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