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Cityscape Abu Dhabi 2017 in record space sell-out

ABU DHABI, January 31, 2017

Record investment deals on the show floor of Cityscape Abu Dhabi in 2016 have resulted in more than 90 per cent of the show floor space being already sold for this year’s event, according to the organisers.

With sales permitted directly from exhibitor stands for the third year running, in accordance with the rules and regulations administered by the Abu Dhabi Urban Planning Council (UPC), a host of new property developers have confirmed their participation at the three day event, amid numerous reports that the UAE real estate market will witness positive sentiment in 2017, they stated.

Cityscape Abu Dhabi will span more than 18,000 sq m of dedicated exhibition space this year, providing an unrivalled platform for local and international developers to launch and showcase projects across the residential, leisure, retail and hospitality sectors, said the organisers.

Aabar Investments, Abu Dhabi Capital Group, Hydra Properties, Tiger Properties and Ras Al Khaimah Properties will all have a major presence for the first time at the 11th edition of the UAE capital’s largest property showcase, which returns from April 18 to 20 at the Abu Dhabi National Exhibition Centre.

They will be joining the major property powerhouses returning to the show, including Platinum Sponsor Manazel Real Estate, Aldar Properties, Eagle Hills Properties, Tourism Development & Investment Company (TDIC), Bloom Properties, Eshraq Properties, Wahat al Zaweya and Azizi Developers.

Dispelling concerns over the property market slowdown witnessed in 2016, and with the help of the new property law introduced last year which improved transparency and security when buying properties in the UAE, Bloom Properties reported that by the close of Cityscape Abu Dhabi 2016, 70 per cent of units in its newly launched project, Faya, were sold from the stand; some 20 per cent increase on the company’s forecasted sales ahead of its participation.

“The response from developers, financial institutions and other major organisations taking part in Cityscape Abu Dhabi this year has been the strongest we have experienced in recent years, and there is a definite sense of optimism for 2017 among our participants,” remarked Carlo Schembri, the exhibition manager at Informa Exhibitions, the show’s organisers.

“We expect to see a number of new launches revealed on the opening day as well as new phases of existing projects released for sale throughout the three day show. The event will give visitors the only overview of the full Abu Dhabi market, with a chance to find out what is offering the best return for investment,” stated Schembri.

The show will see the return of the Cityscape Abu Dhabi Conference featuring a range of unique topics and speakers providing valuable insight into the capital’s real estate market.

The agenda will explore emerging trends that are redefining investment opportunities in the UAE capital, with a particular focus on upcoming iconic hospitality, entertainment, retail and leisure projects.

Keynote presentations will be delivered by David Dudley, International Director and Head of Abu Dhabi Office, JLL, and Omar Al Busaidy, Abu Dhabi Experience Development Unit Head, Tourism and Culture Authority Abu Dhabi.  

A panel session called ‘Destination Abu Dhabi: establishing an attractive hub for local and international real estate investors’ will explore tourism, culture and hospitality opportunities in Abu Dhabi and is expected to be a big draw for conference delegates with confirmed speakers from Aldar Properties and the Tourism and Culture Authority Abu Dhabi, said the organisers.

The programme will conclude with another high level discussion on how free zones are fostering the investment environment, with confirmed speakers including senior leadership from Masdar Free Zone, TwoFour54 and Bloom Properties, they added.-TradeArabia News Service




Tags: property | real estate | expo | Cityscape Abu Dhabi |

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