Dubai, UAE, 2
October 2019: Dubai Land Department (DLD)
participated as 'City Partner’ in the International Real Estate Expo (IREX)
2019 hosted by the Indian capital New Delhi over two days 27 – 28 September
2019. This comes as part of DLD’s keenness to register a distinguished presence
in major international events to promote Dubai’s real estate market and
highlight the unique opportunities this sector offers investors.
HE Sultan Butti
bin Mejren, Director General of DLD, said: “India has long been one of the
UAE's leading partners, where the UAE hosts a large Indian community that
contributes to the growth of various sectors, especially the real estate
sector. DLD’s participation in IREX with leading developers in the Emirate
represents our ongoing efforts to reach out to potential investors around the
world, especially as our presence adds transparency to developer activities and
supports their offerings. At the same time, our platform at international
events and exhibitions helps us answer investor questions about investment mechanisms.
We also showcased our latest initiatives and applications that allow investors to
remotely Identify opportunities and complete their transactions at any time.”
IREX is one of
the leading promotional events for global properties and luxury developers.
This year, the fifth edition attracted a large number of visitors wishing to
explore destinations that offer the best options for investors seeking premium
properties around the world. The expo attracted 80 companies representing more
than 20 countries from around the world, and over 1,500 visitors.
Rashid, CEO of the Promotion and Real Estate Investment Management Sector at
DLD, commented: “We chose to participate in IREX 2019 India to affirm the
growing ties that the UAE has with this country in various key areas.
Furthermore, reports and statistics from DLD show that Indian investors are
ranked among the highest foreign investors in Dubai’s real estate market. They
are investing in Dubai because the city offers them a high-quality lifestyle
with modern facilities, and they feel safe and secure in a transparent
investment environment with low tax rates. We hope that our efforts will
attract more foreign direct investment into the sector.”
participation of Dubai as City Partner in IREX was organised by the Promotion
and Real Estate Investment Management Sector, the promotional arm of DLD, with
a selection of developers who made extensive presentations to visitors to introduce
them to all that is new and distinctive in the Emirate, many of whom expressed
a high degree of interest in real estate investment and to make Dubai their
speech at IREX 2019, Majid Al Marri, CEO of the Registration and Real Estate
Services Sector at DLD, affirmed that DLD’s participation in this event came following
initiatives and directives launched by HH Sheikh Mohammed bin Rashid Al
Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for
the sector, its regulation, and the provision of sustainable growth engines,
which helps developers align with national directives and strategies to support
the Emirate's high ambitions. He added that DLD always seeks to find
communication channels with its customers to update them on all developments
related to this sector and support developers to reach the global market.
IREX provides a unique opportunity for
international real estate developers, marketing companies, investment promotion
agencies, and hotel chains to benefit from international investments offered by
leading developers in India and other countries, making it one of the finest
specialised real estate platforms.
Last updated 08/12/2019 06:20:23 AM
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