About this Event
The Urban Living MEA 2024, takes place at Rove Downtown, Dubai
Now in its fourth year, hospitality and real estate leaders convene at the region's only b2b conference and exhibition on hotels, serviced apartments, branded residences, coliving, student housing, holiday homes and short-term rentals.
NEW FOR 2024:
- case studies
- unique workshops focus
- coliving trends, and their impact on hospitality – exploring what are the real estate business models of the future?
- deep dive into assisted living.
- 'socialising the box' workshop.
- technology sessions: the value of 'trust'; the smart apartment; channel management and distribution; property management.
- battle of the dealmakers and more
WHAT'S NOW? WHAT'S NEXT?
Urban Living MEA is evolving to reflect the rapid pace of change in one of the world’s most vibrant and fascinating hospitality markets. The Middle East and Africa regions continue to actively broaden their tourism and hospitality accommodation offerings to address an increasingly diverse and more sophisticated traveller requirement.The agenda reflects the very latest market dynamics such as technology, operations management, space-as-a-service (SAAS), as well as the ever-present topics that form the bedrock of the industry: finance and investment, design, legal, branding, digital, sales and marketing, distribution and more.
DUBAI REAL ESTATE UPDATE*
- Pent-up demand from travellers and increased spending by residents led the post-pandemic recovery of the real estate sector in Dubai.
- Inflation remains a concern for consumers and is expected to impact sentiment resulting in price discovery and rent increases leading into 2023.
- Occupancy for Dubai averaged 72% at the end of 2022, compared to the same period in 2021, while the average ADR over this period has increased by 22% year-on-year to AED 674. This is higher than the majority of the regional and international markets.
- Average sales prices for residential property in Dubai increased by approximately 10% between Q3 2021 and Q3 2022. Average rents also increased by approximately 21% over the same period.
* Deloitte Dubai market review 2023
Forecasts predict that the real estate sector will reach AED300 billion by the end of 2023. In 2022, sales volumes in the emirate registered AED261 billion, showing a 75 percent increase from AED149 billion in 2021.
The MEA region already has a fast-growing hospitality development pipeline with a wide range of projects from local and international developers and operators. The area is rapidly becoming a global hot spot for hospitality real estate with activity levels ramping up considerably - we look forward to seeing you there!
Event Venue & Nearby Stays
Rove Downtown, 312 Al Mustaqbal Street, Dubai, United Arab Emirates
USD 627.74