Al Wasl One: A Major Development in Dubai's Landscape


Intro
Al Wasl One stands as a beacon of modern architecture amidst the sands of Dubai, weaving together luxury, community, and investment opportunity. This development is not merely a collection of buildings; it represents a thoughtfully crafted environment, designed to meet the demands of a diverse demographic, from ambitious investors to families looking for comfort and security. Its strategic location and multifaceted amenities have made it an integral part of Dubai's real estate landscape.
With an ever-evolving market, one may wonder: what makes Al Wasl One a standout venture in a city known for its groundbreaking developments? How does its establishment affect current property trends and future forecasts? These questions lead us to delve deeper into the fabric of Al Wasl One, exploring its architectural prowess, investment attraction, community focus, and its potential ripple effects across Dubai's property market.
In this piece, we meticulously unravel the elements that contribute to the essence of Al Wasl One. We will not only illuminate the immediate gains for potential homeowners and investors but also spotlight the broader implications for the real estate sector in this vibrant city.
Property Market Trends
Current Trends and Statistics
The Dubai real estate market is a dynamic landscape that continues to shift with global economic trends and local demographic changes. Al Wasl One is nestled within a sector that has seen resilient growth trajectories, especially in the wake of the Covid-19 pandemic. Property prices have witnessed fluctuations, but certain areas have emerged as strongholds of stability and growth.
Recent statistics indicate that properties in strategic locations like Al Wasl One have appreciated by roughly 8-10% over the past year. This upward momentum could be attributed to several factors:
- Increased foreign investment: Dubai remains a hotspot for global investors, with many seeing real estate as a secure long-term investment.
- Population growth: The influx of residents looking for housing options has maintained the demand for properties.
- Government initiatives: Policies favoring expats and investors have also sweetened the pot, providing incentives for potential buyers.
Future Market Predictions
As we gaze into the crystal ball, several predictions come to the forefront regarding the future of the Dubai real estate market:
- Sustained Growth: Analysts are optimistic that the overall market will continue to grow, particularly in developments like Al Wasl One where demand outstrips supply.
- Smart Living and Sustainability: Future developments will likely prioritize smart technology and eco-friendly solutions, setting a standard that Al Wasl One already embodies.
- Diversified Buyers: There is an anticipated increase in buyer demographics, including a rise in younger investors who prioritize lifestyle and convenience along with investment potential.
Investing in Al Wasl One may not only yield immediate returns but could also serve as a strategic asset in the long term, considering the projected market optimistic outlook.
Buying and Renting Properties
Essential Steps for First-Time Buyers
For first-time buyers interested in Al Wasl One, the journey can feel daunting. However, breaking it down helps simplify the process:
- Research the Market: Familiarize yourself with property prices in Al Wasl One and surrounding areas to find a balance between budget and aspiration.
- Know Your Finances: Assess your financial readiness, including down payments and monthly budgets.
- Engage a Real Estate Agent: A reputable agent can provide insights and facilitate negotiations.
- Visit Properties: Always make time for viewing; experiencing a property firsthand can clarify decision-making.
- Understand Legalities: Familiarize yourself with the buyer’s legal rights and documentation required for purchasing property in Dubai.
Renting Best Practices and Considerations
Renting in Al Wasl One possesses its unique characteristics. Here are some best practices for potential tenants to consider:
- Confirm Lease Terms: Always check the duration and renewal terms.
- Evaluate Amenities and Services: Gauge what amenities are included, as these can significantly affect your lifestyle.
- Assess Security Features: Safety should be a priority while selecting a property.
- Negotiate Rent: Many landlords are open to negotiation, particularly in current market conditions.
- Conduct a Walk-Through: Ensure the property meets your expectations before signing any agreements.
Intro to Al Wasl One
Al Wasl One isn’t just another project on the bustling canvas of Dubai's skyline; it represents a bold statement about the future of urban living and integration. With its ambitious design and strategic positioning, this development holds significant promise not only for homebuyers and investors but also for the broader real estate landscape of the emirate. Understanding Al Wasl One means recognizing how it fits into the larger framework of Dubai’s ongoing evolution.
Overview of the Development
Al Wasl One is a meticulously planned mixed-use development that covers a vast area. This project is designed to combine residential, commercial, and communal spaces. At its heart lies the Al Wasl Plaza, an iconic centerpiece that symbolically connects different communities within Dubai.
