'International Property Show - Dubai 2009' witnesses substantial property deals amidst downtrend in property sector
Event organiser reveals positive exhibitor feedback
March 1, 2009
The 'International Property Show - Dubai 2009', the biggest transactional property exhibition in the region, has successfully concluded, witnessing substantial property deals struck among developers, real estate companies and investors who attended the three-day event. Strategic Marketing & Exhibitions (SME), organiser of the show, revealed that a majority of exhibitors have expressed positive feedback in relation to their participation amidst the current downtrend in the property sector, which has had obvious implications on this year’s event. Furthermore, the presence of RERA Consultancy Zones for the first time at the event, where authorised representatives disseminated information on introducing new property laws was also a huge hit among the attendees.
Global real estate companies who participated at the event include leading companies from the UK and US, in addition to international delegations from Malaysia, Spain, Thailand, South Africa, Bulgaria, Korea and Cyprus. Among the success stories during this year’s show was the participation of global exhibitors Scala Land Group from the UK, Polar Global Marketing Direct from Spain, and Stonehenge Builders, Inc. and Florida Choice Realty from the US, who all expressed their satisfaction over the results they have achieved. Considering the success of this year’s event and the positive feedback of the participants as well as investors, the organiser has announced the launch of a branch office in Italy to support the new strategies and services offered by the company.
“We have seen the excellent results of our participation, which has presented us with an opportunity to get closer to potential customers and partners based in the region and expose them to the extensive scope of our operations, which cover industrial, commercial, institutional, and residential projects. We really appreciate the presence of an event such as 'International Property Show - Dubai 2009', which provide internationally based organisations an opportunity to explore possible business opportunities with high net-worth investors in the Middle East. Given the favourable results we have achieved this year, we are looking forward to participating at next year’s event,” said Eve Wittmann, President & CEO of Advanced Global Network LLC, a joint venture partner of Stonehenge Builders Inc, Emerald Falcon Projects of Florida USA.
Headlining the local presence at the ‘International Property Show - Dubai 2009’ was the Falconcity of Wonders, who participated as the Gold Sponsor of the event. Furthermore, leading real estate companies that showcased their UAE-based developments at the show included Khoie Properties, Bonyan International Investment Group, Tiger Properties, RAK Properties, Dubai World Central, Roots Land Real Estate, Corner Stone Real Estate, Chapal World LLC, Savannah Properties, Threesixty, KM Properties, Time Properties, Asia Star Properties International, and Sherwoods Independent Property Consultant among others. In addition to being a platform for collective discussion on how to revive the market, the event also provided developers an opportunity to highlight their preferential pricing schemes and prices during the event.
”The success of the 'International Property Show - Dubai 2009' proves that challenges can be overcome if we include creativity to our strategy while leveraging resources efficiently,” said Dawood Al Shezawi, Managing Director, Strategic Marketing & Exhibitions. "Our collective efforts to revive the market will form the foundation for a sturdier market structure in the future, which will prevent a repeat of the crisis we are witnessing currently. We would like to extend our gratitude to RERA and the Dubai Land Department for their continuous support to the show. We would also like to thank all the exhibitors and visitors at this year’s event for their patronage, and we look forward to their cooperation in the months ahead as we press ahead with our new growth initiatives like the opening of our European office in Italy to address requirements of the international markets.”
The ‘International Property Show - Dubai 2009’ was first organised in 2004, and has since grown to become the definitive event for companies seeking to establish strong personal relationships with worldwide players in property and investment industries. At present, SME is working on the next edition of the show, which is expected to draw in many serious buyers and investors seeking to acquire high quality residential, commercial or mixed-use units.
