The economy of the United Arab Emirates (UAE) is diversified. The United Arab Emirates is home to some of the world’s most prestigious real estate markets, as well as the world’s major transportation and trading hubs, tourist destinations, and commercial and IT centres. It is a big oil exporter with tens of thousands of large foreign investors flocking to the country each year.
All of these features, as well as many others, illustrate the fact that the UAE possesses one of the world’s largest exposition grounds.
Many summits, congresses, forums, and expos are held in the UAE, with topics ranging from individual aspects of the economy to wider global themes. The Emirates hosts events on urbanization, high-tech real estate, smart houses, and cities in the real estate market. It also hosts forums and summits for real estate investors, developers, agents, and brokers.
This and much more happens every year, and 2021 will be no different, despite the challenges with COVID-19 and international constraints. Now that we’ve reached the halfway point of the year, the issue becomes: what can we anticipate from the real estate market in the second half of the year, and what can we expect from it?
This article is dedicated to this topic, and it includes a schedule of significant events in the UAE for the second half of the year.
1st of October
What is the relationship between Expo and the real estate market?
Although not directly related, the event’s size and diversity have a considerable impact on the host country’s economy in general, particularly the real estate market.
Any review of the sector over the last six months will reveal how the next Expo will be the “very” turning point that will allow United Arab Emirates real estate to finally rise, overcome the effects of the pandemic, and begin to expand, particularly in terms of real estate values.
Is it going to be like this? Only time will tell, but you should keep an eye on the success of Expo 2020 in Dubai to see how much the event boosted the city’s influx of tourists, expats, and business.
The development of the Emirates’ construction sector is attributed to these categories of people. Because the issue of this event encompasses such topics as technology and environmental real estate, the movement of enormous capital as a source of societal growth, and freedom of movement, it makes reasonable to expect an influx of all specified groups.
The event will take place in Dubai’s South District. At the moment, this region and the neighbouring districts are seeing a significant surge in demand for real estate from foreigners looking to rent or buy.
IREIS Abu Dhabi:
IREIS stands for “International Real Estate & Investment Show,” a global real estate and investment exhibition. It is hosted on a regular basis in Abu Dhabi, the UAE’s capital. IREIS is a prominent trade show in the United Arab Emirates dedicated to the growth of the real estate and banking sectors. This exhibition has the potential to reveal the most promising industries in these areas of the economy, as well as the country’s most efficiently developing regions. It enables participants to recognize and comprehend the most important market trends in their area.
Representatives from banks and businesses that provide mortgage loans, rent, consulting services, market analysis, appraisal, and real estate sale attend the event. It also piques the interest of the UAE’s wealthiest investors and prominent developers.
IREIS is an excellent platform for marketing and promoting real estate projects. The event’s target audience includes countries in the Middle East, Europe, and Asia-Pacific.
Global property consultant summit:
It will be hosted on 13th & 14th October. The current state of the global real estate market has a significant impact on the UAE’s real estate sector’s development and expansion. One of Dubai’s top management organizations has opted to host a large-scale summit in order to ride the market’s waves.
This summit aims to bring together CEOs, governors, and politicians, heads of leading government agencies in the sector, ministers, developers, contractors, architects, and consultants, urban experts, bankers, investors, insurance company representatives, brokers, and a wide range of other professionals and key figures in the local market.
Other specialists and major influencers in the local market are also present. It will host between 2000 to 5000 people in total.
All of these experts, managers, and businesspeople have come to identify and research upcoming trends, as well as establish successful investment plans and ways for attracting international capital to the local market.
The summit will cover themes such as technology and economic development, economic and cyber security, steady sector growth, as well as promotion and marketing of Dubai real estate to the rest of the world. Finally, the event aims to determine the most effective approaches to develop the real estate industry in the ever-changing economic and political environment, both in the Middle East and globally.
Global Property Consultant Summit is the name of the event.
Proptech middle east 2021:
It will be held on October 26th and 27th, 2021. This is yet another event aimed at analysing current trends and formulating a strategy for the real estate market’s technological and financial development.
The Dubai Land Department (DLD) is a key participant in the event, putting in significant effort to improve the real estate market’s technology foundation, deploy smart solutions, and promote online commerce.
The conference will also look into how blockchain, virtual reality, and augmented reality might be used in the sector. Over 400 experts from various industries, including technology, construction, business, and government, will attend the event.