai will host Expo 2020. “Yet I would like to mention that the urban infrastructure planning and POST Expo 2020 plan covers the transformation of Expo targeted locations into Urban friendly destinations by promoting sustainable and well integrated land-use planning” added Safura.
Safura’s opinion about market trends and forecast is optimistic looking at the economic growth of the country. Talking about this topic she said “When you invest in real estate, you do invest in an economy, and forecasts such as a Banker magazine predict Dubai’s economy to grow from 4% to 5% between now and 2020.
The report released by the Oxford Business Group says: Dubai 2015 claimed that the capital markets, transport, real estate and retail sectors will attract major investments to drive emirate’s next phase of growth. So the strong economic growth, low interest rates and competitive ROI`s in Real Estate is attracting investors from the region and around the world.
Dubai features among the top 10 fastest growing premium property markets in the world. Since we won the bid to host the World Expo 2020, analysts have said that investments in the city are secure and expect to attract international investors”
Safura summarized the trends and forecast by saying that “we can analyze and Predict, but would be best to judge upon “Where we have been and Where we are now, and that will show you where we are going.
Safura Abasniya, General Manager at Aston Pearl Real Estate holds an extensive and an intensive experience in the real estate market and is regarded as an industry expert both in Dubai and Abu Dhabi.
Her unrivalled knowledge and experience in real estate, investments and management has helped local and foreign Investors along with individual home owners to realise that UAE is a very lucrative and healthy environment for both long and short term investments and opportunities. Safura`s Real Estate experience and her highly ethical approach to business and cultivating relationships with the clients and Aston Pearl's team continuously inspires the beginners as well as the experts in this competitive market.
She clearly proves the fact that the key to success is to earn and sustain the TRUST and LOYALTY of our existing and future clients.