EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
UAE show to exhibit in Pakistan to attract 415 ultra-wealthy holding Dh183.5 million
  Sunday 29 April, 2018
UAE show to exhibit in Pakistan to attract 415 ultra-wealthy holding Dh183.5 million

ABU DHABI, UNITED ARAB EMIRATES, APRIL 26, 2018: The UAE-based International Real Estate and Investment Show is set to tap highly potential investment opportunity from Pakistan as more and more Pakistani investors buy properties in the UAE. The show will boost bilateral investment into real estate and related sectors

BMS International Commercial Investment, one of the Royal Group Companies of UAE’s Sheikh Saeed Bin Khalifa Al Nahyan, has shown interest in investing $3 billion (Dh11 billion) in different economic sectors of Pakistan, with a focus on real estate.

Louai Mohammed Ali, chairman of BMS International Commercial Investment, made the commitment to invest in Pakistan’s real estate development, agriculture and fisheries, energy, hospitality and leisure, healthcare and education sectors.

In December 2017, Egyptian tycoon Naguib Sawiris of Ora Developers and Pakistan’s Saif Group announced investing over $2 billion in real estate ventures in Islamabad.

Pakistan’s near-term outlook for economic growth is broadly favourable, the International Monetary Fund (IMF), said in a recent statement.

“Real GDP is expected to grow by 5.6 percent in FY 2017/18, supported by improved power supply, investment related to the China-Pakistan Economic Corridor (CPEC), strong consumption growth, and ongoing recovery in agriculture. Inflation has remained contained,” the IMF said in a statement in March 2018.

Total Foreign direct investment (FDI) into Pakistan surged 68.9 per cent to $4.45 billion in the nine months of FY2018, according to the central bank data.

With a population of almost 208 million people, Pakistan is suffering a shortage of 12 million houses, said a latest report. Karachi, with its behemothian population of 16.6 million, has an annual shortage of 300,000 houses.

Pakistan’s growing economy supported by its investment sector has remained instrumental to the country’s economic growth over the last five years. With a spend of about $5.2 billion on real estate construction backed up by price correction of up to 20 percent and major advancements in the overall industry dynamics, the property market has enabled strong returns among investors compared to other investment avenues.

Likewise, recent studies have indicated a significant move in the local real estate market of Pakistan towards overseas investment, being identified as one of the largest investors in the International Property Market. Pakistan’s property buyers have increasingly secured homes and investment in Europe, GCC, Canada and UK.

Global real estate transaction value reached $698 billion in 2017, 6 percent above the total transacted in 2016, according to Jones Lang LaSalle, a global real estate advisory. Pakistani investors represented a good chunk of this.

Pakistani nationals have invested Dh24.98 billion in Dubai’s real estate through 19,955 transactions in the last four years (2014-2017), according to Dubai Land Department (DLD) making them the third largest non-Arab investor group by nationality.

DOME Exhibitions in collaboration with Pakistan’s leading media house Jang Media Group is back this year to bring the International Real Estate Investment opportunities in the heart of Pakistan with its much-awaited participation at the Dream Home Expo, Pakistan’s leading property and investment exhibition.

“Pakistanis and Non-Resident Pakistanis (NRP) alike have increasingly been investing within Pakistan and in international markets. Such investors have made their mark in countries across the world, acquiring not just investments but also citizenship opportunities through various investment programs,” said Antoine Georges, Managing Director of DOME Exhibitions, International Pavilion organizer of the exhibition.

Sarmad Ali, Managing Director of Jang Group commented, “Dream Home Expo creates a diversified platform that bridges the gap between exhibitors and buyers through specialized offers, property showcases and varied investment prospects in Pakistan. Moreover, the International Real Estate and Investment Show draw an added participation from international real estate leaders, attracting high-net worth investors to explore not just the country but also different countries in Europe, Asia and the GCC.”

Set to bring the best that the region has to offer, Jang Media Group, the organizer of “Dream Home Expo” from 11-13 May at the Pak-China Friendship Centre, Islamabad, Pakistan. This year’s International Real Estate segment will play as host to global property developers, real estate brokerage and investment companies from Europe, Canada, UK, USA, Cyprus and UAE in one platform to cater to home owners and real estate investors from the country and around the world. As many as 30,000 people are expected to visit the show. Agents will also showcase Residency & Citizenship by investment options in countries including UK, Canada, Australia and Europe to offer Pakistanis diverse citizenship and residency possibilities that will enable benefits such as visa-free travels across the globe, their spouses and dependent children.

International Real Estate and Investment Show (IREIS) Islamabad will also serve as a comprehensive meeting place where real estate leaders and global companies can meet to discuss the latest trends and best practices across the local, regional and international level on the industry.

“The International Real Estate and Investment Show is the perfect venue for investors and aspiring individuals to find the right investment opportunity in the comfort of Islamabad. Visitors can look forward to expertly advise from the country’s financing houses, real estate developers and agents who will guide them throughout the decision and purchases process,” concluded Antoine Georges, Managing Director of DOME Exhibitions, International Pavilion organizer of the exhibition.

Investment by Pakistani Nationals in Dubai’s real estate

Year No of transactions Investment by Pakistanis
2017 5,398 Dh5 billion
2016 3,372 Dh4.4 billion
2015 6,106 Dh8 billion
2014 5,079 Dh7.58 billion
Total 19,955 Dh24.98 billion
Source: Dubai Land Department

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Latest News »
 
  The handshake, denuclearizatio...
  Trump to leave G-7 summit earl...
  Can Trump really do that? The ...
  Trump imposes steel, aluminum ...
  American freed from Venezuela ...
  Trump again changes tone on No...
  CIA Director Gina Haspel sworn...
  President Trump promises actio...
  What does Trump's Iran move me...
  Trump extends exemptions on st...
  Melania Trump 'really fun' but...
  Korean summit puts pressure on...
  Arriving for state visit, Emma...
  For an emotional good-bye to B...
  Former first lady Barbara Bush...
  Donald Trump cancels South Ame...
  President Trump orders Nationa...
  Trump suggests he will send U....
  Trump freeze on Syria aid late...
  President Trump: 'No way' Unit...
 

Current Conditions:
Thunderstorms

Forecast:
Tue - Thunderstorms. High: 92Low: 76
Wed - Thunderstorms. High: 84Low: 70
Thu - Thunderstorms. High: 83Low: 71
Fri - Scattered Showers. High: 75Low: 69
Sat - Thunderstorms. High: 84Low: 70

Full Forecast at Yahoo! Weather



Washington, DC

  ©2010 The Capital Post. All rights reserved.