International Property Show (IPS) 2006, the comprehensive annual trade exhibition for international and Middle East property markets held as part of the International Property Week, has extended its reach in the Kingdom Saudi Arabia (KSA) real estate markets with leading Saudi real estate firm Olaya, exclusive regional agent of renowned UK-based Coldwell Banker, announcing support and sponsorship for the exhibition.
Saudi-based Olaya, operating out of Riyadh and Jeddah with a specialized team of over 150 employees providing management and real estate financial services, announced support and sponsorship for the Show. The move comes as Olaya looks to raise the profile of its recently launched major multi-propose project in southern Riyadh, looking to offer 12,000 residential units in addition to clinics, schools, shopping facilities and public amenities in a bid to address the massive shortage of residential properties in KSA. There is a shortage of 225,000 residential unites in Riyadh alone, and an overall dearth of 1000,000 plus residential units in the Kingdom.
IPS 2006, jointly organized by Strategic Marketing and THE DOMUS GROUP, is gaining momentum as a comprehensive platform for local, regional and international developers to showcase their real estate offerings, and will be held from 21-23rd February 2006 at the Dubai International Exhibition Centre (DIEC).
Dr. Badr bin Ibrahim bin Saedan, Chairman, Al Olaya, said, “Events such as the International Property Show emphasize the importance of networking and developing direct links with the marketplace. The Show will serve as a platform not just for business development, but also mutual exchange of experience, expertise, and innovative solutions. We fully support the Show, and believe it to be an excellent medium for bringing different facets of the market together. We look forward to the Show’s success and growth.”
Dawood Al-Shezawi, Chairman, Strategic Marketing, said, “The International Property Show caters not just to the highly active Dubai real estate market, but also brings to focus regional markets and international offerings. The International Property Show is the premier platform where buyers and investors meet, and we are certain to see important deals closed during the Show”.
IPS will allow visitors to appraise a multitude of premium international investment opportunities and is expected to attract investment by regional and international investors alike. The Property Show will also host free seminars offering a comprehensive synopsis on global real estate investment opportunities for private investors and real estate consultants, and provide on-site tours to some of the more innovative developments. Further information on the show can be found at the IPS’s official website, www.dubaipropertyshow.com.
David Domoney, Managing Director, THE DOMUS GROUP, commented, “Decision-makers, investors and law-makers alike are speculating forthcoming changes in market dynamism brought about by the completion of new property developments and the possible introduction of new legislation. The market, while still growing at a rapid pace, is nevertheless stabilizing, signaling the end of the speculative off-plan earnings era. IPS’s comprehensive exposition of real estate ventures will allow buyers to contrast and discuss multiple locales and options before reaching a calculated decision”.
“The Show is being closely watched by developers and investors as an indicator of a changing real estate market,” he concluded.
