Introduced by the latest Harbor Report
Dubai, January 11, 2010 - Harbor Real Estate, an integrated Real Estate Service Provider in Dubai, has announced the release of the latest edition of The Harbor Report which will dive into the" New Reality" and 2010 gist of the Real Estate industry in Dubai.
The "New Reality" examines various critical factors related to the Dubai economic recovery including the rejuvenation of the "Brand Dubai" and how Dubai is positioned, packaged and marketed to the world at large as a place to do business, inhabit or visit. Tourism is considered vital as investing in projects and programs that provide an experience of superior vale to international travellers will be one essential element for the recovery.
"Putting 2009 behind us will not be easy yet its imperative to put the year into context. The 2009 recession has taught governments, business institutions and individuals around the world valuable lessons. These lessons should provide a new depth of knowledge, experience and wisdom as we all look forward to the next decade" said Mohanad Alwadiya, Managing Director of Harbor Real Estate and Editor in Chief of the Harbor Report. "yet 2020 is still 10 years away and what we need to focus on now is the immediate future and what we call at Harbor "The New Reality"." Added Alwadiya.
Rapid population growth in Dubai will be the key to economic prosperity and will be determined by the success of growth strategies set by the government in the commercial, trade, tourism sectors. With a population that has declined significantly, anywhere between 5% and 8%, population growth will be the primary factor to stimulate the economy and rebooting the real estate industry again.
UAE GDP is also envisaged in the report to grow around 3% as infrastructural spending will continue to drive the economy funded by an oil price which will annualize at a price between $75 and $85 pbl.
"The Real Estate industry in Dubai will continue to be stressed as more projects are completed. The Dubai economy will be reliant upon other forms of revenue generating activities as the economic model of the emirate is re-configured in response to the new realities. " Commented Alwadiya.
The report covers other elements considered vital such as the race for global capital, the issue of oversupply, the impact of mergers, rationalisations, consolidations, the role of RERA, creation of new relationships and the massive shift in market power.
In addition, the report announces the new partnership between Harbor Real Estate and Prestige and discusses Strata Law and the ongoing issue of service charges.
The 3rd edition of the Harbor Report can be downloaded on the Harbor Real Estate website. For more information about Harbor's new communications and legal services please visit www.harbordubai.com
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About Harbor Real Estate
Harbor Real Estate is a fully integrated real estate service provider based in Dubai and part of an established world class group of real estate companies since 2001. With a strong reputation and a veteran team with over 15 years of experience in the industry, Harbor Real Estate provides Real Estate Research Services, Integrated Sales & Marketing Services, Sales and Lead Conversion Management Services and Real Estate Investment Portfolio Management Services.
Having served over 5,000 satisfied customers, Harbor has an extensive clientele base that consists of public and private entities, major developers, private and institutional investors and owner-occupiers..
Harbor Real Estate brokerage has a dedicated team of realtors and consultants who are renowned for their expertise, high level of professionalism and insight into local and international markets. The company is committed to providing its customers world class service and innovative real estate solutions.
In 2009, Harbor Real Estate established a quarterly real estate report "The Harbor Report". This candid report covers the latest news, developments and trends in the real estate industry with an in-depth analysis of the latest topics and current affairs.
The Harbor Services include:
REAL ESTATE RESEARCH SERVICES: Harbor believes that fact-based analysis generated from insights emanating from market research is the prerequisite to recommendations and tailor-made solutions that provide optimum results for its clients. Harbor's market knowledge, experience, industry research and research auditing expertise are proven.
INTEGRATED SALES & MARKETING SERVICES: Developers will benefit from Harbor's innovative marketing, communication and consulting services. Developed by Harbor's dedicated experienced marketing & sales professionals, tailor made strategies are formulated to allow developers to fully capitalize on whatever opportunities exist in the marketplace and drive above benchmark results.
SALES, LEASEING AND LEAD CONVERSION MANAGEMENT SERVICES: Harbor's Sales and Lead Conversion Management process transforms the normally lengthy and complicated transactional procedure into a systematic and disciplined solution. This unique ground-breaking approach fuels greater returns for our clients.
REAL ESTATE INVESTMENT PORTFOLIO MANAGEMENT SERVICES: The Harbor Team consists of highly experienced and culturally diverse Realtors and consultants. The team prides itself in providing world class consultation services to investors of land, commercial and residential Real Estate in the UAE.
HOLISTIC REAL ESTATE LEGAL SERVICES: The Harbor professionally managed and certified legal arm offers the most experienced property legal services in the region. Its main offices are located in Dubai with associate offices in the GCC and Europe.
For further information, please contact:
Mohanad Alwadiya
Managing Director - Harbor Real Estate
Email: mohanad@harbordubai.com
Shatha Al Khatib
PR Account Manager - Harbor Communications
Mobile: +971 50 2908921
Phone: +971 4 325 1616
Email: shatha@harbordubai.com
© Press Release 2010
