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1 - The housing market place is heading into a correction. Households will keep that you can buy more time and much less bidding wars will arise.

El Burai confirmed the awards programme is open to all providers running in the real estate sector, regardless of whether personal or general public, and may involve a diverse array of various classes.

The GCC (particularly, the UAE and Saudi Arabia) has produced substantial strides On this space by acquiring complete and sturdy methods to ensure sustainable advancement within their real estate sectors.

The industry is updated 2 times per year just in case market place dynamics transform. The impacts in the Russia-Ukraine war are viewed as at a rustic-unique stage.

All corporations that work while in the Gulf real estate sector, no matter if public or non-public, may possibly take part in the awards application, which includes 21 categories that focus on achievement and range between dynamic business owners or start off-ups, to thriving SMEs or huge corporations.

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Mark Hamill, Handling Director of Awards Intercontinental UAE — the organisers from the awards —commented: "We're happy to companion with Dubai to start a regional award that has grown to be a landmark for real estate excellence and is particularly staying sought with the location's foremost organizations and personalities. The award will proceed its accomplishment from year to 12 months. "

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These are generally earth-course awards which recognise Skilled excellence while in the real estate sector and in the area, and they are targeted at developing the very best specifications of functionality amongst the different stakeholders With this field.

“Nonetheless at this stage, the Saudi Arabian real estate industry is not as refined as that of Dubai’s. It’s still young and needs time to acquire, that can come about since the regulatory authorities come to be more proven as well as the buyers’ assurance grows.”

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The 2nd edition was extremely productive and consolidated the awards programme's posture as quite possibly the most prominent event attracting industry leaders from through the area.