Author : Shuchita Bist
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Dawood Al Shezawi, MD, Strategic Marketing & Exhibitions |
Studies reveal that Russians are eager to find more investor-friendly markets outside their country and are expected to invest $1.5 billion into the Dubai property market in 2008. With the outpouring of global real estate investments coming from Moscow-based multinational corporations, Strategic Marketing & Exhibitions (SME), organizers of the ‘International Property Show' in Dubai, is set to launch the ‘International Property Show Moscow 2008', with the aim of attracting major Russian investors into the emirate.
Dawood Al Shezawi, MD, SME, said, "The high potential of Russian-based investors to make large-scale investments into the booming Dubai real estate market has prompted us to bring the ‘International Property Show' to their market. We are expecting investors, property dealers, real estate agents, property owners, contractors, constructors, portfolio managers and solution providers to take advantage of the outstanding opportunities that abound this inaugural event, as well as the vast expanse of personalized services related to the real estate sector, which will be highlighted by leading regional and global companies."
The high profile networking and transactional event will feature prime real estate projects from Dubai and across the globe within its 3-day run, from November 10-12, 2008 at Hall 1 of Crocus Expo International Exhibition Centre in Moscow. Russian investors are fast becoming among the biggest segment of investors and buyers in the GCC real estate market. Recognizing the attractive prospects in the Dubai real estate market, over 800 Russian investors have bought both commercial and residential properties in the emirate estimated at over Dh700 million in the last few years.
Source : Press Release
