Mazaya Monthly Real Estate Report - September 2014
There will be a package of developments
recorded in the coming Cityscape Dubai
featuring a lot of investors, developers,
investment promotion agencies, architects,
brokers, designers, and many workers
and observers of the real estate sector.
The Al Mazaya weekly report touched on
the pace of real estate activity recorded
during the first half of the current year in
Dubai and the UAE. Issued by Land &
Property Department, the report indicated
the implementation of more than 8,000
sales and land mortgages and other real
estate activities, amounting in total to AED
113 billion during the first half of the current
year. The real estate behaviors recorded a
quantum leap at the end of 2013, adding up
to AED 236 billion – a 54-% increase from its
level at the end of 2012 – reflecting optimism
in the real estate market, in light of investors'
interest in the real estate sector all over the
world. The recorded movement strengthens
confidence in the market and its diverse
products which suit all segments of investors.
In addition, the carefully studied economic
policies pursued by the Government of Dubai
had the most significant impact for the market
to compete globally; Dubai tops the list of
giant projects both regionally and globally.
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The overall space of the exhibition will
reach 30,000 sqm, and the events will
involve three conferences connected with
the global value, future cities and real
estate intermediaries. The exhibition is
reported to be a major opportunity for all
seekers of real investment opportunities
at the current time and the future, and is
a feasible opportunity to discuss all issues
facing the stability, growth and expanding of
the real estate market. The report confirms
that the next session will be a real test for
strength and weakness of speculators
and will test the level of speculation and
its impact on the real demand enjoyed by
the real estate market in Dubai, UAE and
the neighbor states at the present time.
The Al Mazaya report stressed that the
interests of this event should expand during
the coming sessions to include all issues
and challenges faced by the real estate
market, with all its details and daily events.
They should look for real solutions for the
rises recorded on the index of rent prices
during the past two years, find real estate
indicators whose task is to identify locations
of real and unjustifiable demand along with
the causes, and establish a price base
which would reduce price deviations on all
sales, behaviors and concluded contracts
between parties of the real estate formula
at all times and locations. All parties must
also look for practical solutions to the issues
of accommodation, funding, long-term real
estate mortgages, and the movement of
capitals and the objectives of their owners;
determine their suitability to the different
real estate markets in the region; and look
for the real estate expanding to include all
productive sectors and activities to find a
harmony between all movements recorded
on all activities. Finally, the report anticipated
that the gap between real demand recorded
in the real estate market and the various
real estate projects to be introduced might
be bridged, and it confirms that the recovery
recorded in the real estate market in the
region must be secured and protected, due
to the continuing expansion of the positive
and negative impact enjoyed by all parties.
It looks much brighter when taking about
the initiatives to encourage investment
which are declared now and then. The
indicators of supply and demand and
the economic and financial indicators
reflect the continuation of investment
momentum and the continuous demand for
all products for sale, rent and investment.
It is apparent, the report says, that Cityscape
Dubai 2014 will be grounded on all the strong
indicators issued by the real estate market to
continue its growth and success during the
coming session in Dubai. The circulated data
indicate the high number of participants this
year, in line with the confidence levels enjoyed
by the real estate market, expecting that
the number of participants might reach 250
real estate exhibitors from across the world
and the region, a 25-% increase compared
to the number of participants last year.
