Bayut.com to participate at International Property Show in Dubai from April 11 to 13

Bayut.com, the UAE’s smartest property portal, announced its participation at the forthcoming International Property Show 2016, the property sales platform that provides direct sales transactions on its floor, to be held from 11 – 13 April at the Dubai International Convention and Exhibition Centre.

International Property Show 2016 is unique as an accredited platform for direct real estate transactions, and onsite deals. Over years, organisers have succeeded in making it a platform for retail property, as it provides smooth and comfortable sales process, comparable to shopping at a commercial store.

“Being part of global events like this show is indeed a privilege for Bayut.com. The exhibition has become known for being a great platform for real estate markets around the world to showcase their products. As Bayut.com is a marketing services medium, the show gives us a great opportunity to grow our network, meet international experts and real estate managers, as well as gauge trends in the realty markets around the globe,” said Yusuf Tanvir, Marketing Manager.

Exhibitors at the event can collaborate with Bayut.com to reach property hunters across the globe that use this portal each month to browse through tens of thousands of residential, commercial and investment options. 

“There is a wide array of real estate agencies all over UAE registered with Bayut.com at the moment. Our website attracts traffic from all parts of the world, and end users that feature prominently in our traffic stats are Emiratis, Pakistanis, Indians, British, Saudis, Chinese and US nationals,” added Tanvir.

Search hits on our portal grew by 100% in 2015 compared with 2014, which hints an increasing international interest in UAE’s real estate market.

UAE, especially Dubai, is the quintessential business hub of the MENA region. Its superior infrastructure, effective legislation, ease of doing business and tax haven status make it a natural headquarters for businesses looking to expand in the region and the realty sector continues to benefit as a result.

Besides being highly regulated real estate markets, strength of the rental segment and lucrative yields in the both Abu Dhabi and Dubai are keeping serious investors engaged. 

Dubai alone registered realty transactions worth $18.64 billion in the first 53 days of the year, according to the data provided by the Dubai Land Department. The number is a clear manifestation of the underlying strength and appeal of the real estate market for domestic and international investors. 

“In Dubai, apartments are by far the most popular property type when it comes to website traffic. Search hits for apartments constituted two-thirds (over 66%) of all Dubai-related searches run on our website in 2015. The next popular category was villas, taking up 27% of all searches for properties in Dubai. Locality wise, Dubai Marina remained the most popular for apartment searches, making up 17% of all searches,” added Tanvir.

In Bayut.com’s recent study of apartment prices in Dubai in January 2016 compared with prices in January 2015, it observed an overall drop of 7% in values.

Tanvir added: “We have always maintained that the foundations of the UAE’s real estate market are stronger than before thanks to the diversification and general strength of its economy. There’s a healthy job market in operation that is pulling in expat talent and keeping demand for housing across the country strong.”

This year, International Property Show will feature a galaxy of international exhibitors showcasing projects from Europe, Asia, US and Arab countries.