Like the rest of the world, the pandemic has upended UAE like never before. More than 70% of the SMEs are either working at half capacity or face the threat of closure. However, smart individuals with business acumen understand there is still money to be made right now – and lots of.

In such uncertain times, if someone would tell you to invest in real estate, you’d think the virus has gotten to their head, right? But the reality is, the real estate market in UAE is expected to soar post pandemic.

Why Real Estate Will Jump Up

One man’s trash is another man’s treasure. As a consequence of the pandemic, a lot of people are forced to flee to their native countries – leaving or selling their precious possessions at extremely cheap rates. This is the opportunity you as an investor can pounce upon.

As people are pressed to sell their properties, there will be no better opportunity in this century to invest. The ideal scenario is to get a few apartments on a yearly contract, and rent it out to families/bachelors on a room/partition basis.

The other, and more conventional option is to buy an upscale property, improve its appearance and later sell it at a high profit. Both these routes can even help you become a serial real estate investor – given that you choose to diversify and buy multiple properties with the right strategy in place.

Take One Step a Time

Don’t get too carried away with the prospect of flipping houses and making a fortune; start off with a single property and put some money behind its repairs and renovation. Use the magic of photography, Dubizzle, and social media advertising to your advantage when attracting buyers and tenants.

Lastly, make sure you consult with a real estate expert who can navigate you through all the processes, and help you take wise decisions.