Brand View: Every property developer should offer support to the Dubai real estate committee, says Yahya Alkan, CEO of World of Wonders Real Estate Development.
Dubai's new Higher Committee of Real Estate has been widely welcomed by developers in the emirate, with some calling it a vital move to regulating the market and establishing a sustainable balance between supply and demand.
Yahya Alkan, CEO of World of Wonders Real Estate Development, said the committee will work best with the support from all developers in Dubai.
“The directive from HH Sheikh Mohammed bin Rashid Almaktoum is a great step forward towards pushing the real estate industry to fulfill its entire potential," said Alkan.
"The role of the private sector is extremely important in supporting the vision of a thriving real estate economy in Dubai. I believe this is a great opportunity to offer the committee all the support it requires from each player in this industry for the improvement of the sector. Both private and public entities complete each other, and it is great to see that we will soon be working even more closely to achieve our common goals.”
While some suggested that there should be a seperate committee for the private sector, Alkan said all developers should give the committee every support it needs.
“I’m sure the committee’s role for a more thriving real estate economy will not be an easy one, however with the support from all those involved in this industry, it would be easier to accomplish. We are extremely positive and hopeful for the success of the committee and for this big step forward. As a participant of the private industry, we are ready to provide our full support where needed to help the committee achieve its goals,” Alkan added.
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