Agreement aims to focus its efforts on promoting Dubai as an attractive regional and international investment destination
Dubai Land Department (DLD) has announced a Memorandum of Understanding (MoU) with Informa Middle East, organiser of the region’s foremost real estate platform, Cityscape. The strategic agreement was signed by His Excellency Sultan Butti Bin Mejren, Director General of DLD, and Tom Rhodes, Exhibition Director at Cityscape.
The new agreement aims to focus its efforts on promoting Dubai as an attractive regional and international investment destination, and strengthening its position as a prime investment hub. The agreement will also highlight the scope of real estate investment opportunities and showcase major projects to regional and international investors across all markets in the Cityscape portfolio. The MoU will additionally see DLD partner with various events within the growing global Informa portfolio.
HE Sultan Butti Bin Mejren, Director General of DLD commented: “Dubai ranked highest on the list of global cities that are most attractive for foreign direct investment (FDI). As a result, Dubai has rapidly evolved into a global business and investment hub, and DLD looks forward to strengthening our Emirate’s position and achieving consistent success in the industry, ensuring the sustainable growth of our real estate sector.”
His Excellency added: “Our partnership seeks to reinforce confidence in the Emirate’s real estate sector by attracting FDI, demonstrated by the hard work and economic vision that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has achieved in catapulting the Emirate as a regional and international investment destination, especially with Expo 2020 on the horizon.”
Tom Rhodes, Exhibition Director at Cityscape, said: “Dubai is truly an important hub for investors from all over the world thanks to its buoyant economy, advanced infrastructure, high ROIs, transparent investor environment, and the legal and legislative structure that guarantees the rights of all parties. Regional and international investors are looking to invest in cities with these unique ingredients, and the ability to adapt to the demands of global markets and investors’ expectations makes Dubai a shining example.
Through our events, our partnership with DLD seeks to speak to the needs of these investors, and further cements the Emirate’s reputation as a leading investment powerhouse in the MENA region and around the world.”
With support from DLD, the 17th edition of ‘Cityscape Global’ returns to the Dubai World Trade Centre from 2-4 October. The event, which will span across 41,000 sq. m of exhibition space, is expected to attract a wave of real estate investors from 100 countries, including a list of new and returning heavyweight developers who will showcase hundreds of project launches.
Cityscape runs events across the MENA region and international markets, and has become the trusted meeting point for the property market to stimulate cross-border investments. The portfolio of events attracts a dynamic list of investors, homebuyers, developers, government authorities, and real estate professionals.