DUBAI, Business News: Cityscape 2021, the International Real Estate Investment and Development Event held at the brand-new Dubai Exhibition Centre on the Expo 2020 grounds last week, saw regional and international real estate experts come together to network, create joint ventures and discuss the future of real estate over the four-day networking summit and conference. This year, the event featured a line-up of specialised networking events providing investors and developers with the opportunity to interact face-to-face.
Among these were the Cityscape Intelligence Talks, a range of discussions at which experts discussed the future trends and issues facing the local and global real estate market. One such session featured local entrepreneur and property expert, Ismail Al Hammadi, the CEO of Al Ruwad Real Estate in Dubai, who took a deep dive into which cities MENA real estate investors are looking at in 2021 and beyond.
Al Hammadi noted that 2021 has been a year of recovery for the real estate investment field in a majority of countries around the world, saying that the industry learned a lot and was able to swiftly adapt to market trends during 2020’s pandemic measures. He noted, “Resilience and agility have emerged as the key prospects for success and investors are now looking for new opportunities in countries that have managed to pass through the pandemic and its affects faster than other countries. Due to the foresight of the government, the UAE has led the world in COVID testing and vaccinations, and this fast recovery is building a solid ground for development and growth at a healthy pace in the real estate sector.”
Al Hammadi shared his insights on the most promising cities in the region being looked at by investors, including Dubai, Abu Dhabi, Cairo, Riyadh and Muscat, explaining that while property goes through boom and bust cycles like every other investment, it remains a stable asset.
