As real estate companies benefit from an economic recovery and a rebound in construction, property prices in Dubai are expected to rise by up to 40 per cent this year, according to Dubai Land Department.
The renewed confidence in Dubai’s property market is reflected by the launch of Next Move live, the UAE’s new consumer property show, which will offer visitors all necessary information to buy or rent their next villa or apartment under one roof.
Launched by the organisers of Cityscape, Next Move live brings together property developers, agents and banks, offering visitors a showcase of thousands of local and international properties to choose from.
Luxury real estate developer Pacific Ventures, silver sponsor of the event, is planning to launch two new projects at the show, Pacific Village and Dubai Lifestyle City.
According to leading property research firm Knight Frank, the average house price in Dubai increased by 11.8 percent in the last half of 2013 and the economy is expected to continue to grow as the anticipation of Expo 2020 looms.
The three-day show, which takes place from February 20-22, 2014 at Madinat Jumeirah, Dubai provides the perfect stepping stone for consumers to get their foot on the ladder of the property market.
Wouter Molman, Director, Cityscape Group said: “This is an exciting prospect for 2014 as we witness this surge in the property market. We know from our experience of running the Cityscape events in the UAE that there is a demand for a show to help consumers make these tough real estate decisions. UAE residents and property developers alike have been calling out for this kind of event.
“As the only dedicated consumer event in the UAE, visitors will be able to access information directly from property developers, agents and banks, and can even make a decision on the show floor to purchase or rent their next home,” he said.
Next Move live takes place with the support of Platinum Sponsors Aldar Properties, DAMAC Properties and Flash Properties, three of the leading real estate companies in the region, in addition to Orient Desert Real Estate (Gold Sponsor), Pacific Ventures (Silver Sponsor) and Commercial Bank of Dubai (Official Banking Sponsor).
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