Dubai real estate has seen massive growth as investors today experience doing business in the UAE like never before. The country’s decision to facilitate 100% business ownership to non-Emirati individuals has been a game-changer for those looking to establish their business in the City of Gold, says Atinirmal G. Pagarani, MD, of the group Yogi.
According to Atinirmal, “Dubai’s booming real estate market and government efforts to attract young entrepreneurs have attracted many local and international investors, especially Indians looking to start their own business or own commercial property.”
“The emirate aims to become a hub of innovative growth in sectors such as education, fintech, pharmaceuticals, etc.,” says Atinirmal G. Pagarani. “The implementation of the Golden Visa for five or ten years has attracted investors to secure a place and be part of this massive growth journey,” adds Atinirmal. With the huge development, it seems to be a turning point for entrepreneurs as well as investors.
Unlike the growing “work from home” culture in the rest of the world, people in Dubai prefer to go to an office to work. Yogi Real Estate, part of the Yogi Group, notes that now is a good time to buy commercial property and rent it out. “Nowadays business is growing and people need commercial office space,” says Atinirmal, adding “it is a good time for investors to invest in commercial space in Dubai.”
Speaking of Dubai’s rental market, Atinirmal says: “It was expected to show a negative growth trend when the pandemic hit. But the opposite happened. In just six months, the rental market has quickly recovered to attract investors from all parts of the world. globe.” Yogi Real Estate believes that 2022 will see historic growth, especially if the market continues to grow at the current rate.
According to Yogi Real Estate, also in the residential market, the Covid-19 pandemic has forced investors to reassess their needs. Now, people are looking for spacious and secluded living conditions, which is what Dubai villa rentals offer. With people wanting residential property rentals they can escape to once in a while, Dubai property markets have seen a 5% increase in Dubai property rents.
With these changes, there is a lot of competition brewing in Dubai, and Yogi Real Estate believes this is just the beginning. The company allows its customers to earn money from their second homes. As one of the leading real estate companies in Dubai, they cover all the bases for their clients and work at the same pace.
While securing a rental property in Dubai is one thing, managing that property requires a reliable and trustworthy company. Part of a nearly half-century-old Yogi Group, Yogi Real Estate is managed by industry experts managing over 15,000 units in Dubai.
The leading property management company not only helps find the right commercial or residential unit for clients, but also provides a “made for you” service that extends from finding the right tenant to collecting rent, paying utility bills, upkeep of the property, and responsive care to the needs of both tenant and landlord.
Atinirmal G. Pagarani shares, “Acting on behalf of owners is key to giving their properties a competitive edge. On the other hand, at Yogi Group, we provide wholehearted support to entrepreneurs setting up their business in Dubai. We help them by not only finding the right business location, but also helping them leverage our connections and network to find investors, attract the right talent pool and fulfill the mandatory requirements to make the whole journey very easy. »
Disclaimer: This is a company press release. No HT journalists are involved in the creation of this content.
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