March was a busy month for a group of four Nevada REALTORS members who traveled across the Atlantic and beyond to take in the annual MIPIM real estate conference in Cannes, France as well as the International Property Show and World Exo taking place in Dubai.
Diane Brown, NVR's 2022 Global Business Committee Chair, and committee members Marisa Kagan, Karen Smith and Michael Ring comprised the world-traveling foursome. Kagan is serving as NAR's Ambassador to Italy, Spain and Portugal. Smith is a past Las Vegas REALTORS Chair and Ring is the current LVR vice chair.
All four NVR members are back home and have written short articles, sharing a little about their real estate learning experiences on the other side of the world. Click here to read their insights and hear more about their experiences.
With multiple real estate shows all converging, Dubai trade mission just made sense
By Michael Ring, 2022 NVR Global Business Committee Member
I decided to take part in the trade mission to Dubai because it was going to allow me an opportunity to take part in four conferences at the same time. The first was the International Property Show (IPS) hosted by Invest In Dubai. The conference was attended by leaders from NAR, AREAA and Federation Internationale des Admistrateurs de Bien-Coselis Immobiliers which means "The International Real Estate Federation" (FIABCI) as well as FNIAM, also known as the French National Real Estate Federation.
The conference was small when compared to NAR or MIPIM, but it had many exhibitors from around the world with many interesting projects. The speakers were dynamic and interesting with many panels covering a wide array of topics.
My biggest takeaway of IPS was that that 2022 NAR President Leslie Smith was signing a MOU with the Dubai Land Department, showcasing that women's rights are moving forward. They're nowhere near what they should be, but seeing two very powerful and successful women from different worlds with the same focus was very promising for the future of women in our industry. I am a man that grew up in a very interesting time. I am witnessing the beginning of men and women becoming equal. This is a start. Now, if we can treat all humans equally, then life and business will better move forward.
The second trade show featured on the Dubai Trade Mission was the Annual Investment Meeting (AIM). This was a very interesting meeting and trade show. There were investors from all over the world coming together to talk about the state of investing in the world. Many countries where represented. The speakers were covering all kinds of topics and looking to the future of investing. Over 250 accredited investors were in attendance and featured in the front five rows of the main speaker's venue. Also, the convention hall had many speakers talking on a variety of subjects.
The World Expo was the third convention of sorts and was the size of 60 football fields. It was a city within itself. I could write a whole page just on this. All I would say was WOW! Unfortunately, I did not have enough time to explore it all and it was too crowded. The next one is in Japan in the 2025. If you can make it, I would. Go in the middle when the crowds are smaller.
The final conference was the United Arab Emirates Chapter of FIABCI's opening. This is a great organization and many of my REALTOR friends are FIABCI members. It was great to see them and also tour the stainability village.
The world was already experiencing an acute housing shortage, both in the rental and sales markets , prior to the pandemic. COVID-19 accelerated the dearth of available housing as supply chain challenges collided with a rush of buyers looking for more space fuelled by historically low interest rates.
The recent developments in Ukraine are resulting in a massive refugee crisis, with the potential for displacing over five million individuals, which will only further exacerbate the problem across Europe. Click here to continue reading, including news insights on the impacts of the global housing shortage.
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