Dubai Land Department appoints Century 21 to promote real estate in US

US investors bought AED4bn of Dubai property in last three years
Dubai Land Department appoints Century 21 to promote real estate in US
By Jeremy Lawrence
Sun 11 Feb 2018 05:11 PM

Dubai Land Department (DLD) has signed a partnership agreement with Aqari Global Ltd ‘Century 21’ United Arab Emirates to promote real estate in the US.

His Excellency Sultan Butti bin Mejren, Director General of DLD, commented on the partnership: “We pay close attention to the US market, especially as US investors are among the top foreign nationalities to invest in Dubai’s real estate market each year. The US is full of investors looking for exceptional investment destinations around the world, and Dubai is certainly capable of answering this demand with the city’s diverse investment opportunities.”

Her Excellency Majida Ali Rashid, Assistant Director General and Head of the Real Estate Investment Management and Promotion Center, the investment arm of DLD, added: “Over the past three years, US investors have made 2,298 investment transactions worth over AED4bn. US investors managed to achieve a leading position among the top ten foreign national investors during the same period, ranging from seven to nine in terms of value and number of investments.”

Aqari Global Ltd ‘Century 21’ will help attract investments and introduce investors to the services provided by DLD globally. The company will also support DLD by participating in exhibitions and overseas real estate promotions organised by DLD in the US.

Shadi Bteddini, CEO of Aqari Global Ltd ‘Century 21’, said: "As DLD’s real estate promotion trustee in the US, we will raise awareness of the real estate opportunities available in Dubai among US investors, comply with regulations and legislation, provide assistance in English, and host orientation sessions. Our approach is to create a platform where US investors feel encouraged, safe and protected”.

Century 21 is one of the world's leading real estate sales companies with more than 7,500 offices in 80 different countries. The company was established 45 years ago and now operates in major markets across the world.

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