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DLD participates in WPIS 2019 in Mumbai
23/10/2019
DLD participates in WPIS 2019 in Mumbai

Dubai, UAE, 26 October 2019: As part of its efforts to strengthen its relationships with investors in major global markets, Dubai Land Department (DLD), through its Promotion and Real Estate Investment Management Sector, led a group of local real estate developers to the World Property & Investment Show (WPIS) 2019. The show was co-organised by DLD in cooperation with Mindscape Exhibitions and held in Mumbai, India on 19 – 20 October 2019. Through the show, DLD succeeded in highlighting a wide range of outstanding projects and the latest investment initiatives.

HE Sultan Butti bin Mejren, Director General of DLD, said: “India is considered one of the key partners of Dubai and the UAE. There is a large Indian community in the country, where its members are active in all sectors and contribute to the local investment horizon. Such exhibitions help us highlight Dubai's unique features to capitals seeking the best havens and opportunities. During the show, we briefed them on DLD’s attractive and unique factors compared to its counterparts in the region and the world as well as on the latest legislation and government initiatives.”

Majida Ali Rashid, CEO of the Promotion and Real Estate Investment Management Sector at DLD, commented: “Our participation in organising the first edition of WPIS 2019 in Mumbai embodies our ever-growing relationship to develop key sectors in both countries. Based on statistics issued by DLD, Indian investors have the highest investment rates in Dubai, investing more than $280 billion in Dubai's real estate market to date with what the Emirate offers in a high-quality lifestyle, a remarkable mix of state-of-the-art facilities and services, traditional values, safety, happiness, transparent and convenient procedures, and tax benefits as well as its ideal geographic location.”

The show witnessed the participation of 60 exhibitors from 30 countries and over 5,000 distinguished visitors. It also served as an ideal platform for all real estate products, including residential and commercial projects and luxury villa and apartment units, whilst highlighting the characteristics of real estate sustainability. Visitors found several opportunities to collaborate and get acquainted with professionals, experts, and consultants from individuals and institutions. The show also witnessed the presence of real estate brokerage institutions and entities responsible for managing private wealth. Developers had the opportunity to hire brokers and real estate representatives in the Indian market and launch marketing campaigns to promote their projects there.

One of the most important opportunities provided by the show was a specialised two-day platform that allowed participants to interact with wealthy investors and showcase their projects to potential investors through the promotion opportunities provided by the show. In addition, meetings and exhibitions were arranged between exhibitors, channel partners, and online portal owners. The show witnessed the presence of leading international investment institutions and end-users.

The city of Mumbai was chosen to host the show as it is the richest Indian city, with a total wealth of more than $820 billion, where more than 46,000 millionaires and 28 billionaires live, as well as for being the financial capital of the country with a total annual output of $330 billion.

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