125 local and international exhibitors participated and explored promising investment opportunities
The 20th edition of the International Property Show (IPS) 2024 kicked off at the Dubai World Trade Centre on Tuesday, February 27, which was known as the leading platform for showcasing local and international real estate projects in the Middle East. The event aimed to highlight the latest trends and innovations in the global real estate industry, showcasing commercial and residential real estate projects to a worldwide audience of investors, homebuyers, professionals, and real estate industry leaders.
Shaneer N Siddiqui The 20th edition of the International Property Show (IPS) 2024 kicked off at the Dubai World Trade Centre on Tuesday, February 27, which was known as the leading platform for showcasing local and international real estate projects in the Middle East. The event aimed to highlight the latest trends and innovations in the global real estate industry, showcasing commercial and residential real estate projects to a worldwide audience of investors, homebuyers, professionals, and real estate industry leaders. E ngineer Marwan bin Ghalita, Acting Director[1]General of Dubai Land Department, inaugurated the proceedings of the 20th edition of the International Property Show (IPS).
The event, spanning three days until 29th February, featured the participation of 125 local and international exhibitors and served as a platform to exchange experiences, showcase the latest projects, and explore promising investment opportunities within the real estate sector.
Marwan bin Ghalita emphasized the show’s significance within Dubai’s annual events agenda, highlighting its role in showcasing Dubai’s global standing in the international real estate landscape and its appeal as a preferred destination for global investors. He said, “Dubai Land Department was dedicated to offering outstanding opportunities for real estate pioneers, investors, developers, and brokers in alignment with our strategic vision. We aimed to establish a leading real estate model and foster an environment conducive to real estate innovation, supported by unique digital infrastructure. With a great legacy spanning over 20 years, the International Property Show had earned global recognition as a platform for leading real estate exhibitors to showcase insights and the latest trends in the industry.”
Dubai Land Department was dedicated to offering outstanding opportunities for real estate pioneers, investors, developers, and brokers in alignment with our strategic vision. We aimed to establish a leading real estate model and foster an environment conducive to real estate innovation, supported by unique digital infrastructure. With a great legacy spanning over 20 years, the International Property Show had earned global recognition as a platform for leading real estate exhibitors to showcase insights and the latest trends in the industry.
His Excellency Eng.
Marwan bin Ghalita
Acting Director General of
Dubai Land Department
Dawood Al Shezawi, President of IPS 2024, said, “The IPS served as an exceptional platform for showcasing local and international real estate projects in the Middle East. Over the past two decades, it had successfully brought together exhibitors, specialists, and professionals in the real estate field, contributing to the development and growth of the real estate industry in the UAE. This aligned with Dubai’s Urban Plan 2040, aiming to become the world’s best city for living and keeping pace with global efforts to address urgent challenges like climate change and urban expansion.”
The event saw the active participation of prominent local and international real estate developers, including notable representation from GCC nations. Among the participants were The Sustainable City; Yiti from Oman, the exhibition’s strategic partner; Emirates Real Estate Solutions (ERES), Al Rasikhoon Real Estate, the Real Estate Regulatory Authority, and the Ministry of Municipal and Rural Affairs from Saudi Arabia.
Accompanied by several attendees, Marwan bin Ghalita toured the exhibition grounds, exploring the booths of various institutions, organizations, and companies. They reviewed the services, projects, and prominent investment opportunities showcased, thereby contributing to the continuous growth and development of the real estate sector and its role in advancing global economic development.
IPS 2024, which ran until February 29, attracted more than 100 real estate exhibitors from over 45 countries around the world, along with the UAE, including the United States, Greece, Spain, Albania, Pakistan, the Philippines, Thailand, Turkey, Georgia, France, Cyprus, Northern Cyprus, and Mauritius, in addition to the Gulf Cooperation Council countries, enhancing avenues for joint work, international cooperation, and opening up new horizons for attendance.
The event was supported by Strategic Partners, including The Sustainable City – Yiti, the Innovation Experts Real Estate Institute (IEREI), DigitME, and the Property Network Partnership (PNP), as well as Emirates NBD, the official banking partner of the exhibition, in addition to media partners CNBC Arabia and Construction Week magazine.
The exhibition witnessed a package of qualitative programs and events, and on its sidelines, a signing ceremony of memorandums of understanding was held with several local and international bodies for the purposes of enhancing joint cooperation efforts, exchanging experiences, and holding joint meetings, to improve the reality of the real estate sector.
The IPS served as an exceptional platform for showcasing local and international real estate projects in the Middle East. Over the past two decades, it had successfully brought together exhibitors, specialists, and professionals in the real estate field, contributing to the development and growth of the real estate industry in the UAE. This aligned with Dubai’s Urban Plan 2040, aiming to become the world’s best city for living and keeping pace with global efforts to address urgent challenges like climate change and urban expansion.
Dawood Al Shezawi
President of IPS 2024
One of the exhibitors at IPS 2024, Magnum Estate stood as a pioneering real estate developer in Indonesia, reshaping luxury living in Bali through visionary projects and unparalleled services. Their latest flagship endeavor, Magnum Residence Berawa, boasted the world’s largest rooftop pool, showcasing their dedication to pushing boundaries. With over 150 luxurious apartments and cutting-edge amenities, Magnum Residence Berawa transcended traditional residential complexes, offering a lifestyle destination. As Bali experienced a real estate surge, Magnum Estate’s strategic approach harmonized with market demands. With aspirations to redefine luxury living across Asia, Magnum Estate proudly presented its newest project at IPS 2024 in Dubai.
