Dubai’s Real Estate Market Ready for Growth: How R Consultancy, in Partnership with Faisal Al Hashmi, Can Support New Investors

As Dubai's real estate market gears up for a dynamic second half of 2024, driven by the back-to-school season and favourable economic conditions, new investors have a unique opportunity to expand their businesses in this thriving city. R Consultancy, in an exciting collaboration with Faisal Al Hashmi, an esteemed Emirati Chairman and businessman with a wealth of experience since 2004, stands ready to support investors by connecting them with strategic partners, helping them register their businesses, and securing competitive licensing rates.

The Back-to-School Effect on Dubai's Real Estate Market

The start of the school year in Dubai traditionally marks a significant uptick in real estate transactions. More than 326,000 students, both expatriate and Emirati, are set to return to private schools on August 26, 2024. This influx of families moving to or within Dubai for better educational opportunities creates a surge in demand for both rental and purchase properties.

Andrew Elliott, a director at Chestertons Mena, highlights that the back-to-school period is a "key milestone" in Dubai's real estate calendar. New expatriate families often time their relocation to align with the academic calendar, while existing residents may seek new accommodations closer to schools. This trend is echoed by Lewis Allsopp, chairman of Allsopp & Allsopp, who notes that the start of a new school year is a major driver of real estate activity.

Market Trends and Opportunities

Historically, September has seen a peak in property transactions, with 11,960 sales recorded in the same month in 2023—the highest monthly tally of that year. This trend is expected to continue, with analysts predicting double-digit growth in both sales and rental contracts during the back-to-school season. Engel & V?lkers Middle East reports a consistent rise in transactions during this period, driven by new arrivals and the return of residents from summer breaks.

Beyond the school-related surge, other factors are set to boost Dubai's real estate market. The anticipated cuts in US interest rates from September onwards are likely to reduce borrowing costs, making property more affordable and driving increased demand. Historically, the second half of the year has outperformed the first in terms of sales transactions, with growth rates of 28% in 2021, 27.6% in 2022, and 16.5% in 2023.

How R Consultancy and Faisal Al Hashmi Can Support New Investors

For investors looking to capitalize on these trends, R Consultancy, in partnership with Faisal Al Hashmi, offers unparalleled support services. Faisal Al Hashmi, with his vast experience in Dubai's real estate market since 2004 and his extensive network of VIP clients, is a formidable ally for any investor. His deep connections and in-depth knowledge of the market make him an invaluable partner in navigating the complexities of Dubai’s real estate landscape.

Together, R Consultancy and Faisal Al Hashmi provide comprehensive services including:

• Partner Connections:?Leveraging Faisal Al Hashmi's extensive network and market insights, we connect investors with key partners in Dubai's real estate and business sectors.
• Business Registration:?We assist in registering businesses in Dubai, ensuring that all legal and regulatory requirements are met efficiently.
• Competitive Licensing Rates:?Our team negotiates favourable licensing rates, helping investors reduce startup costs and maximize their return on investment.

With the combined expertise of R Consultancy and Faisal Al Hashmi, new investors are well-positioned to achieve success in one of the world's most dynamic cities. Whether you're looking to purchase property, secure rentals, or launch a new venture, now is the time to take advantage of the opportunities Dubai has to offer.