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The Dubai Land Department (DLD) announced a 134% increase in real estate transactions following the creation of the emirate’s new Higher Committee of Real Estate earlier this month on 2 September.
The committee was established by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai with the aim to avoid the duplication of projects in the sector and achieve a more sustainable balance between supply and demand.
The committee is chaired by Sheikh Mohammed’s son and Deputy Ruler of Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, and includes representatives of top property developers in Dubai.
In his keynote speech at real estate investment and development event Cityscape Global Conference, being held in Dubai during September 25-27, Sultan Butti bin Mejren, director general of the DLD said, “This highlights the renewed confidence in Dubai’s property sector and empowers Cityscape Global to move forward as a real estate platform that connects leading innovators and real estate minds in the market. Cityscape is a platform that reflects and supports investors’ ambitions; it aligns perfectly with the emirate’s objective for the real estate sectors.”
Majida Ali Rashid, the CEO of the Promotion and Real Estate Investment Management Sector at DLD said, “The real estate market indicators show the maturity of an increasingly balanced sector. We have achieved a total value of more than AED 1.4 trillion through 715,000 accumulative investments and 374,000 accumulative investors. From 2019 to date, we have seen a value of investments of more than AED 56 billion across 31,000 investments by 23,000 investors.”
Cavendish Maxwell is the MENA region’s leading firm of property consultants and chartered surveyors. If you are looking for professional real estate consultation or advice on property related matters, please view our services.
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Sarah-Jane Carter
BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing
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