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Dubai Land Department (DLD) has announced that it has signed a strategic partnership agreement with Q4 Consultants. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and Deepak Batra on behalf of Q4 Consultants.
Under the terms of the agreement, the Indian company will act as a 'Real Estate Promotion Trustee', supporting DLD in its mission to consolidate Dubai's position as the world's premier real estate destination for innovation, confidence and happiness. Q4 Consultants will also promote attractive investment opportunities that can be enjoyed by Indian investors in Dubai's real estate market.
His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: "We place a high priority on the Indian market, especially as Indian investors occupy a leading position among the top three nationalities investing in Dubai each year. India has huge numbers of investors looking for exceptional international investment opportunities, and Dubai is certainly able to answer this demand with its diverse investment options and attractive real estate environment."
Her Excellency Majida Ali Rashid, Assistant Director General and Head of the Real Estate Investment Management and Promotion Center, the Investment arm of DLD, said: "This agreement demonstrates our keenness to strengthen cooperation between a select group of real estate promotion professionals in a number of countries in order to attract local and foreign investors to Dubai. We are confident that our agreement with Q4 Consultants will help us achieve these goals. "
Deepak Batra from Q4 Consultants added: "We thank Dubai Land Department for placing its trust in us as its Real Estate Promotion Trustee in India. We will promote Dubai's real estate investment opportunities while also helping Indian investors to learn about the relevant laws and regulations, and assisting them by using the language they prefer to communicate in. As a result, they will become familiar with Dubai's investment climate, how it works, and the attractive opportunities it offers. We look forward to creating a platform where Indian real estate investors feel welcome, safe and protected."
Indian nationals are among the highest investors in Dubai's real estate market. Figures issued from DLD's Real Estate Studies & Research Department show that the total value of Indian transactions from the beginning of January 2017 to the end of November this year reached AED 20.94 billion, from 7,810 investments carried out by 6,150 investors, while the value of Indian investments reached AED 14.185 billion. A total of 1,295 Indian brokers are employed in Dubai's real estate market, and over the same report period they earned commissions of AED 226 million for 2% of the sales they made.
The new agreement will enhance real estate promotion in India and encourage greater investment from Indian investors. Q4 Consultants will provide real estate promotion services in India, including customer inquiry services, to attract investment and introduce investors to DLD's services. The company will also support DLD by participating in real estate promotion exhibitions and workshops organised by the department and its partners in different areas of India.
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