Research shows in-person meetings may yield higher revenues, and additional reports

For PropertyGuru’s news roundup, new research indicates that professionals globally across industries believe their ability to generate revenue could increase if all-important meetings were conducted in person. In other stories, here are six reasons why you should invest in Dubai real estate instead of in London or New York. Lastly, here’s how the Real Estate Regulatory Authority (RERA) benefits sellers and developers in India.

The value of face-to-face meetings: Accor’s research reveals a path to higher revenues

In an increasingly digital business landscape, the value of face-to-face meetings remains undeniable. New research from Accor, a global leader in hospitality, indicates that professionals globally across industries believe their ability to generate revenue could increase by 36 percent if all-important meetings were conducted in person.

According to The Hotel Conversation report, the study underscores a key takeaway: while digital tools like video and phone conferencing are useful, the human connection fostered by in-person interactions is perceived as significantly more effective in driving business success and performance.

The Accor study, which gathered insights from 9,000 professionals around the world, indicates a strong belief among professionals in the power of face-to-face meetings to drive revenue growth. A striking 85 percent of respondents expect that prioritising in-person meetings would significantly boost their revenue, with an average projected increase of 36 percent over the next year.

This statistic highlights the tangible business benefits of face-to-face meetings, suggesting that companies looking to enhance their commercial performance might want to rethink their approach to client interactions.

One respondent stated, “Business professionals expect to close 37 percent more deals if they  were able to conduct all their important meetings face-to-face.” This sentiment is shared by a majority of the professionals surveyed, with 81 percent indicating they believe they would achieve better business outcomes if they could prioritise in-person meetings.

6 Reasons why you should invest in Dubai real estate rather than London or New York

Dubai’s real estate transactions are set to grow 30 percent year-on-year by the end of 2024 as the sector continues to break records for sales, prices, mortgages, and launches, according to the latest analysis from Property Monitor. Annual sales transaction volumes have now surpassed 151,000 and have eclipsed 2023 year-end sales by 13.4 percent.

This phenomenal growth and the overall trajectory of market activity will provide a solid footing for achieving the ambitious objectives of the Dubai Real Estate Sector Strategy 2033, which calls for real estate transactions to grow by 70 percent, raising the overall market value to AED1 trillion.

In addition to the sector’s promising prospects, Economy Middle East lists down the reasons why you should invest in Dubai real estate.

How does RERA help sellers in India?

The Indian government introduced the Real Estate Regulation and Development Act in 2016 to safeguard homebuyers’ interests and ensure transparency in the real estate sector in India. Under that Act, every state has its Real Estate Regulatory Authority (RERA) that sets guidelines and a mechanism to address the concerns of homebuyers, brokers, builders, real estate agents, etc. The regulatory authority lays down specific guidelines for real estate developers and agents, such as several disclosures related to project registration, complete project information, financial details, etc., and takes accountability for any construction defects.

Before investing in a project, homebuyers can equip themselves with relevant information about the project and these RERA guidelines. Similarly, RERA protects the interests of homeowners or property sellers, including developers and real estate agents.

Before the implementation of RERA, the real estate sector was largely unorganised. The regulatory authority not only works towards protecting the interests of homebuyers but also helps developers by laying down guidelines to streamline how businesses operate.

Housing.com outlines some of the major benefits of RERA for developers.

The Property Report editors wrote this article. For more information, email: [email protected].