December 20, 2023
2 mins read

IPS 2024: Gateway for Investors Eyeing Growth in GCC Real Estat

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. …reports Asian Lite News


The Gulf Cooperation Council (GCC) real estate market is witnessing remarkable growth. The International Property Show 2024 (IPS) at the Dubai World Trade Centre, scheduled for February 27-29, 2024, serves as the prime platform for global investors to discover and seize opportunities in this thriving 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.

Abu Dhabi

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.

ALSO READ: Panasonic Taps 12 Indian Startups

ALSO READ: ONDC, Meta Join Forces to Boost Indian SMEs

Previous Story

US Congressmen Announce Creation of Hindu Caucus

Next Story

Special Screening of ‘Bay of Blood’

Latest from -Top News

Dubai Glows with Ramadan Spirit

The stunning displays are a key highlight of the second edition of the #RamadanInDubai campaign. Dubai has transformed into a dazzling spectacle of light and artistry in celebration of Ramadan, with grand

UAE Celebrates Emirati Children’s Day

The United Arab Emirates is celebrating Emirati Children’s Day today, reaffirming its dedication to nurturing a safe and supportive environment for the nation’s children. This annual occasion highlights the UAE’s commitment to

Mark Carney Sworn In As Canada’s PM

Mark Carney was officially sworn in as Canada’s new Prime Minister on Friday, succeeding Justin Trudeau in a leadership transition that comes amid heightened geopolitical tensions. Carney, a respected economist and former

Pakistan Blames Kabul for Jaffar Express Attack

The Pakistan Foreign Office spokesperson Shafqat Ali Khan has stated that the intercepted calls confirmed links between the attackers and Afghanistan…reports Asian Lite News Pakistan continues to accuse Afghanistan of orchestrating the
Go toTop

Don't Miss

UAE presents national report on nuclear safety

The purpose of the report is to describe the legislative,

Juma Al Majid: 2023 Hyundai Dealer of The Year

“The Sharjah facility, introduced in 2018, meets GDSI standards and