Shahram Safai, partner, was team leader for the ‘government services’ sector at the Invest in Dubai Real Estate Property Think Tank Program, which took place on the 26th and 27th of May 2021 at the Address Dubai Marina Hotel.
Invest in Dubai Real Estate, an initiative of the Dubai Land Department, in partnership with the International Property Show, brings the most influential Property Think Tank Program where participants from various sectors will collaborate and develop new solutions to address challenges in their fields to help uplift the real estate industry.
Government services was one of eight sectors at the two-day Think Tank which also included Real Estate Finance, Knowledge, Facility Management, FDI, Marketing, Lifestyle, Sustainable Cities and Prop Tech. Each sector was represented by a group of different real estate professionals for each day, who organised brainstorming sessions to come up with smart outcomes for specific problems (within that sector) that need further attention and exploration.
Shahram, and the government services team, brainstormed the issues of cancelled and delayed projects and the effectiveness of the new special judicial committee announced in 2020 for such projects, monitoring and enforcement by RERA of brokers and management companies (entities that RERA is responsible for), and the implementation of new JOP Law 6 of 2019. The team came up with recommendations which were presented to all delegates at the end of each of the two-day Think Tank.
Invest in Dubai Real Estate Property Think-Tank is one of the primary forums for gathering external feedback on real estate in Dubai. Recommendations presented during the two-day Think-Tank will be considered by government and industry stakeholders in their future plans and decision-making process.