Wealth Monitor April 2016 | Page 17

PORTFOLIO | Interview this business. I have 20 years of experience in Real Estate handling multiple projects in Dubai. Overall, the 20 years of my career in Sales and Commercial Operations in the Real Estate sector enriched me professionally and enabled me to develop deep understanding about Dubai property market. Al Ruwad is a brainchild of that experience. After two years of operations of the Consultancy business, I decided to expand and include other activities of Real Estate business, such as brokerage, etc. How do you see the current Dubai property market conditions? Contrary to what many say, I believe Dubai property market is not slowing down. Rather it’s just a correction of rates and a rebalancing between demand and supply. There’s a pretty fresh supply coming into the market, which in many cases is outstripping the demand. Dubai is expanding and various real estate projects are coming up in areas where nobody had expected so 5 years back. Areas like Remraam, JVC, etc. are seeing new interests from residents and nationals moving in those areas. Whatever therefore is happening in the market, we shouldn’t be scared of as this is a normal and healthy development. If markets continue to go up without any correction, invest ܜ