Leading developers, property owners and institutional bodies from over 12 countries are showcasing
properties worth $30 billion at the Dubai Property Festival (DPF) which opened its doors on March 26.

The DPF 2019, which is being held in partnership with the International Property Show (IPS), was inaugurated by Sheikh Mohammed bin Khalifa Al Maktoum, the chairman of Dubai Land Department (DLD) and will run until March 28.

The opening was attended by several senior officials including Sultan Butti bin Mijrin, the director general, DLD, Majida Ali Rashid, CEO of DLD’s Real Estate Investment Management and Promotion Sector, Mohamed ben Saud Al Ghezwani, undersecretary of the Ministry of Housing of Real Estate Development and general supervisor of the Wafi program, Saudi Arabia, and Fatna Lkhiyel, secretary of State for the Ministry of National Planning, Urban Planning, Housing and Urban Policy, Morocco.
Addressing the gathering, Bin Mejren said: "We take great pleasure in welcoming you to this edition of Dubai Property Festival, which is a melting pot of golden opportunities in Dubai’s real estate landscape."

"DPF is a reflection of our leadership’s interest in the values that have positioned the UAE as a top player in the world, demonstrating tolerance, co-existence and openness to different cultures," he stated.

With competitive bank interest rates starting from 1.85 per annum and no processing fees on home financing, the show is a strategic platform for end-users, investors and developers to sell their project offerings onsite at much lower prices.

“In this edition, investors will have an opportunity to experience a high-quality life, surrounded with enhanced technological developments, that demonstrates the prestige of the real estate projects in the country. While high-end services and integrated infrastructure are synonymous with Dubai’s real estate ecosystem, innovation, creativity and luxury have positioned the country as a top destination for real estate investments in the world,” he added.

The show kicked off with a session on the global real estate markets and two separate plenary sessions titled ‘Real Estate Investment Climate in Dubai Market Overview: Opportunities and Challenges for the Nearest Time’ and 'Influence of the Financial Institutions Cooperation to the Real Estate Investment Environment for International Investors.'

In addition, training courses were conducted by Dubai Real Estate Institute (DREI) on the inaugural day.      

Speaking at the inauguration, Ali Rashid said: "DPF is going to be the biggest gathering of top real estate developers, investors, government authorities, banks and other financial institutions, legal service providers, home buyers, and all professionals involved in the design and construction of residential and commercial real estate developments."

"We are confident that this year’s edition will be critical to Dubai and the UAE’s flourishing property markets as it will help bring in new leads and business deals to local property developers," she stated.

"It is our hope that we exceed the success of last year’s DPF during which a total of $1 billion in revenues were generated," she added.-TradeArabia News Service