DPS reg­is­ters 24 per cent higher vis­i­tor foot­fall

The Gulf Today - Business - - UAE -

DUBAI: The third edi­tion of Dubai Prop­erty Show (DPS) in Mum­bai suc­cess­fully con­cluded in In­dia. Dubai Land Depart­ment’s lag­ship event reg­is­tered vis­i­tor foot­fall of 5108 peo­ple and gen­er­ated en­quiries worth Dhs1.8 bil­lion.

“In­di­ans truly un­der­stand the worth of prop­erty in­vest­ment and that’s why they are al­ways en­thu­si­as­tic about this as­set class. The ex­hi­bi­tion re­ceived a very en­cour­ag­ing re­sponse and sur­passed ex­pec­ta­tions in terms of vis­i­tor foot­fall and even the busi­ness en­quiries. This year the foot­fall was 24 per cent higher than last year and even the en­quiries gen­er­ated in­creased by Dhs600 mil­lion.

This only strength­ens our ties with In­dia and the trust of In­di­ans that they have shown in Dubai as an in­vest­ment des­ti­na­tion”, said Ma­jida Ali Rashid, As­sis­tant Di­rec­tor Gen­eral, Dubai Land Depart­ment.

“We are al­ready ex­cited about our next show in In­dia next year and be­lieve In­di­ans will con­tinue to re­main the num­ber one NON-GCC prop­erty buy­ers of real es­tate in Dubai. They are in­deed the big­gest con­trib­u­tor to the Dubai growth story”, added Her Ex­cel­lency.

“Over­all, In­di­ans have in­vested Dhs126 bil­lion so far in all these years into Dubai realty. In­di­ans are look­ing at proitable div­i­dends in the form of rents, re­sale value and other beneits. In­vestors here en­joy no lock-in pe­riod with no cap­i­tal gains tax and no prop­erty tax, buy­ers also want to se­cure as­sets ahead of the Expo 2020 boom”, said Ma­jid Saqer Al Marri, Se­nior Di­rec­tor, Real Es­tate In­vest­ment Man­age­ment and Pro­mo­tion Cen­ter, Dubai Land Depart­ment (DLD).

Khalid Bin Kal­ban, Man­ag­ing Di­rec­tor and CEO of Dubai In­vest­ments said, “Dubai In­vest­ments had a suc­cess­ful par­tic­i­pa­tion in the Dubai Prop­erty Show in Mum­bai, with lots of en­cour­ag­ing en­quiries and in­ter­est for its Mirdif Hills and Green Com­mu­nity DIP projects.

The com­pany is conident that this will have pos­i­tive im­pact on fu­ture in­vest­ments by In­dian in­vestors in its real es­tate projects, amidst emerg­ing trends in the prop­erty sec­tor and surg­ing growth po­ten­tial in the run-up to Expo 2020.”

DLD’S flag­ship event gen­er­ated en­quiries worth Dhs1.8 bil­lion.

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