KEEPS GROWING

UAE, Sharjah 2017 | CONSTRUCTION & REAL ESTATE | COLUMN

TBY talks to Omar Bin Salem, Deputy General Manager, Potential Real Estate, on the sector.

Omar Bin Salem

How has the portfolio of Potential Real Estate evolved over the last year?

The market situation of the UAE is strong; it is one of the strongest in real estate. During the last year, we have seen the development of the overall real estate sector, especially in Abu Dhabi, Dubai, and Sharjah. Sometimes, the market goes up and sometimes it is stable, but in Sharjah the market has been good. Every property has remained stable, and rent in some areas has even increased. The good performance of the market keeps attracting new investors, so our portfolio keeps growing.

How do you expect real estate prices to evolve over the next two to three years?

We expect further diversification, with investors coming from countries such as Saudi Arabia, Kuwait, Bahrain, India, and Pakistan, among others. Their investments complement those of our local developers, who have not let up in the least. HH Sheikh Dr. Sultan bin Muhammad Al Qasimi is creating an environment and a platform that meets the needs and requirements of customers from every nationality.