The project aims to address the growing need for integrated lifestyles where work, leisure, and living spaces are interconnected. Notably, the design incorporates not just living units but also offices, retail spaces, and green parks. This multifunctionality caters to a wide demographic, bridging traditional and modern living in a city known for its rapid pace of change.
Significance in Dubai's Real Estate Landscape
The significance of Al Wasl One in Dubai's real estate market can’t be understated. As demand for real estate continues to grow, developments like Al Wasl One provide a blueprint for future projects. This development highlights key trends, such as mixed-use living and sustainable urban design, that are shaping the market.


Investors keen on reaping the benefits of Dubai's thriving property sector will find Al Wasl One an attractive prospect. The project reflects a commitment to not just meeting housing demands, but also enhancing the quality of community life. Its central location, proximity to transportation hubs, and state-of-the-art amenities offer a unique proposition for those seeking both lifestyle enhancements and solid investment opportunities.
In summary, Al Wasl One does more than add to the architectural diversity of Dubai. It encapsulates a vision of what future urban living can be—convenient, interconnected, and vibrant. As we dive deeper into its architectural features, strategic location, and investment potential, it becomes clear why this development stands out as a noteworthy undertaking in one of the world’s most dynamic cities.
Architectural Features of Al Wasl One
The architectural features of Al Wasl One are crucial both in terms of aesthetic appeal and functional design. This development is not just another skyscraper; it embodies a thoughtful design philosophy that resonates deeply with Dubai's evolving skyline. Every element, from the grandeur of its facades to the layout of its spaces, has been meticulously planned to create an environment that balances beauty with practicality.
Design Philosophy and Inspiration
The design philosophy behind Al Wasl One draws from a rich tapestry of cultural influences. Inspired by traditional Arabic architecture, the development integrates modern elements to reflect the essence of contemporary Dubai. Designers have successfully blended old and new, creating a space that feels both familiar and innovative.
- Cultural Reflection: The intricate patterns often seen in Islamic art are subtly incorporated into the building's exterior, inviting onlookers to appreciate the cultural heritage without overwhelming the modern interpretation.
- Open and Airy Spaces: The layout boasts spacious interiors that encourage natural light, emphasizing transparency and openness. This approach not only enhances the living experience but also aligns with Dubai's climate considerations.
- Community Focus: The design aims to foster community interaction, featuring communal spaces strategically placed to encourage engagement among residents and visitors alike.
Materials and Construction Techniques
When it comes to materials and construction techniques, Al Wasl One stands out for its commitment to quality and innovation. The choice of materials is pivotal in achieving both durability and aesthetic value.
- High-Quality Materials: From reinforced concrete to glass facades, every material selected serves a dual purpose: ensuring longevity while also enhancing visual appeal. These materials can withstand the harsh climatic conditions of Dubai, providing both safety and comfort.
- Innovative Techniques: The construction process incorporated state-of-the-art technology, such as BIM (Building Information Modeling), to optimize efficiency and accuracy. This not only speeds up construction but also ensures that every detail is accounted for, minimizing the margin for error.
- Adaptability: The techniques used in building Al Wasl One allow for flexibility in space utilization, making it easier to adapt to future needs, be it a shift in design trends or changes in community requirements.
Sustainability Practices Implemented
Sustainability is at the forefront of modern developments, and Al Wasl One is no exception. Reflecting Dubai’s vision for a greener future, this development incorporates several sustainable practices.
- Energy Efficiency: The building features energy-efficient systems and smart technologies that reduce energy consumption while ensuring comfort for its occupants.
- Water Conservation: Advanced water management systems are in place, designed to optimize usage and to recycle water efficiently. This commitment to conservation addresses one of the region's pressing challenges.
- Green Spaces: Landscaping integrates greenery throughout the development, not just for aesthetic purposes but also to improve air quality and promote a healthy lifestyle.
Strategic Location and Accessibility
The strategic location of Al Wasl One plays a pivotal role in both its appeal and functional value in Dubai’s real estate scene. It’s nestled snugly amidst key districts, making it convenient for residents and businesses alike. Understanding this locality isn’t just about geography; it unravels a tapestry of opportunities, connections, and lifestyle enhancements that come with living or investing in this vibrant hotspot.
