Dh57bn in Dubai real estate: Developers go big to lure British investors

Thirty-five companies, comprising Emaar Properties, Deyaar Development, Union Properties, Dubai Properties Group, etc, will take part in the three-day Dubai Property Show, which will take place in London from February 27. (File)

Dubai developers are going to London this month, hoping to sell their existing and off plan projects to British nationals, who have invested Dh57 billion in the emirate’s property market.

Thirty-five companies, comprising Emaar Properties, Deyaar Development, Union Properties, Dubai Properties, etc, will take part in the three-day Dubai Property Show, which will take place in London from February 27.

The platform has been set up by Dubai Land Department (DLD), which has tied up with the UK-based organiser’s of the exhibition.

“Our mission is to promote Dubai’s real estate market in order to brand the emirate as being the most prominent real estate investment destination in the world,” said DLD Director-General Sultan Butti Bin Mejren.

“We are committed to providing all the necessary support and encouragement to such valuable initiatives which play an important role in emphasising Dubai's status as an attractive market for investments worldwide.”

According to bin Mejren, the event is particularly important because it is being held in one of the most prestigious European capitals, London, which enjoys strong business links with Dubai as well as a solid trade exchange.

DLD statistics reveal that there are over 19,000 British investors who have bough more than 30,000 properties by spending nearly Dh57 billion. In 2014, they had invested Dh9.32 billion.

The land department says it will continue to hold more such events in the capitals and major cities around the world.

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