Hussain Sajwani is one of the prominent real estate investors in Dubai, UAE. Every now and then, he does offer some insight about the Dubai real estate sector. He also keeps track of the findings by JLL, a company that publishes reports about the Global Real Estate Transparency Index. In the latest publication by JLL, the Dubai Real Estate Sector had improved progressively by moving eight positions up within the global rankings. Hussain Sajwani was happy since this was good news for the Dubai Real Estate industry. Since the early 2000s, the Dubai real estate sector has been incurring some significant growth thanks to investors such as Hussain Sajwani. Such investors have played a major role in making sure that the Dubai Real Estate Sector has evolved into what it is today.
At the moment, the real estate industry in Dubai offers a high return on investment (ROI). Although the industry has incurred multiple ups and downs such as the 2008 market crash, the industry recuperated and Hussain Sajwani and his counterparts are working towards creating more opportunities. The recent trends that are present in the Dubai real estate sector showcases the utmost dedication that has been brought forth by entrepreneurs such as Hussain Sajwani.
The statistics from the Dubai Land Department showcase that more than 14,000 properties were registered as new additions in Dubai during the first eight months of 2018. Although these are many homes, experts believe that more properties need to be developed to accommodate the Dubai population that is growing rapidly. Foreign investors are also encouraged to invest in Dubai and the following factors may appear as enticing to global investors:
Leaders Lead the Way
The UAE government has pledged its support to the investors in Dubai by coming up with initiatives such as allowing foreigners to own businesses within the country. Investors will also be provided with long-term visas thus attracting investors to also become homeowners within the country. The presence of such initiatives is bound to attract a multitude of investors across the globe.
The technology Impetus
Dubai is endorsing the use of technology rapidly through the formation of global innovation hubs. The use of technology will soon bring about some positive effects to the Dubai Real Estate sector. The Dubai Land Department will make use of technology to ensure that there will be Real Estate Self Transaction (REST). The platform will enable people to interact globally without the need for paper documentation.