Dubai launches New York office as it chases more US property investors

Dubai Land Department inaugurates real estate promotion trustee office in New York in partnership with Aqari Global Ltd
Dubai launches New York office as it chases more US property investors
The office will work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors.
By Sam Bridge
Mon 12 Nov 2018 09:53 AM

Dubai Land Department (DLD) has inaugurated a real estate promotion trustee office in New York in partnership with Aqari Global Ltd.

Sultan Butti bin Mejren, director general of DLD, said the new office will contribute to promoting investment opportunities in Dubai’s real estate market.

The office will provide customer relations, enquiry, and specialised services that help attract investments, and will introduce investors from around the world to the services provided by DLD.

In addition, the office will participate in real estate exhibitions and external workshops organised by DLD and its partners across the United States, a statement said.

It added that the office will also work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors.

Bin Mejren said: “The new office will contribute to promoting investment opportunities in Dubai’s real estate market in light of the emirate’s unique advantage over other markets, in addition to the high returns on investment, whether for investors or real estate developers, compared to other cities around the world.”

Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, added: “We work to position Dubai as the world’s premier real estate destination and a byword for innovation, trust and happiness????, as well as to maintain the attractive investment opportunities US nationals can obtain in Dubai’s real estate market."

Rashid stressed that the real estate promotion trustee office will be the focal point for developers in Dubai to reach out to the US market.

He highlighted the importance of the US market for Dubai, saying US investors are among the top foreign investors in the emirate's property market, adding: “There is a large number of American investors looking for the best investment destinations around the world.

"We are confident that Dubai's diverse projects, attractive features, and legislation that protect investors' rights will provide them with a variety of options that cater to their needs.”

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