The two-day event program included the IPS Conference, which was one of the main activities accompanying the exhibition and brought together elite real estate experts, senior officials, and representatives from government agencies and international institutions, to exchange knowledge, experiences, and visions and learn about the latest trends, innovative technologies, and investment opportunities in the global real estate sector, in addition to the possibility of presenting ideas and exchanging them with various segments of the real estate community.
The two-day event program included the IPS Conference, which was one of the main activities accompanying the exhibition and brought together elite real estate experts, senior officials, and representatives from government agencies and international institutions, to exchange knowledge, experiences, and visions and learn about the latest trends, innovative technologies, and investment opportunities in the global real estate sector, in addition to the possibility of presenting ideas and exchanging them with various segments of the real estate community.
The second day witnessed the IPS Startup Pitch Competition for emerging real estate companies in the field of “PropTech”, which presented the latest projects in the field of using information technology to develop and manage real estate, helping individuals and companies search for, buy and sell real estate, and how to employ innovative technical systems that allow technology to control all aspects of real estate.
The Young Professionals Network (YPN), in partnership with IPS 2024, organized a global summit for young real estate professionals (YPN Congress) on the third day, aiming to bring together young professionals from around the world to exchange ideas, insights, innovative solutions, and provide a competitive environment to address current and future challenges affecting business flows.
The YPN Congress worked to empower young professionals in the real estate field through five main events: the YPN Challenge, YPN Projects, YPN Ideas, YPN Networking, and YPN YouTube.
DLD honours owner of real estate investment transaction number ‘1,000,001’
Dubai Land Department (DLD) concluded its participation in the International Property Show – IPS 2024, which spanned three days with the involvement of 125 local and international exhibitors. The event provided a platform for exchanging expertise and showcasing the latest projects and most promising investment opportunities the real estate sector offered.
During the event, His Excellency Engineer Marwan bin Ghalita, Acting Director-General of Dubai Land Department, recognized Nakheel Community Management (NCM) for attaining the esteemed ‘Platinum’ rating in the classification system for jointly owned properties management companies by the Real Estate Regulatory Agency (RERA). This acknowledgment celebrated their extensive experience in jointly-owned property management and their dedication to upholding the highest international standards in management. Their efforts had significantly improved service quality and fostered a professional real estate environment.”
Mr. Mohammed Khalifa bin Hammad, Senior Director of the Jointly Owned Properties Management Department of RERA, extended his appreciation to Nakheel and Dubai Community Management (DCM) for their outstanding efforts and recognition as 2023’s Best Community Management Company at the Global Real Estate Congress.
n the presence of Majid Al Marri, CEO of the Real Estate Registration Sector, Mohamed Albidwawi, CEO of the Corporate Support Sector, and Ali Abdullah Al Ali, Director of the Real Estate Control Department at RERA, and Saif Al Suwaidi, Director of Real Estate Licensing and Enablement Department, an investor with transaction number (1,000,001) was honored, along with a group of real estate brokers, investors, and developers. The categories for recognition included.
- The highest-ranked national brokers in terms of sales values in 2023 included Muhammad Al-Mas Harib Hareb Al-Falahi and Ali Abdullah Ahmed Al-Haj Al-Zarouni.
- The highest-ranked non[1]citizen brokers in terms of sales values from 2019 to 2023 included Muhammad Fawaz Sous, Muhannad Naji Al-Wadiya, and Artur Akhmedov.
Abdul Wahed Ahmed Rashid bin Shabib and Khaled Abdul Rahim Ahmed Al-Attar were honored as the highest-ranked national investors by value in 2023. Mirwais Abdulaziz was recognized as the highest-ranking non-citizen investor by value in 2023.
Meanwhile, Aisha Ali Mirza Abdul Rahman, Elena Anatoly Andreeva, Sepideh Iraj Ali Azharian, Aisha Yousef Saleh Salem Hassan Al Hammadi, and Maryam Hassan Salem bin Aoun Al-Alili were celebrated as the top 5 female national brokers during 2023.
In the top 5 female non[1]citizen brokers in 2023, the following were honored: Elena Adamko, Nimra Rao Muhammad Emil Asif, Elvira Sharchenalieva, and Evgenia Vinokurova.
Dubai Land Department had consistently endeavored to cultivate a pioneering real estate environment, empowering the real estate community across all sectors with proactive and seamless services. This commitment aligned with the visionary guidance of our esteemed leadership, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of the UAE and Ruler of Dubai. These efforts had played a pivotal role in enhancing the experiences of brokers and investors, furthering their ambitious journey toward achieving excellence and success.
IPS showcased various panel discussions, workshops, and presentations, including a dialogue session titled ‘Addressing the Affordability of Housing Costs and Navigating the Impact of Rising Interest Rates: Challenges Confronting Real Estate Companies.’ Furthermore, an engaging “PropTech” competition was organized for emerging real estate firms, spotlighting cutting-edge projects in leveraging information technology for property development and management. This initiative aimed to streamline the property search, purchase, and sale process, illustrating how innovative technological systems empowered comprehensive control over all facets of real estate.