Tweet
Free Zone creation and transparency will ensure growth of UAE capital's real estate sector

Free Zone creation and transparency will ensure growth of UAE capital's real estate sector

10.03.2017: Cityscape Abu Dhabi Conference speakers discuss new investment opportunities as foreign interest continues to rise

Cityscape Abu Dhabi Conference speakers discuss new investment opportunities as foreign interest continues to rise




photo caption:  Cityscape Abu Dhabi Conference panellists will gather on the opening day of Cityscape Abu Dhabi, 18-20 April at ADNEC




Improving the transparency of the market and creating free zones will be key to attracting foreign investment into the Abu Dhabi real estate sectors says industry expert.



With the growth of Foreign Direct Investments (FDIs) in the Emirate increasing by 7% last year according to the Statistics Centre – Abu Dhabi (SCAD), the government is making extensive efforts to improve standards, regulations and buying opportunities, motivating foreign companies and individuals to continue investing in the local economy.



Supporting the creation of new investment environments will be one of the key topics debated at the Cityscape Abu Dhabi Conference next month, taking place on the first day of Cityscape Abu Dhabi, which runs from 18-20 April at the Abu Dhabi National Exhibition Centre (ADNEC).



With more than 25 free zones in Dubai, compared to Abu Dhabi’s five, Craig Plumb, Head of Research at JLL and moderator at the conference, believes the concept of free zones needs to be developed further to enhance the capital’s residential, office, commercial and warehouse real estate sectors.



“The concept of free zones is more advanced in Dubai and in order to redress this balance between the two emirates, Abu Dhabi needs to develop its existing free zones more aggressively and consider launching additional free zones for those industries that it seeks to promote under the 2030 vision, said Plumb.



“Free zones will attract additional investment and employment as they create hubs of similar activities and generate a simplified regulatory environment, with lower operating costs and greater freedoms.



“Currently the market is going through a cycle, which is perfectly normal for any real estate industry worldwide. For buyers who are looking at the property sector as a long term investment now is the perfect time to buy. 



As the UAE market grows and matures the volatility of the sector will decline, making returns more stable and predictable, which in itself will attract more investors,” added Plumb.





The Cityscape Abu Dhabi conference, hosted in collaboration with JLL, will also explore emerging trends that are redefining investment opportunities in Abu Dhabi’s hospitality sector, with a particular focus on upcoming landmark projects that are creating new avenues for stakeholders and investors.



Omar Al Busaidy, Abu Dhabi Experience Development Unit Head at Abu Dhabi Tourism & Culture Authority will deliver a key note speech and provide an exclusive insight into destination Abu Dhabi and how building new investment hotspots and creating long term management prospects is key to creating an attractive hub for local and international real estate investors.



“Partnership with the private sector is one of the guiding principles in our tourism growth strategy, and the development of a set of distinct districts with clear value propositions for tourists across all three regions of the Emirate focusing on cultural, leisure and nature offerings has been identified as core deliverable to achieve this,” said Al Busaidy.



“Implementing a zonal tourism development model to develop attractions and experiences in harmony with or emphasising the area’s business, geographical or natural assets acts as a catalyst for SME business development opportunities and our Tourism Investment Promotion service allows us to foster partnerships between international investors and local entrepreneurs.”



David Dudley, Regional Director of JLL and headline speaker at the Cityscape Abu Dhabi Conference will reveal the recent performance of each real estate sector for the first quarter of 2017 and discuss the best investment opportunities with key industry players.



“Abu Dhabi’s market experienced a very major upswing from 2013 to 2014, led by the residential sales market, with prime residential prices growing at 25% per annum, the pace of which was unsustainable,” Dudley said.



Cityscape Abu Dhabi will provide the perfect platform for investors to find opportunities across all price points in the region, as well as the latest international developments, as more than 130 exhibitors from around the world come together to showcase their latest projects. 



“Investment opportunities remain, particularly for existing income producing assets – and we continue to see keen interest from investors taking a longer term view on the future growth potential.



Key opportunities are to acquire income producing assets or to enter in to build to suit arrangements with corporate tenants – targeting functional real estate in established locations which will sustain high occupancy levels,” Dudley added.



