Ajman to hold first real estate conference

AJMAN, 26th November, 2016 (WAM) — Leading real estate experts and investors from the GCC and Middle East region will discuss ways to boost sustainable development at a one-day conference to be held next month in Ajman.

The event will be organised by Real Estate Regulatory Agency – Ajman (ARRA), the state-run institution mandated with regulating the real estate activities and developments in the emirate, at the Ajman Emirates Hospitality Centre on December 14.

The “Ajman Real Estate Conference 1” will be held under the patronage of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Members and Ruler of Ajman, under the theme ‘Sustainable Development According to Global Standards’.

”It will focus on the emerging trends in the real estate domain in Ajman and is aimed at harnessing the potential of the real estate sector in the emirate, said Yafea Al Faraj, the Executive Director of ARRA, at a press conference on Saturday.

The real estate regulator is expecting distinguished delegates and investors from the GCC region and Middle East along with International Real Estate bodies.

It will also see key developers from Ajman showcasing the real estate project pipeline in the emirate and its envisioned future.

Yafea Al Faraj, the executive director of ARRA, said the conference will serve as a great platform to showcase the vast growth potential in the Ajman real estate sector.

“We expect a strong participation of investors across the globe and insightful deliberations during the forum, which will help bring international best practices to the fore,” he noted.

”The conference is being held amidst burgeoning trends for the Ajman real estate,” he said.

In the year to date, real estate related transactions were valued at more than AED1.5 billion. More than 18,000 freehold units were transacted during this period, up 39 per cent on 2015.

”The real estate sector in the emirate is proceeding on the right direction and attracting investors and businessmen from more than 60 nationalities,” he noted.