International Property Week opens today with large exhibitor base

The Show is organized as part of the International Property Week by Strategic Marketing and Exhibitions in co-operation with The Domus Group, and will run till Thursday, the 23rd of February 2006.

The Show has attracted a comprehensive selection of world-class developers, ancillary services and finance providers and serious investors. Nakheel, Deyaar Development, Dubai Properties, Al Tamir, Al Attar, ETA Star, IFA H&R, Oman's PRD NationWide and Bahrain's Riffa View are part of the lineup of exhibitors looking to showcase selected real estate projects at the Show.

On its second day (Wednesday, 22nd February 2006), the Show is hosting a live auction in co-operation with the Dubai Land Department, in line with its motive of streamlining real estate transactions.

Dawood Shezawi, Managing Director, Strategic Marketing, said, "The purpose of the auction is to facilitate the purchase of attractive properties carefully chosen by the Dubai Land Department. The auction is meant to signify that the International Property Show is not about mere exhibition, but active investment."

"We are looking for serious participants who will have to submit a deposit to signify intent to purchase. To create the right atmosphere, buyers must be prepared to buy. We have aimed to address all auction-related buyer and seller queries prior to the event, which will be covered live by media partner Al Aqqaria TV. In the interest of expediency, there will be no contingency clauses on auction day and successful bidders will immediately enter a pre-approved contract after paying a percentage surety of the property price."

International Property show's main objective is to bring together international and regional exhibitors, property developers, financiers, real estate agents and consultants, designers and others involved in the real estate industry in the UAE, the Arab world and other high-growth real estate markets of the world. The exhibition will be held during the International Property Week, coinciding with several industry-related workshops, a property conference, site visits and development launches.

"We are very pleased with the level of international and local support the Show has garnered. Our focused selection of world-class exhibitors is setting us apart from other trade shows, and we are expecting a hugely successful show," Shezawi concluded.