Hamad Alwazzan - CEO and Small Business Owner in Lebanon

 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

  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

  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 2020. A key prop