Masood Al Awar, CEO of TASWEEK
TASWEEK Real Estate Marketing & Development, an advisor and solutions provider serving the real estate markets, discussed market fundamentals and movements across the Gulf at Cityscape Qatar 2012, the local version of the world’s largest real estate event brand running from today, Wednesday, May 23 to 25, 2012 at the Doha Exhibition Centre.
Masood Al Awar, CEO of TASWEEK, reviewed real estate statistics from 2011 to the present and made market forecasts. He analyzed market fundamentals driving the need to adapt to the paradigm shift from a supply-driven to a demand-driven market. The TASWEEK official also encouraged participants to set standards for more reliable market statistics and support enhanced transparency and consistency in data and market analyses.
A speaker for major real estate events in Abu Dhabi and Dubai, Masood also provided snapshots of the Doha, Jeddah, Abu Dhabi and Dubai markets.
“Based on prevailing local and regional trends, we can expect GCC markets in general to begin moving out of the bottleneck in Q4 of this year and kickstart growth from 2013. Now is the ideal time to review and improve industry practices and adjust to market realities. Qatar and the rest of the GCC states have what it takes in terms of infrastructure and finances to engineer a rally and maintain its global leadership in the real estate business,” said Masood.
Over 2,000 international participants are already registered to attend Cityscape Qatar 2012, which will feature more than 200 leading developers, architects and consultants. TASWEEK will interact with some of the region’s leading industry players and decision makers to discuss how to enhance the Gulf’s business potentials.
Since commencing commercial operations in 2009, TASWEEK Real Estate Development and Marketing has emerged as a respected one-stop shop for property development. Its services include Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. TASWEEK recently announced a USD 250 million property portfolio which will leverage ongoing market and investment recovery particularly in growth areas such as the Gulf.