News
The International Property Show Kicks off today at Dubai World Trade Centre
Under the patronage of Dubai Land Department (DLD), the 19th edition of the International Property Show (IPS 2023), the largest property platform in the Middle East for local and global markets, kicks off today 12 – 14 February. IPS 2023 will showcase current and future real estate projects and investment opportunities. IPS 2023 is an international platform that gathers high-profile investors and real estate companies from all over the world to exchange knowledge and experiences and build new strategic partnerships.
Aside from the UAE, the show is anticipated to attract over 120 exhibitors from more than 40 countries, including the United States of America, the United Kingdom, Turkey, Cyprus, Portugal, Pakistan, and India, among many more countries providing incentives to interested investors.
Commenting on the launch, Tariq Ramadan, Director of the International Property Show, said: “Organising the 19th edition of IPS further validates and reflects the ability of Dubai’s real estate market to attract foreign investments and compete with global investment destinations in the real estate sector, thereby contributing to achieving the objectives of Dubai Economic Agenda D33.
This is due to the emirate’s wide range of advantages, including facilitated investment procedures and powerful legislation that protect investors. This in addition to government decrees that have been recently and successively issued by the UAE leadership to facilitate doing business, such as the country’s new residency laws.
Investors are also being attracted by the golden visas, which they will receive when they purchase one or more properties with a value of AED 2 million. Another contributing factor is the rising trajectory being experienced by the UAE’s national economy, which is supported by rising oil prices, the growth of the nation’s non-oil sector, and Expo 2020 Dubai’s positive outcomes.
IPS 2023 will feature a package of programmes and activities and will also witness the signing of Memorandums of Understanding with many local and global entities to boost cooperation efforts, the exchange of experiences, and the organisation of meetings to continuously uplift the real estate sector.
Dubai Land Department’s Platform
Dubai Land Department (DLD) is participating in IPS 2023 with a platform that organises an integrated package of activities to exchange knowledge in an interactive environment that contributes to informing event delegates of the property market trends, investment strategies, and the latest developments of the region’s real estate sector. Additionally, DLD will leverage IPS 2023 as an ideal platform that makes it possible for the government and private organisations in the real estate field to showcase their services and achievements in designing and managing distinctive and sustainable property projects.
Rich Agenda
IPS 2023 will comprise, in addition to an exhibition hall, features and activities, including the main conference, which will feature three panel discussions on the event’s second day: ‘Real Estate Leaders’ Perspective on The Development Sector; Opportunities, Threats, Regulations, and Technology’; ‘Digital Transformation: Technology and the Transformation of the Property Sector’; and the third panel will discuss real estate pioneers and their views on the market outlook and buyer behaviour. Several renowned speakers will also provide their thoughtful insights in addition to a chat on “Real Estate Funds: Challenges & Horizons,’ along with a review of the investment destinations in some countries, including the USA, Pakistan, the Philippines, Georgia, and Columbia.
The Property Network Partnership, IPS 2023’S Strategic Partner, will organise the second edition of the ‘Property Think Tank Program,’ comprising eight brainstorming sessions on the second and third days of the event, which will bring together a group of real estate experts who will provide their insights and experiences, exchange knowledge and discuss the new solutions to address the challenges in the real estate sector based on eight major pillars: crowdfunding, interior design, facility management, FDI in the real estate sector, marketing, regulations, smart and sustainable cities, and metaverse technology in the real estate sector. At the end of each session, participants will present a set of recommendations, ideas, and innovative solutions to address current and future challenges.
The Young Professionals Network, in partnership with IPS 2023, will organise the Young Professionals Network (YPN) Global Congress to create a platform for young, career-focused real estate professionals. The aim is to allow them to compete with other young professionals from all over the world to innovate new concepts and test and implement them to address the current and future challenges affecting business flow, in addition to empowering young professionals and change makers in the international community.
The (YPN) Global Congress will comprise five major activities: YPN Challenge, YPN Projects, YPN Ideas, YPN Connections, and YPN Tube. The Global Young Professionals Network launched YPN Awards for PropTech start-ups. The top 15 that operate in IT to help individuals and companies search for, purchase, sell, and manage real estate properties will be invited to attend IPS 2023 to showcase their projects before a judging committee. The winning start-ups will be announced on the event’s closing day.
The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November.
This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos.
Olumide said the prevalence of distressed buildings in different parts of the state was worrisome and needed the urgent attention of all stakeholders.
