Dubai World Trade Center for the 20th edition of the International Property Show Dubai

Under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, Emir of Dubai, the UAE Ministry of Foreign Trade and the UAE Ministry of Foreign Investment, real estate companies from around the world will gather at the Dubai World Trade Center for the 20th edition of the International Property Show Dubai to showcase the latest developments and new projects. The event will focus on how the real estate market is adapting to changes in technology and sustainability. During the 3-day event, thousands of investors and industry veterans will come together to discuss the future of real estate and opportunities for cooperation.

At the International Property Show Dubai, 80% of the 500 m² of space allocated for Turkey has been reserved.

Among the international companies participating in the organization are those from the UK, USA, Indonesia, Jordan, Germany, Egypt, France, India, China, Spain, Indonesia, Pakistan and Turkey. With the positive impact of rising oil prices, the Dubai real estate market continues to attract investors. In the third quarter of the year, the Dubai real estate market posted its best performance in 12 years, with real estate sales reaching nearly €19 billion. This performance is reflected in the interest in sales on plan at the International Property Show Dubai. In addition to oil prices, the government's visionary policies, new visa rules and population growth are driving demand for finished and off-plan properties. The increase in the number of people with high net worth in the first six months of the year also shows that Dubai is becoming a source of investors.

Leading players such as Sobha Realty, which focuses on developing urban residences, will unveil their latest projects. The group's Heartland 2 and Sobha 1 projects are valued at €6.3 billion and the company aims to complete them within 5 to 8 years. Francis Alfred, Chief Executive of Sobha Realty, said, "Heartland consists of 7,000 homes and 100 luxury villas on 740 acres, 50 percent of the land will remain as open space. Sobha 1 will consist of 2,600 homes on approximately 140 acres." Alfred also emphasized that changes implemented in the last two years, such as the golden visa, investment-friendly opportunities that allow foreigners to establish their own companies, and the shift of the weekend from Friday to Sunday, have positively affected the real estate sector.