Hamad Al Wazzan managing director of Al Wazzan Real Estate USA

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Hamad AlWazzan | Gulf cities back to pre-pandemic numbers by 2024!

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 Due to the temporarily limited international and domestic migration caused by the Covid-19 pandemic, the real estate market is forecast to return to pre-pandemic levels by 2024 with Dubai, Abu Dhabi and Kuwait City mostly set to benefit from this property interest surge, according to real estate expert Hamad AlWazzan. ¨Gulf cities are the Middle East's mobility leaders, each with net migration rates projected to exceed 8 percent over the next five years. The continued economic growth in the Middle East has allowed key markets such as the UAE, Saudi Arabia, and Kuwait to focus their efforts on improving their residential and commercial infrastructure, which has been greatly aided by government initiatives such as Dubai's Vision 2040 and Abu Dhabi's Vision 2030¨, explained Hamad AlWazzan. He believes that this has increased investor interest in the region. ¨Restrictions have been lifted and daily consumer activity has resumed, the increased availability of retail and lei...
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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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