Abu Dhabi and Dubai are the most resilient cities in the Middle East, according to a new research by Savills and it will retain that ranking till 2028.
Abu Dhabi is currently rated 22nd most resilient city globally according to The Resilient Cities Index by the global real estate advisor that examined both cities’ ability to withstand or embrace the technological, demographic, and leadership disruption facing global real estate today and in 10 years’ time.
“For real estate investors, our Resilient Cities Index shows that the long-established global cities will withstand much in the next decade, which is why they’ve seen high levels of investment as they are perceived as ‘safe havens’ for capital,”
Simon Hope, head of global capital markets at Savills.
Investors looking for long-term returns would find growth in Middle Eastern, Indian, and tier-two Chinese cities, Savills explained, as their markets are “likely to grow in the face of global disruption” in the coming decade, but remain relatively untapped at present.
In a city known for its luxurious parties and extravagant lifestyles, there has been a surprising trend as of late in Dubai. It seems that families and individuals across the city have been taking their finances more seriously, and looking to cut back on big expenses. While parents are looking to reduce school fees and commuters are ditching the expensive car hires for the cheap and cheerful metro, the one sector where this new push for savings is most apparent is the real estate market. As rent prices fall dramatically in some areas and rise in others, renters are jumping ship on their high-cost high rises and, in many cases, saving a bundle. While some may be putting this extra savings into existing debts, many Dubai residents are pocketing their cash away for a rainy day.
Savvy savers, however, know that one could turn blue in the face waiting for a rainy day in Dubai, and are looking to make their nest eggs work for them, not just collect dust in a low interest savings account. They know that smartly allocated savings today could snowball into a huge win in the future, perhaps funding a child’s university education or taking years off an expected date of retirement.
Making your savings work for you through investments is like finding free money. Imagine the small thrill you feel when finding a hidden 200 dirham bill in your trouser pocket while doing laundry – now imagine the excitement when finding a few thousand AEDs regularly
Real estate has long been a reliable investment tool, but a small savings from a lifestyle restructure may not be enough to go out and purchase a full investment property. Thankfully, crowdfunding allows savers to invest smaller amounts in real estate, skirting the hassle and huge upfront capital costs of purchasing a full property. Crowdfunding real estate platforms such as Smart Crowd allow buyers to invest a small amount and see returns on their investments almost immediately.
What is Real Estate Crowdfunding!?
With a group of individuals investing in one property, all of the costs and all of the risks are reduced. Once returns start rolling in, you can start saving for your next Smart Crowd investment, potentially turning your small savings into big money. If you are one of the many in Dubai looking to restructure your savings, don’t let your money just sit around doing nothing for you. Invest with Smart Crowd and start turning your savings into an investment portfolio that will pay off for years to come.
Our CEO Siddiq Farid, sat down with Lynnette Abad, Director of Research and Data for the latest session on Property Finder talks. The discussion focused on how Smart Crowd is changing the landscape for real estate investments making it possible for everyone to build a diversified real estate portfolio.
With low minimum investment amounts starting from AED 20,000, Smart Crowd breaks down a real estate asset into shares enabling investors to get on the property ladder and diversify their portfolio. With a personalized dashboard, investors have full transparency of their investments and its performance. Investors can earn rental income through dividends and build a diversified portfolio.
Watch the full interview to find out how Smart Crowd could be part of your investment portfolio! Special thanks to Property Finder for the coverage.
Smart Crowd Limited (Smart Crowd) is regulated by the DFSA. Smart Crowd’s DFSA Licence is a restricted “Innovation Testing Licence” and it is restricted under the DFSA Licence to testing its platform. Due to the limited nature of its Licence, normal Client protections may not apply and Clients may have limited rights if they suffer loss as a result of taking part in testing.
RISK WARNING: Investments in property and unlisted shares carry a risk.Your capital may be at risk and you may not receive the anticipated returns. This is not investment advice. These estimates are based on past performance and current market condition which cannot be regarded as an accurate indicator of future results. You should do your own due diligence or consult with an independent third party advisor. Please review the full set of risk disclosure.