Acci Organises Real Estate Ramadan Majlis With Participation Of Experts In The Sector

Date: 26/04/2021


Acci Organises Real Estate Ramadan Majlis With Participation Of Experts In The Sector

ACCI organises real estate Ramadan Majlis with participation of experts in the sector Abdullah Al Muwaiji, "It is necessary to educate entrepreneurs about the opportunities available in the real estate sector." Marwan bin Ghalita, "Data and information are the basis for the development and growth of the real estate sector." Iyad Matar, "The UAE is not only a pioneering model in dealing with changes, but also strengthens investor trust in it." Khalifa Al Muhairi, "The legislative environment, flexibility and speed of procedures play a major role." Muhannad Al Wadi, "Raising awareness and education are among the most important factors in the development and growth of the real estate sector." Salim Flaifel, "The government incentives contributed to the rapid recovery of the real estate sector." The real estate Ramadan Majlis that was organized by the Ajman Chamber stressed the importance of pushing the Emirati entrepreneurs to take advantage of the available investment opportunities related to the real estate sector such as technical services, maintenance contracts and others. It also recommended that the concerned authorities should join hands to set fixed standards for the design of buildings in order to guarantee the requirements of public health, security, safety and reliance on clean energy. Moreover, the attendees stressed the importance of collecting data and information locally and federally to identify the ingredients and challenges of the real estate sector and the future opportunities, as well as organizing meetings between officials and experts to anticipate the real estate future and to increase the cooperation in the developments of the sector, especially in light of the diversity of its modern technologies. This came during the real estate Majlis that came to discuss the reality and future of the real estate sector and its impact on the industrial sector in the Emirate of Ajman and the UAE and to monitor the purposeful opinions and proposals and the impact of the Corona pandemic on the real estate sector. The Majlis was attended by Abdullah Al Muwaiji, Chairman of Ajman Chamber, along with Mohammed bin Abdullah Al Hamrani-Board of Directors Member of the Ajman Chamber, Mohammad Ali Al Janahi, Acting Director General of the Ajman Chamber, Omar bin Omair, Director General of the Department of Land and Real Estate Regulation-Ajman, and representatives of government entities and real estate offices. The hybrid Majlis was held at the headquarters of the Ajman Entrepreneurship Centre, to allow as many as participants to attend it remotely through the visual communication. The Majlis addressed several themes, including the impact of the Corona pandemic on the real estate sector, the future of the real estate sector in the country, the new technologies and the industrial expansion and its impact on real estate development. Commencing the Majlis, Al Muwaiji stressed its importance and the role played by it in shedding light on the reality and future of the sector in Ajman and the country in general. He also emphasized the direct impact of the real estate sector on all economic, tourism, educational and other activities. He added, "The real estate and construction sectors are integrated, and each of them has a direct impact on the other, because of their significant contribution to the emirate's GDP. Both sectors contributed to the emirate's GDP by 19% during 2019 with 6% from the real estate and 13% from the construction." He also stressed the importance of integrating efforts and enhancing direct communication with government entities and private establishments, as well as community members through organizing such meetings and Majlis because of their positive contribution and effects in the development process. Abdullah Al Muwaiji continued, "The industrial sector has a positive relationship with the real estate sector, so the more one of them develops, the more the other grows. Therefore, the launch of the national strategy "Operation 300bn" that aims at increasing the contribution of the national industrial sector to the GDP to Dhs300 billion in 2031, reflects the great interest of the leadership and government in the country to the industrial development." He also emphasized the continuity of urban development in the UAE under a prudent leadership that provides an infrastructure meeting the requirements of the real estate sector, in a legislative environment and flexible and fast procedures that ensure easy transfer of properties and preserve the rights of the parties.