Dubai, UAE -- (SBWIRE) -- 02/12/2014 -- As real estate companies benefit from an economic recovery and a rebound in construction, property prices in Dubai are expected to rise by 40% this year, causing a surge in consumer spending, 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.
Brought to you by the organisers of Cityscape, Next Move live brings together leading 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”.
Miguel Guadalupe, Chief Operating Officer at Pacific Ventures, said: “Both the projects are unique developments for private residents comprising villas and town houses, delivering new levels of luxury and distinction. They are stylish in design, generous in size and impeccable in finish.
“Next Move live provides the perfect platform to showcase these developments and network with various industry professionals, as well as share and gain new insights about the property market trends throughout the region and the world.
“This market insight is essential in formulating strategies that will help Pacific Venture with real estate opportunities and mitigate any risks in the future,” he added.
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 20 – 22 February 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 PJSC, 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).
Pre-registration and more information is available at www.nextmove.ae/live/ or www.facebook.com/nextmovelive
About Next Move Live
Next Move live is the only dedicated consumer property show in the UAE, offering a one-stop-shop where consumers can get all the information they need to buy their next villa or apartment. The show brings together the leading property developers, agents and banks from the UAE and overseas all under one roof, offering a showcase of thousands of properties to choose from.