Saturday, April 22, 2017

Saudi expo to put spotlight on Ajman real estate

The Department of Land and Real Estate Regulatory will be highlighting the potential investment and growth opportunities in Ajman, UAE, mainly in the real estate segment, at a key industry event in Riyadh, Saudi Arabia.

The Riyadh Real Estate & Urban Development Exhibition 2017 (Restatex Riyadh 2017) will kick off tomorrow (April 23) and run until April 26 at the Riyadh International Convention & Exhibition Center.

The Department of Land and Real Estate Regulatory said it will put spotlight on Ajman's growing reputation as an ideal real estate investment destination.

Ajman's real estate market stands at the threshold of a new phase of development, which is right in the midst of the emirate's surge in tourism, construction and infrastructure projects - all forming a friendly environment for foreign direct investments (FDI), it stated.

It is without a doubt that these new projects will help boost Ajman's position as a favorable investment haven for the region.

"We have placed top priority in the efforts to improve and further advance the real estate segment of Ajman, which is part of the move towards sustainable development and economic diversification - keeping in line with the objectives of Ajman Vision 2021," remarked Yafea Al Faraj, the director general, Department of Land and Real Estate Regulatory.

"Our presence at Restatex Riyadh 2017 represents our commitment to reach out to real estate investors and developers from Saudi Arabia; urging them to consider potential opportunities in Ajman's real estate market," he added.
Al Faraj pointed out that Restatex Riyadh 2017 would allow the department to attract more Saudi investors to Ajman.

"In fact, our records show that 1,109 registered land and properties in the emirate are owned by Saudi nationals -representing a key value of Dh800 million ($218 million)," he stated.

For the four-day Saudi show, the department will be setting up a pavilion showcasing the latest and most significant developments and trends in Ajman.

The pavilion will also help Saudi investors be more familiar with investment processes, incentives and facilities that will be made available for them when they invest in the emirate, it added.-TradeArabia News Service

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