Looking at the architectural marvels that dot the landscape of the United Arab Emirates, it doesn’t take long for one to imagine living in one of these marvels. It’s an often repeated thought amongst all who dream of living in a utopia, but only few get to actualise these thoughts into reality.
To those who have managed to land their dreams of having properties into reality, absolute kudos. Because it’s definitely a sign of positivity and proactive reinvigoration not just for the investors, but also for the entire real estate sector as well.
Especially even more now, considering that analyses and reports have been talking about nothing except the upward surge of property trends across the region after nearly four years of economic crises – severely affecting the real estate sector – dodging its heels.
But while analyses and studies only present the statistical aspect of the currently prevailing – and immediately expected – trends in the real estate sector, one of Dubai’s significant real estate developing concerns, Deyaar has come up with corroborating figures to substantiate the upwardly growing surge of real estate development in the UAE.
The company recorded about Dh 650 million as profit for the year 2013, a figure that poured in from a vast real estate management listing of the company amassing to over 20,000 units. This however is just the tip of the ice-berg as far as the real estate sector in the UAE is concerned as company sources pinpoint a further enhancement to their existing real estate portfolio in the year 2014.
This favourably touted and highly awaited enhancement is not however expected to be confined to Dubai and Abu Dhabi, though the surge of the wave is definitely expected to crest the highest in these two prominent regions in the UAE. And this trend of proactive sweetening is not just going to be restricted to the residential real estate line-up, but is expected to extend to the commercial domain as well, thus adding a plumb weightage to the already soaring anticipation.
And these developments projected are not just bubbles waiting to burst before investors’ very eyes. But are rather strong prognostications reinforcing the fact that the UAE – is indeed coming out of the slump that had for some time become the hot-spot to discuss and debate about the region, superseding everything else.