Dubai transactions exceeded 68.5 billion Dirhams in the first two months of 2016
The World Registry Law Congress of the International Public Relations Association (IPRA) 2016's global conference, which is aptly titled 'CINDER Dubai 2016,' continues on a strong note for its second day in a row.
Organized by the Dubai Land Department in collaboration with the International Property Registries Association (IPRA-CINDER), the conference's activities are geared towards facilitating discussions around trending topics such as real estate registration law and smart registration by industry experts from around the world. Day two of the conference will include two official meetings on parallel session, in addition to a round table, from 9AM to 4PM at the Ritz Carlton Hotel at Dubai's trendy Jumeirah Beach Residence.
The event started with a speech from HE Sultan Butti Bin Mejren, Director General of Dubai Land Department, followed by a speech from Nicholas Nojarules, General Secretary of IPRA_CINDER and Fihan Alfayez Colombia republic ambassador.
Sultan Butti Bin Mejren, Director General of Dubai Land Department, said: "Dubai Land Department has a comprehensive vision that aims to transform Dubai to the first global real estate destination, through an approach based on innovation, in order to gain the confidence of all our customers and provide the best level of service to all customers, investors, developers and tenants."
Bin Merjen added: "The Dubai Government was able to make Dubai's real estate sector a key, while the number of existing projects in Dubai have reach a record high of 717. These numbers carry a lot of positive results, as it means that Dubai is sustaining its momentous growth in this sector, in addition to our ability to deal with renewable growth levels in Dubai."
Sultan Al Akraf, Senior Director Real Estate Registration Department, Dubai Land Department, said: "In light of our first opportunity to host such a big event in the UAE, we are delighted and pleased with the huge presence of formidable attendees at this conference. The organizers and sponsors are showing a remarkable effort in promoting Dubai's image as a premium choice for events of this caliber. The ability to accommodate over 500 participants will surely be added to Dubai's many commendable achievements in this area."
He added, "In the first session of the conference on "Policy Choice in Registries," many factors played a crucial role in effectively positioning Dubai as an international and global business hub thanks to factors such as transparency, the ability to gain investor trust and maintain property rights, the creation of a flexible legislative system to protect the rights of investors, and its sophisticated infrastructure, investment return and the diversity of its properties."
Duaa Dablan, Senior Deputy Director – Real Estate Investment Management & Promotion Center spoke about the concept of remote registration, of which he said, "The Investment Promotion Center is working hard to expand Dubai's real estate across continents, and we will soon be launching the second phase of the investment map which is characterized by intelligence and transparency, and supported by features such as purchasing and selling which are not available in any of the other sites."
The prestigious event is under the sponsorship of Nakheel Properties, Dubai's leading real estate company, as the main sponsor of the event, while Emirates Real Estate Solutions is the technical partner. Dubai Media Inc., the official media organ of the Dubai government, has signed on as the media partner. In addition, Meydan Sobha will also be sponsoring the event.
Dubai Land Department will hold an official closing ceremony of the conference on Wednesday evening at Meydan, where the will announce the name of the winning country to host the twenty-first session of Cinder Conference in 2018.