AJMAN — Ajman Department of Land and Real Estate Regulatory has revealed its participation in the coming Riyadh Real Estate & Urban Development Exhibition 2017 (RESTATEX Riyadh 2017), the largest annual real estate event of its kind in the Kingdom of Saudi Arabia, which will kick off today (April 23) at the Riyadh International Convention & Exhibition Center. During their participation, Department of Land and Real Estate Regulatory will be showcasing potential investment and growth opportunities in the emirate›s real estate segment –while also throwing the spotlight on Ajman›s growing reputation as an ideal real estate investment destination.
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Yafea Al Faraj[/caption]
Yafea Al Faraj, Director General, Department of Land and Real Estate Regulatory, said “we have placed top priority in the efforts to improve and further advance the real estate segment of Ajman, which is part of the move toward sustainable development and economic diversification--keeping in line with the objectives of Ajman Vision 2021. Our presence at Restatex Riyadh 2017 represents our commitment to reach out to real estate investors and developers from Saudi Arabia; urging them to consider potential opportunities in Ajman›s real estate market.”
He added: “Ajman›s real estate market stands at the threshold of a new phase of development, which is right in the midst of the emirate›s surge in tourism, construction and infrastructure projects--all forming a friendly environment for foreign direct investments (FDI). It is without a doubt that these new projects will help boost Ajman›s position as a favorable investment haven for the region. RESTATEX Riyadh 2017 will allow us to attract more Saudi investors to Ajman. In fact, our records show that 1,109 registered land and properties in the emirate are owned by Saudi nationals--representing a key value of AED 800 million.”
For the four-day exciting show, the Department of Land and Real Estate Regulatory will be setting up a pavilion showcasing the latest and most significant developments and trends in Ajman. The pavilion will also help Saudi investors be more familiar with investment processes, incentives and facilities that will be made available for them when they invest in the emirate. The department will also be placing focus on innovation and sustainability, especially in the move to digitalize contact information of Saudi owners; implement innovative solutions for the free zone ownership process and adopt more sustainability-based standards in its investment projects. — SG
