Page 16 - Union Properties PR Report - December 2023

12/27/23, 2:24 PM Sustainability and AI highlighted at World Realty Congress Summit - GulfToday
manage their personal finances, and improve their soft skills. On the industry front, the
IRECMS Conference brought insightful and interesting perspectives on sustainability, zero
tolerance toward collapses, the management of luxury properties, the role of community
management in design, the use of AI in real estate management, and the importance of
governance and compliance. Supported by leading professional associations such as CAI,
SCA, CAMICB, and MEFMA, the World Realty Congress is in sync with the changing
contours of compliance in real estate globally.

“We created the World Realty Congress to unite the entire real estate ecosystem, fostering
learning, celebration, and collaboration. It is not just about addressing issues but also
embracing the essence of the industry, from celebrating successes to exploring new frontiers.
The overwhelming response to our inaugural edition solidifies our ambition to make the World
Realty Congress the world’s foremost real estate conference. Together, we will redefine the
industry,” noted Jatin Deepchandani, CEO of Plan3Media Event Management LLC, the
organizer.

Exhibitors, including innovators at the intersection of real estate and emerging disciplines like
climate tech, gathered in good numbers, leveraging the opportunity to engage with
professionals from sub-industries such as developers, brokers, facility managers, community
managers, and property consultants. Many exhibitors have confirmed their attendance for the
next edition in 2024, encouraged by the summit’s unique approach to multi stakeholder
participation.

REM TIMES Realty Confex added a nuanced dimension to the summit by delving deeper into
sub-markets such as affordable housing and luxury properties in the UAE. It underscored the
importance of each such segment for the holistic growth of the real estate industry and the
larger economy. The FDI inflow into the branded housing segment was among the key talking
points. REM Times Realty Confex recognized and felicitated 12 key players, including Union
Properties, DAMAC Properties and Sobha Realty, for their continued valuable contributions to
the regional real estate industry.

IRECMS’ reputation for merit-based award culture was on full display at the Gala Night. The
glitzy event saw 52 deserving winners across 26 real estate-centric categories walk away with
the prestigious IRECMS Dubai Award 2023. The rigorous award-selection process involved
28 global expert jury members who, over the course of a few months, spent over 300 hours
assessing 108 presentations on people-centric approaches, value creation, sustainability
outcomes, and innovative operations.

Dubai Community Management and Nakheel Community Management were among the big
winners, taking the Gold Award for the ‘Best Community Management Company of the Year’.
As part of the summit, Nakheel Community Management hosted an ‘International
Community Tour’ for the global delegation, giving them the rare pleasure of experiencing the
behind-the-scenes management of the landmark Palm Jumeirah. The World Realty Congress
is set to return in 2024 with a promise of a bigger and better agenda and events.

Plan3Media (P3M) is a unique event management company that conceptualises original
event ideas and transforms the ideas into thriving, intellectual event properties through
seamless end-to-end execution. Founded in 2015, P3M focuses primarily on international
business conferences, seminars, and community events.

Meanwhile, the real estate and properties transactions valued at 16.6 billion in total during the
week ending 22 December 2023. The sum of transactions was 3,785.

216 plots were sold for Dhs 4.91 billion, 2,729 apartments and villas were sold for Dhs 7.49

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