UAE wins three seats on Arello

The United Arab Emirates has won three seats out of 20 in the Board of Directors of the Association of Real Estate License Law Officials (Arello).

Real Estate Regulatory Agency (Rera) Chief Executive Officer Marwan Bin Ghalita, Ajman Real Estate Regulatory Agency (Arra) Director-General Omar Al Barguthi and RERA business development Manager, Rera business development Senior Director, Mahmoud El Borai are the elected members of Arello board.

The country has also made another achievement by becoming the head of District-7 presidency, which includes North Africa and the Middle East and the GCC.

The results came in the elections that have taken place on the sidelines of the annual Arello conference held September 15-18 in Alaska, US, with the presence of a large number of international real estate regulators, agencies and institutions.

The four-day conference discussed a number of topics covering all aspects of real estate along with other issues related to the global economic crisis and ways to surmount recession in the real estate sector.

Real estate regulations, legislation and laws and means to keep pace with the latest developments in real estate were among the issues talked about in the gathering where Dubai and Ajman represented the UAE.

In the conference, Al Barguthi said: “The most important thing that has been achieved through the conference is that the UAE is still and will remain the focus of the world’s attention and trust. UAE’s victory in the elections and winning the presidency of District -7 is just a translation of that faith. On this occasion, I extend my sincere thanks and gratitude to the leadership of UAE for the strenuous efforts exerted in all areas and at all levels. We felt proud and delighted as we raised the flag of the UAE at (geographically) the farthest point of the world.”

Commenting on the achievements, Sultan Butti Bin Mijrin, Director General of Dubai Land Department (DLD) said: “I am proud and delighted for the success that we have achieved. Such achievement was not a surprise to me, but came in line with the expectations that confirm the efforts being exerted by DLD on the local, regional and international levels. It is an inevitable result and a coronation of the teamwork efforts."