Dubai Property Investment Show 2005 opens

Travel News Asia 1 February 2005

Dubai Property Investment show, the Middle Easts comprehensive annual exhibition for the international and Middle East property market, and part of International Property Week, opens its doors today with over 150 participants from more than 25 countries. The show, organized by THE DOMUS GROUP, in partnership with Strategic Marketing, will run till February 3, 2005, in Hall 1, Dubai International Exhibition Centre.

Inaugurating the show, Mohammed Al Gergawi, Chairman of Dubai Development and Investment Authority (DDIA) and CEO of Dubai Holding said Exhibitions such as Dubai Property Investment Show are a value-add-on to the booming real estate sector. This is a tremendous show, focusing not only on important UAE and GCC-based projects, but also bringing in several international projects to investors in the Arab world. Dubai has set the pace for massive growth in the real estate sector, with other countries in the region mirroring the scale of development. The property sector is one of the biggest drivers for growth in Dubai and the rest of the GCC, with projects worth an estimated AED 300 billion in Dubai alone in the coming 10 years.

Several high-profile international projects will be at the show from exclusive beach front development sites on Sentosa Island, Singapore to golf resorts in Spain, residential villas in Australia, developments in New Zealand, condos in Malaysia and luxury villas in Phuket. UAE-based projects will be one of the biggest attractions at the show, in light of overseas investors now being able to finance up to 70 per cent of the original price of freehold properties in the emirate.

The Property Show will serve as a launch pad for many companies who wish to strengthen their position in the Middle East region. Several industry-related activities are staged as part of the International Property Week, including free seminars for private investors and real estate professionals and the MEED Middle East Real Estate conference, offering visitors a comprehensive and in-depth view of property markets.

The real estate sector in the Gulf region has seen significant growth in the past few years, with the launch of projects that are unmatched in scale in size and scope for investment. The sector is witnessing buoyancy in Dubai and the other countries of the region as capital is being focused into diversifying the Gulf economy away from an oil-sector base. There has never been a more ideal time to launch such a show, said Dawood Al-Shezawi, Chairman, Strategic Marketing, THE DOMUS GROUPs partners for the show.

Simply put, the show is a platform for property developers, agents, investors and buyers to interact and gather information on some of the most interesting properties and investment opportunities available in Dubai, the Middle East, and across the globe, said Guy Guillemard, Marketing Director of THE DOMUS GROUP.

Countries represented at the show include the UAE, Australia, Bahrain, Bulgaria, Croatia, Cyprus, Egypt, France, Germany, Iran, Kuwait, Lebanon, Malaysia, New Zealand, Oman, Saudi Arabia, Singapore, Spain, Thailand, Tunisia, UK and USA.

The exhibition is open from 10:00 am to 1:00 pm, 5:00 pm to 9:00 pm on February 1 and 2, and 10 am to 8:00 pm on February 3 at the Dubai International Exhibition Centre.

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