Property show records sales worth Dh20b

Dubai: The International Property Show (IPS) 2008 generated Dh20 billion in sales revenues over its three-day run here.

According to organisers of the show, Strategic Marketing and Exhibitions, IPS had 35,000 visitors and witnessed the biggest sales revenues in local, regional and international real estate in history.

Local exhibitor, Snasco registered sold 60 per cent of its Sharjah Investment Centre. Fakhruddin Properties sold Dh1.4 billion worth of residential units. Al Mazaya registered 95 per cent sales for its Queue Point project and Baraka Investments witnessed 75 per cent sales for its Crimson Court project.

Omar Mashabi, general manager of Sharjah Investment Centre, SNASCO said, "Our participation in the event helped us extend our network to European and Asian nations."