A Look at Dubai’s Real Estate Evolution
05:29Here's A Look at Dubai’s Real Estate Evolution
Welcome to the Junaid Iqbal Memon blog. Junaid is an established real estate developer. In 2014, he founded the Cloud 9 Group, which he used to not only develop an impressive investment portfolio but to also serve as his stepping stone in venturing into property and real estate development. Based in Dubai and London, he has a number of completed projects under his belt and also owns and manages several businesses in both cities. Below he shares some of the latest trends and updates on the real estate market.
Despite the continued property price and rent decline and the specter of oversupply experts have noted that the real estate market in Dubai is maturing. They have also predicted a bright future for the market as it gets ready for the Expo 2020.

While these details may make it sound like a challenging time for investors and owners, there are analysts who believe that the figures are mere signs of the continued development of the market. The market is maturing and continues to do so. A reflection of this is the fact that rents are now coming down at a much quicker pace compared to prices. The market is now becoming less volatile and this is the reasons why investors do not mind the lower yields that they are getting.

Long-term vision has always been critical to success. Real estate is, after all, not about short-term thinking. Rather, it requires a long-term view. This is exactly the kind of culture that the Dubai property market is trying to promote. Price increases have been minimal when compared to the boom in 2007 and 2008. But this is a clear indication that the market is becoming more resilient.
There is an increase in affordability too as the real estate market in Dubai is experiencing a shift towards building houses that are more on the affordable side. Dubai is becoming more affordable and people can now afford to settle there. In addition, the decline in prices and rents are forcing developers and investors to focus on offering quality as it now clearly makes the difference. That, in itself, is a good sign of the times.
Watch the video below to learn more.
Learn more about the recent trends in property development and real estate investment by reading about Junaid Iqbal Memon online. You can also like the Junaid Iqbal Memon Facebook page.
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