Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Cityscape Abu Dhabi expects double digit growth in exhibition space as real estate market stabilises

UAE capital’s largest property showcase set to welcome more than 130 exhibitors as demand for housing continues to grow

Abu Dhabi, UAE, 17 February, 2015: This year’s Cityscape Abu Dhabi is gearing up to host more than 130 exhibitors over 18,000sqm of exhibition space, with an expected double digit increase reflecting the steady growth of the UAE real estate market.

According to the ‘Q4 2014 Abu Dhabi Real Estate Market Overview’ report by global property experts JLL, rental rates will continue to rise at a steady pace throughout 2015, with the demand for housing still increasing due to low availability across all price points.  This is welcome news for both investors and home buyers who are able to take advantage of low interest rates of approximately 2% on loans.

The current stability within the market bodes well for the dozens of leading property developers who are set to descend upon the 9th edition of Cityscape Abu Dhabi, which takes place on 21-23 April 2015 at the Abu Dhabi National Exhibition Centre (ADNEC).

Wouter Molman, Director of Cityscape Group at Informa Exhibitions, the organisers of Cityscape Abu Dhabi, said:  “The event turned a corner in 2014 as we saw over 17,000 attendees over the three days; a 15% year-on-year increase. This year, we are forecasted to grow by over 15 per cent again, as registered exhibitors have already reached higher numbers than in previous years, enabling us to add an additional hall to the show.

“Investor confidence is still on the rise and we predict that this year the majority of our visitors will be coming from not only Abu Dhabi but the rest of the GCC as well.”
 
The annual UAE Market Report 2014, published by Bayut.com, further underlined the stability of the real estate industry, revealing a renewed confidence in the property sector in both Dubai and Abu Dhabi.

“A decade from now, when looking back, 2015 will be the year that the Emirate’s real estate market started to truly mature,” said Haider Ali Khan, CEO of Bayut.com.  “Construction activity is picking up pace again thanks to the revival in real estate developments and infrastructure projects.

“The recovery in real estate prices, a bounce in bank financing for construction and the return of off plan sales have motivated developers to resume projects that were on hold in both Abu Dhabi and Dubai.”

In addition to the capital’s key developers and banks, Cityscape Abu Dhabi will see new participants such as Eagle Hills Properties, as well as returning organisations including Aldar Properties, Tourism Development & Investment Company (TDIC), Al Forsan, Bloom Properties, Manazel, Mubadala,  Reem Developers and TMKN.

Other exhibitors at Cityscape Abu Dhabi include Platinum Sponsor Wahat Al Zaweya and VIP Sponsor Ejadah Asset Management Group, while a strong international contingent is led by major developers from Turkey, Jordan, Russia, UK and USA.

The ‘Abu Dhabi Market Overview’ Forum returns on the opening day (21 April), and will be hosted in collaboration with JLL after a successful launch edition last year.  The half day Forum will draw attention to the Emirate’s latest trends and initiatives, including future developments and anticipated new real estate regulations. 

Posted by : GoDubai PR Dept, -
Viewed 13481 times
PR Category : Real Estate & Retail
Posted on : Tuesday, February 17, 2015  11:09:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to

Related Stories


 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [7577-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [4174-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [3546-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2911-Views]
Introducing the Marks & Spencer Summer Edit [2907-Views]
Ralph Lauren: How to master the art of tie-dye. #RLatHome [2878-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across... [2710-Views]
Emirates Sets Industry-leading Safety Standard for Customers Travelling as It Resumes Oper... [2702-Views]
OMEGA Adds Full Gold Models to The Speedmaster 38 mm Collection [2546-Views]
Dubai Customs and Omani Counterpart Discuss Post-Covid19 Era [2505-Views]
UAE Develops a Rapid Coronavirus Laser Testing Technology [2480-Views]
The Heart of Europe Takes Shape as the Ultimate Sustainable Island Tourism Destination in ... [2300-Views]
VFS Global Joins Nation's Biggest Community Campaign; Donates to the 10 Million Meals Init... [2194-Views]
Mubadala Supports the Fight Against COVID-19 by Leveraging Its Assets' World-Class Capabil... [2087-Views]
Union Coop Al Barsha – 3 Commercial Center 40% Complete [2066-Views]
Trina Solar Publishes Its Vertex Module Technology White Paper, Unveiling a Brand New Tech... [2058-Views]
Aster DM Healthcare Launches ‘Our New Earth' Microsite to Coach People to Transition to th... [2046-Views]
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair [1964-Views]
Samsung Brings Unparalleled Offers to Tech Enthusiasts This Eid [1952-Views]
INFINITI of Arabian Automobiles Launches Exclusive Eid Rewards Campaign [1939-Views]
Renault of Arabian Automobiles brings you Trade-In Super Sale for Eid [1939-Views]
IATA COVID-19 Middle East and Africa Update Today at 12 PM [1894-Views]
Special Edition Jaguar XE, XF & Range Rover Vogue Vehicles Arrive in UAE [1763-Views]
SALAMA Announces AED 13.65 Million Profit for Q1 2020 [1755-Views]
Celebrate EID with Special Offers on HONOR Smartphones [1751-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories