The real estate market is constantly changing. In this case, an investor needs to be able to assess the risks in time and make investments. The licensed real estate agencies in the UAE from the Emirates.Estate website will help you make the right choice when buying housing.
New building rating system in the UAE
The government of the United Arab Emirates cares not only about simplifying investments in the country, but also about its business reputation, including in the real estate market. In this regard, a rating for buildings was introduced in Dubai. By analogy with hotels and hotel complexes, buildings will be assigned a certain number of stars according to various parameters.
The ranking will also introduce a completely new level called “4Plus”. This level will be assigned to buildings with high environmental performance. The United Arab Emirates has certain commitments to reduce harmful emissions and address current climate change challenges. Moreover, government representatives are confident that the updated rating will help to make an important contribution to the formation of a favorable environmental environment.
- To date, the rating has been assigned to 18,000 structures of various types: these are residential property, offices, commercial areas.
- Only government buildings and villas do not take part in the rating.
According to representatives working on the introduction of the rating, such a measure is aimed not only at improving the quality of construction in the future, but also at improving old structures.
It is noteworthy that everyone can see the official rating assigned to a particular structure. To do this, just enter the special Dubai REST application and view the necessary information. If there is no such information, then you can send a request (the cost will be AED 500 or USD 136), after which representatives of the commission will visit the property and assign an appropriate rating.
Tendency of the real estate market in the UAE
Experts assure that for the vast majority of investors now is the best time to sell real estate. Over the past 6 months of 2021, Dubai property has acquired a record number of investors. However, many investors are wondering if it is worth selling real estate now to maximize their profits?
Studies show that the number of offers for the sale of real estate has increased by 10%. At the same time, sellers actively explore the market to select the optimal selling price. Practice shows that increased demand is not a guarantee of maximum profit. Many factors should be taken into account here: the location of the object, infrastructure, transport accessibility, real estate segment. Given the increasing value of properties, in some cases, renting out housing and subsequent sales will help to get more dividends.
Real estate in Dubai
Planning to buy property in Dubai for housing or investment? The specialists from Emirates.Estate will help you find properties that will fully meet your requirements and budget