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Abu Dhabi, UAEMonday 10 December 2018

Dubai Land Department and Aqari Global to promote real estate in US

US investors spend Dh4 billion on Dubai real estate over past three years

Dubai Land Department enters agreement with Aqari Global Ltd to promote real estate in the United States. Anna Nielsen for The National
Dubai Land Department enters agreement with Aqari Global Ltd to promote real estate in the United States. Anna Nielsen for The National

The Dubai Land Department (DLD), the emirate's property legislator, entered into a strategic cooperation and partnership agreement with Aqari Global Ltd 'Century 21 United Arab Emirates to promote Dubai real estate in the United States.

"We pay close attention to the US market, especially as US investors are among the top foreign nationalities to invest in Dubai's real estate market each year," said Sultan Butti bin Mejren, director general of the DLD. "The US is full of investors looking for exceptional investment destinations around the world, and Dubai is certainly capable of answering this demand with the city's diverse investment opportunities."

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The agreement will help promote Dubai real estate, provide specialized services to help attract investment and support the DLD by participating in exhibitions and overseas real estate promotion workshops in the US.

US investors have made 2,298 investment transactions valued at over Dh4 billion in the past three years, according to Majida Ali Rashid, assistant director general of DLD and head of the Real Estate Investment and promotion Center, the investment arm of the DLD.

"This agreement is aligned with our strategy of strengthening cooperation between a select group of real estate promotion trustees in different countries to attract new investors from around the world to Dubai. We are confident that our agreement with Aqari Global Ltd 'Century 21' will help us achieve that goal," she said.

Aqari Global Ltd 'Century 21' is a real estate agency with more than 7,500 offices in 80 countries.