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Al Shezawi ...... Saudi investors are the driving force in the
UAE real estate.

Saudis pump $879m into Dubai real estate

DUBAI, October 20, 2014

Saudis have emerged the second biggest investors in Dubai's property sector among the GCC states pumping Dh3.3 billion ($879 million) into the emirate's real estate during the first half, said an expert.

The UAE nationals had sealed transaction deals worth $3.4 billion, almost double compared to the $1.76 billion invested by all other GCC nationals combined, stated Dawood Al Shezawi, the CEO of Strategic Marketing & Exhibitions, the organiser of International Property Show (IPS) 2015.

IPS brings together developers, real estate brokers, private and institutional investors, major local and international real estate companies, providing a unique opportunity to clinch lucrative business and investment deals.

The show is expected to attract 10 international pavilions from amongst others the UK, US, Canada, Australia, Turkey, Spain and Cyprus as well many local and regional developments, due to its growing reputation as the ideal destination for all sorts of buyers in the region.

According to Shezawi, the UAE real estate market has started showing great signs of growth and is attracting international companies and service providers that are keen to expand their presence in the region.

“We have succeeded in making IPS a platform for end users to enjoy doable and hot deals by providing a friendly environment for all. Saudi investors are the driving force in the UAE real estate sector and we are reaching out to them in a special way, as they have been major visitors to IPS since its launch,” stated Al Shezawi.

The next edition will attract 300 exhibitors showcasing high-end projects that are in high demand from Saudi investors and end users, he added.

“We are in talks with all exhibitors to offer noticeable discounts on units, especially for the end-user segment. We have managed to establish a one-of-a-kind platform for traders and individuals alike. We believe that the robust consumer can sustain vitality in the real estate sector and will encourage more investments in the long run,” said Al Shezawi.

IPS has emerged as a destination for elite investors and end users in the growing construction industry in the UAE and the region at large.

The next edition of the show will coincide with the Annual Investment Meeting (AIM) 2015, the leading investment event to be attended by more than 15,000 participants from 140 countries.

Around 20,000 visitors are expected to attend the event to be held at the Dubai International Convention and Exhibition Centre from March 30 to April 1, said the event organiser.-TradeArabia News Service
 




Tags: UAE | Dubai | Saudi | property |

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