Coldwell Banker Real Estate has announced Dubai as the venue for its upcoming global master franchisor meeting.
Representatives and real estate experts from eleven countries will convene in May to discuss strategies to capitalise on growth in their respective regions.
“Growth in financial services, trade, logistics and tourism has contributed heavily to Dubai’s emergence as a global place to do business,” said Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC.
“The emirate has emerged as a safe, family-friendly and low-tax environment, which combined
with its connectivity to other global centres, has fuelled its real estate market over the last decade.
“Keeping in mind Dubai’s global hub status, Coldwell Banker has selected it to host our master franchisor meeting.”
The meeting comes on the heels of an upswing in the emirate’s real estate sector: the Dubai Land Department recently recorded $14.9bn worth of real estate transactions in the first quarter of 2016.
Meanwhile, the value of foreign investments in Dubai’s real estate sector totalled more than $3.2bn for the same period, with 6,391 investors of 105 nationalities channelling funds into the emirate’s real estate market.
“Dubai’s real estate sector is entering a lucrative phase in the lead up to the Expo 2020, and as long-term players Coldwell Banker sees heavy potential in this sector. The emirate’s real estate market continues to mature and stabilise as a result of strategically implemented government regulations, and this translates into more investors choosing Dubai as a real estate destination,” said Ayman Youssef, vice president of Coldwell Banker’s Dubai base, Coldwell Banker Mega Homes Real Estate.