The International Property Show (IPS), a leading property event held annually for international and local investors and market players, delivered about billions of dollar worth of projects during the first six months of 2016.
Projects mainly covered are residential, commercial and mixed-used real estate from UAE, Qatar, 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 AED57bn ($15.5bn) in total real estate investment have been invested in Dubai by 26,000 investors. Gulf Cooperation Council (GCC) nationals is accounted for AED22bn investments in Dubai property market, and half of which is shared by Emirati’s investment totalling of AED14.52bn transactions.
Adding to this from the investment report of DLD, foreign investment in Dubai real estate market reached more than AED28bn whilst Arab investors outside GCC contributed to more than AED7bn. The 12th edition of IPS catered to 137 countries with around 15,222 attendees and 172 exhibitors. Qatar, Pakistan, India, the UK, Turkey, Saudi Arabia, Portugal, Philippines, 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.
Dawood Al Shezawi, Strategic Marketing and Exhibition President, 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, UK, Europe, India, Turkey, South East Asia and other GCC countries.
