Professional Documents
Culture Documents
A Study to Analyze the Level of Satisfaction towards the After Sales Services provided by
developers in RAK
Student's Name
Institution Affiliation
Instructor's Name
Course Name
Table of Contents
Growth of Property Development in the United Arab Emirates (UAE)..................................3
Tourism;.....................................................................................................................................8
Investors......................................................................................................................................9
Customers Satisfaction................................................................................................................11
A Study to Analyze the Level of Satisfaction towards the After Sales Services provided by
developers in RAK
1. Introduction
Since the development of Ras Al Khaima (RAK) on February 10, 1972, under Sheikh Saqr bin
Mohammad al Qasimi in the United Arab Emirates, RAK has been on a journey to ensure
adequate services afterward reviews from their customers. The business developers in RAK have
put forward different satisfactory strategies and policies to cater to the customers' needs,
referrals, and after-sales services (Masoudinezhad, 2018). Today, for any successful organization
at every business level, satisfaction and customers' loyalty to the after-sales is important and
seriously essential in any business organization's marketing, recognition, extension, and success
essential to the extent that it leads to the triumph or failure of the organization. One of the ways
many organizations apply to satisfy their customers and attain loyalty and trust is by having
developers who put in strategies on the same. This study's main objective was to evaluate the
effects of RAK developers on satisfactory after-sales services in the UAE. In this regard,
The residential property development market in the United Arabs Emirates is guaranteed to
propagate at a CAGR of 12.36% by the next 5years of economic development. In the recent
years of business in UEA, transaction volumes are set to remain robust over the year, but with
4
payment plans strategized by developers, the tightening and mortgage rates are likely to edge up
(Bodolica et al., 2021). In 2021, and the peak of the Coronavirus, the market was likely to halt
due to the pandemic and lockdown implemented by the government. Nevertheless, the property
2021.
According to Lalaine (2021), the property and sales market in UAE proves a message of a strong
rebound in demand from the downfall during the Corona Pandemic, determined by rising oil
prices, refining economic settings, and a resilient foreign interest in the field (Lalaine, 2021).
UAE's all-residential property price index (RPPI) fell by 2.1% (a 2% increase accustomed to
previous rates). This improvement drifted from the 6.1% year to fall and the lowest deterioration
since September 2017. The change was recorded in the Reidin property report of May 2021
(Lalaine, 2021).
Fig. 1.1
Nominal house price changes= the figures circulated by utmost official numerical
foundations
Real house price changes=property price changes after the inflation adjustment
5
According to the analysis in the report above, Ras Al Khaimah's property development progress
shows that the apartment prices clear-cut by 3.8% (-3.9% inflation-adjusted) through the year in
May. Most agents experience overstate fees since their figures are nominal and not adjusted for
inflation. From the graph, nominal house prices change so is the real. According to research, a
predictable time series in property investors' portfolios is given. Study and analysis show the
ways investors and property managers provide satisfactory returns on the after-sale services in
From early 2003 to 2015, property development in the United Arab Emirates showed a tripling
trend, and the prices almost quadrupled. Billions of dollars were expended on mega-projects,
Jumeirah Garden City being one of the projects estimated to cost (US$95 billion), The Lagoons
(US dollars 25 Billion), and the World (US$14 billion). From these estimations, it is evident that
UAE investors emphasized property development to bring it to the prestige and grace it serves
now (Lalaine, 2021). As the economy was back to growth, the paused construction projects in
the UAE were resumed. From January 2012 to 2015, Ras Al Khaimah rapidly increased house
Consequently, other aspects that led to the deterioration of the housing market in the recent years
of UAE property development include; Federal Mortgage Cap, a policy presented in 2012 that
slowed residential price rise in Dubai and Abu Dhabi, employment of the 5% value-added tax
(VAT) in 2018 which applies to home sales after completion of the project in three years and the
Conclusively, even though in the previous years, the UAE real market had traces of a down drop
6
on the property development and failure of customer satisfaction in the after sale-services, there
has been a significant development in the market of property and real estate.
