Unlike most economic sectors in Pakistan, Pakistan real estate is a rather stable one. The only setback it poses to the investors is that they might have to wait a bit longer to cash on the highest value of their property, which eventually is worth the wait. The rising population of Pakistan and its geo-strategic location suggests that the country has a bright future, which is well foreseen by the real estate dons of the world i.e. UAE nationals.
Since the real estate business in Emirates seems to have reached its saturation point, the Emirati investors are now hunting for new play fields. Pakistan appears to be the perfect spot for them as the government here extends special privileges to the investors from the UAE and anticipates great future of economic ties between the two nations. The officials from both the countries are busy finalizing the investment deals.
Many renowned investors from the UAE have stakes in telecommunication, construction, and IT industry of Pakistan. When it comes to facilitating investors from other countries, Emiratis are favoured by both the private as well as the public sectors in Pakistan because of the religious bond between the two countries as well their similar stance on international issues.
The extensive development initiated in hospitality and construction sectors in Pakistan interests Emiratis. The willingness shown by them to invest in Pakistan real estate sector is backed by the fact that United Arab Emirate is the second largest investor in different sectors of Pakistan with a sum reaching over $13 billion.
Pakistan plans to learn from the achievements and setbacks experienced by the realty market of the UAE and is looking forward to establish close ties between the two governments in this regard. What the UAE did to combat with the realty crises is where Pakistan intends to start from in order to avoid the similar circumstances. The plan for the establishment of Real Estate Regularity Authority is the first step taken by Pakistan in this regard.
Let’s see how future will shape the face of economic ties between the two countries.
Related News
