A new survey has revealed that more than half of investors would choose residential property as their number one option if they were to spend $10million in the UAE real estate market.
The findings were revealed at the Cityscape Global Conference today by global market research company YouGov and reflected the positive sentiment underlining the region’s current property industry.
With 60% of investors also believing the UAE is the most promising country for real estate investments, more than 300 exhibitors are eagerly awaiting the opening of Cityscape Global tomorrow (8 September) to showcase their latest developments.
Bringing together more than 1000 senior real estate professionals and government officials, the Cityscape Global Conference was focused around three main themes: middle income housing; the growing demand for quality facility management; and the need to improve broker knowledge of Dubai regulations.
Craig Plumb, Head of Research at JLL MENA, speaker at the Dubai Market Overview in the Conference said, “The lack of middle-income housing is currently one of the major challenges facing the real estate industry across MENA.
“As population growth and urbanisation continues, countries throughout the region are facing growing pressure to accommodate the evolving needs of both nationals and expatriates.
“This includes the need for more good quality, affordable accommodation within developed communities, for middle-income individuals and households. Conventions such as the Cityscape Global Conference are the perfect opportunity to bring professionals together from around the world to share their ideas on how we can implement different strategies to ensure the supply within the market meets the demand.”
Taking place at Conrad Hotel Dubai, the conference gave visitors a glimpse of what they have to look forward to over the next three days at the Middle East’s largest property show, Cityscape Global.
Growing from 31,000 square meters in 2014 to over 40,000 square meters of exhibition space, Cityscape Global will host more than 300 exhibitors from 30 different countries, marking the 4th consecutive year of double digit growth for the exhibition.
