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04 Mar 2021
Due to the United Arab Emirates dynamic and decisive leadership, attractive stimulus packages and arms-wide-open to foreign investment, Dubai’s real estate sector is experiencing green shoots of recovery, amid the Covid-19 pandemic, specifically within Dubai’s prime residential market.
Driven by a multitude of factors, ranging from government initiatives to a successful widespread vaccination programme rolling-out during 2021, coupled with the planned Dubai Expo 2020 starting in October and the illustrious 50th National Day in December, Dubai has created a niche for itself – primely positioned to showcase the Emirate in a post-Covid-19 world, to both visitors and residents.
On the other hand, another reason why Dubai (and the wider UAE) is thriving during these post-pandemic times is the evident absence of property tax. International HNWI, entrepreneurs, business owners and investors are cautious that many governments in their home countries will need to raise tax revenues to pay back the vast amounts of money they have borrowed whilst financing their way through the pandemic. Potentially, these higher home-countries taxes may well be inspiring investors to consider relocating to Dubai in order to enjoy the benefits of a tax-free property environment and not to mention the quality of life.
In recent months Compass Project Consulting has been appointed on numerous private luxury residential projects, with most project owners being investors from overseas, building their dream lives in Dubai. These clients are seeking a project partner to be their eyes-and-ears on the ground, seamlessly driving the project direction, from architectural and interior design through to procurement, construction, and handover.
With the Compass Team’s local real estate and supply-chain knowledge, our award-winning project management and cost consultants are being kept busy with bespoke new-build as well as refurbishment projects in uber luxury areas such a Jumeirah Bay, Mohammed bin Rashid City District One, al Barari, Palm Jumeirah, Emirates Living, and Abu Dhabi.
If you are considering making the move, we would love to hear about your real estate investment projects and ultimately demonstrate why Compass are the most in demand residential project management consultancy in the UAE.
Let us show you the way to your dream home.
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