Dubai Mega Projects Conference on 3rd & 4th March |
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The fourth Dubai Mega Projects Conference will take
place on 3 and 4 March 2008 at the Al-Murooj Rotana Hotel in Dubai to
provide insights into upcoming mega real estate developments and look
in detail at progress of existing realty projects such as Dubailand,
Bawadi and Waterfront. The conference is organized by MEED, the
business information specialist and conference organizer in the region.
With Dubai’s population set to more than double to 3.5 million
and tourist numbers to rise to 15 million by 2010, growth in the
construction industry will continue. Dubai’s mega real estate projects
aim is to provide a mix of residential, commercial, leisure and tourism
facilities to fulfill the demand of the growing population and large
tourist influx.
A strong rental market in Dubai currently
offers yields of up to 10% per annum driven by high demand for property
especially among the expatriate community who makes up 80% of the
population. This, combined with low purchase and sales costs,
increasing availability of mortgages and high quality build make the
real estate market in Dubai very desirable, especially when surrounded
by commercial and leisure facilities that are available in many mega
project plans.
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