International Property Week to showcase select property investments from local and international markets

The show is being jointly organized by THE DOMUS GROUP and Strategic Marketing. As players from international markets such as Australia, New Zealand, South Africa, Malaysia, France, the U.K, U.S.A, Singapore, Thailand, Hong Kong, Germany and Spain gear up for the exposition being held from February 21-23, 2006, at the Dubai International Exhibition Centre, the exponential growth in attendance has compelled the organizers to increase exhibition area substantially for the 2006 edition of the show.

From the Middle East real estate markets, world class representation of developers, real estate agents and ancillary finance providers is expected, while market leaders such as 1st Horizon Real Estate LLC, Palma Real Estate, Majan Gulf Properties LLC, ETA Star Property Developers LLC, People Group, Global Education Management System, Spanish Golf & Sports Resorts SLU, Green House Realty, 32 Group Properties, Zahed Real Estate, Express Print (Publishers) LLC, Al Khaleej, Aqariya Real Estate TV, Al Nisr Publishing (Gulf News, Property Weekly), Corinthian Publishing FZ LLC (Property World ME), Hawk Media LLC, Emirates Tenders, are already supporting the show. International Property Week 2006, The Show will feature premium property offerings both from international developers as well as the burgeoning regional market, and will bring focus onto the vast array of residential investments suitable for a wide range of budgets.

Commenting on the International Property Week, David Domoney, Managing Director, THE DOMUS GROUP, said, 'The aim of IPW is to consolidate representatives from world-class developers and financers to provide visitors and clients a lucrative experience in property investment, and focus in on residential property as the linchpin for the show. IPW derives strength from the high quality of its stands and the professionalism of its visitors. In 2005, 50 per cent of the exhibitors closed deals for high denominations, while 21 per cent generated over a 100 promising leads due the serious intent of the 7,445 high quality visitors that attended the show.'

The show focuses on catering to serious investors intent on diversifying their portfolios as well as first time home buyers, or those shopping for a second or third holiday home. The show will showcase a diverse line-up of Dubai, Gulf and international properties under one roof.

Dawood Al-Shezawi, Chairman, Strategic Marketing, added, ' In 2005, over 70 per cent of visitors to the show were chairmen, presidents, partners, managing directors, CEOs or vice presidents of organizations, whereas a substantial percentage of the remainder were consultants or real estate professionals. IPW's motif is to concentrate on the serious investor, and we pride ourselves on our ability to cater to the multifarious needs of those wanting to use the show as a platform to further their interests. Last year, 68 per cent of exhibiting representatives felt that their presence at the show had been beneficial towards advancing their business objectives and that they had met potential investors and generated serious customer prospects.'

Developments in the real estate sector, such as the introduction of the two-tiered federal law expected to be implemented in early 2006 will throw IPW into sharp relief as the first property show held after the law clearly defines buyer rights and transaction procedures.

'With the market making rapid strides towards maturity and procedural transparency, IPW 2006 promises to be extremely interesting. It is estimated that Dubai is expanding 6.2 per cent a year largely due to new construction, and property investments are expected to reach a staggering US$ 50 billion by 2010. The market dynamism in the wake of expected developments such as the new law will reflect in heightened investment and purchases by those who have as yet not entered the property market. This year, we are also considering interesting options such as time sharing for those investors who wish to balance their investment portfolio by holding assets jointly with other individuals in various premium localities globally,' said Domoney.
IPW 2006 is aiming for a 300 per cent growth in exhibitors compared to last year, with 14,000 plus private investors expected to visit the show over three days.