Previously, the UAE real market has seen substantial upgrading, showcasing the current
expansion in the other emirates, including Dubai and Abu Dhabi property flea markets. It has
been proven to Crompton that UAE is the world's 9th largest region experiencing a grace of
natural resources. Due to this reason, globalization has imposed the area to come up with
strategies linked to the increased trend towards property development (Al Qatawneh, 2020). In
addition, in the last two decades, the movements have instigated a continuous intercontinental
inflow to the upraising economies and improved growth opportunities (Al Qatawneh, 2020).
Concerning UAE real estate development, research shows that extraneous investors have now
amplified predisposition to make their investments and subsidize the region's financial growth
and practical service providence in the RAK emirate (Al Qatawneh, 2020). A justification for
this is other past studies from various scholars that have provided Business and Management
The multi-faceted deliberation of the significant transformation in UAE for over 60years shows
the undertakings in the developmental areas of the country's economy, for instance, GDP,
Agreeing with Elsheshtawy (2019), before the world financial recession in 2008, the UAE real
transformed due to the substantial decline in foreign direct investment from 2008, posing 1.76%
in 2009. Subsequently, the hope raised in the global financial market from 2012 onwards. The
continuing increase in property development has been seen in the UAE real estate sector,
7
especially the RAK emirate (Elsheshtawy, 2019). This development was triggered by the
implementation of the UAE Expo 2020, and DCG 2019 attracted the attention of foreign
investors and other customers gained from the UAE's regional economy, which started
The study reveals that foreigners are now achieving copious in investing in the RAK-UAE's real
estate sector. This led to the development of its Property sector growth. Foreigners have been
being granted leeway to acquisitions of freehold properties in RAK. According to the world
property context, the Gross rental offerings in UAE is better since it creates advanced returns
even on the smaller property, for instance, 90 sq. m (Elsheshtawy, 2019). On the same, the
technological implementations in the UAE have imposed real estate investors to increase their
investment in the property development sector. For example, the Real Estate Self-Transaction
platform and the Tagyimee are perfect examples of digitalization that has rendered it easier and
more effective for the property developers to access their property information on tenders and
calculate the value of property in the UAE (Elsheshtawy, 2019). Conclusively, on the
perpetuation of Property development in UAE, Gateway 2 Residence and the New Addition to
Hayat Island 2019 has been the main entryway for foreign investors and other new customers in
the market to invest in RAK real estate. From the endowment of the newfangled protocols,
flexibilities, and improvement in the property segment, UAE has encountered a flourishing
tendency in its inclusive economy which led to its development and attraction of tourists.
The property sector in Ras Al Khaimah has displayed robust growth and resilience to the
volatility found in other emirates in the UAE. Statistics show that Ras Al Khaimah is set to
8
benefit from a new injection of investment from international Real Estate investors and inherent
customers. More than $1.1bn is being expended on the new scheme that RAK has taken towards
Property Development and a vision of achieving an excellent area outlook. In addition, federal
funds have been disbursed to ensure that the RAK housing market is developing at a favorable
rate.
RAK's Property sector is a significant constituent in the Emirate's economy. Concerning RAK's
2016 Statistical Yearbook, the property and business services have contributed to an
approximation of Dh1.7bn ($487.2m), adding up to almost 6.9% of the total GDP of UAE.
