With a mandate to promote Dubai around the world as a preferred real-estate investment destination, Dubai Land Department (DLD) has successfully concluded two roadshows and a number of workshops in Moscow, Russia and London, UK.
The initiative aimed to familiarize 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, and DLD has launched these roadshows to promote the Dubai real estate sector in different markets around the world starting with Moscow.
Global nationals, including Brits, Russian, Indian and Pakistani have traditionally been attracted to Dubai’s premium real estate offering, which features relatively lower prices compared with New York, Paris, Hong Kong or Singapore. Dubai’s climate, excellent flight connections with larger cities, its well-developed social infrastructure, and abundant leisure facilities all attract foreign buyers and investors.
Her Excellency Majida Ali Rashid, Assistant Director General and Head of the Real Estate Investment Management and Promotion Center, the Investment arm of DLD, commented on the event: “Dubai real estate has been a favorite for buyers from Russia and the UK, and through these exclusive roadshows we would like to reach out to important target audiences — which 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”.
“Dubai is strategically located between Europe, Asia, Africa, and centrally among Middle East countries, and offers a cosmopolitan culture and an amazing lifestyle to over 209 nationalities. The Dubai Real Estate market is booming and now is an ideal time to invest in Dubai”, H.E. Majida emphasized.
H.E. Majida concluded: “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% 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% per year”.
Mr. Majid Saqr Al Marri, Senior Director Real Estate Promotion - Real Estate Investment Management and Promotion Center at DLD, said: "Properties in Dubai provide some of the world’s best investor returns in terms of 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 approaches.”
The Russian Business Council in Dubai and the Northern Emirates (RBC), represented by the Head of the Investment and Real Estate Department Oleg Lavrik has also attended DLD’s Roadshow in Moscow. Oleg Lavrik noted the growing interest from Russian investors to what Dubai developers have to offer, especially in the off-plan real estate sector, and stressed out the importance of establishing further mutual dialogue between the UAE and Russian Federation in the investment field, which is strongly facilitated by such events as the DLD’s Roadshows.