Inaugurated by Sheikh Mohammed bin Rashid Al Maktoum, Chairman of Dubai Land Department (the Emirate's land registry) which co-organises the event with FM Industry partner, the International Property Show (IPS), the Festival is fast becoming a prominent marketplace for luxury property.
Developers and institutions participating this year include The PMD Real Estate Network (Greece), KM First Class Homes (Cyprus), Desjardins (Canada), Prestige Expo (Spain), Cote D’Azur (Portugal), The Economic Development Board of Mauritus, Oral Mimarlik Gayrimenkul (Turkey), Pine Gardens Murree (Paksitan), Rekan (Georgia), Eleet Land (Australia), and Robinsons Land Corporation (Philippines).
Speaking at the event, HE Sultan Butti bin Mijrin, Director General of DLD, said:
"We take great pleasure in welcoming you to this edition of Dubai Property Festival which is a melting pot of golden opportunities in Dubai’s real estate landscape.
"DPF is a reflection of our leadership’s interest in the values that have positioned the UAE as a top player in the world, demonstrating tolerance, co-existence and openness to different cultures."
The organisers are expecting the event to generate in excess of US $1 billion of residential property transactions.