Shaikh Mohammed tours Cityscape Global 2013

His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai on Wednesday took a tour of Cityscape Global 2013 at Dubai World Trade Centre.

Cityscape is considered the Middle East’s largest real estate development and investment event.

Shaikh Mohammed, accompanied by Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and other top officials, toured various sections of the exhibition, which this year saw growing momentum in terms of number of local and foreign exhibitors who display high quality investment and real estate developments in various areas of tourism, hospitality, leisure and housing.

Mirroring Dubai’s expanding real estate sector, the event has grown by more than 50 per cent on last year as it showcases 223 international and regional exhibitors, at a total exhibition space of 25,000 square metres.

Welcoming the exhibitors, Shaikh Mohammed began his tour with a visit to Dubai World Central pavilion where he was briefed on the integrated Al Maktoum Airport City project, one of its kind in the world. He was also briefed on the investment opportunities available at this city.

At the over Dh 2 billion Dubai Water Canal project pavilion, the promising commercial and residential project, Shaikh Mohammed familiarised himself with the details of the project, before stopping at “Meraas Holding” pavilion where he was briefed by its chairman Abdullah Ahmad Al Habbai about Dh6 billion Bluewaters project which includes a large leisure element, including the world’s largest Ferris wheel “ Dubai Eye”.

Shaikh Mohammed went on to visit pavilions of Dubai Properties Group and Emaar where he was received by Emaar Chairman Mohammed Al Abbar and Chief Executive Officer of Dubai Properties Group Ahmed bin Bayat and other senior officials. He reviewed the key developmental projects implemented by Dubai Properties Group in Dubai in cooperation with Emaar, including the World’s Largest Man-Made Lagoon.

Shaikh Mohammed was briefed by Chairman of the Board and CEO of Meydan Group Saeed Humaid Al Tayer about “District One” project located within the Mohammed Bin Rashid City, ‘Intisar Tower’ on Shaikh Zayed Road. Al Tayer also briefed Shaikh Mohammed about other projects being implemented by the Meydan Group including the ‘Heights’ and the ‘Diamond Business’.

He also reviewed ‘Dubai Creek Residence’ and ‘The Address Sky view’ projects being implemented by Emaar.

At Nakheel pavilion, Shaikh Mohammed was briefed about the first of its kind in the world Night Souq project , being developed on Palm Deira. The souq includes around 1500 commercial outlets, 11km pathway, restaurants, resorts and other facilities.

Shaikh Mohammed also visited Falcon City pavilion where he was detailed by its chairman Salem Al Mossa about The Pyramid’s Park real estate mega project being implemented near Shaikh Zayed Road at over Dh 1.25 billion. He followed it with a visit to Abu Dhabi Saadiyyat Island pavilion.

At the Dubai Land Department pavilion, Shaikh Mohammed was briefed by the Director General of the department Sultan bin Mejren on the investment map prepared by the department as an electronic guide for investors seeking investment opportunities in Dubai, before stopping at Dubai International Financial Centre (DIFC) pavilion. He also visited Bloom Properties pavilion where he reviewed its various real estate projects the company implements in Abu Dhabi and other places in the UAE.

Shaikh Mohammed concluded his tour with a visit to Jumeirah Golf pavilion where he was briefed about the various projects implemented by the company.

Shaikh Mohammed hailed the developmental projects exhibited by local, Arab and international companies describing these projects as qualitative and distinct in terms of design, constituents and purposes as they provide high residential environment along with focus on tourism that has become one of the most important elements of attracting investors to the region.

Shaikh Mohammed also hoped that these projects will, once completed, contribute to boosting the local economy so as to achieve the objectives of sustainable development the UAE seels to achieve, provide job opportunities and new investment opportunities for Arab and foreign investors who look at the UAE in general and Dubai in particular with confidence and satisfaction with feelings of assurance to the future of their investment and the future of the national and international economies through these promising investment projects.