{"id":29381,"date":"2020-06-09T14:54:21","date_gmt":"2020-06-09T11:54:21","guid":{"rendered":"https:\/\/www.amlak.net.sa\/?p=29381"},"modified":"2020-06-09T14:54:21","modified_gmt":"2020-06-09T11:54:21","slug":"%d8%aa%d9%88%d8%ac%d9%87%d8%a7%d8%aa-%d8%b3%d9%88%d9%82-%d8%b9%d9%82%d8%a7%d8%b1%d8%a7%d8%aa","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/29381\/","title":{"rendered":"5 trends that are shaping the future of the UAE's real estate market after the coronavirus pandemic"},"content":{"rendered":"

Lootah Real Estate Development has identified 5 trends in UAE real estate market<\/a> In the post-COVID-19 period. Short- and medium-term changes will occur after the pandemic is over, and the company's assessment of the variables will be Applying safety measures<\/a>Preventive sterilization procedures and automation. Preferring low-density real estate and harnessing digital transformation for the benefit of the UAE real estate sector. .<\/p>\n\n\n\n

Focus on safety, sterilization and automation<\/strong><\/h4>\n\n\n\n

The focus was on Safety, sterilization and automation at the top of the trends he mentioned <\/strong>The CEO of Lootah Real Estate Development Company, Saleh Abdullah Lootah, confirmed a new path in terms of meeting the requirements of the market, which will focus mainly on health and safety in the face of the crisis. He pointed out that the UAE's ranking among the best countries to live in reflected positively on many sectors, especially in the real estate market, which will help the recovery of the sector. The credit for this recovery will go to the UAE, which is the safest country in the world. This will also pave the way for the development of new properties with a distinctive style that harnesses technology in the application of safety measures, sterilization and prevention measures.<\/p>\n\n\n\n

\u00a0Lootah said: \u00abAbu Dhabi and Dubai are the two best cities to live in the Arab world, according to the Economist Intelligence Unit's Global Living Index released in March 2020. This achievement will boost the growth of the real estate sector and accelerate its recovery from the repercussions of the coronavirus crisis.\u00bb<\/p>\n\n\n\n

Favoring low-density real estate<\/strong><\/h4>\n\n\n\n

Lootah said: \u201cThe demand for low-density properties will increase as most investors, buyers and tenants will opt for larger spaces to cope with the new situation as the COVID-19 outbreak has highlighted the operational risks of transmission in high-density properties, where the higher the density, the more likely it is to transmit the disease to others. Therefore, the real estate sector will take a new path in designing real estate space in order to maintain standards that ensure social distancing. In addition, other real estate trends include improving living amenities, developing properties that cater to different needs, and harnessing the potential of digital transformation.\u201d<\/p>\n\n\n\n

Better living benefits<\/strong><\/h4>\n\n\n\n

Real estate developers will see the need to evaluate building conditions and provide better infrastructure through continuous improvements. In addition, building layouts will see a major revamp with additional space and design features that support emergencies and enhance various aspects of safety, which will add value to potential investors and tenants.<\/p>\n\n\n\n

Real estate that caters to different needs<\/strong><\/h4>\n\n\n\n

As people are now more cautious about health and safety standards due to the spread of the novel coronavirus, developing properties that meet various commercial, residential, and industrial needs in one location will become one of the most sought-after properties in the new normal. Therefore, many real estate developers are aiming to build residential projects that are closer to or include health and commercial centers, supermarkets, and educational institutions.<\/p>\n\n\n\n

Harnessing the potential of digital transformation<\/strong><\/h4>\n\n\n\n

The idea of virtual reality existed in the real estate industry before COVID-19. Its application allows potential buyers to see a property without having to visit it. Most real estate developers are expected to develop virtual showrooms and employ touch-free sensing technology to develop voice-activated elevators, hands-free light switches, and rooms that can be controlled from a smartphone.<\/p>","protected":false},"excerpt":{"rendered":"

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