His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, inaugurated yesterday the activities of Cityscape Global 2015 in the presence of a large number of officials and interested parties from around the world to learn more about the real estate market in the UAE in general and Dubai in particular. The exhibition hosts 1000 real estate figures through its activities and receives more than 300 exhibitors to showcase their latest projects at the Dubai World Trade Center.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum expressed his satisfaction with the prominent presence of national and international companies and institutions in the annual exhibition, and his appreciation for the huge and diverse projects they present through the exhibition, stressing that the real estate development sector represents an important axis of the national economy, as urban development is closely linked to the strong economic movement and the comprehensive development movement that does not subside on the territory of the country, with an increase in demand for various real estate options that meet the needs of the growing market.
His Highness praised the advanced level of projects offered by national real estate development companies, describing them as a breakthrough in construction and building standards around the world with their diverse designs and options that suit all tastes and meet various needs, stressing the importance of continuing to raise the quality of development by inspiring the best international practices in this field, adapting them to the needs of the local market, and offering wide options to investors, thus enhancing the sector's ability to compete at the global level.
Cityscape Global, which has grown from 31,000 square meters in 2014 to more than 40,000 square meters, will feature more than 300 exhibitors from 30 countries around the world, achieving double-digit growth for the fourth consecutive year.
During the opening ceremony, which was attended by senior UAE officials, heads of participating companies and a large number of real estate enthusiasts, the international companies began showcasing their various achievements and projects.
The participation of foreign companies received great attention from the followers, especially the Turkish companies, which amounted to 50 companies and occupied the largest space in the exhibition, confirming the worthiness of the Turkish market in this field and announcing that Turkey will host Cityscape events in March next year.
Emaar, Jumeirah Gulf Estates, Dubai Multi Commodities Center - DMC - and Sun & Sand Development are among the leading developers and designers who will be showcasing their new projects at the event. and companies from across the GCC and the region.
According to a new study conducted by YouGov, a global market research company, more than half of investors will choose residential real estate as their first choice to spend $10 million in the UAE real estate market, reflecting the optimistic outlook that prevails in the current real estate sector in the region.
