(MENAFN - Khaleej Times) A major property show, Cityscape Abu Dhabi has opened here Sunday, at a time when the UAE's property market is flooded with housing units.
At a simple ceremony, Shaikh Hazza bin Zayed Al Nahyan, National Security Advisor and Vice-Chairman of the Abu Dhabi Executive Council, inaugurated the show at the Abu Dhabi National Exhibition Centre, or Adnec.
The chief guest toured the exhibition and met with the officials and property developers and asked questions about their projects displayed.
The four-day event, which will continue till Wednesday, is dubbed as the annual barometer for the Abu Dhabi and wider GCC real estate market, where investors gather to learn about the latest market trends and updates of many of Abu Dhabi's master developments.
Leading government agencies including Abu Dhabi Urban Planning Council's (UPC) emirate-wide urban development strategy are displaying their initiatives in line with Vision 2030, and the Emirati Housing initiative, where 7,500 new homes for Emirati families across all three regions of Abu Dhabi, Al Ain and Al Gharbia have been showcased.
Falah Al Ahbabi, General Manager of UPC said: "With Abu Dhabi's 2030 Urban Vision taking shape across the Emirate, we are keen to acknowledge and update stakeholders on how the UPC is implementing its various plans and initiatives."
"By updating the public on the Emirate-wide urban development strategy we move further forward with establishing Abu Dhabi as the region's catalyst for a truly sustainable, modern, vibrant, cosmopolitan and world-class Arab Capital for the 21st Century."
Some of the other key developers taking part this year at Cityscape Abu Dhabi include Tamouh Investments, Sorouh, Aabar Properties, Mubadala, and the Tourism Development & Investment Company (TDIC), to provide updates on their projects."TDIC is looking forward to showcasing its most prestigious projects at this year's Cityscape Abu Dhabi," said Ahmed Al Fahim, TDIC Executive Director for Marketing, Communications, Sales and Leasing.
A regular feature of the event is the Middle East Real Estate Summit, where a panel of more than 35 industry leading speakers currently active in the Middle East will share their collective experience and tackle the major challenges facing the regional real estate sector.