IPS 2020 Furthers Dubai’s Position as Leading Destination for Real Estate Investment

IPS 2020 Furthers Dubai’s Position as Leading Destination for Real Estate Investment

Mr. Walid Farghal, Director General of the International Property Show and Deputy Chairman of Dubai Property Festival said, "IPS 2020 will highlight investment opportunities in the UAE and will further give a boost to the country's real estate market.. The pro-investment initiatives launched by the government that provide a comprehensive plan to support the real estate sector magnify its appeal to property developers and stakeholders.. The recently issued law on the joint ownership of real estate in Dubai is one of the important laws that would contribute to enhancing the transparency of Dubai's real estate sector and reinforcing its global stature.. In 2019, Dubai set a new 12-month record for the volume of real estate transactions, registering real estate transactions worth AED 228 billion.. Dubai has been able to achieve a paradigm shift in the realty sector and has strengthened its competitiveness, thanks to the tremendous efforts made by the Dubai Government through DLD, whose mandate is to ensure Dubai's global status as an ideal destination for real estate investment..