Monday, December 18, 2017 9:00:56 AM      

Press Releases / Press News


Kuwaiti Real Estate Investment In Dubai’S Realty Market Crossed Aed 2 Billion In 2016

Dubai, UAE, 20 March 2017: International Property Show 2017, which will be held from 2-4 April 2017, at the Dubai World Trade Center, is expected to attract a wide range of visitors from Kuwait. This comes at a time Kuwaiti investors are more demanding realty investments in Dubai in the form of villas, apartments and offices. In 2016, the number of Kuwaiti investors in Dubai’s real estate market has increased to reach 770 investors as the volume of their investments touched AED 2 billlion according to Dubai Land Department (DLD). At the same time, many reports issued by specialized institutions expected that the real estate market in Dubai will keep its growth in 2017. Cluttons Property Consultants expected that the infrastructure projects related to EXPO 2020 alongside other projects in the Emirate of Dubai will enhance the real estate market growth in the upcoming years. “Dubai is a favorite destination for investors from Arab countries and especially from GCC for many reasons. Firstly, Dubai offers economic stability as result of the wise vision of the leadership, which makes the Emirate a safe investment oasis. The second reason is the diversity in the supply in the real estate market as a result of many giant projects as this provides investors with the possibility to choose the investments they need. The third reason is the dynamism of the property market in Dubai and the maturity it boasts,” said Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organizers of the International Property Show. “Also, the ongoing efforts of the real estate market in Dubai as an international hub are a critical factor in making Dubai a premier destination for investors. International Property Show, which will start its 13th edition in April, is part of these efforts. It is the only of its kind that allows direct real estate deals, thanks to the authorization given by Real Estate Regulatory Agency (RERA), which means all the exhibiting companies have the right to receive down payments or full payments for the properties they sell. The show is the best real estate platform in Dubai in terms of attracting investors to get the best return on their investments,” added Al Shezawi. This year’s edition of International Property Show provides investors with golden opportunities to get investments in Dubai in the run up of EXPO 2020. The city is preparing for EXPO 2020 by launching big real estate projects, and issuing legislations that further attract real estate investors. The statistics issued by DLD shows that the value of the real estate transactions in the first 45 days of 2017 is AED 42 billion, which is almost half that of the real estate investments in 2016 which was AED 91 billion. Al Shezawi stated that the real estate market in Dubai will keep its growth this year and in the upcoming years. The real estate investors from the GCC in general and Kuwait in particular will be an essential part of this growth according to Al Shezawi, because they are looking for safe, high return, and sustainable investments, and Dubai is an ideal place for such investments.

 

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