Dubai Land Department (DLD) inaugurated a real estate promotion trustee office in New York in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of HE Majid Al Suwaidi, Consul General of the United Arab Emirates in New York.
HE Sultan Butti bin Mejren, Director General of DLD, and HE Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, inaugurated the new real estate promotion trustee office. Real estate professionals and industry leaders from agents, real estate brokers, and fund managers attended the opening ceremony, where the promotion trustee will provide several services to buyers and investors interested in the real estate market in Dubai.
Bin Mejren said: “The new office will contribute to promoting investment opportunities in Dubai’s real estate market in light of the Emirate’s unique advantage over other markets, in addition to the high returns on investment, whether for investors or real estate developers, compared to other cities around the world.”
Bin Mejren stressed that Dubai is one of the ten fastest-growing real estate markets in the world with the infrastructure, security, and safety it provides for investors, supported by DLD’s unique legal structure to enhance investors’ security.
HE Majida Ali Rashid commented: “We work to position Dubai as the world’s premier real estate destination and a byword for innovation, trust and happiness, as well as to maintain the attractive investment opportunities US nationals can obtain in Dubai’s real estate market and the services offered by Dubai Real Estate Institute to agents and brokers in the US. The office will also work closely with real estate brokers in the United States to encourage them to promote Dubai real estate projects among American investors.
Rashid stressed that the real estate promotion trustee office, which will be the focal point for developers in Dubai to reach out to the US market, will promote the various investment opportunities in Dubai; and will represent a practical centre allowing local developers to sell their projects to American buyers.
Rashid highlighted the importance of the US market for DLD, specifying that US investors are on top of the list of the most foreign investors in Dubai, and added: “There is a large number of American investors looking for the best investment destinations around the world. We are confident that Dubai's diverse projects, attractive features, and legislation that protect investors' rights will provide them with a variety of options that cater to their needs.”
Her Excellency stressed the importance of the role the real estate promotion trustees play around the world in promoting investment opportunities among US citizens looking to invest in Dubai’s real estate.
The office will provide customer relations, enquiry, and specialised services that help attract investments, and will introduce investors from around the world to the services provided by DLD. In addition, the office will participate in real estate exhibitions and external workshops organised by DLD and its partners in different parts of the United States.
