UAE property developers may get out of slump through new cutting edge sales solutions

Nov. 9, 2010 - PRLog -- UAE developers to discover new and improved sales model in Abu Dhabi summit

The law of supply and demand is being confirmed in every real estate market in the world today as the consumer becomes the champion of bargain hunting and real value assessment. In the UAE,  and in particular Dubai, developers have had a surprise roller coaster ride, seeing their valuations plummet and end user consumers almost vanish.

However, this excess stock of of built and unsold inventory of quality apartments has created new opportunities for some discerning developers.

According to some industry experts, the vanity of the past is over and smart developers are looking into creative ways to redistribute their precious stock through property swaps with credit notes,  and through repackaging their assets altogether.

In Dubai, where tourism figures have risen in the past two quarters, a new application for developers is apparently on the horizon. To add credence to these new solutions, a forum in Abu Dhabi will offer developers a new option whereby they will create more profit and faster sales velocity through Fractional ownership.

FractionalLife.com is organizing this two day workshop from the new Yas Hotel, Yas Island, near Abu Dhabi on the 23rd and 24th of November. They will bring in the top minds in the space of shared ownership to present winning models which may be adapted and indeed adopted in the UAE.

Top hospitality companies such as Marriot and Wyndham will be on hand to mentor integration of existing residential units into a leisure  and leisure investment application. The event is closed to the public and only authentic developers may attend the summit if they are developing the GCC or Mena region.

Does this mean that part of the future success of UAE real estate will be through fractional ownership and shared ownership solutions?  Time will tell.

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