Proximity to Key Areas of Dubai
When considering any real estate investment, proximity matters. Al Wasl One is remarkably close to some of Dubai's busiest areas. Situated a stone’s throw from Jumeirah, you have the pristine beaches just minutes away. The hustle and bustle of Downtown Dubai, known for attractions like the Burj Khalifa and Dubai Mall, isn’t far off either. This proximity enhances both the livability and desirability of the development.
- Cultural Hotspots: Neighboring communities offer access to local markets, art galleries, and museums. For example, the Dubai Opera is reachable within a short drive, appealing to those who appreciate culture and arts.
- Commercial Centers: Being close to key business hubs such as the Dubai International Financial Centre (DIFC) provides significant convenience for professionals and businesses operating in the bustling Dubai economy.
- Educational Institutions: Families can benefit from nearby international schools, ensuring that quality education is never out of reach.
This kind of accessibility not only enriches the experience of living in Al Wasl One but also significantly increases its market value, making it a sound choice for investors seeking growth.
Transport Links and Infrastructure Development
Having a development with robust transport links is not just a luxury; it's a necessity in today’s fast-paced world. Al Wasl One is well-equipped in this arena. Recent infrastructure projects make commuting easier, presenting a noteworthy advantage for its future residents and business owners.
- Road Connectivity: Major roads, including Sheikh Zayed Road and Al Wasl Road, help ease the flow of traffic and ensure quick access to different parts of Dubai. This slashes commute times, allowing residents to spend more time enjoying what the community has to offer rather than being stuck in traffic.
- Public Transport: The vicinity of metro stations, bus terminals, and tram lines significantly enhances connectivity. The Dubai Metro’s Red Line is not too far, facilitating commutes to further regions without the need for a car.
- Future Developments: The ongoing expansion projects, including new metro lines and better bus services in this area, promise to make it even more accessible. Plus, the government’s commitment to enhancing public transport means that Al Wasl One will likely see an increase in local traffic flow, which can translate into greater commercial opportunities.
"Strategic accessibility in today’s real estate market isn't just about the here and now; it's about the potential for growth and the future vision of a community."
In sum, the strategic location and transport links surrounding Al Wasl One aren’t just minor conveniences; they are integral to its identity as a prominent development in Dubai. Investors should take note that this accessibility not only enhances the immediate appeal of the property but builds a resilient foundation for long-term value appreciation. For those looking to capitalize on Dubai's booming real estate market, Al Wasl One stands as a tempting proposition.
Residential and Commercial Offerings
Residential and commercial offerings in Al Wasl One represent a pivotal aspect of this development, aiming to cultivate a thriving living and working environment. This synergy between the residential and commercial sectors not only amplifies the allure of the location but also caters to a diverse demographic, accommodating families, professionals, and entrepreneurs alike. The dual focus on housing and business spaces is critical, as it creates a self-sustaining community that enhances the quality of life for its residents while fostering economic activity.
Types of Residential Units Available
Al Wasl One boasts a variety of residential units tailored to meet the needs of its future inhabitants. From spacious apartments to luxurious penthouses, the options cater to various lifestyles and budgets. The development offers:


- 1-bedroom apartments: Ideal for young professionals, these units are designed with contemporary aesthetics and efficient use of space, often featuring modern kitchens and stunning views of the city.
- 2-bedroom apartments: Perfect for small families, these units provide ample room with flexible layouts that encourage comfort and functionality. Many of these homes come equipped with balconies, allowing for fresh air and outdoor enjoyment.
- 3-bedroom family units: Larger families will appreciate the extra space and features offered in these homes, often including dedicated areas for play or study, enhancing the living experience for children and adults alike.
- Luxury penthouses: For those looking for an upscale lifestyle, the penthouses offer breathtaking views and high-end finishes that attract discerning buyers seeking exclusivity.
The strategic variety ensures that there is something for everyone. Each unit combines style with functionality, emphasizing contemporary urban living.
Commercial Spaces and Their Potential
In tandem with its residential offerings, Al Wasl One presents an array of commercial spaces that promise substantial potential for business development. The focus has been on attracting a mix of retail, dining, and office spaces, which are essential for the overall ecosystem of the area. Important aspects include:
- Retail Opportunities: Ground-floor retail outlets will give life to the development, facilitating interaction and accessibility for residents and visitors alike. These spaces are designed to attract both international brands and local businesses, nurturing a vibrant shopping experience.
