Hamad Alwazzan - CEO and Small Business Owner in Lebanon

  The pandemic created a frantic real estate market in much of the United States that has yet to let up, with demand for housing still outpacing the number of homes coming on the market.  “For the last two years, sellers had a heavy upper hand in most of the country, however things are about to change”, says Hamad Al Wazzan, a real estate expert.   He says that the market has started to cool off a bit In the summer of 2021.   “I believe that this a sign that the wild price appreciations of the past year may have scared off some buyers who prefer to wait until things calm down, to stay put or to continue renting. There’s a lot of buyer sticker shock, people who are a little more investment oriented or who maybe already own a home have pulled back” added Hamad AlWazzan “If prices have gone up 20 percent and then dip 2 percent, it’s not the end of the world. It may also signal the return to a normal seasonal dip with many schools back in-person and delayed summer vacations finally und

  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 savings ratios

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 leis

  Buying or selling a property is an exciting experience for anyone. The whole process of investing in the property or selling your property is enhanced by a good real estate agent, who is well aware of the ins and outs of the market. However, it is important to work with the right real estate agent to keep your estates safe and secure. Moreover, Hiring an ideal real estate agent can help avoid costly mistakes and make smart decisions.  Hamad Al Wazzan, explains that a good real estate agent not only educates their client about current market conditions but also guides them through each step of the process and refers to the best professionals in other fields. On that note, here are some of the best tips by Hamad Al Wazzan that you should keep in mind while hiring a real estate agent.  Meet with several real estate agents -  Interviewing various potential realtors gives you the opportunity to learn more about them, their experience, their areas of expertise, and their level of professio

  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 industry professional who facil