Dubai Land Department (DLD) confirmed that the first International Property Awards (IPA) program, created specifically for the Dubai property market, will be launched in 2018.
The International Property Awards Dubai (IPAD) will be presented in various categories related to the real estate sector, from architecture and interior design to compliance with the principles of environmental construction.
It will help to develop real estate sector and to stimulate the best innovative solutions of its participants in this sphere.
Participants will be able to compete locally, regionally and internationally, and it will allow to promote the UAE real estate projects around the world. It will be also helpful in attracting investors looking for exceptional opportunities in a stable market with guaranteed return on investment in addition to the unique characteristics of Dubai, making the emirate one of the leading destinations for investment.
The agreement was signed just two years before the start of Expo 2020, where Dubai will showcase its outstanding projects. IPA laureates will be evaluated at international or 5-star levels. Winners in the second category will continue to compete at the regional level and will also be able to take part in the international standings, the results of which will be announced at the end of the year in London.
Stuart Shield, CEO of IPA, said: “Cooperation with DLD marks a new stage in the development of the IPA program, and we can not wait to get started with the department. We hope this will allow more participants from Dubai to compete for international awards. ”
More than 80 industry experts are in the independent jury.
The professionals in the field of housing and commercial real estate from any country of the world have opportunity to participate in the IPA. It will allow to distinguish the winners, best in architecture, interior design and real estate construction.