End users and rentals key feature at Property Shopper

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Around 40 estate agents and brokers showcased residential and commercial properties at the second Property Shopper exhibition last week.

The companies focused on rentals across residential and commercial properties in the emerging end-user market.

"Looking at the global financial situation, there are many concerns regarding UAE property. Speaking to brokers, we have noticed a shift in the market; now that more and more properties are being completed, property owners are looking to rent their properties to manage mortgage repayments. Hence the Property Shopper with 40 leading agents and brokers showing together at the same venue comes at an ideal time to help people looking to rent, or end-users and investors looking at completed and ready to-move-in properties." explained Pooja Rajani, event director of Property Shopper.

Brokers including Sherwoods, Cobalt, Hunt and Harris, LLJ Properties, Great Properties, Engel and Volkers and Aqua Properties all featured a cross-section of residential and commercial property ranging from apartments and studios to villas and town-houses.

Vincent Easton, sales director at Sherwoods Property Consultants said:

"Contrary to popular belief not all property prices are falling in Dubai. We see a very clear end-user market emerging both in terms of rental, investors for buy- to-let and owner occupiers in projects that are complete or close to handover. These include areas such as JBR, Dubai Marina and Discovery Gardens. The fundamentals and dynamics of both living and working in Dubai are still strong meaning the medium to long-term outlook for real estate investment remain sound."

Launched in May 2008, the first exhibition attracted over 35 exhibitors and 5,500 investors over a two and half day period.

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