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Abdullah Alajaji Explains Dubai’s Real Estate Trends

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Abdullah Alajaji Explains Dubai's Real Estate Trends

How the emirate’s real estate market evolves in 2022 will depend on the trends that are detailed below. Dubai’s real estate market has attracted a lot of interest in 2022. A number of notable performances were seen in the emirate’s real estate market. Then, what factors are having an impact on the sector this year? Along with sharing his opinions on major trends, Abdullah Alajaji also discusses the micro. Interested? Keep reading!

Macro Trends

Dubai’s economy has grown tremendously in many different ways. Several initiatives and reforms have been implemented by the government in recent years, with the primary goal of attracting more foreign direct investment into the city. Here are some of them: 

  • The 10-year visa (also known as the “golden visa”) was introduced by the government with the goal of providing long-term residence for individuals and retaining talented people in the country. 
  • Furthermore, reforms relating to the ownership of companies in the emirate without the requirement of a local sponsor aided economic growth.
  • Additionally, the UAE’s decisive move to adopt a more international workweek from Monday to Friday helped advance the emirate’s position in terms of trade, transportation, and its status as a financial hub and tourist destination.

Furthermore, the UAE Central Bank predicted a GDP growth rate of 4.2% for 2022, which is twice the growth rate attained in 2021 of 2.1%. A new wealthy population moving permanently to Dubai is expected to cause population growth to reach record highs, which will speed up growth across all economic sectors.

Micro trends

The stellar performance of the Dubai real estate market in 2021 has caught the attention of property inWvestors from across the globe. Thanks to years of infrastructure development and population growth, the market has outperformed the majority of international real estate markets, beating Paris, London, New York, and Hong Kong, to name a few. Dubai actually held the third-place spot globally for the city with the highest residential capital growth in 2021, with a recorded 17% growth.  

  • The year 2021 marked the highest transaction value in the history of the industry, at Dhs300bn. This shows an increase of 72% from the previous year.

In terms of capital values, demand and supply dynamics were at work in 2021. Villas and townhomes and the ultra-high-end segment of the market both experienced double-digit growth year over year, making them the best-performing sub-sectors. 

Due to relatively low levels of supply, increased demand from wealthy people moving to Dubai, and residents upgrading to larger, more COVID-friendly living spaces, both sectors saw significant growth in 2021. 

  • Waterfront communities and branded/serviced residences in established locations are two other sub-sectors that experienced growth over the course of the year.

Finally, looking ahead to 2022 and beyond, the Dubai real estate market appears poised to keep growing, propelled by a consistent inflow of fresh capital and a relatively cautious release of new supply from government and semi-government developers. Real estate has served as the ideal hedge for investors amid rising inflation and interest rates. Given the emergence of new catalysts, Dubai’s environment is favorable for continued expansion.

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How Do I Choose the Best Pest Control Company in My Local Area?

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How Do I Choose the Best Pest Control Company in My Local Area?

Did you know that there are 27,000 pest control businesses in the United States?

If you constantly deal with a pest problem, it can seriously disrupt your life. Rather than fighting these problems yourself, hire the best pest control company to take care of the problems.

Read below to learn about the best pest control company to help you.

Ask the Experience

When choosing a pest removal service, the most important thing you can do is ask around for experiences. Receiving a first-hand account of successes will help you weigh the options.

Always make sure to research the qualifications of the company. Ask about their chemical use, licensing, customer service, and customer satisfaction rate. This will ensure that the pest control service is your ideal choice.

Considering Cost and Quality of Service

When considering cost and quality of service when choosing a residential pest control, it is important to do your research. It is beneficial to shop around and see what each company offers. Get multiple quotes and compare the cost, services, and guarantees.

Make sure to go with a company with a track record of delivering good quality service. Using these strategies should help you find the best pest control company at the right price. If you need help, be sure to contact this pest control company to ensure you get the best service for your needs.

Getting Recommendations

It is recommended to obtain recommendations from family, friends, and neighbors. Ask about their experience with the company and their opinion on the professionalism and responsiveness of the staff. Ask if the problem was taken care of promptly and effectively.

Read any customer reviews and search for the company in trusted online sources. Make sure to ask for an inspection of your home and a written plan of pest control measures.

Understand the Different Tactics Used for Pest Control

It is essential to take the time to research the different tactics used for pest control. Many companies use other methods of treating the various pests. Before hiring, it is necessary to understand what the pest control company uses.

It is essential to find out if they use pesticides or natural or mechanical repellents. It is recommended to review the success rate of their work. Taking the time to ask questions and getting the facts about the techniques used and the company can help you make an informed decision.

Being Aware of Industry Regulations

When choosing a pest control company, it is essential to know industry regulations and guidelines. Ask if the company will provide a written treatment plan detailing the pest problem and the treatment method.

Do your research to ensure that the company follows the regulations your state and other applicable local government entities set. Ensure the company is trained on the proper use of pesticides and other pest control measures. By researching and being aware of industry regulations, you can make an informed decision on choosing the best pest control company in your local area.

Choosing the Best Pest Control Company

Finding the best pest control company in your local area means researching. Read up on customer reviews to ensure reputable service and competitive prices. Once your list is narrowed down, don’t hesitate to contact the companies with your specific needs. Be sure to visit our website and read more informative content!

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