Real estate market to lead other sectors in Dubai's economy: Mohammed


His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, accompanied by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, today visited Cityscape Global 2015, held at Dubai World Trade Centre.

Sheikh Mohammed bin Rashid, accompanied by Lt. General Musbeh bin Rashid Al Fattan, Director of the Office of Vice President and Prime Minister and Ruler of Dubai, Khalifa Saeed Suleiman, Director-General of the Protocol and Hospitality Department in Dubai and Helal Saeed Al Marri, CEO of Dubai World Trade Centre and Director-General of the Department of Tourism and Commerce Marketing in Dubai, toured the exhibition at which more than 300 international, regional and local companies display their latest real estate projects in the development and tourism industry sector.

A number of major developers in the UAE are present at the event, with market leaders including Emaar, Dubai Properties, Nakheel, Meydan, Meraas, DAMAC, Dubai South, Union Properties and Deyaar showcasing their latest portfolio of projects to regional and international investors.

UAE major developers presented their mega projects including Meydan One, a residential, leisure and hospitality destination by Meydan, 1/JBR, a luxury residential development by Dubai Properties, and Culture Village, a waterfront promenade, retail and residential district with open spaces, walkways and pedestrian bridges.

Concluding his visit, Sheikh Mohammed bin Rashid expressed his happiness for rapid increase in the exhibitors’ numbers that registered 30% increase compared to the 2014 session.

Sheikh Mohammed considered this increase to be a clear indicator on the vibrant development of UAE’s real estate market and assure the accuracy of Dubai’s future vision. Sheikh Mohammed affirmed that this growth in Dubai’s real estate market would play significant role in the welfare of UAE citizens and residents.

He added that the real estate market is expected to lead other sectors in Dubai’s economy, including tourism, and will have positive impact on the emirate’s cultural and social scene. Sheikh Mohammed affirmed his support for all the developmental projects carried out by local developers.

Sheikh Mohammed bin Rashid welcomed the new projects that will open new job opportunities for youth and provide quality life for Dubai’s residents



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