Rising Transaction Volumes
The real estate market of Dubai is fighting well against predictions of a slowdown and could finally break free from its traditional boom-and-bust cycles. Further driving the market forward is the continuation of good transaction volumes and high absorption rates of new properties, further driven by activated strategic developments and rising interest of investors.
Prosper Real Estate Intl’s Akram Kanso
PC: Gulf Business
Record-Breaking Transactions
In a standout performance, Dubai’s property market has recorded a 44.2 percent surge in transaction volumes from the previous year through May to an unprecedented figure of 15,766 transactions. This is an indication of the strong demand for the city and a still vibrant real estate sector. Although the launch of new property estates had raised concerns over the possible saturation of the market, it has so far been able to absorb a significant portion of the new units.
High Absorption Rates
Figures available at the moment indicate that 70% of new properties launched since 2022 have been sold. With a rate of absorption that reflects the strength of the market and the steady demand for Dubai real estate products, this high absorption rate the market has had with respect to new stock suggests a strong and sustained demand, countering the risk of oversupply.
Prosper Real Estate Intl: A Unique Approach
Integration of Consultancy and Brokerage Services
With an increased number of brokerage houses, Prosper Real Estate Intl has taken a differentiated approach to marry consultancy services with traditional brokerage and investment planning. This is very critical in matters that concern trust and credibility, mainly from foreign investors who need comprehensive consulting on how to go about Dubai’s real estate market, says Prosper Real Estate Intl’s Akram Kanso.
Consultancy Services in Detail
Market research and strategic planning are also part of Prosper’s consultancy services. It understands the investors’ budget and then makes a minute study of the markets to present custom-made strategies to ensure maximum capital appreciation and return on investment. Such double focus on strategies, both short-term and long-term, provides the conditions whereby the goals of the investors can be matched to the market conditions.
Traditional Brokerage with a Twist
While Prosper does have a lead generation, digital marketing, and SEO campaign option in the pipeline, which is more traditional for brokerage firms, it’s also consultancy-driven. This bundle of services aims to give both desired and potential investors the right services, hence sustaining the entire real estate landscape in Dubai.
Strategic Growth and Development
Investment in Sales Advisors
Prosper places significant emphasis on developing its sales advisors’ team. Extensive training in self-development, motivation, and sales ensures that advisors are well-equipped to represent the company and deliver exceptional performance. This investment in human resources is critical for maintaining high standards and achieving strategic business goals.
Enhancing CRM and Customer Service
To manage the high volume of transactions effectively, Prosper invests heavily in refining its customer relationship management (CRM) and customer service systems. Ensuring accuracy and efficiency in these areas is vital for smooth operations and maintaining investor confidence.
Dubai’s Expanding Market
Population Growth and Rising Wealth
Steady population growth in Dubai, along with the inflow of foreign investors, has supported the demand for the real estate sector. The number of millionaires and billionaires is on the rise and has crossed the figure of 6,700, continuing to rise. This trend of increasing affluence fuels demand for both residential and commercial spaces.
New Developments and Market Expansion
This has meant that off-plan projects and new developments have really taken off, particularly south of the city near Al Maktoum International Airport. These fall within the grand Dubai strategic expansion initiative, comprising varied and high-standard projects aimed at responding to growing market demands. The pleasant growth direction in this case is very much attached to the strategic leadership role employed by the Dubai government.
Conclusion
Dubai’s property market continues to defy gravity with its voracious transaction volumes, high absorption rates, and unabating interest from investors. Prosper Real Estate Intl is contributing towards this with its novel consultancy-cum-brokerage model, which helps with the attraction and retention of investors. As Dubai moves up in growth and development, the real estate is bound to be a constant success story due to strategic planning and an excellent environment for investment.
