Dubai developers tap Chinese interest
dubai — The Dubai Land Department (DLD), the strategic partner of the Dubai Property Show — Shanghai, hosted a preparatory meeting for Dubai property developers who will be exhibiting at the show from March 24 to 26.
At the meeting, DLD discussed the various methods for ensuring the success of the show. The show is being held under the theme: ‘Dubai: Your ideal destination for investment opportunities.’ A presentation was displayed to share data and statistics pertaining to the Chinese market, with DLD and Falcon and Associates representatives on hand to respond to exhibitor inquiries and explain the growing importance of China for the emirate’s real estate market.
Majida Ali Rashid, assistant director-general and head of the real estate investment management and promotion centre at DLD, said: “We seek to support real estate investment companies by organising the whole Dubai real estate investment sector in a way that stimulates activity and not only encourages investment, but also makes it a highly appealing opportunity.”
She added: “Dubai presents Chinese investors with a range of exciting real estate investment opportunities and we will be showcasing a number of these at the Dubai Property Show — Shanghai. We are starting from a strong base as Dubai is already a favoured destination among Chinese investors, thanks to the emirate’s strategic global location, its position as one of the world’s leading real estate sectors and its renown for top quality construction and design.”
She said that meeting with participants prior to the show was crucial to enjoy a successful edition in Shanghai. “We have focused on providing exhibitors with all vital information they need about the Chinese market, to give them context that will allow them to prioritise what projects to showcase while also demonstrating the height of professionalism in all of their dealings. This included briefing participants on the event organisers’ specific objectives and how best to interpret the show’s theme. The exhibitors present at the meeting were also able to ask questions and gain other valuable insights into the Chinese market.”
Majid Saqer Al Marri, senior director of the real estate investment management and promotion centre at the DLD, said: “We continue to collaborate closely with our partners in the sector, the organisers of the exhibition, and all developers and exhibitors. We share one key objective — to promote Dubai as a world-class investment destination that offers leading real estate opportunities. We are confident that our participation at the show will result in increased demand from Chinese investors, especially due to the presence of such an enormous number of developers and the broad spectrum of investment opportunities they are offering.”
Al Marri concluded: “Chinese nationals are among the most important investors in Dubai’s real estate sector, to which they have contributed around Dh10 billion over the past four years. We look forward to intensifying promotional campaigns for the Chinese market, which is hugely promising.”
— business@khaleejtimes.com