05/16/2016

Dubai real estate industry, a haven for UK investors, says Dubai Properties

Dubai Properties headlined Dubai Property Show London 2016 for the second year running

Dubai, UAE – 16 May 2016: Dubai Properties (DP), a leading Dubai-based real estate master developer and manager of renowned destinations across the Emirate, concluded its participation at the Dubai Property Show London 2016 for the second year running. The showcased developments by Dubai Properties have received significant interest from the high-calibre of international property investors based in the UK who attended the event. The show was held between the 13th and 15th of May 2016, under the sponsorship of Dubai Land Department, at the prestigious Olympia West Hall, London.

British citizens have emerged as the second largest investors in Dubai real estate and according to the Dubai Land Department they have invested £1.9 billion in 2015, a strong indicator of the savvy UK investor demand for high quality real estate. Dubai's strong market fundamentals are made up of world class infrastructure and a regulatory environment that ranks among the most favourable in the world.

Dubai Property Show London has established itself as a solid platform for UAE based developers to present their latest projects which come in line with the Dubai's Vision 2020 of becoming a tourism and business hub. DP showcased its latest projects, including 1/JBR, Arabella 2 and Serena, offering British investors a wide portfolio of products ranging from high-end beachfront developments that are popular among UK buyers to affordable communities that grant solid returns on investment.

Masood Al Awar, Dubai Properties Chief Commercial Officer said, "The Emirate of Dubai and Dubai Properties present an attractive investment haven of real estate investments. Our participation in this event was key to further boost international inward investments in light of the great response we have witnessed. We believe that the combination of our offerings combined with UAE's stability, continued economic growth and high returns on investment are appealing vital drivers to the growing British investors' base, particularly from the UK."

"DP's broad and diverse land bank, and master-planned developments, serve as a socio-economic growth catalyst which contribute to the economic diversification of the country, supporting not only the real estate market but additional industries, including tourism, retail, and hospitality," he continues.

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