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Robust real estate sector records AED 57 billion investments

Posted By Press Release On October 4, 2016 @ 8:33 PM In Africa & Middle East,Around the World | 1 Comment

International Property Show 2016 showcased international projects with total value of billions of dirham

Dubai, UAE, 3rd October 2016: The International Property Show (IPS), a leading property event held annually for international and local investors and market players, delivered about billions of dirham worth of projects during H1 of 2016. Projects mainly covered are residential, commercial and mixed-­‐used real estate from UAE, Pakistan, USA, UK, Europe, Turkey and other GCC Countries.

Significant progress of the region in the real estate market shows increasing interest from 149 nationalities. Based from Dubai Land Department (DLD) report, about AED 57 billion in total real estate investment have been invested in Dubai by 26,000 investors. Gulf Cooperation Council (GCC) nationals is accounted for AED 22 billion investments in Dubai property market, and half of which is shared by Emirati’s investment totaling of AED14,523 billion transactions.

Adding to this from the investment report of DLD, foreign investment in Dubai real estate market reached more than AED28 billion whilst Arab investors outside GCC contributed to more than AED7 billion.

The 12th edition of IPS catered to 137 countries with around 15,222 attendees and 172 exhibitors. Pakistan, India, United Kingdom, Turkey, Kingdom of Saudi Arabia, Portugal, Philippines, Qatar, Greece, and Cyprus are among the countries that actively participated at the exhibition. Every year a huge floor size of 13,032 sqm. is allocated for the show to accommodate large number of people.

Developments, projects and services from Mortgage Financing, real estate holiday destinations, migration and citizenship offers and other aspects of the real estate sector will be covered in the 2017 International Property Show. Organizer of the event, Strategic Marketing & Exhibitions, is set to take the next edition to a much greater heights next year.

Commenting on this, Strategic Marketing & Exhibition President, Dawood Al Shezawi said: “Witnessing an increased interest in the real estate investments by international and local consumers is very valuable to us as we aim to provide a right platform that caters to all the needs of investors, visitors and the market. The real estate market in United Arab Emirates (UAE) alone shows stability already. Thus, we opt to take this opportunity and bring it into a global scale for sustainable growth”.

Top regions of interest for property investment are UAE, US, Canada, United Kingdom, Europe, India, Turkey, South East Asia and other GCC countries.

International and local community of high level real estate professionals, high net worth individuals, government officials, entrepreneurs, end-­‐users and alike are amongst the visitors to be present at the event. Wide scope of projects from residential, commercial, industrial, retail and mix-­‐use properties from across the world will be showcased at the event.

The 13th edition of the IPS is set to take place from 2nd to 4th of April 2017 at Dubai World Trade Center, alongside the important Annual Investment Meeting (AIM).

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