This year’s edition comes on the heels of successful exhibits in London and Shanghai … reports Asian Lite News.
Dubai Land Department (DLD) has organised the 10th edition of its Dubai Property Show (DPS) in Mumbai with the participation of a number of leading developers.
The premium real-estate exhibition, which is set to run from 7th – 9th December, was inaugurated by HE Mohamed Saleh Ahmed Al Jalah Al Teneji, Consul General of the UAE in Mumbai, HE Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency (RERA), HE Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, Majid Al Marri, CEO of the Registration and Real Estate Services sector at DLD, and a number of real estate executives from both Dubai and India.
This year’s edition comes on the heels of successful exhibits in London and Shanghai where DLD and its partners garnered significant attendance and interest.
HE Majida Ali Rashid said: “DLD has chosen the most important cities in the world to focus on its promotional agenda, considering several factors, most important of which is the record of investors in the Dubai real estate market. Previous exhibitions have demonstrated the validity of this strategy, as it has been an effective and attractive promotional platform for real estate investment in Dubai, especially as we contribute towards providing the key players in the sector, and help maintain confidence among all parties by ensuring successful transactions.”
Rashid confirmed that according to the statistics issued by DLD’s Department of Real Estate Studies & Research, Indian nationals have consistently been the highest foreign investors in Dubai real estate; This year, 3,696 Indian investors pumped AED 8.17 billion into Dubai’s real estate within the first nine months across 4,414 investments, while the Dubai real estate market attracted 38,800 investors with 75,345 investments worth more than AED 149 billion. With a strategic location, guaranteed rental yield, and regulations and legislation that are set in place to protect the rights of all parties, Dubai continues to be an attractive proposition for foreign investors.
HE Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: “Falconcity of Wonders LLC, the developer of the megaproject Falconcity in Dubai, continues its stride of the Dubai Property Show with the third destination, Mumbai, India. After Shanghai and London this year, the developer is going to India. In the recent years, Indian buyers have been one of the top 5 investors who see a lot of potential in Dubai’s real estate. In fact, Dubai Land Department’s statistics show that the first quarter of 2018 invited AED 3 billion through 1,550 transactions by Indians and they ranked second with investments totalling to AED 15.6 billion in the 2017. This gives a very encouraging boost to Falconcity as a developer who will be showcasing the premium and luxurious 5-star fully serviced hotel apartment at the Mumbai property event. The rapid progression on serviced hotel apartments at Falconcity comes from the idea of accommodating the huge influx of tourists and visitors during the Expo 2020, proving to be a great opportunity for investors.”
PNC Menon, Founder & Chairman of Sobha Realty said: “Dubai has been a hotspot not only for businesses but for all sectors like tourism and real estate for the past few years. Dubai is considered a viable international hub because of its consistent and steady economic growth, good infrastructure, city planning and ease of access to the rest of the world. Its inviting and inclusive culture and tolerance for multiple nationalities is welcoming and beneficial for residents and businesses alike. Investors will benefit from Dubai being considered the most sustainable city in the region and a safe haven in terms of real estate investments. With prime properties developed in Dubai by Sobha, it has earned recognition for great quality as the number one brand in India for the last 4 consecutive years and one of the top real estate companies in the Arab world.”
Menon added: “Dubai offers a range of exciting projects that caters to every need and fancy of the investors. Sobha Hartland, surrounded by 2.4 million square feet of greenery and set along the Dubai Water Canal, enjoys the unique advantage of prime location backed by over 42 years of expertise. With Hartland Greens, Waterfront villas, and Hartland Estates Townhouses, Sobha Realty continues to set a benchmark in offering wold-class bespoke living experience.”
A new real estate promotion trustee office in India was inaugurated in conjunction with DPS, which is significant considering that Indian investors were atop the list of foreign investors in Dubai’s real estate market. The exhibition aims to bring together Dubai real estate experts, developers, and consultants all under one roof for seamless interaction with potential Indian Investors who are looking for an ideal destination to meet their investment aspirations.
The exhibition is being held at the Bandra-Kurla Complex in Mumbai. Participants are keen to offer a diverse range of properties that meet all expectations and financial capabilities of the most likely investors, including luxury apartments and villas, beachfront properties, and commercial spaces.
Free seminars by qualified professionals will also be conducted at the event to educate investors about spending on property in the UAE and the upcoming hotspots for financing. Free legal services will also be available to help visitors understand legal matters related to UAE real estate laws, rules and regulations, and new purchases, as well as how attractive Dubai’s real estate environment is and an explanation of the legal environment to stimulate investment.
Platinum sponsors of DPS include Falcon City, Nakheel, and Sobha, while Gemini is a gold sponsor. The list of government partners includes Consulate General of United Arab Emirates in Mumbai, Dubai Chamber of Commerce and Industry, Dubai Police, Knowledge and Human Development Authority, and Dubai Tourism. Emirates Airlines is the partner for air transport, Q4 Consultants is the real estate registration trustee in India while Medallion is the international real estate registration trustee. JLL is a strategic real estate partner among others.
