UAE Economy Growth to be Heavily Dependent on Real Estate Sector

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Land is crucial for developing the UAE’s economy and it effectively adds to Dubai’s value. Likewise, it is key to the city’s metropolitan extension and improvement, said Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority at Cityscape Real Estate Summit, which opened its entryways today (November 16).

Al Tayer was conveying his location after introducing the erratic release of the yearly occasion, coordinated by Informa Markets and held in an organization with the Dubai Land Department at Dubai World Trade Center.”

He participated in the unique opening function and visit by Helal Saeed Al Marri, Director General of Dubai Department of Tourism and Commerce Marketing, Peter Hall, President EMEA, Informa Markets, and Chris Speller, Group Director, Cityscape, Informa Markets.

Following a virtual initiation discourse given by Sultan Butti bin Mejren, Director General of the Dubai Land Department, the assignment visited the stands of Sobha Developers, One St. John’s Wood and Land Sterling before completing at Dubai Land Department for the declaration of its new REST Application.

Bin Mejren stated: “The current year’s release of Cityscape speaks to the climax of endeavors set by Dubai’s authority, just as the accomplishment of the financial motivators which have profited all business areas in the emirate, including land – one of the main feeders to the public economy.”

During its support in the highest point, DLD dispatched the Real Estate Developer Guidebook and gave itemized clarification on its Dubai REST application, the primary advanced land stage in Dubai that includes all exchanges and permits financial specialists and proprietors to settle on speculation choices through a total arrangement of computerized sales without the requirement for paper reports, lessening strategies.

It plans to fortify the emirate’s situation as a worldwide land speculation objective.

At that point, Al-Marri focused on land and the travel industry area in a meeting named ‘What’s Next for Dubai’s Tourism Sector’, as he took the crowd through Dubai’s system in adjusting its travel industry techniques for a post-pandemic world.

The current year’s occasion includes a progression of addresses, introductions, strategic talks, and market examination with center around all resource classes – from private to business, mechanical, retail and neighborliness, to help the company get business following the Covid-19 pandemic.

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