Showing posts with label International Property Show - Dubai 2009. Show all posts
Showing posts with label International Property Show - Dubai 2009. Show all posts
Sunday, March 1, 2009
Wednesday, February 18, 2009
Dubai Land Department’s ‘Initial Registration System’ makes strong impact at the ‘International Property Show - Dubai 2009’
Dubai Land Department’s ‘Initial Registration System’ makes strong impact at the ‘International Property Show - Dubai 2009’
Event successfully hosts specialized ‘Consultancy Zones’ to assist property buyers and investors
February 18, 2009
The Dubai Land Department’s ‘Initial Registration System’ has made a strong impact among real estate investors during the 'International Property Show - Dubai 2009', which concluded its successful three-day run yesterday (February 17, 2009). The event, which also hosted specialized ‘Consultancy Zones’ to assist property buyers, has helped visitors gain a deeper insight on the new system that mandates the registration of incomplete sale transactions for the residential units that are still in their planning stages within the database of the Dubai Land Department (DLD). Organizers have attested to the positive turnout at the show, especially given the exhibition's association with the Dubai Land Department.
Under the system, a certificate that reflects the purchase and rates of the settled and remaining payments will be issued to ensure the investors’ rights to property. Subsequently, the DLD will issue an ownership certificate after the delivery of the property and when the payment has been settled completely. The ‘Initial Registration System’ has been designed to boost activities within the real estate market by developing and expanding the database and making current information easily accessible for the full use of players within the real estate market. The launch of this system is in line with the DLD’s goals to have a fully registered market that upholds the rights of the developers and buyers.
“Creativity and innovation in the registration services are our major focus in Dubai Land Registration, as part of our commitment towards regulating the industry and protecting the rights of all concerned parties,” said Mohammad Sultan Thani, Assistant Director-General for Excellence and Governance, Dubai Land Department. “The ‘Initial Registration System’ is considered a unique initiative on the international level, as the practice of property registration in most countries is done only for the built properties. By facilitating the initial registration according to the sale operation on map, we can provide coverage for all the sales operations and ensure all the stakeholders’ rights are protected.”
In addition, the Department has also hosted a discussion on the importance of initial registration between industry leaders present at the ‘International Property Show - Dubai 2009’. Several investors and one of the beneficiaries of the system have expressed their confidence that the ‘Initial Registration System’ will minimise the problems between the developers, investors and buyers, and will reduce the high costs and expenses of sale and resale of properties on maps. It was also revealed during the discussion that the fee for the ‘Initial Registration System’ is the same as the fee required for buyers and sellers (both at 1 per cent) to register to the Department prior to this new system.
“Dubai’s ‘Initial Registration Law’ is truly a great model for all property markets across the globe, as it restricts the main and the subsidiary real state development companies to start the implementation of their projects or sell their properties on map before the delivery of the project’s land and receipt of the required approvals. It also prohibits them from charging fees on the sale and resale of existing properties or properties that are sold on the map, as this law only permits the charging for administrative expenses after taking the approval of Dubai Land Department,” concluded Thani.
Event successfully hosts specialized ‘Consultancy Zones’ to assist property buyers and investors
February 18, 2009
The Dubai Land Department’s ‘Initial Registration System’ has made a strong impact among real estate investors during the 'International Property Show - Dubai 2009', which concluded its successful three-day run yesterday (February 17, 2009). The event, which also hosted specialized ‘Consultancy Zones’ to assist property buyers, has helped visitors gain a deeper insight on the new system that mandates the registration of incomplete sale transactions for the residential units that are still in their planning stages within the database of the Dubai Land Department (DLD). Organizers have attested to the positive turnout at the show, especially given the exhibition's association with the Dubai Land Department.
Under the system, a certificate that reflects the purchase and rates of the settled and remaining payments will be issued to ensure the investors’ rights to property. Subsequently, the DLD will issue an ownership certificate after the delivery of the property and when the payment has been settled completely. The ‘Initial Registration System’ has been designed to boost activities within the real estate market by developing and expanding the database and making current information easily accessible for the full use of players within the real estate market. The launch of this system is in line with the DLD’s goals to have a fully registered market that upholds the rights of the developers and buyers.
