Dubai is drawing up an “investment map” for its massive real estate sector to attract more capital and help investors take the right decisions. The centre for managing and encouraging property investment, the investment arm of Dubai’s Land and Property Department, is working on the map which will be announced in the next few weeks.
“This map is designed to upgrade the competitiveness of the national economy at regional and global levels and attract local and foreign investors and businessmen who seek to enter the emirate’s real estate market but do not have sufficient information to manage their assets in a way that will ensure an added value for them and for the market as well,” said Majida Rashid, the centre’s director.
Quoted by the Dubai-based Arabic language daily ‘Al Bayan’, she said the map would include a package of special investment opportunities in the real estate sector and a list of projects with “varied uses and specifications.”
“This map will be like a comprehensive investment guide for any investor wishing to enter the property market…that is why the list does not include just any project but only those which meet certain terms and specifications.”
He said the map generally focuses on projects which have certain specifications including a sophisticated infrastructure, proximity of transport facilities such as airports, metro and other land transport means, the reputation of development firms, and the fact that any project must be free of any obstacles or challenges.