Residents with any information have been urged to contact the concerned authority
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It's that time of the year again. Cityscape Global, the premier real estate exhibition in the Middle East, will host its 14th edition from September 8 to 10 at the Dubai World Trade Centre.
Cityscape Global is often seen as a market gauge of the state of the Dubai property market.
Set to be the largest it has been since six years, the event this year boasts a 30 per cent larger exhibition space of more than 40,000 square metres. The exhibition will host more than 300 exhibitors from 30 countries globally.
In comparison, the 2014 edition of the event welcomed 47,000 visitors and spanned 31,000sqm. The show is, however, still about 25 per cent smaller than it was during the market peak in 2008.
"We expect a very strong turnout of visitors from all over the world this year as they look to maximise their investment potential in this lucrative market," Wouter Molman, director of Cityscape Group, organisers of Cityscape, told Khaleej Times.
While falling crude prices have caused regional governments to scale down on infrastructure spending and hit real estate demand, it has not had a noticeable effect on Cityscape Global.
Impact of oil prices
"Given the growth of the event and the increase in pre-registered visitors year to date, we can't say the oil price has had an impact on the event this year. Many of our government (owned) clients have increased their stand spaces significantly this year, and have already requested to reserve their spaces for 2016 with same or larger sizes. This is a testament to the confidence they have in the real estate market and in Cityscape Global as a platform to support the industry," said Molman.
While participants from the UAE have taken a lion's share of exhibition space at 65 per cent, Turkey and the UK will represent the largest international pavilions this year.
"We have exhibitors from across all continents including Asia and Africa. Countries including Egypt, Tunisia, Morocco, India, China, Hong Kong and Malaysia are represented by exhibitors, including IQI Properties, Pavilion Architects, Taghazuot Bay, Tabarak Holding and several others," he informed.
Exhibition spread across nine hallsThe growth of Cityscape Global this year is down to a combination of both larger stands and new exhibitors. "We have made some significant improvements to the exhibition this year, which has been reconfigured, now taking place in nine exhibition halls. It facilitates a more convenient layout as two sections of exhibition halls will be located in parallel, connected by a central concourse with several amenities, such as F&B outlets, meetings rooms, VIP lounges, etc. "All exhibitors are now within a few minutes' walk from each other, which will be a benefit to visitors as they navigate through the exhibition halls," said Wouter Molman, director of Cityscape Group. |
Residents with any information have been urged to contact the concerned authority
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