Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), has organised the ‘Innovation in Real Estate Best Practices Event’ to coincide with the announcement of the second edition of the Gulf Real Estate Awards, which will take place in 2018. A select group of professionals from different segments of the real estate sector were invited to the event.

The aim of the event was to encourage the attendees to exchange ideas and experiences, providing the DREI with an opportunity to listen to the views of real estate experts, thought leaders and senior practitioners. The event provided insights into the best practices that will help real estate professionals to make progress and contribute to strengthening Dubai's leading position among global destinations.

Mahmoud El Burai, CEO of DREI, said, "Our ‘Innovation in Real Estate Best Practices Event’ was very important, not only for introducing participants to the second edition of the Gulf Real Estate Awards and the categories that are open to companies to share their success stories, but also in helping us to listen to the views of the workers on the ground in the sector. Their opinions will help us in evaluating the award entries. Following this year’s awards programme, we promise to share a report that will reveal what our real estate market stands for and why it is a model for the whole world."

The event contributed to the enhancement of real estate knowledge among the attendees thanks to the participation of a group of experts from the sector, and created opportunities for real estate professionals to become better acquainted.

It also helped the DREI to introduce the Gulf Real Estate Awards, which is the most prominent awards programme of its kind in the Gulf region, and highlight the benefits it offers to companies applying for nominations across the various categories. Besides creating networking opportunities between real estate companies on the local and Gulf level, a panel discussion also introduced best real estate practices and the importance of innovation in the development of Dubai’s real estate market.

The DREI and Awards International collaboratively announced the launch of the second edition of the Gulf Real Estate Awards, which targets all companies operating in the real estate sector in the GCC.

The participation in the second edition of the awards is open to all companies working in the private and public real estate sector, and the deadline for final submissions falls on 22nd January 2018. The judging panel will announce the finalists on 29th January and the closing and awards ceremony will take place on 21st March next year.