The current shortage of middle-income housing is one of the biggest challenges facing the real estate industry in the Middle East. There is an acute shortage of affordable housing for households earning average to mid-range salaries in the UAE, making it imperative for the industry to study and discuss the best of the cutting-edge initiatives that have been launched in the UAE, Saudi Arabia and Egypt, and work to implement them across the industry.
The Cityscape Global conference in Dubai in September will showcase the latest developments in the real estate sector in the region. According to sources, the Cityscape Global conference in Dubai on September 7 will include affordable housing, the growing demand for quality facility management, and the need to improve brokers" knowledge of Dubai's regulations and laws.
Sources say that Cityscape Global's conference in Dubai on September 7 will highlight a number of issues on the agenda. <Cityscape Global will shine a spotlight on the city of Dubai and, in particular, the issue of affordable housing. With Dubai Municipality recently announcing its ambitious plans to introduce mandatory quotas for affordable housing in all new residential projects, future trends are expected to favor housing for middle- and low-income families, remaining one of the key features of the real estate market over the next few years.
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Affordable Housing Obstacles
UAE real estate market statistics
Facility Management Programs
Cityscape Global will dedicate a segment to discuss facility management programs, which will be co-organized with the Middle East Facility Management Association (MEFMA) and sponsored by Ejada Asset Management, as well as a real estate brokerage program sponsored by Masterkey.
The organizing department of Cityscape Global will dedicate a segment to real estate brokerage programs. <Well-managed and organized facilities management is the best way to protect property value, reduce operational costs and make buildings sustainable. Although the real estate industry is not fully mature locally, it is rapidly evolving and playing a role in improving the current real estate landscape and changing it into a high-quality outcome.
Star Rating System
<Ali Al Suwaidi, board member of the Middle East Facility Management Association, will outline Dubai's ’Star Rating‘ system, which aims to bring transparency to the city's real estate market. Abdullah Al Wahidi, Director of Facilities Management at Emaar Properties, Billy Daly, CEO of Ejada Asset Management Group, and Ali Al Sharif Nab, Head of Design and Construction at Accor Hotels, will also talk about best practices in the facilities management industry.The Real Estate Brokerage Industry
To facilitate the development and growth of the real estate brokerage industry, Marwan Ahmed Bin Ghalaita, CEO of Real Estate Development Corporation, the regulatory arm of Dubai Land Department, will inaugurate the "Real Estate Brokerage" program that will highlight exclusive and innovative ideas and insights in the industry, while discussing the impact of new regulations on real estate brokers.Real Estate Brokerage
Cityscape Global
The 14th edition of Cityscape Global, the Middle East's leading investment and development exhibition, is growing by 30% this year, with more than 300 exhibitors from 30 different countries set to participate in the show.
Some of the events taking place at Cityscape Global include <The Cityscape Emerging Markets Awards, which attracts hundreds of developers and architects behind real estate development projects representing emerging markets globally, will be held on the sidelines of the show. The winners will be announced during a ceremony at the Conrad Hotel, Dubai, on September 8.
