Sheikh Hasher Bin Maktoum Al Maktoum, Director General, Dubai Department of Information, opened today (April 3rd, 2007), the third edition of the International Property Show, the biggest transactional property exhibition in the region, at the Dubai International Exhibition Centre (DIEC). International Property Show 2007, which will run from April 3 - 5, has grown by 35 per cent occupying halls 5, 6, 7, and 8 and will host 300 regional and international companies from various countries showcasing high-end property developments in the UAE and around the world.
A major highlight of this year’s exhibition is the increased international participation with exhibitors coming from China, USA, UK, Cyprus, Malaysia, Turkey, Germany, India, Thailand, and Singapore to join top regional property developers from UAE, Qatar, Kuwait, Saudi Arabia, and Bahrain. Local leading property developers are highly represented with the participation of over 70 companies showcasing their latest achievements and projects.
“Dubai’s economic boom has made it a prime location for rewarding business and provides the local real estate market a competitive edge in the cutthroat global arena of property development. Investors from across the globe continue to see Dubai as a lucrative choice for high-stakes ventures as reflected in the larger international participation and the high profile of exhibitors this year,” said Dawood Al Shezawi, Managing Director, Strategic Marketing & Exhibitions. “Global players who are poised to either tap or expand their share of the local property industry attend the International Property Show not only to meet and network with key decision-makers but also to conclude high-value deals.”
More than 40 Chinese developers will visit the International Property Show 2007, according to Strategic Marketing & Exhibitions, organizers of the event, which collaborated with CIHAF, China’s top trade fair for the real estate industry, in a bid to enhance the relations and cooperation among industry players in both countries. Along with establishing business relations, the delegation will also tour Dubai’s landmarks such as The Palm, The World, Dubai Waterfront, Dubai Industry City, World Trade Center and City of Arabia.
Among the leading regional property developers, First Qatar, a leading real estate developer, will showcase its luxury apartments at First Towers located in The Pearl-Qatar during the exhibition. The company will also highlight the country’s first rental guarantee scheme that offers owners of one-bedroom units a 25 per cent return on purchase price over three years and two-week occupancy every year.
Multi-billion property developments will be featured during the event such as projects from Dubai Properties, Tameer Holding, Al Fajr, Omniyat and others. The event will feature auctions of prime plots of land and properties from Dubai. The auctions will take place on April 4th at 6 pm and will be under the supervision of Dubai Land Department. Further, different services related to the real estate sector will be highlighted including the Malik Card service provided by the Dubai Land Department which helps its owners access the department’s various services, thus taking advantage of the value-added services offered by the different partners of the department. These services include issuing site maps, electronic appraisal, and updating of owners’ information.
“The premium selections from our platinum sponsors exemplify the level of property developments that are highlighted during the exhibition. With the larger local and international participation, the auction and the new speed networking forum, participants will have an even greater opportunity to explore investment opportunities in the UAE and from across the globe,” concluded Al Shezawi.
