World Real Estate Congress: All you should know about Dubai’s winning bid
Dubai has won a bid to host the 69th World Real Estate Congress in 2018, bringing the international exhibition to the Middle East for the first time.
The bid was delivered by Dubai Business Events (DBE), a division of Dubai Tourism and the official convention bureau for the emirate, in partnership with Dubai Real Estate Institute (DREI), the educational arm of the Dubai Land Department (DLD).
“Dubai being chosen to host the prestigious World Real Estate Congress – the first Middle East country to do so – is testament to the city’s ambition, both as a dynamic real estate market as well as an established destination for staging high-profile conferences,” Issam Kazim, chief executive officer at Dubai Corporation for Tourism and Commerce Marketing, said in a statement.
“Our successful bid reflects the country’s acclaimed top ranking as a global investment haven and the emirate’s strengths in attracting and hosting international business events of the highest calibre,” he added.
The event, organized by the International Real Estate Federation (FIABCI), is expected to attract more than 1,000 real estate professionals from over 60 countries to explore the “Future of Cities,” in its debut edition in the Middle East.
“This World Real Estate Congress 2018 will strengthen Dubai’s economy by attracting business and leisure visitors, and inward investment into the emirate, not only from the region, but from across the world, further building towards a continued maturation of the Dubai property market,” said His Excellency Sultan Butti bin Mejren, director-general of the DLD.
FIABCE was founded in 1945 in France and had hosted the first international congress in 1948 in the country’s capital. It has now grown into an international organisation, running four world councils: World Council of Brokers, World Council of Managers, World Council of Experts and World Council of Developers and Investors.
In its different elements, the event covers all real estate sectors, including commercial, residential, luxury, retail and industrial.
Every year, the event is held under a different theme. This year’s edition of the World Real Estate Congress was held in Panama, from May 21-26, under the theme of “Connecting Development for a Better World.” It focused on relevant topics, such as affordable housing, Smart cities and international property ethics.