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The 2nd Property Shopper opens its doors this weekend at the Grand Hyatt bringing together 40 real estate agents and brokers showing residential and commercial properties across the UAE with a key focus on rentals and the emerging end-user market.
‘Looking at the global financial situation, there are many concerns regarding UAE property. Speaking to brokers, we have noticed a shift in the market; now that more and more properties are being completed, property owners are looking to rent their properties to manage mortgage repayments. Hence the Property Shopper with 40 leading agents and brokers showing together at the same venue comes at an ideal time to help people looking to rent, or end-users and investors looking at completed and ready to move in properties.’
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Brokers including Sherwoods, Cobalt, Hunt and Harris, LLJ Properties, Great Properties, Engel and Volkers and Aqua Properties will be offering a cross section of residential and commercial property ranging from apartments and studios to villas and town-houses.
Vincent Easton, Sales Director at Sherwoods Property Consultants, said, ‘Contrary to popular belief not all property prices are falling in Dubai. We see a very clear end-user market emerging both in terms of rental, investors for buy to let and owner occupiers in projects that are completed or close to handover, these include areas such as JBR, Dubai Marina and Discovery Gardens. The fundamentals and dynamics of both living and working in Dubai are still strong meaning the medium to long term outlook for real estate investment remain sound.’
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Properties on display will cover Abu Dhabi, Dubai, Ajman and Ras Al Khaimah and visitors can also expect to see some great bargains on both off plan and resale properties. Off plan prices are still being offered at very favourable rates with many completing shortly, providing good rental returns to cover mortgage repayments.
Launched in May 2008, the first exhibition proved to be a success attracting over 35 exhibitors and 5,500 investors over two and half days.
The Property Shopper concept is similar to that of a property high-street one would find in countries like England, Paris or Hong Kong, where one can look into an agents’ window to see the current deals on offer and compare prices. The 2nd Property Shopper runs from 13 to 15 November 2008 at the Grand Hyatt Dubai. Admission is free.
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Filed under: Abu Dhabi Property, Global Property News, ajman property, dubai property | Tagged: abu dhabi, ajman, ajman property, dubai, exhibition, off plan property, overseas property, properties, Property Investing, property news, property shopper, real estate
