Dubai real estate grith is the outcome of a smart city vision, technological advancements with government initiatives, and a business-friendly environment.
Trade Fair Times-Arabia’s Consulting Editor, Shaneer N Siddiqui had an introspective interview with Dawood Al Shezawi, IPS President on the upcoming IPS 2024, from 27th Feb-29th Feb, 2024.
International Property Show (IPS) 2024, a three-day event is the perfect platform to buy and sell local and international properties. The largest such property sales platform in the Middle East, it gives attendees superb access to market-leading offers from developers, both regional and international – especially across the popular series of country pavilions. One headline feature is the Mega Property Show which showcases the biggest bargain offers from UAE developers.
IPS also acts as a total one[1]stop shop, with banks and other financial institutions, legal service providers, real estate agents and property auction houses all on hand as well, providing buyers with the complete package they need to seal a deal.
As well as this bustling marketplace, the event also offers workshops, training sessions and B2B meetings across its high-level conference component. Here, real estate experts, government officials and top representatives from regulatory bodies discuss topics including local, regional and global market trends, regulatory issues, and the latest on cross[1]border real estate transactions.
Shaneer N Siddiqui: The global real estate market is constantly evolving with various factors shaping its trajectory. What are the current trends and challenges that are influencing the ongoing transformation?
Dawood Al Shezawi: The current global real estate market is characterized by a fascinating mix of trends and challenges. Sustainability, green initiatives, and smart technology are central to the ongoing real estate revolution, influencing everything from design to construction. The emergence of Artificial Intelligence (AI) and Proptech is poised to be a powerful force shaping the industry’s future. Despite challenges such as rising interest rates and geopolitical uncertainties, collaborative efforts and innovative solutions are essential.
International Property Show (IPS) 2024’s dedicated focus on PropTech in its Conference underscores the significance of this futuristic aspect. Amidst challenges, there is substantial growth potential in emerging markets, niche sectors like co[1]living, and increased demand for flexible workspaces, with IPS 2024 catalyzing solution-based discussions.
Shaneer N Siddiqui: The Dubai real estate market is poised for future growth and presents several opportunities. What developments and opportunities can be anticipated in the Dubai real estate market as we look ahead to 2024?
Dawood Al Shezawi: Anticipating 2024, the Dubai real estate market is poised for excitement, fueled by the Expo 2020 legacy propelling growth and attracting foreign investment. The smart city vision, driven by technological advancements, is drawing in tech giants and startups. With government initiatives fostering a business-friendly environment, Dubai remains a prime destination for regional and international investors seeking secure and lucrative opportunities in real estate.
Expectations include sustained demand for luxury properties, waterfront developments, and well-connected business hubs. The IPS Exhibition and Conference at the Dubai World Trade Centre will showcase diverse local, regional, and international projects, providing a platform for discussion on the biggest challenges and opportunities in the local and global real estate landscape.
Shaneer N Siddiqui: The global real estate market is showing signs of distress. Why is IPS important for real estate businesses operating in the global market?
Dawood Al Shezawi: IPS is crucial for businesses in the global market as it serves as a game[1]changer. The event opens doors to untapped markets, diverse investment opportunities, and strategic partnerships. Businesses can connect with potential investors, expand their brand reach, and gain unique insights into different markets across regions and continents.
IPS is the bridge between local expertise and global ambition, providing a platform for networking with global exhibitors, investors, agents, brokers, government administrations, prop-tech companies, immigration firms, and real estate professionals, fostering increased activity, growth, and development in the overall real estate market.
Shaneer N Siddiqui: Can you share an overview of what the International Property Show represents in the real estate industry?
Dawood Al Shezawi: IPS 2024 stands as more than just an exhibition; it acts as a global crossroads for the real estate industry. This event brings together developers, investors, and key players worldwide, facilitating deals, sparking trends, and propelling the market forward. IPS serves as a platform for showcasing groundbreaking projects, securing prime investments, and forging invaluable connections, all consolidated under one roof.
With 11 main activities, including the IPS Exhibition, Conference, Oscars, Future Cities, Connect, Finance, Women, Youth, Studio, PropTech, and Design, the event offers a comprehensive and immersive experience for attendees throughout the year.
Shaneer N Siddiqui: After the resounding success of IPS 2023, what can be expected from IPS 2024?
Dawood Al Shezawi: More than half (56%) of the visitors at IPS 2023 were investors and homebuyers. This fact shows that IPS is more than an exhibition and a conference. It is an event where people come to buy their first dream house, or invest in an industry which promises a good return on investment.
At IPS 2024, we are trying to increase this number. By attracting the best local, regional and international property builders and developers, we aim to provide our visiting investors and homebuyers a chance to choose from a diverse array of real estate products and services.
For the exhibitors, we is to provide a consolidated platform, which, year after year, connects them with the top-of-the-funnel investors and homebuyers, who are ready to buy if they are sold the perfect opportunity.