Tuesday, March 28, 2017

Global giants head to Dubai for big property expo

Major players from some of the world's leading real estate destinations such as Portugal, Cyprus, India, Pakistan, Sri Lanka, US, UAE and China will be showcasing their projects at the upcoming International Property Show in Dubai.

A focused B2B and B2C platform with a global reach that explores new real estate destinations with investment opportunities, International Property Show will be held from April 2 to 4 at the Dubai World Trade Centre.

According to The Wealth Report, an annual publication by leading real estate expert Knight Frank, the chief Chinese city of Shanghai had experienced the biggest annual price hike for prime residential real estate.

Prices for prime properties in Shanghai jumped 27.4 per cent in 2016, solidifying its position as one of the top cities in the world, it stated.

Beijing saw the second-biggest increase, with price growth of 26.8 per cent, followed by Guangzhou, which experienced a 26.6 per cent gain, the report added.

“China's real estate market has strengthened over the past year due to the growing economy and increased demand for housing. In addition, international investments are driving more money into the country’s real estate,” remarked Dawood Al Shezawi, CEO, Strategic Marketing & Exhibitions, the event organiser.

The Los Angeles also ranked No.1 in North America in a survey of global real estate investors who have a combined total of $1.7 trillion to spend on property in 2017. Top choice cities for realty investment in other regions were London and Australia.

Dubai, he stated, has also proved to be an investor magnet ever since it opened its real estate sector to non-Gulf international investors.

"The emirate has not looked back from that point onwards and has maintained a commanding march in relation to business activity in its property market. Throughout 2016, investors belonging to India, UK and Pakistan topped the list of the biggest non-Gulf international investors in Dubai’s realty sector," he added.

With some of the world’s best realty destinations taking part in the International Property Show, it is an excellent opportunity for exhibitors to promote their existing and reveal their future projects, and for potential buyers to explore the best in properties, stated Shezawi.

“Dubai yet remains the top favourite realty destination for investors across the globe. Its stable political conditions and steady economic growth has supported the property market encouraging investors to diversify their investments and distribute their capital into the flourishing market,” he added.-TradeArabia News Service

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