His Highness chaired a press conference and was joined by dignitaries: Richard Harrington, MP for Watford and Vice Chairman of the Conservative Party, His Excellency Sultan Butti Bin Mejren Director General, Dubai Land Department; Majida Ali Rashid, Assistant Director General, Dubai Land Department; Yousuf Kazim, CEO, Jumeirah Golf Estate, Platinum Sponsors; Sultan Al Suwaidi, Partner Sumansa Exhibitions LLC and Sunil Jaiswal, President, Sumansa Exhibitions LLC.
With Dubai now the Brit’s third most preferred destination to invest in , the Dubai Property Show, organised by Sumansa Exhibitions, provides the opportunity to find out about every aspect of investing in Dubai.
According to the Dubai Land Department, British investors were in second place for foreign investment (second to India), with 3,747 transactions worth Dh9.318 billion (approx. £1bn) in 2014.
HE Sultan Butti Bin Mejren, Director General of Dubai Land Department: “Our participation at the Dubai Property Show in London plans first to show the civilized honourable image of our country, our history and our heritage in one of the important cities in the world. The strategic participation in this property show will be a mere episode in a series of activities and events to be organized by the department and will participate with a view to market Dubai all over the world, and to promote the real estate market in order to achieve the vision of Dubai Land Department, to reach the highest echelons with our properties, as which is consistent with our strategic plan 2021. Moreover, we will never relent in providing all means of support and encouragement for such valuable initiatives which plays an important role in highlighting Dubai’s position as a global real estate leader in attracting investments”.
At the Dubai Property show, Yousuf Kazim, CEO of Jumeirah Golf Estates commented: “As a market regains solid growth momentum, The Dubai Property show is a key platform for international buyers to leverage long-term investment propositions, driven by quality of the life and world-class infrastructure in the Emirate.”
Last year, the UAE was selected to host the World Expo in Dubai in 2020, making it the first time that the cultural exhibition is staged in the Middle East. Drawing global attention, the Expo 2020 Dubai is expected to attract 25 million visitors, 70 per cent of whom will be from overseas.