Saudi investors target Dubai real estate
Transactions worth $898.4mn carried out in first half of 2014
Saudi investors made 1,121 transactions worth $898.4mn (AED3.3bn) in Dubai’s real estate in the first half of 2014.
This came out of the total $5.1bn (AED19bn) ploughed in by Gulf investors, according to figures released by Dubai Land Department.
As a result, organisers of the International Property Show (IPS) 2015, which will be held from 30 March to 1 April, are targeting groups and individuals from the Kingdom.
IPS organisers added that the next edition will attract 300 exhibitors showcasing high end projects that are in high demand from Saudi investors and end users.
“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," said Dawood Al Shezawi, CEO, strategic marketing & exhibitions, organisers of IPS 2015.
IPS 2015 is expected to attract 10 international pavilions from amongst others UK, USA, Canada, Australia, Turkey, Spain, Cyprus as well many local and regional developments.
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.
Around 20,000 visitors are expected to attend the next edition at the Dubai International Convention and Exhibition Centre.