The Future of Real Estate Forum

Period from January 23 to 25, 2023, under the auspices of His Excellency the Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail, is witnessing an intense discussion of the legislative systems and their executive regulations in the field of the real estate sector, including disputes and the mechanism of Real estate arbitration, through a series of introductory sessions and workshops, with the participation of a group of experts specialized in real estate affairs, in addition to the participation of dozens of thought leaders, consultants, businessmen and investors from inside and outside the Kingdom.The topics of the sessions and workshops will address, through discussions, the system of legislative systems and local regulations that contributed to building an attractive competitive environment and governance that led to raising the quality of real estate services and overcoming obstacles, which contributed to preserving the rights of dealers in the real estate sector, which in turn contributed to promoting sustainable development in the real estate system. The topics will also deal with best international practices and experiences in the real estate sector.

During the working sessions and workshops, the participants and speakers will discuss a number of topics related to real estate in all its aspects, including real estate infrastructure and its impact on strengthening the Kingdom's position as an attractive destination for real estate investment, real estate evaluation, local and international practices and experiences, in addition to real estate disputes and alternative means, and registration. Al-Ainy for real estate, real estate technology, and future challenges for the real estate system. The axis of artificial intelligence, the Internet of things and big data in the real estate sector will also occupy a large space and a wide discussion by the thought leaders and entrepreneurs participating in the forum.

One of the most important themes that the participants will discuss in the forum is the theme of urban development and smart cities of the future that bear a civilized dimension, through which the best and latest innovative technology solutions are used that include the areas of economy, humanization, governance, the standard of living of residents, ease of movement within cities, and environmental sanitation, which generally targets Improving the quality of life, raising the efficiency of urban operations and services, and the ability to compete, in order to meet the economic, social and cultural needs of current and future generations.It is noteworthy that there are a number of real estates legislative systems approved by the Council of Ministers, during the last period, including the real estate registration system and the real estate brokerage system, and its implementing regulations. These systems have a positive impact on achieving a good return on GDP in the real estate sector, in addition to making this sector attractive to local investment. And the foreign one, as these systems are extremely vital for the sector in attracting foreign companies to enter the Saudi real estate market, increasing its effectiveness and enhancing the competitiveness and marketing capacity of real estate.

The series of the Real Estate Future Forum comes with the aim of contributing to improving the performance of the real estate sector in the Kingdom in general, as well as improving the performance of real estate establishments, especially small and medium ones, and raising the quality of the tools they use and the services they provide, in addition to expanding job opportunities for the country’s young men and women in the various fields of the real estate sector. The forum will discuss ten strategic axes that include various aspects of the real estate sector in the Kingdom, and their compatibility with the real estate system regionally and globally, through a number of various sessions and workshops. An accompanying real estate exhibition and hackathon will also be held on the sidelines of the forum, with the participation of bodies, entities, institutions and companies from inside and outside. The kingdom.