Schon and Deyaar among the exhibitors at IPS 2008

Schon and Deyaar are two of the more than 200 local, regional and international exhibitors that will showcase their latest products and services at the three-day International Property Show, which opens today at the Dubai International Convention and Exhibition Centre. 'We are confident that investors will appreciate the superior value of our projects, and are optimistic about closing very lucrative deals by the close of the exhibition,' said Danial Husain, vice-president of Schon.

In a statement, Husain said that 80 per cent of the company's Schon Business Park, a development within the Dubai Investment Park complex, had been leased within five days after its launch. Enabling works, such as shoring and ground stabilising, have already been awarded while foundations works on Sch on's Dh3-billion Dubai Lagoon, a residential apartment community, are also progressing. Deyaar said that its residential blocks Coral, Jade and Ruby would put emphasis on its high-quality development projects and the strategic location of the seven-million-square-metre Dubai Silicon Oasis. Saeed Al Qatami, managing director of Deyaar, said the company would showcase projects with high investment returns, including the Dh1.5-billion Bristol Towers, in Business Bay. These projects reflect the company's extensive land bank, design expertise and market insights, he added.

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Deyaar hailed IPS 2008 for introducing the latest real-estate projects from across the globe. 'The show is recognised as a powerful networking platform for high net worth individuals as well as leading players in the property sector and related industries,' it said in a statement.

Al Madar Property Investments, a real-estate developer covering the Gulf market and part of Qatar-based Al Madar Group, will showcase Dh600 million worth of portfolio at IPS 2008, which runs until February 19. 'The Gulf region's ongoing economic boom has brought exciting opportunities for growth in the property sector,' said Engr Haider Abdulreda Mashhadi, managing director of Al Madar Group. 'Al Madar has seized the opportunity...by launching projects located in strategic areas across the Gulf.'

Abdallah Hageali, CEO of Tameer Holding, the show's platinum sponsor, stressed that IPS affords good 'exposure' to participating companies and 'contributes on a massive scale' to the growth of the property sector. 'It also offers us an opportunity to explore new avenues, discuss challenges and new innovations with peers and to present interested parties with a comprehensive view of all that we have to offer,' he added.

Earlier, IPS organiser Strategic Marketing & Exhibitions said this year's exhibition would feature, among other things, high value auctions organised by the Dubai Land Department.