Tamweel CEO to provide key insights into Middle East real estate market at Cityscape

Adel Al Shirawi, Chief Executive Officer of Tamweel, will examine both emerging trends and alternative futures for the regional property market when he speaks at the high-profile event, which is one of the largest business-to-business real estate platforms in the world.

Among the issues that Shirawi will address is rising demand for commercial office space in Dubai. The Tamweel Chief Executive Officer will state that, according to the company's own research, demand for commercial office space in Dubai will increase by 5.7 million square feet in 2007.

"The Middle East real estate market is experiencing rapid growth, but we must think clearly about the long-term implications of this expansion," said Shirawi. "We have to manage the process proactively - or it will manage us. This is especially important when we look at the rapid growth of cities in the region. Growth is good, of course. But planned growth - with an overarching vision of investments, opportunities and infrastructure development - is far, far better."

He added: "Such clear planning is imperative as we seek to drive real estate investment in the region, especially from overseas. Foreign investors need to remain convinced that investment in the sector is sustainable: examining the range and number of high-profile projects already slated for the next few years, it becomes clear that both the private sector and government must communicate a coherent message to overseas investors. Namely, that the strength of the regional property market today will only be increased tomorrow."

The Tamweel Chief Executive Officer will be speaking as part of a Cityscape panel discussion titled, "Is the region truly ready for international investors' scrutiny? Emerging trends and alternative futures." The discussion will be held from 12:15PM - 1:00PM at the Dubai International Exhibition Centre.

Cityscape Dubai 2006: The 5th International Property Investment and Development Event takes place from Monday, December 4 - Wednesday December 6. It is one of the world's largest B2B real estate event, with more than 85 countries represented.