Thursday, May 25, 2006

New UAE property laws - a shot in the arm for carpet manufacturers


The new UAE property laws are a shot in the arm for local and international carpet and floor covering manufacturers. Newly built hotels, shopping malls and office complexes have fuelled demand for products ranging from silk rugs to marble tiles.

Imports of carpets into the UAE have increased by more than 30 percent since 2002 and contributed to an overall import value of furniture and other household items which hit Dh3.7 billion in 2004. And new property law issued in the UAE are expected to pull these figures to new heights.

“Companies in the flooring sector can see that there is huge business potential here,” said Susanne Klaproth, of Deutsche Messe AG, the company that is organising Domotex Middle East trade fair for carpets and floor coverings.

“Since foreigners were first permitted to own property in the UAE, the market has witnessed a boom in interior room design, with the emphasis on individual style statements and high quality.” In the UAE, floor coverings especially laminate and wooden floorings, are more popular than carpeting. Domotex Middle East trade fair will be the biggest first-time show unveiled in Dubai and will feature 241 exhibitors – 86 percent of which will originate from overseas countries.

Participants from Turkey and the UAE are dominating the floor space, followed by Germany and India . Organisers say high demand forced to them to increase the original display area from 12,000 square metres to 14,000. The event would be the first staging of the Domotex trade fair in the Middle East and the second outside country of origin Germany.

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