Consequently, this is 42% more than its ratings in 2009. To show that the gross capital from real
estate and business in RAK has grown, the GDP grew by almost 10% from Dh1.63bn ($443.7m)
in 2012. The ratings are worth around 15% of the total GDP that RAK contributes towards the
UAE economy, making it the third-most-significant sector after mining, manufacturing, and
quarrying. In addition, its growth has primarily influenced employment, employing a total of
The Middle East as a whole fascinates moderately few visitors, and political proceedings in the
current century have spawned new uncertainties and pressures, which seem likely to additional
promotion. Despite these seemingly unfavorable situations, intercontinental tourism has been
diversification (Hunderson, 2006). They have financed heavily in luxurious facilities and
undertaken extensive and all-around marketing. On the same, the outcome has been substantial
growth in tourism. In addition are great expectations of the future, which is predicated from the
9
current position of the RAK Real Estate market and investors, reflected in the set of very high
arrival goals (Hunderson, 2006). However, numerous restrictions might impede development,
with a need to review stratagems. The involvement of Ras Al Khaimah in UAE thus obliges to
exemplify factors that are acute to destination development, significant impediments, and
Tourism;
According to Yas et al. (2020), a variety of research has been steered regarding the Ras Al
Khaimah tourism industry. However, less information has been published to indicate the role of
real estate as a significant factor that perpetuates the growth and development of tourism in the
UAE (Yas et al., 2020). Purposely, my study is to examine the growth of tourism in Ras Al
dramatically influenced the tourism industry in UAE as a whole. The number of tourists and
visitors entering RAK has increased significantly over the last few years, creating a public
infrastructure, which helps boost the Property development market (Yas et al., 2020) as
incorporation between the Emirate and the entire UAE has improved. Similarly, several GCC
Citizens and other nationals are investing in holiday homes in RAK. This contributes mainly to
Investors
Ras Al Khaimah (RAK) has experienced a series of shifts in the last few years since it joined the
UAE as its 7th Emirate in 1972. There have been ultimate and significant changes to the
10
investment policies, which has facilitated an environment conducive for worldwide business to
locate their investments and operations in RAK (Murphy, 2021). In addition, there has been an
including considerable investments in real estate, manufacturing, and services, and mainly in
infrastructures (Murphy, 2021). RAK has been a landmark and evidence of an important
destination of foreign investments. As a result, there have been different ways through which
property providers and the government of the UAE have influenced these investments (Murphy,
2021). In addition, the influences towards investors have significantly impacted the reviews of
the customers in the real estate, the investors, and the business organizations. RAK has
implemented the following strategies to ensure certainty in both foreign and local investors.
This organization is responsible for providing and promoting economic development and
investment in RAK and the UAE. During its development, the authority was established to put
up a "business and industrial arena offering competitive free zone and a non-free zone" in the
area (Al-Tamimi, 2009). The business setup also caused some privileges. It allowed free trade
zones (exemption from all taxes, complete repatriation of profits and capital, and a high
concessional rate on land leases) (Al-Tamimi, 2009). On these authorities, investors were given
According to Mosteanu & Alghaddaf (2021), the UNCTAD World Investment Report of 2021
shows that the value of foreign direct investments inflows to the RAK in UAE increased in 2020
by 2.01 billion US Dollars, which is equivalent to (AED 7.38 billion) at a growth rate of 11.28%.
11
In 2020, RAK made UAE advance nine ranks, becoming the 15th globally. The study shows that
the inflow of FDI in the UAE increases annually. This results from political stability, well-
developed infrastructure, stable currency, and the different global attractive event of Expo 2020
(Alshamlan et al., 2021). Among other policies, this was an investor-friendly authority from the
UAE government.
