To help life slowly move toward a new normalcy, the UAE government has issued multiple stimulus packages and initiatives to bolster the economy. But it is still early days, and people are waiting to see how they will be directly impacted, especially when it comes to real estate.
As the dust begins to settle, you may find yourself looking for a steadier financial course of action, particularly as you weigh all your options as a buyer or seller. Because now, more than ever, what you do could significantly affect your future.
But where can you find advice to help you make critical decisions about real estate as the world awaits the pandemic’s full fallout?
Weathering the storm
Picture this: You and your family are about to board an aeroplane but a storm is gathering on the horizon. You’ll certainly be flying through that storm to reach your destination. Now, who would you rather pilot your plane – the young brash officer with only two years of experience or the weathered captain who has seen many such storms?
I think you would choose the latter. And make no mistake – across the world and in Dubai, we are facing turbulent weather, which (understandably) has everyone feeling a bit uneasy. But the right guidance and support can give you the expertise you need to make it through the storm.
So, ask yourself, can the agent you have dealt with in the past really support you in these uncertain times? If you think your answer may be a hesitant ‘yes’, ‘I don’t know’, or a resounding ‘no’, then you need help from someone who understands how economic downturns affect the real estate market in the region and someone who knows local laws and regulations. You want an agent you can trust – someone who is not only sensitive to your concerns but can also get you the deal you deserve.
Trust is more than a five-letter word
A good proportion of real estate agents in Dubai prey on investor’s unrealistic expectations, apprehensions, or on personal greed to urge clients to make hasty deals. It takes years of market experience to guide clients about where to buy. An experienced agent scrutinises and weighs all aspects of a sale and doesn’t rush you into a quick decision.
Our initial advice is to only listen to advisors you can trust because owners and investors will suffer if they are advised incorrectly. If an agent shows themselves to be insensitive to the interests of a buyer or seller, then they are not in the relationship for the long term. You’ll be left with the ramifications, especially during an economic recession or financial constraints.
Nothing beats experience
Even outside the global crisis, the real estate market in the UAE is young, with even younger agents and agencies! One of the most common complaints is against inexperienced representatives, more eager to earn their commission than in offering honest, good advice.
Unlike untested agents, established and experienced agents are in a position to call upon their network of contacts to get the deal that is right for you. Equally, having someone on your team who knows the ins and outs of the property market and is up-to-date on market rules and regulations makes the sales and purchase processes far easier and less stressful.
Plan for the future today
The Dubai real estate market has its nuances. Agents with local experience and who have weathered many economic cycles can recognise trends and patterns. This knowledge can, in turn, help investors, sellers, and buyers make the right decisions. Like any specialist, top talent in real estate is always in demand. It’s just harder getting to the experts through all the tiers of inexperienced agents working the field.
Demand for experienced professionals is higher now than ever before. Even with the current economic conditions, experienced agents with foresight are advising clients on smart, secure investments with good returns and a long term appreciation on the price for investors and knowing when it’s the right time for a seller to commit to a sale.
This is not the time for agents to sit back, but to proactively look for success for clients that put their interests ahead of everything else. Make sure you have an agent who is in the game for the long run and who will be available when needed in order to get the results you need.
Why Grove Park Property may be right for you
I know what you’re thinking. Almost everyone claims to be an authority on property. And if you’ve ever been short-changed by your experiences with an agent, then you will agree that not everyone is qualified for the job. There is more to property than transactional services, and, of course, not all properties are created equal.
At Grove Park Property, we realise that a foundation of trust is imperative to any relationship. That is why we commit to investing in our clients’ futures through commitment, honesty, and mutual respect. To this we bring our extended wealth of experience across regions and markets.
Personally, I have been in real estate for 25 years and have guided people through both welcoming and volatile market conditions. I’ve been through countless training programs in real estate and management courses so that I can give you the quality, actionable, up-to-date advice you need to protect yourself and your family.
Just as you need rain to enjoy the sunshine, I’ve seen my share of storms, but my relationships with my clients are my guiding light as I help them find their best position in any market. These relationships still sustain and grow two decades into my career, because my clients know that I am committed to being honest.
Like I said before, at Grove Park, we are not in this to make a quick commission.
If you need someone trustworthy, resilient, knowledgeable, and experienced to support and navigate you through these turbulent times, get in touch by clicking here.