Page 480 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

What impact, if any, have geopolitical factors had on the real estate
market in the UAE, especially in the luxury segment, and how do you
foresee these factors shaping the industry in the coming months?

Despite the uncertainty in the global economy, the UAE's reputation as a safe
haven for investors is likely to prevail, driving more investors to enter the UAE
real estate sector. Similarly, an influx of expats is also boosting rental property

demand. Dubai’s status as a global business and tourism hub further makes it
susceptible to global economic fluctuations. Though investor sentiment may
be influenced by global uncertainties, the UAE's stability and pro-business
policies continue to attract a multitude of buyers. These elements, in our
opinion, are likely to influence industry dynamics and highlight the significance
of adaptability and strategic risk management.

As a seasoned expert in the industry, what advice would you offer to
individuals looking to make long-term investments in the UAE luxury
real estate market in the current economic climate?

My advice to anyone considering making long-term investments in the UAE's
luxury real estate market is to undertake extensive research, taking into
account factors including location, developer reputation, timely project
delivery, and most crucially, quality. Another crucial consideration is to
embrace sustainable and technologically advanced properties that fit with
evolving preferences. Additionally, a strong grasp of the UAE’s legal
landscape that governs every real estate transaction will help buyers make
informed decisions and unlock the full potential of the investment.

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