One of the significant strengths of the RAK property market from 2010 to 2018 has been the
rule in RAK. In addition, the customers of the RAK property market have benefited and all-time
privileged with a guarantee of freehold property titles, which is not found in other emirates. In
the annual report of UAE property published in 2016, Asteco Property Management showed that
RAK
Property business in RAK often has leaders who fail to manage and sustain modest advantage to
increase profitability during unstable and deteriorating market proficiencies (Alfaraj, 2019). In
August 2013, RAK put up a customer service center equipped with friendly and conducive
world-class communication facilities and information services. The newly set up Centre
demonstrates that RAK's real estate market is driven towards worldwide best practices. Even
though many perceive the property development industry as critical, it has several investors and
customers whose loyalty depends on different factors (Alfaraj, 2019). The main customers of the
RAK property industry are popular tourists. In addition, it has an incredible landscape with large
natural beaches, deserts, and mountains (Alfaraj, 2019). Besides having investors as the primary
Customers Satisfaction
Customer satisfaction is a tendency that determines how happy customers are with specific
services and products. According to business and management, customer satisfaction is how well
towards the after-sales services (Mahpour & Akabri, 2021). According to research, customers'
satisfaction results from the technology and the services offered by the provider. In many cases,
customers base their good sentiment on feeling good and happy about a property or a service
(Mahpour and Akabri, 2021). Recently, in technology, investors have ventured into Artificial
intelligence technology (AIT) and the use of Virtual Reality (VR) technology to attract and
Convenience
Communication
Customers expectation
Complaint handling
Customer satisfaction can be the dissimilarity between your business succeeding or failing,
especially in uncertain times and economic recessions where organizations have to maintain a
higher satisfaction level throughout the customers' expedition. According to Brinci et al. (2018),
customer satisfaction is dependable on the authenticity and risk impressions which greatly
influences customer satisfaction and repurchase intentions for the property market and the after-
13
sales services (Brinci et al., 2018). For an investor to establish a loyal customer, they should have
a great deal of effort on the matters of consideration (Brinci et al., 2018). The following are some
Customer loyalty- when the customers are satisfied, they believe in your property
and market
Support pillar- in many occasions, satisfied customers are more likely to support
and stand by you for times of recession as they always want to see it thrive
Reduce marketing expenses- satisfied clients in every business tend to be the most
Even though customer satisfaction and contentment are paramount in a business of high
expectation on returns and referrals, sometimes it is a very poor predictor of the customers'
behavior in the future. Research has not proven whether 'if a customer says he/she is contented
with the organization services and it does not mean that they will come back for the same
company's services and product's (Market Study Guide, 2022).' Many benefit customers'
satisfaction, and organizations strive to maximize their CSAT scores. As RAK Organization has
In property markets, for instance, the Ras Al Khaima Organization has majorly used lenient
policies to satisfy its customers. The most crucial marketing metric is regularly traced and
assessed (Market Study Guide, 2022). The main limitations of customer satisfaction as per the
Expected versus delivered values are measured- CSAT is not necessarily a perfect
measure of general value or quality of the organization and its service offering
At times, there might exist a high CSAT score and a low outcome hence a standard
Prevailing customers will adjust their expectations to the value regularly being
sales service score. For this reason, it won't be easy to maintain a high satisfaction
score.
15
In addition, some more engaged and involved customers are likely to participate in
High Customer Satisfaction may probably not deliver increased profitability as more
According to research, it is evident that 75% of the customers who change their brand or market
organization result from dissatisfaction. This occurs when the product does not meet the
customers' expectations. According to Dash et al. (2021), customers dissatisfaction impacts the
business negatively, creates a bad reputation, and loses customer loyalty. Appreciating customer
dissatisfaction is essential because customers are more likely to recall negative experiences than
series of effects that are disadvantageous to the mark since customers will not patronize the
service they do not lay their trust on. Disappointed customers will set lousy reviews on the
organization's assistance. For example, social media brand websites organizations will receive
poor ratings (Dash et al., 2021). This, in return, will lead to a loss of customers since there will
be poor lead generation and conversion to buy your property (Dash et al., 2021). Similarly, there
will be a loss in employees. One may be wondering how employees are associated with the
dissatisfaction of customers; well, no employee would wish to work with an organization that
Khaima has several factors that propel their urge of customer satisfaction on the after-sale
services. From their study, quality, price, location, promotion, and corporate image of the
property significantly influence customers' purchase decisions (Rachmawati et al., 2019). From
my study, I have discussed the results of satisfied customers and given a constructive suggestion
for promoting sales scores and customers ratings at the end of services. Customers should be
satisfied to maintain and keep the existing customers happy and as your priority always. In the
same way, it increases the chances of the customer coming back to do more business with your
organization. On the other hand, customer satisfaction helps identify strengths that are assessed
Different scholars have assessed how Ras Al Khaimah could implement policies and models to
improve their satisfaction with the after-sale services. The following models are used to
determine customers' loyalty and satisfaction to enhance future returns (Fang et al., 2011). This
Study model aims to extend the DeLone and McLean's IS success model of 1992 through
introducing justice and good services received from the exchanging party. In addition, the trust
of the customers towards the Real Estate Market and the repurchase of an organization's services
are determined.
