They are expected to spend around $1.5 billion in the Dubai property market and will be wooed by developers at the first prime real estate property show in Moscow later this year.
The International Property Show Moscow, from November 10th to 12th, is blatantly aimed at attracting major Russian investors to Dubai. It will target high net worth individuals, commercial and residential investors and specialized visitors from the Russian property industry.
'The high potential of Russian-based investors to make large scale investments into the booming Dubai real estate market has prompted us to bring the International Property Show to their market,' said Dawood Al Shezawi, Managing Director, of organisers Strategic Marketing & Exhibitions.
'We are expecting investors, property dealers, real estate agents, property owners, contractors, constructors, portfolio managers and solution providers to take advantage of the outstanding opportunities that abound this inaugural event, as well as the vast expanse of personalised services related to the real estate sector, which will be highlighted by leading regional and global companies,' he added.
It is expected to welcome over 100 exhibitors and more than 15,000 trade visitors, making it the biggest transactional trade and public property exhibition in Russia. In addition to a wide selection of high potential investment opportunities, the event will also witness a showcase of a full spectrum of services in commercial, residential and holiday properties, as well as industrial projects.
Russian investors are fast becoming among the biggest segment of investors and buyers in the GCC real estate market. Recognising the attractive prospects in the Dubai real estate market, over 800 Russian investors have bought both commercial and residential properties in the emirate in the last few years.
'We are looking forward to providing a platform where participants can establish strong personal relationships with worldwide players in the property and investment markets,' concluded Al Shezawi.