- Dining Establishments: A curated selection of cafes and restaurants is expected to populate the area, providing residents with quality dining options that enhance community engagement. An inviting atmosphere for social activities can boost not only resident satisfaction but also foot traffic for retail businesses.
- Office Spaces: Co-working spaces and private offices cater to the needs of entrepreneurs and freelancers, creating a dynamic environment for innovation and collaboration. This encourages business synergy, as companies can tap into a pool of talent residing nearby.
The amalgamation of residential and commercial spaces in Al Wasl One is not just by chance; it's a deliberate strategy that aims to foster community interaction while supporting economic growth in Dubai's ever-evolving landscape.
In summary, the residential and commercial offerings in Al Wasl One are designed to cultivate a well-rounded community. The diverse types of residential units cater to varying lifestyle needs, while the commercial spaces promise to transform everyday living into a vibrant experience. Together, they present an enticing investment opportunity that speaks to the heart of Dubai's real estate market.
Community and Lifestyle Aspects
The significance of community and lifestyle aspects in the context of Al Wasl One cannot be overstated. This project is more than just a collection of residential and commercial spaces; it embodies a new way of living that intertwines modernity with the cultural aspects of Dubai. The vibrant community fosters a sense of belonging among its residents, which is crucial for long-term satisfaction and engagement.
Amenities and Facilities Offered
Al Wasl One boasts a plethora of amenities that cater to diverse needs and preferences, creating a well-rounded lifestyle for its residents.
- Recreational Spaces: Parks and green zones provide a refreshing escape where families can spend quality time, and individuals can unwind. These spaces are designed with walking trails, picnic areas, and play zones for children.
- Fitness and Wellness Centers: The development includes state-of-the-art fitness facilities, such as gyms, swimming pools, and wellness centers. These amenities encourage a healthy lifestyle and provide a venue for residents to engage in various sporting activities.
- Retail Outlets: The commercial spaces include a range of retail options, from boutique shops to larger stores. This accessibility allows residents to satisfy their shopping needs without travelling far from home.
- Dining Options: As Dubai is known for its global culinary scene, Al Wasl One has positioned several restaurants and cafés that serve both local and international flavors. This creates an exciting food landscape that appeals to various tastes.
Overall, the amenities at Al Wasl One not only enhance the quality of life but also foster community interaction.
Community Engagement and Events
Al Wasl One creates opportunities for residents to engage with one another and the broader Dubai community.
- Cultural Events: Regularly scheduled events celebrate local traditions and cultures, promoting community spirit. These events often include art exhibitions, food festivals, and performances that bring people together.
- Workshops and Classes: The development offers workshops on various topics such as art, cooking, and fitness. These classes not only provide entertainment but also create platforms for learning and interaction amongst neighbors.
- Volunteer Opportunities: Community engagement is enhanced through various volunteering initiatives that encourage residents to contribute to local causes. This helps build connections while fostering a sense of purpose among individuals.
Investment Potential of Al Wasl One
Al Wasl One is not just a physical development; it represents a significant opportunity for investors seeking to tap into Dubai's dynamic real estate market. In this section, we will examine various aspects that contribute to its investment appeal, discussing market trends and return on investment expectations while highlighting the unique benefits this project offers.
Market Analysis and Trends
The real estate market in Dubai has seen ebbs and flows, but Al Wasl One stands in a promising position, riding the wave of the city's recovery post-COVID. Current trends indicate an increase in demand for both residential and commercial spaces as people return to urban living and businesses seek prime locations to thrive.
Factors influencing the market:
- Population Growth: With an ever-expanding population, the demand for housing is increasing. Al Wasl One, situated in a key location, is perfectly poised to attract both local and international buyers.
- Government Initiatives: Dubai's government has been proactive in creating a favorable business environment, introducing regulations and incentives that encourage investment in real estate. The launch of various developments that support infrastructure further boosts confidence.
- Tourism and Expat Attraction: Dubai continues to attract tourists and expats from around the globe, enhancing the market's appeal. Projects like Al Wasl One not only cater to the residential market but also hold potential for short-term rental markets, which can provide income opportunities for investors.
"Investors are showing increasing interest in areas that signify growth potential. Al Wasl One's strategic location, amid various amenities, makes it a beacon for investment."
