London to host first Dubai Property Show amid rising demand

Event to be held at London Olympia as Dubai is named third most preferred investment destination by Brits
By Staff writer
Fri 20 Feb 2015 02:11 AM

The first annual Dubai Property Show is to take place at London Olympia from February 27 to March 1, organisers have announced.

The free event will host over 120 exhibitors, offering private islands, beach resorts and luxury villas, as well as a selection of posh budget options, to suit every investor’s needs, according to Sumansa Exhibitions.

Organisers said the show aims to build on the fact that Dubai is now the third most preferred destination to invest in for Brits, and will offer prospective buyers direct access to every part of the region's real estate industry, from consultants and brokers to developers and marketing agents.

According to the Dubai Land Department, British investors were second only to Indians for foreign real estate investments, with 2,258 transactions worth AED5.811 billion in the first half of 2014.

Sunil Jaiswal, president Sumansa Exhibitions said: “We’re very proud to present the innovative and highly exclusive concept of Dubai Property Show. Under the wise leadership of HH Sheikh Mohammed, Dubai has already attracted global attention and created an extensive investment opportunity for the world, much of which revolves around the hospitality and real estate industry.

"Now, the Dubai Property Show intends to ride on this wave, creating awareness about the real estate opportunities in Dubai and highlighting the benefits of investing in a property.”

He added: “Dubai’s real estate is one of the best markets in the world and surely the number one in Middle East region, Dubai has achieved great reputation world wide as favourite tourist and business destination. On the other hand British property investors are savvy, they understand the potential here and also value no tax policy on rental and capital gains, plus no restriction on repatriation of funds just makes Dubai Real Estate market not only fruitful but easy and transparent.”

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.