The collaboration between UAE and Egypt in developing Egypt's New Capital City can be extended to other Arab countries as a model relationship, UAE economy minister said on Monday. UAE's Economy Minister Sultan Bin Saeed Al Mansouri made his remarks after he had inaugurated the 11th edition of International Property Show. He added: "The UAE's involvement in this ambitious project reflects a pioneering initiative, and we look at it as a model that other countries can follow and emulate. The UAE has gained tremendous expertise in the real estate field that could benefit other countries in the wider region. He said, "Real estate is considered one of the most significant investments worldwide and it forms one of the main pillars of any economy. This sector is witnessing strong growth, especially in the Arab world, and therefore both private and government sectors in Arab countries must take it seriously by taking actions like new legislation, support, innovation and easy liquidity." Attracting hundreds of exhibitors from around the world, the 11th International Property Show is offering a variety of real estate investment options from places like the US, Spain and Canada. The event has brought together 300 exhibitors from 130 countries offering direct buying opportunities to interested buyers. A full range of properties from ultra-luxury residences to more affordable developments in the UAE are on offer. There are also exhibitors showcasing investment options in cities like Manhattan and New York, as well as amazing offers in Europe. Some are linking their properties to residence visa schemes. The IPS Real Estate Forum also kicked off today, organised in collaboration with the Association of International Property Professionals, Royal Institution of Chartered Surveyors and Dubai Land Department to provide insights into investment opportunities. The first day highlighted the various investment opportunities in key overseas property markets such as Spain, the US and Australia. The topics to be covered tomorrow (31st March) include the effective use of expert witnesses in property disputes, international property standards, responsible business practice toolkit for the land, construction and real estate sectors and strategic facility management. ''We have designed the forum to cover all aspects of the real estate industry and give insights into latest property trends across the Middle East as well as internationally,'' said Josine Heijmans, Exhibition Director, Strategic Marketing & Exhibitions. Local exhibitors at the show include Dubai Properties Group, the show's exclusive strategic partner, and silver sponsor Damac. Also attending are Al Barari, Azizi Developments, Cavendish Maxwell, Chestertons Affinity Spain, DemirInsaat, Doka, Downtown Real Estate, GRE Assets, Green Valley Real Estate, HMG Properties, Metta Estates, New York Residences, Remar, Richland, Sherwoods, Tebyan Real Estate, Union Properties, Wahat Al Zaweya, Sherwoods among others. Source: WAM
