This week we will be starting a series of blogs titled “Real Estate Industry Focus” that will take you on a deep dive of all things real estate in a specific region.
Our first feature will look at a hub for scenic properties that investors can’t get enough of: The United Arab Emirates.
The United Arab Emirates (UAE) is a country that has been known for its rapid economic growth, particularly in the real estate industry. With a population of approximately 10 million people, the UAE has attracted many foreign investors who are interested in investing in the country’s booming real estate sector. With over 75% of investment coming from abroad, demand won’t be dropping anytime soon.
Commercial Real Estate
The commercial real estate sector in the UAE has seen significant growth in recent years. Dubai, one of the seven emirates that make up the UAE, is particularly known for its impressive commercial buildings and high-end office spaces. The city is home to several world-class commercial developments, including the Dubai International Financial Centre (DIFC) and the Dubai World Trade Centre.
Due to the high amount of expats and businesses set up in the region, there is an increased demand for space. Brands look to set up shop in malls with high volumes of people in order to satisfy demands of customers. As our world evolves, brick and mortar outlets are slowly seeing drops in interest. As a result, brands and businesses are looking to provide an experience which merges the physical aspect of their store with a virtual or augmented aspect. With Windfall’s innovative technology, we can create these in demand experiences for brands to satisfy the new tastes and preferences of consumers. Due to this, we decided to enter the UAE as the first market with real estate, to give investors and brands the opportunity to purchase both physical spaces and their digital twins to create experiences like no other!
Residential Real Estate
The UAE’s residential real estate sector has also seen significant growth in recent years, particularly in Dubai and Abu Dhabi, the country’s capital. The UAE’s government has taken several initiatives to promote the growth of the residential real estate sector, including the introduction of laws that allow foreigners to own property in designated areas.
Dubai is home to some of the most luxurious residential properties in the world, including the Burj Khalifa, the tallest building in the world, and the Palm Jumeirah, a man-made island that is home to some of the most exclusive residential properties in Dubai. The city has a diverse range of residential properties, from luxury apartments to townhouses and villas.
Abu Dhabi, on the other hand, is known for its high-end residential communities, including Saadiyat Island, a cultural district that features several museums and cultural institutions, and Al Reem Island, a mixed-use development that offers residential, commercial, and retail properties.
At Windfall, we provide investors an accessible way to purchase, manage and sell real estate from their comfort of their home. We aim to consistently empower investors to take the reins, and make smart investment decisions regarding their future homes and assets. The residential real estate market is soaring in the UAE, and provides an ample opportunity for investors to make serious profits or simply reap the benefits of a luxurious (and appreciating!) home.
The United Arab Emirates’ real estate industry has seen impressive growth in recent years, driven by significant investment in commercial and residential properties. The country’s infrastructure and business-friendly environment have made it an attractive destination for foreign investors, and its government’s initiatives have promoted the growth of the real estate sector.
Next time on our Real Estate Industry Focus, we will be looking at a hidden gem for real estate — India!