Dubai will be the fastest City to recover from Credit Crunch

HH Sheikh Mohammed bin Khalifa Al Maktoum, Chairman, Dubai Land Department has inaugurated the International Property Show – Dubai 2009, the biggest transactional property exhibition in the region on February 15, 2009. The show has on display exceptional real estate development projects from across the globe that are seeking to leverage the high attendance of international and regional investors at the annual industry event.

HH Sheikh Mohammed said, “Dubai will be the fastest city to recover from the impact of the ongoing credit crunch, and the emirate’s real estate sector will once again witness a period of long term boom. The impressive participation of players at the ‘International Property Show – Dubai 2009′ underlines the high confidence in the UAE’s property sector.”

Strategic Marketing and Exhibitions (SME), the event organizer, has revealed that the show that will run until February 17, 2009 at the Dubai International Convention and Exhibition Centre, is set to capitalize on the shift in property prices in Dubai, as well as the projected rise in the number of expatriates in the emirate in 2009.

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