The 13th edition of the Middle East’s largest real estate event, Cityscape Global 2014, will take place from September 21 to 23 at the Dubai World Trade Centre.
More than 1,000 senior real estate experts will meet for the three-day exhibition, which will host three conferences focusing on the real estate and future development industries – the Global Real Estate Summit, Future Cities and the Real Estate Brokers Summit.
“Our mission to control Dubai’s real estate market involves monitoring property brokerage activities closely – from preventing rampant speculation, which would have a negative impact on the market, by providing brokers with effective guidance systems, to implementing laws and regulations to govern the nature of their world,” says Marwan Ahmed Bin Ghalita, CEO of the Real Estate Regulatory Agency, the regulatory arm of Dubai Land Department and the supporters of Cityscape Global, in a press statement.
Hosting 280-plus global and regional exhibitors and covering an area of 31,000 square metres, the event’s panel discussions will cover topics such as sustainable urban design, leading Smart cities, and current and future real estate markets in major cities around the world. Dubai will also welcome a number of international government leaders from key cities to discuss major trends in the market.
“The conference will be a wonderful opportunity to meet, share collective experience and provide solutions and strategies to ensure a steady growth for the leading Smart cities of the future,” adds Hussain Lootah, director-general of Dubai Municipality.
With the UAE continuing to break ground and attract interest in its property sector, Cityscape Global aims to inform the country’s developers, investors, financiers and senior property stakeholders on the latest regulations that may impact the industry.
Knight Frank’s Dubai Prime Residential Report for Spring 2014, released earlier this year, states that, although there has been a significant price growth in the Dubai real estate sector in the past couple of years, it does not rank as the most expensive city in the world. According to the report, $1 million can buy approximately 146 square metres of luxury living space in Dubai, which is six times more than what you can buy in London, seven times more than in Hong Kong and ten times more than in Monaco.
“The UAE continued to witness positive investor sentiment, driven primarily by the quality of infrastructure, strong economic growth, reliable regulation and a maturing real estate market,” says Alex Craine, head of consultancy division at CBRE MENA, in a press statement. “This view was reinforced by the IMF, which recently increased its UAE growth forecast for 2014-2019 to an average of 5.5 per cent and eight per cent by 2020.”
The Global Real Estate Summit, Future Cities and Real Estate Brokers Summit will take place beside Cityscape Global 2014.
First published on LuxuryMena.com