US real estate delegation begins its tour in Dubai, reviews most prominent real estate projects

Monday 14 January 2019
Dubai - MENA Herald:

Dubai Land Department (DLD) welcomed a US real estate delegation yesterday comprising several governmental and private institutions in response to an invitation sent to brokers, developers, licensed real estate agents, and a large number of investors to visit Dubai. The visiting delegation included more than 150 real estate agents and 11 investors who will review the investment opportunities offered by Dubai and its exceptional investment climate.

HE Sultan Butti bin Mejren, Director General of DLD, said: “We would like to welcome our delegation from the US. Our choice for inviting this group came in light of the importance of the US market and its increasing number of expected investors made all the more evident during our visit to a number of states before the end of 2018. We are certain that our delegations will leave with a very positive impression, especially as we will provide them with integrated information in a direct and transparent manner.”

Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, commented: “We are pleased to welcome the US delegation to Dubai, the land of opportunity. We would like to thank them for accepting our invitation, and we hope this will open the door for promising partnerships between us. Over the years, Dubai strengthened its position as one of the best cities in the world with significant advances in the real estate sector. Dubai has shown incredible potential in the field, and we wish to share that with the visiting delegation, especially as Dubai is hosting EXPO 2020, paving the way for additional real estate opportunities and investments. We believe that there is a chance for collaboration between the real estate markets in Dubai and the US, which will certainly bring about excellent projects and outcomes.”

Hend Obaid Al Marri, CEO of Dubai Real Estate Institute (DREI), said: “We are pleased to welcome the delegation in conjunction with their visit to Dubai, which is renowned for its genuine Arab hospitality. As the educational arm of DLD and the leading international benchmark for disseminating and sustaining real estate knowledge in Dubai, the UAE, and the region as a whole, we focus on providing our visitors with a presentation of our various training courses. At DREI, we are proud of our strategic partnerships with a number of prestigious academic institutions that helped us design a wide range of real estate courses for all segments of the sector to improve their performances. Through that, we were able to register qualitative achievements within a record period, helping achieve DLD’s vision and objectives, while continuing to develop its strategy to keep abreast of the huge developments in our harmonious real estate sector under the directives of our wise leadership to make Dubai the preferred destination for investing, working, living, and visiting.”

Shadi Bteddini, CEO of Century 21 UAE (the real estate promotion trustee in the US), commented: “We are very proud at century 21 UAE and Aqari Global to launch this great programme with DLD to promote real estate investments in Dubai. We hope this event will enable the visiting delegation to explore investment opportunities in Dubai and that this will be the start of a great year where our target is to welcome 1,000 agents from all over the world to come to Dubai and earn their official certification to sell Dubai real estate in their home markets.”

The visiting delegation was given a detailed explanation of Dubai’s real estate sector and the real estate legislation through the “Certified International Property Consultant (CIPC)” course. The delegation then went on a tour of The Sustainable City (TSC), the first-of-its-kind residential community in Dubai to implement sustainable urban standards that conserve the environment by adopting a sustainable environmental approach in producing clean energy and giving priority to green areas.

The delegation expressed their admiration of the international academic standards adopted by DREI and the services it provides to qualify real estate brokers in the UAE and the region as well as provide its members with the opportunity to obtain the appropriate academic qualification according to the highest international standards. The delegations also commended DLD’s dedication and efforts in promoting the real estate sector and highlighting the diverse projects offered by developers, evident during their visit to TSC, which is a model of excellence in Dubai’s real estate sector.

During their visit, the delegation will review a number of developers’ real estate projects in the coming days as a result of a cooperation between DLD, the US real estate promotion trustee, Aqari Global Ltd, and Century 21 UAE. It is the first-of-its-kind initiative to promote Dubai’s real estate market to attract investors and real estate brokers from the USA and the world, encouraging them to visit Dubai and invest in real estate.

DLD recently recorded a unique presence as a global strategic partner at the American 2018 REALTORS Conference & Expo (NAR) in Boston, USA. The visit is complemented by the promotional programme adopted by the Real Estate Promotion and Investment Management Sector at DLD to contribute to attracting investment from the US market to Dubai’s real estate market.

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