International Property Show opens with over 1,600 investors
Majida Ali Rashid during the inauguration ceremony in Dubai on Thursday.
The landmark event, which will run from March 24 to March 26, 2022, was inaugurated by Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector, Dubai Land Department (DLD). Also, present at the inauguration was Ahmed Zaki Abdeen, President, Administrative Capital for Urban Development Company in Egypt. The three-day show is hosting more than 1600 global investors with expectations of infusing multi-billion influx of investment undertakings across Dubai’s rapidly thriving real estate scene.
The show also marks the beginning of a new chapter for the real estate sector when the world is witnessing a qualitative shift towards flexibility, innovation and digital transformation. This event will constitute an effective platform to stimulate the growth of Dubai’s real estate sector at the local and global levels, especially at a time when most real estate services have become digital, accessible through the Dubai REST app.
Industry experts present at the opening of the show have shared that the large number of participants for this year reflects the vibrancy and strength of the country’s property segment. They have further pointed out that even as Dubai Expo 2020 is coming to a close, the presence of a well established supply of property build projects and the key support rendered by the government guarantees a continued upward trajectory for this segment’s post Expo phase.
Among the high level attendees present during the opening day of the show include Teresa King Kinney, President, Miami Realtors Association; Daniel Vasquez, President, CILA; Francisco R. Cheng Leon, President, ACOBIR; Andrea Almeida, President, CFBACC; Tim Hur, President, AREAA Global and Jolio Teodoro Da Silva, President, COFESI.
The first day of the show included a keynote messages from Ahmed Zaki Abdeen, President, Administrative Capital for Urban Development Company and Leslie Roda Smith, President, National Association of Realtors (NAR). One of the highlights of the opening ceremony was the signing of a landmark Memorandum of Understanding (MoU) between the DLD and NAR. This was followed by presentations coming from the participating US real estate groups, which includes the Miami Association of Realtors, the Florida Realtors Group and the Orlando Regional Realtor Association. The afternoon session was highlighted by a specialized workshop on sales process and agreements.
“We are very excited to be participating at IPS 2022, which will give us the unique opportunity of being able to meet new buyers and selling Portugal as a real estate haven. We will also be throwing the spotlight on our golden visa initiative, which will give prospective investors the ability to obtain Portuguese citizenship and a second passport as well. Being here at IPS reflects our commitment to further maximize the sales profits of real estate developers, agencies, and investors who don’t have in-house sales teams−presenting them with key strategies aimed at optimizing their ROI,” said Joao Vasco Frade, Managing Director, So-Consulting.
“Taking part at IPS this year proves to be both a strategic and timely opportunity for us to promote and talk about the latest products that we have recently launched. In fact, this will give us the privilege of showcasing our flagship Transformed Mixed Reality (TXR) products. We are confident that we will eventually get to launch our first live product here in Dubai,” said Hazem Fayyad of TransformologyXR.
“IPS 2022 will allow us to collaborate with other globally-minded professionals and investors from different parts of the world and to explore investment opportunities. During the show, we will be featuring our 3D Virtual Ecommerce Stores, Galleries, Tours and Websites; Immersive Content, NFT’s−proving that Real Broker LLC is a fully enabled tech-based real estate provider,” said Ted Finkleman from Real Broker LLC.
DLD is shedding light on its most important innovative services and initiatives, specifically the Dubai REST app, which is the smart platform for real estate services. Through it, all real estate services are performed directly by real estate owners, tenants, brokers, developers, valuators, investors and all groups benefiting from the real estate market. The app offers over 100 real estate services, covering everything related to the real estate sector and improving the experience of customers and investors alike.
Adding colour to the exciting three-day event, IPS has partnered with Invest in Dubai Real Estate to run a special 10-day programme for the world’s top realtors and real estate professionals to meet officials and government officials. In fact, world-leading companies coming from some of the world’s premier investor countries are participating in the programme, which runs simultaneously with IPS from March 23 to March 31, 2022.
