DLD and Dubai FDI cooperate to promote and attract FDI reporters@khaleejtimes.com Filed on March 3, 2021
Dubai has an investment environment that is attractive to FDI and has demonstrated its sustainability despite the global outbreak of Covid-19. Wam
The MoU seeks to successfully promote Dubai as a major destination for economy, trade, events and real estate investment.
Dubai Land Department (DLD) and Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, joined forces to lay down a general framework that would enhance the attractiveness of investment in Dubai by attracting foreign direct investment (FDI), expanding the scope of promotions and knowledge sharing as well as organising joint activities that will directly serve the strategic objectives of the emirate. To achieve these objectives, the two parties signed a memorandum of understanding (MoU) defining the relevant areas of cooperation and laying out a roadmap.
Dubai records $48bn real estate transactions in 2020
DUBAI, February 3, 2021 Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions worth over AED175 billion ($48 billion), according to the Dubai Land Department (DLD). The report revealed that real estate sales reached AED72.5 billion with 35,423 transactions, while mortgages recorded 12,958 transactions with a total value exceeding AED87.7 billion, and grants recorded 3,033 transactions worth over AED15 billion. The DLD report also showed that Dubai had attracted 31,648 new investors who concluded 41,571 investments worth over AED73.2 billion. The sector was able to achieve a high volume of transactions despite the global Covid-19 crisis, stated Sultan Butti bin Mejren, Director General of DLD.
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