Ellington extends support to Dubai Land Department's new overseas investor initiative

29 Jan 2018

 

Ellington extends support to Dubai Land Department’s new overseas investor initiative

Ellington, the Dubai-born design-led boutique developer with a growing portfolio of bespoke, aesthetic and high-quality homes, has extended its support to the new overseas investor programme initiated by the Dubai Land Department (DLD).

Dubai’s property market has an ambitious plan to chase overseas investors in a number of key source markets that include India, China, Russia, UK and the United States with full support from the Dubai Land Department and a number of Dubai-based property companies that includes Ellington.

Robert Booth, Managing Director, Ellington, and Elie Naaman, Executive Director - Sales & Marketing, Ellington were present at the event attended by His Excellency Sultan Butti bin Mejren, Director General of DLD and Her Excellency Majida Ali Rashid, Assistant Director General and Head of the Real Estate Investment Management and Promotion Center.

Last year, Arab and Chinese investors were particularly active in Dubai’s freehold space, while Indians represented the second biggest buyer demographic - spending AED15.6 billion - after UAE nationals who spent AED25.3 billion.

ENDS

About Ellington:

Founded in 2014, Ellington endeavours to craft beautiful environments for exceptionally high-quality lifestyles. Inspired by art and reflective of their owners’ aspirations, Ellington residences are classic in feel but contemporary of vision.

Ellington’s current projects include high-rise luxury residences and multi-family communities in Dubai, located in the prestigious Downtown Dubai, Mohammed Bin Rashid City, Emirates Hills, Palm Jumeirah or the upcoming Jumeirah Village Circle.