UAE realty majors eye Indian market

UAE realty majors eye Indian market
Leading UAE real estate firms have joined the exhibitors' list of Asian Real Estate Show (ARES 2007) to market their properties and target investments in India in integrated townships, hotels, malls, healthcare, housing and IT parks.
United Arab Emirates: Thursday, April 12 - 2007 at 10:51 PRESS RELEASE

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ARES 2007, the premier event for the, real estate industry, will be held at the Pragati Maidan Hall 11, New Delhi, India spanning 13th April to 15th, where 8 UAE-based property developers will participate to showcase and market their properties and services.

A booming economy and the huge middle-class segment in India offer a lucrative destination for investors and several leading UAE real estate companies such as Al Fajer Properties, Damac, Star Giga, Sherwood, Best Homes among others have announced their participation in the show and their major plans in the country. They are investing in hotels, malls, healthcare, housing, IT parks and integrated townships all over the country from Mumbai, Delhi, Chennai to Hyderabad.


'The show serves as a launch pad for many companies who wish to strengthen their position in the Indian sub continent. Exhibitions such as ARES add value to the booming real estate sector and this will be a tremendous show, focusing not only on important India and sub continent based projects, but also bringing several international projects to investors in the region. India has set the pace for massive growth in the real estate sector, with other countries in the region mirroring the scale of development. The property sector is one of the biggest drivers for growth in India and the rest of the region, with projects worth an estimated US$ 75 billion in the country alone in the coming 5 years,'



said Satish Khanna, General Manager of Al Fajer Information & Services, the organisers.

Countries at the show include the UAE, Malaysia, Singapore, Spain, USA and India.

'India is the most attractive and growing economy with a very strong link and history of cross border trade as witnessed in the recent high delegation visit lead by UAE Prime minister and Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum. We are looking for investment opportunities and further strengthening our existing relations with our partners in the sub continent,' Dr. Sharam, General Manager Al Fajer Properties, the biggest exhibitor from UAE.

"Al Fajer Properties investment opportunities come with a pre approved finance from Abu Dhabi commercial bank making it the more attractive investment in Dubai,'
He added.

ARES will bring together all players of the real estate industry and provides an unmatched opportunity for them to widen their reach, display their potential and explore business and investment prospects. It poses as a distinctive ground, which will facilitate a unique opening to meet present and future client, industry leaders and professionals, all under one roof. The show will highlight various aspects of sustainable urban development, financing, architecture, environment branding, marketing and finance via various seminars and workshops.

Organisers of the show, which occupies over 3000 sq metres gross at Pragati Maidan, expects over 10000 visitors. The organisers are running a US$ 350,000.00 advertising campaign and have sent out over 70000 invitations to high networth Indians. A website highlighting the show, www.asianrealeastateshow.com, acts as a focal point for all queries related to Indian property and has proved to be a success since its launch.