Cityscape returns to Abu Dhabi in April
Cityscape Abu Dhabi is gearing up to host more than 130 exhibitors over 18,000 squared meters of exhibition space this year.
The ninth edition for this realty exhibit will take place on April 21-23, 2015, at the Abu Dhabi National Exhibition Centre (ADNEC) with visitors expected from across the GCC.
With the UAE’s real estate market expected to post a double-digit growth, Wouter Molman, Director of Cityscape Group at Informa Exhibitions, the organizers of Cityscape Abu Dhabi, said the exhibit is “forecasted to grow by more than 15 per cent again, as registered exhibitors have already reached higher numbers than in previous years”.
The event turned a corner in 2014 with more than 17,000 attendees over the three days; a 15-per-cent year-on-year increase.
According to the ‘Q4 2014 Abu Dhabi Real Estate Market Overview’ report by JLL, rental rates in the capital will continue to rise at a steady pace throughout 2015, with the demand for housing still increasing due to low availability across all price points. That, in addition to the interest rates of approximately two percent on loans, makes property an attractive investment option.
The annual UAE Market Report 2014, published by Bayut.com, has underlined the stability of the real estate industry, revealing a renewed confidence in the property sector in both Dubai and Abu Dhabi.
“Construction activity is picking up pace again thanks to the revival in real estate developments and infrastructure projects. The recovery in real estate prices, a bounce in bank financing for construction and the return of off-plan sales has motivated developers to resume projects that were on hold in both Abu Dhabi and Dubai,” said Haider Ali Khan, CEO of Bayut.com.
In addition to the capital’s key developers and banks, Cityscape Abu Dhabi will see new participants, such as Eagle Hills Properties, as well as returning organizations including Aldar Properties, Tourism Development & Investment Company (TDIC), Al Forsan, Bloom Properties, Manazel, Mubadala, Reem Developers and TMKN.
Other exhibitors include Wahat Al Zaweya, Ejadah Asset Management Group, as well as other developers from Turkey, Jordan, Russia, the UK and the USA.