The Department of Municipalities and Transport (DMT) today hosted the Abu Dhabi Real Estate Developers Forum for developers and companies operating in the emirate to discuss the latest developments and innovations in the real estate sector, with the aim of enhancing the attractiveness of the real estate market in Abu Dhabi, and to facilitate the development of services in partnership with developers and real estate professionals.
His Excellency Dr. Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT, opened the specialised discussion forum at the Rosewood Abu Dhabi Hotel, with the attendance of real estate development CEO’s, decision makers and professionals operating in Abu Dhabi. The forum included a series of technical presentations on the emirate's real estate systems, including regulations and procedures for developer activities, as well as a discussion session involving developers from the public and private sectors.
During the forum, the DMT presented a detailed explanation of the Department’s integrated real estate registration system, as well as future trends in digital service transformation and plans that will speed up procedures for real estate transactions and development.
The forum addressed a number of important updates relevant to the real estate sector and the impact of global economic changes. It also shed light on services and regulations that directly affect the real estate sector and have a positive effect on Abu Dhabi, outlining the general basis of the valuation processes, and developing real estate market transparency that will support its growth. The forum is part of DMT's strategy to strengthen Abu Dhabi's position as one of the world's leading destinations for real estate investment by gaining the confidence of investors and developers.
His Excellency Dr. Adeeb Al Afeefi emphasised the Department's commitment to building an efficient and transparent real estate system in Abu Dhabi by establishing close relationships with developers and real estate companies through continuous dialogue with all stakeholders to enhance the attractiveness of the market.
H.E. said: "The Department aims to create an attractive environment for investors, and a distinctive environment for real estate investment, through the legislation and laws that regulate this vital sector of the emirate's economy, in addition to launching a number of programmes and initiatives that will directly contribute to the sustainable growth witnessed in the real estate market in the emirate.”
Dr. Adeeb added: "DMT builds on the importance of establishing a clear basis for collaborations as part of its strategy to develop the real estate sector. This approach has supported the achievement of sustainable growth despite recent global changes, building the capacity of companies and individuals involved in the sector, and facilitating the work of developers and real estate companies, working together to realise the vision of our leaders in enhancing the quality of life in the emirate, and improving the attractiveness of Abu Dhabi's real estate market to be among the best investment options globally."