Dubai Properties, the leading real estate developer in the UAE completed a successful showcase of its groundbreaking projects at the MIPIM 2006, the world’s largest real estate event taking place in Cannes, France. The developer of Business Bay and Jumeirah Beach Residence had a strong presence at the event, where it unveiled its new project, the Vision Tower, to international buyers.
“We aim through our participation in this unique to introduce the Vision Tower at Business Bay to the international and European investors, as MIPIM is considered one of the most respected events in the real estate industry,” stated Hisham Al Dabal, Chief Executive Office of Dubai Properties.
The Vision Tower will be Dubai Properties’ first standalone office tower. It is one of the very few freehold office towers available in the city and it occupies the best possible location in the upcoming commercial and residential hub of The Business Bay. It will offer 500,000 square feet of prime space in 51 storeys of transparent glass allowing clear two-way views and making for an unconventional and iconic structure.
MIPIM 2006 took place from March 14 to 17 in the Palais des Festivals Cannes, France. It brings together key industry decision-makers from around the world, allowing them to establish long-lasting relations, to present new projects, and to lay the foundations for fruitful collaboration. The Cannes event is the biggest property and real estate retail show in Europe. It attracts exhibitors from all over the world wishing to attract European buyers.
The number of key industry figures attending the market grows every year. Last year's MIPIM 2005 covered an impressive 18,251 square meters of exhibition space. It had 17,641 participants from 74 countries, and 2,051 exhibiting companies.
Dubai Properties stand at MIPIM received a steady stream of international investors and European buyers who were exploring investment opportunities in Dubai. The developer’s international business development department has been strategically promoting the variety of projects handled by the company including The Villa in Dubailand, Jumeirah Beach Residence and the iconic Business Bay development, which was the focal point of the entire event.
“While the residential market is popular among investors, it is the commercial market that is drawing investors in. Dubai’s reputation as a world class trade and finance hub is attracting foreign direct investment and it is this sector which is seeking corporate addresses in developments like Business Bay,” commented Al Dabal.