The IS Success model mainly pinpoints and describes the interrelations between six critical
dimensions, which are the central pillars for the justification of this model (Fang et al., 2011).
The vital dimensions include; System Quality, Information Quality, Usage Intentions, User
17
Satisfaction, net system benefits, and Service Quality (Fang et al., 2011). In this model, the
arrows demonstrate projected associations between the success dimensions. The system is
construed as follows;
A system can be analyzed in the form of information, service quality, and strategy-
these quantities affect the proceeding use and intention to use the service offered by
Resulting from the system, benefits are achieved, either positive or negative,
From the above evaluation, customers' satisfaction is met in the after-sale services. The actual
and expected outcomes of success will eventually be attained at the end of the implementation of
Fig 1.3. Information Systems Success Model (DeLone & McLean, 2003)
18
example, in this theory, a different Company is from RAK Property Company. Let us say
Company X with a problem of customers not returning to make the subsequent purchase of the
property. Management needs to maximize the loyalty of the customers to improve customers'
satisfaction. To investigate this problem, the schematic model below is used to show the
According to Thomassen, value proposition and other influences like experiences, achievements,
experiences, expectations, and outcomes to determine the extent to which Company X's
In the growing business world, customer satisfaction is vital in Human Resource Management
and Organization Marketing. From the above evaluation, it is evident that Customer Satisfaction
results from several factors. In addition, this study is set to help Organizations in the Real Estate
Market in RAK retain their customers, increase their trust, and have a positive review of the
Company's reputation. Many other factors determine customers' experience with any
customer satisfaction and its improvement. This model of satisfaction is linked with the RAK
Property Market. Consequently, in this research, customers should be assured of the following
entities to secure their trust and contentment towards the RAK Real Estate Market;
Transparency
Good price
Choice
Convenience of product
Information
Time
Conclusively, the main aim of picking on this topic is because, in the Real Estate industry, many
Organizations have lost their customers due to dissatisfaction with the after-sale services in the
Emirate of Ras Al Khaimah; therefore, in my project, I will put forward several strategies that
20
will contribute to the Customers' Satisfaction in the after-sale services. For future use, this
research is essential for any Real Estate organization that at any point might have experienced
negative reviews and zero returns from customers after their services. This research will create a
platform for the growth of the Property Market and competitive advantage.
References
Al Qatawneh, D. K. A., Adnan, A. A., AlZoughool, S. A., & Ahmed, T. H. (2020). Scholars
https://saspublishers.com/media/articles/SJEBM-71-39-43.pdf
https://search.proquest.com/openview/7f667e0625b3e110011548728830d962/1?
pq-origsite=gscholar&cbl=18750&diss=y
Alshamlan, M. A., Fernandez, V. M., & Fernandez, M. (2021). Foreign Direct Investment in the
https://ejbmr.org/index.php/ejbmr/article/view/694
https://www.emerald.com/insight/content/doi/10.1108/15265940911001402/full/
html?casa_token=KnK4JOTaEJcAAAAA:DTE_sqpgWHVwqflovV07-
EZ0mLmDvA2FUJNKt77PhhVg4Av7v5fVi4HVCspPR0chlkHlSZICoMq7Bp4F
nRrHKm4EZQJlZKLKmTVJePngF8dimaI8uxFT
21
Birinci, H., Berezina, K., & Cobanoglu, C. (2018). Comparing customer perceptions of the hotel
https://www.emerald.com/insight/content/doi/10.1108/IJCHM-09-2016-0506/
full/html
Bodolica, V., Spraggon, M., & Abdulkarim, H. (2021). Leading and Governing the 'Room for
https://journals.sagepub.com/doi/abs/10.1177/0972820120980637
Dash, G., Kiefer, K., & Paul, J. (2021). Marketing-to-Millennials: Marketing 4.0, customer
https://www.sciencedirect.com/science/article/pii/S0148296320306688
https://books.google.com/books?
