DLD announces inauguration of Dubai Property Festival today

Dubai, United Arab Emirates, 26 March 2019:  As part of its commitment to drive growth in the real estate sector, Dubai Land Department (DLD), through its various sectors, announced the launch of the Dubai Property Festival (DPF 2019) that is held over three days, 26 – 28 March, at the Dubai World Trade Centre in partnership with the International Property Show (IPS).

The current edition is expected to record unprecedented success in light of the participation of 131 exhibitors and more than 20,000 participants representing 30 countries while also attracting a large audience of investors and buyers from 143 countries. Visitors can also review a series of other events, including promotional sales booths organised by participating developers.

HE Sultan Butti bin Mejren, Director General of DLD, said: “The main objective of this year's edition is to contribute to the growth of the local real estate sector in Dubai and the UAE. DPF 2019 will provide excellent opportunities for many developers who are looking to connect with target, multi-national audiences and visitors.”

Bin Mejren added: “DPF 2019 will bring together a growing number of developers learn of a variety of current and future real estate projects. Visitors will also identify investment opportunities offered by the local market in light of the new government legislation aimed at promoting Foreign Direct Investment (FDI). As a result, DPF has become an international platform that brings together major global real estate investors and companies. In addition, DPF is organising forums and panels with the participation of experts to share knowledge and experience as well as the possibility of reaching new strategic, corporate relationships.”

Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management sector at DLD, commented: “DPF 2019 will provide added value to the real estate sector by offering promotions on real estate projects that will be revealed by developers, with Investors enjoying the best opportunities in Dubai and the UAE. DPF is a platform that attracts investors looking to exchange experiences due to the participation of creative real estate minds as well as follow-up on real estate reports that highlight the latest developments in the market. A detailed presentation on real estate transactions will also be presented to investors, and promotional tours will be organised for them to help international investors explore opportunities for cooperation and strengthen the international strategic partnership. Interested parties may also join workshops and seminars to get introduced to market developments, and the latest legislation, technologies, and developments in the sector.”

DLD will contribute to providing a range of premium real estate services through the Real Estate Registration and Services Sector at DLD, such as smart real estate services, and launching smart, self-selling services; organising an auction; and providing real estate registration services throughout DPF. The Real Estate Regulatory Agency (RERA), the regulatory arm of DLD, will honour the distinguished real estate developers and brokers.

The Dubai Real Estate Institute (DRE) will play a prominent role in DPF by contributing to the dissemination of real estate knowledge and the consolidation of best practices between different parties. DREI will provide free access for all those wishing to attend workshops and training opportunities organised within the area dedicated to DPF.

DREI is also organising a brokers’ village, which will be a unique opportunity to receive strategic information, build relationships, and review the prospects of investment and development.  It will also be a powerful platform for meeting potential partners and entering into deals with major global real estate investors and professionals. Visitors to the village will be familiarised with renowned exhibitors at DPF 2019, especially as it will feature sales offers with the opportunity to identify large projects made available to major international buyers and individual and institutional investors as part of the competition between key players from around the world, specifically from the GCC, the Middle East, Europe, North America, and the Asia-Pacific region.

In addition to exhibitors from the UAE and the region, DPF 2019 will attract participants from Canada, Cyprus, France, Greece, India, Mauritius, Pakistan, the Philippines, Spain, Turkey, Ukraine, and the United Kingdom among others.

DPF was first launched over two days in April 2018 by DLD, in cooperation with IPS, during a full range of activities were hosted to share knowledge as well as establish relationships and real estate transactions, offering opportunities for buyers and sellers to interact and explore investment opportunities available in the real estate sector.