Dubai’s real estate market on solid growth track

Jamil Khan, Senior Reporter

As Expo 2020 approaches, a number of real estate predicts that short-term Expo visits could turn into long-term residencies, which will also give a further boost to the property market in Dubai. Earlier in 2019, Dubai’s real estate market saw increasing interest from investors and owner-occupiers in purchasing properties – a factor that helps lift markets from the bottom – with November 2019 marking one of the strongest months in the past decade.

Investors are displaying interest in purchasing Dubai’s properties, with off-plan registrations representing more than 60 per cent, and brokerage firms have played a crucial role in this regard.

Ahmed Hussein, Chairman of Lavista Real Estate, was an influential part of the wave working exclusively with Emaar and setting Lavista as a ‘platinum broker’ for the prominent Emarati developer. Lavista has set itself as a market leader during 2019, growing into a multimillion dollar company with an impressive portfolio of prestigious clients in the Saudi and Gulf markets.

Hussein urges the market to put in tremendous efforts towards upgrading the role of the broker since international investors have proven to be keen on securing the best opportunities. As incentives and transactions vary from firm to another, the broker should be seen more as an adviser and assist investors with his independent market experience, Hussein added.

It’s worth mentioning that Lavista currently has over a 100 well trained advisers, offering their services and expertise in different languages to hundreds of clients from KSA, UAE, Egypt and the UK.