hl=en&lr=&id=j_SADwAAQBAJ&oi=fnd&pg=PA235&dq=Property+Developm
ent+in+the+UAE+from+2008+till+2020&ots=MBmQ4RmvVO&sig=cwJ1K_iIV
2Ff6xlvvaYVZ7evp-s
Fang, Y. H., Chiu, C. M., & Wang, E. T. (2011). Understanding customers' satisfaction and
justice. Internet research.
https://www.emerald.com/insight/content/doi/10.1108/10662241111158335/full/
html
22
Development.
https://www.researchgate.net/profile/Shaun-Mann/publication/348127132_Touris
m_as_a_development_option_perspectives_from_the_World_Bank/links/
60959a5a458515d315040e9e/Tourism-as-a-development-option-perspectives-
from-the-World-Bank.pdf#page=16
Lalaine C. Delmendo. (2021). The UEA's housing market on the cusp of recovery? The United
https://www.globalpropertyguide.com/Middle-East/United-Arab-Emirates/Price-
History
Mahpour, A., & Akabri, M. (2021). The influence of Using Virtual Reality Technology on
http://jtd.iranjournals.ir/article_244864.html?lang=en
Masoudinezhad, N. (2018). The relationship between the quality of after-sales service and
35.
https://www.researchgate.net/profile/Sara-Amalia-2/publication/327881335_THE
_RELATIONSHIP_BETWEEN_THE_QUALITY_OF_AFTER-
SALES_SERVICE_AND_CUSTOMER_SATISFACTION_CUSTOMER_RETE
NTION_AND_CUSTOMER_LOYALTY/links/5baaeb9a45851574f7e64670/
THE-RELATIONSHIP-BETWEEN-THE-QUALITY-OF-AFTER-SALES-
23
SERVICE-AND-CUSTOMER-SATISFACTION-CUSTOMER-RETENTION-
AND-CUSTOMER-LOYALTY.pdf
Mosteanu, N. R., & Alghaddaf, C. (2019). Intelligent economic development by Using Foreign
http://www.rebe.rau.ro/RePEc/rau/jisomg/SU19/JISOM-SU19-A02.pdf
Murphy, D. (2021). Invest in Ras Al Khaimah . (August 12, 2021). Retrieved from.
https://silo.tips/download/invest-in-ras-al-khaimah
Rachmawati, D., Shukri, S., Azam, S., & Khatibi, A. (2019). Factors influencing customers'
factors-influencing-customers-purchase-decision-of-residential-property-in-
selangor-malaysia.html
Saleh, A. S. (2021). The intellectual property road to the knowledge economy: remarks on the
https://heinonline.org/hol-cgi-bin/get_pdf.cgi?handle=hein.journals/
linovte13§ion=8
https://journals.lib.pte.hu/index.php/mm/article/view/3203
The Market Study Guide. (2022). Limitations of Customers Satisfaction. (7TH February 2022).
satisfaction/
24
Yas, H., Mardani, A., Albayati, Y. K., Lootah, S. E., & Streimikiene, D. (2020). The Positive
Role of the Tourism Industry for Dubai City in the United Arab
id=GALE
%7CA648085498&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=2084
0845&p=AONE&sw=w
Zamil, M. (2021). Customer Satisfaction Towards the Products of Great Wall Ceramic Industries
Ltd. http://dspace.daffodilvarsity.edu.bd:8080/handle/123456789/7201