20.03.2019, 12:46

Dubai Property Festival 2019 (26-28 March)

Preparations are being finalised for this year’s Dubai Property Festival which is organised by Dubai Land Department’s Real Estate Investment Management and Promotion Center.

The three-day event is a marketplace for local and foreign investors in the Emirate’s property market, and showcases developments from many of its largest developers.

Billed as a ‘one-stop shop’, the event is also attended by banks and financial institutions, legal services providers, local and international real estate agents, and built environment professionals.

Purchasers from India headed the list of foreign nationals investing in the Emirate’s residential property market in 2018, accounting for some AED 10.8 billion (£2.2 billion) of transactions. They were followed by investors from the United Kingdom (AED 4.3 billion or £886 million) and Pakistan (AED 2.8 billion or £577 million).

Faced with a regional economic slowdown as a result of falling oil prices and representations from businesses about excessive ‘red tape’ and rising costs of living, Dubai has recently relaxed restrictions on foreign ownership of businesses and property under a new foreign direct investment (FDI) law.

The event will be held at the Dubai World Trade Centre (DWTC) – visit www.dubaipropertyfestival.com for more information.