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According to official statistics from DUBAIFocus, a joint initiative between REIDIN.com and the Dubai Land Department, the first exclusive online information product tracking real estate deals and transactions in Dubai, Chinese investors currently comprise the fifth biggest segment of Asian investors in Dubai. Other Asian Investors with significant interests in the Dubai's real estate sector include those from Pakistan who invested more than $1.6bn (Dhs6.09bn), Afghanistan - more than $475m (Dhs1.7bn) and Singapore - more than $41m (Dhs150m) during the first three quarters of 2008. Offering investors and real estate professionals the most comprehensive and up-to-date information on real estate investment deals in the Dubai market and the Middle East markets, the seminar at MIPIM Asia attracted top-level investors and players from the Asian real estate sector.
"We have noticed that Asian investors, particularly the Chinese, have remained strongly committed with their investment activities in Dubai. The past three quarters are particularly relevant as the global financial crunch hit hardest during this period. Yet, as reflected by latest available figures, investors from these countries have continued to actively invest in real estate projects all over the UAE. Such a high level of confidence despite the ongoing global financial crisis indicates that the UAE, particularly Dubai, still remains highly attractive for real estate investment,"
said Charlie Nixon.
MIPIM Asia is an exciting business-to-business property event that focuses on the Asia-Pacific region and offers an exclusive platform for property developers with local expertise to meet with regional and international investors who are looking for opportunities in the most vibrant property markets in the world. The event gathers the most influential decision-makers in the global market and provides them with an unrivalled access to the largest showcase of development projects in the world. Further, this year's edition hosted a total of 1,052 companies, including 236 exhibitors, 561 delegates from 388 companies, and 675 Pan-Asian companies, making it essential for REIDIN.com to provide investors and industry professionals with the latest and most accurate market information.
"Our knowledge database has been growing at an overwhelming rate; our subscribers currently can access over 29,000 real estate related transaction records, which is impressive by any standards. Our exclusive partner and primary data source for DUBAIFocus is the Real Estate Regulatory Authority in Dubai along with Dubai Land Department, and together we are committed to provide the most updated and relevant information in a cost effective and timely manner to decision makers in the real estate and financial sectors," said Ahmet Kayhan, CEO REIDIN.com.
"Further, we have entered into partnership agreements with more than 70 major firms including CB Richard Ellis, Deutsche Bank Research, Pramerica Real Estate, NAI Global, ImpressMedia, ASSAP Media, EuropaProperty, HVS International, AMEinfo.com, AII, Xinhua Finance, Global Investment House, AT Kearney and the UNCTAD to create a one-of-a-kind database that will be regarded as the most trusted source for information about the real estate sector in the emerging markets,"
concluded Ahmet Kayhan.
By providing the most accurate and up-to-date information, REIDIN.com enables investors and industry professionals to make informed decisions and increases their productivity by providing them with the tools and services they need for accessing the right business intelligence on time. The company presently covers all politically stable developing countries, which attract a big amount of FDI into its Real Estate markets, and serves investors, decision-makers and industry professionals across the globe. For further information please visit: www.reidin.com.
Posted by Nadeen El Ajou
