Dubai Land Department Inaugurates 'Dubai Way' In Texas

A delegation from Dubai Land Department, DLD, has participated in the inauguration of ‘Dubai Way’ in Frisco, Texas, which is part of 'The Gate', a mixed-use development by Investment Group Overseas in the city.

DUBAI, (UrduPoint / Pakistan Point News / WAM - 13th Nov, 2018) A delegation from Dubai Land Department, DLD, has participated in the inauguration of ‘Dubai Way’ in Frisco, Texas, which is part of 'The Gate', a mixed-use development by Investment Group Overseas in the city.

The inauguration ceremony was attended by Sultan Butti bin Mejren, Director-General of DLD; Saeed Mubarak Al Muhairi, Consul-General of the UAE in Houston; Jeff Cheney, Mayor of Frisco; Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD; and Dr. Anas Kozbari, Managing Partner and CEO of IGO.

Bin Mejren expressed his delight in the naming of a Texan street ‘Dubai,’ emphasising that the emirate proudly spreads its message of giving, peace, cooperation, and development all over the world.

"We are eager to expand our partnerships with various institutions and companies to enhance our outstanding government performance and jointly raise the level of Dubai’s competitiveness. Our presence today confirms the relations between DLD and real estate companies. Investment Group Overseas is an investment company seeking to capitalise on promising investment opportunities in the world, support economic development in the region, and is constantly looking for outstanding projects and strategic partnerships around the world," he added.

Majida Rashid said that attracting investors and competencies is a priority for the investment promotion sector by offering new benefits and initiatives, reflecting their eagerness to attract investors to Dubai's real estate investment environment.

She added, "For years we have been striving to record pioneering steps that make our real estate market an excellent choice, especially as we work in line with the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Our smart solutions have played a major role in enhancing Dubai's position as an attractive investment environment, and increased the legislation system to protect the investors’ rights and provide them with wonderful privileges, in recognition of their confidence in our real estate market and choosing the emirate as a safe haven for their long-term real estate investments."

For his part, Dr. Anas Kozbari said, "Dubai Way in Frisco is a landmark that celebrates the union of two of the most dynamic cities around the world, Frisco and Dubai. Frisco is a city with an agricultural history that came a long way from the farmland it once was. At one point, it had a population of around 3,000 people, no traffic lights, no industry, business, tourism, or sports sectors. Today, it has a population of over 180,000 people and rising. It is slowly becoming the investment hub of the southern part of the USA."