The initiative aims to familiarise residents of Russia and the UK with the Dubai property market.
DUBAI- With a mandate to promote Dubai around the world as a preferred real-estate investment destination, the Dubai Land Department, DLD, has organised two roadshows and a number of workshops in Moscow, Russia on 24th and 25th November, in addition to two scheduled launches in London, the UK on 3rd and 4th December.
The initiative aims to familiarise residents of Russia and the UK with the Dubai property market and its real estate developers. Russian and British nationals are amongst the top investors in Dubai.
Majida Ali Rashid, Assistant Director-General and Head of the Real Estate Investment Management and Promotion Centre the Investment arm of DLD, said, “Dubai real estate has been a favourite for buyers from Russia and the UK, and through these exclusive roadshows we would like to reach out to important target audiences that include high-net-worth investors, individual buyers, groups of investors looking to invest in multiple units, institutional investors, and developers or financial institutions looking to invest in bulk units. The roadshows are a unique opportunity for participating developers to engage with an important target market and present what they have to offer in these two countries.” “Dubai is strategically located between Europe, Asia, Africa, and centrally among Middle East countries, and offers a cosmopolitan culture and a fantastic lifestyle to many nationalities. The Dubai real estate market is booming and now is an ideal time to invest in Dubai.
“Dubai is a hotspot for UK property investors with its luxurious lifestyle, world-class infrastructure, high rental income, very good returns on investment and up to 50 percent finance available for foreign investors. UK nationals are one of the top tourists to Dubai, and UK investors’ visit Dubai each year, and have been increasing by 10 percent per year,” Rashid explained.
Majid Saqr Al Marri, Senior Director Real Estate Promotion – Real Estate Investment Management and Promotion Centre at DLD, said, “Properties in Dubai provide some of the world’s best investor returns regarding appreciation and rent. More than 14 million visitors arrive in Dubai every year looking for short-term rental opportunities, and this number is expected to grow to 20 million by 2020 as Expo 2020 Dubai approaches.”
© Copyright Emirates News Agency (WAM) 2017.