Dubai is still showing signs of stronger growth than ever with an estimated 75,000 new housing units expected to be completed by 2008 and over 260,000 units to be completed by 2015 according to the organisers of the forthcoming Dubai and Gulf Property Show which takes place in Dublin’s RDS (Shelbourne Hall) on Friday March 23 to Sunday March 25 2007 daily from 10.30 to 18.30 hours – entry is free.

Over 5,000 people are expected to attend the three day event, which will showcase in excess of 30 exhibitors from Dubai according to spokesman Mike Bridge, Regional Sales Director of Dubai Shows. “Irish investors are keen to invest in Dubai more than ever and, now, there are signs that Abu Dhabi – another Emirate State is attracting huge interest. The show which will feature a series of free workshops, covering lifestyle, property law, state of the market and starting a business in the UAE. We also have a recent film of Dubai showing all the latest projects and leisure facilities, ” he said.

Figures released in last week by the Dubai Statistics Department confirm that 292,000 more people became residents in the last 12 months.  Dubai’s population has increased from 1.130million in 2005 to 1.422million in 2006.  This means 24,333 more people were added to the population every month – a factor according to Mike Bridge is extremely important from the Irish investor perspective in terms of rental opportunities for the longer term.

Well known Dubai agents and developers, plus representation from Abu Dhabi, Ajman and Doha will be showing en masse, exclusively under one roof in the RDS.   Dubai is, according to Mike Bridge, a firm favourite for Irish investors who are now seeking out new investment opportunities. “ Prices by international standards are stillcompetative, and the rental returns are exceptionally high, in some cases running at 15%.”

With Aer Lingus adding an extra flight to Dubai in June plus the recent announcement that Eithad, Abu Dhabi’s national airline will fly from Dublin to Abu Dhabi in August,  the region is likely to become more popular not just for investors but for tourists too. Duabi is now the fastest growing city in the world and world class destination for business and tourism.

According to Mike Bridge “Hotel occupancy is running at 98% so Irish investors who are looking for a good investment can now buy off plan or resale property and obtain yearly rents or short term rents through a number of reputable agents at the show. Sort term provides an ideal option to escape from the winter gloom to enjoy the Dubai winter sun and perhaps a spot of serious shopping or a round or three on a championship golf course.”

“Offices are also in demand as the original plan mainly included residential real estate. Now with the Dubai Financial Market and the large number of International companies setting up shop in the City, 5 star address are all the rage, but it will take several years for Dubai to catch up and build enough offices to cater for this demand,” said Bridge

Visitors to the show will be able to meet both developers and estate agents from Dubai, Abu Dhabi and Ajman from the United Arab Emirates plus property for sales on the Pearl of Qatar in Doha in the state of Qatar.

The Show will feature many exciting projects including

Wadi Walk located right in the heart of the City of Arabia – a unique development featuring luxury apartments (five floors maximum) and a wide range of ethnic cafes and restaurant as well as retail units. Located along a canal with lots of trees and walkways – designed a tourist location.

First Qatar Real Estate Development Co.  will offer 25% rental guarantees over 3 years in the First Tower, the luxurious residential properties at The Pearl-Qatar, the most glamorous man-made island in the heart of the Arabian Gulf.

Burj al maujoom (Tower of Stars) 

Fifth Ring and Landmark Properties who will launch a project called ‘Olympic Park’ in Dubai Sports City.

Ocean Terrace Residence located in Abu Dhabi one of the first towers that can be sold to overseas property investors

Note : any images or information on any of the above developments please contact McGovern PR

Bay Central Development being built by Dubai Select Properties – this development comes with the security of an escrow account backed by Barclays Bank and features a three tower project on the Marina which combines residential property with a five star hotel.

Properties at the show will cover the vast of  “off plan” and key ready freehold properties including villas, town houses, apartments, lofts, studios, water homes, golf resort homes, serviced apartments and commercial developments, with prices from Euros 62,000..

Investors seeking to buy a holiday home or an investment project can seek suitable finance through an array of recommended lenders with mortgages available up to 80%.  Visitors to the show will be automatically entered into a free draw to win a pair of returns tickets with 4 days stay in a 5 star hotel and a desert safari. The prize will be drawn on 25th March 07 at 5 pm. 

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