Home / Knowledge / News / Textiles / GCC property boom drives fine Art Collecting
GCC property boom drives fine Art Collecting
16
Jan '08
The construction boom taking place across the Gulf has created strong demand for art and antiques collection, according to industry sources.

The building of five million new housing units across the Gulf is essential to meet the needs of the growing number of national residents and rising influx of expatriates. The UAE alone has seen 44,000 new housing units completed in 2007.

The vast majority of the homes are priced in excess of USD 500,000, with up to 20 percent of new homes priced at or beyond the USD 3 million mark.

These new home owners, many of whom own multiple homes, look to decorate them to a very high standard and often work with multiple international galleries in establishing collections.

“After all of the extraordinary architectural development, the focus on interiors will be next, making this an ideal time to launch 'Art & Antiques Dubai' ” said Giles Haughton, Event Director.

“It is an exciting part of the world with its proximity to rapidly developing GCC neighbors, as well as the Indian sub continent. We are pleased that many of the world's top dealers will be participating.”

Ronald Phillips Ltd of London, one of the world's most prestigious antique dealers, specialising in the finest 18th and 19th century English furnishings, has joined the already impressive exhibitor line-up at Art and Antiques Dubai.

Simon Phillips, who has run the business for the past 12 years since taking over from his father, with be leading his team in Dubai.

Commenting on Art and Antiques Dubai, Simon Phillips said: “The show affords us an ideal opportunity to meet more intimately with new and existing buyers.

And, having exhibited previously with the Haughtons, we are certain that the event will be of the very highest calibre.”

Must ReadView All

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search