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The DIFC panel at the session.

DIFC seminar discusses future of real estate

DUBAI, September 16, 2015

Dubai International Financial Centre (DIFC) joined hands with global powerhouses Taylor Wessing, HSBC and CBRE for a key seminar where experts discussed ways in which organisations involved in real estate could effectively plan and prosper in the future.

The one-day event was attended by some of the region’s most prominent lenders, financial instructions and property companies who have gained an understanding of how they can effectively plan for the future and understand the challenges ahead.

The experts compared and contrasted Dubai’s real estate market in 2007 and 2015; discussed the impact of Expo 2020; compared the asset classes and what lenders will finance besides explaining security structures, lender protections and enforcement.

These veterans also gave examples of how the region could learn from real estate cycles experienced in the rest of the world.

The session, moderated by Richard Dean, the presenter of The Business Breakfast on Dubai Eye 103.8 FM, was attended by some of the region’s leading industry experts who have played important roles in the progression and recovery of the real estate sector during from the last property downturn including Habib Ullah, the head of banking, Taylor Wessing (Middle East); Andy Armstrong, the global head of real estate, HSBC; and Simon Townsend, director of strategic consultancy, CBRE.

On the seminar, Habib Ullah said: "Taylor Wessing, HSBC and CBRE thought that this was an opportune time to hold this event, not only to celebrate how the region has successfully navigated the global recession but also how organisations involved in real estate can effectively plan and prosper in the future."

Notwithstanding the current state of the real estate market, the UAE has shown itself to be a sophisticated and resilient real estate "market and with the added impetus of Expo 2020, the road ahead looks positive," he noted.

Townsend said: "Real estate is always a much talked about asset class and by bringing together experts from their respective fields, we can address concerns and clear up queries that investors may have about local, regional or international real estate markets."-TradeArabia News Service




Tags: DIFC | real estate | Seminar |

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