Skip to main content

Explore and Invest in Thriving GCC Real Estate Market at IPS 2024

 

Dubai, UAE – (ARAB NEWSWIRE) -- The Gulf Cooperation Council (GCC) real estate market is experiencing unprecedented growth, and the International Property Show 2024 (IPS) at the Dubai World Trade Centre, from February 27-29, 2024, is the premier platform for global investors to explore and capitalize on the flourishing market.

The GCC real estate market's remarkable growth is further underscored by the projection that its value will reach US$4.43 trillion by the end of 2023, according to a Statista report. Residential real estate dominates the GCC market with a projected volume of US$2.98 trillion, displaying a steady annual growth rate (CAGR 2023-2028) of 2.65%, expected to reach US$5.05 trillion by 2028.

The buoyant UAE property sector has been a driving force, with real estate sale transactions across the GCC reaching an impressive $143.1 billion from January to October 2022, as per a comprehensive report by Kamco Invest. This figure surpassed the full-year total of $136.9 billion in 2021, showcasing the robust performance of the region's real estate sub-segments.

Dubai and Abu Dhabi played a pivotal role, contributing over 48% of the total transaction value in line with Dubai Economic Agenda D33 and Abu Dhabi Economic Vision 2030, respectively. Meanwhile, Saudi Arabia added 35.6% to the total transaction value, in line with its Saudi Vision 2030, hence solidifying the region's upward trajectory.

The Kamco report also highlighted an 81% surge in value transacted in Dubai, propelled by demand for luxury residential properties and robust revenues in the affordable segment. The average value per transaction in Saudi Arabia and Dubai increased by 35.5% and 12.2% respectively, indicating rising end-user demand and strong investment appetite.

Considering these numbers, IPS 2024 provides the ideal platform for investors, developers, and industry professionals to delve into the thriving GCC real estate market. The event promises exclusive insights, networking opportunities, and a chance to explore lucrative investment options in the evolving real estate landscape of the Gulf region.

IPS will also contribute to enhancing opportunities for knowledge and experience sharing among exhibitors, key players of the real estate market, government officials and agencies, and visitors. The event will also serve as a platform for forging new agreements and partnerships, to strengthen the connections between the real estate market stakeholders from different countries of the GCC region.

To be held in partnership with the Dubai Land Department, IPS 2024 attracts exhibitors from over 140 countries around the world, including India, United Kingdom, Turkey, Pakistan, Saudi Arabia, Qatar, Oman, and Egypt, in addition to the United Arab Emirates. For its 20th anniversary run, IPS will also feature a diverse range of events that fall under its 11 main pillars, namely IPS Exhibition, IPS Conference, IPS Oscars, IPS Future Cities, IPS Connect, IPS Finance, IPS Women, IPS Youth, IPS Studio, IPS PropTech, and IPS Design, which are set to be organized not just once but throughout the whole year.

MEDIA CONTACT
Ms. Poornima Tyagi
Media Specialist
Strategic Exhibitions & Conferences
poornima.tyagi@strategic.ae
+971 525579808




This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.

 

Comments

Popular posts from this blog

    دراسة جديدة: تحسن جودة النوم لدى الشباب الذين يتناولون الجوز يومياً دراسة تعد الأولى من نوعها تكشف عن الدور الذي قد يلعبه الجوز كغذاء طبيعي داعم للنوم   ISTANBUL, Türkiye – ( ARAB NEWSWIRE ) يشير بحث علمي جديد نُشر في مجلة Food & Function إلى أنّ تناول حصة يومية من الجوز تعادل قبضة يد تقريباً (40 غراماً أو نحو 1.5 أونصة) مع وجبة العشاء، قد يُسهم في تحسين جودة النوم بشكل عام والتقليل من الشعور بالنعاس خلال النهار لدى الشباب الأصحاء..1*   سعى باحثون من جامعة برشلونة إلى دراسة التأثيرات المحتملة لتناول الجوز يومياً على بعض المؤشرات الحيوية في البول (مثل 6-SMT، وهو منتج ثانوي لهرمون الميلاتونين)، وعلى معايير جودة النوم (زمن الخلود إلى النوم، عدد مرات الاستيقاظ بعد النوم، كفاءة النوم)، إضافة إلى النعاس النهاري. وقامت الدراسة بتقييم تأثير تناول 40 غراماً من الجوز يومياً مع وجبة العشاء، على مدى ثمانية أسابيع، لدى 76 شاباً وشابة أصحاء تتراوح أعمارهم بين 20 و28 عاماً (85% منهم من الإناث)، وقد خضع المشاركون لمرحلتين متعاقبتين: مرحل...

Accely Announces Appointment of Alok Bapna, Ex DXC/CSC Leader as President

Accely has appointed sales and new business development veteran Alok Bapna as its new President . DUBAI, UAE -- ( Arab Newswire ) -- At Accely, we will align his experience in the IT industry with our business goals to achieve new milestones. We look forward to utilizing his expertise in various areas so Accely can offer clients tailored and refined business solutions. Over the years, Accely has been recognized as a trustworthy SAP consulting service for its innovative solutions. With a new leader in the senior management, we can enrich our core services such as IT, enterprise application support, and consulting services. As a result of Alok's diverse experience, Accely can expand into wholesale, retail, consumer goods, life sciences, engineering and construction, and manufacturing markets. Alok's approach to leadership will enhance Accely's ability to solve business problems and deliver high-quality results. His ability to address and resolve issues in the IT industry is ...

Roborock Introduces Smart Cleaning Duo: Q7 TF+ and F25 RT

Redefining effortless home cleaning for pet owners and busy families Riyadh, Saudi Arabia - ( ARAB NEWSWIRE) – Roborock, a global leader in home robotics and smart cleaning solutions, today announced the launch of two innovative devices designed to simplify household chores: the Roborock Q7 TF+ and the Roborock F25 RT. Together, they provide a powerful and convenient solution for tackling everything from stubborn pet hair to messy kitchen spills. The Roborock Q7 TF+  is engineered with an anti-tangle brush system that prevents hair from wrapping around the roller—an essential feature for pet owners and families. Equipped with 10,000Pa suction power and high-frequency vibration mopping, the Q7 TF+ leaves floors spotless. With LDS smart navigation, it efficiently maps and cleans every corner, even in compact apartments. The auto-empty dock transfers debris into a dust bag that only needs replacement every two months, offering true hands-free convenienc...