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Real Estate Agent vs Real Estate Broker - Hamad Al Wazzan

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  The terms “real estate agent” and “real estate broker” are often used interchangeably by the masses. When both, the broker and the agent are licensed to sell the property, it becomes even more difficult for you to differentiate, as the base of both of them are similar. However, In the real estate industry both, the agent and the broker, hold two completely different job descriptions.  Hamad Al Wazzan, a real estate professional, suggests that before entering the real estate industry you must know the difference between a real estate agent and a real estate broker. Both of them differ from one another, on the basis of responsibilities and educational requirements. Therefore, here are a few differences mentioned by Hamad Al Wazzan that can help you identify the differences between the two.    Real estate agent -   A licensed real estate agent connects buyers with sellers and represents both of them for real estate transactions. A real estate agent is an industr...
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Hamad Al Wazzan | A strong return for Europe in the next 20 years!

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  Hamad AL Wazzan The Global Financial Crisis of 2007-2008 and the current COVID-19 pandemic invite comparison with the Great Depression and global influenza crisis of the first half of the 20th century. So is it farfetched to suggest that the world could be in for an extra dose of optimism and progress in the 2020s – much like what occurred in the 1920s? We asked real estate entrepreneur Hamad AlWazzan to shed the light on this issue.   “Glimmers of pent-up demand began to appear during the summer months of 2020, with shopping centers and popular brands reporting large queues and the need for crowd management. This was short-lived – infections surged once more, stores had to reclose, and lockdown measures resumed”, he explained. According to Hamad AlWazzan, despite increased inequalities between socio-economic groups in 2020, many consumers felt far better off than previously.   “Spending on commuting costs, leisure activities, and annual holidays plummeted. And ...
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Hamad AlWazzan | Dubai´s temporary real estate boom!

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  Since the announcement of Expo 2020, there has been an increase of residential and commercial development at the site and across the UAE. New shopping centers, hotels and over 400 restaurants as well as luxury housing and cycling paths have been completed to cater to the needs of this worldwide event.    According to real estate expert, Hamad AlWazzan the event is estimated to bring in Dhs122bn to the overall UAE economy. “While that will largely be made up of the tourism, hospitality and F&B industries, there has been a notice able uptick in demand for rented apartments as a projected increase of visitors are expected to gather in Dubai. It is the perfect opportunity for landowners and investors who are on the lookout for a strong market for their properties”, he added “Despite the recent challenges posed by the Covid-19 pandemic, 74 per cent of respondents are anticipating a recovery for the MENA region’s real estate industry within one to two years since 20...
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