Business Bureau, Gulftoday

DUBAI: With properties worth $30 billion on display, Sheikh Mohammed Bin Khalifa Al Maktoum, the Chairman of Dubai Land Department (DLD) inaugurated Dubai Property Festival (DPF) at Dubai World Trade Centre on Tuesday. The inauguration also witnessed the presence of Sultan Butti Bin Mijrin, Director General, DLD, Majida Ali Rashid, CEO of DLD’s Real Estate Investment Management and Promotion Sector, Mohamed Bin Saud Al Ghezwani, Undersecretary of the Ministry of Housing of Real Estate Development and General Supervisor of the Wafi programme, KSA and Fatna Lkhiyel, Secretary of State for Housing Ministry of National Planning Urban Planning, Housing and Urban Policy, Morocco. While touring the show, Sheikh Mohammed Bin Khalifa Al Maktoum visited several exhibitors including Azizi Developments, Dubai Sports City, Dubai Police, Danube and Ministry of Housing in Saudi Arabia among others.

Speaking at the sidelines of the inauguration, Sultan Butti Bin Mijrin, Director General, DLD said, “We take great pleasure in welcoming you to this edition of Dubai Property Festival, which is a golden opportunity in Dubai’s real estate landscape. DPF is a reflection of our leadership’s interest in the values that have positioned the UAE as a top player in the world, demonstrating tolerance, co-existence and openness to different cultures.”

“At this edition, investors will have an opportunity to experience a high-quality life, surrounded with enhanced technological developments, that demonstrates the prestige of the real estate projects in the country. While high end services and integrated infrastructure are synonymous with Dubai’s real estate ecosystem, innovation, creativity and luxury have positioned the country as a top destination for real estate investments in the world,” he added.

DPF 2019 takes places in partnership with the International Property Show (IPS) and runs until the March 28. With competitive bank interest rates starting from 1.85 p.a. and no processing fees on home financing, the show is a strategic platform for end-users, investors and developers to sell their project offerings onsite at much lower prices.

The first day of the show started with a session on the global real estate markets and two separate plenary sessions titled ‘Real Estate Investment Climate in Dubai Market Overview.