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Feedback from the Worldwide Property Show in Dubai, on the 23rd - 25th of October, 2008
HOME » NEWS » Feedback from the Worldwide Property Show in Dubai, on the 23rd - 25th of October, 2008
Ms. Jurga Skrabulyte, Marketing Manager for EMP Advisers:

How did you find the show compared to the previous ones?

In the previous Worldwide Property Shows people were mainly looking to buy property within the UAE. This year I’ve noticed a shift of interest towards property outside the Middle East. Visitors were inquiring about developments in other parts of the world which is a positive outlook for developers.

What seemed to be the main interest of the visitors in your opinion?

I would definitely say investment opportunities. Smart investors know that this is the best time to buy property and make profits in tough times.

How many visitors would you say attended the exhibition?

I wouldn’t be able to provide you with an exact figure but less than in previous years. When we attended the exhibition in May 2007, as soon as the show was opened to the public, there was an amazing flow of people rushing to the stands. However, this year, I’ve noticed a more timid attendance, but visitors had a clearer picture of what and where they wanted to buy.

Apparently, the global credit crunch affecting the US and Europe is not yet felt in the Emirates. Would you agree with that?

Arabians are after all high net worth individuals looking to put their money in profitable investments. The effects of the current global financial crisis haven’t hit the UAE that strong yet, but they are already looking to buy property abroad.

How did you personally find the show, in terms of relating with people and creating business connections?

Our business is needed now more than ever. Developers appreciate our help in selling their properties in these tough times for the real estate market. We signed quite a few partnerships during the exhibitions so I can honestly say it was a good experience for us. Visitors even approached us directly looking for advice: “I have 5 million dollars and I want to invest in property. How can you help me?”