Dubai’s real estate market…global, smart, and sustainable
Dubai Land Department: 9,500 new real estate investors invest more than AED 19 billion in Dubai
Bin Mejren: Dubai’s real estate market is at the forefront of global markets, attracting investments
Dubai, United Arab Emirates, 30 September 2018: Dubai Land Department (DLD) announced that Dubai’s real estate market is consistently sustainable, attracting about 9,500 new investors from 1st January – 31st August 2018 with total value of investments worth more than AED 19 billion.
HE Sultan Butti bin Mejren, Director General of DLD, commented: “Dubai’s real estate market acquired a sustainable reputation due to a range of innovative initiatives and proactive solutions that have made it the world’s most attractive investment destination, with the most advanced solutions, applications, and smart services that ensure customer ability to conclude transactions easily, transparently, safely, remotely and at any time.”
Bin Mejren added: “For years we strived to position our real estate market as the preferred choice, in pursuance of the vision of HH Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Our smart solutions played a key role in consolidating Dubai’s position as a preferred investment destination that provides a legislation system that protects investors’ rights, as well as great privileges in recognition of their trust in our real estate market, and for choosing the Emirate as a safe haven for their long-term investments in the real estate market.”
The influx of new investors is evidence of their eagerness to benefit from the opportunities and return on investments guaranteed by Dubai’s attractive real estate market. Bin Mejren stressed that the economic sectors in the Emirate, especially the real estate sector, are in line with the UAE’s Strategy for the Future. DLD considers this strategy as a main principle in achieving Dubai’s development aspirations over the next years.
This is all in line with Smart Dubai’s objectives for sustainable growth, consistent achievement and development, and for meeting the global competitiveness challenge.
DLD is the strategic partner of the 17th edition of Cityscape Global, taking place from 2 – 4 October. Through its delegates, DLD will welcome visitors and investors to answer all their queries, helping them make investment decisions and best take advantage of the great offers that developers will be providing during the event. As Cityscape is the largest world-renowned event for real estate investment and development in emerging markets, DLD will showcase Dubai’s smart and sustainable features that place it at the forefront of global real estate markets.
The coming years will witness new waves of investors whose interests will be focused on the stability of the real estate market, which provides them with satisfaction and trust, allowing them to achieve sustainable returns on investment.