“Creativity and innovation in the registration services are our major focus in Dubai Land Registration, as part of our commitment towards regulating the industry and protecting the rights of all concerned parties,” said Mohammad Sultan Thani, Assistant Director-General for Excellence and Governance, Dubai Land Department. “The ‘Initial Registration System’ is considered a unique initiative on the international level, as the practice of property registration in most countries is done only for the built properties. By facilitating the initial registration according to the sale operation on map, we can provide coverage for all the sales operations and ensure all the stakeholders’ rights are protected.”
In addition, the Department has also hosted a discussion on the importance of initial registration between industry leaders present at the ‘International Property Show - Dubai 2009’. Several investors and one of the beneficiaries of the system have expressed their confidence that the ‘Initial Registration System’ will minimise the problems between the developers, investors and buyers, and will reduce the high costs and expenses of sale and resale of properties on maps. It was also revealed during the discussion that the fee for the ‘Initial Registration System’ is the same as the fee required for buyers and sellers (both at 1 per cent) to register to the Department prior to this new system.
“Dubai’s ‘Initial Registration Law’ is truly a great model for all property markets across the globe, as it restricts the main and the subsidiary real state development companies to start the implementation of their projects or sell their properties on map before the delivery of the project’s land and receipt of the required approvals. It also prohibits them from charging fees on the sale and resale of existing properties or properties that are sold on the map, as this law only permits the charging for administrative expenses after taking the approval of Dubai Land Department,” concluded Thani.
Sunday, February 15, 2009
H.H. Sheikh Mohamed bin Khalifa Al Maktoum inaugurates biggest transactional property exhibition in the region
Press Release
‘International Property Show - Dubai 2009’ opens with over 150 exhibitors from 20 countries
H.H. Sheikh Mohamed bin Khalifa Al Maktoum inaugurates biggest transactional property exhibition in the region
February 15, 2009
H.H. Sheikh Mohammed bin Khalifa Al Maktoum, Chairman, Dubai Land Department inaugurated today (February 15, 2009), the 'International Property Show - Dubai 2009', the biggest transactional property exhibition in the region. The show is set to showcase exceptional development projects from over 150 exhibitors from across the globe that are seeking to leverage the high attendance of international and regional investors at the annual industry event. Strategic Marketing and Exhibitions (SME), the event organiser, has revealed that the show, which will run until February 17, 2009 at the Dubai International Convention and Exhibition Centre (DIEC), is set to capitalise on the shift in property prices in Dubai, as well as the projected rise in the number of expatriates in the emirate in 2009.
Amidst the projections that Dubai’s economy will expand by 2.5 per cent in 2009, in addition to the expected arrival of many foreign residents, exhibitors and investors are upbeat about this year’s event. The exhibition’s association with the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD) has also contributed to the high level of confidence of investors at the show. As the event’s Strategic Partner, RERA has set up a special pavilion within the venue - the ‘RERA Consultancy Zone’, where representatives from the agency are answering the inquiries of commercial and residential investors and specialised visitors from the property industry. A dedicated pavilion has also been assigned to banks and financial institutions to aid investors seeking financial assistance.
Speaking at the inauguration, H.H. Sheikh Mohammed bin Khalifa Al Maktoum expressed optimism over Dubai’s property market growth. “Dubai will be the fastest city to recover from the impact of the ongoing credit crunch, and the emirate’s real estate sector will once again witness a period of long term boom. However, developers need to remain focused on their goal of continuing with the projects that they have already started and ensure that these projects are delivered on time. Developers who are registered with RERA can be assured of total support from Dubai Land Department. The impressive participation of players at the ‘International Property Show - Dubai 2009’ underlines the high confidence in the UAE’s property sector.”
Currently in its fifth edition, the ‘International Property Show - Dubai 2009’ has gathered the support of UAE-based master developer Falconcity of Wonders as the Gold Sponsor, and Al Arabiya TV as the exclusive broadcast partner. Leading real estate companies showcasing their UAE-based developments at the show include - Khoie Properties, who are showcasing the AED 3.5 billion 'La Hoya Bay' project and Bonyan International Investment Group highlighting its ‘Eye of Ajman’ project. In addition, other local developers include Tiger Properties, Roots Land Real Estate, RAK Properties, Corner Stone Real Estate, Dubai World Central, Chapal World LLC, Savannah Properties, Threesixty, and KM Properties, Time Properties, Asia Star Properties International, and Sherwoods Independent Property Consultant.
