Balancing Supply & demand crucial for Real Estate Sector
by His Excellency Sultan Butti bin Mejren, Director General – Dubai Land Department
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ordered to establish a dedicated committee to work for balancing the supply & demand in the real estate sector. This is a very wise and visionary move to take our real estate market to the next level and to create a sustainable environment for investors and companies in the sector.
His Highness’ message includes several proactive solutions that can help us face the challenges at an early stage, overcome them, and turn them into opportunities, especially when looking at scenarios from previous eras years, in other countries. Controlling supply and demand will be the key to real estate sustainability for the coming years, along with by dependence on proper planning, especially as it is the first guarantee factor that helps us to reach the objectives of our plans and predefined strategies with great precision.
The Chairmanship of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai will give a very positive experience to the committee, and will give a strategic dimension to the economy. DLD will contribute in making the work of the new committee as easy as possible by providing all information and support to the members. We believe that working together will create a unique opportunity to meet the expectations of our wise leadership.