DLD showcases wide range of projects at WPIS in Mumbai

Business Bureau, Gulf Today

The Dubai Land Department (DLD), through its Promotion and Real Estate Investment Management Sector, led a group of local real estate developers to the World Property & Investment Show (WPIS) 2019. The show was co-organised by DLD in cooperation with Mindscape Exhibitions and held in Mumbai, India on October 19 and 20, 2019. Through the show, DLD succeeded in highlighting a wide range of outstanding projects and the latest investment initiatives.

Sultan Butti Bin Mejren, Director General of DLD, said: “India is considered one of the key partners of Dubai and the UAE. There is a large Indian community in the country, where its members are active in all sectors and contribute to the local investment horizon. Such exhibitions help us highlight Dubai’s unique features to capitals seeking the best havens and opportunities. During the show, we briefed them on DLD’s attractive and unique factors compared to its counterparts in the region and the world as well as on the latest legislation and government initiatives.”

Majida Ali Rashid, CEO of the Promotion and Real Estate Investment Management Sector at DLD, commented: “Our participation in organising the first edition of WPIS 2019 in Mumbai embodies our ever-growing relationship to develop key sectors in both countries. Based on statistics issued by DLD, Indian investors have the highest investment rates in Dubai, investing more than $280 billion in Dubai’s real estate market to date with what the Emirate offers in a high-quality lifestyle, a remarkable mix of state-of-the-art facilities and services, traditional values, safety, happiness, transparent and convenient procedures, and tax benefits as well as its ideal geographic location.”

The show witnessed the participation of 60 exhibitors from 30 countries and over 5,000 distinguished visitors. It also served as an ideal platform for all real estate products, including residential and commercial projects and luxury villa and apartment units, whilst highlighting the characteristics of real estate sustainability. Visitors found several opportunities to collaborate and get acquainted with professionals, experts, and consultants from individuals and institutions. The show also witnessed the presence of real estate brokerage institutions and entities responsible for managing private wealth. Developers had the opportunity to hire brokers and real estate representatives in the Indian market and launch marketing campaigns to promote their projects there.

One of the most important opportunities provided by the show was a specialised two-day platform that allowed participants to interact with wealthy investors and showcase their projects to potential investors through the promotion opportunities provided by the show. In addition, meetings and exhibitions were arranged between exhibitors, channel partners, and online portal owners. The show witnessed the presence of leading international investment institutions and end-users.

The city of Mumbai was chosen to host the show as it is the richest Indian city, with a total wealth of more than $820 billion, where more than 46,000 millionaires and 28 billionaires live, as well as for being the financial capital of the country with a total annual output of $330 billion.

Meanwhile, DLD signed a memorandum of understanding (MoU) with The Institution of Structural Engineers (IStructE) under which the parties will coordinate as necessary in the field of professional standards in the public interest of Dubai.

The MoU was signed during IStructE’s annual conference, held for the first time in the Arab world in Dubai on September 29 and 30 at a local hotel. The conference witnessed the participation of some of the best structural engineers in the world.

Sultan Butti Bin Mejren said: “We continue to spare no efforts to find the best partners around the world, ensuring that we continue to showcase our position, especially as Dubai has become a hub of excellence in all sectors. Through this partnership with IStructE in the UK, we will work to develop the skills of our engineers by providing them with a membership to the most prestigious and specialised institution, in addition, to cooperate to share Dubai’s experience with other countries, thus opening the prospects for collaboration with more countries in the future.”

Martin Powell, CEO of IStructE, commented: “IStructE has many members throughout the world and is especially proud of the contribution of those based in the UAE. We are always pleased to develop new relationships, and supporting DLD to enhance the professional skills of its engineers is an important step in the development of both organisations. Together, we are most definitely stronger in the service of our respective communities.”