One of the three leading Dubai developers, Damac Properties will present the emirate as a safe haven for overseas investments in the housing sector during its promotional tour across three continents.
Thirty-day campaign, the main purpose of which is to draw attention to the Dubai real estate sector, will put Dubai in the most favorable light to the investors in India, the UK and Kenya. In each of these countries Damac will participate in the main regional real estate exhibitions of the fall. The developer will take part in the Property Investor & Home Buyer Expo in London, UK on October 9 and 10; then Damac will participate in the Times Property Show in Delhi on October 10 and 11; and, finally, visits the Kenya Homes Expo in Nairobi from October 15 to 18.
“Dubai remains one of the most attractive investment cities in the world,” said company Senior Vice President Niall McLoughlin.
“With a safe & secure environment, appealing business terms, stunning weather and of course, some of the most beautiful homes anywhere, Dubai is well placed to attract overseas investment,” he said.
Among the main Dubai’s ‘master cards’, which Damac will use during its promotional tour, Niall McLaughlin has named the security and economic stability of the region, substantial investment in the modern urban infrastructure, as well as the ease of doing business, favorable tax laws and the transparency of the regulatory legislation.
Dubai is currently seeing a huge rise of the tourism sector. More than seven million tourists have visited Dubai in the first six months of 2015, which amounts to a nine per cent growth in visitor’s year on year. Thus, Dubai hospitality real estate market is growing adequately fast, with other market segments catching up. Damac, solely, has delivered more than 14,000 new units and has a development portfolio of over 37,000 units at various stages of progress and planning, as of June 30, 2015.