DLD sees new policies, Expo 2020 to drive growth of property market

Business Bureau, Gulf Today

The Dubai Land Department (DLD) will organise the 16th edition of the International Property Show (IPS 2020) at Dubai World Trade Centre from March 24 to 26, amid high optimism that new government policies and Expo 2020 Dubai will drive the growth of the emirate’s property market in 2020 and beyond.

The IPS will offer a perfect global platform for top-tier investors, real estate companies and industry leaders from across the world to share knowledge and expertise as well as to make the most of its B2B networking meetings to strike new strategic partnerships and profitable deals.

The three-day mega property event is the best place for property developers and real estate professionals to showcase their current and future property projects. IPS is an excellent podium to highlight investment opportunities in the local market.

Dawood Al Shezawi, President of the International Property Show (IPS 2020) said: “The International Property Show is an extraordinary and all-inclusive platform that brings together top-notch exhibitors and property investors from diverse sectors to build long-term relationships with customers and provide them with rewarding business and investment opportunities. IPS also offers them numerous options to showcase and promote their commercial and residential projects, within a conducive investment environment that allows them to discover the best ways for local and international investment in the real estate market.”

Al Shezawi added: “During this year’s edition, visitors can benefit from the best deals, special discounts, exclusive offers and other incentives offered by banks, insurance companies, real estate agents and developers, such as reduced down payments, exemptions from registration fees, flexible payment plans and postponed delivery-all are available only during the three-day fair.”

The 2020 edition will offer an excellent opportunity to strike up a good bargain, network with industry leaders and gain valuable market knowledge. “We are confident that IPS 2020 will be a resounding success that would surpass the 2019 edition,” he noted

IPS 2020 will also assist in gaining a crystal-clear insight on the latest trends and updates on the global real estate industry to keep pace with the developments in the local and regional property sector. It also offers an opportunity to learn about the art of presenting new real estate offers from the best real estate developers.

Al Shezawi emphasised that organizing the 16th edition of IPS is definite evidence of the Dubai real estate market’s ability to continue to attract foreign investment and compete with global investment destinations, thanks to simplified procedures and strong legislation that protect investors.

The UAE’s property market is expected to pick up this year on the back of new government policies and decisions issued recently and successively by the UAE leadership to ease doing business in the country, such as the Foreign Direct Investment Law (FDI Law) on protecting foreign investors. With these new policies and mega property projects, the UAE’s real estate market will continue to see a sure and steady growth.

DLD is dedicated to ensuring that property investors in Dubai can benefit from its transparent procedures using technological solutions in registering their transactions as well as from its efficiency and professionalism in the issuance of official documents and permits.

According to DLD’s latest statistics, Dubai’s real estate transactions amounted to Dhs119 billion in the first half of last year, compared to Dhs111 billion in the same period in 2018, an increase of 7.2 per cent. In November 2019, Dubai’s total property transactions ((Sales and mortgages only) touched Dhs20.5 billion, compared to Dhs11.4 billion in November 2018, an increase of 80 per cent. Non-resident property investors account for 44 per cent of the total investors, while 6,000 new investors registered with the Land Department in the first half of last year, with 8,807 employees are working in the sector.

According to analysts by property experts, the record transactions concluded in Dubai in November 2019 will drive the growth of Dubai’s real estate market. Government policies, the Expo 2020 Dubai and new opportunities will undoubtedly have a positive impact on the property market.

The 2020 edition will see the participation of many top-tier investors from across the world. where many have expressed their desire to expand their investment scope in Dubai, such as CEOs, senior representatives of various institutions, institutional investors, real estate investment funds, real estate agents and others.

A galaxy of the world’s top property developers will make the best use of the IPS platform to showcase their attractive projects and innovative ideas for local and international investors during the three-day event, thereby reinforcing Dubai’s position as an idyllic real estate investment destination.