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Showing posts from October, 2019

Coworking: Opportunities for Landlords

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There’s a growing trend in Dubai that is changing the way people work. Gone are the days when people are limited to the traditional  offices space in Dubai . With the Internet affecting almost every aspect of life, people now have a choice to work in coworking space. According to one estimate, there are around seven million people who will be working in a coworking space by the end of 2019. This number is seen to grow exponentially in the many years to come as millennials are poised to take over the workforce. In one recent report, coworking space is seen to occupy between 320,000 to 530,000 sq. ft. of space around the world. In Dubai, there are more than 50 coworking locations and this number is growing year after year. In fact, this figure represents a 130% increase since 2015. It is worth noting that Dubai has a fast growth rate in the coworking industry and now, it is estimated that the city has more than 650,000 sq. ft. of coworking space. Because of the shift in how...

Property Management: Enjoy the highest ROI

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Choosing the right property management company in Dubai is an important aspect of your investment. In fact, a  Dubai real estate  management company has the power to ensure you will have the highest return of investment possible. But at the same time, they can also be the reason for your investment to reduce in value. Thus, you need to spend the right amount of time to ensure you hired the right property management company. To help you make the right choice, here are some of the things you need to look for. Experience Generally speaking, the longer a company has been in service, the more experienced and expertise they have in the field. Experience is vital when choosing a  property management  company. For one, this makes them familiar with the local real estate market. Not only that, but if you hire a property manager before you make an investment, they can guide you to finding the right property, how much you should be charged, how many units you should...

UAE Sets Up Real Estate Planning Committee

Among the strongest backbone of the UAE’s economy is its real estate sector. In line with the aim of the UAE government to ensure a robust growth of real estate in UAE , a new planning committee was set up. A different directive was issued to form a higher Real Estate Planning Committee that would include the following: General Secretariat of the Dubai Executive Council Dubai Land Department Wasl Properties   Investment Corporation of Dubai Emaar Dubai Properties Nakheel Meraas and Nshama Meydan Dubai South Dubai Silicon Oasis Authority   Dubai Multi Commodities Center The said planning committee was initiated by His Highness Shaikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai. He commissioned Shaikh Maktoum Mohammed Bin Rashid Al Maktoum, the Deputy Ruler of Dubai, to chair the newly formed committee. There are three primary goals of the Real Estate Committee. These are the following: · ...