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As Dubai continues to set the pace for construction in the Gulf region,
MEED - the business information specialist and conference organiser -
has announced details of its fourth Dubai Mega Projects Conference. The
event will take place on 3 and 4 March 2008 at the Al-Murooj Rotana
Hotel in Dubai. The conference will provide insights into upcoming mega
projects and look in detail at progress of existing projects such as
Dubailand, Bawadi and Waterfront.
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. The aim of the
city's mega projects is to provide a mix of residential, commercial,
leisure and tourism facilities to satisfy this 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
property market very desirable, especially when surrounded by
commercial and leisure facilities that are available in many mega
project plans.
Edmund O'Sullivan, Chairman, MEED Events said:
“Dubai can claim to be the current worldwide leader in mega projects.
The range, scope and scale of what has been launched and what is
planned is truly inspiring. MEED’s Dubai Mega Projects Conference
brings together all of these visionary ideas into one place. We will be
looking at new projects as well as examining progress on more
established developments.”
Matt Joyce, Managing
Director-Waterfront, Nakheel who is speaking at the conference added:
“Nakheel is one of the world’s largest and most innovative real estate
developers. We are a major player in the transformation of Dubai and
the creator of some of the world’s most iconic developments. We are
changing the map of Dubai, playing a key role in shaping the city’s
future with a portfolio of landmark developments that will add more
than 1,000 kilometres of new waterfront and create homes for 3,000,000
people.
“Waterfront is perhaps the largest and most ambitious
urban development project in the world to date: a real ‘megaproject’.
Located on the Western shores of Dubai, Waterfront will transform empty
desert and sea into an international community for an estimated
population of 1.5 million people that is twice the size of Hong Kong
Island. The conference will give attendees the chance to gain a
valuable insight into what it takes to build such a city; an exemplar
sustainable city that is founded on the principles of resource
efficiency, social equity, and economic prosperity.”
Other
confirmed expert speakers include: Nicholas MacLean, Managing Director,
CB Richard Ellis; Michael Proffitt, Chief Executive Officer, Dubai
Logistics City; Saeed Ahmad Saeed, Chief Executive Officer, Limitless;
and Khalifa Al Zaffin, Director of Projects, DP World.
With an
array of industry leaders and government officials already confirmed to
attend, the event promises unrivalled opportunities for developing new
business partnerships and new investments.
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