Dubai’s ‘Real Estate i’ Strategy Gains Powerful Developer Support

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Here are the main bullet points summarizing the initiative:

  • Formation of Real Estate Alliance: The Dubai Land Department (DLD) has established a new alliance with four leading developers to enhance Dubai’s position as a global real estate investment hub and support the Dubai Real Estate Strategy 2033.

  • International Promotion and Insights: DLD will organize global events, provide market insights, and launch promotional campaigns to elevate Dubai’s visibility in the international real estate market.

  • Investor Incentives: Participating developers will ensure transparency in project information and offer exclusive incentives, including flexible payment plans, tailored to attract international investors.

  • Strategic Partnerships: The collaboration aims to increase foreign direct investment and diversify real estate offerings, reinforcing Dubai’s sustainable development goals and economic growth.

  • Commitment to Innovation: The partnership reflects confidence in Dubai’s vision and its potential to showcase a diverse range of real estate projects, including residential, commercial, and sectors like education and technology.

  • The new real estate alliance strengthens Dubai’s global investment position through strategic partnerships with four leading developers while supporting the Dubai Real Estate Strategy 2033.
  • Dubai Land Department will organize international events, provide market insights, and launch promotional campaigns to enhance Dubai’s presence in the global real estate market.
  • Participating developers will offer transparent project information and exclusive incentives for international investors, including flexible payment plans that meet DLD standards.

Dubai Land Department (DLD) has established a new real estate alliance to strengthen the Dubai Real Estate Promotion Strategy ‘Real Estate i.’ This initiative marks a significant step in supporting the Dubai Real Estate Strategy 2033.

The alliance was formalized through memoranda of cooperation with four leading developers: Danube Properties, Imtiaz Developments, MAG Lifestyle Development, and Fakhruddin Properties Development.

His Excellency Eng. Marwan Ahmed Bin Ghalita, Director General of Dubai Land Department, personally signed agreements with Rizwan Sajan of Danube Group and Masih Imtiaz of Imtiaz Developments.

Meanwhile, Majida Ali Rashid, CEO of the Real Estate Development Sector at DLD, signed cooperation agreements with Talal Moafaq Al Gaddah of MAG Lifestyle Development and Youssef Fakhruddin of Fakhruddin Properties.

The collaboration aims to strengthen Dubai’s position as a global investment destination by enhancing public-private partnerships.

These strategic alliances will help attract foreign direct investments and diversify real estate offerings to meet evolving market demands.

His Excellency Eng. Marwan Ahmed Bin Ghalita emphasized that the real estate sector is a fundamental pillar of Dubai’s sustainable development framework.

“Guided by the vision of our wise leadership, we continue to strengthen collaboration with our private sector partners,” he stated.

He highlighted how these partners have consistently demonstrated their commitment to creating new investment opportunities in Dubai.

The agreement represents a significant step in ongoing efforts to promote the real estate sector through diverse platforms and innovative initiatives.

Bin Ghalita added that this strategic collaboration reflects the strong confidence that real estate developers have in Dubai’s ambitious vision.

The alliance provides a platform to showcase Dubai’s diverse real estate landscape, including residential, commercial, and hospitality projects.

It also highlights specialized developments in industrial, educational, and technology sectors across the emirate.

Majida Ali Rashid noted that this collaboration will enhance investment inflows into Dubai’s real estate market and boost its global competitiveness.

This aligns perfectly with DLD’s strategic vision to position Dubai as a global leader in real estate investment.

As part of the agreement, Dubai Land Department will organize and support international events and exhibitions.

DLD will provide comprehensive data and insights on real estate opportunities in Dubai to potential investors worldwide.

The department will also launch promotional campaigns across various media channels and social platforms to strengthen Dubai’s global real estate presence.

Under the memoranda, participating developers will provide accurate and transparent information on registered projects.

This includes sharing details about pricing, timelines, and financing options with potential investors.

Additionally, developers will offer exclusive incentives for international investors, such as flexible payment plans and special investment benefits.

These offerings will adhere to the standards established by the Dubai Land Department to maintain market integrity and investor confidence.

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Here’s a breakdown of the key information regarding the real estate alliance initiated by the Dubai Land Department:

Funds and Investment

  • Initiative: Dubai Real Estate Strategy 2033
  • Objective: To strengthen Dubai’s position as a global investment destination.

Investors and Developers Involved

  1. Danube Properties
    • Founders: Rizwan Sajan
  2. Imtiaz Developments
    • Founder: Masih Imtiaz
  3. MAG Lifestyle Development
    • Founder: Talal Moafaq Al Gaddah
  4. Fakhruddin Properties Development
    • Founder: Youssef Fakhruddin

Fundraise Series

  • Type of Capital: The collaboration focuses on attracting foreign direct investments, rather than a traditional fundraising series.

Strategic Actions

  • Dubai Land Department (DLD) will:
    • Organize international events and exhibitions.
    • Provide data and insights on real estate opportunities.
    • Launch promotional campaigns to enhance Dubai’s global presence.

Key Figures

  • His Excellency Eng. Marwan Ahmed Bin Ghalita
    • Position: Director General of Dubai Land Department

Summary

This initiative emphasizes the solid partnership between public and private sectors to enhance investment opportunities in Dubai’s evolving real estate market. The collaboration aims to create a more attractive environment for international investors through transparency and exclusive incentives.

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