Dubai Land Department, DLD, plans to explore new destinations for promoting the emirate’s attractive real estate market through its flagship event, the Dubai Property Show.

This follows DLD's successful exhibitions in Hong Kong, London, Mumbai, and Shanghai, the last two of which generated AED1.2 billion and AED800 million of investments respectively.

At a ceremony hosted during Cityscape Global 2017, the DLD signed a Memorandum of Understanding, MoU, with Sumansa Exhibitions, the organisers of the Dubai Property Show, with the aim of further strengthening ties between the two parties to take Dubai’s real estate across the globe. Majid Al-Marri Senior Director Real Estate promotion department, and Sultan Al Suwaidi, Partner at Sumansa Exhibitions, signed the MoU.

DLD, together with the Dubai Property Show, will be launching a ‘Global Investment Promotion Plan’ to venture into key investment destinations around the world and drive new investment in Dubai’s real estate market. The plan features exhibitions, roadshows, conferences, and annual stakeholder meeting hosted by DLD’s Real Estate Investment Management and Promotion Centre.

Majid Al-Marri, Senior Director Real Estate Promotion Department at Real Estate Investment Management and Promotion Centre, the Investment arm of Dubai Land Department, said, "We are pleased to be reinforcing our strategic partnership with Sumansa Exhibitions at a time when Dubai’s real estate market is ideally poised to attract greater outside investment. Our partnership with Sumansa has already allowed us to reach important investment countries including China, India and London, and we look forward to exploring new avenues to build on this success."

Speaking at the ceremony, Sultan Al Suwaidi said, "Our experience with Chinese, Indian and British investors has been very encouraging and has convinced us to take the Dubai Property Show to further countries. We are fortunate to have the support of DLD in all of our ventures, and now, with a stronger partnership and further assistance, guidance and backing from the department, we can reach out to more destinations than ever before. We have already hosted multiple exhibitions in China, India and London, and we are now planning to explore Russia over the coming year."

Source: Wam