DLD developers meet aims to monitor trends, needs of real estate market

Dubai / Emirates Business

Dubai Land Department (DLD), organised a real estate developer meeting in cooperation with Cityscape Global in order to identify the results achieved at Cityscape.
The meeting was aimed to monitor the trends and needs of the real estate market, and innovative solutions that can be presented at upcoming editions for the benefit of all parties, including developers and investors.
Sultan Butti bin Mejren, Director General of DLD, said: “We are proud of the strategic partnership we have associated with Cityscape Global 2018 over the past few years that helped us achieve many of our corporate goals. Our platform was a destination for VIPs and a large number of visitors who expressed keen interest in finding out about our latest technology, especially the Dubai REST smart platform.”
Bin Mejren added: “At DLD, our goal is to be the first real estate market in the world to offer optimal options for any investor in Dubai’s market. Today, we are trying our best to present innovative ideas that will ensure people’s satisfaction and enhance their confidence.”
The exhibition coincided with Dubai’s rise over the past two years, topping the list of the world’s most attractive cities for real estate investors, and occupying advanced positions within the rankings of the various international consulting companies specialised in real estate investment. The number of off-plan real estate transactions after Cityscape increased by 39% with a 425% increase in value, and the total number of transactions increased by 86% with a 41% increase in value.
The latest figures reveal that over 34,000 visitors and over 40,000 participants attended the three-day exhibition, while close to 1,000 delegates and speakers attended the Cityscape Global Conference, held a day before the exhibition at the InterContinental Dubai Festival City.