Dubai’s Real Estate Flourishes on Global Stage: IPS 2024 Set to Showcase Thriving Market

Dubai's Real Estate Flourishes on Global Stage: IPS 2024 Set to Showcase Thriving Market

The 20th edition of the International Property Show (IPS) is gearing up for its grand event on February 27 and 29, 2024, at the Dubai World Trade Center. In collaboration with the Dubai Land Department (DLD), IPS 2024 will spotlight Dubai’s robust real estate sector, offering attendees an exclusive glimpse into the city’s dynamic property landscape.

Dubai continues to be a prime destination for real estate investment, witnessing significant growth since the start of 2023. Experts predict this upward trajectory to persist in 2024. Aligned with this optimistic trend, IPS 2024 aims to provide a platform for showcasing promising investment opportunities within the sector and the construction industry. The event seeks to reinforce the real estate industry’s pivotal role in the Emirate’s economy.

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Factors Driving Dubai’s Real Estate Boom: Dubai’s enduring appeal in real estate is attributed to several key factors that are expected to shape the market in 2024. A thriving economy, political stability, enticing investment opportunities, and the realization of Dubai Economic Agenda D33 objectives contribute to the city’s allure.

Director-General of the Dubai Land Department, Sultan Butti bin Mejren, highlights Dubai’s exceptional success in attracting real estate investments and substantial growth in transaction numbers. Dubai stands among the world’s fastest-growing cities in sustainable real estate development.

Dubai as a Preferred Destination: IPS President, Dawood Al Shezawi, underscores Dubai’s attractiveness among buyers and investors, citing smooth operations, a robust legal system, progressive laws like the Real Estate Investment Funds Law, and its strategic location. These factors have propelled Dubai’s prominence in the international real estate market.

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IPS aims to foster trust in Dubai’s real estate sector, aligning with the government’s vision to become a global hub for real estate investment.

Dubai’s Global Standing: Dubai’s real estate market remains a global standout with a 5.6% increase in residential property prices in Q1 2023, marking the ninth consecutive quarter of price growth. Asteco’s data reveals strong demand for rental properties, reinforcing Dubai’s status as a sought-after destination for both domestic and international citizens.

IPS 2024 Highlights: The three-day IPS 2024 event will bring together government officials, senior real estate developers, top firms, financial institutions, banks, and investors. The event comprises eleven primary activities, including the IPS Exhibition, Conference, Oscars, Future Cities, Connect, Finance, Women, Youth, Studio, PropTech, and Design.

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Exhibitors from over 140 countries worldwide will be present, making IPS 2024 a global platform for exploring real estate investment opportunities in Dubai and beyond.

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