Dubai’s Real Estate Market Takes Spotlight at Property Show

Dubai’s Real Estate Market Takes Spotlight at Property Show

The International Property Show (IPS), in its collaboration with the Dubai Land Department (DLD), is prepping for its 20th edition in the coming year.

It will take place at the Dubai World Trade Centre from 27th February to 29th February and is set to shine the spotlight on the thriving real estate sector in Dubai.

The IPS 2024 would provide attendees an exclusive look into the dynamic property landscape of the emirate.

Dubai’s real estate

Dubai has continued to strengthen its position as a top destination for investment in real estate. Experts have revealed that since the beginning of this year, the real estate market of the city has recorded significant growth.

They also expect this trend to continue in the next year. In accordance with this growth trajectory, the property show will highlight the prosperity of Dubai’s real estate sector.

IPS 2024 will function as a platform to strategically highlight the most promising investment opportunities in real estate as well as the construction industry for its esteemed participants and visitors.

The goal is to consolidate and enhance the important role that the real estate industry plays within the national economy.

The factors

There are a number of key factors that are expected to shape the real estate market in Dubai in 2024 and ensure its sustained interest.

Foreign investors are drawn to the vibrant emirate because of its stable political environment, robust economy and the attractive investment prospects.

In addition, the appeal of Dubai is further enhanced by the expected growth of the economy of the UAE in the coming years, along with the Dubai Economic Agenda D33 goals and their fulfillment.

Dubai Land Department’s Director-General, Sultan Butti bin Mejren, said that when it comes to sustainable development in real estate, Dubai has become one of the fastest-growing in the world.

Sustainable growth

He said that they had attracted significant real estate investments in recent years and transaction volumes and numbers had also recorded substantial growth.

He asserted that it would not have been possible without the support, supervision and leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister, Vice President and Ruler of Dubai.

Bin Mejren said that his Dubai’s position as a global destination had been strengthened due to the leadership’s commitment to the real estate sector and it is no competing with the world’s largest cities.

Moreover, Dubai has also adopted cutting-edge technologies and leveraged them to facilitate the real estate industry.

Due to this strategic approach, they have been able to deliver proactive services that ensure efficient governance of the real estate sector promote leadership.

The Dubai Land Department (DLD) is upholding the same approach through its collaboration with different partners, which can ensure the sustainability and success of the dynamic real estate sector.

President of IPS, Dawood Al Shezawi, also added that global buyers and investors were now considering Dubai as their top choice because of its robust legal framework, seamless procedures and unmatched conveniences.

 

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