Sultan Butti bin Mejren and Dawood Al Shezawi
IPS sells 50pc of showcased properties
Dubai, May 8, 2013
Exhibitors participating at the recently concluded International Property Show (IPS) 2013 in Dubai said they have sold 50 per cent of properties exhibited and that the other 50 per cent drew keen interest by regional brokerage firms.
Exhibitors at the third edition of the IPS showcased 250 different projects mainly from the UAE, UK, Brazil, the Philippines, Thailand, Morocco, Turkey, Cyprus, Egypt and Canada among others. The three day event attracted about 20,000 visitors.
The Sustainable Real Estate Conference also concluded on the same day. The conference, organised by the Land Department in cooperation with the Arab League, saw the participation of senior officials and dozens of experts and specialists from the UAE and abroad.
The IPS, organized by Strategic Marketing and Exhibitions at the Dubai International Convention and Exhibition Center, was held in parallel with the Annual Investment Meeting, an initiative from the UAE Ministry of Foreign Trade.
The organizing committee of IPS said that it has received requests from developers and exhibitors confirming their desire to attend the fourth edition next year which is expected to be the largest edition of the show.
Falconcity of Wonders, the strategic partner of the IPS revealed details of its new projects such as Small Pyramid and the Medium Pyramid and signed agreements with consultants in this regard.
It also revealed the latest developments of its project developed within Dubailand. Diamond Developers showcased its grand project, the Dubai Sustainable City in Dubailand and introduced details of the project’s design for the first time.
The IPS successfully attracted dozens of major local and foreign companies and received full booking of exhibiting areas ahead of the show.
Sultan Butti bin Mejren, director General of Dubai Land Department (LD), said the IPS has succeeded again in attracting major local and international companies seeking to promote their projects among investors and business community and forge partnerships in Dubai.
Dawood Al Shezawi, CEO of Strategic Marketing and Exhibitions, said: “The successful conclusion of the show and the participation of leading developers and other firms working in the sector clearly indicate the full recovery of the property sector.”
“The UAE is taking the lead in enhancing recovery in this vital sector. The UAE has seen the launch of new mega-projects and resumption of stalled projects and this clearly indicates a healthy recovery.”
The Arab International Sustainable Real Estate Conference organized by the Real Estate Investment Promotion and Management Center of LD concluded after successfully achieving the set objectives. The two-day event brought together senior Arab and foreign officials, executives, international experts to discuss ways of boosting and promoting sustainability in the real estate sector in the short and long term.
Bin Mejren added: “The conference successfully addressed the three dimensions of sustainability — ecological, social and economic aspects, and it was rich in debates and discussions related to sustainability. It also highlighted issues related to financing, regulation and marketing.”
He stressed on LD’s strategy of introducing leading initiatives and giving priority to sustainability. The LD wasn’t limited to its role in registering and documenting transactions, but it contributed effectively in shaping the real estate sustainability and keeping pace with latest international developments.
The conference addressed important issues representing the cornerstones on how to deal with sustainability issues in the real estate market and meet sustainability requirements while benefiting from past experiences in developing new mechanisms. – TradeArabia News Service