What else may the investors wait for to buy a property in Dubai? Expert asks

  • Date: 12-Jun-2021
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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What else may the investors wait for to buy a property in Dubai? Expert asks

Expert, Walid Al Zarooni, noted the unprecedented robust investing response in the , and the record turnout local and foreign investors take out. Most of the real estate developers in the emirate hanged a "sold out“ sign, showing that their offered units were completely sold out. Walid Al Zarooni, "W Capital" Chairman, said that the real estate market is currently going through a period of strong recovery thanks to several factors, most notably the recovery from the repercussions of the "Covid-19" pandemic and the acceleration of vaccination campaigns compared to the best global levels. Government initiatives for foreign ownership of projects and granting citizenship and golden residency to talents, also gave the sector an uplift. "In light of this unprecedented boom and sales activity for ready-made and off-plan residential projects, the looming question is:What else may the investors be looking for to inject their money in the real estate market?“ asked Al-Zarooni. "The market is full of attractive opportunities and attractive price offers," he added. The Chairman said that hesitation at the present time does not do as it may waste attractive investment opportunities. Delaying the purchase decision is never in the interest of the investor because he may not