Italian real estate team looks at DAMAC Properties opportunities

The visit was organised by the Milan Chamber of Commerce (Real Estate Exchange) and was designed to give members an insight into the UAE property market and opportunities for end users and investors.

The visiting team praised DAMAC Properties' reputation and vision, highlighting its iconic architecture and the unparalleled investment opportunities offered by its developments.

For DAMAC Properties, the meeting was also a chance to showcase the developments and opportunities that exist within the UAE market and to reinforce the strong reputation that the company has.

The company has already identified the opportunity to expand its customer base in Italy and will open a new sales centre in Milan later this month/has recently opened a sales centre in Milan.

The recent visit to Dubai comprised representatives from developers, institution of engineers and media personnel from the real estate sector in Italy.

The visitors were impressed at the magnitude of property developments under way in the UAE and the region as a whole.

Margherita Corsi, representative and person responsible for Milan Chamber of Commerce (Real Estate Exchange), said:

"We were very grateful for the time that staff from DAMAC Properties were able to spend with us and demonstrate the stable investment opportunities that exist in the UAE market place - particularly in the current global market situation. We were very impressed with the remarkable range of projects that DAMAC Properties has underway across the entire Middle East and the investment potential that exists there."

"We are very much hoping that this will be the start of a long term relationship between DAMAC and Italy."

Peter Riddoch, CEO of DAMAC Properties, said: "We are happy to host the visit by the high-profile Italian delegation to our company. The Italian team expressed special interest for DAMAC projects, which offer unmatched investment opportunities.

"We are always happy to promote Dubai as a global destination for world-class real estate projects and will continue to do so. The opening of our office in Italy is a further opportunity for the company to widen its customer base around the world."

The Italian delegation representatives also praised the UAE government's farsighted policies which have helped the real estate sector achieve its objectives in the competitive regional landscape.

Margherita added:

"To develop such a strong and thriving city in the timescale that Dubai has been created is almost unbelievable. Dubai is already renowned worldwide as a top class shopping and holiday destination and the attractive investment opportunities that appear to be on offer will only strengthen its appeal."