May 24, 2021

Dubai Real Estate to Show Positive Signs On-demand Curve

Dubai realty is witnessing a price hike for the first time in six years. As per Morgan Stanley’s research note, the existence of direct co-relation between “Demand and supply” is ensuring higher demand amid the slowdown of project launches. This positive sign is due to the various government initiatives adopted to boost demand for residential real estate and liquidity in the market. Reforms vis-a-vis, attractive mortgage rates, positive shift in demand curve amidst the COVID-19 situation have also benefited the Dubai real estate market.

Dubai’s DAMAC Properties Chairman Hussain Sajwani mentioned that the market is on a positive recovery slope from the effects of the COVID-19 pandemic. The impact can be clearly seen on business books of the various industries particularly the travel and tourism sector. Providing a sigh of relief, as per the realty consultants it is believed that recovery will take at least 12 months.

While some developers see recovery will take a bit longer but even they cited that market is on a positive recovery slope, thus the realty here holds potential on many growth aspects. Viewing charts of Dubai-listed “Emaar Development”, it is expected that the price target will witness an increase in price hike by 37%. Meanwhile, Union Properties, another listed Dubai developer, reported a profit of 5.6 million dirhams for the quarter ending March 31, versus a loss of 121.9 million dirhams a year ago. 

Subscribe
@
Top Builders in Bangalore: List of Real Estate Developers

Bangalore, also known as the “Silicon Valley of India,” is a vibrant and diverse city that attracts people of diverse demographic characteristics. As the hub for IT business, with superior infrastructure and a cosmopolitan standard of living, this city has also become the epicentre for real estate investments. Whether it is high-end apartments or affordable houses, the requirement for residential properties is rising continuously. Therefore several leading real estate developers have been

Prestige E City: Luxury Living for Families & Professionals

Prestige E City is an innovative residential development, located in the vibrant Electronic City of South Bangalore. This project is one of its kind – envisioned to suit the fast-paced lifestyles of today’s families and working individuals. Designed with a lavish lifestyle in mind, this project is developed by the esteemed Prestige Group. This premium development blends luxury, convenience, and connectivity, creating a sanctuary for those in pursuit of an elevated lifestyle.   D

Simple Techniques to Identify Your House Facing Direction

Complete Instructions for Determining Your Residence's Directional Alignment.  Begin by positioning yourself at the main entryway or principal access point. This location serves as your reference point for analysing the dwelling's positioning. Utilise a magnetic navigation tool to precisely identify the alignment. Maintain the instrument level and steady in your grasp. Keep the compass level and stable in your hands. The navigator gadget will indicate True North.

↑