Dubai Real Estate was known to come across as one of the most booming sectors before 2008. This particular industry was buzzing with expatriates, and so also investors were known to be lined up to invest in this area. However, the scenario changed drastically in 2008 after the global financial crisis hit this particular sector. As a result, boon got replaced with a downfall, and eventually, the attractiveness of this particular sector came down considerably. However, all said and done, one good news that is making the rounds of late is nothing but the fact that the Dubai Real Estate industry is now back with a bang. It has successfully managed to step into its earlier victorious position.
Services offered by the real estate sector
In recent times, you can witness the Dubai Real Estate sector offering many lucrative investment options to interested individuals at large. However, since it is a well-known fact that the sector is still recovering, you need to be extremely careful before you go ahead with any investment. Moreover, it is always advisable for you to carry out a considerable amount of homework regarding your part. However, if you were to glance through the statistics of this particular sector, then, in that case, you will come to realize that the density of investment in Dubai has been improving leaps and bounds. As suggested by one real estate agent, when the quarterly index was calculated comparing the first and the second quarter, the prices in Dubai increased by 5% in the latter. This, some experts say, is the reason behind all the foreign investment turning towards Dubai real estate and considering it as a haven for their monies.
Why do you require them?
They are also required to collect the rent every month. In short, they take care of all the affairs regarding your property on your behalf, so you do not have to bother about collecting the rent or paying the bills.
Although a property manager does not come cheap and you have to spare a generous amount of money to hire them, but they look after a lot of your affairs so you can be free of all the hassle. They will also advise you regarding the investment you make and also settle any disputes regarding the property. They will conduct annual inspections to check that everything is in working condition in the building or property. They also negotiate with the tenants and help you get the best rent for your property. A rental property manager in Dubai is completely aware of the market rental rates and has information about other real estate establishments. They will negotiate accordingly with the client and make sure that the rent is paid on time.
Some of the popular areas that tend to form a vital part of the Dubai Real Estate industry of late include Dubai Marina, Downtown Dubai and Jumeirah Lake Towers, to list down a few. All said and done, and we can conclude that even after facing a large array of ups and downs, the Dubai Real Estate sector is now all set to give back a tough fight.