Other prominent speakers at the conference include Maan Al Awlaqi, Director of Aldar Properties, Mohammed Al Fardan, Director of Masdar City Free Zone, Ann Boothello, Senior Marketing Manager at Dubizzle and Sean Magee, Senior Legal Counsel, TwoFour54.



For the full speaking agenda and more information about Cityscape Abu Dhabi, or to be involved as an exhibitor, sponsor, or visitor, go to www.cityscapeabudhabi.com or call +9714 336 5161.



- Lindsay Johnston, Total Communications Dubai - also photos

Permanent-URL: http://www.automobilsport.com/free-zone-creation-transparency-uae-capital-real-estate-sector---161693.html

10.03.2017 / MaP

More News

Digitalisation and Streaming Entertainment continues to drive massive expansion
09.03.2017
... in region's media marketGlobal Entertainment and Media Market Expected to Hit USD 2.14 Trillion by 2020 Industry Leaders to Discuss New Revenue Streams, Latest Market Developments at 23rd Edition of CABSATT more >>
Sheikh Nahayan Mabarak Al Nahayan presents awards to recognize International Womens Day
08.03.2017
 ‘Humanitarian of the year awarded to young female charity founder for inspiring others to make a difference’International Women’s Day has been celebrated with an hono more >>
Fresh boost for Emirati Job Seekers
08.03.2017
....as Careers UAE sees powerhouse employers opening new doorsWith 250 private firms entering new government Emiratisation initiative  job fair builds on drive to create more career openings more >>
Farmers from around the world descend upon Abu Dhabi for Sustainable Agriculture Programme
07.03.2017
Abu Dhabi Food Control Authority to host farmers at  Global Forum for Innovations in Agriculture Caption:     Abu Dhabi Food Control Authority will host farmers from around the world at the Global Forum for Innovations in Agricultur more >>
Blood donation campaign success for Zulekha Hospital
07.03.2017
Zulekha Hospital wrapped up another successful blood donation campaign on Monday afternoon, with 54 volunteers donating blood at their mobile donation camp.The initiative was organized by Zulekha Hospital in more >>
Sheikh Nahayan Mabarak Al Nahayan set to present World of Women Film Fair awards
06.03.2017
 ‘High achieving women and men in the Middle East will be recognised globally at charity gala dinner’The WOW Film Fair Middle East Charity Gala Din more >>
Local, International brands record positive sales at Dubai Boat Show
04.03.2017
25TH DUBAI INTERNATIONAL BOAT SHOWExhibitors hit the mark by selling numerous vessels and generating business leads Maritime businesses from the UAE and abroad are celebrating positive early sales at the Dubai International more >>
Exhibition of marine-inspired art collection makes world debut at Dubai Boat Show
04.03.2017
Bohemian crystal artworks treasured by Bill Clinton, Elton John, royal families and  Russian oligarchs find major interest among GCC buyers  Nestled among the superyachts and myriad other craft at the 25th Dubai International Boat Show, a unique more >>
Small to mid-range luxury Boat Market lifeblood of the Marine Industry
03.03.2017
Local and international manufacturers use Dubai International Boat Show  as a key platform for boat sales80% of revenue generated by small to mid-sized vessels sales and maintenance,  keeping the market afloat Th more >>
Mohammed Al Shaali receives lifetime achievement honour at World of Yachts and Boats awards
03.03.2017
photo caption:    Mohammed Hussein Al Shaali, Chairman of Gulf Craft, wins the Lifetime Achievement Award at the World of Yachts and Boats AwardsThe World of Yachts and Boats Awards has honoured Mohammed Hussein Al Shaali, Cha more >>
Great family fun, entertainment as Dubai Boat Show gears up for the weekend
03.03.2017
DUBAI INTERNATIONAL BOAT SHOW 2017Dubai International Marine Club the place to be as anniversary event becomes the stage for bumper package of brilliant marine sights and experiences Captions:    The fin more >>
Extreme Offshore Powerboat Catamaran takes thrill seekers on ride of their life
02.03.2017