“We extend our sincerest appreciation to H.H. Sheikh Mohammed bin Khalifa Al Maktoum for gracing us today with his presence at the ‘International Property Show - Dubai 2009’, and to all the local and international real estate companies who have supported this exhibition. We are also pleased by the good turnout witnessed at the event from developers, in addition to professionals from the property and finance sector, despite all the challenges imposed by the current global economic crisis. Finally, I would like to wish all the participants significant success, and we look forward to attain the goals of this exhibition, and consequently support the local and regional real estate sector,” said Dawood Al Shewazi, Managing Director, SME.
“This year’s edition of ‘International Property Show’ features the participation of local companies licensed by the Real Estate Regulatory Agency (RERA) as we aim to showcase only licensed real estate projects. This has been the result of full coordination and cooperation with RERA, which entailed the submission of all the registration documents for each and every project at the show,” concluded Al Shezawi.
The ‘International Property Show - Dubai 2009’ was first organised in 2004, and has since grown to become the definitive event for companies seeking to establish strong personal relationships with worldwide players in property and investment industries. The global delegation at this year’s event include high profile companies from the UK, US, Malaysia, Spain, Thailand, South Africa, Bulgaria, Korea and Cyprus. Among these are high profile names such as Florida Choice Realty Services, Crown Acquisitions Worldwide PLC, Estateman Limited, Capital Land Acquisitions Ltd. and Harlequin Hotels and Resorts from the UK, and KW Luxury Homes, Stonehenge Builders Inc. and Rapid USA Visas from the US.
Wednesday, February 11, 2009
‘International Property Show - Dubai 2009’ to highlight world-class competitively priced properties
Dubai’s real estate prices fall by 25 per cent since its peak in September 2008
‘International Property Show - Dubai 2009’ to highlight world-class competitively priced properties
February 11, 2009
Real estate prices in Dubai have dropped by 25 per cent compared to its peak in September 2008, according to recent market reports. In line with this, the ‘International Property Show - Dubai 2009’, the biggest transactional property exhibition in the region, is set to capitalise on the shift in property prices in Dubai by providing end-users and investors an opportunity to acquire their ideal property units at relatively lower prices. Strategic Marketing and Exhibitions (SME), the organiser of the event, has also revealed that the event will host world-class developers within its three day run, from February 15 to 17, 2009 at the Dubai International Convention and Exhibition Centre.
According to recently published reports, the biggest drop in prices has been in the high-end property segment, with average prices down one per cent in 2008 and 35 per cent since the peak. The downward trend has also hit properties targeting the middle-income bracket in the fourth quarter of 2008 despite an average increase of 18 per cent in this segment, as well as units intended for low-income customers, with only projects within Dubailand, Dubai Sports City and Jumeirah Village maintaining their actual prices. A number of high profile projects nearing completion within these master developments are being showcased at the upcoming ‘International Property Show - Dubai 2009’, thereby attracting a growing number of global and regional investors to the event.
“The continuous growth of the ‘International Property Show - Dubai 2009 underlines our commitment towards helping developers grow their business by means of generating international exposure for their world-class projects. We are also keen on highlighting the investor-friendliness of Dubai in terms of regulatory policies, as exemplified by the presence of the dedicated Real Estate Regulatory Agency (RERA) consultancy zone within the venue, where duly-appointed consultants and lawyers can help investors with their queries,” said Dawood Al Shezawi, Managing Director, SME. “In addition, there will also be special pavilion for banks and financial organisations to address customers seeking financial assistance in their investments.”
The ‘International Property Show - Dubai 2009’, is set to feature prime real estate projects from the UAE and across the globe, which are expected to draw in high net-worth individuals, commercial and residential investors and specialised visitors from the property industry. Leveraging its strong repute as the definitive event for companies seeking to establish strong personal relationships with worldwide players in property and investment industries, the event is aiming to surpass the records it has set in the previous edition of the show, wherein it has seen the participation of 35,000 visitors in 2008, reflecting a growth of over 50 per cent compared to the show’s 2007 edition.
