With leading developers announcing a series of attractive offers including special discounted prices, low down payments, lowest interest rates and free property insurance, the freehold properties have become the 'in-demand' thing at the ongoing Dubai Property Festival (DPF).
Several major deals were closed by the key participating players during the first two days of the event including Danube, Azizi Developments, Tiger Properties, Ajmal Makan - Sharjah Waterfront City, and GJ Real Estate in Ajman.
A major industry event in the region, DPF is being held in partnership with the International Property Show (IPS) until tomorrow (March 28) at the Dubai World Trade Centre.
Mudassir Ali, a property consultant at GJ Real Estate, said: "Ajman is undergoing a boom in real estate, with freehold properties witnessing a surge; the government has introduced several initiatives, boosting the growth of the sector."
"In the past two to three years, we witnessed a 35 per cent increase in bookings, end users being the primary customers. Our main objective in participating at this show is to promote two of our newly launched properties, Oasis and Concord Tower, that are developed and ready for occupancy," he added.
A series of Investment Destination Forums were among the key highlights of the second day.
It was the biggest gathering of market leaders, policy makers, businessmen, regional and international investors, entrepreneurs, leading academics, and experts who showcased strategies on attracting investments to the real estate sector.
These forums highlighted the real estate ecosystems of the UAE, Saudi Arabia, and Morocco.
A plenary session on the importance of the legal and commercial considerations in the real estate investment process also took place on the second day.
"DPF is one of the biggest real estate platforms in the UAE, and we are pleased to be participating at the show once again. The platform not only provides us with a good indication of the market and its trends but also helps us connect with potential customers," said Sultan Abu Shakrah, CEO of Ajmal Makan Real Estate Developments.
"‘Ajmal Makan – Sharjah Waterfront City’ is a monumental project whose infrastructure alone we spent around Dh3.2 billion on. The show has been a strategic platform in the past, and in the current edition, we aim to offer our potential investors and end users from the UAE, the GCC, the Middle East, Asia, and Europe some attractive deals," he stated.
This year’s Dubai Property Festival welcomed visitors from several countries, with the UAE, India, Egypt, the US, Philippines, Lebanon, the UK, Pakistan, Saudi Arabia, Jordan, Russia, Mauritius and China topping visitor numbers, said the organisers.
The most prominent regions for investments include the Middle East, EU countries, CIS countries, Asia, and North America, they added.-TradeArabia News Service
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