Mideast remains hotspot for realty investments

JEDDAH – On the whole, the Middle East remains a property hotspot for global investors, with the UAE, Saudi Arabia and Qatar providing choice real estate investment opportunities.

According to research firm Ventures Middle East, the current value of infrastructure projects in the GCC is estimated at $408.8 billion, driven by strong growth the UAE still holds the lion’s share of infrastructure projects, accounting for $187.2 billion.

Strategic Marketing and Exhibitions, organizer of the 9th edition of the International Property Show 2013, supported by the Dubai Land Department and Real Estate Regulatory Authority, said interest on Middle East property projects have remained strong, despite challenging issues in several markets.

“The UAE, Saudi Arabia and Qatar markets are moving ahead with key planed projects, while sales and rentals for existing property have both gone up in value and prices in 2012,” said Ghaleb Al Khawaga, project Manager, International Property Show.

Already, exhibitors and investors from Turkey, Malaysia, Cyprus, USA, Poland, Russia, Egypt, Morocco, Saudi Arabia, Kuwait, Pakistan, India and China have confirmed their attendance at IPS 2013, which will be held on April 30-May 2, 2013 at the Dubai International Convention and Exhibition Centre.

The event is being held in conjunction with the Annual Investment Meeting 2013, providing attendees bigger networking opportunities with investors from all over the world.

At the IPS, visitors will be apprised of the current real estate market in Middle East as well as in key frontier and emerging markets. – SG