“Amidst the current challenges brought on by the global financial crisis, we are optimistic that the current situation of the real estate market in Dubai will have positive developments in the future. However, there still exist opportunities within this unique scenario, and this is what we are seeking to provide to investors and end-users who will attend this year’s show. We would like to thank the Real Estate Regulatory Agency for their support for the ‘International Property Show - Dubai 2009’, and we are looking forward to the success of this year’s event,” concluded Al Shezawi.
Among the global real estate companies who have confirmed their participation at the event are high profile companies from the UK and US, in addition to international delegations from Malaysia, Spain, Thailand, South Africa, Bulgaria, Korea and Cyprus. Furthermore, some of the UAE-based developers who have confirmed their presence at the event include Khoie Properties, Tiger Properties, Falconcity of Wonders LLC, Roots Land Real Estate, RAK Properties, Corner Stone Real Estate, Bonyan International Investment Group, Dubai World Central, Chapal World LLC, Ayman Investments, Savannah Properties, Threesixty, and KM Properties, among others.
‘International Property Show - Dubai 2009’ to highlight world-class competitively priced properties
February 11, 2009
Real estate prices in Dubai have dropped by 25 per cent compared to its peak in September 2008, according to recent market reports. In line with this, the ‘International Property Show - Dubai 2009’, the biggest transactional property exhibition in the region, is set to capitalise on the shift in property prices in Dubai by providing end-users and investors an opportunity to acquire their ideal property units at relatively lower prices. Strategic Marketing and Exhibitions (SME), the organiser of the event, has also revealed that the event will host world-class developers within its three day run, from February 15 to 17, 2009 at the Dubai International Convention and Exhibition Centre.
According to recently published reports, the biggest drop in prices has been in the high-end property segment, with average prices down one per cent in 2008 and 35 per cent since the peak. The downward trend has also hit properties targeting the middle-income bracket in the fourth quarter of 2008 despite an average increase of 18 per cent in this segment, as well as units intended for low-income customers, with only projects within Dubailand, Dubai Sports City and Jumeirah Village maintaining their actual prices. A number of high profile projects nearing completion within these master developments are being showcased at the upcoming ‘International Property Show - Dubai 2009’, thereby attracting a growing number of global and regional investors to the event.
“The continuous growth of the ‘International Property Show - Dubai 2009 underlines our commitment towards helping developers grow their business by means of generating international exposure for their world-class projects. We are also keen on highlighting the investor-friendliness of Dubai in terms of regulatory policies, as exemplified by the presence of the dedicated Real Estate Regulatory Agency (RERA) consultancy zone within the venue, where duly-appointed consultants and lawyers can help investors with their queries,” said Dawood Al Shezawi, Managing Director, SME. “In addition, there will also be special pavilion for banks and financial organisations to address customers seeking financial assistance in their investments.”
The ‘International Property Show - Dubai 2009’, is set to feature prime real estate projects from the UAE and across the globe, which are expected to draw in high net-worth individuals, commercial and residential investors and specialised visitors from the property industry. Leveraging its strong repute as the definitive event for companies seeking to establish strong personal relationships with worldwide players in property and investment industries, the event is aiming to surpass the records it has set in the previous edition of the show, wherein it has seen the participation of 35,000 visitors in 2008, reflecting a growth of over 50 per cent compared to the show’s 2007 edition.
“Amidst the current challenges brought on by the global financial crisis, we are optimistic that the current situation of the real estate market in Dubai will have positive developments in the future. However, there still exist opportunities within this unique scenario, and this is what we are seeking to provide to investors and end-users who will attend this year’s show. We would like to thank the Real Estate Regulatory Agency for their support for the ‘International Property Show - Dubai 2009’, and we are looking forward to the success of this year’s event,” concluded Al Shezawi.
