The countdown has begun for the 20th edition of the International Property Show (IPS) in 2024, held during February 27 to 29 at the Dubai World Trade Centre, and the city’s real estate market is set to command attention with the support of the Dubai Land Department (DLD).
Dubai stands firm as a premier hub for real estate investments, with IPS 2024 striving to reinforce the sector’s pivotal role in the UAE economy. The city’s allure is further supported by the projected expansion of the UAE economy and the completion of the Dubai Economic Agenda D33 goals.
His Excellency Sultan Butti bin Mejren, Director General of Dubai Land Department, noted, “In recent years, we have witnessed remarkable successes in terms of attracting real estate investments, as well as substantial growth in transaction numbers and volumes. None of this would have been achievable without the visionary leadership, supervision, and support of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, whose commitment to the real estate sector has solidified the emirate’s position as a global destination, rivalling the world’s largest cities. Dubai has consistently been at the forefront of adopting cutting-edge technologies and leveraging them to cater to the real estate sector. This strategic approach has paved the way for the delivery of proactive services aimed at promoting leadership and ensuring the efficient governance of the sector. At Dubai Land Department (DLD), in close collaboration with our valued partners, we are resolute in our dedication to uphold this approach, thereby charting a course for continued success and sustainability in Dubai’s dynamic real estate market.”
Dawood Al Shezawi, President of IPS, emphasised the organisation’s commitment to providing an optimal platform for engaging with the real estate community. Al Shezawi stated, “Our aim is to strengthen their trust in the real estate sector in Dubai, aligning with the government’s objectives to establish an environment that is not only investor-friendly but also aligns with its vision of becoming a global hub for real estate investment.”
Dubai’s real estate market continues to make waves globally, with latest data revealing a 5.6% surge in residential property prices during Q1 of 2023. This upward trend has propelled property values to an impressive 20% increase compared to Q1 of 2020.
IPS 2024, organised in collaboration with the Dubai Land Department, offers a range of events throughout the year, including the IPS Exhibition, Conference, Oscars, Future Cities, Connect, Finance, Women, Youth, Studio, PropTech, and Design. With participants from over 140 countries, the event provides a unique opportunity to explore Dubai’s real estate sector and global investment prospects.
Original article reference: Big News Network.