Covid 19 changed almost everything. From the way we conduct business to how we eat, everything is affected. The real estate market of the UAE saw some interesting changes. Due to lockdown and restrictions imposed by the government, the real estate sector’s performance has been very low in the latter half of 2020. Properties for sale in UAE saw a new low but now the market is making a comeback, that too, in better ways than before.
Covid 19 brought new trends in the market, both short-term and long-term. It is safe to say that the new trends are helping the real estate market to improve a lot. How exactly? Here are some indicators.
Better Residential Standards
Because Covid 19 brought to the world that home is not just a place you come at night to sleep and relax; instead, it is a place where you can spend your whole day doing your work, enjoying coffee breaks, entertainment, and relax.
To make housing a complete package, property developers are using new designing practices and techniques to cater to the new requirements and needs of the buyers. If you are on a hunt to find properties in Dubai, you will see that most of the residential units built in 2021 are spacious, contain balconies, terraces, includes office corners, etc.
Better Digital Facilities
Due to Covid 19, virtual property portals came into trend. The global pandemic altered and shaped several aspects of real estate purchase and sale.
Now, most of the property portals offer 3d tours of properties for sale or rent. This helps the interested buyers to perceive an idea of how the residential unit looks while sitting in their home. Portals also list every facility in detail.
More Space
Owing to the pandemic, bigger living spaces saw an increase in demand. As explained above, people realized that home is not a place where you come only at night after spending your day at work and in cafes later. A house should be bigger and more spacious to make it a proper home.
Better Sanitation and Safety
This goes without saying that sanitation, safety, and healthy measures to prevent the spread of diseases have become a top priority for property developers. Residential projects now offer adequate disinfection facilities and implement advanced health protocols as well.
Summing it up, the pandemic is doing better to the real estate market than bad. It has improved the quality of housing, made real estate developers more concerned about safety, and has allowed technology to evolve swiftly.
