Out of the box

50 years ago and another to come.. and the next is more important than the past

Ismail Al Hammadi

November 30, 2021

Fifty years ago and another fifty years to come. In the past fifty years, the desert has turned into towers, lakes, water canals, gardens and green spaces, and the real estate sector has gone a long way to make Dubai a city not only for successful real estate investment, but also a city for real estate tourism.

The mega projects of the city and its high towers have attracted the eyes of the world and its media lenses towards it, at a time when other countries boast of their ancient heritage as a tourist attraction. Dubai has mixed its past and present to make its real estate icons and major entertainment projects the winning card in its transformation into the most important tourist city in the region.

Between fifty years ago and fifty years to come, it can be said that the real estate sector in Dubai has reduced 25 of the next fifty years to its current life through its achievements and the digital transformations witnessed by its various services, while many cities are still including this step within their future projects.

Rapid changes have occurred in the sector and the market and the great achievements it has achieved, enabling Dubai to climb the ladder of success and fame at a steady and accelerating pace, which makes us cherish these gains, but we must realize that what is coming is more important than the past, and it will face new challenges, the biggest of which is preserving the gains that have been made. Achieving them during the past fifty years, and working to strengthen them for the better and for the better. If we see ourselves today as excellent, then we must be more privileged and distinguished later.

Reports and reality indicate that the real estate field in Dubai has reached a stage of maturity, and in the next fifty years the sector will lead a new generation, whose first task will be not to allow the post-maturity gains to be eroded, and the achievements to be squandered. As a gift, it is the result of great efforts and great strategies that were pumped into the field, and human energies watched to apply them, and it is time for these energies to be renewed to complete where the previous one ended up.

The new blood is what will create the next real estate phase, and the issue of its establishment and formation starts from now to continue the momentum, blood that has the full ability to manage crises and deal intelligently with developments, this point has been credited with making Dubai and the state in general at present, because the next biggest goal In the real estate sector, it is not development and construction. This stage took its full right in the first fifty. Rather, the goal is to create a strong support to protect the sector’s gains from cracking and fluctuation, with the development of investment attraction mechanisms. The prevailing generation about the growth of societies in general is divided into three generations: a generation that builds and establishes, a generation that lives blessed with those accomplishments, and a generation that reaches luxury for those accomplishments, forgets how it started and how to develop it, and then it dissipates.

In short, today we are moving from the fiftieth stage to the centenary stage, and we must move to it in peace and security.

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