Special Features
New hotspots across Dubai boost emirate’s real estate landscape, aided by Expo 2020
Undercurrents of Expo 2020 dominated the 10th International Property Show, which coincided with the Annual Investment Meeting 2014, at the Dubai International Convention and Exhibition Centre. The show was abuzz with Expo 2020 talk, and how Dubai’s real estate was enriched by the emergence of new hotspot across the Emirate, giving new lucrative options for investors and end-users alike. This has reinforced the position of Dubai on the economic, tourism, construction and commercial fronts.Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, organizers of the International Property Show, said: “No doubt, Dubai’s successful Expo 2020 bid has generated higher demand for properties in the Emirate. All locations in Dubai have become appealing for investors in the run-up to Expo 2020. We feel investors believe strong in the vision of Dubai.”
The exhibition, the biggest since its inception, which is supported by the Dubai Land Department, has emerged as one of the leading regional real-estate meeting platforms for developers, investors and regional and international companies working in this field.
Al Shezawi added: “The Dubai market is very dear to GCC investors because of the proximity from their home counties, thus giving the Emirate an edge in building confidence in the potential for high returns on investment.
IPS 2014 has attracted higher number of exhibitors and hordes of visitors. On the first two days of the show, legislations, transparency and flexibility of investments were discussed, in association with the knowledge partner of the show, The Royal Institution of Chartered Surveyors (RICS) International.
“Attracting Sustainable Real Estate Investment” was the theme of a one-day Conference on the second day.
The Conference has brought to the table roadmaps for emerging markets to compete with more established real estate markets.
This world-class conference comes at a time when institutional investors are looking at Dubai as a typical realty market that provides income generating assets in the mid and long run. The conference discussed local and regional market transparency and factors that motivate international funds to commit large sums of money to the local market, a trend that has been remarkable in the Dubai market since the start of 2014.
The conference theme centred on how frontier and emerging markets can attract sustainable real estate investment.
Moreover, role of regulation in driving transparency, market confidence and facilitating sustainable investment in emerging markets were some of the key topics discussed.
The conference hosted a special session on contracts, dispute resolution and dispute avoidance in the construction and real estate sectors, and how to avoid risk pricing, project delays and unwanted costs.
Exhibitors have come from all over Europe, Asia Pacific and North and South-East Africa. These will include developers involved in the development of residential communities and high-rise buildings, entertainment facilities, retail outlets, financial institutions, banks and investment companies, pension funds, asset management companies, authorities, investment zones and engineers of construction and interior design.
