Dubai Real Estate Lures Asian Investors
JUNE 27, 2008. Asia Pacific's property investors are getting a preview of all major Dubai real estate offerings with the largest of them - Dubai World Central (DWC), the 140 square kilometre US$ 33 billion urban land project - leading the way at the Asian International Investment & Property Show (AIPS) taking place from 25-27 June in Seoul, South Korea
The show was opened by H.E. Sheikha Lubna Al Qasimi, UAE Minister of Foreign Trade and Chung Jong Hwan, South Korean Minister of Land, Transport and Maritime Affairs, accompanied by Lee Hee Beom, Chairman, Korea International Trade Association (KITA).
DWC has been steadily expanding its geographic footprint to the Far East real estate market attracting industry heavyweights to invest in the burgeoning multi-billion dollar prime Dubai property market.
Khalid bin Harib, CEO, DWC Real Estate said: "Dubai World Central Real Estate has something to offer Asian property developers, government authorities, leading architects, designers, consultants and key senior professionals involved in the real estate industry gathered at this premium event.
"DWC's three real estate components - DWC Residential City, DWC Commercial City and DWC Golf City - aim to raise over US$ 65 billion over the next decade. We have just scraped the top of the local investor market by raising US$ 2.3 billion within a year through land sales.
"Investors from the Far East have shown huge interest in our property as it provides them easy access to our markets because of the proximity to the world's largest airport - Al Maktoum International Airport."
Between now and 2015, new Dubai will witness nearly 40 square kilometres added to its urban land ratio through all DWC's real estate options.
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