Dubai, UAE, 16 August 2017: According to the Dubai Land Department (DLD) database, Dubai's real estate market attracted investors from 217 countries around the world between January 2016 and the end of June 2017.
His Excellency Sultan Butti bin Mejren, Director General of DLD, highlighted that these figures have been achieved thanks to the significant efforts made by the wise government of Dubai under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish an investment climate that is characterised by confidence.
Bin Mejren added: "The Dubai Government has exceeded investor expectations by creating an environment of confidence and trust, where the rights of all parties are protected via a set of carefully formulated real estate laws. While safeguarding investor rights, these laws also encompass on-the-ground procedures that help the market to maintain its attractiveness and provide globally competitive returns on investment. Dubai's leading global position is evidenced by the 217 nationalities that have invested in our real estate market."
Bin Mejren underlined that DLD is keen to drive real estate investment in Dubai by encouraging and attracting domestic and foreign investors, and developing real estate investment opportunities on a contemporary economic and technical basis. The department adopts best practise, international methods to enhance the attractiveness of the Emirate's real estate market via a number of innovative initiatives spearheaded by the Real Estate Investment Management and Promotion Center – the investment arm of DLD.
DLD regularly shares transaction reports to heighten transparency and credibility in the real estate market, and demonstrate the sustainable growth of this vital sector.