Sunday 20 May 2018

Dubai real estate deals hit $11.4bn in 45 days

DUBAI, February 15, 2017

Dubai’s real estate market has kicked off the new year on a positive note with the value of its real estate transactions hitting Dh42 billion  ($11.4 billion) in the first 45 days, said a report by Dubai Land Department (DLD).

With the transactions value nearly half of all 2016 investments worth Dh91 billion ($24.7 billion), the growth now is very obvious in the first 45 days of this year, stated the report released at the press conference by DLD officials.

Addressing the media, Majid Saqer Al Marri, the senior director of Real Estate Investment Management and Promotion Center in Dubai Land Department (DLD), said last year a total of 42,018 investors were inlvolved in the transactions worth Dh91 billion.

“There will be many initiatives in this year’s edition. One of the most important differentiators is the debut of the real estate brokers village in collaboration with DLD. The brokers will offer the best and latest properties in Dubai, and visitors will have special discounts and offers during the three-day show,” said Al Shezawi.

Al Marri was joined by officials from real estate companies who unveiled their plans for the 13th International Property Show 2017 in Dubai, the only show of its kind which allows retail sales and purchases for both local and international properties.

Over 100 exhibitors from 40 countries will be taking part in the expo, representing the cream of the international developers, brokers, consultants, and investors from all over the world, said the event organisers, Strategic Marketing & Exhibitions.

Masood Al Awar, Chief Commercial Officer, Dubai Properties, and Sandeep Jaiswal, Chief Operating Officer, Azizi Developments also attended the press confference.

The show will be held from April 2 to 4 in Dubai International Convention and Exhibition Centre.

Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, said the company works according to a far-sighted vision and clear business plan to promote Dubai real estate sector in a unique manner.

Al Shezawi pointed out that the upcoming show will be quite different by focusing on innovative and creative ways to promote the real estate, and allowing the investors to use the opportunities provided by the show to add real value to both visitors and investors.

Al Marri said DLD will be playing a strategic role at the expo to support local developers.

International Property Show 2017 is being held in sync with 7th Annual Investment Meeting (AIM) 2017 and inaugural ‘Future Cities Show, which gives the three events further strength.-TradeArabia News Service

Tags: Dubai | real estate | transactions |

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