Monday 17 June 2019

Dubai property fest to host top international developers

DUBAI, March 22, 2019

Leading international real estate investors are set to take part in the three-day Dubai Property Festival which kicks off on March 26 and runs for the next two days.

The property festival is an initiative of the Dubai Land Department (DLD) through its investment arm, the Real Estate Investment Management and Promotion Centre.

The event comes at a time when Dubai is implementing business-friendly policies to sustain an excellent investment climate, said a statement from DLD.

This include policies which aim to attract higher influx of foreign investment within the parameters of the UAE FDI Law which was signed in the latter part of 2018, as well as policies on business immigration allowing a property investor to secure visa through property purchase.

DLD has also been pro-active in ensuring Dubai property investors benefit from a transparent process using technological solutions to record transactions and from DLD’s efficiency in issuing registrations and permits.

Dubai real estate sector has already made a headway in the first 11 month of 2018 with an impressive influx of foreign investment in the emirate's properties.

While Emiratis rank first with Dh11.5 billion ($3 billion) investment, among foreign nationals, India tops the list with investment value of Dh10.8 billion, it stated.

Britishers come next with Dh4.3 billion investments; Pakistanis with Dh2.8 billion and Jordanians with Dh1.5 billion, said the data from DLD, attributing the volume of transaction made by non-Emirati investors to its active and dynamic efforts.

This year’s Dubai Property Festival will see an impressive roster of international investors, which include chief executive officers, top representatives of various organisations, institutional investors, real estate funds, real estate agents, and other major real estate investors, said the statement.

This edition of Dubai Property Festival will accommodate top property developers to showcase their attractive projects to local and international investors. It will also help sustain Dubai’s position as the world’s safe haven for property investments, it added.-TradeArabia News Service


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