Mr. Umar Farooq Zahoor, former director AMERI GROUP - One of the most influential personalities in today’s world. Sheikh Umar Farooq Zahoor has won so many awards over the years for being the best Norwegian-Pakistani businessman. Today, he is a successful billionaire businessman living a magnificent life in Dubai. Umar Farooq Zahoor, a former director of MERI GROUP and well-known investor and entrepreneur. His smart career choices and keen investment decisions have made him the proud owner of several companies over the years. Along with making capital, Sheikh Umar Farooq Zahoor is a generous man who always helps the needy and is involved in sever CSR that is corporate social responsibility activities.
August 30 2020
Even though the market is going down because of the pandemic and the industries are failing to pay the usual workforce citing the financial loss, Dubai’s real estate market is on the rise. The previous tenants are keener on buying the properties and becoming house owners themselves. High loan value to ratio, low mortgage rates and the ever-increasing price of farms, gives the audience confidence to indulge in the practice.
However, because of the pandemic, the market has seen a loss in prices, and this has attracted lots of tenants and external forces to invest a significant amount for bigger profit in the upcoming years. In total, more than 55% of buyers have bought properties after the prices went low for real estate. The property prices relatively started to decrease after the government began focusing more on green energy project and started to lower the focus on oil.
Even though the transactions were down by 40%, it went up again in March and June significantly. More than 100 properties were sold just near the shopping hubs. People are looking for units near the market or busy streets to be connected to mainstream.
Dubai is a major tourist destination and garners more than a billion Dollars just thorough the same. People from all around the world come to Dubai to earn and wants to settle there. Dubai provides world-class amenities to its residents, and the government also offers various facilities.
According to Sheikh Umar Farooq Zahoor, a Pakistani-Norwegian businessman, “buying a property in Dubai is a favorable option because of the growing industrialization and booming market. Dubai provides financial safety to the working sector, and the education sector is also world-known.” Sheikh Umar Farooq Zahoor is a philanthropist and a businessman based in Dubai. He is well known for his business endeavors and successful decision making. Whatever business he invested in, he has tasted great success in all of them.
The amenities that Dubai provides are unmatched such as tax benefits. If you own a property in Dubai, you won’t have to pay taxes. This is one of the main reason that attracts people to buy property in Dubai.
Apart from the tax relaxation, the properties at the prime location are much more affordable in Dubai. You can buy cheaper properties at places from where you can Burjkhalifa. Now wonder, where else you can get a property at this much range in the US, UK or somewhere else? Nowhere, right?
Owning a property in Dubai is a good option as the region never sleeps, and the market is always thriving. Dubai is a promising place for business people and service members as the living is highly affordable. It’s a great option to buy property by investing than to pay the right amount of rent every month. Dubai is a leading region when we talk about MENA countries. Even in the sector of green energy, Dubai is investing a lot. So we can assume that in upcoming years, Dubai will be one of the most ecofriendly countries to live in.
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