|Roots Land Real Estate Newsletter – April 2015
Despite the oil price drop, the UAE economy is expected to continue growing; thanks to the Government’s strategic plan of diversification. The economy of the country relies on five major sectors: capital markets, maritime, transport, real estate and retails.
Also a new law is currently being draft by the Ministry of Economy to allow 100% of foreign ownership in businesses located outside free-zones; this will encourage companies to set up their business in areas conveniently located regardless of the status of the district.
Professionals active in the real estate market as well as investors, end-users and tenants have access to a wide range of information regarding the sector media releasing new laws and regulations as well as the latest news and reports in newspaper columns. Roots Land Real Estate proudly participates in increasing awareness of the property market with Property Watch. The latest edition of the magazine was released at the beginning of the month; it includes the sector trends and news, project highlights and more from our in-house research team and the collaboration of key-players in the market. The publication can be downloaded for free by clicking on the icon at the bottom right of this newsletter.
The International Property Show, which took place from 30th March until 1st April in Dubai World Trade Centre, featured 300 exhibitors and 10 country pavilions. Exhibitors revealed having sold many properties in the UAE and internationally during the 3-day show. Due to the success of the exhibition, organizers are planning to double the area next year.