A United States real estate delegation is currently touring Dubai to review investment opportunities, following an invitation sent to brokers, developers, licensed real estate agents, and a large number of investors to visit the emirate. The United States is renowned as a country that relishes the opportunity to invest in real estate when an opportunity arises. Further evidence in support of this statement could be sourced from the client list of a firm like 1031 exchange brokers.
The visiting delegation, which includes over 150 real estate agents and 11 investors, was welcomed by the Dubai Land Department, DLD on Sunday.
Sultan Butti bin Mejren, Director-General of DLD, said, “We would like to welcome the delegation from the US. Our choice for inviting this group came in light of the importance of the US market and its increasing number of expected investors made all the more evident during our visit to a number of states before the end of 2018.
“We are certain that our delegations will leave with a very positive impression, especially as we will provide them with integrated information in a direct and transparent manner.”
The visiting delegation was given a detailed explanation of Dubai’s real estate sector and the real estate legislation through the “Certified International Property Consultant” course. The delegation then went on a tour of the Sustainable City, the first-of-its-kind residential community in Dubai to implement sustainable urban standards that conserve the environment by adopting a sustainable environmental approach in producing clean energy and giving priority to green areas.
During their visit, the delegation will review a number of real estate projects in the coming days as a result of a cooperation between DLD, the US real estate promotion trustee, Aqari Global Ltd, and Century 21 UAE.
The DLD recently recorded a unique presence as a global strategic partner at the American 2018 REALTORS Conference & Expo (NAR) in Boston, USA. The visit was complemented by the promotional programme adopted by the Real Estate Promotion and Investment Management Sector at DLD to contribute to attracting investment from the US market to Dubai’s real estate market.