EZayed Auctions Talks about the Change in Real Estate in Dubai

The Dubai real estate market has undergone a vast change in the last one decade.

The late Sheikh Rashid bin Saeed Al Maktoum played an influential role in changing the real estate industry of the emirate. He founded the Dubai Creek natural harbor in the year 1905 and in the later years he built the 3 most important properties of the city – the Ali Jebel port, Dubai Dry Docks, and the Dubai International Trade Centre. The series of mind-boggling constructions started in the 1990s with the astounding Burj Al Arab – a 7-star property.

The order passed by the Crown Prince General of the city, Sheikh Mohammed bin Rashid AlMaktoum in the year 2002 was another great achievement for the real estate here. He allowed foreigners to invest in Dubai.

A senior official of eZayed Real Estate Auctions, a renowned organization in the Real Estate Market of Dubai said, “2002 was a game changer for the real estate. With foreign investments coming in, the market was bustling with new projects. However, the recession from 2007 to 2010 had a bad effect on the market and many people were sacked from this industry too. Post 2012, the industry is back on track and we look forward to a refulgent future”

The company gets many queries daily for a wide range of properties. The most common queries are to buy property in Dubai Marina, buy apartment in Jbr, and more.

In fact, the company has played a pivotal role in Online Real Estate Auctions Dubai. With their rigorous marketing, they have promoted online auctions and have clarified doubts of prospective buyers who were unsure of trading online.

The Marketing Head of the company said, “It took us some time to convince people that online auctions are safe and indeed more beneficial & simple than the traditional process. But, now many people have shed their inhibitions and are coming forward with their requests. It is overwhelming to get so many queries daily.”

The company also gets requests from customers from the world over to buy property in Green Community Apartments, buy villa in Arabian Ranches, and other areas.

In his closing speech the CEO of the company said, “We are honored by the response we have received for online auctions. Our aim is to make the Dubai Real Estate the leading industry in the world. Our growth pattern suggests that we are almost there!”