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(MENAFN Press) Russian investors are expected to pump USD 1.5 billion into the Dubai property market in 2008, as studies reveal their eagerness to find more investor-friendly markets outside their country.
With the outpouring of global real estate investments coming from Moscow-based multinational corporations, Strategic Marketing & Exhibitions (SME), organisers of the 'International Property Show' in Dubai, is set to launch the 'International Property Show Moscow 2008', with the aim of attracting major Russian investors into the emirate.
The high profile networking and transactional event will feature prime real estate projects from Dubai and across the globe within its three-day run, from November 10 - 12, 2008 at Hall 1 of Crocus Expo International Exhibition Centre in the Russian capital.
Set to occupy 4,730 sq. metres of in exhibition space, the 'International Property Show Moscow 2008' is expected to welcome over 100 exhibitors and more than 15,000 trade visitors, making it the biggest transactional trade and public property exhibition in Russia.
The event has been designed to attract high net-worth individuals, commercial and residential investors and specialized visitors from the Russian and global property industries.
In addition to a wide selection of high potential investment opportunities, the event will also witness a showcase of a full spectrum of services in commercial, residential and holiday properties, as well as industrial projects.
"The high potential of Russian-based investors to make large-scale investments into the booming Dubai real estate market has prompted us to bring the 'International Property Show' to their market," said Dawood Al Shezawi, Managing Director, Strategic Marketing & Exhibitions.
We are expecting investors, property dealers, real estate agents, property owners, contractors, constructors, portfolio managers and solution providers to take advantage of the outstanding opportunities that abound this inaugural event, as well as the vast expanse of personalised services related to the real estate sector, which will be highlighted by leading regional and global companies." added Al Shezawi.
Russian investors are fast becoming among the biggest segment of investors and buyers in the GCC real estate market. Recognising the attractive prospects in the Dubai real estate market, over 800 Russian investors have bought both commercial and residential properties in the emirate estimated at over AED 700 million in the last few years.
With Dubai and the rest of the UAE's growing repute as a safe place to invest in due to the excellent returns Dubai-based properties have brought to investors, the organisers of the 'International Property Show' series aim to leverage the global market's exceptional outlook towards the country.
"The property market in the UAE is witnessing continuous growth with a mix of local, regional and international investors intensifying current market activities, thereby creating an exceptionally aggressive market that is approaching record prices.
By bringing together a wide array of exciting projects from across the world in a high impact event to be held in a booming real estate market such as Moscow, we are expecting a considerable number of properties to be sold within the event's run.
In addition, we are also looking forward to providing a platform where participants can establish strong personal relationships with worldwide players in the property and investment markets," concluded Al Shezawi.
SME launched the 'International Property Show' in 2005 as an annual event originally held in Dubai, to bring together international and regional exhibitors, property developers, financiers, real estate agents and consultants, designers and others involved in the local, regional and global real estate industry.
Last year's edition of the Dubai show has recorded a huge success, with multi billion-dirham worth of deals closed and more than 18,764 visitors from 70 countries attending the event.
In addition to this high profile real estate event, SME also specializes in organizing international exhibitions to support the development of various economic sectors and to promote investments in several industries.
The 'International Property Show' aims to offers clients, participants and attendees great opportunities to access existing potential as well as emerging markets, gather complete information about markets' current state and tendencies, get commercial profit, find new partners and conclude business transactions.
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