What’s the best way to invest in the UAE property market? – Pocketful of Dirhams


Alice Haine
  • English
  • Arabic

While last year’s coronavirus lockdown in the UAE led to drop in demand for real estate across the country, there are signs the market is recovering, particularly in popular areas and for higher-end homes.

Some residents are hunting for properties with gardens or more space as the work-from-home trend continues, while demand for short-term rentals is also on the up.

However, the idea of investing in real estate might seem a little risky for some when you consider the world is only just emerging from the pandemic.

So, what alternatives are there for investors that want a slice of the real estate market without saving up a huge deposit? Are UAE property prices really on the rise? And, what other global markets should you consider investing in now?

Host Alice Haine from The National is joined by Siddiq Farid, the founder and chief executive of SmartCrowd, a digital real estate investment platform that allows investors to crowdfund their property purchase.

Listen to last week's episode to find out more about financial feminism and why it matters

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Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

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The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

Cry Macho

Director: Clint Eastwood

Stars: Clint Eastwood, Dwight Yoakam

Rating:**

Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

UAE currency: the story behind the money in your pockets
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