Billion dollar transactions dominate Dubai real estate expo

Billion dollar transactions dominate Dubai real estate expo
22-Apr-2007


International Property Show 2007, Dubai

International Property Show 2007, the biggest transactional real estate expo in the Middle East which concluded on April 5 in Dubai attracted billions of dollars in sales over a 3-day run, according to Strategic Marketing & Exhibitions, organizers of the event. This year’s exhibition, which witnessed increased participation from leading international real estate and property developers, ended with a resounding success with record sales and 70 per cent of exhibitors confirming for bigger participation in next year’s edition scheduled for February 17 to 19, 2008.

Commenting on the excellent results, Gabriel Bedoya, Vice President, The Corcoran Group, USA, one of the key participants of the expo in Dubai, said, “The International Property Show has cemented its position as the largest transactional property exhibition in the region, as evident in the high sales of properties that took place during the event including our record three day result of $130 million in particular. The show proved to be a perfect venue to launch and highlight our iconic projects, as it attracted the right investors looking to maximize their returns.”

International players, who featured prominently in the expo, accounted for combined sales of $170 million due to the increased regional interest for the large-scale projects and real estate assets on offer. Local and regional developers had registered impressive earnings and high profiled participation according to companies’ representatives. The exhibition also served as a venue for highlighting real estate-related services such as the financing scheme jointly launched by Sorouh Real Estate and Amlak Finance, which offers up to 97 per cent financing for residents of Sky Tower located in Abu Dhabi.