Cityscape Global Dubai opening day sees 53% increase in visitors

Cityscape Global Dubai opening day sees 53% increase in visitors

10.10.2013: Amid billion dollar project launches photo caption: The opening day of Cityscape Global saw 53% increase year

Amid billion dollar project launches




photo caption: The opening day of Cityscape Global saw 53% increase year on year in visitor numbers who flocked to hear about new projects announced by local and international developers.



Local and international exhibitors showcase prominent real estate developments in the first day of Cityscape Global


The first day of Cityscape Global has seen a 53 per cent increase in visitor numbers year on year as major local and international developers turn out to launch a host of new projects amid a buoyant real estate market.


Middle East investors were joined by those from India, Pakistan, Russia, Turkey, the UK and more, to hit the halls of the region’s premier real estate event, running at the Dubai World Trade Centre until Thursday 10 October, eager to find out about new projects and units released for sale.


Wouter Molman, Exhibition Director for Cityscape Global, said, “All indications in the run up to the show were pointing towards an incredibly busy, profitable opening day and the turnout from international investors has been impressive. Exhibition space sold out some six weeks before we opened and today we have seen a number of announcements from our UAE and global exhibitors.


“While there has been much debate in recent months that the UAE is entering into another ‘property bubble’, we can see that current market fundamentals are actually far stronger today than they were in 2008; an estimated 100,000 new residents added to Dubai’s population every year and a healthy GDP growth of more than 4 percent will support the recent market growth. 


The International Monetary Fund (IMF), meanwhile, has increased its forecast economic growth for the GCC to 4.4 percent in 2014, an increase from 3.78 percent in its May 2013 report.


“The main focus in Dubai now is on winning the bid to host World Expo 2020, which will give a further boost to the local economy and real estate market.”


Among the main announcements at Cityscape Global was foundation sponsor Nakheel which launched three sustainable waterfront projects: the transformation of four islands at Deira into a 16 million square metre mixed-use development; the creation of a boardwalk covering the 11km Palm Jumeirah crescent; and an exclusive beach club and park on the Palm Jumeirah. 


Dubai Holding and Emaar Properties unveiled the extent of their joint venture The Lagoons, a magnificent waterfront city that will define the ambitious new face of Dubai’s future, within Mohammed Bin Rashid City.


Meydan released 444 serviced apartments for sale in the landmark Entisar Tower on Sheikh Zayed Road, Dubai, receiving numerous expressions of interest and enquiries.  Ranging from one to three bedrooms, the serviced apartments cover a total area of 66,300 square metres across 37 floors of the 100+ storey vertical community building, set to be one of the tallest in Dubai. 


Dubai Properties Group presented the plan of a luxury beachfront hotel, set for construction at the Jumeirah Beach Residence, as well as a new residential twin tower project in Business Bay with a spectacular view of the Burj Khalifa and impressive indoor facilities. 


Culture Village from Dubai Properties Group was also in the spotlight.  The development comprises residential and commercial projects, all interconnected by a 3.8km promenade walkway and landscaped features including a traditional-style souk and mixed use complex overlooking the internal canal.


Also highlighted was the Mall of Qatar project, a 4,175,000 square foot shopping complex under construction in Doha with more than 1,750,000 square feet of retail leasable space.  Msheireb Properties, also from Qatar, is participating in Cityscape Global with its flagship development, the  world’s  first  sustainable  downtown  regeneration  project  in  a  modern metropolis: the  QR20  billion  (US$5.5 billion; €4.18 billion)  redevelopment  of  the  historical centre of Doha.


The Dubai Land Department, the supporting authority for Cityscape Global 2013 revealed its new 3D real estate investment map, created in collaboration with Google, where developers and investors can operate under the authority of Dubai government rules and regulations. Designed to support the growth of the real estate sector in Dubai, the interactive application will give investors access to view projects and developments taking place across the emirate.


Organised by Informa Exhibitions, Cityscape Global is supported by Foundation Sponsors Emaar, Nakheel, and Dubai Properties Group, and Silver Sponsors Anantara Residences and Pacific Ventures. The three-day event also returns with Strategic Sponsor Barwa; Official Broker, TRISL Real Estate; Dubai Land Department as Supporter; Al Arabiya as Regional Broadcast Partner; and CNN as the International Broadcast Partner.


The 2013 edition of Cityscape Global runs alongside three dedicated industry conference programmes, the Global Real Estate Summit, Future Cities and the MENA Mortgage and Affordable Housing Congress. 


Cityscape Global is open daily from 10:00am to 7:00pm until Thursday 10 October, in halls three to eight at the Dubai World Trade Centre.




- Lindsay Johnston, Total Communications Dubai -  also photo

Permanent-URL: http://www.automobilsport.com/cityscape-global-dubai-opening-day-increase-visitors-real-estate-market---116207.html

10.10.2013 / MaP

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