Cityscape Global Dubai: Developers launch wave of new projects ahead of Expo 2020

Cityscape Global Dubai: Developers launch wave of new projects ahead of Expo 2020

09.09.2015: 14th edition of Middle East’s largest property show returns with new launches across 41,

14th edition of Middle East’s largest property show returns with new launches across 41,000sqm of exhibition space

Caption:Major developers from the UAE and around the world have launched a number of high profile projects at Cityscape Global, taking place at the Dubai World Trade Centre until 10 September.

Major developers from the UAE and around the world have launched a number of high profile projects comprising leisure, hospitality, retail, commercial and residential components at Cityscape Global this week.

A significant focus has been placed on completing phases of developments ahead of the World Expo 2020. The Villages, an innovative concept in urban living has been unveiled by Dubai South; Meydan One by Meydan City Corporation and Burj 2020 by Dubai Multi Commodities Centre (DMCC) are all preparing to host global audiences when they descend upon Dubai for the world fair.

Speaker at the Cityscape Global Conference, Head of Real Estate Research, YouGov, Lara Al Barazi, said: “The positive market sentiment and growth expectations in Dubai illustrated by UAE industry experts, together with an anticipated rise in sales and rental property prices, are all indicative of how appealing the current market is for investment. As long as Dubai provides stability and greater investment protection, the real estate market will remain a priority amongst investors.”

Officially opened by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, the 14th edition of Cityscape Global saw thousands of international and local visitors descend upon Dubai World Trade Centre for first day of the show.

Taking place until 10 September, the event is the Middle East’s largest and most influential property investment show welcoming 324 international and regional developers spanning across 41,000sqm of exhibition space.

The much anticipated three-day event, which is set to attract 47,000 participants from around the world, acts as a barometer that reflects where the property market in the UAE and the wider region currently stands.

Wouter Molman, Director of Cityscape Group, said: “All indications in the run up to the show were pointing towards an incredibly busy, profitable opening day and the attendance so far from international investors has been impressive.

“Given the growth of the exhibition and strong visitor turnout to date, we are confident that the event will strengthen the long-term confidence in the market for both investors and home buyers.”

A number of major developers in the UAE are present at the event, with market leaders including Emaar, Dubai Properties, Nakheel, Meraas, DAMAC, Dubai South, Union Properties and Deyaar showcasing their latest portfolio to regional and international investors.

Projects taking centre stage at the event include 1/JBR, a new luxury residential development by Dubai Properties; Creekside 18 residences in Dubai Creek Harbour by Emaar, and Palm Promenade by Nakheel, which will transform Palm Jumeirah trunk into a pedestrian-friendly beach, park, retail and café complex.

Gautam Sashittal, CEO, DMCC said: “This is our first time participating and what a great start we have had. We’re very excited to profile two very important projects, Burj 2020 district and 1 JLT tower. We’ve seen a lot of excitement in our stand it has been full of visitors all day. The event is creating the right opportunities for us and it is absolutely the best venue for DMCC to launch such important projects.”

Sharjah Waterfront City, a series of ten islands interconnected by man-made canals and spread across 36 km of coastal land on the north-eastern coast of Sharjah proved a popular hit with visitors. The development, once completed is expected to be the largest commercial, residential and tourism development in the Emirate of Sharjah.

Mr. Hayssam El Masri, President of the Sharjah Oasis Real Estate Development said: “As a developer, we are extremely excited to officially launch Sharjah Waterfront City, a project which is so ambitious in its planning, so grand in its nature and so effective in its economic and social impact at Cityscape Global. The interest that we have received so far from investors and from the public has exceeded our expectations.

“Our objective is to develop Sharjah Waterfront City as the epitome of privacy, luxury and status to foster what we like to call, a Modern Utopia; the ideal destination for those in search of a new home, not just an escape, but a life where our synergetic developments connects societies and cities for a sustainable future.

“We believe we can significantly add value to the emirate’s overriding goal of establishing itself as the cultural capital of the UAE.”

While all the big local players are out in force at Cityscape Global this year, international representation is also strong, with Turkey representing the largest international pavilion, covering 4,200 square meters of exhibition space.

Vadistanbul, one of the 50 Turkish exhibitors taking part in the show, launched the third stage of their Vadistanbul project, which consists of a 120,000 sqm office area, 1,000 flats and 24,000 sqm of retail stores which will complete the total area of the development to 110,000 sqm.

Cityscape Global 2015 returns with support from Dubai Land Department and Foundation Partners: Emaar Properties, Dubai Properties and Nakheel; Gold Sponsors: Arma Properties; GarantiKoza and Al Marjan Island; Silver Sponsor Sobha LLC; District Operator Sponsor: Ejadah Asset Management; Project Marketing Sponsor: Aqua Properties and Property Registration Trustee Partner: Tamleek Property Transfer and Research Partner: YouGov. 

- Sarah Brook, TOtal Communications Dubai - also photo


09.09.2015 / MaP

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