The Dubai Land Department (DLD) has hosted this month in Dubai the third international meeting to discuss the International Property Measurement Standards (IPMS). The event was organised by the International Property Measurement Standards Coalition (IPMSC).
Members of the IPMS Standards Setting Committee, consisting of representatives from ten countries, attended the three-day forum, which was inaugurated by Sultan Bin Butti Bin Mejren, Director General of the DLD. It was also attended by representatives from the US, the UK, Germany, Belgium, Australia and South Africa.
The meeting discussed the final version of IPMS Offices. The final document will be published by the IPMSC next month.
“Through the DLD, the UAE is the first country to formally adopt IPMS in the real estate industry,” said Bin Mejren. “We are delighted to have been able to host distinguished guests from around the world for the third meeting of the committee. That the event took place in Dubai is recognition of the prestige that we have reached in the field of real estate regulation.”
During the first two days of the conference, sessions were held to agree on the proposed standards, with other experts from the US, India, China and Japan participating through video conferencing. The third day had an open workshop in conjunction with Dubai Municipality and the major local developers to discuss the implications of adopting the IPMS in Dubai.
Mohamad Khodr Al-Dah, Director of Technical Affairs at DLD said: “Dubai’s government was the first governments in the world that announced its support to the IPMS and this shows our commitment to regulating the real estate sector in Dubai to the highest international standards.”
Source: Property Weekly