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Sat 20 Jan 2018 01:44 AM

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Dubai to target key Asian, European cities in real estate push

Dubai Land Department says will hold property shows in Shanghai, Mumbai, Moscow and London in 2018

Dubai to target key Asian, European cities in real estate push
Moscow is one of the four key cities that will host the Dubai Property Show in 2018,

Dubai Land Department (DLD) has revealed that its promotion plan for 2018 will again include major shows in Shanghai, Mumbai, Moscow and London.

The promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm, will see the Dubai Property Show returning to the four key cities.

Majida Ali Rashid, assistant director general and head of the Real Estate Investment Management and Promotion Centre, revealed that DLD received a total of 10,000 visitors at the Shanghai, Mumbai, Moscow and London editions of the Dubai Property Show last year, with the majority being investors interested in Dubai’s real estate market.

She said the value of bookings and sales made at these exhibitions reached nearly AED3 billion.

The 2018 plan will also include a range of real estate roadshows and workshops which will visit Africa, America, Asia, East Asia, Europe, and the Middle East. DLD added that it will also participate in a series of real estate investment conferences and exhibitions both locally and internationally this year.

Sultan Butti bin Mejren, director general of DLD, said: “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.”

Bin Mejren added: “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.”