Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
UAE population divided as Emiratis pay for property in cash but expats rely on finance

Thousands of developments set to be launched at 9th edition of Cityscape Abu Dhabi as real estate market remains stable

Abu Dhabi, UAE, 19 April 2015:  Nationality has proved to be a significant factor in determining how investors pay for their properties, as a recent study reveals Emiratis, unlike expatriates, opt for cash over finance.

With 54% of Emiratis preferring cash or cheque payment compared to other nationality groups such as Westerners (27%), Arab expats (37%) and Asians (39%), the survey conducted by global market research company YouGov is revealed as thousands of properties prepare to be launched and showcased at Cityscape Abu Dhabi next week.

The 9th edition of the UAE capital’s largest property show, Cityscape Abu Dhabi will welcome more than 130 exhibitors from around the world to the Abu Dhabi National Exhibition Centre from 21-23 April.

The three day event is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

The study also reveals that 85% of property owners are more likely to be aged over 50 years old, and that overall, location is key when investing in the real estate market. Properties near retail shopping malls are the most attractive and in demand (51%), followed by those close to beaches, public parks and mosques according to 308 residents in the UAE.

YouGov’s UAE Managing Director, Kailash Nagdev commented, “The study highlights continued confidence in the local real estate market with three-quarters of first time buyers preferring to purchase properties in the UAE.  However customers are looking to invest in more than just a residential unit, which is challenging developers to come up with innovative investment propositions and attractive mortgage schemes to make them affordable for those making their first step onto the property ladder.”
Official Mortgage Provider Abu Dhabi Finance will be joined by five other banks offering competitive mortgage rates and advice at Cityscape Abu Dhabi.  These include National Bank of Abu Dhabi, First Gulf Bank, Saxo Bank, Jordan Kuwait Bank and Egyptian Arab Land Bank. The exhibition has grown by 15% since 2014, and will cover more than 18,000sqm of exhibition space.

Leading real estate broker, Nationwide Middle East Properties LLC will be launching Aabar’s latest development at the event, which is a signature living tower project of 29 floors with 360 degree views and set to be completed by early 2016.

Ameen Al Qudsi, CEO, Nationwide Middle East Properties LLC said:  “Due to the quality of products delivered by developers and the payment plans offered to investors the demand for housing is still increasing for end-users.

“Removing the 5% cap on rental increases has raised the income and return on investment for individuals who choose to buy, making it a more favourable option than renting.  Governmental regulations have restored investor confidence in the Abu Dhabi real estate market over the last few years and by providing more infrastructures, we have seen a rise in future projects across all sectors.  This pumps a whole new consumer segment into the market which can come from both abroad and local investment,” Al Qudsi added.

After a successful launch edition last year, the Abu Dhabi Market Overview Forum returns on the opening day (21 April), jointly organised with JLL and supported by Masdar City.  The half day Forum will draw attention to the Emirate’s latest trends and initiatives, including future developments and anticipated new real estate regulations.  

Cityscape Abu Dhabi 2015 returns with support from Strategic Partner Department of Municipal Affairs (DMA), Platinum Sponsor Wahat Al Zaweya, Silver Sponsor Farglory, Official VIP Sponsor Ejadah Asset Management Group and Official Mortgage Provider Abu Dhabi Finance.

Posted by : GoDubai PR Dept, -
Viewed 16275 times
PR Category : Real Estate & Retail
Posted on : Sunday, April 19, 2015  6:20:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of
Email this article Print this article

Share this article with your friends and followers
Back to

Related Stories

Most Viewed Press Release posted in the last 7 days
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [10266-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [9650-Views]
Emirates Post Issues Set of Commemorative Stamps for the New Logo for People of Determinat... [9211-Views]
How to Beat Pigmentation with DERMAdoctor [8839-Views]
Introducing Zeitun Premium Face Care Collection [8717-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [8448-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [8369-Views]
Spoil her this Mother's Day with gifts from Marks & Spencer [8345-Views]
Enjoy a Selection of Anti-Aging Products from Beauty Solutions [7607-Views]
Achieve Gorgeous and Radiant Skin in Only 90 Seconds [7412-Views]
Swatch X 007 Introducing the New James Bond Collection and Limited Special Edition [6661-Views]
Ferragamo Sapphire Collection [6381-Views]
Tag Heuer Opens Boutique at Mall of the Emirates [6301-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holida... [6204-Views]
Dubai Chamber Honours Top-performing Trading Companies [6070-Views]
HRH the Prince of Wales Officially Opens the National Automotive Innovation Centre [5844-Views]
Get Great Hair Naturally With HASK's Latest Haircare Collections This Spring! [5624-Views]
HH Sheikh Mansour bin Mohammed Visits Dubai Sports Council [4929-Views]
Mall of Oman Onboards a Host of Global Lifestyle, Fashion, and F&B Brands Ahead of Its 202... [4679-Views]
Marks & Spencer Unveils its All New Menswear [4557-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4355-Views]
Statement Stilettoes from Steve Madden [4197-Views]
Stars Join OMEGA at the Olympia Bob Run in St. Moritz [4191-Views]
Visit of Punjab Minister at Al Maya Stand @ Gulfood 2020 [4136-Views]
Dubai Cares Donates 2,000 Books to Wanna Read? Initiative to Instill the Habit of Reading ... [4130-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories