Saturday, January 06, 2018
The three-day International Real Estate and Investment Show (IREIS) 2017 opened with a bunch of projects on the floor from as many companies. The organizers stated that the spot booking for projects drew investments between Dh140 million to Dh190 million on the opening day itself.
Every single company competed to draw investors and visitors. They were all exalted with the feedback.
Meetings were held by Danube Properties with potential partners, brokers and developers. Property consultant Ahmed Farouk said that they are offering new projects one-person payment plan. In order to help their client get his or her apartment handed over in a period of two years when he or she shall have to pay only 50%, they are offering the payment plan for six and a half years. Also, they are offering four years post-handover. They are planning to launch a brand new project in Dubai by the end of November 2017 as well. FAM Holding was also noted to talk about their new tower in Sharjah and their hotel and resort in Al Morjan Island known as the Al Mahra Resort.
Sales manager Mohamed Akbik stated that they have exclusive offers such as six-year payment plan, three-year till handover and three-year post-handover payment plan. This is their very first time in the exhibition and that they have been genuinely doing well till now.Rohit Saluja, G&Co head of sales said that they are offering a 10-90 plan for their product. Hereclients can pay 10 per cent before and 90 per cent is paid later at the time of handover. Out of the 90 per cent, 75 per cent is available from them as guaranteed finance.
At the same time, Pakistan has the biggest pavilion at the show. Pakistan’s Federal Minister for Housing and Works Akram Khan Durrani stated that the show presented a big opportunity for everyone. He said that this is the best opportunity for two-way business between Pakistan and the UAE. Real estate investment is soaring real high in Pakistan due to the CPEC (China-Pakistan Economic Corridor). He remarked that they appreciate and encourage the efforts put into the organization of such a great show for the international market and for Pakistanis living abroad.
As far as the recent interest in international investment is concerned, Antoine Georges, CEO of Dome Exhibitions, Organizers of IREIS 2017 stated that UAE’s residents are essentially seeking for good realty investment opportunities abroad. Because of the cessation in the UAE real estate market, investors are exploring new avenues to invest in. There are multiple factors behind investing in international properties that include the appreciation in value, end use or rental earnings, and the citizenship opportunity.
The advent of the real estate show has been mainly brought about by the remarkable low interest rates, easy monthly payment plans, direct B2C engagement, and a diverse portfolio of a range of projects. Georges stated that the UAE Market is showing a rising trend in the last quarter of 2017 currently. This obviously makes it a desirable location for inward investments. Also, the Expo 2020 is a catalyst in the real estate market that is attracting a good deal of investments from all over the world.