By Adrian Bishop
An exciting new Dubai Property Festival is being launched in April 2018, which is designed to be “a one-of-a-kind property bonanza for buyers and sellers” offering bargains and deals.
The week-long event, from 9th
April 2018 at the Dubai World Trade Centre, is being organised by Dubai Land Department (DLD) and the International Property Show.
It culminates with a Mega Property Sale, which will provide buyers with an “incredible opportunity to buy property through exclusive deals with low interest rates.”
Dubai Property Festival
“will be the perfect opportunity to network with industry peers while getting your dream property or the perfect real estate investment” and will host a three-day live property auction.
Sultan Butti bin Mejren, Director General of DLD says, “We are proud to announce the launch of the first Dubai Property Festival, an initiative of the Dubai Land Department, which gathers the top UAE Real Estate Developers to offer major discounts and promotions, financial facilities, and other incentives to attract more investors.
“The Dubai Property Festival, through the International Property Show which is one of the largest real estate platforms in the Middle East, will showcase the best property deals that Dubai has to offer. We are confident that with this festival and beyond, the real estate sector will continue to grow and contribute to strengthening our economy.”
The festival will include a three-day property exhibition “which is the best platform to buy and sell local and international properties onsite.
Sultan Butti bin Mejren, explains, “The headline feature of the exhibition is the Mega Property Sale, which will showcase market-leading offers from UAE developers, as well as regional and international ones in addition to banks and other financial institutions, legal service providers, real estate agents, and property auction houses, providing buyers with a one-stop shop where they can find a complete package of bargain deals.”
The Dubai Property Festival will include a two-day conference by invitation only for institutional, corporate and private investors.
In addition, there will be pre-arranged roundtable meetings between UAE top developers and potential investors from various countries including China, India and Russia to establish strong business relations and explore opportunities for collaboration on various real estate projects.
A special B2B zone onsite called Investors Lounge will facilitate discussions among institutional and corporate investors, property developers, key decision makers and industry leaders in the real estate community both locally and internationally.
The festival is set to be an annual event and will be instrumental in attracting and encouraging more buyers to the emirate, he added.
Assistant Director General, Majida Ali Rashid, adds, “We are delighted to launch DPF that will showcase Dubai as one of the top real estate investment destinations in the world. The festival will provide an excellent opportunity for investors, developers and buyers for strategic networking and doing business in a safe and secured environment.”
Most of Dubai’s 448,000 homes are leasehold properties, but there are tens of thousands of freehold homes owned by foreign nationals, says the DLD.