Dubai Land Department (DLD) announced the launch of Dubai Property Festival (DPF), a three-day sales and purchase event to be held at the Dubai World Trade Centre from April 9-11, 2018.
The three-day festival is expected to generate considerable buying and selling activity by hundreds of participants including developers, brokers, lenders, mortgage providers, investors, and home buyers. The property festival will help to further stimulate the emirate’s buoyant real estate sector.
HE Sultan Butti bin Mejren, director general of DLD, said: “DLD plays a vital role in reshaping Dubai’s real estate sector to help drive the economic vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It is the duty of DLD to ensure that growth and prosperity continue in this sector, and help more buyers, investors, and tenants to benefit from overall economic growth, as well as contribute to the activity of our economy.
This festival initiative is in cooperation with the International Property Show, and part of our ongoing efforts to support the real estate sector and provide an ideal environment for all relevant parties. We are confident that with this festival and beyond, the real estate sector will continue to grow and contribute to strengthening our economy.
DLD is constantly promoting and organising the most suitable real estate investment environment to ensure best practices at all levels of development, marketing, real estate appraisal, buying and selling, and real estate brokerage in order to ensure timely delivery of projects with maximum investment protection.
Her Excellency Majida Ali Rashid, assistant director general and head of the real estate investment management and promotion center the investment arm of DLD, said: We are delighted to launch DPF that will showcase Dubai as one of the top real estate investment destinations in the world. The festival will provide an excellent opportunity for investors, developers, and buyers for strategic networking and doing business in a safe and secured environment.
Dawood Al Shezawi, head of DPF Organising Committee, said: The festival will be a game-changing initiative that will help a large number of tenants shift to own their homes and stop paying rent. On an average, a Dubai tenant can own his home by spending eight years of rental expenses in his property instead of paying them to a landlord. DPF will help the end-users make such a transition by encouraging property developers and brokers to offer the best deals and help the tenants to buy properties instead of continuing to rent.