Real Estate in UAE
About Real Estate
Real Estate refers to property, both land and buildings that are owned by a person, family, group or company. It also includes all the natural resources and immovable property that comes with the land. These resources can include crops, minerals, water, and so on. From a commercial point of view, real estate deals with buying, selling, renting, leasing and subletting of land, buildings or any other structure constructed on land. With a broad scope of operations and functions, real estate primarily focuses on three major aspects. These three aspects include residential, commercial and industrial.
Residential real estate deals primarily with all kinds of residential property, such as apartments, villas, condos and mansions. Today, these services are widely used by locals to relocate and by foreigners or expats to find a place to stay with the amenities they require. Land is one of the most profitable assets, which grows in value with time and the progress is the surrounding area. Real Estate in UAE is highly sought after for workers to find accommodation, corporates to find office spaces. It is also important for industries to acquire land to expand, making its role all the more important.Real estate is valued, revalued, bought, sold and leases based on several factors. A few of these factors include location, architecture and design, amenities and proximity to the city. A real estate agent acts as an intermediary between prospective sellers and potential buyers. They use their skills to filter out trust worthy sellers and to find genuine buyers and to use their negotiation skills to bring the two parties to an agreement. Commercial services help corporates find office spaces and facilities that best fit their requirements. These agencies can be found all across the UAE in places like Sheikh Zayed Road and Port Saeed in Dubai and the Hamriyah Free Zone in Sharjah.