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Forbes Middle East - - CONTENTS - —Clau­dine Co­letti, Man­ag­ing Editor

By Clau­dine Co­letti

As is nor­mal, the real es­tate in­dus­try both lo­cally and glob­ally has been sub­ject to fluc­tu­a­tions over the last year. In the Mid­dle East, whether you are an owner or a renter, you will no doubt have felt a siz­able drop in prices over the last year, which ac­cord­ing to a va­ri­ety of re­ports can mostly be put down to cur­rent over-sup­ply in the mar­ket.

Depend­ing on which side of the coin you sit this could have been good news for you—as a renter I cer­tainly have no com­plaints. On the other hand, de­vel­op­ers may be feel­ing some pres­sure at the mo­ment, with a cou­ple re­cently hit­ting out at each other in the me­dia as they dis­cussed the mar­ket.

Of course, ul­ti­mately, they have noth­ing to worry about. It’s real es­tate—there are booms, there are correction­s, and there are booms again. If maybe there have been more units open­ing in this last year than usual, all fore­casts point to the pop­u­la­tion ris­ing over the year to come. And when prices are low, in­vestors come look­ing. Swings and round­abouts.

Real es­tate is still one of the best long-term in­vest­ments you can make. Es­pe­cially in Dubai ac­cord­ing to the CEO of RERA, Mar­wan Bin Ghalita. He spoke to us this month about the emi­rate’s grow­ing ap­peal to both lo­cal and in­ter­na­tional in­vestors as it be­comes an ever-eas­ier place in which to do business and puts its cit­i­zens’ hap­pi­ness at the top of its agenda.

And that’s good news all round—es­pe­cially for our Real Es­tate 100. This year is the fifth con­sec­u­tive year that we have ranked the re­gion’s big­gest listed and un­listed prop­erty giants. This year we’re re­leas­ing the is­sue on the side­lines of our in­au­gu­ral “Build­ing The Fu­ture” event. By the time you read this we will have hosted nearly 200 of the in­dus­try’s ex­perts, lead­ers and en­trepreneur­s as they dis­cuss some of the most press­ing is­sues and up­com­ing trends, in­clud­ing af­ford­able hous­ing, sus­tain­abil­ity and the evolv­ing in­vest­ment cli­mate.

We’ll also be ex­plor­ing the grow­ing proptech mar­ket and the rather ex­cit­ing global move­ment to­wards im­ple­ment­ing smart city tech­nol­ogy and lay­ing the foun­da­tions for con­nected build­ings. Do check our so­cial chan­nels for up­dates. Our events al­ways of­fer up some very in­ter­est­ing con­ver­sa­tions, and can well un­veil new op­por­tu­ni­ties worth check­ing—don’t miss out.

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