International Property Show opens in Dubai
Dubai, April 30, 2013
The International Property Show 2013 (IPS) kicked off today in Dubai featuring major national and foreign companies.
The event will run until May 2 at the Dubai International Convention and Exhibition Centre. The majority of companies participating in the IPS belong to the UAE, UK, Brazil, the Philippines, Thailand, Morocco, Turkey, Cyprus, Egypt and Canada.
The show is supported by Government of Dubai Land Department and is held in parallel with the third edition of the Annual Investment Meeting (AIM).
Falconcity of Wonders, the leading project in the region has announced its strategic partnership with IPS 2013, is participating in the event with a pavilion showcasing a model of the project in order to provide information related to the implementation phases.
Diamond Developers, who develop the first of its kind in the region Dubai Sustainable City project, is the sponsor of the event. Diamond Developers is a major participant in the event with a model of the new city.
The exhibiting space at the IPS was fully booked in a short period of time, said organisers, adding that this was a clear indicator that the IPS new edition receives momentum under the support and participation of Dubai Land Department (LD).
Sultan Butti bin Mejren, director general of Dubai LD, said the IPS has succeeded again in attracting companies who seek to benefit from the excellent reputation of Dubai as a platform for promoting projects and reaching business deals among the business community and investors.
Bin Mejren noted that the LD is keen to support activities related to the real estate sector and the department is pleased to see this level of professionalism in the arrangement of the new edition of IPS. He added that last year’s edition welcomed 18,000 visitors from 70 countries.
Dawood Al Shezawi, CEO of Strategic Marketing and Exhibition, the organiser of the show, said the responses and demand for participation in the IPS by developers reflect the full recovery of the property sector internationally.
The UAE property market led this progress and saw rapid recovery compared to other markets. The launch of new mega-projects and resumption of stalled projects clearly indicate this healthy recovery.
Al Shezawi noted that developers realize the importance of seizing the opportunities available at IPS to reach out for investors. This approach reflects understanding of the importance of promoting projects. The Emirate of Dubai provides quality and international dimension for developers who are keen participate in the show.
Salem Al Mossa, CEO and chairman of Falconcity of Wonders, said that the company will benefit from having a large stand to showcase its leading project Falcon City of Wonders that continues to attract more investors looking to buy properties in this vital and comprehensive project.
The company is set to announce three new projects during the IPS, including the small and big pyramid and one retail project, he added.
Faris Saeed, chairman of Diamond Developers, said that the company sponsored the event as a result of its leading statue among international property events. The IPS comes to indicate the full recovery of the property sector in the UAE and Dubai in particular, he added.
He disclosed that his company will showcase for the first time an interactive model of the Dubai Sustainable City located in Dubai Land. He noted that the new project received local and international interest even before its official launch. – TradeArabia News Service
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