Cityscape Abu Dhabi has confirmed that more than 130 local and international exhibitors will participate in Abu Dhabi’s largest real estate exhibition, which will take place from April 21–23, 2015, at the Abu Dhabi National Exhibition Center. More than 18,000 square meters of space has been allocated for the exhibition and participants, thereby contributing to the promotion and consolidation of the steady growth witnessed by the real estate market in the UAE as a whole.
Fauter Mulman, Director of the Cityscape Group at Informa Exhibitions, the organizer of Cityscape Abu Dhabi, said: “Last year’s edition saw a significant improvement, particularly with over 17,000 visitors attending during the three-day event, representing a year-on-year increase of 151%. We expect growth of over 151% again this year, especially since the number of registered exhibitors has exceeded that of previous editions, which will prompt us to add a new hall to the exhibition.”.
Mullman predicted that the exhibition would attract visitors from across the Gulf Cooperation Council (GCC) countries, noting that consumer confidence is on the rise and that dozens of leading real estate developers are preparing to participate in the ninth edition of Cityscape Abu Dhabi, in addition to major real estate development companies and banks in the capital. The exhibition will also feature new participants, most notably “Eagle Hill Real Estate,” as well as the return of some of the sector’s major influential companies such as Aldar Properties, Tourism Development & Investment Company, Al Fursan, Bloom Properties, Manazel, Mubadala, Reem Development, and ”TMK N.”.
Among the exhibitors participating in this year’s edition are Platinum Sponsor Waha Al Zawiya, Official VIP Sponsor Ejada Asset Management, and a number of leading real estate development companies from Turkey, Jordan, Russia, the United Kingdom, and the United States.
According to a report released by JLL on the Abu Dhabi real estate market in the fourth quarter of 2014, rental prices will continue to rise at the same pace throughout 2015, particularly given the notable growth in demand for residential units due to the shortage across all categories, which works in favor of investors and buyers able to take advantage of low interest rates on home loans, estimated at just 2.1% to 3.3%. It is expected that 2015 will mark the beginning of the real estate market’s true maturity in the emirate, with construction activity returning to its former levels, thanks to the boom in real estate development and infrastructure projects.“.
It is worth noting that the “Abu Dhabi Market Outlook“ seminar will be held on the first day of the exhibition (April 21) in collaboration with JLL, following the success of its inaugural edition last year. The half-day seminar will discuss the latest trends and initiatives in the emirate, including future development projects and new laws and regulations expected to be enacted to regulate and develop the real estate market.
