Investors Should 'Buy' the Right Property Manager First to Capitalise on Dubai's Booming Real Estate Sector Says Manage My Property
DUBAI, UAE, March 22, 2023 /PRNewswire/ -- Manage My Property (MMP) is urging regional and international investors and landlords to work with proven property management firms to secure hassle-free property ownership and management experiences and realise maximum return on investment (ROI). The advisory comes on the back of a boom in Dubai's real estate sector; annual real estate transactions in the emirate crossed half a trillion dirhams for the first time in 2022, a significant 76.5% increase over 2021 [1].
- This incredible milestone demonstrates the robustness of Dubai's real estate sector post pandemic but has also given rise to hundreds of opportunity seekers setting up property management firms in the market in the last 12 months alone.
- These firms lack experience and knowledge of Dubai's property sector and the laws that govern it, which could ultimately spell disaster or create unnecessary challenges for investors and landlords.
- Marcello Arcangeli, CEO of Manage My Property says, "With any transaction, it's critical to 'buy' the people involved first to avoid problems later.
- In this case, investors eager to capitalise on Dubai's vibrant real estate sector should seek out property management firms with a proven track record of success, so their property ownership and management experiences are hassle-free, and they enjoy maximum ROI right from the off.