He said, “The Ministry of Physical Planning and Urban Development as mandated by the Lagos State Urban and Regional Planning and Development Law, 2019, as amended, was willing to extend its responsibility for approving the remodelling of existing buildings to provide technical assistance to developers and owners of distressed buildings, especially on the design and remodelling of such buildings.
The Federal Government has instructed the contractors responsible for the 107km Enugu-Onitsha road dualization to expedite the project.
This directive was given by the Minister of Works, Senator David Umahi, during a meeting with MTN, the Enugu State Government, and the contractors, RCC Ltd and Nigercat Ltd, on Friday.
According to a statement released on Friday, the minister said he is disappointed over the slow pace of work on the project, he said, “Let me express my disappointment over the slow pace of work on that project. It is one of the worst roads in this country.
“Everywhere we have diversion; diverting from the one that RCC and Nigercat had completed, the contractors are not kind enough to even put stone based on the diversion points.”
He added, “So, by the reason of the launching of our Operation Free our Roads, it is now a violation of the policy on the side of the controllers and directors of the Federal Ministry of Works where we have vehicles falling on any project that is ongoing or where there are potholes on our roads.”
He also blamed the sufferings of road users on the lack of commitment and insensitivity of the contractors.
“The public must know that the President’s intention is not for them to suffer while trying to fix the roads, and it is their right to insist that contractors should fix the roads that they are engaged on,” he said.
The Minister commended the Enugu state government for their resolve to fund the construction of a 20 KM section of the road and expressed hope that MTN would execute the second phase of the project.
He noted, “Why the Enugu State government is intervening is because of the slow pace of work by the contractors and because of funding issues. The essence of tax credit is for funds to be made available. And so, I don’t see RCC going to keep their promise to finish this project in 6 months.
“My advice to MTN is to look for another contractor within that axis if they want to get the job done. Division of labour is even the best. While they are doing the road, and if Nigercat is doing a good job, you can give them greater scope to do if you want to finish that job.”
He warned contractors that the Federal Government would not accept phased handovers of projects and has phased out Variation of Price in contract administration.
The Ekiti State government has intervened to resolve a longstanding land dispute between the Elepe of Epe-Ekiti, Oba Ayodele Adesoye, and the Atolagbe family. The government cautioned against the misuse of modernization as an excuse to disregard traditional customs.
In line with the community’s traditions, the government has ordered the release of resources, including palm trees at Oko Oba Farmland, to Oba Adesoye for his administration. This decision ensures the continued adherence to age-old practices.
Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye, announced the resolution in Ado-Ekiti. The decision was made after considering the Elepe’s claim to Oko Oba Farmland based on historical evidence.
Mrs. Afuye acknowledged the Elepe’s right to be the custodian of Oko Oba Farmland, citing longstanding traditions that support his claim. The decision reflects the importance of respecting historical practices and ensuring their preservation.
The deputy governor, however, told the monarch in clear terms that other princes and princesses from all the three ruling houses should be allowed to farm on the land without payment of royalty.
Mrs Afuye appealed to the community to comply with the government’s position to restore unity, peace and orderliness to the beleaguered community.
Oba Adesoye expressed gratitude for the government’s decision and pledged to foster peace and unity between the throne and the community, aiming to accelerate Epe’s development.
Representing the Atolagbe family, Dr. Yemi Agbeleoba acknowledged their willingness to cede Oko Oba Farmland to the monarch. However, he emphasized the need for all three ruling houses to participate for a lasting and traditional solution.
Agbeleoba expressed appreciation for the government’s directive, believing it will contribute to resolving the long-standing conflict.
-
News2 years agoA TENANT IS NOT ENTITLED TO REFUND OF RENT WHERE HE UNILATERALLY SURRENDERS TENANCY
-
News2 years agoHOW PASTOR ASHIMOLOWO BECAME BIG IN REAL ESTATE
-
General2 years agoSeven Most Popular and Influential Young Real Estate CEOs in Nigeria
-
News1 year agoUnderstanding the importance of a certificate of occupancy in land ownership
-
News1 year agoBig C Properties Boss, Aforjama to be Honored as Anambra Real Estate Person of the Year
-
News2 years agoLAND TITLE VERIFICATION EXERCISE IN OGOMBO
-
News2 years agoRevolutionPlus Property Unveils New Executive Management Team
-
News2 years agoLagos socialite accused of unlawful demolition of N800 million property