Dubai Land Department’s Dubai Property Show was officially inaugurated on Friday (16) at Olympia London, where leading real estate companies showcased their prime properties.
The inaugural event also saw experts doling out advice on how to invest in the Dubai real estate market.
The Dubai Property Show was inaugurated by HE Sultan Butti Bin Mejren, Director General of Dubai Land Department, HE Majida Ali Rashed, CEO of the Real Estate Promotion and Investment Management Sector at Dubai Land Department, HE Rawdha Al Otaiba, Deputy Head of Mission, UAE Embassy in London, along with the platinum sponsors Falconcity of Wonders, Nakheel and Sobha Realty.
Dubai is the second most preferred destination for Brits to invest in and the property show provides an opportunity to find out about every aspect of investing in Dubai
HE Majida Ali Rashed, CEO of the Real Estate Promotion and Investment Management Sector at Dubai Land Department, commented: “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.”
HE Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, pointed out that as a booming economy, tourism has played a pivotal role in putting the Emirate on the world map.
“Dubai has attracted investments from around the world and across a vast array of sectors such as technology, education, medicine and real estate and is ranked as one of the best places to live in the Middle East, promising an excellent quality of life,” said Almoosa.
PNC Menon, founder & chairman, Sobha Group said, “Over the years, Dubai has also emerged as a strong business hub offering various investment incentives and tax-free policies. To top it, the number of Dubai expatriate residents exceed two million, forming a formidable part of the workforce. These factors make it easy to understand why investors from the UK are flocking to Dubai to invest in property. With foreign real estate investments to the tune of AED 162 billion in the first nine months of 2018 coming in from foreign investments, the Dubai property market continues to be the preferred investment destination for various nationalities.”