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IPS delivers robust realty investment in 2016

The International Property Show (IPS), a property event held annually for international and local investors and market players, delivered about billions of dirham worth of projects during first quarter of 2016, according to a report.

The projects mainly covered residential, commercial and mixed-used real estate from UAE, Pakistan, USA, UK, Europe, Turkey and other GCC Countries.

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”.

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 square metres is allocated for the show to accommodate large number of people.

Significant progress of the region in the real estate market shows increasing interest from 149 nationalities. Based from Dubai Land Department (DLD) report, about Dh57 billion in total real estate investment have been invested in Dubai by 26,000 investors. Gulf Cooperation Council (GCC) nationals is accounted for Dh22 billion investments in Dubai property market, and half of which is shared by Emirati’s investment totaling of Dh14,523 billion transactions.

Adding to this from the investment report of DLD, foreign investment in Dubai real estate market reached more than Dh28 billion whilst Arab investors outside GCC contributed to more than Dh7 billion.

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.

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).