Moscow property show to promote $ 4.2 bln real estate market in Russia

The Russian real estate market set an all-time investment record of over USD 4.2 bln in 2007, due to the increase in international players entering the market and the growing activity of local investments. In a bid to leverage the rapidly growing market, Strategic Marketing & Exhibitions, organizers of the International Property Show in Dubai, and Trade Mate, are launching the Moscow International Property Show in October 2008 with participation of leading developers from Russia, its neighboring countries and the Middle East.

The unprecedented rise within the properties market in Russia has been attracting more and more local individuals, companies and banks to invest in real estate, which is currently being considered as one of the most attractive and profitable investment today. An investor’s profits from real estate operations, depending on the type of investment, could vary from 8.5% to 35% per year. Real estate is also one of the three biggest contributors to Russia‘s economic ascend, charting a continuous growth within five consecutive years, which has reflected growth of up to 70%.

“The upward momentum, which the Russian real estate market is currently taking, has inspired us to extend the advantages of a definitive and highly organized avenue such as the International Property Show, which has significantly propelled the real estate sector of the UAE to this new and potential-laden market,” said Dawood Al Shezawi, Managing Director, Strategic Marketing & Exhibitions.

“The steadily growing number of investments from the Gulf to this market attests to its promising potential, which is expected to further grow in the coming years.”

Set to occupy more than 5000 sq. meters, Moscow International Property Show 2008 will be the largest exhibition of investment projects in Russia. The event seeks to provide an effective platform for developers to showcase their property offerings to a wide range of high potential global investors.