We entered 2020 like everyone else, full of ambition and excitement. As the new decade dawned, there was clearly something about this year that was going to be different. Business sentiment was abuzz; as were we.
Sizable number of such businesses are going bust, and it’s not just to do with market. Even when all the evidence suggests otherwise, there is this perception that selling a home doesn’t require much beyond basic skillsets.
What does it take to be a successful agent or agency in the Dubai real estate market?
The global property market hit the brakes when Covid-19 struck in February. Since then drops in lending rates, fiscal policy initiatives, and new demand trends created a resurgence in activity; led mainly by people trading-out of cramped apartments into larger homes offering more space.
For particular property types, prices are back at pre-covid levels, some even selling above their asking price. Their landlords are seeing their prices bid upwards, and they’re riding that gravy train.
Enter: Bidding Wars! But how can you emerge as the victorious broker?
A new real estate industry report released by Informa Markets, the organiser of Cityscape’s Real Estate Summit, has surveyed 488 property industry professionals from the MENA region.
Respondents ranging from developers and architects, to private and institutional investors, consultants, estate agents and government staff, were asked about the region’s residential, commercial, retail, industrial and hospitality sectors.
What does it take to become a top real estate agent?
There’s no denying the profession is relentless; with extreme working hours, emotional roller-coasters, short-weekends, and no guaranteed income. Estate agents must be prepared, sometimes through no fault of their own, for deals to crumble at the last minute.
So, it’s no exaggeration that many of the world’s top brokers eat, sleep and breathe real estate.