Damac's Sajwani on Dubai's Property Sector

The video discusses the strong demand in Dubai's property market, driven by global interest and managed well during the pandemic. It covers the company's strategic delisting during a property boom, potential recession impacts on Europe and Dubai, and the trend of luxury real estate collaborations with fashion brands. Additionally, it explores the use of cryptocurrency in real estate transactions, highlighting the risks and strategies to mitigate volatility.

What factors have contributed to the current demand in the Dubai property market?

• Increase in local taxes

• Decrease in tourism

• Management of COVID-19 and the Expo

• High interest rates

Why did the company decide to delist during a property market boom?

• To avoid economic recession

• Because of declining stock prices

• Due to a planned strategy from 2019

• To focus on international expansion

What is the expected impact of a potential recession in Europe on Dubai's property market?

• Shift towards commercial properties

• Decrease in property prices

• Increase in demand as a safe haven

• Stagnation in market growth

How has technology influenced business operations in Dubai's property market?

• By reducing the need for physical offices

• By increasing the cost of transactions

• By complicating communication

• By limiting international investments

What is a recent trend in Dubai's real estate market involving fashion brands?

• Collaborating with fashion brands for luxury condos

• Building eco-friendly homes

• Focusing on affordable housing

• Developing technology hubs

Why does the company allow transactions in cryptocurrencies?

• To increase transaction fees

• To help customers cash out their crypto holdings

• To avoid currency exchange rates

• To attract tech-savvy investors

How does the company manage the risk associated with cryptocurrency transactions?

• By selling crypto immediately

• By using crypto for internal expenses

• By holding crypto for long-term gains

• By converting crypto to gold