Dubai Land Department (DLD) will launch the third edition of the Dubai Property Show in London on Friday as the emirate looks to lure more British real estate investors.
The show, which runs from November 16-18 at the Olympia London, will bring together real estate companies like Nakheel, Falconcity of Wonders, Sobha Realty along with real estate brokers, banks, and lawyers.
Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, said: “Dubai is one of the most attractive cities for foreign investors, and Dubai Land Department has always been exploring ways to enhance the sustainable growth of the real estate sector.
"The emirate is on a lot of UK residents’ radars, especially when considering the substantial number of British expatriates that we are glad to be serving. It is, therefore, our pleasure to host Dubai Property Show in London again, and look forward to organizing more events of this nature.”
According to the statistics issued by DLD’s Department of Real Estate Studies & Research, British citizens have emerged as the second-highest foreign investors in Dubai real estate.
A total of 29,125 British investors concluded 47,877 real estate transactions worth over AED88 billion since their entry into Dubai’s real estate market.
Himanshu Gupta, general manager at Sumansa Exhibitions, organisers of Dubai Property Show, said: "With the increase in investments from British buyers, Dubai has become an attractive proposition for investors, second home buyers, holidaymakers, and businessmen.
"The Dubai Property Show garners an immense amount of interest from potential buyers and investors and will be a platform to encourage investment and educate people about the legalities and processes as well."For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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