Farhad Azizi, Special to Gulf News

Articles from the author

UAE developers need to get cracking on ESG goals

One way to match promises to action is through an annual sustainability report

Are UAE developers taking on an active role in the national dialogue on ESG ambitions? If not, they should start now.

Golden Visa, affordability can propel Dubai property

At no time should developers lose sight of keeping all pricing options open for buyers

The latest expansion of the Golden Visa coverage will play a fundamental role in attracting overseas buyers and spurring demand for real estate projects.

Dubai property will still see heavy crypto-based buys

Price crash for cryptocurrencies does not alter key fundamentals, notably on inflation

Dubai developers had been early adopters when it comes to offering crypto as a payment option. The current crash in crypto values will only slow down the process momentarily.

Do property deals in Dubai with crypto - and cash

For now, crypto transactions still require the cash element to seal a deal

Dubai is progressing towards allowing the buying and selling of property with crypto. For now, though, there are strict guidelines on how an SPA can be issued.

UAE's mid-income residents must switch to owning homes

As in Europe, government policies can make such a transformation happen

Home ownership for all... Dubai has the high-rises and communities for the wealthy and upwardly mobile. By making cost of ownership more accessible, city can widen that base further.

UAE developers cannot rest on government's achievements

Creating a destination is government's work, making living spaces is developers' work

Make those living spaces even bigger... Developers have to make quick changes in what they have to offer. Tried and tested formulas may not work any longer.

Dubai’s private developers can be given easier terms

Those with a track record to show should have access to new land at lower costs

Dubai could consider allowing private developers to pay off land acquisition costs on a staggered basis after the deal. Or offer some incentives to those private players with a track record.

UAE economy is best placed to take on a recovery

Gradual re-opening of business sectors with minimal disruption bodes well

The phased re-opening of businesses has gone on without a hitch in sight. This is what it takes to inspire a return of confidence.

Unleash the ‘revenge’ spenders for a faster turnaround

Unlock pent up demand, and that’s where the recovery process will start from

Let's get the recovery back on track... tapping into pent up demand, and it's very much there, would be one way to push spending patterns to where they belong.

UAE property can do with a tech boost

Developers can deploy new concepts such as AI to aid selling and building homes

There's nothing like bringing in virtual reality and AI to spruce up a real estate deal. Dubai's developers are on course to make that transition.

Millennial potential untapped by Dubai real estate

This generation will be stepping into 40s soon, that’s a good time to go home hunting

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UAE real estate is back in business

The impact of successive reforms is starting to show up quite visibly

A view of the Dubai skyline.

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