DLD launches virtual edition of IPS in partnership with Invest in Dubai Real Estate

In the light of current conditions that we are witnessing as a result of the COVID-19 outbreak, the Dubai Land Department (DLD) has rolled out the first digital edition of International Property Show (IPS); a savvy virtual platform that has bolstered the Dubai Real Estate industry with the punch of immense transformation fueled by the hint of resilience and innovation. Revolutionizing the codes of urbanity, DLD has launched a state-of-the-art VR technology in real estate that welcomed a diversified international audience, propelling local and international real estate markets, contributing to the global economy as a whole.

VR technology in real estate: an insight into an era of virtual sales

Technology has revisited the conventional approach where the investors have to travel to view projects physically. VR technology in real estate saves time and costs associated with real estate transactions, facilitating the global investors to aptly visualize the design and structure of the properties without being physically present at the location. Isn’t it convenient?

DLD has set up a secure and interactive virtual platform that is meticulously devised using advanced VR technology, facilitating the property developers to showcase their properties safely and proactively, creating significant business opportunities to pique the interest of the global real estate community. According to the data, Dubai realty boasted an increase of 11.3% in real estate transactions in comparison to August 2019.

According to analysts, the VR technology in real estate will serve as a crucial gateway to optimize networking opportunities by stimulating business partnerships with top-tier investors in the world of real estate. The DLD event reflected the strength of the Dubai real estate market. It set into motion an innovative take on the conventional ways, prompting an insight into the latest real estate projects and explicit deals by local and international brokers to communicate the notion of utmost safety and convenience with seamless business transactions during COVID-19.

In collaboration with its virtual venue, DLD also offered multilingual activities that encapsulated exhibitions, project presentations, and virtual site tours to entice international investors' interest in Dubai's real-estate opportunities, corroborating its position as a world-class destination for real estate, trade, tourism and busines.