Dubai's International Property Show
One ought to look at Dubai's fast growing skyline, to have a measure of its economic development. The number of new construction plans being announced on a regular basis, from the city's developers, is amazing. A number of Dubai hotels and retail chains could be enlisted in these developments. Those dealing in Dubai apartments are also observed playing active roles. Regardless of the supply of residential properties looking healthier than ever before, only 175,000 new apartments may be built by the year 2010, as against the demand for roughly 181,000 units. Roughly about 75% of all new developments in Dubai are expected to fall under the property segment, totaling around $230 billion over the next 10 years.
Dubai has began organizing an International Property Show in the recent times to help grow its own real estate effortlessly. The latest edition of this show was held from April 3rd to 4th this year. Exhibitors from several European countries such as Germany, France, UK and Spain made their presence felt. Several other players from India, China, Malaysia, Bahrain and Turkey also took part in the same event alongside. The three day long annual show is regarded by numerous as the most sought after in the Middle East. A 35% increase in the level of participation was documented this year. The next year's property event is slated to be held in February 2008.
This yearly show features many advanced projects from around the world involving leisure, residential and commercial properties. Deals outlining newer Dubai hotels and Dubai apartments are often sealed during the three-day annual event. Dubai's hotel business is already under pressure while trying to pace along its own tourism field. Developers would surely like to discover possibilities for making newer world-class hotels in the years to follow.
The main purpose behind this show would be to bring together city planners, property developers, financiers, real estate agents, consultants and designers under one roof. This year's show was held throughout the International Property Week, therefore permitting the visitors and participants to get involved in a series of industry-specific workshops, conferences and seminars. New property laws were recently announced in the UAE allowing a major increase in the area of real estate. A fundamental platform for bringing together all property developers was quickly sought in this scenario. The International Property Show of Dubai has fulfilled the same emerging demand.
International companies succeeded in making a combined sale of $170 million in this year's show. A leading American real estate firm, named The Corcoran Group, alone made deals worth about $130 million. Its ocean liner named 'The Orphalese', launched during the three day event, generated numerous business questions. Notwithstanding the significance Dubai hotels and Dubai apartments might carry in this part of the world, suggestions like 'The Orphalese' do also have an excellent future ahead. The liner is the largest to be built ever in its own class, approximately twice in size when compared to closest model. It provides 200 permanent and 265 temporary units for stay. It also carries state-of-the-art business, leisure, medical and other essential amenities on board.
Dubai has began organizing an International Property Show in the recent times to help grow its own real estate effortlessly. The latest edition of this show was held from April 3rd to 4th this year. Exhibitors from several European countries such as Germany, France, UK and Spain made their presence felt. Several other players from India, China, Malaysia, Bahrain and Turkey also took part in the same event alongside. The three day long annual show is regarded by numerous as the most sought after in the Middle East. A 35% increase in the level of participation was documented this year. The next year's property event is slated to be held in February 2008.
This yearly show features many advanced projects from around the world involving leisure, residential and commercial properties. Deals outlining newer Dubai hotels and Dubai apartments are often sealed during the three-day annual event. Dubai's hotel business is already under pressure while trying to pace along its own tourism field. Developers would surely like to discover possibilities for making newer world-class hotels in the years to follow.
The main purpose behind this show would be to bring together city planners, property developers, financiers, real estate agents, consultants and designers under one roof. This year's show was held throughout the International Property Week, therefore permitting the visitors and participants to get involved in a series of industry-specific workshops, conferences and seminars. New property laws were recently announced in the UAE allowing a major increase in the area of real estate. A fundamental platform for bringing together all property developers was quickly sought in this scenario. The International Property Show of Dubai has fulfilled the same emerging demand.
International companies succeeded in making a combined sale of $170 million in this year's show. A leading American real estate firm, named The Corcoran Group, alone made deals worth about $130 million. Its ocean liner named 'The Orphalese', launched during the three day event, generated numerous business questions. Notwithstanding the significance Dubai hotels and Dubai apartments might carry in this part of the world, suggestions like 'The Orphalese' do also have an excellent future ahead. The liner is the largest to be built ever in its own class, approximately twice in size when compared to closest model. It provides 200 permanent and 265 temporary units for stay. It also carries state-of-the-art business, leisure, medical and other essential amenities on board.
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