DUBAI UNVEILS TARGET COUNTRIES OF 2019 FOR REAL ESTATE INVESTMENTS

The Land and Property Department (DLD) has launched its 2019 real estate promotion plan that will showcase the potential for real estate investment in the emirate in 10 countries.

Magda Ali Rashid, CEO of the Investment Management Sector for Real Estate Investment Promotion in DLD, has explained plans for 20 exhibitions, conferences and events in 10 countries, including the United Arab Emirates, Saudi Arabia, Egypt, France, the United States, Canada, China, the United Kingdom, India and Germany.

Sultan Butti Bin Mejren, Director General of DLD, stressed that the choice of countries depends on specific criteria, the most prominent of which are the activities of investors from these countries.

Bin Mejren added: "This year has already been an active year for us after we received a huge delegation from the United States and Singapore. These activities will continue throughout the year to advance the success we achieved in previous years.

There are many aspects that deserve to be highlighted in our real estate market, which will help us achieve the desired results. Dubai remains at the forefront of global investors. "

The 2019 agenda will include the International Property Show in Cairo and Jeddah. Roundtable for investors in Africa and Europe, and a number of Gulf Cooperation Council countries to review real estate investment opportunities in Dubai.

DLD will also participate in the 30th edition of MIPIM, richyevents.com an international event hosted by the French city of Cannes every March.

In addition, DLD will participate in the Dubai Real Estate Festival, the Asian Real Estate Association of America, the annual investment forum in Dubai, Cityscape Global 2019, the London Property Investor Show, the London Real Estate Forum, the 19th Luxury Properties Showcase, and the Beijing Real Estate Exhibition And foreign investment in addition to other activities in Germany, the United States and the United Arab Emirates.

DLD said its promotional plans aim to embrace the diversified international market, provide the best marketing solutions to developers and brokers, and help all parties gain knowledge in various directions.

In October, DLD said it recorded $ 162 billion ($ 44.1 billion) of real estate deals during the first nine months of 2018.

These figures represent a decrease of more than AED40 billion (20 percent) compared to the same period last year, although the total number of transactions increased from 2,000 to 39,802.

Emirati and Indian nationals ranked first among investors from 10 by nationality, followed by Saudis, Pakistanis, and Britons. People from China, Egypt, Jordan, Canada and Russia have rounded the list.