International Property Show is back, bigger and better
By Deepthi Nair/Dubai khaleejtimes
Filed on February 2, 2016
Exhibition in April features developers from India, Pakistan, the UK and Turkey
If you’re looking to invest in real estate in the UAE or other markets abroad, your best chance to do a recce of available opportunities is to head to the upcoming International Property Show.
The 12th edition of the International Property Show (IPS) will be held from April 11 to 13 this year at the Dubai International Convention and Exhibition Centre.
This edition of the show is expected to be bigger than last year, with over 300 exhibitors and 20,000 visitors. Last year, the IPS featured 125 exhibitors and 14,687 attendees.
The exhibition has been 70 per cent sold out, with both local and international exhibitors accounting for an equal share of space so far.
“Last year, the IPS spanned over 5,000 sq metres. Although majority of the space is sold out this year, we have room to grow the event. It has already hit the same level of exhibition space as last year,” says Kamran Mehdiyev, IPS project director.
“Developers have taken up a big proportion of space. Property agencies, financial institutions, legal firms and insurance companies will also have a significant presence. We’d like to increase participants from sectors such as interior design and architecture,” he adds.
Non-committal about the value of transactions clinched during the show last year, Dawood Al Shezawi, president of Strategic Marketing & Exhibitions (SME), the event organiser, says properties worth hundreds of million of dirhams were sold during the last edition.
“Developers managed to sell a good bulk of units in the last edition of IPS. Our retention rates are growing. Companies are also keen to expand space,” he informs.
Al Shezawi predicts an increase by 25 per cent in value of transactions at IPS 2016 compared with the previous edition.
The IPS, which focuses on B2B and B2C meetings, permits real estate transactions on its floor. Exhibitors are entitled to collect down payments and present title deeds to purchasers at the show.
The show will see participation from the most sought-after markets by UAE investors such as Turkey, India, the UK and Egypt. New markets on the exhibition’s radar include Australia, Poland, Spain, Portugal and Greece. There is also a debut Pakistan pavilion at this year’s edition.
The top six nationalities that visit the IPS every year are from India, Pakistan, the UK, Egypt, Saudi Arabia and the UAE.
“More international markets are now on the radar of investors, given turbulence in oil prices, geopolitical unrest and currency fluctuations. This makes certain markets attractive to investors. They can stand to benefit when the situation stabilises,” says Mehdiyev.
The event will also benefit by virture of being co-located with the Annual Investment Meeting (AIM), an FDI event focused on emerging markets. High-level trade delegations, high-net-worth individuals and sovereign wealth funds attend the AIM every year.
According to Walid Farghal, director-general at AIM: “We have invited more than 180 countries for the AIM. We have high-level delegations coming from Asia, Europe and Latin America. The synergies between the two events can attract investors.”
Local participation will include developers Emaar, Christie’s International Real Estate and chartered surveyors Land Sterling, among others.