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Dubai Property Show opens to overwhelming response in Mumbai
(4 November 2017)
Indians bought properties worth AED 61 billion in last 3 years


 

 The 3rd edition of Dubai Property Show, the annual property exhibition of Dubai Land Department, opened to hundreds of investors at Mumbai's Bandra Kurla Complex today. The realty fair was inaugurated by Mr Sultan Mohamed Hamdan Bin Khadim, Charge d'Affaires of the Consulate General of UAE in Mumbai, H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department, and Bollywood celebrity R. Madhavan. Eminent developers from Dubai, other dignitaries and guests were also present at the occasion. Spanning over three days from November 3rd to 5th, the event showcases the latest and a wide range of properties and flexible budgets from top-notch Dubai developers, bringing them face-to-face with end-users in India.

Indians have by far remained the top buyers of real estate in Dubai, contributing a whopping sum of AED 61 billion in last 3 years.

H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department said: "The very fact that this is our third edition of the show in Mumbai is a testimony of Dubai Property Show's success. Over the years, Dubai's real-estate has become a powerful tool of economic ties between India and the UAE, which we hope will continue to prosper. Dubai Land Department is proud to be partnering with world-class developers who are showcasing their properties in Mumbai, many of whom are repeat exhibitors. We are proud of the trust that Indians have put in us as a department and the UAE as a country, and are acutely sensitive to the responsibility that we shoulder in this regard".  

Dubai Property Show provides once-in-a-year chance for property buyers to get in-depth understanding of Dubai realty with direct interaction with all stakeholders. Through the educative and informational seminars at the show, visitors can learn about the Dubai property laws, real-estate outlook, benefits for buyers, ideal locations for investment, financing options, government regulations, and growth opportunities among other topics of interest.

"Last year the show witnessed 4094 visitors, generating enquiries worth AED 1.2 billion. We are expecting about 5,000 visitors, and hoping to see as many inquiries as last time, if not more. This year we have some amazing projects on offer along with attractive payment plans, such as a post-handover which gives you the option of paying post possession," commented Himanshu Gupta, General Manager, Sales and Marketing, Dubai Property Show.

"Indians are major movers within the UAE's dynamic real-estate scene, especially here in Dubai where they are drawn to the multicultural atmosphere and diverse real-estate offerings. The Dubai Property Show is a perfect vehicle for us to meet face-to-face with India's top investors and discuss Falcon City of Wonders' unique 'World in a City' proposition which compliments Dubai's growth as a preferred global business, leisure and lifestyle destination," said H.E. Salem Almoosa, Chairman and General Manager of Falcon City of Wonders LLC.

"The real estate market in Dubai offers sustainable growth opportunities with high returns on investments while the upcoming Expo 2020 mega event will provide property market a big boost", said Mr. Omar Mesmar, General Manager, Dubai Investment Park, wholly-owned by Dubai Investments.

"A joint venture project between Meydan Group and Sobha Group, District One is in a prime location within the Mohammed Bin Rashid Al Maktoum City. Developed in three separate stages, the project is like nowhere else on earth, offering a low density residential community in the heart of an international city. It is close to all the major routes into the city, providing quick access to the Dubai International Financial Centre, Downtown Dubai, Dubai World Trade Center and Dubai International Airport", elaborated Mr. Mohammad Al Khayat, Vice President, commercial and freezone at Meydan Group.

Participating companies include the likes of Dubai Properties, Falconcity of Wonders, Dubai Investments, MeydanSobha as Platinum Sponsors, MAG Property Development as the Gold Sponsor, Tebyan Real Estate Development as the Silver Sponsor whereas  Nakheel PJSC, Azizi Developments, Kleindienst Group, Creative Zone, Dubai Sports City, Bloom Properties, Tiger Properties, Seven Tides, Binghatti  Developers and Deyaar are the other exhibitors. Mashreq Bank joins as the Official Banking Partner, JLL as the knowledge partner and Seal Real Estate Registration Agent LLC as the Official Property Transfer Trustee among others.

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