Among the global real estate companies who have confirmed their participation at the event are high profile companies from the UK and US, in addition to international delegations from Malaysia, Spain, Thailand, South Africa, Bulgaria, Korea and Cyprus. Furthermore, some of the UAE-based developers who have confirmed their presence at the event include Khoie Properties, Tiger Properties, Falconcity of Wonders LLC, Roots Land Real Estate, RAK Properties, Corner Stone Real Estate, Bonyan International Investment Group, Dubai World Central, Chapal World LLC, Ayman Investments, Savannah Properties, Threesixty, and KM Properties, among others.
Sunday, January 18, 2009
Global and regional real estate companies gear up for start of ‘International Property Show - Dubai 2009’
Global and regional real estate companies gear up for start of ‘International Property Show - Dubai 2009’
Event set to trigger major developments that will positively impact regional real estate market
January 18, 2009
Strategic Marketing and Exhibitions, the organisers of the upcoming ‘International Property Show - Dubai 2009’, has announced that leading global and regional real estate companies have confirmed their extensive participation at the event, which is slated to run from February 15 - 17, 2009 at the Dubai International Convention and Exhibition Centre. In addition, the event is expected to trigger major developments that will positively impact the region’s real estate sector, thereby underlining the exhibition’s credibility as the definitive event for highly profitable real estate investments in the region.
In a bid to encourage end-users and investors to invest in properties amidst the simultaneous completion of top-quality projects, the ‘International Property Show - Dubai 2009’ will feature prime real estate projects from the UAE and across the globe with local as well as international developers and real estate companies from UK, Thailand, Spain, Malaysia, South Africa, USA, Bulgaria, Pakistan, Cyprus, Egypt, Kuwait, UAE, Korea, Qatar and Turkey. The extensive participation of the real estate industry’s frontrunners is expected to attract high net-worth individuals, commercial and residential investors and visitors from the global property industry who will also largely benefit from the outstanding networking opportunities that the event will present.
“We are very pleased to bring to the international real estate industry, the 2009 edition of the ‘International Property Show - Dubai’. In many ways this year’s show is going to be significantly more dynamic, definitive and exciting, given the current market scenario.
Even in terms of opportunities, this edition could be unprecedented, as developers can target potential investors and visitors in a more focused manner, taking into consideration the recent market developments. From an investor’s perspective, they can choose from a wide range of properties depending on their requirements and take advantage of comparatively reduced prices,” said Dawood Al Shezawi, Managing Director, Strategic Marketing and Exhibitions. “The confirmed presence of globally-renowned real estate developers who were also present during last year’s event, underlines the significance of this event as the definitive networking and transactional event in the region.”
Amidst the current global credit crunch, the UAE still appears to be globally and regionally ahead in terms of getting credit, which has contributed to its position as an ideal destination for real estate investments. The UAE Government has also ensured that laws pertaining to the registration and transfer of property are both convenient and secure for investors. Furthermore, the establishment of RERA in Dubai has further boosted the emirate’s attractiveness to global and regional customers, by ensuring that all regulations imposed by the government are adhered to and the legal rights of all parties involved are protected.
“The current market scenario has spawned a unique opportunity for developers to underline the level of security they can provide for their clients’ investments, as customers become increasingly cautious in spending their hard-earned cash on real estate projects. Major players in the property sector need to realise that this is just a passing phase; the regional real estate sector will bounce back strongly soon. By staging the ‘International Property Show - Dubai 2009’, we are actively pursuing our initiative to support developers who are seeking to build the trust of international and regional investors. We are confident that this event will mark up strong participation from foreign investors looking for secure opportunities in the real estate sector,” concluded Al Shezawi.
