Cityscape Abu Dhabi will be held at the Abu Dhabi National Exhibition Center (ADNEC) from April 21-23, 2015. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the sixth edition of the show will bring together 130 exhibitors across 18,000 square meters.
Abu Dhabi Market Overview“
In collaboration with JLL and with the support of Masdar City, the Abu Dhabi Market Outlook forum will discuss the global workforce and its sustainability and continuity. The forum will focus on the latest trends and initiatives launched by the UAE in this area, while a specialized panel discussion will be held to discuss ways to support differentiation and its role in fostering the current market growth at a sustainable rate.
Burdened by low government spending
David Dudley, Regional Director and Head of JLL's Abu Dhabi office and one of the keynote speakers at the Abu Dhabi Market Insight Forum, revealed the recent performance of each real estate sector during the first quarter of 2015: “As the government continues to invest in major infrastructure and economic diversification projects worth more than several billion dollars, this will inevitably be reflected in the demand for real estate in each sector.
Dudley added: “However, we expect government spending to fall this year as a result of the recent drop in oil prices, which will generally slow annual demand growth. The projects that were initiated during the high oil prices are playing an important role in creating new jobs and growing housing demand, albeit at a slower pace. Based on the current shortage of affordable housing.
City planners have more access to new technology
Anthony Mallows, Director of Masdar City, will highlight the cost-effectiveness of sustainability and the potential of cities like Masdar one of the keynote speakers at Abu Dhabi Market Insight, will highlight the cost-effectiveness of sustainability and the potential for cities like Masdar to elevate its community above others in Abu Dhabi and the UAE.
Mallows explained: “For too long, sustainable construction has been characterized by high costs, especially in the GCC region due to the lack of supply of sustainable and low-carbon building materials. In order to be as sustainable as possible, architects, developers, investors and city planners now have greater access to better resources, new technological advancements, support from ADPB and our green footprint. These steps are contributing to high-performance buildings such as the Siemens building in Masdar City, which is LEED Platinum certified; and the International Renewable Energy Agency's (IRENA) Four Pearls headquarters, the first office building in Abu Dhabi to receive the Four Pearls certification.’.
Abu Dhabi Top Real Estate Markets
Talal Al Dhiabi, Head of Development Projects at Aldar Properties, and one of the keynote speakers at the forum, discussed why the UAE capital is an important center for global investment: “Abu Dhabi is an important market for local and international investors. The government's diversification strategy has been successful in creating a strong and stable investment environment.”.
“High-profile destinations such as Shams Abu Dhabi and Yas Island have put Abu Dhabi on the map and attracted significant international interest in the capital as one of the most important real estate markets. According to the Dubai Land Department, foreign investors accounted for nearly half of all real estate transactions in the UAE in 2014.’.
Al Dhiabi continued: “Abu Dhabi is developing into one of the world's leading new cities based on strong economic growth driven by non-oil sectors such as finance, education, tourism and healthcare. The rules of the real estate market have been successful in encouraging investment in this sector, given the confidence it gives investors in the government's ability to manage the sector in a prudent and safe manner.”.
