The second day of the 13th edition of International Property Show 2017 saw several companies close deals and transactions with a host of investors.

During its first and second day, thousands of visitors and potential customers visited the show to avail of opportunities in real estate investments. The show permits on-the-spot sales and transactions, authorised by the Real Estate Regulatory Agency.

Syed Tahir Ikhlaq, general manager, marketing and sales at Izhar Developers, said his company aimed to interact and communicate with potential clients, particularly Pakistani expats in the UAE and Gulf countries. Ikhlaq added that though sales was not the primary goal for their participation at the show, the company was able to close a deal worth $500,000, with many more in the pipeline.

Izhar Developers is one of the biggest real estate companies in Pakistan. The company develops commercial and residential properties. At the International Property Show, the company is showcasing its projects in Lahore and Islamabad for Pakistani expats in the UAE and in the Gulf.

The second day of the International Property Show witnessed good attendance from buyers and investors for the properties offered by several companies, particularly from the UAE, UK and USA.

Cyprus is also participating at the International Property Show. Top real estate companies are offering a host of properties in Cyprus.

The government of Cyprus has incentives and offers to encourage real estate investment in the country. Residency and citizenship programmes are some of the incentives offered by Cyprus. The residency programme facilitates residency in Cyprus for any investor who purchases ?300,000 property or more in the country, whereas the citizenship programme offers immediate citizenship for any investor who invests in real estate worth ?2 million, with ?500,000 of the portfolio invested in one project.

“The show has lived up to its promise, offering an efficient platform for real estate companies and investors, permitting them to execute sales deals on site,” said Dawood Al Shezawi, CEO of Strategic Marketing & Exhibitions, organisers of the International Property Show.

“We expect additional turn-out on the final day of the show, especially with the ongoing offers on display by real estate companies. It is highly recommended that investors avail of the offers on hand before the show closes,” continued Al Shezawi.

Luxury and affordable units in Dubai are receiving high attention from buyers and investors. In addition to the sales deals, the second day of International Property Show also saw experts and industry specialists lead meetings and conferences with investors from many countries, such as Saudi Arabia, China, Russia, India and the UK.

Staff Report/dubai
Filed on April 3, 2017
Khaleej Times
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