The luxury segment is still in short supply for buyers, and the ready-to-live-in segment in particular is highly sought after.
Despite new announcements in the primary market in the luxury segment, the sales trajectory will continue with unprecedented momentum in the final quarter of the year.
The population has been increasing, reflecting rental growth, and the UAE is set to attract the largest number of ultra-high net worth individuals in 2022, who in turn will require spacious penthouses or larger units (in the case of the apartment segment), as well as luxury residences such as detached villas with attractive lifestyles.
Nevertheless, luxury homes remain profitable as they are underpriced compared to other major cities around the world, making them an ideal time to buy, such as London, Paris, New York, Monaco and Hong Kong.
Today, as our market share continues to grow, we cover projects in areas such as Dubai Marina, Palm Jumeirah, Business Bay and Jumeirah Shoreline.
Ax Capital has been working tirelessly behind the scenes to develop a new product that will enhance the buying journey of different types of clients with a keen interest in Dubai.
This technology tool will help buyers make informed decisions based on a set of algorithms and behaviors supported by real-time data. Currently, our core challenge is limited to the current supply of luxury residences.
The latest agreement between Ax Capital and Continental Investments will include a variety of residential real estate projects that will be launched in different waterfront areas over the next 6 months.
The combination of our client and their real estate development expertise demonstrates our commitment to the Dubai real estate sector and marks a new benchmark for affordable, quality residences.
For Ax Capital, this entails prioritizing the value of our investors' assets in terms of return on investment and/or capital appreciation, a typical metric that will enhance the experience of our client base and instill trust in the business with our 300+ consultants.
Our aim is not only to sell projects, but also to provide long-term services to our clients, including leasing, asset disposition based on smart exit strategies and property management.
As cities continue to expand rapidly, transportation and innovative solutions are critical in such a fast-paced living environment. Available transportation means need to evolve in tandem with new communities. This brings value and desire to buyers to move further away from the congestion in the heart of the city.
Technology and the way it is used in our industry will also evolve, with artificial intelligence becoming an integral part of agencies to identify, capture and reach out to clients who are looking for properties, and buyers and/or sellers will be able to use it to get better sales results or purchases.
In addition, the development of augmented reality technology will provide a better experience for those buying a home, as it can provide an experience as good as the actual contact.
Most importantly, blockchain for real estate transactions will be in place and I believe live transactions for ownership transfers will be completed in less than a minute.
As the way we work, live and play as Millennials and Gen Z continues to change, the residential real estate lifestyle will include more services to facilitate the mid-level and premium markets.