....at Dubai International Boat ShowTwo adventure thrill seekers had a once in a lifetime experience at the Dubai International Boat Show, riding along on board an extreme offshore powerboat catamaran which is capable of reaching speeds more >>
Project Earth initiative at Dubai International Boat Show
02.03.2017
 .....turns  spotlight on environmental awarenessSuperyacht makers, conservationists, boat builders, ocean preservationists join hands with visitors to deliver sustainability messageSuperyacht makers, conservationi more >>
‘Listen to your body’ a key theme for WOW Film Fair Middle East
02.03.2017
.....as experts combine to raise ovarian, breast cancer awarenessWOMEN’S FILM FESTIVAL RETURNS TO DUBAI SCREENS  TO DELIVER POWERUL MESSAGE ON CANCEROrganisers of the film festival which champions the role of women in the movie in more >>
Maritime developments, superyacht launches at 25th Dubai International Boat Show
01.03.2017
Beyond Superyachts: Small to mid-size boats make a big splash at Dubai International Boat Show 2017Opening day features array of marine attractions that appeal to both professionals and enthusiastsThe 25th Dubai more >>
Extreme Watercraft open a new world of water wanderlust at Dubai Boat Show
01.03.2017
Some of the world’s most innovative water adventure companies are showing visitors how to shed new light on the ocean floor at the 25th Dubai International Boat Show. Th more >>
Dubai International Boat Show 2017 opens tomorrow
27.02.2017
- Anniversary event spotlights Dubai’s status as global marine capital- Dubai International Boat Show will host 19 superyachts; 38 regional and global launches- Exciting on-water experiences for visitors with expanded beach entertainment area more >>
Film Fair Middle East-World of Women 2017 proceeds will support children with special needs
27.02.2017
....through Al Jalila Foundation’s Ta’alouf programmeFILMMAKERS HOPE STORY OF FAMILY’S STRUGGLE WITH AUTISM WILL HELP OTHERS COPING WITH DISORDER IN UAEphoto caption:    ‘Lemonade’, telling the more >>
Extreme offshore catamaran adrenaline rush the prize at Dubai Boat Show 2017
26.02.2017
DUBAI INTERNATIONAL BOAT SHOW 2017 Online competition winners will enjoy once-in-a-lifetime experience alongside top race pilotCaptions:    Team Australia’s extreme catamaran will provide a b more >>
Middle East Maritime Industry shaped by rich heritage
25.02.2017
...vibrant present and future marine developmentsMega-projects improving the emirates’ waterscapes to take centre-stage at Middle East Yachting ConferenceCaption:    The future of the region&rsqu more >>
Cityscape Abu Dhabi returns with new features
22.02.2017
...and highlights across 18,000sqm of exhibition spaceCaption:    Cityscape Abu Dhabi will showcase a range of hospitality projects as demand for affordable hotel rooms is set to grow in lead up to Expo 2020.  more >>
Gitex shopper spring retourns with exclusive offers for 2017
22.02.2017
Power retailers and brands bring best bundle offers and flash sales to the region’s biggest retail extravaganza.Savvy shoppers are gearing up for exclusive offers and unbeatable deals on the latest consumer tech products, as the region&r more >>
Amid pioneering Marine Projects and Industry Innovation at Dubai International Boat Show
21.02.2017
Caption:     (Right to left) Trixie LohMirmand, SVP Events Management DWTC; Mohammed Hareb, CEO of Dubai International Marine Club and Member of the Board; Erwin Bamps, CEO Gulf Craft; HE Saeed Hareb, Secretary General of Dubai Sports Council more >>
Successful trials in Saudi Arabia prove satellites, aerial sensors can save date palms
20.02.2017
Experts at Global Forum for Innovations in Agriculture to showcase  game-changing solutions for regional date palm farmersCaption:          Bill Haraka, Managing Direct more >>
'Screen and Survive" an important healthcare step
20.02.2017
....to reducing cancer related deathsCaption:     Dr. Zulekha Daud and Zanubia Shams with guest of honour Dr Muna Al Kuwari and event ambassadors, Dr Adil Daud and Dr Robert WarrenSecond edition of Z more >>
Indian investor to keep faith in Dubai Real Estate
20.02.2017
