Morocco, UAE Ink MoU to Promote Real Estate Investments

Morocco and the United Arab Emirates signed a Memorandum of Understanding on the promotion and management of investments in the real estate sector.

The agreement was initialed on the sidelines of the Dubai Property Festival by Morocco’s State Secretary for Housing, Fatna Lkhiyel, and Director General of Dubai Land Department, Sultan Butti bin Mijrin, reported MAP.

The signing of this MoU is aimed at promoting real estate activities as well as the real estate market by organizing exhibitions and participating in international and regional conferences and fairs.

The Dubai Property Festival (DPF), which wrapped up on Thursday, is the Middle East’s biggest property sales platform for local and international operators.

Sultan Butti Bin Mejren said DPF is an ideal platform for various stakeholders in the property sector. It offers great opportunities for the most prominent real estate projects in Dubai, including those that are currently under development.

“Investors and those looking to take advantage of the opportunities that arise from working in the field can take advantage of its facilities.

The event that attracted some 20,000 visitors featured on-site auction of properties in addition to workshops, presentations, and panel discussions.