Dubai Property Society reviews real estate market at exclusive members roundtable

Titled 'An In-depth Review of the Dubai Real Estate Market', the roundtable was held on 22 April at the DPS headquarters in Burjuman Office Tower.

Led by its board members, the event was attended by prominent industry leaders including Adel Lootah, Executive Director of Dubai Property Society, Ahmed Al Matroushi, Chairman of DPS and the Managing Director of Emaar; Naaman Atallah, COO of Emaar Properties; Mohammed Nimer, CEO of MAG Group; Rory O'Connor, Director of Real Estate at Arenco; Ronald Hinchey, Partner of Cluttons Property Consultants, and Sheikh Khalid bin Zayed Al Nahyan, Executive Chairman for Tamweel.

Naaman Atallah, COO of Emaar Properties; Blair Hagkull, CEO of Jones Lang Lasalle; Peter Crogan, CEO of BCS Strata Management Services; Lisa Dale, Partner at AlTamimi & Co., Simon Azzam, CEO of Union Properties PJSC, and Elaine Jones, CEO of Asteco, also brought their perspectives to the table at the event that included an evaluation of the overall trends, opportunities, and challenges in the real estate market sector.

Contemporary issues such as project delays, their causes, benefits and the downsides of those delays on all stakeholders were also addressed as part of the event's agenda.

Ahmed Al Matroushi said:

"Dubai Property Society, in its role as a liaison body, serves as the link between the government and the industry. We actively seek avenues to openly tackle all challenges in the real estate market and address stakeholders' enquiries in a transparent and objective manner. The roundtable reflects our strong commitment to enhancing the sector's performance levels especially during the current crisis. Our objective is to create a more open environment and join forces with the government and other key players for highlighting issues that need to be tackled on a priority basis."

Adel Lootah said: "We are confident an open forum such as the roundtable will facilitate all industry stakeholders to leverage their cross-functional strengths for riding out the downturn and achieving the collective betterment of the industry."

Established in 2000, Dubai Property Society (DPS) was launched with a mission to energize business relationships through networking events, informative lectures and awareness seminars on industry issues for the holistic benefit of each member of the society and the community at large.

It currently has a membership base of over 300 real estate professionals and provides access to a vast network of property owners, developers, managers, advisors, brokers, finance houses, banks, hotel owners and operators, insurance companies, IT and technology solution providers, as well as mall owners and operators.