Real estate developers will again have the opportunity to sell their projects at the Cityscape Global conferences in Abu Dhabi and Dubai.
The decision was made after Dh870 million worth of on-site transactions were recorded during the three days of Cityscape Global in Dubai last September, where sales were permitted for the first time in 16 years.
On-site sales have taken place at the Abu Dhabi showcase for the past four years and in Dubai for the past two annual events.
Previous to that, local and international developers were only allowed to showcase their projects, not conduct transactions on the conference floor.
On-site property transactions can take place during the event in Abu Dhabi, which runs from April 17 to 19.
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“Permitting on-site transactions was a significant milestone in the history of [the event], and it allowed us to enhance the experience of participants whether they are property developers, home buyers, investors or agents,” said Tom Rhodes, exhibition director at Cityscape Global.
Two-thirds (67 per cent) of the 37,821 visitors who attended the Dubai edition of Cityscape Global last year expressed an interest in transacting with companies they met at the show over the following 12 months, according to a post-show report from the event organisers, Informa.
Many exhibitors reported a successful 2017 at Cityscape Global Dubai last year. Azizi Developments sold out the first phase of units for its Dh12 billion waterfront project Azizi Riviera; Aldar’s Water’s Edge residential scheme generated Dh400m of phase-one sales, and an anonymous buyer of Omniyat’s One Palm scheme broke the record for the most expensive penthouse with a final price of Dh102m.
The Dubai show also saw several new project launches including Nakheel’s Dh4bn worth of developments, Union Properties’ Dh8bn Motor City master plan, and Deyaar’s Dh1bn South Bay scheme in Business Bay.
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Fire and Fury
By Michael Wolff,
Henry Holt
Company%20Profile
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How to protect yourself when air quality drops
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UAE currency: the story behind the money in your pockets
Company%20Profile
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THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
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Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
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