The first International Property Show Moscow 2008, organizaed by Strategic Marketing and Exhibitions, will take place in the Crocus Expo Center from November 10-12. The show is expected to attract some of the leading experts from both Russia and the Middle-East.
The Russian real estate market attracted a record investment of $4.2 billion last year. With the global financial crisis wreaking its havoc, however, the market has dramatically slowed. Some projects have even been put on hold. So part of the conference will be devoted to the Russian market.
Another section will focus on international markets, particularly in Panama, Thailand, Bulgaria and the UAE. The moderator Pier Cassani was keen to point out the similarities between Russia and these countries.
"Both the UAE and Russia are promising markets in terms of real estate development," he told The Moscow News.
Russian developers already enjoy a major presence in the Middle-East. Dawood Al Shezawi, managing director of Strategic Marketing and Exhibitions, appeared confident this will strengthen.
"Further to providing an opportunity for Russia-based developers to market their offerings to a high net worth group of international investors, the event will highlight the significant presence of Russian investments in the Middle East and other established real estate hubs."
The conference will include a presentation on legal issues by senior lawyer Elena Kanavina. Ecological issues are also expected to be covered extensively, with two speakers from the Faculty of Ecological Engineering at the Federal University of Moscow. Major developers will be in attendance, as well as many exhibitors from the Middle-East. Organizers expect 10,000 visitors during the 3-day event.