DUBAI, (Pakistan Point News - 30th Sep, 2018) Dubai Land Department, DLD, announced that Dubai’s real estate market is consistently sustainable, attracting some 9,500 new investors from 1st January – 31st August 2018, with the total value of investments worth more than AED19 billion.
Regarding these investors, Sultan Butti bin Mejren, Director-General of DLD, said, "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 ensures the ability of customers to conclude transactions easily, transparently, safely, remotely and at any time."
"For years we strived to position our real estate market as the preferred choice, in pursuance of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai. Our smart solutions played a key role in consolidating Dubai’s position as a preferred investment destination that provides a legislative 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," he added.
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 to be a main principle in achieving Dubai’s development aspirations in the near future. This is in line with Smart Dubai’s objectives for sustainable growth, consistent achievements and development, and for meeting the global competitiveness challenge.
DLD is the strategic partner of the 17th edition of Cityscape Global, taking place from 2nd to 4th October. Through its delegates, DLD will welcome visitors and investors to answer their queries, helping them make investment decisions and take advantage of the attractive offers that developers will be offering during the event. As Cityscape is the world-renowned largest 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.
Officials note that 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.
