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September 1, 2015

First-ever Pakistan Property Expo will be held in Abu Dhabi

Lahore

September 1, 2015

Islamabad
The first-ever Pakistan Property Expo will be held from October 29-31 in Abu Dhabi to attract international and Pakistani expatriates in real estate sector.
The Pakistan Property Expo at the International Real Estate and Investment Show 2015 (IREIS-2015) aims to bring together originators, real estate advisers, private and institutional dealers from the Middle East, Europe and Asia-Pacific regions under one roof. Qamar Chaudary, the associate event manager, said here on Monday that the Pakistan Property Expo at IREIS 2015 is a platform for investors and buyers from Middle East and South Asian region to lead insight into market trends.
Antoine Georges, managing director of the Dome Exhibitions and organiser of IREIS 2015 said: "We are delighted to present the Pakistan Property Expo at International Real Estate and Investment Show 2015 that will offer investors and end-users an ideal platform to discover investment opportunities in Pakistan and network with major players within promising real estate markets across the nation," he said.
He said that the overwhelming response of property developers, investors, key decision-makers and visitors to participate demonstrates its prominent status as definite industry event. The visitors to IRIES 2015 will be able to explore a wide variety of projects and gain valuable insight into market trends."
The Pakistan real estate market is assumed to be in the range of $200 billion and $400 billion, with overseas Pakistanis investing approximately $2-3 billion — or 15-20% of the last economic year’s total remittances — into the real estate market. Pakistan received $16 billion in remittances in the last financial year. Of this, $2-3 billion were directly invested in real estate.
Expatriates from India, Pakistan and the Philippines are the biggest money-senders in the UAE, remitting a total of $20.2 billion (Dh74 billion) in 2014, according to a new report.
The associate partner and chief

executive officer (CEO) of the Mass Com Solutions, Qamar Chaudary, said “Pakistan Property Expo will highlight opportunities in the developing real estate markets across Pakistan through providing consumers and buyers a platform to meet with top investors, which will open new business opportunities and facilitate development.”
He said, “Pakistan Property Expo at IREIS 2015 aims to persuade visitors to purchase and invest in property, renowned and honorable speakers from all around the world will provide more visions about innovative ideas to initiate development in real estate investment across emerging markets globally, aims to guide on the growing real estate market and help answer crucial questions.” He added “The three-day exhibition has been organised in a way that it provides reliable information to investors about potential prospects in real estate industry. It’s an opportunity to accelerate business networking with the top executives, the regional and international depositors, developers, and investment promotion specialists.” IREIS 2015 will host a number of associated initiatives, including an international conference, project presentations, business networking meetings and investor exchanges to help regional and international investors gain a broad perspective on new market realities.