Consumer property show banks on resurgent market

The revival of the real estate market across the GCC reflects the mood of the inaugural edition of Next Move Live, a consumer-led property event that will take place on February 20-22 at the Madinat Jumeirah.

Brought to Dubai by the organisers of Cityscape, the three-day show is taking place as attitudes among investors shift following Dubai's successful bid to host the World Expo 2020.

Real estate transactions in Dubai were valued at Dh236 billion last year, an increase of Dh82 billion from 2012, while Dubai's real estate brokers received Dh1.8 billion in commissions, according to figures released by the Dubai Land Department (DLD), reflecting strong market gains.

Stepping stone
The property show will bring together leading property developers, agents and banks, and will showcase thousands of local and international property.

"Next Move Live provides the perfect stepping stone for consumers to get their foot on the ladder of the property market,'' said Wouter Molman, Director of Cityscape Group. "We'll be offering all the information that both buyers and renters need in order to make the right choice about their next property venture.

"From our experience of running the Cityscape events in Abu Dhabi, Cairo, Doha, Dubai, Jeddah and Riyadh, we know there is definitely a demand for a show that is specific to consumers. Residents and property developers alike have been calling out for this kind of meeting point.''

Several real estate firms have confirmed participation at the show. Flash Properties, a UAE-based real estate broker, will be presenting its newly launched five-year plan for international expansion and will unveil new projects across Dubai.

Mohannad Bin Huthail, Board Representative at Flash Properties, said: “A s we look to grow as a company this year, we know now is the time to attract overseas investment. We hope to launch a more aggressive campaign to promote Dubai properties, as we expand operations across other continents, in the hope of encouraging overseas investors into the UAE real estate market.

“Considering the recent surge in the property sector, we believe that Next Move Live will be a great platform for our business, as it will allow us to have face-to-face communication with investors and homebuyers, as well as offering a great networking opportunity."



Source: Property WeeklyPW


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