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Dubai Land Department (DLD) recently hosted a two-day strategy workshop titled ‘Global Model for Communities of the Future‘ at the Jumeirah Mina A’Salam Hotel, bringing together an assembly of government officials, experts, and real estate specialists. The aim was to collectively envision and shape the trajectory of Dubai’s real estate sector.
This high-profile event witnessed the presence of influential figures such as Mattar Al Tayer, Ahmed Darwish Al Muhairi, and Sultan Butti bin Mejren, Director-General of the Dubai Land Department, among others. More than 150 participants contributed to enriching discussions across several vital domains, emphasizing themes aligned with Dubai’s Economic Agenda D33 and the Dubai Urban Plan 2040.
The workshop’s agenda spanned comprehensive discussions encapsulating pivotal aspects, including the attraction of global institutional investors, the integration of real estate technology advancements, the blueprint for successful future communities, and innovative finance solutions. This initiative resonated with Dubai’s ambition to cement excellence as a pivotal pursuit for the emirate’s present and future.
Sultan Butti bin Mejren underscored the importance of collaborating with strategic partners to ensure sustained competitiveness and growth in Dubai’s real estate market. He highlighted the sector’s exceptional performance, citing a staggering 37% surge in property transaction values in Q3 2023, along with a notable 15% increase in new investors.
The workshop’s sessions navigated through crucial subjects encompassing traditional and contemporary urban designs, sustainability, cutting-edge technological developments, and strategies to foster creativity within the Dubai Land Department’s ecosystem. The focus was on leveraging Dubai’s unique architecture and promoting sustainable urban planning aligned with global standards.
Majida Ali Rashid, CEO of the Real Estate Development Sector at DLD, stressed the workshop’s continuity with the department’s ongoing efforts. She emphasized the importance of collaborative efforts in advancing innovation and policy frameworks within the real estate sector to enhance Dubai’s positioning.
Throughout the workshop’s sessions, participants engaged in detailed discussions. They explored strategies to attract global institutional investors, harness technological advancements, develop sustainable communities, and diversify financing beyond conventional sources.
The DLD expressed gratitude for the wealth of ideas and recommendations presented during the workshop, acknowledging their significant role in shaping future strategies and policies. They committed to translating these insights into actionable steps, aiming to fortify the real estate ecosystem and channel sustainable efforts towards a forward-looking real estate landscape in Dubai.