DUBAI, UAE - With the woes of the oil and commodities industry easing out and governments raising their spending on infrastructure,the property market for retail, residential, industrial, office and hotel sectors will witness a strong growth in 2017 on a global basis, according to CBRE. In lieu of the promising growth, the 13th edition of the International Property Show (IPS) which will be held from April 2nd to 4th this year at the Dubai International Convention and Exhibition Centre will feature a new platform called ‘The Global Property Market’.
The Global Property Market is an initiative by Dubai Land Department (DLD).It presents a niche opportunity for strategic information and networking on investment and development. In addition, the Global Property Market will provide a robust platform to meet and do business with top-tier investors and property professionals from across the globe. Supported by International Property Show, this year’s Global Property Market will be of particular significancewith investors determining and locking strategies to pursue in 2017.
“With the leading global real estate investment rising in the UAE and other international countries, the Global Property Market is an ideal place to meet many of the key decision-makers.Exhibiting companies will have access to free training course with the Dubai Real Estate Institute, conduct direct sales and issue deeds, interact with visitors and investors from around the world who have the means and desire to purchase finest properties and also have an opportunity to promote their developments and projects to over 20,000 potential attendees from all over the world,” said Walid Farghal, Director General, Strategic Marketing & Exhibitions, organizers of the International Property Show.
According to a data from Reidin-GCP, it is noted that Dubai provided returns of 120 per cent for investors in the form of rents and capital gains. Singapore property offered a similar set of returns, while investors in London and New York had access to 75 and 63 per cent gains. In broad terms, returns per annum ranged between 5 to 11 per cent from these four markets.
“The global property market is certainly heading for a growth. Owning an investment property and collecting good rental income are the key drivers for the upsurge. As such, the companies exhibiting at the Global Property Market at the International Property Show will have a competitive advantage to sell properties to investors and visitors and improve their profitability. Furthermore, companies exhibiting at the Global Property Market will meet buyers and investors from varied events in conjunction with The Annual Investment Meeting, the Future Cities Show, Aim Start-up and Dubai International Government Achievements Exhibition,” said Farghal.
The International Property Showis accredited by the Dubai Real Estate Regulatory Authority and is the only show focused on B2B and B2C meetings with an international reach that explores new real-estate destinations with investment opportunities.
More than 150 countries participatedat the show last year, drawing a crowd of 15,000 which includes investors, builders and real estate companies. The visitor profile at the show comprised of 31 per cent investors, 22 per cent real estate agents and brokers, 17 per cent property developers, 10 per cent financial institutions, investment brokers and legal services, 10 per cent contractors, architecture, design and facility management services, five per cent media representatives, three per cent government associations and two per cent of mixed visitors.
