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Announcement comes on back of Dubai Land Department recording nearly $15 billion worth of real estate transactions Dubai, UAE- April 25, 2016: Coldwell Banker Real Estate LLC, the original Silicon Valley real estate startup founded in 1906, announced Dubai as the venue for its global master franchisor meeting. Representatives and real estate experts from eleven countries will convene in the emirate this May to discuss strategies to capitalise on growth in their respective regions. “Growth in financial services, trade, logistics and tourism has contributed heavily to Dubai’s emergence as a global place to do business. The emirate has emerged as a safe, family-friendly and low-tax environment, which combined with its connectivity to other global centres, has fuelled its real estate market over the last decade. Keeping in mind Dubai’s global hub status, Coldwell Banker has selected it to host our master franchisor meeting,” said Budge Huskey, president and chief executive officer of Coldwell Banker Real Estate LLC. This meeting of worldwide experts in Dubai comes on the heels of an upswing in the emirate’s real estate sector: the Dubai Land Department recently recorded $14.9 billion worth of real estate transactions in the first quarter of 2016. Meanwhile, the value of foreign investments in Dubai’s real estate sector totalled more than $3.2 billion for the same period, with 6,391 investors of 105 nationalities channelling funds into the emirate’s real estate market. “Dubai’s real estate sector is entering a lucrative phase in the lead up to the Expo 2020, and as long-term players Coldwell Banker sees heavy potential in this sector. The emirate’s real estate market continues to mature and stabilise as a result of strategically implemented government regulations, and this translates into more investors choosing Dubai as a real estate destination,” commented Ayman Youssef, vice president of Coldwell Banker’s Dubai base, Coldwell Banker Mega Homes Real Estate.
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