Sunday, December 17, 2017

Dubai real estate market an 'investment destination'

UAE-based Arenco Real Estate sees a stronger real estate market for Dubai in the coming years due to unlimited opportunities that are open and available to investors.

Home to more than 200 nationalities, Dubai is one of the world’s most diverse places to live and work and has become a real estate investment destination for the rich and famous from all over the world.

Girish M. Thakkar, property manager, Arenco Real Estate, said: “Investors are highly interested in Dubai real estate market because of the high return on investment. Dubai will always set itself apart because of its diversified offering and those looking to invest can be confident because of the well placed regulations.”

Arenco Real Estate was the Official Property Partner of the recently held Global Property Consultant Summit which brought together experts, investors and real estate developers who discussed specifically on the GCC Real Estate future challenges and opportunities, future investment challenges and regulation.
Marwan Ahmed Bin Ghalita, CEO of the Real Estate Regulatory Agency, was the guest of honour at the event who spoke about why the UAE is one of the strongest real estate industries in the region. He also encouraged the participants to focus on the local market and work together for the sector to grow and be stable to attract more investment.

Keynotes and presentations covered topics such as the emerging trends of GCC Property Developments Market for 2018-2022, Strategies, opportunities and guaranteed return on investments, what investors need from the real estate industry, and what are the challenges in the real estate industry and what are the solutions.

The presentations were offered by the top leaders in the industry including Dr. Tawfiq A Al-Swailem, CEO and president Bureau for Research & Economic Consultation and Dr. Medhat Soliman, Real Estate Laws Lecturer at Abu Dhabi Vocational Education and Training Institute (ADVETI).

The summit sessions also highlighted a variety of advisory techniques such as the Blockchain revolutionising techniques presented Nesar Khan, managing director, FP Global Developments, besides discussing the real estate legal strategies and challenges facing tenancy contracts, presented by Dr. Soliman. - TradeArabia News Service

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