How long did you have to wait for an elevator when you last visited a commercial building in Dubai? For the real estate professionals at Candour, even that piece of seemingly insignificant information has importance—because it is added to the wealth of data and observations they amass daily, and their deep knowledge of Dubai real estate—for assessing the right moment to venture into the waters of commercial real estate investments.
Long waits for elevators, especially in emerging sectors of the city, can mean that commercial buildings are filling up, the glut of commercial real estate is evaporating, demand is increasing, and prices may soon be rising.
Of course, no one would base a decision on a new commercial real estate investment on a single visit to a busy corporate tower. Candour studies all types of data and trends, every day, to be able to offer their clients such subtle and powerful advice as, “Yes, this is a low price point. You should look at investment options now. But don’t invest hastily; there may be a further reduction in the next two to five months. Take your time.”