Ninth edition of UAE capital’s leading real estate event returns with new features and highlights across 18,000sqm of exhibition space
Abu Dhabi, UAE, 20 April, 2015: A significant increase in pre-registered visitor numbers at Cityscape Abu Dhabi 2015 has highlighted the positive sentiment that now permeatesthe UAE capital’s real estate industry.
Opening its doors tomorrow (21 April) for the 9thconsecutive year, Abu Dhabi’s most prominent real estate showcase is set to welcome a significantly increased number of visitors. Informa Exhibitions, organisers of the event, has confirmedpre-registration is up by 26 per cent against the same time last year and is the largest number since 2010.
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 three day show will welcome more than 130 exhibitors to the Abu Dhabi National Exhibition Centre (ADNEC).
Showcasing their latest developments and property launches, exhibitors will be eager to network with thousands of institutional and private investors, government authorities, architects, and seniorlevel professionals involved in real estate developments across the Middle East.
The General Housing Company for Investment and Development (GHC), a unit of Beirutbased developer Karam Holdings, is launchingtheir latest phase of Sky Gardens, a new residential project in the marina area of Reem Island, Abu Dhabi.
ZiadChabtini, Chief Operating Officer of GHC, said: “Our decision to launch this critical phase of Sky Gardens is a direct reflection of our trust in the steady growth of the UAE real estate market and Cityscape Abu Dhabi is the perfect platform to reach out to the public and maximise our exposure.”
Wahat Al Zaweya will likely be a popular stand for visitors as they launch their ARYAF eco-friendly project, located in the centre of the UAE. Consisting of villas for Emiratis-only, the sustainable project promotes smarter energy usage and aims to reduce the negative impact on the environment, sustain the growth in the housing sector and improve the lifestyle of individuals.
Exhibiting for the first time at the show, Abu Dhabi basedprivate real estate investment and development company, Eagle Hills will also showcasetheir latest development, international smart city riverside project,Belgrade Waterfront, located in Serbia.
Working with regional governments to adopt Property Measurements, the Royal Institution of Chartered Surveyors (RICS) will be available on the exhibition floor to discuss the role which the Valuation International Standards can play in mitigating market risk and attracting worldwide investment.
Wouter Molman, Director of Cityscape Group at Informa Exhibitions, the organisers of Cityscape Abu Dhabi, said: “The year-on-year growth in pre-registered visitors so far at the show is a strong indicator of how the Abu Dhabi real estate market has been performing over the last 12 months.
“With property prices and returns in the UAE capital linked to supply and demand, the implementation of the government’s Abu Dhabi 2030 Plan is ensuring a constant influx of people into the region by creating a number of jobs for international workers.
“According to JLL and Colliers, just 18,000 units are due to come online in 2015 and 2016, an increase of 2.8 percent per year, leaving a shortfall of more than 50,000 units. This further highlights the demand for housing and why now is a safe time for investment in the market.”
This year’s edition underlines a strong international feel with growing participation from Turkish exhibitors, as thousands of visitors, investors and developers from around the world prepare to descend upon the show. Other countries represented include Cayman Islands, Egypt, Jordan, Lebanon, Kuwait, Latvia, Nigeria, Portugal, Serbia, Thailand, United Kingdom and United States.
Key highlights for this edition include theAbu Dhabi Market Overview forum tomorrow (21 April), jointly organised with JLL and supported by Masdar City,returning for its second timeafter a successful launch 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.