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Dubai opens new offices to attract more US real estate investors

Invest in Dubai Real Estate launches offices in Orlando, Florida and New Jersey, New York

Invest in Dubai Real Estate, a major initiative of the Dubai Land Department, has launched two new offices in the United States.

The offices, located in Orlando, Florida and New Jersey, New York, will cater to North and South American clients, facilitating investments in real estate in Dubai.

Through this initiative in partnership with the International Property Show, Invest in Dubai Real Estate said it will bring in more US investments to Dubai.

It added that the new offices will allow American investors, clients and audiences to collaborate and learn more about investing in Dubai’s real estate market.

“The new offices will play a significant role to better inform investors and clients about Dubai’s investment climate, as well as how to make wise investment decisions, in order to make the most out of their investments,” a statement said.

Dawood Al Shezawi, president of Invest in Dubai Real Estate said: “I am proud to inaugurate our new Invest in Dubai Real Estate Offices in the US because it is a positive initiative for Dubai’s future.

“Our new offices in the US will facilitate real estate investments by providing knowledge and support, as well as resources to American investors interested in Dubai real estate.”

He added that due to the high rental yields, Dubai is a preferred property investment destination for international investors.

In the first quarter of 2021, real estate transactions grew by 44 percent year on year in the emirate, with Dubai Expo 2020 projected to further boost the real estate market this year and next.

The opening of the offices comes as new initiatives by the Dubai government, including the provision of visas for expat retirees as well as the expansion of the 10-year golden visa scheme, aims to draw foreigners to reside in the UAE.

Source: https://www.arabianbusiness.com/industries/real-estate/dubai-opens-new-offices-to-attract-more-us-real-estate-investors

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