Key people Mohanad Alwadiya (CEO) Headquarters Dubai Type of business Private | Website www.harbordubai.com Founded 2008 | |
Mohanad alwadiya harbor real estate interview on emirates news dubai one tv
Harbor Real Estate is a real estate company that offers transactional and advisory solutions to individual and institutional sellers and buyers. The company was founded in 2008, and is located in Dubai, United Arab Emirates.
Contents
- Mohanad alwadiya harbor real estate interview on emirates news dubai one tv
- Harbor Real Estate Services
- Publications
- Research
- Harbor and The Wolf of Real Estate
- References
Harbor Real Estate is an active member in the Dubai Chamber of Commerce and Industry and the Dubai Land Department.
Harbor Real Estate Services
Publications
Harbor Real Estate launched The Harbor Report in April 2008. Real estate reports are published by Harbor Real Estate periodically, tackling the latest issues and trends in the real estate industry. The latest report done was on the demand for affordable housing in the emirate, and the rest of the UAE.
Research
Harbor Real Estate published a study in October 2009 showing that 61% of consumers who bought property in the years 2008 and 2009 were dissatisfied with the performance of real estate agents who brokered their purchases.
The study involved 178 property owners over a four-month period in a series of face-to-face interviews. Participants evaluated property brokers according to knowledge and skills, ethics and behavior, consultative ability, and empathy. The respondents were asked to rate their individual experiences on a 5-point scale ranging from excellent to very poor. Of those interviewed, 61% of respondents rated their brokers as either poor or very poor.
Of those interviewed, 73% had purchased their property prior to the recession — set as October 2008 — while the remainder had purchased their property after October 2008 (post-recession). About 23% of those interviewed purchased within the last four months.
About 12% of consumers who made their purchase prior to the recession stated that their experience was excellent or good. In the post-recession period, that number fell to about 11%, although satisfactory ratings improved from 25% pre-recession to 31% post-recession. In the post-recession market, 58% of respondents rated their experience as poor or very poor, bringing the two-year average of dissatisfied customers to 61%. The main causes of buyer dissatisfaction were in the areas of knowledge, consultative ability and empathy.
Harbor and The Wolf of Real Estate
In the April 2014 issue of the Property Times magazine, the then-MD of Harbor Real Estate, Mohanad Alwadiya, was dubbed "The Wolf of Real Estate" for having been a continuous presence and being a key influencer in the local real estate industry. A prolific contributor and main industry resource for a number of English and Arabic publications, radio and TV programs, Mohanad Alwadiya is now the CEO of Harbor Real Estate, the content producer and presenter of the Middle East's only property reality TV show called Memaar, and continues to teach as a Senior Advisor and Instructor at the Dubai Real Estate Institute (DREI) which is the real estate training and certification arm of the Dubai Land Department (DLD).