Director and partner of Danube Properties, Atif Rahman, gives us the inside track on key aspects of the region’s ever-evolving real estate industry
How is the real estate market currently performing compared to previous years?
I believe every time any market slows down it gains strength and intelligence. I am sure all of us who have seen the Dubai real estate industry over the last two decades would agree that with every passing year the market has matured in every aspect. Today we have excellent infrastructure, strong regulatory control and, most importantly, transparency.
The maturity of the industry has brought forward excellent new dynamics and opportunities. To sum it up, it’s a consumer’s market ready for long term growth. I personally believe that the Dubai real estate industry is one of the strongest, not just regionally but globally.
What are the big changes you have noticed in the GCC real estate market since 2014?
Dubai sets the benchmark when it comes to the regional real estate market, whether you look at its regulatory system or industry performance. There have been many initiatives which shall drive future growth; however, I feel there are two key shifts which will benefit the industry in the long run. The increased focus towards affordable housing and immigration reforms are bound to create unprecedented gains in years to come. While the former will ensure that real consumers participate, the latter will keep feeding the market with fresh population and consistent demand.
What are the key trends you have noticed in 2019’s real estate market?
This story is from the July 2019 edition of Gulf Business.
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This story is from the July 2019 edition of Gulf Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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