Cityscape Global, the Middle East’s largest property showcase scheduled to run later this year in Dubai, UAE, has reported a 30 per cent growth in exhibition space, marking a continued confidence in the emirate’s real estate market.

The event takes place from September 8 to 10 at the Dubai World Trade Centre.

It will also feature by two additional exhibition halls – four more halls since the 2013 event – covering more than 40,000 sq m of exhibition space.

While the 14th edition of the event prepares to host more than 300 exhibitors, global property experts, JLL’s Q1 2015 residential market overview has reported the delivery of approximately 730 residential units across Dubai.  

An additional 22,000 residential units are expected to enter the market by the end of 2015, another 13,000 units in 2016 and 10,000 units in 2017, reinforcing the sentiment that the UAE’s real estate sector is continuing to grow at a sustainable rate as the demand for housing rises.

According to JLL, a combination of governmental regulatory changes implemented in the last year across the region has ensured market conditions in the residential sector remain stable.

Headline exhibitors returning for 2015 include Emaar, Dubai Properties, Dubai World Central, Meydan, Meraas and Nakheel while first-time exhibitors include Kleindienst Group, Dubai Multi Commodities Centre (DMCC) and Al Barari.

Majid Al Futtaim Properties, another newcomer to the event, will showcase its major community projects, displaying three amenity-rich neighbourhoods that can accommodate people’s modern lifestyles where they can live, work and play, and even learn in the same place.  These community developments are Al Zahia in Sharjah, UAE, Waterfront City in Beirut, Lebanon, and The Wave Muscat, Oman.

Simon Azzam, CEO, Majid Al Futtaim Properties Communities Business Unit, said: “Today’s modern families want to live in sustainable living environments designed for life-long value, where owners, residents and tenants will feel the added value.

According to Azzam, the past 10 years have witnessed a huge demand by homebuyers across the regional real estate market for gated mixed-use residential communities, with the aim to develop and deliver premier development opportunities in the region.

Majid Al Futtaim will provide commercial returns through delivering superior quality retail, hospitality, leisure, business and community offerings within an attractive, contemporary and diverse destination.

Wouter Molman, director of Cityscape Group, said: “The demand for exhibition space has been remarkable and as such, we have increased the floor area and adjusted the lay out to ensure visitors can conveniently navigate their way around the venue.  

“The need to add two additional halls this year has stemmed from both new exhibitors as well as previous exhibitors requesting larger stands to accommodate their existing and new projects which will be showcased to thousands of visitors in September.

“In 2014, we welcomed more than 47,000 participants; a 42 per cent year-on-year increase. With Cityscape Global set to be the largest it has been for six years, we expect a very strong turnout of visitors from all over the world, as they look to maximise their investment potential in this lucrative market.”

Also new to Cityscape Global is a complete overhaul of the co-located conferences, now taking place the day before the exhibition. The dedicated convention will bring together more than 800 senior real estate professionals who will explore opportunities and find solutions to key challenges affecting the industry today.

The Facilities Management conference, jointly organised with Middle East Facilities Management Association (Mefma), and the Real Estate Brokers will run alongside the ‘Dubai Market Overview’ on September 7 at the Conrad Hotel, Dubai.

Also running in tandem with the exhibition is the Cityscape Awards for Emerging Markets. The awards programme attracts hundreds of entries from developers and architects behind real estate developments across emerging markets globally. Winners will be announced at an elaborate ceremony taking place at the Conrad Hotel, Dubai on September 8. - TradeArabia News Service