These initiatives are part of commitments by the local firms to support the UAE community in times of crisis
This time around, UAE-based Pakistanis can head to the Abu Dhabi National Exhibition Centre (Adnec) over the weekend to scour through property bargains during the third edition of the three-day Pakistan Property Exhibition which will run from November 2 to 4.
More than 25 developers will showcase and sell their projects at the exhibition. A few prominent ones among them are DHA, Model housing Lahore, New Lahore City and Bahria Town. The exhibitors will also feature exclusive spot sales, discounts and easy monthly payment plans for visitors.
A survey conducted during last year's exhibition revealed that 25 per cent of Pakistani investors preferred housing plots, 45 per cent opted for villas and the remaining 35 per cent invested in apartments.
There are approximately 1.3 million Pakistanis living in the UAE, making up one of the largest expatriate communities in the country.
"Studies have continuously shown new global trends that the real estate market in Pakistan is tapping. Apart from new demographic movements, Pakistan has also witnessed a heavy intercity migration over the last five years due to security and economic benefits that specific cities offer. The specialised pavilion at the International Real Estate and Investment Show aims to attract more than 6,000 Pakistani investors from the UAE," said Antoine Georges, managing director of Dome Exhibitions.
The Pakistan property market is estimated to be worth approximately $700 billion and expatriate Pakistanis play a big role in driving investment into the sector.
Out of $19 billion (Dh69.73 billion) remittances sent every year, around $4.3 billion (Dh15.78 billion) comes from the UAE and $5 billion from Saudi Arabia, making up around half of remittances from this region alone.
An analysis showed that around 20 to 25 per cent of these remittances go to real estate investments, said Zeeshan Ali Khan, co-founder, Zameen.com, Pakistan's largest property portal.
- waheedabbas@khaleejtimes.com
These initiatives are part of commitments by the local firms to support the UAE community in times of crisis
Though some employers were considerate enough to allow employees to work from home, some have asked staff to report to work now
It is a tale of love and dedication scripted in the heart of Abu Dhabi
The event brought together key players in the polo community to celebrate a successful season and honour outstanding achievements
In the first two days after the torrential rain on Tuesday, around 1,244 flights were cancelled
There has been fear that decades of enmity between the two could spill over into all-out war
The leading hypermarket chain has implemented additional measures to ensure sufficient stock availability for shoppers
Thousands of personnel deployed to clear accumulated water, clogged drains, and fallen trees