UAE Real Estate Sector Shows Resilience Amid Ongoing Conflict
Several industries in the UAE are facing the impact of the ongoing conflict in the Middle East, especially the hospitality, tourism, and trading sectors. However, the real estate sector is showing resilience, with experts saying the current situation is creating new investment opportunities.
Experts Weigh In on the Real Estate Sector's Resilience
Priyank Shah, CEO of Buildcaps Real Estate LLC, a Dubai-based real estate firm, discussed the impact of the ongoing conflict on the real estate sector.
Discounts and Flexible Payment Plans
- Developers are offering discounts and DLD (Dubai Land Department) waivers.
- Flexible payment plans are available, allowing investors to make only 20-30% payment during construction.
- Low monthly payment plans spread over several years are also available for small investors.
A Bright Future Ahead
Priyank Shah remains optimistic about the future of the real estate sector.
Markets Go Down, But Recover
Shah advises investors not to panic and sell their properties at a lower price.
Real Estate is a Long-Term Investment
He emphasizes that real estate is a long-term investment and advises investors to have patience and liquidity.
Current Situation is a Good Time to Invest
According to Shah, the current situation is a good time to invest in strong stocks, with developers offering deals that may not be seen for several years.
UAE Will Recover Strongly
Shah is confident that the UAE will recover strongly from the current crisis, as it has handled crises before.