Guest speaker Aqil Kazim provided a short introduction about Dubai to the visitors.
PropertyGuru’s exclusive Dubai Property Show, in partnership with leading developer Nakheel, attracted more than 140 prospective investors keen to learn more about the emirate.
By Mindy Chong
Held for the first time from 22 to 23 October 2016 at the Four Seasons Hotel Singapore, PropertyGuru’s Exclusive Dubai Property show attracted more than 140 local and overseas property investors. The event was carried out in partnership with Nakheel, one of Dubai’s leading real estate developers. Highlights of the show included insights into Dubai’s property market, and a showcase of prime residential and commercial developments located in the heart of the emirate.
With Dubai’s real estate sector outperforming many other global cities, experts are predicting further growth and strong overseas interest by 2020. Key factors spurring this growth include attractive rental yields, flexible payment plans offered by developers, and effective measures by industry regulators.
The event began with an overview of Dubai’s real estate market from Aqil Kazim, Chief Commercial Officer at Nakheel. “Dubai is well-known for its strategic strength, which is its location in the Middle East. With an annual GDP growth of 3.5 percent, Dubai has established a knowledge-based economy, and more importantly (a growing) service sector. Dubai currently has 270,000 inhabitants. Among the many achievements of the UAE include being rated AA among financial houses, being the second most important retail destination in the world, and amongst the world’s top five in terms of income per capita (US$40,000 in 2015),” he said.
He added that Dubai has the world’s busiest airport with nearly 80 million passengers passing through it in 2015, and is a leading financial centre in the Gulf Co-operation Council (GCC).
Aside from being chosen to host the World Expo 2020, Dubai aims to attract 25 million visitors and create more than 250,000 jobs by 2020.
Gregory Perrins, Business Development Manager for Commercial at Nakheel, also shared about the strong overseas interest in Dubai residential property due to its high rental yields. Apartments in Dubai currently offer average yields of 7.6 percent. Other benefits include strong capital appreciation, its tax-free zone status, and transparency in property investment deals.
Meanwhile, the real estate projects showcased at the recent show included Azure Residences, Jumeirah Islands Townhouses, The Palm Tower Residences, and Warsan Village.
To watch a video of the exclusive show, go to: bit.ly/dpsoct2016videos.
For more information on upcoming events, go to: www.pgevents.propertyguru.com.sg.
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