Sunday, March 26, 2017

Qatari investors 'eyeing Dubai property market'

Dubai is fast turning into a key real estate investment destination for Qatari investors thanks to its safe haven status and guaranteed on-going returns on investment, said industry experts.

The city provides golden opportunities for real estate investments due to its competitive prices as compared to other cities in the world, they stated.

Owing to these factors, there has been a spurt in the number of Qatari investors entering the Dubai property scene with the number surging to hit 1006 last year with total investments worth Dh2 billion ($544 million), said a Dubai Land Department (DLD) report released ahead of an industry event in Dubai.

The International Property Show 2017 will be held from April 2 to 4 at the Dubai World Trade Centre focusing on providing the best investment opportunities for Qatari investors and buyers.

"Dubai is a prime destination for real estate investments. It is the most preferred destination for the investors from GCC in particular," remarked Dawood Al Shezawi, the chief executive of Strategic Marketing & Exhibitions, organisers of the International Property Show, which is officially supported by Dubai Land Department (DLD).

Dubai’s real estate market holds this strong position in the country due to its powerful legislation as well as the continued efforts of the government which support this vital sector, it stated.

"As a result, the International Property Show is a significant event supported by the government, which seeks to create and develop an effective platform for all key stakeholders under one roof," remarked Al Shezawi.

"One of the main attractions of the event is the fact that it is the first-of-its-kind that will allow direct real estate deals, subject to the authorisation offered by Real Estate Regulatory Agency (Rera)," he said.

"This implies that all the exhibiting companies will have the right to receive down payments or full payments for the properties they sell. This is a golden opportunity for those who are seeking direct deals to benefit from the great offers during the show," he added.-TradeArabia News Service



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