Return on Investment Expectations
When evaluating any investment, return on investment (ROI) is a fundamental metric. For Al Wasl One, investors can anticipate a positive trajectory based on market behaviors and projected growth. Several factors play into this expectation:
- Capital Appreciation: Historically, properties in Dubai have appreciated over time. Given Al Wasl One’s strategic position and the proposed infrastructure improvements around it, real estate here is likely to gain value, making it a solid investment choice.
- Rental Yield: The demand for rental properties in Dubai remains robust. Given the development’s offerings, both short-term and long-term rental strategies can yield impressive returns for stakeholders. Investors can project rental yields in the range of 5-7%, which is competitive by global standards.
- Resale Potential: Early investors in Al Wasl One may find lucrative resale opportunities as the project reaches completion and the area becomes increasingly desirable.
In summary, the combination of favorable market conditions and Al Wasl One's unique selling points positions it as a lucrative opportunity for both seasoned and new investors alike. As Dubai continues to grow and evolve, those who invest now may find themselves reaping substantial benefits down the road.
Regulatory and Legal Framework


Understanding the regulatory and legal framework surrounding Al Wasl One is crucial to grasp the stability and opportunities embedded in Dubai’s real estate landscape. This framework not only dictates the legalities of property transactions but also impacts long-term investments and community engagement. Navigating these regulations can make a significant difference for investors, homebuyers, and real estate professionals alike when considering Al Wasl One as a viable investment.
Real Estate Regulations in Dubai
Dubai has emerged as one of the leading property markets in the world, thanks in large part to its well-defined real estate regulations. Here are some important aspects to consider:
- Freehold Ownership: Foreign nationals can purchase property in designated areas on a freehold basis, allowing complete ownership. Al Wasl One falls within such an area, making it an attractive option for potential investors.
- Registration Requirements: After purchasing a property in Dubai, the buyer must register with the Dubai Land Department. This step ensures transparency and security, safeguarding the buyer's investment.
- Regulatory Bodies: The Real Estate Regulatory Agency (RERA) oversees real estate transactions and protects the rights of both buyers and sellers. Their strict guidelines enhance trust and reliability, a boon for those looking into Al Wasl One.
The above elements provide a sense of security, making the process less daunting for newcomers.
Ownership and Leasing Rules
Ownership and leasing rules are pivotal for both property buyers and investors in a dynamic marketplace like Dubai. Here’s what you need to keep in mind:
- Ownership Options: Investors can choose between different ownership structures, including full ownership, shared ownership, or leasing options. Al Wasl One offers diverse choices, catering to varying needs.
- Leasehold Arrangements: For those not ready to commit to purchase, leasing is a viable alternative. Typically lasting 99 years, lease agreements are customizable, providing flexibility.
- Regulatory Fees: Buyers are required to pay certain fees during the registration and transfer process, which can be around 4% of the property value.
- Tenant Rights: For potential tenants, knowing your rights and responsibilities is essential. The Dubai Rental Law governs tenancy agreements to protect both landlords and tenants.
- Renewal and Termination: Specific clauses in leasing agreements dictate renewal options and termination conditions, providing assurance to both parties.
Challenges and Considerations
When diving into the topic of Al Wasl One, the phrase "caveat emptor"—or "let the buyer beware"—is a fitting mantra. Although this development shines bright in the crowded arena of Dubai real estate, it is essential for investors and potential residents to be aware of the latent challenges and complexities that might surface. An investor's journey can often be riddled with unexpected hurdles, and understanding these is crucial in steering clear of pitfalls.
Before committing resources, it’s imperative to scrutinize various elements, such as market dynamics, regulatory landscapes, and individual financing plans. These factors play a pivotal role in either bolstering or hindering the investment's benefits. For instance, shifts in government policies or fluctuations in market demand could potentially affect the anticipated returns. Recognizing the volatile nature of real estate is not merely good sense; it's a necessity.
Potential Risks for Investors
Investing in Al Wasl One is not without its share of risks. Below are some key aspects to consider:
- Market Fluctuations: As the property market is subject to shifts beyond control, economic downturns can lead to decreased property values. Understanding the cyclical nature of real estate markets can help predict these scenarios.
