(MENAFN- Khaleej Times) Welcoming almost 1000 more attendees to the Abu Dhabi National Exhibition Centre this year the global presence was felt on the show floor with the number of international exhibitors increasing significantly.
Abu Dhabi — The real estate sector in the Middle East looks to be full of optimism following the largest and most successful edition of Cityscape Abu Dhabi in recent years where an increased number of visitors and exhibitors reflects sustainable growth.
Welcoming almost 1000 more attendees to the Abu Dhabi National Exhibition Centre this year the global presence was felt on the show floor with the number of international exhibitors increasing significantly.
The ninth edition of the UAE capital’s largest property show saw 81 per cent of Abu Dhabi-based developers launch new projects while 64 per cent of exhibitors showcased existing projects. Exhibitors were able to carry out property transactions on-site; Bloom Holding was just one of the 130 exhibitors to benefit from the change in rules.
Sameh Muhtadi CEO of Bloom Holding said: “We launched both the Stella Maris tower project at Dubai Marina and our Park View mixed-use development on Saadiyat — Abu Dhabi at Cityscape Abu Dhabi and received an overwhelming response from customers and investors alike. The residential component of our Park View project sold out during the three-day event.”
“The high demand can be primarily attributed to the prominent locations of our projects” Muhtadi said. “Park View is set to take shape in the university neighbourhood of Saadiyat Abu Dhabi while Stella Maris will be located at the southern end of Dubai Marina.”
Held at the end of last month Cityscape Abu Dhabi is an annual meeting point for real estate investors developers investment promotion authorities architects designers and other professionals to drive growth in real estate investment across emerging markets globally.
Following the success of Cityscape events worldwide event organiser Informa has launched into new markets this year adding Korea and Turkey into its portfolio. Cityscape Global the flagship event will take place at the Dubai World Trade Centre from September 8 to 10 2015.
“At Cityscape Global we aim to replicate our successful participation in Cityscape Abu Dhabi by launching two additional projects and showcasing our existing portfolio” Muhtadi added. “The Cityscape events have made a significant contribution to the growth of Bloom Holding by generating awareness and sales revenues forging new partnerships and consolidating our presence in the regional real estate market.”
Among the highlights of the three-day exhibition was the Abu Dhabi Market Overview Forum. Jointly organised by JLL and supported by Masdar City the half-day conference revealed Q1 real estate figures for 2015 and featured a group of experts who discussed how to create sustainable economic growth in the capital.
Cityscape Abu Dhabi was held under the patronage of His Highness Shaikh Mohammed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The 10th edition of the show will return between April 19 and 21 2016.
Wouter Molman director Cityscape Group said: “The decision to enable transactions on site was made based on advice from key government entities as well as requests from developers themselves who unlike in previous years were able to use Cityscape Abu Dhabi as a platform to launch new projects and conduct transactions instead of gauging interest from the market.”
Molman added: “The impact was positive and evident via an increase in visitor numbers. Several developers have indicated they will be looking to change strategies to ensure that Cityscape Abu Dhabi is used as a key selling opportunity.”
Molman added: “With 53.8 per cent of visitors attending the show to look for real estate investment opportunities or buy a home and 61 per cent of visitors intending to make a purchase or do business with a company they met at Cityscape Abu Dhabi within the next 12 months the show is a vital barometer for the regional property sector.”
—
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.