- The UAE is the largest investor in Egypt with investments worth USD 6.2 billion
- The Egypt Country Pavilion will feature top Egyptian developers including Mountain View , Acudi, Al Futtaim Egypt, Dorra, Emaar Egypt, Mangroovy, Royaa and Secon
Dubai, United Arab Emirates: The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is set to open up a wealth of promising Egyptian investment opportunities at the show’s 5,000-square-metre Egypt Country Pavilion, which will be managed by IPS Strategic Partner Makanak Real Estate Club (MREC), one of the leading organisations in Egypt’s property sector.
During IPS 2018, which will take place from 9th to 11th April at the Dubai World Trade Centre, investors and buyers visiting the Egypt Country Pavilion will find exclusive deals from some of Egypt’s top developers, including Mountain View , Acudi, Al Futtaim Egypt, Dorra, Emaar Egypt, Mangroovy, Royaa and Secon. Mostafa Madbouli, Egypt’s Minister of Housing, will also visit the pavilion during IPS to support the developers and discuss the country’s attractive property market with international investors.
Walid Farghal, Director General of IPS, commented: “The Emirati and Egyptian governments enjoy an exceptionally strong relationship that drives and supports investment in both countries. We look forward to working with MREC and welcoming Egypt’s Minister of Housing to further cement this alliance. The UAE is the leading foreign investor in Egypt, with the value of Emirati investments reaching USD 6.2 billion in 2017. In the previous year, the commercial exchange between the countries reached USD 3.3 billion, with USD 2.4 billion accounting for Egyptian exports to the UAE and USD 900 million for Emirati exports to Egypt. Today, the currency exchange rates are highly attractive for investors outside of Egypt, and during IPS we expect to drive sales worth AED 20,000,000 for each Egyptian developer.”
Mahmoud Abd Al Haleem, Chairman of MREC, added: “As a Strategic Partner to IPS, MREC will be managing the Egypt Country Pavilion to add value for the participating Egyptian developers, with the goal of helping them to achieve sales worth EGP 100 million. Egypt’s property market is expected to rise strongly in value over the coming years, with construction booming to meet the growing demand. One of the biggest projects in Cairo is the new administrative capital, which is due to open in mid-2019 and will present investors with a range of new investment opportunities in the city. At IPS, we will be supporting this growth by attracting a new wave of investment from buyers from across the globe.”
Sarah El Tabakh, Public Relations and Communications Manager at Mountain View — the Gold Sponsor of the Egyptian Country Pavilion — commented: “Mountain View is proud to participate in IPS 2018 as the Gold Sponsor of the Egyptian Country Pavilion, which emphasises the important role our company plays in exporting Egyptian real estate abroad and particularly to the Gulf countries. This region is especially important for us, as we are witnessing close investment cooperation and many GCC and UAE investors taking an interest in Egypt’s real estate market. Our participation also demonstrates Mountain View’s commitment to supporting the Egyptian economy and its real estate sector. We will achieve this by offering exclusive benefits on our flagship project, where we will be offering 0% to 10% down payments and six to nine years without interest for units ranging from studios and small apartments and villas, to town and twin houses.”
IPS 2018 will also feature dedicated Country Pavilions for Europe as part of the new IPS ‘Mega Property Sale’, which will run for all three days of IPS. The ‘Mega Property Sale’ will showcase market-leading offers and discounted prices from UAE developers, banks, real estate agents and property auction houses, providing investors with a one-stop shop where they can find complete packages of bargain deals. Buyers will also benefit from free legal consultancy, three-day local distress deals through live auctions, and a series of exclusive offers from banks including no processing or service fees, onsite pre-approvals and low interest rates.
Attendees will also have the opportunity to attend the Dubai Property Festival (DPF), which is being organised by Dubai Land Department in partnership with IPS and will be held over the same days as IPS at the Dubai World Trade Centre. DPF is expected to boost buying and selling activities in Dubai’s real estate market among a large number of developers, brokers, banks, mortgage providers and financial institutions, and home buyers. It is part of DLD’s ongoing efforts to support the real estate sector and create a win-win situation for all stakeholders in the property development industry.
Sponsors and partners for IPS 2018 include DLD, Mountain View — the Gold Sponsor, MAG Property Development, Azizi Developments, Danube Properties, and The Publicity Network as Key Communication Sponsor.