- Regulatory Changes: Changes in laws or regulations, whether from local authorities or national agencies, could greatly impact ownership rights, taxes, or leasing laws. Keeping abreast of these developments is vital.
- Supply and Demand Issues: With multiple developments being launched, one must consider how Al Wasl One could stand amidst a potentially saturated market. A careful analysis of competitive projects in the vicinity will shed light on its ability to sustain demand.
- Construction Delays: Like a drip in a leaky faucet, delays in completion or handover can frustrate plans and lead to unexpected expenses. Ensure that the project has a solid reputation for timely execution.
As daunting as it may sound, these risks can be properly managed through comprehensive research and due diligence.
Market Competitiveness
In an ever-evolving backdrop, Al Wasl One does not exist in a vacuum. The Dubai real estate market is known for its vigorous competition, and navigating this sphere requires sharp acumen. Investors must be mindful of how Al Wasl One compares to other options. Here are a few aspects to keep in mind:
- Location Attributes: Proximity to transport links and key business districts significantly affects desirability. This development's strategic location is a double-edged sword— offering great accessibility, but requiring a thoughtful assessment against potential competitors nearby.
- Design and Aesthetic Value: Architectural appeal often sways buyer interest. A distinguished design can set a property apart, and Al Wasl One promises visually striking features that may confer a competitive advantage.
- Pricing Factors: Understanding comparative pricing is crucial. An overpriced development can deter potential residents. Evaluating competing properties will sharpen your insights on pricing dynamics.
- Amenities and Offerings: The amenities provided can tip the scale for many buyers. If Al Wasl One provides unique attractions or superior facilities compared to its peers, it stands a better chance of thriving.
Expectations must align with market realities; thus, assessing these competitive factors thoroughly will prove essential in formulating strong investment strategies.
"The right knowledge often mitigates modern investment hazards." - Unknown
Future Outlook for Al Wasl One
The future of Al Wasl One holds immense promise, making it an essential talking point for investors, homebuyers, and real estate agents alike. As Dubai continues to evolve as a global hub, the expectations surrounding this specific development are substantial. The attractiveness of Al Wasl One stems not only from its architectural brilliance and strategic location but also the careful planning of community aspects and lifestyle offerings within the area. This section will unpack what lies ahead for Al Wasl One, emphasizing projected developments and the long-term impact on the neighborhood.
Projected Developments and Expansion
Plans to expand Al Wasl One continue to gain traction, proposing intense focus on integrating additional amenities. Local authorities and developers are eyeing several key projects to enhance the existing infrastructure. For example:
- New Avenues for Shopping and Dining: Plans include developing a shopping precinct that boasts both international brands and local boutiques, creating a vibrant retail ecosystem.
- Enhanced Public Spaces: Green parks and recreational areas are on the radar, promoting community engagement and outdoor activities among residents.
- Cultural Hubs: There's strong interest in building art galleries and performance venues, showcasing local talent and enriching the cultural fabric of the area.
As these developments unfold, they are set to boost residential allure, making Al Wasl One not just a place to live, but a community to thrive in. Some stakeholders suggest that these enhancements could improve property values significantly over the next decade.
Long-term Impact on the Neighborhood
The long-term implications of Al Wasl One on its neighborhood cannot be overstated. The intricacies of any development extend far beyond its borders, influencing nearby areas and the overall character of the locality. With the introduction of diverse amenities and community-centric initiatives, the area is likely to evolve into a social and market-viable enclave.
Key impacts include:
- Economic Growth: Increased foot traffic and a blend of residential and commercial offerings are anticipated to stimulate the local economy. Businesses popping up around Al Wasl One will benefit from the influx of people as both visitors and residents.
- Rising Property Demand: As Al Wasl One establishes itself, demand for housing is projected to rise, with potential buyers exhibiting keen interest in the area's growing attractions.
- Improved Infrastructure: With developments in transport links and utilities, connectivity and convenience are expected to enhance, facilitating quality commuting experiences for the residents.
- Cultural Integration: By inviting diverse activities and events, there will be a noticeable shift toward a more inclusive community that celebrates cultural interactions.
By incorporating these elements into the long-term vision of Al Wasl One, stakeholders can anticipate an uptick in interest from varied demographics, increasing the overall vitality and appeal of the neighborhood. All in all, the future of Al Wasl One not only looks bright but promises a transformative impact on the fabric of Dubai real estate.