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Pakistan Property Exhibition To Introduce New Investment Programs In Hopes Of Accelerating Real Estate Growth
(24 September 2017)

 

Pakistan’s real estate and investment assets play a major contribution to the country’s total wealth. Studies show that the combination of the global market size of crowd-funding and real estate is estimated to be over $11 trillion while Pakistan’s real estate assets alone is estimated to be worth $700 billion.

Industry experts believe that factors such as federal budget, law amendments and the introduction of the Real Estate Investment Trustinfluenced the advancement of the industry. According to reports, investors have pulled out money from several banks in Pakistan after the introduction of 0.3 to 0.6 percent withholding tax on filers and non-filers on tax returns. These components, along with the rise of safe property investment bets in various parts of the country and abroad, encourage Pakistanis and Non-Resident Pakistanis (NRPs) to invest in valuable long-term investments compared to short-term purchases.

Pakistan’s real estate industry continues to evolve as companies try to resolve real estate complexities in order to increase its growth. With the price range crossing the mark of PKR 10 million, real estate agents are slowly shifting its target to the upper middle class. Likewise, several real estate sectors have stepped up to introduce entry-level investment schemes for aspiring investors to own a small stake in a managed residential and commercial property.

This year’s International Real Estate & Investment Show brings the 3rd Pakistan Property Exhibition in Abu Dhabi. The specialized event, held with the support of the Pakistan Embassy, Pakistan Business Council and Pakistan Association Dubai, showcases the country’s leading developers and realty agents under one roof to showcase the best options for investment, provide spot sales and learn about the leading insights into the market. Visitors can expect the properties from cities including Islamabad, Lahore, Karachi, Gwadar, Gujranwala and many more.

“Studies have continuously shown new global trends that the real estate market in Pakistan is tapping into. Apart from new demographic movements, Pakistan has also witnessed a heavy intercity migration over the last 5 years due to security and economic benefits that specific cities offer,” said Antoine Georges, Managing Director of Dome Exhibitions. “The International Real Estate Exhibition Show enables Pakistanis to secure homes and investment properties in their country by bringing the opportunities to them through the Pakistan Property Exhibition. The specialized pavilion aims to attract more than 10,000 Pakistani investors from the UAE.”

“The 3rd Pakistan Property Exhibition is the perfect venue for NRPs and High Net Worth Individuals (HNWIs) to find the right investment opportunity without having to bear the expenses of travelling to Pakistan. Visitors can anticipate expertly advices from Pakistan’s leading developers and real estate agents who will guide them throughout the entire purchasing process,” continued Georges

Additionally, thousands of international Pakistani investors are valuable with their contribution to the economic investment growth in the Asian, European and American region. Significant groups of Pakistani investors in the market consist of expats living in the UAE and the GCC region. According to the Dubai Land Department, Pakistani investors are the third largest investors in the UAE real estate, with over AED 3 billion invested during the first half of 2016.Dubai holds the major interest of Pakistani investors due to its high rental yields ranging from 8% to 10%. Among the Pakistani investors, politicians, bureaucrats and genuine buyers have contributed in lifting properties in Dubai.

Held in the Abu Dhabi National Exhibition Center from 2nd of November until 4th of November, The International Real Estate Exhibition Show, through the specialized Pakistan Property Exhibition enables Pakistan’s realty giants such as DHA, Model Housing Lahore, New Lahore City and Bahria Town to showcase the latest properties available for aspiring buyers. Real estate and investment companies will also have the chance to market their products to Pakistani investors through well-tailored marketing strategies made available by marketers such as Athar Marketing, Star Marketing, Midas Group and Q&A Marketing and more.

Likewise, the exhibition serves as the largest networking venue in the country where top executives, regional and international investors, investment promotion authorities and developers will have the chance to meet and interact in the Investors Meet Zone, Foreign Direct Investment and the International Conference.



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