Dubai– The International Property Show, in partnership with Dubai Land Department, announced the launching of its nineteenth edition, which will take place from February 12 to 14 at the Dubai World Trade Center. The exhibition aims to provide an ideal platform for end-users, investors, and buyers, to assist them in finding the properties they are looking for while providing fresh opportunities for developers to display their projects at appealing prices.
The International Property Show is the largest platform for selling real estate in the Middle East to local and international buyers and investors. It is a world-class exhibition that allows the sale and purchase of local and international real estate. It also offers exhibitors the opportunity to display and sell their commercial and residential projects within a rich investment environment; moreover, for visitors who are focused on investments, the show provides ideal opportunities to discover the best local and international investments in the real estate market. Visitors will also benefit from exclusive deals and discounts offered by the participating parties in the exhibition.
Over the course of three days, the exhibition will allow participants ranging from government officials, major real estate developers, major real estate companies inside and outside the United Arab Emirates, financing institutions, banks, and investors, the opportunity to network, gain valuable knowledge and explore the investment opportunities offered by the real estate sector in Dubai.
Dawood Al Shezawi, President of Strategic Exhibitions & Conferences, said “The exhibition represents an ideal opportunity for those looking to direct their capital towards a vital and stable sector, along with the rewarding returns it brings back to them, as the real estate market in the United Arab Emirates is one of the most prominent and active real estate markets in the region which establishes a major attraction for investors from all over the world.”
Al Shezawi indicated that the real estate sector in the United Arab Emirates has witnessed an exceptional year during 2022. The results of reports and studies show an increase in real estate prices and rental values. The total real estate sales in Dubai amounted to 265.6 billion dirhams, distributed in more than 97.48 thousand deals, according to official reports, which is the highest annual value in the history of the real estate market in the United Arab Emirates. This is due to several main factors including the adoption of new residency laws, and the interest in attracting investors by granting them the Golden Residency Visa when purchasing one or more off-plan properties worth two million dirhams. Added to that, the upward momentum of growth in the national economy is supported by the rise in oil prices, the growth of the non-oil sector, and the positive results of Expo 2020 Dubai.
The real estate sector in the Emirate of Dubai has maintained sustainable growth in terms of value and number within real estate sales. It has witnessed a growth of about 78.3% on an annual basis in terms of the value estimated at 149 billion dirhams, and 62% in terms of the number of deals compared to 60.2 thousand deals in the past year 2021, according to the data of Dubai Land Department.
The month of December 2022 witnessed the second-highest monthly value of real estate sales deals in history, with a value that exceeded 26 billion dirhams, after the sector recorded sales of about 30.8 billion dirhams last November, as the highest rate for one month in the history of the real estate market in Dubai.
The “International Property Show” provides three-day participants with a bundle of activities, most notably the main conference, which includes dialogue sessions where elite real estate professionals, decision-makers, real estate developers, and senior government officials participate with the aim of exchanging opinions, experiences, and knowledge on the latest developments and trends in the local, regional, and global markets, along with exchanging their new government regulations.
Among the exceptional events is the organization of corporate meetings, as well as the meetings that bring participants together with customers. The aim of these meetings is to facilitate communication between them and increase the chances of concluding real estate deals and commercial exchanges in the future.
The exhibition also organizes workshops and training seminars for those who work within the real estate sector and are interested. During these workshops and seminars, updates on the sector’s developments in terms of ideas, trends, and strategies will be reviewed, contributing to the development of professionals and ensuring they gain a better understanding of the real estate competitive environment.
It is worth noting that the exhibition this year will witness participation from several countries in addition to the United Arab Emirates, most notably the United States of America, the United Kingdom, Turkey, Cyprus, Portugal, Pakistan, Spain, Africa, Mexico, India, and many countries that are characterized by granting incentives to interested investors.