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Show reinforces Dubai’s position as investment hub

(STAFF REPORT)
Filed on April 3, 2015
Show reinforces Dubai’s position as investment hub

The three-day show highlighted that the uniqueness of Dubai — more than 200 nationalities living in it — was reflected in the amount of deals done at the show.

Dubai — Exhibitors at the International Property Show 2015, which concluded on Wednesday, have said that many deals were done during the show, locally and internationally involving plots and residential units in the UAE and overseas.

The three-day show highlighted that the uniqueness of Dubai — more than 200 nationalities living in it — was reflected in the amount of deals done at the show. Real estate experts said that the diverse property offers that came from many counties as well as from the UAE have boosted Dubai’s position as a global hub for property investment. It further strengthened the emirate’s position as the ideal location to organise property exhibitions and generate investment deals. Organisers of the show also announced plans to double the exhibition area for the next edition based on the overwhelming participations and number of visitors seen this year. Participants in the exhibition represented countries like the USA, UK, Turkey, Jordan, KSA, China, and many other European and African countries as well as leading developers from the UAE, such as Dubai Properties and Damac.

Haider Ali Khan, CEO of Bayut.com, the official online property portal partner of the show, said: “The International Property Show proves how UAE is a great place to showcase and market your projects regardless of where in the world they are. This market understands real estate really well and is always interested if there are quality real estate products available in the market.” Nick Jaffray, MD of Palm Star, said: “The International Property Show has been a success for our company. We offer a personal and discreet service to our clients, which involves travelling to the UAE on a regular basis. We are currently in talks with a business partner to open an office in Dubai to serve our clients in the region. The show has enabled us to keep in touch with our clients and our partners and to introduce our company to new long term clients who are looking for a private and professional service for London property.”

He added: “We charge our clients a retainer for private property acquisition and all the advice they require to make informed decisions. At the show, we offered four handpicked projects across London, which we feel offer good capital appreciation. This is an introductory offer where we have not charged new clients, and we hope they are happy with the new property and our service. We have had strong interest from select new clients and we took deposits for new property purchases. We look forward to returning to the UAE again very soon.” The show has seen an increasing influx of end buyers who were willing to purchase real estate units in Dubai, according to exhibition participants.

 — business@khaleejtimes.com


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