ARTAR COO says the emirate’s property market has a proven reputation for delivering long-term benefits photo caption:  ARTAR Real Estate Development COO Okbah Abdulkarim Indian investors will continue to put more >>
Steven Gerrard greets fans at Adidas store in Mall of The Emirates
19.02.2017
England and Liverpool FC legend pays special visit to meet fans and sign autographs in Dubai  Dubai: adidas welcomed one of world’s most iconic football players, Steven Gerrard, into its store in the Mall of the Emirates, giving local more >>
Friend’s life-turning event inspired work by Emirati Alawadi showing at WOW Film Fair Middle East
19.02.2017
Mothers played key roles in shaping careers of directors sharing screen at Unique Women's Film Festivalphoto caption:   Mohammed Alsultan will debut at the festival will ‘Refuge’ more >>
Dubai International Boat Show marks quarter century amid thriving marine industry
16.02.2017
Major luxury brands and superyacht manufacturers return to showcase  products at the region’s premiere boating eventCaption:    The Dubai International Boat Show grew to welcome over 26,000 visitors in 2016’s edition more >>
Local doctors perform complex surgery on morbidly obese patient
13.02.2017
 16 per cent of UAE patients undergoing bariatric treatment are morbidly obese, says expert surgeonCaption:    The doctors and from Zulekha Hospital, Sharjah that successfully carried out the surgery: Dr Mohanad Mohamad Sultan Aljanabi, Consu more >>
Tesla Launches in the UAE with Model S and Model X
13.02.2017
Tesla today will begin accepting online orders for Model S and Model X in the UAE. Customers in the UAE can now visit the online design studio to customize and order the Tesla vehicle that best suits their lifestyle. First orders of more >>
Local heart surgeon first in UAE to use rare technology
09.02.2017
Zulekha Hospital surgeon performs sophisticated operation to open patient’s arteriesCaption:    Dr Anil Bansal with the patient, Shrikumar Nedungadi, after com more >>
Tournament: Omega Dubai Desert Classic
05.02.2017
Venue: Emirates Golf ClubPrize fund: $2,650,000Final round reviewSergio Garcia lifted the Omega Dubai Desert Classic trophy as he sealed his 12th European Tour win with a three shot victory over Open Champion Henrik Stenson. more >>
Dubai International Boat Show to reach new heights
04.02.2017
.. and depts with cutting-edge water jet technologies and submersiblesUAE hydroflight specialist rides wave of business onto international stage while Dutch engineering reveals pioneering means of underwater travel photo caption:   &nb more >>
Tiger’s back: Woods returns to iconic landmark ahead of Dubai Desert Classic
01.02.2017
Tiger Woods’ return to competitive golf continues in Dubai at the Omega Dubai Desert Classic (2-5 Feb 2017). Ahead of the event he visited the Burj Al Arab, the iconic Dubai landmark where he famously hit balls from the helipad in 2004.Woods, making his ei more >>
McGinley's Pro Golfers win the Abu Dhabi Invitational 2017
31.01.2017
Paul McGinley’s team of international professional golfers won the 2017 Abu Dhabi Invitational yesterday in wonderful fashion at the world famous Yas Links Golf Club.The event, played in a Ryder Cup Matchplay format, saw more >>
Cityscape Abu Dhabi returns with clear message from developers: now is the time to invest
31.01.2017
Property developers line up to capitalise on optimistic sentiment for 2017 UAE Real Estagephoto caption: Cityscape Abu Dhabi has announced that more than 90% of show floor has already sold, as it prepares for buoyant return from 18-20 April at the more >>
Abu Dhabi Sports Council launches new sport
26.01.2017
.. in Abu Dhabi Tourism InitiativeAll-star line-up for 2017 Abu Dhabi invitational at Yas LinksAbu Dhabi Sports Council (ADSC) has announced a world-class line-up for the Abu Dhabi Invitational (ADI) as the 2017 edition embraces a ne more >>
Repton School in Abu Dhabi gains prestigious award
25.01.2017
...for its work with technologyPhoto caption    Repton School Abu Dhabi has been recognised as an ‘Apple Distinguished School’ for innovation, leadership and educational excellenceRep more >>
2001-2020 copyright automobilsport.com