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Dubai Property Show off to new pastures

Following successful exhibitions in Hong Kong, London, Mumbai and Shanghai, the last two of which generated Dh1.2 billion and Dh800 million of investments respectively, the Dubai Land Department (DLD) now plans to explore new destinations to promote the emirate's real estate market through its flagship event, the Dubai Property Show.
At a ceremony hosted during Cityscape Global 2017, the DLD signed an MoU with Sumansa Exhibitions - the organisers of the Dubai Property Show - with the aim of further strengthening ties between the two parties to take Dubai's real estate across the globe. The MoU was signed by Majid Al Marri, senior director - real estate promotion department, and Sultan Al Suwaidi, partner at Sumansa Exhibitions.
DLD, together with the Dubai Property Show, will launch a global investment promotion plan to venture into key investment destinations around the world. The plan features exhibitions, roadshows, conferences and annual stakeholder meetings hosted by the DLD's real estate investment management and promotion centre.
Al Marri said: "We are pleased to be reinforcing our strategic partnership with Sumansa Exhibitions at a time when Dubai's real estate market is ideally poised to attract greater outside investment. A total of 217 nationalities have invested in Dubai real estate over the past 18 months and our priority is to engage these investors on their home turf so we can share all that our emirate has to offer. Our partnership with Sumansa has already allowed us to reach important investment countries, including China, India and London, and we look forward to exploring new avenues to build on this success."
Al Suwaidi said: "Our experience with Chinese, Indian and British investors has been very encouraging and has convinced us to take the Dubai Property Show to further countries. We are fortunate to have the support of DLD in all of our ventures, and now, with a stronger partnership and further assistance, guidance and backing from the department, we can reach out to more destinations than ever before. We have already hosted multiple exhibitions in China, India and London, and we are now planning to explore Russia over the coming year."
- business@khaleejtimes.com