Investments into Dubai real estate sector cross Dhs158bn in 2008

Aiming to offer investors, developers and industry professionals with the most comprehensive information on the real estate market, REIDIN.com has successfully completed its participation at the 'Urban Waterfronts Conference 2008', which was held from November 16 - 18, 2008, at the Hyatt Regency, Dubai.

Highlighting detailed information on the value, number of transactions, and investor activity in the last two years, Ahmet Kayhan, CEO, REIDIN.com presented a paper on the global financial crisis and its effects on the real estate sector in the UAE and the Middle East region as a whole.

Recently published reports have shown that the global market value of waterfront development projects is expected to cross $500bn in the next five years, with Dubai being one of the most active players featuring some of the most iconic developments located off the shores of the wealthy emirate.

Dubai's Palm Island trilogy - Palm Deira, Palm Jumeirah and Palm Jebel Ali are currently among the most recognisable, most ambitious and most prestigious waterfront projects in the world, creating a range of new business opportunities for both regional and international investors. Leveraging REIDIN.com's extensive database and resources, Ahmet Kayhan addressed the key trends and investor preferences at the 'Urban Waterfronts Conference 2008' and market demand and supply vis-à-vis the global financial crisis.

"With the global financial crisis notwithstanding, Dubai remains one of the most attractive destinations for investors from all over the world with over Dhs158bn invested since the beginning of 2008 till date, in comparison to total investments of Dhs151bn last year. Further, our statistics indicate that the top 10 investors who have channelled funds towards real estate in Dubai hail from India, Pakistan, Russia, Saudi Arabia, UK, Oman, Iran, Canada, Bahrain and Kuwait, "said Ahmet Kayhan.

The 'Urban Waterfronts Conference 2008' plays a key role in creating benchmarks and provides a suitable networking venue to exchange ideas among various global waterfront communities, particularly those interested to invest in Dubai. The conference is targeted at helping societies build liveable and highly competitive waterfront communities through strategic planning that focuses on wise utilisation of resources, leveraging sustainable community development initiatives, effective transportation system, efficient city branding to attract tourists and environmental conservation. Organized by marcus evans, the theme of this year's event was 'Practical steps and strategies toward sustainable development and livable waterfront cities'.

"Through the statistics we provide, our aim is to support investors and industry players by granting them trusted and essential access to highly valuable information, which will aid them to have a deeper understanding of the implications of the prevailing market conditions and allow them to plan their investments. In this respect, the 'Urban Waterfronts Conference 2008' served as an exciting venue for us to address investors and industry stakeholders on the transactions and investments that took place in Dubai's real estate market over the last few years,"

concluded Kayhan.

By providing the most accurate and up-to-date information, REIDIN.com enables investors and industry professionals to make informed decisions and increases their productivity by providing them with the tools and services they need for accessing the right business intelligence on time. The company presently covers all politically stable developing countries, which attract a big amount of FDI into its Real Estate markets, and serves investors, decision-makers and industry professionals across the globe.