Real Estate Amid Lockdown

Published: 2020-07-16 | By: Neha Sharma

Real Estate Amid Lockdown - Stones International Blog

Seasoned investors, first-time home buyers and all those interested in leasing their properties are somehow uncertain these days because of their fear of the unknown. With the current scenario in the global market, being more careful while analyzing any sort of investment is understood.

We all have already learned to live with the new reality - and real estate too, could not escape from this adaptation. Though safety is the priority right now, so is our living space. With an increased need to stay home and trending Work from Home businesses, it is undeniably realized that having one's own perfect place is truly essential.

Over the last few weeks, recent transactional data shows that almost 50% of the buyers in the UAE real estate market are non-residents. Many more potential buyers are actually planning to invest for the long-term, based on the numerous benefits it provides to them. The increased traffic of people researching the market can actually be noticed by various data analysis like PropertyFinder, to name among few.

Unlike others, the Dubai real estate is currently being seen on an upward swing, with Mortgage lenders having the most positive spirits. Stimulus packages announced by CBUAE, ensure that the houses are affordably priced without involving any risks.

There is an inherent growth in the market from Q4 of 2019 to about 2%. As the businesses encounter phase of readjustments during the pandemic circumstances, administering even this much growth is absolutely a positive sign for the investors in Dubai real estate.

Properties in newly developed and still developing residential areas in Dubai have come up with quite attractive offers such as more affordable, flexible payment plans, fee waivers, etc.

Sellers too are re-evaluating how they approach their sales. The marketing intelligence has given investors - both sellers as well as buyers - the grip and active role in their transactions. This has given them an opportunity to relax and be more comfortable with the significance of manipulating negotiations in these transactions. With the support of real estate companies in Dubai, marketing and sales experts, the transactions have always been, and, still continue to improve and heighten to a different level, ultimately leading to success.

During the lockdown period, investors have ample time to dive deep into the market and research for more and more valuable information that can help in an even better understanding of the market.

And we at Stones International, are here to help you in property management or real estate transactions. We are fervently assisting all our clients and never cease in meeting their expectations while working for their requirements.

You can call or email us anytime for assistance at 800STONE or info@stonesinternational.ae, respectively.

Source
https://www.khaleejtimes.com/legal-view/property/housing-in-lockdown-buying-and-selling-property-during-covid-19

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