Dubai’s real estate brokers and developers made Dhs1.8bn in commission in 2013, as a new consumer property show launched in the emirate underlines massive opportunities for a fully revived and buoyant property market.
According to the Dubai Land Department (DLD), real estate transactions in 2013 were valued at Dhs236bn, an increase of Dhs82bn from 2012 when sales were Dhs154bn.
The revival of the real estate market, both in Dubai and across the GCC, reflects the mood of the team behind the inaugural edition of Next Move live, which takes place from 20 to 22 February at Madinat Arena, Madinat Jumeirah.
Brought to Dubai by the organisers of Cityscape, the three day show is taking place as attitudes amongst investors shift following the successful bid of Expo 2020. Next Move live brings together leading property developers, agents and banks, offering visitors a showcase of thousands of local and international properties to choose from.
Among the exhibitors officially supporting show include Platinum Sponsors Aldar Properties and Flash Properties, Gold Sponsor Orient Desert Real Estate, Silver Sponsor Pacific Ventures, and the Commercial Bank of Dubai as Official Banking Sponsor.
“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. “This is an exciting time for the property sector in Dubai and we expect to see a variety of visitors at the show, from first time buyers to seasoned investors.
“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.”
Flash Properties, one of the UAE’s leading real estate brokers, will be at Next Move live to underline its newly launched five year plan for international expansion and unveil a range of new projects across Dubai.
Mohannad Bin Huthail, Board Representative at Flash Properties, said: “As we look to grow as a company into 2014, we know now is the time to attract overseas investment and diverse international expansion.
“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 home-buyers, as well as offering a great networking opportunity. We will unveil projects in the most sought areas of Dubai, and we will provide clients with the current inventory from the secondary market.”
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