Foreign investment on the rise as international exhibitors showcase hundreds of new developments
Cityscape Abu Dhabi has seen a 10% increase in visitor numbers on the opening day of the show, year on year, as investors flocked to avail the exclusive offer and payment plans being offered by the exhibiting companies.
Middle East investors were joined by those from India, Pakistan, Russia, Turkey, UK and more, filling the halls of the capital’s largest real estate event, which concludes today (Thursday 20 April) at the Abu Dhabi National Exhibition Centre.
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, a strong international presence has been reinforced at the three-day show as 13 different countries were represented across the 18,000 sqm sold out exhibition space.
Azersun Holding from Azerbaijan were offering an exclusive promotion to Cityscape Abu Dhabi visitors giving 20% discount for sales made on their 330 hectares mixed-use project, Dreamland Baku Golf Villas & Residences.
Bahar Duzgun, Sales and Marketing Manager, Dreamland Baku Golf Villas & Residences said: “We are seeing a huge rise in GCC people wanting to invest, especially UAE nationals. There are lots of cultural similarities, we are conveniently located and Baku is a safe and clean area with lots of things to do, therefore it is no surprise that it is becoming a popular destination.
“This is our second participation at Cityscape and it is the best platform for us to reach out to potential investors and showcase our unique project. We are slowly putting Baku on the map and we are confident that our Dreamland Baku Golf Villas & Residences will be at the heart of this.”
Ensuring luxury was at the top of the priority list, Turkish exhibitors were out in full force, showcasing a range of projects in prime locations across the country.
Mounis Akkad, General Manager, Liderlik Development said: “This is our first time participating in Cityscape Abu Dhabi and we have received a really positive response. The capital has financial capabilities and the stability needed to encourage residents, both nationals and expats to take one step forward and invest in a property, especially overseas.
“We have received a lot of interest in our two projects, which are priced between USD$2,000 to USD$4,000 per square metre, and the drop of the Turkish lira and the positive benefits put in place by the government to facilitate overseas purchases have certainly made Turkey an attractive opportunity for foreign investors.”
With hundreds of new launches at the three day show, leading developer Eagle Hills revealed their latest UAE project in Fujairah.
Low Ping, CEO of Eagle Hills said: “Our participation in Cityscape this year marked the unveil of our second mixed-use project in the UAE, Fujairah Beach which consists of The Palace, a luxury five-star hotel and 84 villas providing exclusive amenities within Fujairah City. We firmly believe that we are providing a new home to residents and visitors and an ideal gateway for holidays to the hotel’s guests. This is part of our new strategy in developing the Northern Emirates.”
In other news, Abu Dhabi Urban Planning Council (UPC) made a formal agreement with the UAE’s leading property companies, committing them to a major community initiative for Year of Giving 2017. Nine real estate developers will contribute a collective total of 3.23 million AED in building amenities to benefit the capital’s communities, such as mosques, public parks, walkways, playgrounds and sports facilities throughout Abu Dhabi, as well as honour UAE’s Martyrs.
The 11th edition of the show saw Cityscape Abu Dhabi Conference return, bringing hundreds of delegates and industry experts together to look at Destination Abu Dhabi and the impact of free zones in the capital.
Cityscape Talks also proved a popular hit this year, as the new, free to attend feature saw visitors, investors and buyers join on the show floor to discuss the real estate sector and the future direction of the market.
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