Pakistan property exhibition in Abu Dhabi from Oct 29
ISLAMABAD – The first ever Pakistan Property Expo will be held in Abu Dhabi from October 29-31 with the aim to attract international and Pakistani expatriates’ investment in the real estate sector of the country.
Pakistan Property Exhibition at IREIS aims to bring together originators, real estate advisers, private and institutional dealers from the Middle East, Europe and Asia Pacific regions under one roof. Qamar Chaudhry the associate event manager said on Monday that Pakistan Property Exhibition at IREIS 2015 is a platform for investors and buyers from Middle East and South Asian region to lead insight into market trends.Antoine Georges, Managing Director of Dome Exhibitions, Organizer of IREIS 2015 said: “We are delighted to present the Pakistan Property Exhibition @ International Real Estate and Investment Show 2015 that will offer investors and end users an ideal platform to discover the investment opportunities in Pakistan and network with major players within the promising real estate markets across the nation.” He added: “The overwhelming response of property developers, investors, key decision makers and visitors to participate demonstrates its prominent status as definite industry event. The visitors to IRIES 2015 will be able to explore a wide variety of projects and gain valuable insight into the market trends.”
Pakistan real estate market is assumed to be in the range of $200 billion and $400 billion, with overseas Pakistanis investing approximately $2-3 billion or 15-20pc of the last economic year’s total remittances into the real estate market. Pakistan received $16bn in remittances in the last financial year. Of this, $2-3 billion was directly invested in real estate. Expatriates from India, Pakistan and the Philippines are the biggest money senders in the UAE, remitting a total of $20.2 billion (74 billion dirham) in 2014, according to a new report. The Associate partner and Chief Executive Officer (CEO)of Mass Com Solutions Qamar said ‘’Pakistan Property Exhibition will highlight the opportunities in the developing real estate markets across Pakistan through providing consumers and buyers an initiative platform to meet with top investors , that will open new business opportunities, and facilitate development.’’
He said ‘’Pakistan Property Exhibition at IREIS 2015 aims to persuade visitors to purchase and invest in property, renowned and honorable speakers from all around the world will provide more visions about innovative ideas to initiate development in real estate investment across emerging markets globally, aims to guide on the growing real estate market and help answer crucial questions.’’ He added ‘’the 3 days exhibition has been organized in a way that it provides reliable information to investors about potential prospects in real estate industry. It’s an opportunity to accelerate business networking with the top executives, the regional and international depositors, developers, and investment promotion specialists.’’
IREIS 2015 will host a number of associated initiatives including an international conference, project presentations, business networking meetings and investor exchanges to help regional and international investors gain a broad perspective on new market realities.
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