Leading real estate professionals talk sustainability, AI, compliance at the World Realty Congress Summit

Leading real estate professionals talk sustainability, AI, compliance at the World Realty Congress Summit

26 December 2023, Gulf News

The World Realty Congress, a new comprehensive summit comprising the reputable International Real Estate Community Management Summit (IRECMS), REM TIMES Realty Confex, and CAM G10 summit, received an overwhelming response from the industry on its grand debut at the Movenpick Grand Al Bustan, Dubai. Held from December 12-15, and sponsored by the like of LOAMS and Urbanise, the four-day World Realty Congress included a host of deep-dive masterclasses, insightful seminars, and keynotes from leading global real estate professionals on relevant subjects like the adoption of AI in community management, life-cycle sustainability, and compliance with evolving regulations.

IRECMS, back for its fourth edition, conducted masterclasses that pushed the bounds of conventions by touching upon how real estate professionals can prioritise mental health, 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 organiser.

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 recognised 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.

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