The Dubai Land Department has announced the launch of the Real Estate Investment Opportunities (REIOs) initiative. It is aimed at helping to increase the share of investors in Dubai’s real estate market and it will do this in a number of different ways.
What Are The REIOs?
The initiative has been set up by the Dubai Land Department as a way to strengthen Dubai’s investment position and competitiveness in the global market, through attracting a larger share of investors. It is also hoped that the REIOs will help to attract brand new investments in the real estate market. The REIOs will assist the Dubai Land Department in encouraging real estate investments in a range of different categories. This includes coming up with innovative investment ideas and creating a competitive investment environment. By doing so, developers will be able to offer competitive marketing initiatives and programmes to buyers.
The REIOs initiative launched based on the outcomes of the Innovation Lab 2018. Before everything was put in place, a feasibility study was conducted and a range of prominent experiences were reviewed. This was done both internationally and locally.
Director-General Sultan Butti bin Mejren explained that the Dubai Land Department is “proud to launch a new investment package that enhances the attractiveness of Dubai’s real estate environment, reaching a wider horizon of global leadership through which we will formulate new visions, especially with Expo 2020 around the corner.”