Some of the UAE-based developers who have confirmed their presence at the event include Sorouh Real Estate, Falconcity of Wonders LLC, Fakhruddin Properties, RAK Properties, Tameer Holding Investment, Bonyan International Investment Group, Azizi Investments, Plus Properties, Ayman Investments, Cobalt Real Estate, B&M House of Riviera, Corner Stone, My Dream Real Estate, Smart Home Properties, Savannah Properties, Khoie Properties, Source Properties, Mina Al Fajer Real Estate LLC, Time Properties, Asia Star Properties International, Geo Property Brokers, Abu Dhabi Commercial Bank, The One Real Estate, Sherwoods Independent Property Consultant, Lootah Network Real Estate, and Amlak Finance PJSC.
Event set to trigger major developments that will positively impact regional real estate market
January 18, 2009
Strategic Marketing and Exhibitions, the organisers of the upcoming ‘International Property Show - Dubai 2009’, has announced that leading global and regional real estate companies have confirmed their extensive participation at the event, which is slated to run from February 15 - 17, 2009 at the Dubai International Convention and Exhibition Centre. In addition, the event is expected to trigger major developments that will positively impact the region’s real estate sector, thereby underlining the exhibition’s credibility as the definitive event for highly profitable real estate investments in the region.
In a bid to encourage end-users and investors to invest in properties amidst the simultaneous completion of top-quality projects, the ‘International Property Show - Dubai 2009’ will feature prime real estate projects from the UAE and across the globe with local as well as international developers and real estate companies from UK, Thailand, Spain, Malaysia, South Africa, USA, Bulgaria, Pakistan, Cyprus, Egypt, Kuwait, UAE, Korea, Qatar and Turkey. The extensive participation of the real estate industry’s frontrunners is expected to attract high net-worth individuals, commercial and residential investors and visitors from the global property industry who will also largely benefit from the outstanding networking opportunities that the event will present.
“We are very pleased to bring to the international real estate industry, the 2009 edition of the ‘International Property Show - Dubai’. In many ways this year’s show is going to be significantly more dynamic, definitive and exciting, given the current market scenario.
Even in terms of opportunities, this edition could be unprecedented, as developers can target potential investors and visitors in a more focused manner, taking into consideration the recent market developments. From an investor’s perspective, they can choose from a wide range of properties depending on their requirements and take advantage of comparatively reduced prices,” said Dawood Al Shezawi, Managing Director, Strategic Marketing and Exhibitions. “The confirmed presence of globally-renowned real estate developers who were also present during last year’s event, underlines the significance of this event as the definitive networking and transactional event in the region.”
Amidst the current global credit crunch, the UAE still appears to be globally and regionally ahead in terms of getting credit, which has contributed to its position as an ideal destination for real estate investments. The UAE Government has also ensured that laws pertaining to the registration and transfer of property are both convenient and secure for investors. Furthermore, the establishment of RERA in Dubai has further boosted the emirate’s attractiveness to global and regional customers, by ensuring that all regulations imposed by the government are adhered to and the legal rights of all parties involved are protected.
“The current market scenario has spawned a unique opportunity for developers to underline the level of security they can provide for their clients’ investments, as customers become increasingly cautious in spending their hard-earned cash on real estate projects. Major players in the property sector need to realise that this is just a passing phase; the regional real estate sector will bounce back strongly soon. By staging the ‘International Property Show - Dubai 2009’, we are actively pursuing our initiative to support developers who are seeking to build the trust of international and regional investors. We are confident that this event will mark up strong participation from foreign investors looking for secure opportunities in the real estate sector,” concluded Al Shezawi.
Some of the UAE-based developers who have confirmed their presence at the event include Sorouh Real Estate, Falconcity of Wonders LLC, Fakhruddin Properties, RAK Properties, Tameer Holding Investment, Bonyan International Investment Group, Azizi Investments, Plus Properties, Ayman Investments, Cobalt Real Estate, B&M House of Riviera, Corner Stone, My Dream Real Estate, Smart Home Properties, Savannah Properties, Khoie Properties, Source Properties, Mina Al Fajer Real Estate LLC, Time Properties, Asia Star Properties International, Geo Property Brokers, Abu Dhabi Commercial Bank, The One Real Estate, Sherwoods Independent Property Consultant, Lootah Network Real Estate, and Amlak Finance PJSC.
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