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Dubai /Â WAM
In yet a new sign of the stability of the UAE realty market, the 13th edition of the International Property Show (IPS) the Middle East’s biggest real estate sales platform, started in Dubai, showcasing property worth AED1 trillion, according to real estate sources.
IPS is an innovative event held annually in Dubai for international and local companies involved in sales and promotion of real estate to individuals and institutional investors.
Supported by the Dubai Land Department (DLD) IPS is a perfect platform for both International and local real estate markets to showcase their residential, commercial and mixed-use real estate products. Being licensed by the Real Estate Regulatory Authority, RERA, in Dubai, IPS is the only property platform that enables consumers to directly and seriously conduct transactional business locally and internationally.
RERA is a regulatory agency created by Government of Dubai with the aim to regulate real estate organizations and agents working in Dubai. It was established on July 31, 2007 by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.
According to global real estate services company Cluttons, Dubai overtook London as the most preferred property investment location for 2017.