The Dubai Land Department (DLD) has launched its 2018 real estate promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm.
DLD held a press conference in the presence of Sultan Butti bin Mejren, director-general of DLD, Majida Ali Rashid, assistant director-general and head of the Real Estate Investment Management and Promotion Centre, and a number of key partners from development companies and real estate promotion trustee offices, reported Wam, the Emirates official news agency.
Bin Mejren said: "We are pleased to begin this year by meeting our colleagues from the local and international media to inform them of our future plans to promote the real estate sector in Dubai. We promise everyone a schedule of activities and events that contribute to enhancing transparency in this sector and strengthening Dubai's position in line with our vision to establish the emirate as the world's premier destination for innovation, trust and happiness.
"Our local and regional partnerships have achieved several positive outcomes as they have allowed us to interact directly with investors looking for ideal investment options. Dubai has earned a bright reputation among the world’s real estate investors and buyers, and we believe it is our duty to provide them with a clear picture of our city and where our real estate sector is headed. The competition between developers is healthy and friendly, and the Dubai real estate market continues its sustainable growth and maturity."
Ali Rashid said: "Dubai is a safe environment for living, working and investing. Thanks to its diversified economic climate, which is capable of attracting business across all sectors, as well as promising growth activities and new industries, Dubai has been able to achieve a leading position in the region. All of these features ensure not only that the investor works in an ideal environment, but also that the emirate continues its sustainable growth and success."
Rashid added that DLD received a total of 10,000 visitors at the Shanghai, Mumbai, Moscow and London editions of the Dubai Property Show (DPS) with the majority being investors interested in Dubai’s real estate market. The value of bookings and sales made at these exhibitions reached nearly Dh3 billion ($816 million).
Commenting on the Real Estate Investment Management and Promotion Centre’s 2018 real estate promotion plan, Rashid revealed more details about the DPS, which will be held in London, Shanghai, Mumbai and Moscow this year.
In addition, a range of real estate roadshows and workshops will visit many continents and regions of the world in Africa, America, Asia, East Asia, Europe, and the Middle East. DLD will also participate in a series of specialised real estate investment conferences and exhibitions both locally and internationally in 2018.
Dubai Property Show and Property Week will be held in Shanghai in May 2018 before moving to Moscow in September and Mumbai in December.
Roadshows will be organised throughout 2018, reaching many cities in Africa, America, Asia, East Asia, Europe, and the Middle East, and DLD is also expected to be a strong participant in many foreign real estate exhibitions. The conferences will showcase the initiatives and services that the Real Estate Investment Management and Promotion Centre provides for investors, as well as its role in promoting Expo 2020 as an official supporter of the event.
During these events, DLD’s delegates will seek to promote Dubai's attractive investment environment and the factors that make real estate investment in Dubai such an appealing prospect.
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