Cityscape Global's high number of participants comes as a result of the return of investor confidence in the real estate market at a time when Dubai's real estate market reportedly saw AED 35 billion in the first quarter of 2014.
The 13th edition of Cityscape Global Dubai kicks off from September 21-23 at the Dubai World Trade Center, with more than 250 real estate exhibitors from the region and the world expected to participate, an increase of approximately 25% compared to last year, also swelling the show's exhibition space.
Cityscape Global Dubai is set to kick off from September 21-23 at the Dubai World Trade Center, with a strong turnout of more than 250 exhibitors from the region and the world. According to the Dubai Land Department (DLD), during the first quarter of 2014, Dubai witnessed an investment of about AED 35 billion in the real estate market, an increase of 57% over the same period last year.
According to the DLD, the first quarter of 2014 witnessed an investment of about AED 35 billion in the real estate market. In a sign of growing consumer confidence, organizers of Cityscape Global confirmed that the exhibition floor has been expanded to include two additional halls, bringing the total exhibition area to more than 30,000 square meters.
Cityscape Global's organizers confirmed that the exhibition floor has been expanded to include two additional halls, bringing the total exhibition area to more than 30,000 square meters.
<As the real estate market continues to gain momentum, Gaurav Shivpuri, Head of Capital Markets at JLL for the Middle East and North Africa, believes that government legislation has played a major role in restoring investor confidence in Dubai's markets.“Increased transparency, improved economic fundamentals, expected growth due to the UAE's winning bid for Expo 2020, increased interest on property transfers to reduce speculation and laws regulating off-plan sales have all contributed to reducing the risks an investor could face in the city's real estate sector.”
Shivpuri said. <“The steps taken by the government have helped significantly in regulating the markets, and the establishment of the rental index has also made things more transparent for investors - all indicators of a mature market. While recent growth in value and rent has been higher than growth in the economy, we believe the steps I have outlined have significantly reduced the risk of an economic crisis similar to that of 2008.”
With the support of the Department of Housing and Urban Development (DHUD).
Supported by DLD, Cityscape Global is the annual meeting point for real estate investors, developers, investment marketing bodies, architects, designers and other real estate professionals to promote growth in real estate investments and the development of emerging markets globally.
Cityscape Global is the premier event for real estate investors, developers, investment marketing bodies, architects, designers and other real estate professionals with the aim of fostering growth in real estate investments and the development of emerging markets globally. <Wouter Moolman, Director of Cityscape Global, said: “In 2013 we welcomed more than 32,000 participants from 111 countries. ”Research shows that 36 percent of these visitors came to investigate real estate investment opportunities, and 64% of them were looking for opportunities to invest more than US$500,000.“
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Water Moolman, Director of Cityscape Global, said:
Water Moolman said.
"This year, the demand for exhibition space was strong, so we increased the floor space and added two new halls to welcome as many exhibitors as possible. This year's edition of Cityscape Global will be the largest in the last five years and figures from the Dubai Land Department support our expectations for 2014."
On the sidelines of the real estate exhibition, three specialized conferences - Global Real Estate Summit, Future Cities and Real Estate Brokers Summit - are expected to bring together more than 750 real estate experts, executives and participants to discuss future opportunities and provide solutions to the most important issues and challenges affecting the industry today.
Cityscape Global will host three specialized conferences on the sidelines of the real estate exhibition. The show will also host the Cityscape Emerging Markets Awards, which attracts hundreds of entries from real estate developers and architects developing real estate projects in emerging markets around the world.
